06/03 update below. This post was originally published on June 02

Bitcoin, which has struggled amid a surprise BlackRock sell-off, has dropped under the closely-watched $70,000 per bitcoin level.

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The bitcoin price collapse, down almost 50% from its all-time high of $126,000 per bitcoin reached in October last year, has caused billionaire Mark Cuban to suddenly flip on crypto.

Now, as “insane’” Federal Reserve money printing could be about to trigger a bitcoin price rebound, traders are braced for “deeper correction waves” after Michael Saylor’s Strategy surprised the market with a bitcoin sale.

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