Strategy, the company formerly known as MicroStrategy, sold 32 BTC for about US$2.5 million at an average of roughly US$77,135 between May 26 and 31, its first Bitcoin sale since December 2022. The timing upended a Polymarket market on whether Strategy would sell BTC by May 31; the trade cleared before the deadline yet was […]
Bitcoin dropped about 3% in 24 hours to US$72,739 (AU$101,107) on May 28, hitting a six-week low of US$72,669 (AU$101,010) and sitting roughly 42% below its US$126,080 (AU$175,251) all-time high. Prediction market Myriad showed 27% odds that Bitcoin closes May below US$70,000, up about 240% in 24 hours; Polymarket’s equivalent market priced the same outcome […]
Sequans Communications has ended its Bitcoin treasury strategy and is returning focus to its IoT semiconductor operations. The company repaid all convertible debt using proceeds from Bitcoin sales and plans to gradually liquidate its remaining 658 BTC. Sequans accumulated more than 3,000 BTC during 2025, but falling prices and financial pressures led to a major […]
Bitcoin traded near US$76,900 after spot BTC ETFs recorded US$1.26 billion in weekly outflows. Combined Bitcoin and Ethereum ETF outflows reached nearly US$2.7 billion over two weeks, according to market summaries. XRP, Solana and HYPE-linked funds still drew inflows, pointing to rotation rather than a full institutional exit. Bitcoin (BTC) traded near US$76,900 (AU$106K) on […]
A New York lawsuit is seeking ownership of thousands of inactive Bitcoin wallets by arguing the assets qualify as abandoned property under state law. The dispute centres on 39,069 dormant Bitcoin addresses allegedly holding about 3.7 million BTC after a year-long effort to locate owners failed. Crypto industry figures and analysts say the case faces […]
Bitcoin traded near US$77,400 after recently dropping toward US$76,000 and triggering more than US$600 million in realised losses. Glassnode said spot accumulation has not returned, with negative spot CVD and weaker US institutional activity. Futures positioning and positive funding rates showed leveraged longs remained active while spot demand softened. Bitcoin (BTC) traded near US$77,400 (AU$107K) […]
Bitcoin failed to clear its 200-day moving average near US$82,400 after rebounding from about US$60,000. CryptoQuant said the same moving-average zone acted as major resistance during the 2022 bear market. Weak spot demand, lower futures momentum and bearish sentiment kept the rebound vulnerable to another pullback. CryptoQuant’s head of research Julio Moreno warned that Bitcoin […]
U.S. spot Bitcoin ETFs recorded US$648.6 million in net outflows, the largest single-day withdrawal since Jan. 29. Kaiko-linked data showed top-10 crypto spot volume averaged US$80 billion a week in 2026, less than half the 2025 average. Analysts flagged rising Bitcoin open interest, weaker ETF demand and slower on-chain capital inflows as pressure points. Bitcoin […]
Swan Bitcoin has been accused in a Delaware bankruptcy lawsuit of withdrawing major crypto holdings from Prime Trust before the custodian’s collapse. Court filings allege the company had access to confidential information about Prime Trust’s deteriorating financial position before bankruptcy proceedings began. The case centres on nearly US$1 billion in assets that creditors are seeking […]
