Bitcoin Drops to $77K as Spot ETF Outflows Erase May Gains
BTC dominance still holds at 58.2% and the Fear & Greed Index is pinned at 25 — the flow picture, not the spot price, is what has institutional desks cutting exposure.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
BTC dominance still holds at 58.2% and the Fear & Greed Index is pinned at 25 — the flow picture, not the spot price, is what has institutional desks cutting exposure.
The headline number is bad, but the break in the pattern is worse: a six-week inflow streak is gone, and IBIT alone gave back $448M as Treasuries made the risk-free trade look cheaper than spot BTC…
2.9K $BTC (≈223M) moved from unknown wallet to unknown new wallet.
A sub-week $5K drop in $BTC is the trigger, not the story — the data backdrop the seed is flagging is the one that would extend the move into a deeper leg.
The treasury vehicle behind the Trump-linked crypto project filed an SEC going-concern warning — a rare disclosure that puts the issuer's runway directly in front of investors.
Back-to-back daily ETF outflows in the hundreds of millions on the bitcoin side, paired with a sixth straight day of net selling in ether products, put a floor under the bearish tape and reset the…
Bitwise has announced it will hold $HYPE — the native token of Hyperliquid — directly on its corporate balance sheet…
The bill drops Aug. 1 and rides a multi-state trend — New York, Wyoming, and Virginia already let regulated banks hold client crypto, and Minnesota adds asset segregation plus 60-day pre-launch…
The 200-day has rejected BTC in every prior midterm bear year except 2014 — and the average drawdown from the January open across those years points to roughly $51K–$52K by summer.
Echo, a BTCFi protocol building around an eBTC market on the Monad blockchain, has been exploited according to onchain…
The size and speed matter: a single wallet stacking perp longs across the three majors inside three hours, with rest-and-add limit orders already live — that is positioning for continuation, not a…
Longs absorbed $510M of an hour-long cascade as Bitcoin gave up the $80K handle, with Strategy still adding 24,869 BTC and US 30-year yields hitting 5.16% — their highest since October 2023.
The innovation exemption would let traditional institutions experiment with blockchain rails without a full registration drag — a quiet but structural opening of US equities to onchain settlement, on…
The Bitcoin network has crossed a notable threshold: exactly 100,000 blocks remain until the next halving event, which…
The MicroStrategy founder's pitch reframes treasury accumulation as perpetual infrastructure for the Bitcoin network — and signals continued capital deployment regardless of price action.
The prison term is the headline, but the DOJ's own filing shows Giri kept raising from new investors after his guilty plea — the pattern regulators warn about as FBI-cited crypto fraud losses crossed…
The state-level green light lets chartered banks and credit unions hold Bitcoin and other digital assets for clients, putting Minnesota among the earliest US states to formalize the service.
Failed push above $82K gave way to a macro-led test of the $78K floor — and with one level left before $75K, derivatives traders are paying up for downside protection.
The card turns $DOGE into a tap-to-pay instrument across Revolut's 60M+ user base — a real-world spend rail for a token most issuers still treat as a meme.
961 $BTC (≈73.6M) moved from Coinbase Institutional to unknown new wallet.
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
Most recent Bitcoin coverage: "Bitcoin Drops to $77K as Spot ETF Outflows Erase May Gains" — read at /en-US/a/bitcoin-erases-may-gains-near-77k-as-etf-outflows-and.