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Crypto

Bitcoin fails to reclaim $64,000; focus on selling pressure and futures market

Bitcoin tried to recover the $64,000 level, but the market remains cautious about the durability of the rebound. It rose as high as $64,522 on June 21 before pulling back and turning down 0.5 percent on the day. Some traders called the rise “very suspicious” amid rising geopolitical tensions, while others warned a weekly high could form early. Analysts also pointed to a gap between spot and derivatives markets and to selling pressure on Binance.

Crypto

Middle East ceasefire, institutional buying, Coinbase CEO optimism lift bitcoin

Bitcoin rebounded after slipping to the low $60,000s, recovering the $66,000 level as easing Middle East geopolitical risks and steady buying by institutional investors improved market sentiment. Bitcoin Magazine reported it climbed to $65,844, a roughly two-week high, and traded around $66,500. Strategy and Strive added to holdings. Coinbase CEO Brian Armstrong said he felt current levels could be a bottom, while noting uncertainty.

Crypto

Bitcoin slides to $62,000; Middle East situation and ETF flows in focus

Bitcoin fell to the $62,000 level this week as worsening U.S.-Iran relations coincided with selling pressure from institutions. A weekly report by a Bitbank market analyst cited rising geopolitical uncertainty after Iran halted nuclear talks with the United States, stronger-than-expected U.S. labour indicators that lifted rate-hike pressure, and news that Strategy sold part of its bitcoin holdings. U.S. spot bitcoin ETFs also posted 14 straight sessions of net outflows through June 3, before turning to a small inflow on June 4.