Bitcoin fell below $60,000 on June 5 for the first time since October 2024, extending a sell-off that has erased all gains made since US President Donald Trump’s election victory. The decline followed Strategy’s first Bitcoin sale since 2022,

Gromen said he sold most of his Bitcoin and has only "nibbled" back in, selling "closer to the top than what could be the bottom." ・Blaming poor market breadth and a liquidity drain led by AI stocks and oil,

Michael Saylor built Strategy Inc. around a straightforward idea: raise money to buy Bitcoin, then never sell it. Over time, that simple bet has turned far more complicated.

Strategy's sale of Bitcoin just disrupted its long streak of only purchasing it.

CoinShares data shows hedge funds sold 31,400 BTC in Q1 while banks doubled Bitcoin ETF positions, revealing a sharp institutional strategy divide.

About $600 billion. That’s how much has been erased from the global crypto market’s aggregate market value since May 10, dropping from a high of $2.7 trillion to $2.1 trillion as of Friday, according to CoinMarketCap. Bitcoin dominates the global crypto market, accounting for roughly 58% of its market value.

The next Bitcoin recovery could be coming sooner than anyone expects.

While U.S. stocks have kept notching record highs, bitcoin is sliding to its weakest level in months.

Amidst the crypto market crash, Standard Chartered sent a note to its client on June 4 in which the bank’s global head of digital assets research Geoffrey Kendrick doubled down on his bullish Bitcoin prediction for the end of 2026.