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Bitcoin bulls eye fresh positions after BTC price drops under $71K

admin June 2, 2026 1 min read

Selling from all angles pushed Bitcoin below $71,000 at the weekly open, but early bullish positioning in BTC derivatives may signal the start of a recovery.

Source:Cointelegraph

DISCLAIMER: This article is for informational purposes only and is not financial advice. Always do your own research (DYOR) before investing.

Market snapshot

Fear & Greed57 · Greed

BTC dominance58.6%

Market cap$2.71T

BTC $78,857.00 +2.0%
ETH $2,530.93 +1.0%
USDT $0.99986 +0.0%
BNB $726.06 +0.7%
XRP $1.44 +6.0%

Delayed third-party data. Not advice.

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Topics

Crypto exchange BitMart to shut down after nine years, BMX token crashes 58%July 26, 2026
Users have a month to close trades and six months to withdraw, and the exchange gave no specific reason for closing. Source:Coindesk
Shiba Inu surges 36% as South Korean traders fuel mystery rallyJuly 26, 2026
The rally has no announcement behind it, other dog tokens haven’t matched it, and Korean venues are carrying the volume. Source:Coindesk
Robinhood in talks with Crypto.com over prediction markets: WSJJuly 26, 2026
While prediction market companies in the US continue to face legal battles between state and federal authorities, Robinhood is reportedly considering expanding its services. Source:Cointelegraph
Binance ‘red teams’ its own staff every month to keep hackers outJuly 26, 2026
Binance regularly tests its employees for security hygiene, with social engineering becoming a major source of industry breaches. Source:Cointelegraph
BitMart to wind down exchange, end trading by Aug. 26July 26, 2026
Crypto exchange BitMart said it will wind down operations after its BMX token plunged and users reported withdrawal delays, with platform operations set to end in January. Source:Cointelegraph
Robinhood Chain's real-world assets jump fivefold as tokenized stocks start trading in bigger sizeJuly 25, 2026
The chain built to put equities onchain has tripled in size since mid-July, and a dozen tokenized stocks are now each clearing $500,000 a day. Real-world assets are growing fast,…
Democratizing weather derivatives through tokenization could be crypto's most important real-world use caseJuly 25, 2026
Main Street, which faces the most significant climate-related financial risk, currently lacks an avenue to hedge weather-related risks, argues CoinDesk’s Omkar Godbole. Source:Coindesk
North Korea arrests hackers accused of laundering stolen funds from country's bank via cryptoJuly 25, 2026
The group allegedly breached Central Bank systems, converted crypto to cash via Chinese brokers, and used small transfers to evade detection. Source:Coindesk
Russia’s largest bank Sberbank plans crypto trading infrastructure by DecemberJuly 25, 2026
New regulations for crypto trading, custody, and settlement in Russia take effect Sept. 1, with requirements for licensed intermediaries applying from July 2027. Source:Coindesk
Fidelity joins push for Senate passage of CLARITY ActJuly 25, 2026
Fidelity called on the US Senate to pass the CLARITY Act, joining industry groups and crypto firms pushing for market structure legislation. Source:Cointelegraph

Fear & Greed

Greed

BTC Dominance

58.6%

Market Cap

USDT Dominance

6.8%

Stable Flow

Market RSI

BULLISH MOMENTUM

Open Interest

$8.3B

BTC / USDT BINANCE

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09.

North Korea arrests hackers accused of laundering stolen funds from country's bank via crypto

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Democratizing weather derivatives through tokenization could be crypto's most important real-world use case

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Bitcoin bulls eye fresh positions after BTC price drops under $71K

More in this topic

Shiba Inu surges 36% as South Korean traders fuel mystery rally

Crypto exchange BitMart to shut down after nine years, BMX token crashes 58%

BitMart to wind down exchange, end trading by Aug. 26

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