Bitcoin's price fell below $63,000, dropping 0.38% in 24 hours as markets monitored regulatory shifts and ETF flow data. By June 12, the price hovered just above its realized price, signaling a loss in market momentum. Data further confirmed a decline in Bitcoin demand, particularly from Exchange-Traded Funds, alongside concerns regarding malware targeting macOS users.
CryptoQuant data reveals a sharp decline in selling activity from wallets holding for over 5 years, signaling rising conviction as BTC trades near $63,000.
Read the full storyIn a significant escalation of tensions between Big Tech and the crypto community, Apple has threatened to terminate the developer account of Craig Raw, the creator of the Sparrow Bitcoin wallet, by June 30, 2026.
Australia's crypto Travel Rule is now in full effect, requiring exchanges to verify and record identity details for all digital asset transfers to combat money laundering.
Bitcoin is facing intense selling pressure as major institutional buyers, including spot ETFs and public company treasuries, lose conviction in acting as a market backstop.
The world's largest cryptocurrency fell 0.38% to trade near $62,990, weighed down by security concerns and shifting investor risk appetite.