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LIVE: Bitcoin crashes below $60K for first time in 20 months
TheStreet62d agobearish
LIVE: Bitcoin crashes below $60K for first time in 20 months

Bitcoin crashed below $60,000 on June 5, deepening a sell-off that picked up pace after a surprise disclosure from Strategy about a partial sale of its Bitcoin holdings earlier this week on June 1. The move caught markets off guard and added fresh pressure to an already fragile sentiment ...

Bitcoin Falls Below $60,000 for First Time Since 2024 Trump Win
Bloomberg62d agobearish
Bitcoin Falls Below $60,000 for First Time Since 2024 Trump Win

(Bloomberg) -- Bitcoin fell below $60,000 for the first time since October 2024, extending its reversal from market darling after the reelection of US President Donald Trump to a casualty of a rapidly changing speculative landscape.Most Read from BloombergBecerra Advances for California Governor as Hilton Fights SteyerSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PSaylor’s Bitcoin Machine Is Misfiring on Every CylinderWhat to Expect From Apple’s AI, Siri and iOS 27 Launch at WWDC‘Sell Ind

Bad News for XRP and Bitcoin Investors. Retail Investors are Fleeing Crypto.
24/7 Wall St.62d agoneutral
Bad News for XRP and Bitcoin Investors. Retail Investors are Fleeing Crypto.

On Bloomberg Tech, live from San Francisco today, a venture capital investor laid out a striking thesis about what’s actually happening inside the cryptocurrency markets. Retail investors now make up 70% of crypto markets, down from 90%, while institutional participation has climbed from 10% of the digital asset economy to between 20-30%. The shift is ... Bad News for XRP and Bitcoin Investors. Retail Investors are Fleeing Crypto.

Bitcoin Falls Below $60,000
The Wall Street Journal62d agobearish
Bitcoin Falls Below $60,000

Bitcoin, the largest cryptocurrency, briefly dipped below $60,000 before staging a slight recovery. The largest cryptocurrency traded as low as $59,775 around midday Friday, its lowest intraday level since October, 2024.

BitMine Slides 5%, Strategy Falls 4% as Crypto Crash Deepens on Ethereum’s 7% Plunge
24/7 Wall St.62d agobearish
BitMine Slides 5%, Strategy Falls 4% as Crypto Crash Deepens on Ethereum’s 7% Plunge

Shares of Bitmine Immersion Technologies (NYSE:BMNR) are down 5% to $16.91 in early Friday trading, while Strategy (NASDAQ:MSTR) is off 4% to $124.38. The slide tracks a fresh leg lower in crypto. Ethereum (CRYPTO:ETH) is down 7% over the past 24 hours to $1,665, dragging BMNR stock with it as the largest corporate ETH holder. ... BitMine Slides 5%, Strategy Falls 4% as Crypto Crash Deepens on Ethereum’s 7% Plunge

Bitcoin May Be the First Casualty of the SpaceX IPO
Barrons.com62d agoneutral
Bitcoin May Be the First Casualty of the SpaceX IPO

Bitcoin, XRP, and other cryptocurrencies were falling again early Friday as digital assets got caught up in the tech selloff, compounding a bad week. Bitcoin the world’s largest crypto, fell as low as $61,300 before climbing back to $62,500–down 1% over the past 24 hours, according to CoinDesk data. The digital asset has slumped 14% this week and is now more than 50% down from its record high of $126,272 reached in October last year.

Ethereum News Today: BitMine to Raise $300M in Preferred Stock to Buy ETH
Cryptonews62d agobullish
Ethereum News Today: BitMine to Raise $300M in Preferred Stock to Buy ETH

In Ethereum News today, BitMine Immersion Technologies filed with the SEC on Wednesday to launch a Series A Perpetual Preferred Stock offering, 3 million shares at $100 per share, carrying a 9.5% cumulative annual dividend, with proceeds earmarked explicitly for Ethereum acquisition, ETH staking infrastructure expansion, and ecosystem investment.The offering ...

Bitcoin Treasury Firms Shed $62 Billion in Deepening Crypto Rout
Bloomberg62d agoneutral
Bitcoin Treasury Firms Shed $62 Billion in Deepening Crypto Rout

(Bloomberg) -- Bitcoin’s slide this week is adding fresh pressure to one of the most ambitious financial experiments to emerge from the recent crypto boom: publicly traded companies created to accumulate digital assets on behalf of investors.Most Read from BloombergSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PSaylor’s Bitcoin Machine Is Misfiring on Every CylinderGlazer Family Members Study Manchester United Stake SaleRepublican-Led House Votes to Stop Iran War, Rebuking TrumpBloomberg

Bitcoin Treasury Firms Shed $62 Billion in Deepening Crypto Rout
Bloomberg62d agoneutral
Bitcoin Treasury Firms Shed $62 Billion in Deepening Crypto Rout

(Bloomberg) -- Bitcoin's slide this week is adding fresh pressure to one of the most ambitious financial experiments to emerge from the recent crypto boom: publicly traded companies created to accumulate digital assets on behalf of investors.Most Read from BloombergSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PGlazer Family Members Study Manchester United Stake SaleSaylor's Bitcoin Machine Is Misfiring on Every CylinderRepublican-Led House Votes to Stop Iran War, Rebuking TrumpDow Averag

Bitcoin Treasury Firms Shed $62 Billion in Deepening Crypto Rout
Bloomberg62d agoneutral
Bitcoin Treasury Firms Shed $62 Billion in Deepening Crypto Rout

(Bloomberg) -- Bitcoin’s slide this week is adding fresh pressure to one of the most ambitious financial experiments to emerge from the recent crypto boom: publicly traded companies created to accumulate digital assets on behalf of investors.Most Read from BloombergGlazer Family Members Study Manchester United Stake SaleSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PSaylor’s Bitcoin Machine Is Misfiring on Every CylinderRepublican-Led House Votes to Stop Iran War, Rebuking TrumpDow Averag