## 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.

Trading firm Wintermute's options desk puts bitcoin in a $61,242 to $63,563 range for Tuesday, with correlation rising across tokens and no fresh ETF bid in sight.

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