Author: boss

Bitcoin CVDD Data Points To Possible Bottom Amid Market Mayhem

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Bitcoin price performance in June has gotten off to a rocky start, with prices now down 50% from the market’s all-time high. In the last week alone, the premier cryptocurrency has declined by 16%, forcing the price to around $60,000 for the first time since February.  Notably, the heavy market loss has coincided with the dominant Bitcoin treasury Strategy offloading $2.5 million in BTC to manage its balance sheet, despite initial chants of “never sell”. Moreover, the upcoming IPO of Elon Musk’s SpaceX is garnering much momentum as a favorable…

6 Senators Challenge 1,250% Bitcoin Capital Rule They Say Blocks Banks From Crypto

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Key Takeaways Senators urged regulators to revisit digital asset capital standards affecting banks. The disputed 1,250% risk weight can require capital equal to exposure. Potential rule changes could reshape institutional participation in bitcoin markets. Senate Pressure Builds Over Bank Rules That Could Shape Bitcoin Access U.S. senators disclosed on June 4 a renewed push to overhaul bank capital rules governing digital asset exposure. At the center of the debate is a Basel framework that assigns certain cryptoasset exposures a 1,250% risk weight, a treatment critics say makes bank participation in…

Ethereum Breakdown Warning: This Key Level Could Trigger More Downtrend

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Ethereum is approaching a critical technical crossroads as bearish momentum continues to weigh on price action. With a major support zone now under intense pressure, traders are closely watching whether bulls can defend this level or if a breakdown will open the door to a deeper decline.  Bear Flag Breakdown Keeps Ethereum Under Pressure  Ethereum continues to slide, aligning with the broader bearish sentiment currently dominating the market. According to analysis from More Crypto Online, the asset’s recent breakdown from a previously identified bear flag and rejection of the yellow…

Bitcoin Sell-off Theory Points to Spacex, OpenAI, Anthropic IPO Mania Draining Crypto Cash

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Key Takeaways Bitcoin weakness has been linked to demand for the Spacex IPO and potential public listings from OpenAI and Anthropic. Strategy’s 32 BTC sale challenged corporate treasury-trade psychology despite its relatively small size. Future correlation breakdowns could become signals of capital rotation between bitcoin and high-demand IPO opportunities. Bitcoin Bleeds as Spacex IPO and AI Demand Spark Capital Rotation Debate Bitcoin’s steep weekly drop has sparked a broader debate over what is driving the latest sell-off, with some investors pointing to capital rotation rather than crypto-specific weakness. Jeff Park,…

XRP Pundit Says Pay Attention To This Pattern That Everyone Is Missing

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A crypto analyst known as Blacksea has revealed that the XRP price has formed a major bullish price pattern that appears to have gone largely unnoticed by the broader market. The expert noted that the last time this setup emerged, XRP rallied by triple-digit percentages and went on to set a new price high. If history were to repeat itself, the cryptocurrency could be on track for a similar parabolic price surge this cycle. Such a move could completely end XRP’s ongoing downtrend and position it firmly in a renewed…

Ethereum Exchange Inflows Climb To 4-Month High – What This Means For Price

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Over the past week, the Ethereum price declined significantly, following Bitcoin’s downturn towards $59,000. As the second-largest cryptocurrency’s price dropped to $1,505, data from a recent on-chain analysis reveal an underlying shift in activity across exchanges. Ethereum Exchange Inflows Surge To 2.24 Million In A Day In a Quicktake post on June 6, the on-chain analytics group Arab Chain cited data from the “Ethereum: Exchange Inflow (Total) – All Exchanges” metric, noting that inflows across all platforms recently reached 2.24 million in a single day. According to Arab Chain, this…

NY Court Pauses Default Judgment After Lawyer Argues 39,069 Bitcoin Wallets Were Not Abandoned

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Key Takeaways On June 6, 47.26 BTC dormant since 2011 moved onchain from defendant address No. 37923 in the Noah Doe case. NY attorney Ian R. Cohen filed an amicus brief on May 29, prompting a June 5 court stay in Index No. 153119/2026. The case targets 39,069 wallets worth ~$293B; a hearing will now decide if the lost-property theory holds up. 2011-Era Coins Are Moving The legal battle is unfolding alongside a wave of onchain activity from some of bitcoin’s oldest addresses. On June 6, 2026, Galaxy Research flagged…

Analyst Predicts When The Bitcoin Price Will Reach $100,000 In 2026

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A crypto analyst has shared a detailed forecast outlining when Bitcoin could regain bullish momentum and climb back toward $100,000. The expert mapped out the asset’s expected monthly price targets throughout 2026, highlighting periods of sharp sell-offs and a potential recovery phase. While some months point to extreme price declines and market uncertainty, the forecast suggests Bitcoin may gradually rebuild strength and enter a fresh uptrend that could push it back toward six-figure territory. Related Reading Bitcoin Price Forecast From June To September 2026 In an X post published on…

Bhutan Offloads 738 Bitcoin Worth $44.88M as Sovereign Drawdown Meets a $60K BTC

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Key Takeaways Bhutan’s government moved another 738 BTC worth about $44.88 million on June 6, onchain trackers noted. The transfer extends a 2026 drawdown that has cut state BTC holdings well below their 2024 peak. Analysts tie the sales to funding for the Gelephu Mindfulness City megaproject. A Repeated Pattern of State Transfers Government-linked wallets have moved bitcoin repeatedly through 2026, with all of the activity managed through Druk Holding and Investments (DHI), the commercial and investment arm of the Bhutanese state, which oversees the country’s bitcoin position. Bhutan stands…

Bitcoin Testing A Critical Support After Sharp Market-Wide Selloff

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Bitcoin is facing a pivotal moment after a sharp market-wide selloff dragged prices toward a major support level. As bearish momentum begins to slow and signs of buyer interest emerge, the coming days could reveal whether this zone becomes the foundation for a rebound or the gateway to a deeper correction.  Bitcoin Loses Previous Monthly Low As June Begins Analyzing Bitcoin’s outlook for June, Lennaert Snyder observed that BTC started the month by breaking below the previous month’s low, a development that has weakened the near-term technical picture. In his…