
Corporate Bitcoin Buying Stalls, Adding to Market Demand Concerns
Beyond Bitcoin ETF outflows, a significant slowdown in corporate acquisition of BTC is further dampening overall market demand for the leading cryptocurrency.

Beyond Bitcoin ETF outflows, a significant slowdown in corporate acquisition of BTC is further dampening overall market demand for the leading cryptocurrency.

All twenty major digital assets tracked by the CoinDesk 20 index experienced price declines, signaling a widespread bearish sentiment across the crypto market.

Analysts are closely watching Bitcoin's critical $60,000 support level, with potential downside targets ranging from $50,000 to as low as $33,000 if it fails.

US-listed spot Bitcoin ETFs have experienced a significant $4.4 billion in outflows over 13 consecutive trading days, coinciding with a 21% drop in Bitcoin's price since May 15.

As Bitcoin dipped below $70,000, triggering $714 million in liquidations, select altcoins like NEAR and Worldcoin posted notable double-digit gains.