BTC sees a relief bounce as Asian stocks wilt following sharp losses on Wall Street.
A liquidation flush took bitcoin to its lowest since early June before Micron's blowout earnings and SK Hynix's U.S. listing plans steadied the AI trade that crypto had been sliding alongside.
Trading firm Wintermute's options desk puts bitcoin in a $61,242 to $63,563 range for Tuesday, with correlation rising across tokens and no fresh ETF bid in sight.
After nearly two years of declines, alts have run out of sellers and steadied, while bitcoin has dropped hard, sliding back toward $63,600.
Eased ETF selling and improving risk appetite are being offset by a firmer dollar and cautious institutional flows, leaving bitcoin range-bound, one analyst said.
About 20% of miners are now unprofitable, and publicly traded miners sold more than 32,000 bitcoin in the first quarter to cover operating costs, more than they offloaded in all of 2025.
Total market value has held flat near $2.26 trillion since Tuesday, with the recovery losing momentum after the Fed killed rate-cut hopes and spot ETFs swung back to outflows.
Bitcoin's Sharpe ratio hit a level that has marked every cycle low since 2015, but in each case it preceded months of basing rather than an immediate rebound.
Ether, XRP, Solana and Hyperliquid funds all took in money, but bitcoin's outflow was really just Grayscale's GBTC.
Crypto firmed across the board on the largest listing in history, but the token most tied to Elon Musk traded right in line with the market.
May CPI ran hot on energy and cooler underneath, lifting majors on Thursday, though ether and the large alts are still down 6% to 8% over seven days.
Anthropic's IPO pipeline, not its new model, is what crypto traders should track.
Crypto prices rose on Monday following last week's crash, but the bears still appear to be in control.
Stocks recovered through SpaceX's oversubscribed IPO, an Nvidia and SK Hynix chip pact, and Apple's AI reboot, while crypto trailed.
Meanwhile, Strive bought 32 bitcoin, the same number Strategy dumped last week.
BTC, ETH, XRP and others pulled back from their overnight highs as Iran-Israel tensions and oil rally triggered risk aversion in Asian stocks.
Zcash plummeted 40% after Shielded Labs revealed a major bug that went undetected for 4 years.
AI bets are recording rapid profit-taking as Broadcom as outlook for AI-chip sales fell short of high expectations, driving down crypto markets.
Analysts and market observers are saying bitcoin's crash is happening due to traders chasing momentum and rotating out of crypto and into high-flying IPOs and AI stocks.
One novel theory floating around social media says it's Iranian sanctions, not Strategy sales, that's behind this week's price crash.
Google overnight set an $80 billion capital raise, including $10 billion from Berkshire Hathaway, reflecting the continuing flood of money headed into AI (and not crypto).
Crypto markets continue to struggle even as risk markets across the globe surge higher.
Crypto remains left out of the historic global market rally.
Memory chip stocks are attracting capital and attention as crypto markets settle into apathy.
Oil prices and bond yields have opened the week sharply lower following President Trump's weekend announcement of an imminent Middle East agreement.
Kevin Warsh is set to be sworn as Fed chairman in a White House ceremony on Friday morning.
Hyperliquid's HYPE is the outlier in crypto, rising 16.5% over the past 24 hours to a new record high.
Bitcoin is lower by more than 4% over the past week, but has remained in a very tight range around $77,000 for the last three days.