The Bitcoin price has suffered a significant crash, falling from above the 
psychological $70,000 this week. Crypto pundit Nobler cited why the leading 
crypto was crashing, while analyst Chiefy revealed what to expect next from 
BTC. Why The Bitcoin Price Is Crashing In an X post, Nobler revealed that the 
USDT issuer Tether was liquidating some of its BTC holdings, which was 
contributing to the Bitcoin price crash. He noted that this was the first time 
they had sold directly from their BTC reserve wallet. The pundit added that 
things were not looking good for crypto. Related Reading: Bitcoin Moves Into 
Accumulation Zone That Will Send It On Next All-Time High Run To $250,000 On- 
chain data showed that Tether moved 204 BTC from its wallet to the Bitfinex 
exchange, sparking concerns of a sell-off. Tether is among a host of entities 
believed to have dumped BTC recently, sparking the Bitcoin price crash. The 
defunct crypto exchange Mt. Gox also transferred 10,422 BTC, worth almost $740 
million. Furthermore, Bitcoin ETFs are contributing to the massive sell-off in 
BTC, with these funds on a 12-day streak of net outflows. They recorded a net 
outflow of $519 million yesterday, according to SoSoValue data. During these 
12 days, these funds also recorded a net outflow of $733 million on May 27. 
Meanwhile, it is worth noting that the Bitcoin price crash began earlier this 
week, as Michael Saylor’s Strategy revealed in its SEC filing that it had sold 
32 BTC. This was the first time that the Bitcoin treasury firm had sold BTC 
since 2022. This has raised concerns about what this could mean and how much 
more BTC the company could sell moving forward. The Bitcoin price has also 
crashed due to macro factors such as the U.S.-Iran war, with a peace deal 
looking unlikely anytime soon. BTC is also battling for liquidity amid 
upcoming IPOs, such as Elon Musk’s SpaceX, which is expected to go public this 
year. What Is Next For BTC In an X post, crypto analyst Chiefy, who had 
predicted the Bitcoin price crash to $67,000, revealed what is next for BTC. 
He stated that a relief bounce would come next, giving market participants 
false hope before an even bigger leg down. The analyst added that 
structurally, this is one of the weakest setups that BTC has seen in this bear 
cycle. The analyst’s accompanying chart showed that the Bitcoin price could 
still crash to as low as $60,000, reaching its February low. Crypto analyst 
Tony echoed a similar sentiment, predicting that BTC could still drop to 
$60,000, although he expects a short-term relief bounce. Related Reading: 
Bitcoin Trend That Has Held For 15 Years Shows When To Expect The Bottom And 
When $400,000 Will Happen At the time of writing, the Bitcoin price is trading 
at around $66,700, down over 5% in the last 24 hours, according to data from 
CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com

The Bitcoin price has suffered a significant crash, falling from above the psychological $70,000 this week. Crypto pundit Nobler cited why the leading crypto was crashing, while analyst Chiefy revealed what to expect next from BTC. Why The Bitcoin Price Is Crashing In an X post, Nobler revealed that the USDT issuer Tether was liquidating &#8230;

Here’s Why The Bitcoin Price Is Crashing And What To Expect Next

Anchorage Digital has partnered with Real Finance to support the full 
lifecycle of tokenized real-world assets. Building a Unified Institutional 
Framework The federally chartered crypto bank Anchorage Digital has partnered 
with Real Finance, an EVM-compatible Layer 1 blockchain focused on real-world 
asset tokenization, to support the full lifecycle of tokenized assets. The 
companies said the […]

Anchorage Digital has partnered with Real Finance to support the full lifecycle of tokenized real-world assets. Building a Unified Institutional Framework The federally chartered crypto bank Anchorage Digital has partnered with Real Finance, an EVM-compatible Layer 1 blockchain focused on real-world asset tokenization, to support the full lifecycle of tokenized assets. The companies said the &#8230;

Anchorage Digital Powers Custody for New Real Finance Assets as Tokenization Grows

The de-escalation in Gaza may enhance regional peace prospects and influence 
diplomatic dynamics in Middle East ceasefire discussions.
The post Gaza conflict ends with hostages released, says Secretary Rubio 
appeared first on Crypto Briefing.

The de-escalation in Gaza may enhance regional peace prospects and influence diplomatic dynamics in Middle East ceasefire discussions. The post Gaza conflict ends with hostages released, says Secretary Rubio appeared first on Crypto Briefing.

Gaza conflict ends with hostages released, says Secretary Rubio

Stable monetary policy amid minimal tariff impact suggests continued economic 
balance, reducing likelihood of significant rate changes.
The post Williams: New tariffs unlikely to impact inflation significantly 
appeared first on Crypto Briefing.

Stable monetary policy amid minimal tariff impact suggests continued economic balance, reducing likelihood of significant rate changes. The post Williams: New tariffs unlikely to impact inflation significantly appeared first on Crypto Briefing.

Williams: New tariffs unlikely to impact inflation significantly

Decentralized finance protocol Aave recently revealed that it has fully 
restored liquidity to its lending pools following a $300 million cross-chain 
exploit. The Anatomy of the Exploit Decentralized finance ( DeFi) pioneer Aave 
has successfully restored full liquidity to its lending pools, capping off an 
aggressive multi-week stabilization effort following a $300 million cross- 
chain exploit […]

Decentralized finance protocol Aave recently revealed that it has fully restored liquidity to its lending pools following a $300 million cross-chain exploit. The Anatomy of the Exploit Decentralized finance ( DeFi) pioneer Aave has successfully restored full liquidity to its lending pools, capping off an aggressive multi-week stabilization effort following a $300 million cross- chain &#8230;

Aave Says Operations Back to Normal as $300M Backstop Replaces Drained Assets

Russian ruble-backed stablecoin A7A5 processed over $110 billion in 
transactions despite Western sanctions, according to CertiK.

Russian ruble-backed stablecoin A7A5 processed over $110 billion in transactions despite Western sanctions, according to CertiK.

Here’s Why The Bitcoin Price Is Crashing And What To Expect Next

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