Bitcoin News
By Dan Saada
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Bitcoin's Price Under Serious Pressure. The support picture isn't clean right now. Bitcoin's trading range sits between $61,800 and…
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The SpaceX Filing's Odd Bitcoin Signal. Here's where it gets interesting. SpaceX's IPO filing disclosed that the company holds Bitcoin as…
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Bitcoin Hyper Gains Ground During the Dip. Amid all the selling, Bitcoin Hyper — ticker $HYPER — has been picking up attention.
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Bitcoin got hit hard. The price slid into the $61,800–$64,000 range, a 5%–6% drop inside 24 hours, as traders pulled money out of crypto and pointed it squarely at equity markets…
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The numbers behind the move are pretty striking. U.S. Bitcoin ETFs bled $2.43 billion in outflows during May alone. Then, before that dust had even settled, another $1.
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The support picture isn't clean right now. Bitcoin's trading range sits between $61,800 and $64,000, and if that floor cracks, the next real cushion is probably somewhere in the…
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There's more weight on the pile. Bitcoin treasury strategies have seen a $62 billion reduction recently, and that's hit retail sentiment hard.
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A decisive close below $61,500 would probably open the door to the high $50,000s. Traders are watching that level closely. It's not guaranteed, but it's not off the table either.
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That's a strange spot for Bitcoin to be in. Park called it a critical inflection point for Bitcoin, Ethereum, and XRP. Hard to disagree.
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See also: Bitcoin Eyes $40K Cycle Low as 125-Day Countdown Starts
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Ethereum is holding support somewhere in the $3,000 range. Not comfortable, but not broken. XRP is range-bound, watching for support between $0.40 and $0.50.
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Amid all the selling, Bitcoin Hyper — ticker $HYPER — has been picking up attention. It's a Bitcoin Layer 2 solution built with Solana Virtual Machine integration.
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The presale has raised over $32.8 million. Early participants can stake their tokens. That's not a small number for a presale, and it seems like some traders rotating out of spot…
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Whether Bitcoin Hyper delivers on that promise is unclear. Presale numbers are one thing. Execution is another.
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Read also: Bitcoin Hovers at $60,300 as Sellers Show Signs of Running Out of Steam
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