Bitcoin Falls Below $94,000 for First Time Since May Amid 'Extreme Fear' Sentiment

Harvard University has quietly increased its IBIT asset holdings fourfold in the past three months. （Cointelegraph）

[Bitcoin's Year-to-Date Gains Erased, Price Falls Below Last Year's Closing Level] Due to waning enthusiasm for the Trump administration's pro-cryptocurrency stance and cooling momentum in tech stock rallies, Bitcoin has erased over 30% of its year-to-date gains just over a month after reaching its all-time high. Early Monday morning, Bitcoin's price fell below $93,600, dropping below last year's closing level. Matthew Hougan, Chief Investment Officer at Bitwise Asset Management, stated that the market is broadly risk-averse, and cryptocurrencies are the first assets to signal warnings. Over the past month, major buyers such as ETF allocators and corporate bond investors have exited, leading to a lack of capital flow support in the market.

Tom Lee suggests that Ethereum (ETH) may be entering its own super cycle. （Cointelegraph）

The market is discussing whether Bitcoin will close below $94000 this Sunday, or whether Ethereum will close below $3000. Investors are paying attention to the price trends of the two major cryptocurrencies. （CoinDesk）

The DOJ filed its own post-trial motion last week, pushing back against Storm's motion for acquittal.