Latest FinTech & Blockchain News
Bitcoin and broader crypto markets suffer a sharp selloff
Bitcoin fell below the $60,000 level and hit an intraday low near $59,141, while Ethereum also weakened, as liquidations accelerated across derivatives markets. CoinGlass data cited in the report shows roughly $462.5 million in positions were liquidated over four hours, underscoring the scale of the forced unwind.
Crypto market wipeout tops $1 billion in liquidations in 24 hours
Market coverage from June 6 says the crypto market cap dropped sharply and that more than $1 billion in leveraged positions were liquidated over the prior 24 hours. The report links the selloff to higher-for-longer rate expectations, strong U.S. jobs data, and a broader shift away from speculative assets.
Bitcoin ETFs face heavy outflows amid liquidity crunch
Fintech.tv reports that Bitcoin exchange-traded funds have seen about $4 billion in net outflows over the past two weeks as investor attention rotates toward AI and mega IPOs. The outlet says this demand shock is adding acute selling pressure to Bitcoin, which has also fallen below its 200-day moving average.
Cross River Bank expands crypto-backed lending with a $250 million commitment
Cross River Bank has expanded its support for cryptocurrency-backed financing through a new $250 million commitment linked to Figure's digital-assets-backed loans. The move signals continued bank involvement in regulated crypto credit products even as the wider market weakens.
Bitcoin technical outlook points to a possible rebound toward $63,750
A June 5 technical analysis said Bitcoin rebounded from the $60,000 support area and could climb toward $63,750 if oversold conditions persist. The piece frames that level as a key resistance zone after earlier support held in February and March.
Crypto trading volumes fall to multi-month lows
The Economic Times cites CryptoQuant data showing spot crypto trading volume fell to $679 billion in April, the lowest monthly level since October 2023. That suggests weaker demand has been building for months, not only during this week’s selloff.
Crypto market correlation with U.S. equities remains high
The Economic Times says crypto is currently showing an 84% correlation with the Dow Jones Industrial Average, reinforcing the view that digital assets are trading like risk assets. The report argues that macro conditions, especially interest-rate expectations, are driving price behavior more than crypto-specific fundamentals.
Bitcoin’s recent weakness puts long-held holders under pressure
Fintech.tv reports that roughly half of all Bitcoin in circulation is being held at a loss after the latest slide. That kind of underwater supply can intensify caution among holders and complicate any near-term recovery attempt.
The Nasdaq Crypto Index extends its decline
The Economic Times says the Nasdaq Crypto Index fell 6.82% to 2,783.65 as of June 5, with selling pressure continuing into June 6. The index drop reflects broad weakness across major assets including Bitcoin, Ethereum, and XRP.
Tokenized stocks are gaining attention as blockchain investing infrastructure evolves
FINTECH.TV highlights tokenized stocks as a growing theme, citing atomic settlement, 24/7 trading, and interoperability across blockchain networks as key benefits. The discussion positions tokenization as a potential structural shift in how investors access and move traditional assets.