NYDIG
Bitcoin fell below $60,000 to a fresh cycle low amid several overlapping pressures in the market. NYDIG research head Greg Cipolaro attributed the decline to competition from AI investments, upcoming tech IPOs and other factors.
Reported by AI
A $1.26 billion block trade in BlackRock’s iShares Bitcoin Trust occurred on May 26. The transaction involved 29.21 million shares sold at a discount.