Saylor Says Bitcoin Slide Is Capital Rotation as Strategy Loss Grows

Strategy’s Bitcoin holdings fell deep into paper-loss territory as BTC traded below the company’s average purchase price, renewing scrutiny of Michael Saylor’s Bitcoin treasury model. Strategy holds 843,706 Bitcoin (BTC) acquired at an average price of $75,699 per coin, with a total cost basis of $63.8 billion. However, the latest Bitcoin downturn sank the value…

FCA Warns Premier League Clubs Over Risky Crypto Sponsorships

Update (June 3, 1 pm, UTC): This article has been updated to include a comment from a spokesperson at BingX. The United Kingdom’s financial regulator has warned football clubs, including those in the Premier League, to avoid sponsorship deals with unauthorized financial companies amid concerns that fans are being pushed toward risky crypto and trading…

Crypto’s brutal week: Bitcoin (BTC), Ether (ETH) suffer worst weekly drop since FTX crash

Crypto investors endured one of their toughest week in years as a wave of selling wiped out hundreds of billions of dollars from digital asset markets. Bitcoin BTC$61,267.78 fell 17.3% this week while ether (ETH) dropped 22%, putting both assets on track for their largest weekly declines since November 2022, when the collapse of Sam…

Bitcoin Now Most Oversold Since 2020 Crash: Can BTC Recover to $70K Next?

Bitcoin (BTC) is now flashing its most oversold signal since the COVID-19 crash, raising the odds of a relief rebound toward $70,000 in the coming weeks. Key takeaways: Bitcoin’s daily RSI has dropped to around 15.5, its most oversold reading since the March 2020 COVID crash. Similar oversold RSI readings in 2020 and February 2026…

Crypto PAC-Supported Candidates Sweep US State Primaries after Media Buys

[Update (June 3 at 8:01 pm UTC): This article has been updated to include a response from Fairshake in the fourth paragraph.] Democratic and Republican candidates across California, New Jersey and South Dakota won their respective primaries on Tuesday after being the beneficiaries of supportive ads purchased by cryptocurrency industry-backed political action committees (PACs). On…

How low Will Bitcoin Price go if $60K Support Fails?

Bitcoin (BTC) is heading for its worst weekly performance since November 2022, down around 15% week-to-date as of Friday. BTC/USD weekly chart Source: TradingView BTC was trading near $62,500 after briefly dropping toward $61,000 earlier in the session. The roughly $1,500 rebound showed bulls are still trying to defend the psychologically important $60,000 support level….

Are retail traders selling bitcoin to buy Elon Musk’s SpaceX IPO?

Some online chatter seems to speculate that retail investors may be selling crypto to chase the biggest IPO ever. The Elon Musk-owned rockets, satellite and AI company SpaceX is selling up to 30% of its record $75 billion offering straight to retail investors through Robinhood, Fidelity and Charles Schwab, more than three times the slice…

Russia Targets British 17-Year-Old for Alleging Digital Assets were Circumventing Sanctions

Latest NewsPublishedJun 4, 2026 Political activist Bill Browder, the teenager’s father, said his son was “the first high school student in the world to be sanctioned by an authoritarian regime” over a report on the ruble-pegged stablecoin A7A5. Alexander Browder, the son of American-British political activist Bill Browder, said that he has been targeted by…

Bitcoin Sellers Face ‘Exhaustion’ as They try to Force BTC Below $60,000

Bitcoin (BTC) extended losses after Friday’s Wall Street open as traders prepared for a retest of $60,000. Key points: Bitcoin begins a battle to protect $60,000 support as sell-side pressure refuses to cool. Analysis sees early signals that “seller exhaustion” is here. US nonfarm payrolls data produce a stronger-than-expected picture of US labor market conditions….

Crypto Tax in Illinois FY2027 Budget is One Step Away from Becoming Law

Some digital asset industry advocates are pushing back against a provision in a $56 billion state budget passed by the Illinois General Assembly on Monday, due to its impact on crypto users.  In a Senate bill included as part of the Illinois state budget for the fiscal year 2027, lawmakers proposed a 0.2% tax on…