Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, stated that Strategy’s recent Bitcoin sale may signal the beginning of a new period of Ethereum strengthening relative to Bitcoin.
As investors’ expectations for a new short-term bullish trend in Bitcoin continue to weaken, the leading cryptocurrency BTC intensified negative market sentiment with its sharp decline over the past 24 hours.
After Bitcoin (BTC) surpassed the $82,000 mark during the first week of May, it once again entered a downward trend. As Bitcoin continues to trade below the $70,000 level, investors are questioning whether the local low of $60,000, recorded in February, will be tested again.
The leading cryptocurrency, Bitcoin ($BTC), has fallen below $70,000 following a downward trend over recent weeks and yesterday's sell-off by institutional investors. As BTC dropped below $70,000 for the first time since April, the percentage of investors holding their coins at a loss also increased.
Bitcoin's price fell to its lowest level in two months as selling pressure accelerated and technical analysis highlighted a significant trend line — the 200-week Exponential Moving Average (EMA). According to TradingView data, Bitcoin dropped to $68,771 on the Bitstamp exchange.
The price of Toncoin ($TON) surged after Pavel Durov announced plans to rename the blockchain's native cryptocurrency to Gram. Over the past 24 hours, the token climbed from $1.89 to $2.26, gaining 19.5%.
The native token of Hyperliquid (HYPE) surged above $75 for the first time, extending one of the strongest rallies in the crypto market this year.
On May 29, 2026, CME Group officially introduced continuous trading for crypto futures and options. During the first weekend, market participants executed more than 7,200 crypto futures and options contracts with a total notional value of about $50 million.
Bitcoin dropped below the $70,000 mark for the first time in nearly two months amid concerns surrounding the conflict between the United States and Iran, as well as a rare Bitcoin sale by Strategy, according to Bloomberg.
Grayscale may soon launch a new exchange-traded fund (ETF) in the United States linked to the Hyperliquid ($HYPE) token. This possibility emerged after recent updates to the company's registration documents, which caught the attention of Bloomberg ETF analyst James Seyffart.
Binance, one of the world's largest cryptocurrency exchanges, has announced the removal of several trading pairs from its platform to protect users and maintain market quality. According to the exchange, the decision was made following routine reviews that considered factors such as low liquidity and insufficient trading volume.
Anthropic filed a draft S-1 registration statement with the U.S. Securities and Exchange Commission on June 1, 2026, marking the company's first official step toward a public listing. The exact number of shares and pricing range have not yet been determined. The final decision to proceed with the IPO will depend on market conditions.
The cryptocurrency market started the week under strong selling pressure, with Bitcoin ($BTC) falling toward the $70,000 level. Analysts say that the decline has been driven by escalating tensions between the United States and Iran, as well as Bitcoin sales by institutional investors, including Strategy.
Bitcoin dropped to a two-month low on Tuesday, extending recent losses after the largest corporate cryptocurrency holder, Strategy, sold part of its Bitcoin holdings for the first time in nearly four years.
Bitcoin dropped to a seven-week low as hopes for a ceasefire agreement between the United States and Iran began to fade, while oil prices surged sharply higher.
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