At approximately 10:00 PM EDT, Bitcoin price was changing hands at $61,463.22
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The catalyst that many analysts believe broke the market’s will was a Monday SEC filing from Strategy revealing that the firm sold 32 Bitcoin between May 26 and May 31, generating approximately $2.5 million at an average price of $77,135 per coin.
Key facts
At approximately 10:00 PM EDT, Bitcoin price was changing hands at $61,463.22, down from a 24-hour high of $67,416.50 and dangerously close to the psychologically critical $60,000 floor
The catalyst that many analysts believe broke the market’s will was a Monday SEC filing from Strategy revealing that the firm sold 32 Bitcoin between May 26 and May 31, generating approximately $2.5
U.S. spot Bitcoin ETFs recorded an 11-to-12 consecutive day streak of net outflows, the longest run since the products launched, with total withdrawals reaching approximately $3.45 billion
Bitcoin price has tumbled to its lowest level in months Wednesday night, crashing below $62,000 and wiping out a sharp intraday loss of more than $5,300
Summary
Bitcoin price has tumbled to its lowest level in months Wednesday night, crashing below $62,000 and wiping out a sharp intraday loss of more than $5,300. Bitcoin price has tumbled to its lowest level in months Wednesday night, crashing below $62,000 and wiping out a sharp intraday loss of more than $5,300, a decline of nearly 8% in 24 hours, as a perfect storm of institutional exodus, leverage liquidations, geopolitical fear, and a symbolic but jarring sale by Michael Saylor’s Strategy converged to shatter market confidence. At approximately 10:00 PM EDT, Bitcoin price was changing hands at $61,463.22, down from a 24-hour high of $67,416.50 and dangerously close to the psychologically critical $60,000 floor.