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Crypto

Bitcoin holds $60,000 but faces triple pressure from CLARITY Act, Strategy and XRP

Cryptocurrency markets sank into an “extreme fear” phase as bitcoin neared a break of the $60,000 support level. U.S. spot bitcoin ETFs logged 13 straight sessions of net outflows, with cumulative withdrawals of about $4.37 billion. Passage prospects for the U.S. CLARITY Act this year fell again amid Senate scheduling hurdles. XRP holders showed limited selling despite a 66 percent drop from its peak, while Ripple pushes RLUSD and institutional ecosystem expansion.

Crypto

Strategy holds 4% of bitcoin\'s total supply, even small sales jolt market

Strategy held 843,706 bitcoins as of June 7, keeping the largest bitcoin position among listed companies. The holdings equal about 4% of bitcoin’s 21 million maximum supply. The company has spent $63.87 billion on purchases at an average price of $75,701, with the portfolio valued at $53.09 billion, 16% below cost. Investors also focused on a sale of 32 bitcoins disclosed to the SEC.

Crypto

CryptoQuant founder says bitcoin avoided fall into $20,000 range thanks to Strategy and ETFs

Ju Ki-young (주기영), head of CryptoQuant, said bitcoin could still be trading around $22,000 without buying by Strategy and spot bitcoin exchange-traded funds. He said they absorbed 1.24 million BTC sold by long-term holders over the past two years, though another user said the figure was 2.74 million BTC. U.S. spot bitcoin ETFs posted 13 straight sessions of net outflows through June 3, while institutional holdings fell 17 percent from the prior quarter.