Cryptocurrency
Bitcoin Holds $63K Floor as Macro Tailwinds Offset Worst Weekly Performance in Months
Bitcoin staged a late-week recovery above the $63,000 threshold after suffering its most severe weekly drawdown in recent memory, aided by easing geopolitical tensions around Iran and renewed institutional risk appetite following a landmark SpaceX market debut. The episode exposed fragile sentiment beneath crypto's surface calm, particularly after Strategy's minor BTC liquidation triggered outsized scrutiny of Michael Saylor's historically absolute 'never-sell' doctrine. Traders are now recalibrating how macro cross-currents — not just crypto-native factors — continue to dictate short-term price floors.
Jun 13Read →