Live BTC price updates show Bitcoin dropped under $63,000 on June 8, 2026, reflecting intraday weakness in the market after topping $63,000 earlier. Strategy bought $100 million in BTC in its latest purchase on June 8, 2026, a move described in the article as reinforcing the firm’s long-term accumulation plan by TD Cowen. The report also records that Bitcoin is up more than 7% from Friday lows and has returned above its 200-day moving average, while ETF flows were negative ahead of the U.S. Federal Reserve meeting on June 16-17.
Recent market activities display significant fluctuations involving Bitcoin and strategic movements by key market players. Bitcoin’s price recently fell below $63,000 but remains over 7% above Friday’s lows, indicating a volatile recovery. Strategy’s acquisition of $100 million in Bitcoin highlights its ongoing commitment to accumulating cryptocurrency, paralleling Strive’s smaller purchase of 32 BTC. This move by Strive matches the amount that Strategy offloaded last week. Notably, Bitcoin has climbed back above its 200-day moving average, a technical indicator of potential stability. However, the ETF print was negative, suggesting caution among investors. These activities unfold as anticipation builds around the upcoming U.S. Federal Reserve meeting and economic indicators like the Consumer Price Index data.
Galaxy Digital has recently seen its shares surge by approximately 25.5% over the last five sessions, reflecting a positive market response to its strategic developments. The company’s CEO, Mike Novogratz, announced ambitious plans for a major infrastructure project.
“Galaxy now, we are building what will be the largest single-campus data center in America.”
The project involves leasing 1.6 gigawatts of power capacity, which Novogratz claims is already half-occupied, with full occupancy expected by the end of the summer. This development underscores Galaxy Digital’s drive to expand its operational capabilities significantly and highlights a growing trend in the crypto space towards robust, large-scale data center investment.
The U.S. Federal Reserve meets on June 16-17, as noted in the article, and the May Consumer Price Index data (Wednesday) will be a key test for the sustainability of the rebound. The article states that the ETF print was negative, and it records that Bitcoin is up more than 7% from Friday lows and back above its 200-day moving average. These facts are presented in the context of market monitoring ahead of major economic releases. The source explicitly frames the May CPI release as a significant near-term data point for market participants.
“Nice bounce, but too early to call it a bottom.”
“The rebound is a relief move around a major long-term level, not yet a confirmed turn.”
“Until CPI clears, the risk/reward does not favor new longs.”
“Strategy’s latest bitcoin buy reinforces long-term accumulation plan.”
“Before calling this a recovery, we would want flows turning repeatedly positive by the next weekly close.”
Bitcoin fell below $63,000 and has returned above its 200-day moving average. Strategy bought $100 million in BTC, and Galaxy Digital’s shares rose about 25.5% as CEO Mike Novogratz said half of a planned 1.6 gigawatt data center is leased and the firm plans to lease the full capacity by summer’s end; the U.S. Federal Reserve meeting on June 16-17 and May CPI data are cited as key tests.
