Bitcoin steadies at $67,000, faces critical juncture after sliding 9.5% in seven days
The recovery does little to mask a 9.5% weekly decline as U.S. stocks hit records highs, AI tokens rally and Coinbase's Ethena deal steals the spotlight....
Key takeaways
- 1Bitcoin fell 9.5% in seven days and now trades near $67,000, facing critical support at $60,000 before potential liquidation cascades to $54,000.
- 2Coinbase's integration of Ethena features into its savings product for 100 million users boosted ENA token 20% in 24 hours.
- 3Over $1.7 billion in leveraged crypto futures liquidated in 24 hours; bearish positioning dominates with negative seven-day volume delta across major tokens.
Coins in this story
Why it matters
Bitcoin's prolonged weakness amid rising U.S. stock valuations signals weakening institutional crypto demand and growing leverage unwinding risks for Indian retail traders. Altcoin strength and Coinbase's institutional product launches could redirect retail investment toward riskier assets, increasing volatility exposure.
Explore how AI Agents is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.
Explore narrativeRelated stories
Prediction market traders bet bitcoin's selloff has further to run
Prediction market traders are wagering bitcoin will fall further, pricing 66% odds of sub-$55,000 and 50% odds below $50,000 by year-end. Heavy ETF outflows and investors rotating toward AI stocks pressure BTC near $65,000. Capital fleeing crypto isn't entirely leaving the ecosystem—stablecoins USDT and USDC are gaining share as traders raise cash awaiting better entry points.
Big tech is 'terrified' of AI agents wiping out ad revenue, says Billions Network CEO
Tech giants face an existential threat as AI agents—which ignore display ads—disrupt the internet's $200+ billion advertising model. Billions Network, supporting over 9,000 developers including TikTok and HSBC, provides on-chain infrastructure for accountable AI agents. The firm also partners with India's Ministry of Labor and Railways, securing credentials for 1.2 million personnel. Non-human traffic now exceeds human engagement, fundamentally inverting how web discovery operates.
Privacy-focused Zcash blockchain has not produced a block for four hours
The Zcash blockchain didn't produce new blocks for more than four hours on June 3....