In an institutional bear market, a Bitcoin ETF redemption is almost aggressively boring. An investor sells shares, an authorized participant returns a large block to the trust, and the fund either pays cash or transfers BTC. Its assets shrink while the shares keep trading near net asset value and the custodian carries on. Since the […]
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The exchange wind-downs show where pressure is landing, while a messy shutdown tally and 49% drawdown leave timing unresolved.
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With ETH drained from its wallets, BitMart faces a wave of stuck user withdrawals after abruptly announcing its closure BitMart said it will wind down its trading platform after nine years, abruptly reversing an expansion push that continued into the summer. The exchange stopped accepting new registrations, deposits and orders at 01:30 UTC on July […]
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The signed offers equal 31.8% of wallet IOUs only in gross arithmetic, before estate boundaries, liens and bankruptcy costs.
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BitMEX completed a review of its business and will close on Sept. 23, telling customers to close their positions and withdraw funds before then. The announcement came with no balance-sheet hole, withdrawal freeze, or bankruptcy filing, with Kaiko data putting BitMEX's market share below 0.01% and its daily volume near $400,000. That combination makes BitMEX's […]
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The $11.7 million convert vanished, leaving a simpler capital stack and a tougher test for replacement funding.
The post Bitcoin treasury company erases 7.7M shares after selling 177 BTC – yet Bitcoin per share fell appeared first on CryptoSlate.
BTC PREF is expected to begin trading July 20, with any discount to SEK 120 lifting the indicated cash yield above 10%.
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Rare bottom-zone readings are drawing attention, but low hashprice will decide which operators can keep hashing.
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In 2017, a handful of developers with a whitepaper and a GitHub repository could launch a token or a crypto startup in a matter of days. Capital requirements were low, licensing was either non-existent or seen as an afterthought, and a compelling idea was usually enough to draw thousands of retail buyers into an ICO […]
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Bitcoin is trading just above $60,000 right now, and the network's estimated all-in cost to produce a single coin is near $84,300, so the gap between the two is roughly a quarter, leaving mining underwater on a full-cost basis across much of the network. For years, the assumption was that this simply couldn't happen, that […]
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Strategy’s Bitcoin holdings have fallen roughly $12 billion below their purchase cost, placing the company’s capital-raising model under its sharpest pressure since it accelerated its Bitcoin treasury strategy. The company held 847,363 Bitcoin as of June 21, acquired for an aggregate $64.1 billion at an average price of $75,651. With the top crypto recently trading […]
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Bitcoin’s prolonged decline is forcing cryptocurrency companies to cut staff, automate more work, and abandon the expansion plans that defined the last bull market. At the same time, it is also creating one of the industry’s busiest periods for takeovers. Crypto mergers and acquisitions reached $7.23 billion during the second quarter of 2026, up from […]
The post Bitcoin’s bear market struggle is killing crypto jobs but fueling a $10 billion Wall Street-backed M&A boom appeared first on CryptoSlate.
Bitcoin price fell below $60,000 this week and touched its lowest level since October 2024 as traders abandoned expectations for interest-rate cuts and began preparing for the Federal Reserve to raise borrowing costs later this year. According to CryptoSlate's data, the largest digital asset dropped more than 4% in the last 24 hours to as […]
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Swell warned users to bridge out by June 23, turning a planned L2 shutdown into a test of user exit procedures.
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DXY near 101 and the 10-year yield near 4.5% keep the reclaim in test mode.
The post Bitcoin price rebounds to $65K as oil falls, but US market data still blocks the all-clear appeared first on CryptoSlate.
Brent below $80 removed one pressure point, but BTC still needs rates, ETF flows, and risk appetite to turn.
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The Layer 2 had uptime, transactions and integrations, but BTCFi demand is moving through wrappers and institutions.
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Standard Chartered maintained its call for Bitcoin to reach $100,000 by Dec. 31, even after the cryptocurrency briefly fell below $60,000 last week for the first time since October 2024. Geoffrey Kendrick, the bank's global head of digital assets research, called the selloff “painful” but argued the bulk of selling may be over, adding that […]
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Crypto exchanges are seeing the weakest retail-driven activity in years, but some of the biggest platforms are finding a lucrative new source of volume in Wall Street-style bets on gold, silver, oil, stocks, and indexes. According to a CryptoQuant report shared with CryptoSlate, the shift is emerging during one of the weakest trading periods for […]
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The XRP monthly relative strength index has fallen to 41.64, the lowest reading the indicator has ever recorded for the token — lower even than the 43.75 it hit in March 2020, when XRP bottomed out at $0.11 during one of crypto’s worst bear markets. Related Reading: Bitmine Seeks $300M Raise To Accelerate Ethereum Accumulation Strategy A Signal With A Caveat The current reading edges out that 2020 low, but it is not yet final. June is still open, and data shows that if XRP recovers to above $1.30 before the month ends, the RSI could close well above its current level, which would undercut the significance of the signal entirely. XRP market commentator Austin, who goes by that name in the XRP community, was the first to flag the RSI drop publicly. His initial chart showed the reading had fallen to 42.64 — itself a new all-time low at the time — as XRP slid to $1.18. Prices dropped further since then, pulling the RSI down to 41.62 at last check. The token is currently trading around $1.11. That puts it roughly 61% below its October 2025 high of $2.84, a decline that has stretched across several months without a meaningful recovery. XRP is the most oversold on the monthly time frame that it has EVER been. pic.twitter.com/xlKEQkK7tc — Austin (@Austin_XRPL) June 4, 2026 What History Suggests The 2020 episode offers a point of comparison, though it is only one. That year’s RSI bottom aligned with what turned out to be the price floor for XRP in that cycle. From that low, the token posted a string of higher lows before reaching $1.96 in April 2021. A later surge in November 2024 pushed it as high as $3.40, representing a gain of roughly 580% from the October lows of that year. The broader crypto market has also been under pressure this week. Bitcoin dropped toward the $63,000 mark after Strategy, the firm associated with Michael Saylor, confirmed it sold 32 BTC from its stash of more than 800,000 BTC. Total crypto market cap shed $330 billion in the span of a week. XRP’s Own Decline In Focus XRP’s market cap dropped from $82.5 billion at the start of this week to around $69 billion at the time of writing, a fall of roughly 15%. Reports note that the current price of $1.10 revisits levels last seen in early February. Related Reading: Bitcoin Faces Pressure As Investors Rotate Capital Into AI Buildout: Saylor RSI measures the speed and size of recent price changes, and a reading below 30 is traditionally considered oversold territory. XRP’s monthly reading at 41.64 sits above that threshold, though it represents a historically low level for the token specifically. Whether the June candle closes anywhere near its current RSI reading will determine whether the signal holds. Featured image from Pexels, chart from TradingView
The May payrolls beat was hawkish enough to pressure crypto, while government hiring and cooler yearly wage growth keep the second interpretation from being one-way.
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Apyx's apxUSD fell below its dollar reference on June 4 as Bitcoin traded near $63,000, putting DeFi dollar peg risk back in focus. A Bitget report said the token briefly touched $0.93 during the selloff. The report framed Apyx's response as a design point: apxUSD's reserve risk is largely borne by Strategy's STRC preferred stock, […]
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A Casascius coin tied to 25 BTC moved this week, converting a 2011 physical Bitcoin artifact into spendable BTC during a broader market selloff. Galaxy Research identified the item as an S1-COIN-25 Casascius physical Bitcoin, a large-denomination piece from the era when Bitcoin could still be handed across a table as a loaded coin. The […]
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Bitcoin’s relationship with the S&P 500 has stopped behaving like a simple correlation trade at exactly the wrong time for bulls. For much of 2026, the logic was clean enough. When oil jumped during the Iran war, yields rose amid inflation fears, stocks sold off, and Bitcoin followed, as the market treated BTC as a […]
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Bitcoin’s 200-week moving average, sitting at around $61,700, is the line the market is watching most closely right now. That level has marked the bottom of every major Bitcoin bear cycle going back to 2015, and it held again this week — at least for now. Related Reading: XRP Already Powers Real Banking Activity, Says Evernorth, With More Growth Expected A Classic Bottom Signal — Or Just A Pause? The selloff dragged Bitcoin down to around $61,300 before buyers pushed the price back up past $64,750, a recovery of more than 5%. Reports say the rebound came alongside news that Israel and Lebanon had agreed to a ceasefire, though the price action itself was already being shaped by a massive liquidation event. Over $740 million in BTC positions were wiped out in a 24-hour window, according to data from CoinGlass. Long traders took the bulk of the hit, with more than $623 million in bullish bets liquidated as the price fell. Bear Flag Still Looms Bitcoin’s weekly chart shows a bear flag breakdown still in progress. The pattern points to a potential drop into the $50,000–$52,000 range, and the setup has gained weight from rising trading volumes on the downside move. BTC has so far failed to reclaim the upper trend line of the flag. That failure keeps the bearish scenario technically intact, even after Thursday’s bounce. Some traders are reading the move differently. Analyst ZordXBT pointed to the long lower wick on Bitcoin’s candle as a sign that buyers came in hard near the lows. Trader RidaaXBT called for a short-term relief bounce toward the $69,000–$70,000 range, arguing that the liquidation wave may have cleared out enough near-term selling pressure to allow a recovery. $BTC Just like that, BTC dumped to the 61k level, which is most likely the local bottom for now. Expecting a relief bounce from here, with a potential move back toward the 69k–70k region. https://t.co/q5VGRG2Id1 pic.twitter.com/83U7H7Phog — Ridaa (@RidaaXBT) June 4, 2026 Not Everyone Is Convinced Not all market watchers are buying the optimism. Trader Hitman42.eth warned that bulls may be walking into a trap, suggesting the bounce could lure in new long positions before another leg down. everyone cheering this $3k bitcoin:native bounce is completely ignoring the graveyard they just walked over. $600m in longs just got vaporized in 60 minutes flat. we tapped $61k right above the february lows and bounced. catching a falling knife after a structural flush is… pic.twitter.com/5QpE8Vv8Rc — hitman42.eth (@ihitman42) June 4, 2026 The 200-week moving average remains the key dividing line. As long as BTC holds above $61,700, the bear flag breakdown is not confirmed. A convincing recovery from that level would put $70,000 back in play as the next meaningful price target. Related Reading: Ethereum Signals Strength As Citigroup Eyes $5.5 Trillion Tokenized Asset Boom Bitcoin has tested the 200-week average at major lows before — in 2018 and again during the March 2020 crash — and bounced sharply each time. Whether this week’s touch of that level marks a similar turning point, or just a brief pause before a deeper drop, remains an open question. Featured image from Gemini, chart from TradingView
Charles Hoskinson has announced that he is “taking a break” from the pressure around Cardano after an emotional plea to the community. His remarks, however, point to frustration rather than abandonment. It seems that the Cardano founder is openly questioning his remaining power over the network at a time when ADA holders are blaming him […]
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Mt. Gox moved more than $700 million worth of Bitcoin while the market was already under stress, giving traders a familiar reason to ask whether old bankruptcy coins are moving closer to new supply. The estate-linked wallets moved 10,422 BTC on June 2, worth roughly $739 million at the time of the transfer. Most of […]
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Bitcoin is back at a crossroads it has navigated multiple times in prior cycles, and this may be where the real test begins in this cycle. After weeks of trying to turn the low-$80,000s into a new recovery zone, BTC has returned to the $66,900-$68,000 area, the same band I have used through several recent […]
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Elon Musk’s SpaceX has turned one of the world’s largest artificial intelligence clusters into a commercial compute product, creating a new challenge for Bitcoin miners racing to recast themselves as AI infrastructure companies. Anthropic said it reached a deal to use the full computing power of SpaceX’s Colossus 1 facility in Memphis, Tennessee, giving the […]
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XRP has moved from a deleveraging panic to a fragile base-building phase, and the question of when the next all-time high will return hinges on catalysts that have yet to show up in price. The asset trades around $1.42 on CryptoSlate's live XRP page today, May 7, with a market value near $87.5 billion, roughly […]
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