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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
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.
(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
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 ...
(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 ...
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 ...
Bitcoin's decline, which began after the Oct. 10, 2025 flash crash, entered a more volatile phase this week after Strategy (Nasdaq: MSTR), the world's largest corporate holder of Bitcoin, revealed it sold Bitcoin last week for the first time in years. U.S. spot Bitcoin ETFs had already recorded net ...
Strategy founder Michael Saylor probably isn’t having that much fun right now. His company’s shares are down 18% this week after his crypto-hoarding firm said it had offloaded a portion of its bitcoin stash for the first time since late 2022.
Geoffrey Kendrick, one of the most vocal crypto advocates, is sticking with his call for bitcoin to hit $100,000 by the end of the year despite a "painful" week, with the global head of digital assets research at Standard Chartered pointing to resilient long-term demand. The biggest crypto token has tumbled more than 15% since Monday, when Michael Saylor's Strategy, the largest corporate holder of bitcoin, disclosed that it had sold some of the holdings for the first time since 2022. "The timing of the sale was a shame," Kendrick wrote in a note to clients.
Investing.com -- Bitcoin dropped to its lowest level in nearly four months Thursday, weighed down by a combination of geopolitical anxiety, persistent institutional selling, and Strategy’s first Bitcoin sale in years.
Investors will monitor initial jobless claims and the Challenger job-cuts report before turning their attention to Friday's nonfarm payrolls release.
The digital token fell for a fourth straight day after a sale by one of bitcoin’s biggest cheerleaders.
The digital assets market, which had already been struggling for months now, is now witnessing a bloodbath after Michael Saylor's Bitcoin (BTC) treasury firm Strategy (Nasdaq: MSTR) announced the sale of 32 BTC. The total cryptocurrency market cap has declined from $2.57 trillion on the ...
The fallout from Saylor’s first Bitcoin sale in years keeps spreading, while Bernie Sanders and Elizabeth Warren want crypto out of your 401(k).
(Bloomberg) -- Bitcoin’s selloff extended into Wednesday after Strategy Inc.’s sale of a tiny portion of its massive cryptocurrency stockpile rattled sentiment and widened the token’s divergence from record-setting technology shares.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableTrump to Get Audit Immunity as $1.8 Billion Fund in DoubtTrump Begins Rebuilding His Tariff Wall Citing Forced LaborCanada Dips Into Technical Recession for First Time Since 2020T
Bitcoin's sell-off deepened on June 2, falling below $67,000 and dropping roughly 13% over the previous seven days, per TradingView. The slide followed Strategy's first Bitcoin sale in years, a long run of outflows from U.S. spot Bitcoin ETFs, and the movement of roughly $739 million worth of ...
Google is seeking $80 billion to further its AI efforts, and Polymarket traders are in a tizzy over an outcome regarding Strategy’s bitcoin sale.
Tesla bull Ross Gerber just took a sharp swing at Bitcoin (BTC). This comes at a time when "king crypto" has slipped below its $70,000 mark for the first time since April, while its rival, gold, continues to hold the fort in green. Gerber is the co-founder and CEO of Gerber Kawasaki Wealth ...
Mizuho lowered the price target while maintaining an Outperform rating on the Strategy (Nasdaq: MSTR), née MicroStrategy, stock, Investing.com reported on June 1. The brokerage firm said the Bitcoin (BTC) treasury company holds reserves worth around $2 billion to cover ...
Anthropic has filed for an IPO and Strategy finally sold bitcoin for the first time since 2022.
Bitcoin dropped to its lowest level in nearly two months.
Michael Saylor, the founder of Strategy, has spent years urging his social-media followers to never sell bitcoin. “Sell a kidney if you must, but keep the bitcoin,” he urged early last year. Now his bitcoin-hoarding firm has decided to sell some of its holdings to stay solvent.
Find insight on Blackstone, Australian banks and more in the latest Market Talks covering Financial Services.
(Bloomberg) -- Bitcoin dipped below $70,000 for the first time in almost two months, as concerns about the conflict in Iran and selling by major holder Strategy Inc. dented investor appetite.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedAndrew Left Found Guilty in Case That Spoo
Anthropic has filed for an IPO and Strategy finally sold bitcoin for the first time since 2022.
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