Bitcoin trades near $77,000 after erasing May gains
Bitcoin is currently trading near the $77,000 level, having erased all of its gains from May. The price is $76,997 with a 0.38% increase.
The market cap is $2.65T with BTC dominance at 58.2%. Ethereum is trading at $2,137 with a 1.16% increase.
Institutional pressure is growing due to spot BTC ETF outflows that began late last week. The Fear & Greed Index is at 25, indicating extreme fear.
Recent funding rounds include Lemfi’s Extended Series B round and Aeon’s $8M Pre-Seed round, as well as Anotherball’s $16M Debt Financing round.