BTC-USD Breaks Below USD 73,000 During a Record 10-Day Spot ETF Outflow Streak of USD 3B

Scott Bessent said that the Treasury Department was “proceeding with all deliberate speed” on Donald Trump’s 2025 executive order to establish a strategic Bitcoin reserve and digital asset stockpile.

May ISM services index 54.5 vs 53.8 expected US May ADP employment data +122K vs +117K expected Iran foreign minister: Contact with the US has not been severed but no progress made Iran targeted a US military ship in the Gulf of Oman - report Fed's Beige Book continues to see slight-to-moderate US growth Geopolitical news: China, Iran, NATO, and chip shortage US EIA weekly crude oil inventories -7974K vs -4007K expected Netanyahu: Lebanon has been taken over by Hezbollah Fed's Williams: I'm not that worried about persistent impacts on inflation so far US factory orders for April 4.8% versus 4.6% estimate May US S&P Global services PMI 50.7 vs 50.9 prelim Canada Q1 labour productivity falls 0.5% Markets: Gold down $41 to $4444 US 10-yuear yields up 3.4 bps to 4.49% WTI crude oil up $2.27 to $96.03 S&P 500 down 0.6% Nasdaq Comp down 0.8% USD leads, NZD lags The dollar moves were substantial on Wednesday in a worrisome sign of geopolitical risk as oil rose another 2.5%. The reports of an imminent deal between the US and Iran have dried up and there's a sense we are at a turning point in the war as patience wears thin. In particular focus is USD/JPY as it rose above 160.00 and into the range where Japan will be tempted to intervene. Elsewhere, oil prices chopped around and hit $97 before fading to $94.40 and then rising back to $96.17.The bond market has started to notice rising oil as yields ticked higher. Outside of Iran-driven news, the AI trade showed a bit less resilience than usual. There were some attempts to drag stock markets higher but it was Nvidia that struggled, falling 3.6% in a continuation of yesterday's reversal. We also saw a big swing lower in software stocks, where were a main catalyst in the May rally. The IGV software ETF was down 4.3%. Alphabet shares also fell to the lowest since April in a 0.8% decline in the fourth day of losses; Microsoft was down 3.2%. On the flipside, Meta was up 4.2% on upgrades. The meme-like rally in MRVL after Jensen

Bitmine possiede il 4,49% dell'offerta totale di ETH pari a 120,7 milioni Bitmine ha raggiunto il 90% dell'obiettivo "Alchemy of 5%" in soli 11 mesi Ethereum continua a beneficiare del duplice vento favorevole della tokenizzazione di Wall Street sulla blockchain e della crescente...

Bitcoin is at risk of a drop below $65,000, but buyers are expected to mount a strong defense as the price nears the crucial $60,000 level.

Hyperliquid's market capitalization has climbed to over $16 billion, but still well behind Solana's $42 billion.

Shares of Tom Lee's Ethereum treasury firm hit their lowest level since the company's crypto pivot as ETH revisits the February lows.

Physical Casascius coins were minted 15 years ago in the early days of Bitcoin—and the BTC held within is worth a whole lot more today.

Bitcoin's recent weakness reflects a broader rotation into AI, IPOs and other momentum trades rather than concerns about Michael Saylor's bitcoin sales, according to Charles Schwab's Jim Ferraioli.