Invest ideasNews
3 Jun 2026, 06:25
Bitcoin’s Break With Tech Widens After Strategy’s Sale Feeds Rout
Bitcoin’s selloff extended into Wednesday after Strategy Inc.’s sale of a tiny portion of its massive cryptocurrency stockpile rattled sentiment and widened the token’s divergence from record-setting technology shares.
3 Jun 2026, 06:23
Here’s why the crypto market is crashing and liquidations are rising
The crypto market is crashing today, with Bitcoin and most altcoins remaining in a bear market. After rising to $82,000 in May, Bitcoin price crashed to $66,000 on Wednesday. Ethereum remains below $2,000, while the market capitalization of all tokens fell by 4.2% to $2.3 trillion. This article explores the top reasons behind the crypto crash and the surge in liquidations. Crypto market crashing amid the ongoing AI boom The main reason why the crypto market is going down is that investors have turned to the stock market amid the ongoing artificial intelligence boom in the United States. Some crypto investors have seen the performance of the stock market and decided to move there. Besides, while Bitcoin is down for the year, top AI stocks like Sandisk, Micron, Intel, and Seagate have jumped by triple digits. Similarly, the Nasdaq 100 Index has already jumped by 20% this year, while the S&P 500 Index is up by 10%. Other top AI-focused ETFs are doing well, with the newly launched DRAM more than doubling. A good example of all this is the performance of exchange-traded funds (ETFs). Data shows that stocks ETFs have added billions of dollars this year, with Vanguard’s VOO nearing the $1 trillion AUM mark. DRAM, which was launched in April, has gained over $15 billion assets. In contrast, the biggest crypto ETFs have shed substantial assets this year. Bitcoin ETFs have shed over $3 billion in assets since the second week of May this year. Ethereum funds have had outflows in all months other than April this year, losing over $1 billion in assets. To be clear: while the crypto market crash has deepened this year, AI coins have soared. The most notable ones are coins like Humanity Protocol, Worldcoin, Venice Token, and Near Protocol. Technicals have contributed to the crypto crash The first point is the most important one in terms of the ongoing crypto market weakness this year. The other main reason is technicals, which have had a role to play. For example, the daily chart below shows that the Bitcoin price formed a rising wedge pattern. This pattern is made up of two ascending and converging trendlines. A bearish breakout normally happens when the two lines are nearing their convergence. Bitcoin price chart | Source: TradingView Ethereum also formed a similar pattern earlier this year, which also explains why it has retreated sharply. In most cases, Ethereum and Bitcoin are usually the most important drivers of activity in the crypto industry. Most altcoins normally drop when Bitcoin is in a steep freefall. Michael Saylor’s Strategy sold Bitcoin The other main reason behind the current phase of the crypto market crash is that Strategy, the biggest treasury company in the world, sold Bitcoin last week. After years of accumulation, the company dumped Bitcoin worth about $2.5 million last week. It is unclear why the company did that though the management has telegraphed it for months. At the same time, crypto treasury companies have largely stopped buying. Only a handful of them have bought Bitcoin and other coins this year. As the prices continues to underperform, chances are that some of these companies will start selling. The other key reason behind the crypto market crash is that the impact of the October 10 liquidation event remains. Over 1.6 million traders were liquidated positions worth over $20 billion on that day, The post Here’s why the crypto market is crashing and liquidations are rising appeared first on Invezz
3 Jun 2026, 06:23
Prediction market traders bet bitcoin's selloff has further to run
Markets now imply a 66% chance bitcoin falls below $55,000 and a coin-flip chance of sub-$50,000 prices before year-end.
3 Jun 2026, 06:22
Us sanctions Iran’s Nobitex for handling over 50 percent crypto
🚨 US blacklists Nobitex for processing over 50 percent of Iran’s crypto flow. 🪙 Four Iran-based crypto exchanges now face tough restrictions in $BTC transactions. 📉 Washington intensifies moves targeting Tehran’s crypto sector amid growing scrutiny. Continue Reading: Us sanctions Iran’s Nobitex for handling over 50 percent crypto The post Us sanctions Iran’s Nobitex for handling over 50 percent crypto appeared first on COINTURK NEWS .
3 Jun 2026, 06:18
Bitcoin falls below $66K as US and Iran launch new strikes
Bitcoin saw its largest daily drop since early February on Tuesday as the cryptocurrency shed more than $4,500 in a single day.
3 Jun 2026, 06:05
BitForex Founder Moved $1.35 Billion in ETH to Binance Just Before Price Plunge
BitcoinWorld BitForex Founder Moved $1.35 Billion in ETH to Binance Just Before Price Plunge Garrett Jin, the founder of the now-defunct cryptocurrency exchange BitForex, deposited a massive 577,717 Ether (ETH) — valued at approximately $1.35 billion — to Binance between May 6 and May 10, according to blockchain analytics firm Lookonchain. The deposit occurred while ETH was trading at a short-term peak of $2,337. Since then, the price of Ethereum has dropped roughly 20%, raising questions about the timing and intent behind the transfer. On-Chain Evidence Points to Coordinated Sell Pressure Lookonchain’s report, based on publicly verifiable on-chain data, shows that the funds were moved in multiple transactions over a five-day window. The deposits coincided with a local price top for Ethereum, which has since declined to around $1,870 at the time of writing. The transfer represents one of the largest single-entity movements of ETH to a centralized exchange in recent months, and it has drawn scrutiny from the crypto community and regulators alike. BitForex collapsed in early 2023 after allegations of fraud, mismanagement, and the disappearance of user funds. The exchange, once ranked among the top 20 by trading volume, abruptly halted withdrawals, leaving thousands of users unable to access their assets. Garrett Jin has been at the center of investigations by multiple authorities, including the FBI and South Korean financial regulators. Implications for Market Stability and Investor Trust The timing of the deposit — just before a significant market correction — has led to speculation that Jin may have been attempting to liquidate a portion of his holdings at a favorable price. While the transfer itself does not prove market manipulation, it adds to the narrative of insiders capitalizing on market conditions at the expense of retail investors. This event also highlights the ongoing challenge of tracking and recovering funds from collapsed crypto platforms. Despite the transparency of blockchain ledgers, the movement of stolen or misappropriated assets remains a persistent issue, often complicating efforts by law enforcement to freeze or recover funds. What This Means for the Broader Crypto Market The deposit underscores the vulnerability of the crypto ecosystem to large, unannounced transfers by individuals with a history of fraudulent activity. For Ethereum, the influx of such a large amount to a major exchange like Binance could signal potential sell pressure, although it remains unclear whether Jin has sold any of the deposited ETH. Binance has not publicly commented on the transaction. For investors, the incident serves as a reminder of the risks associated with centralized exchanges that lack transparent governance and regulatory oversight. It also reinforces the importance of on-chain monitoring tools in identifying suspicious activity before it impacts the broader market. Conclusion The transfer of $1.35 billion in ETH by BitForex founder Garrett Jin to Binance at a market peak, followed by a 20% price decline, raises serious questions about market integrity and the aftermath of exchange failures. While the full implications are still unfolding, the event is a stark illustration of how the ghosts of collapsed crypto platforms continue to influence the market. Regulators and investors alike will be watching closely for any further movements from Jin’s wallets. FAQs Q1: Who is Garrett Jin? Garrett Jin is the founder of BitForex, a cryptocurrency exchange that collapsed in 2023 amid allegations of fraud and mismanagement. He is currently under investigation by multiple law enforcement agencies. Q2: Why is the transfer of ETH to Binance significant? The transfer of 577,717 ETH, worth $1.35 billion at the time, is one of the largest single-entity deposits to a centralized exchange this year. Its timing at a short-term price peak, followed by a 20% drop, has raised suspicions of coordinated selling or market timing. Q3: Can the deposited ETH be frozen or recovered? While Binance has the technical ability to freeze assets, it is unclear whether any legal requests have been made. The recovery of funds from collapsed exchanges like BitForex remains a complex legal process, often requiring cooperation between international authorities and the exchange. This post BitForex Founder Moved $1.35 Billion in ETH to Binance Just Before Price Plunge first appeared on BitcoinWorld .
