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Crypto

Bitcoin slides in downturn as retail investors opt for spot buying and long bets

Bitcoin slipped to around $72,000 and tested the lower end of its monthly trading range amid selling across spot, futures and spot bitcoin ETF markets, Cointelegraph reported. Some indicators, however, showed demand for dip-buying. Retail investors increased spot purchases and expanded long positions, with a retail futures metric topping 64 percent. The report cited ETF outflows, renewed U.S.-Iran military clashes, inflation worries and uncertainty over the Senate passage of the Clarity bill.

Crypto

Bitcoin slumps after large sale of BlackRock spot bitcoin ETF shares spotted in dark pool

Bitcoin fell sharply shortly after a large dark-pool sale of BlackRock\'s spot bitcoin ETF shares, Cointelegraph reported. An unidentified trader sold 29.2 million shares of iShares Bitcoin Trust (IBIT) in a single block, a transaction worth about $1.3 billion. Bitcoin dropped from $77,875 to $76,720 in about 10 minutes and later slid to $75,600 over 24 hours. U.S. spot bitcoin ETFs extended a streak of net outflows to eight sessions.

Crypto

KOSPI at 8,400 raises question of when bitcoin will rise as Ethereum foundation infighting spreads

South Korea\'s KOSPI has broken above 8,400 for the first time and is up 100 percent this year, led by a semiconductor rally and inflows into leveraged chip ETFs. By contrast, domestic crypto trading value has fallen about 80 percent and the so-called kimchi premium has turned negative. Attention is also on the U.S. Clarity bill, a proposed federal bitcoin reserve law, and debate inside the Ethereum Foundation over priorities and governance.