NYDIG

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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.

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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.

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