Live updates: bitcoin drifts back to $62,500, putting damper on hope for two straight up days

Live updates: bitcoin drifts back to $62,500, putting damper on hope for two straight up days

Source: CoinDesk

Published:12:52 UTC

BTC Price:$62566.8

#btc #crypto #marketupdate

Analysis

Price Impact

Med

Bitcoin is trading lower due to broader market risk-off sentiment and a recent $36 million exploit in the crypto space, indicating potential lingering concerns about security and stability.

Trustworthiness

High

Price Direction

Bearish

The price has drifted back to $62,500, is down 1% in 24 hours, and lower by nearly 3% from monday's high, suggesting a bearish short-term trend. broader market sentiment also appears to be contributing to this downward pressure.

Time Effect

Short

The current price movement and sentiment are reflecting immediate market reactions to recent events and broader economic indicators, suggesting a short-term impact.

Original Article:

Article Content:

live Updated just now Live updates: bitcoin drifts back to $62,500, putting damper on hope for two straight up days Crypto prices rose on Monday following last week's crash, but the bears still appear to be in control. By Stephen Alpher Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin drifts lower Tuesday (Getty images) just now · 12:52 PM Stephen Alpher Share Share this post Copy link X icon X (Twitter) LinkedIn Facebook Email Crypto prices have returned to familiar territory on Tuesday, headed lower as risk markets across the globe are in rally mode. Trading at $62,500, bitcoin (BTC) is down 1% over the past 24 hours and lower by nearly 3% from Monday's high. Shortly before the U.S. market open, Nasdaq 100 futures are higher by 0.9%, tacking on to yesterday's 1.5% gain. WTI crude oil is down 2.15% to $89.34 per barrel as investors continue to price in what might be the end of the Iran conflict. Possibly dragging on bitcoin on Tuesday was a $36 million exploit of the Humanity Protocol and its H token. Bitcoin maxis, however, might say the opposite — that the Humanity attack (and numerous other incidents against other chains in recent weeks) shows why "there is no second best." Latest Crypto News 1 Wall Street will run entirely on the blockchain by 2030, says Brickken CEO 43 minutes ago 2 Humanity's $36 million exploit tied to compromised laptop hosting a 'multisig' wallet 50 minutes ago 3 Bitcoin's bounce isn't a bullish revival, with anything from $68,000 to $80,000 seen as a marker 1 hour ago 4 Strategy's bitcoin purchase fails to stir BTC price 2 hours ago 5 Circle debuts cirBTC on Ethereum to challenge Coinbase in the wrapped bitcoin market 2 hours ago 6 USDT's flashing a golden cross and that may be bad news for bitcoin 3 hours ago 7 Coinbase and Cardless unveil credit card backed by stablecoins 4 hours ago 8 Saylor blamed AI for bitcoin crash. Arca has one word for that: Nonsense 7 hours ago 9 Live updates: Bitcoin drops to $62,600 as some traders peg SpaceX's IPO as 'next catalyst' 7 hours ago 10 Chinese mining CEO says Strategy can survive a $30,000 bitcoin without selling 7 hours ago Latest Research The Pre-IPO Perpetuals Category Takes Shape The Pre-IPO Perpetuals Category Takes Shape Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%. By CoinDesk Research May 29, 2026 Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%. Why it matters : Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%. View Full Report More From Tech Humanity's $36 million exploit tied to compromised laptop hosting a 'multisig' wallet Humanity Protocol token crashes more than 80% after a $32 million private-key hack MetaMask launches AI agent wallet with built-in security for crypto trades