Bitcoin Drops to $62K as Gold Falls Below $4,000
Bitcoin (BTC) has fallen back to just under $62,000, modestly lower over the past 24 hours. The slide comes as gold has slid almost 4% today, now below $4,000 per ounce for the first time since November 2025. WTI crude oil has dropped to $70.20 per barrel.
Michael Saylor's Strategy Slips Below $100
With bitcoin pulling back to just above $61,000, Strategy (MSTR) has dropped nearly 4% in early trading, touching as low as $99.10 — the first time shares haven't been in triple digits since February 2024. MSTR is down more than 36% year-to-date.
Bessent Comments Provide Modest Boost
U.S. Treasury Secretary Scott Bessent said he's a fan of new Fed Chair Kevin Warsh's decision to scrap forward guidance. Bessent also expects 3% or higher GDP growth this year. Bitcoin rose about 1% alongside the remarks to $62,800.
$30 Billion That Won't Go Into Crypto
South Korean memory chip giant SK Hynix has filed to raise nearly $30 billion by listing shares in the U.S., another example of investor dollars being scooped up by the AI boom.
Debasement Trade Unwinds Further
Metals continue to slide alongside bitcoin. Gold is down 6% year to date and 28% below its January record high, while silver is down 13% year to date and 50% below its January peak.
BlackRock Doubles Down on Bitcoin as Diversifier
BlackRock posted on X that bitcoin's role in portfolios is evolving and that a modest allocation (typically ~1–2%) could enhance return potential while maintaining appropriate risk tolerance.
BTC Confirms Bear Flag Breakdown
Bitcoin fell over 2% Tuesday, confirming a bear flag breakdown. The euro-yen pair has fallen to its lowest since May 6, and the U.S. dollar index has climbed to 101.57 — a classic risk-off signal.
Wintermute Sees Bitcoin Grinding Toward $59,000
Wintermute's OTC trading desk says options markets price a relatively tight move, with bitcoin in a $61,242 to $63,563 range for the next 24 hours. The backdrop is deteriorating: token correlations are rising and liquidity is thinning with no fresh institutional bid visible in ETF flows. Wintermute flagged $59,000 as the key support to watch.
U.S. House Sends Housing Bill with CBDC Ban to Trump
The bill includes a four-year ban on a Fed-issued central bank digital currency — the first time such a provision is heading to the president's desk.
HYPE Gets Its First Implied Volatility Index
Volmex launched a 14-day implied volatility index for Hyperliquid's native token HYPE, which has surged 143% this year while bitcoin and ether have declined.
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