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Michael Saylor Calls Bitcoin Selloff an AI Rotation as MicroStrategy Sits $10 Billion Underwater
- Michael Saylor says Bitcoin ETF outflows reflect AI capital rotation, not weakness.
- Strategy holds 843,706 BTC at a cost now above the market price.
- Jim Cramer says the move is roiling crypto as paper losses mount.
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Should Investors Still Watch Crypto Amid AI IPOs, War Tensions, and $4 Billion ETF Exit?
- Bitwise CIO Matt Hougan says crypto has shifted from a momentum trade to a contrarian bet as AI stocks dominate investor attention
- Bitcoin is down 21% year to date as $4.21 billion exits crypto funds over three weeks amid US-Iran tensions
- Hyperliquid, BNB, Zcash and Stellar all gained in May while Bitcoin, Ethereum and Solana fell — signalling a rotation toward fundamentals
Solana (SOL) Hits Lowest Level in 2.5 Years as $88 Million in Longs Get Liquidated
- Solana fell to its lowest price since December 2023.
- Long traders lost over $83 million in one daily flush.
- Active addresses and social interest have declined since February.
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Standard Chartered Cuts Ethereum Target 47% as ETH Slips Below $1,800
- Standard Chartered cut its 2026 Ethereum target 47% to $4,000.
- The bank sees ETH possibly bottoming near $1,400 before recovering.
- Its 2030 target holds at $40,000, implying more than 20x upside.
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Best Unified Crypto Data APIs in 2026
Compare the best unified crypto data APIs in 2026. Wallet, portfolio, DeFi, market data, and AI-ready endpoints reviewed for developers and product teams.
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Ethereum Buying Falls 80% as ETF Outflows Hit a 17-Session Streak
- Ethereum ETFs bled for 17 straight sessions, with the last inflow back on May 8
- Hodler net buying crashed about 80% from June 1 to June 3
- Ethereum price needs to reclaim $2,000 to erase most of its recent losses
S&P 500 Ends a Nine-Day Run — Its Best Stretch in Weeks
- S&P 500 futures fell 0.5% overnight after the index snapped a nine-day winning streak.
- Iran struck Kuwait International Airport on Wednesday as the US carried out retaliatory strikes.
- Bitcoin dropped towards $61,000 as total crypto liquidations hit $1.6 billion in 24 hours
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The FBI Made a Token to Catch Criminals. Crypto Bought It Anyway — 19x
A token built by the FBI to catch criminals just pumped 19x because I tweeted about it. Here’s what that says about a market that can’t tell a warning from a shill.
Why Is The Crypto Market Down Today?
- A long liquidation cascade drove the crypto market down before buyers stepped back in
- Bitcoin fell near $61,287 then formed a hammer-like recovery candle
- Total market cap held $2.12 trillion, with $2.26 trillion the next test
