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Bitcoin's 14% weekly drop deepens pressure on DAT firms as premiums fade and survival moves accelerate.

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.

Bitcoin has now fallen more than 50% from its October peak, dipping below $60,000 as the crypto industry reckons with the Zcash vulnerability.

By Amanda Cooper LONDON, June 5 (Reuters) - Bitcoin is heading for its worst performance for this point in the year in at least a decade, as booming AI stocks and a series of glittering upcoming new

Michael Saylor splits Bitcoin into four ideological camps as Strategy defends its recent BTC sale against vocal critics.

Strategy strengthens liquidity with $2.25B in reserves, lower leverage and rapid STRC growth, supporting long-term balance-sheet stability.

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

Strategy's 843,706 BTC position is sitting on an $11.2 billion unrealized loss as Bitcoin trades near $62,560, well below the company's $75,699 average cost ...

Strategy Sale Shakes Confidence In Hold Forever Narrative

Standard Chartered remains bullish despite Bitcoin's price falling below $61,500. It comes as Strategy's unrealized losses have reached a record $10.8 billion. Market divided over ...

Investors are slamming the brakes on the AI rally, dragging down shares in Broadcom, AMD, and Nvidia.

Editor’s note: The story has been updated to correct the amount being raised. Strategy Inc. CEO Phong Le said on Wednesday that financial tools popularized by the firm were employed in Google parent Alphabet Inc.’s proposed capital raise. CEO Sees...

Bitcoin's slide is showing no signs of abating. The cryptocurrency is falling again this morning, touching a low of $61,343.67, before recovering slightly. That marked its lowest intraday level since early February.

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.

The June 2026 crypto rout just erased $62 billion in combined market capitalization from public companies holding Bitcoin as a treasury asset. MicroStrategy, Tesla, and Marathon Digital are leading the damage. The question that matters now is not whether the losses are recoverable; it is whether the entire structural model ...

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 ...

↘️ Lululemon Athletica (LULU): The athleisure company cut its outlook for the year, citing challenges including a spike in negative commentary around the brand and a lackluster response to new products.

DEXE, Ethena, LayerZero, Litentry, and Worldcoin drew their most new wallets in months as the crypto market sold off.

(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

(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

(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

The price of Bitcoin (BTC) has crashed 15% this month since Michael Saylor's Bitcoin treasury company Strategy (Nasdaq: MSTR) announced on June 1 that it had sold 32 BTC the previous week. Though Saylor had dropped a hint regarding its possibility last month, the announcement shook ...

American businessman and social media personality Dave Portnoy is well-known for his honest takes on the crypto market and he doesn't hesitate to share his views even when he is sitting on a multimillion-dollar loss. The Barstool Sports founder posted a confessional video on X on June 4 in which he ...

Billionaire investor Mark Cuban says he does not believe Bitcoin is going "to zero" despite disclosing that he has sold all his coins. "I’m not saying it goes to zero," Cuban said on May 22 on X. "I’m saying [its]...

Jim Cramer hinted Michael Saylor "murdered Bitcoin" as MicroStrategy navigates heavy FUD across MSTR and STRC at once.

(Bloomberg) -- Bitcoin posted its longest losing streak since August, weighed down by liquidations of bullish bets and this week’s rare sale of tokens by the dominant corporate buyer. Most Read from BloombergGlazer Family Members Study Manchester United Stake SaleRepublican-Led House Votes to Stop Iran War, Rebuking TrumpTrump Begins Rebuilding His Tariff Wall, Citing Forced LaborDow Average Hits Peak as Old-School Stocks Beat AI: Markets WrapBroadcom Slides by Most in More Than a Year on AI Out

Bitcoin (BTC) was trading only slightly below $74,000 on June 1 before Michael Saylor's leading BTC treasury company Strategy (Nasdaq: MSTR) announced the sale of 32 BTC once the trading opened Monday. Following the announcement, Bitcoin began to crash violently and was currently trading below ...

MicroStrategy's STRC slipped below $95, adding pressure on Bitcoin as the crypto sell-off deepens to $62,000.

Michael Saylor says the ongoing decline in Bitcoin’s (CRYPTO: $BTC) price is due to capital rotatio...

On June 1, Strategy (NASDAQ: MSTR), formerly MicroStrategy, announced the sale of 32 Bitcoin (BTC) that it conducted last week. With 843,706 BTC on its balance sheet, the company is still the largest Bitcoin treasury company. But this instance was its first Bitcoin sale in years, sending ...