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Crypto

Funds shift to semiconductors, AI as bitcoin suffers worst week since February

Bitcoin is down 13 percent so far in June, heading for its worst week since February as key narratives weaken and money shifts to other assets. Bitcoin spot ETFs logged net outflows for 13 straight sessions through June 4, the longest on record, while total ETF assets fell to $82.8 billion from $107.8 billion on May 14. Strategy disclosed a small bitcoin sale, and long liquidations rose to $594 million over 24 hours.

Crypto

Bitcoin changes after BlackRock\'s IBIT, analyst says volatility falls and outperforms S&P 500

Bitcoin’s 60-day historical volatility is moving closer to the level seen in spot gold exchange-traded funds, an analysis showed. Eric Balchunas, BlackRock’s senior ETF analyst, said Bitcoin’s volatility and correlation with gold are converging quickly. Since BlackRock’s iShares Bitcoin Trust began operations, Bitcoin’s volatility has fallen and now exceeds the level of spot gold ETFs. He also said IBIT has outperformed stocks and has more than doubled SPY since BlackRock filed for a spot bitcoin ETF.

Crypto

Bitcoin tries to rebound on U.S.-Iran peace deal hopes; five key variables

Bitcoin is attempting to recover toward $77,000 after falling below $75,000, reviving talk of potential short liquidations up to $80,000. Some traders see the drop as a temporary liquidity sweep, while others warn weak spot demand and renewed leverage could trigger more liquidations. Key factors this week include expectations of a U.S.-Iran peace deal, U.S. risk-asset strength, upcoming April PCE inflation data and Fed policy signals, rising exchange inflows to Binance, and weakening U.S. institutional demand shown by ETF outflows.