Author: boss

Bitcoin’s Crash Has Broken Below A 4-Month Support, But There’s Still One More Play Left

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Bitcoin (BTC) has been in a sharp downtrend over the past two weeks, facing steady declines as selling pressure, market volatility, and negative sentiment weigh on its price. During one of its recent market crashes, a crypto analyst noted that BTC had officially broken below a critical four-month support level, leaving the cryptocurrency in a precarious position. The expert now outlines what could happen next, and none of the scenarios suggested point to a fresh bull run—rather, Bitcoin may be headed for an even deeper bear market decline.  Bitcoin Price…

ETH Hits 13 Month Low As BTC, Altcoins Crumble: Is $1.4K Next?

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Key takeaways: Ether derivatives metrics flip to a heavily bearish bias as cascading liquidations cut off a relief bounce.  A critical ZCash bug discovered by AI triggers widespread fears of contagion, driving a contraction in Ethereum TVL. Ether (ETH) plummeted to a 13-month low of $1,540 on Friday, following the bearish trend across the broader cryptocurrency market. Traders now fear a deeper price correction, given weakness in ETH derivatives metrics and heightened risk after a bug was found in the Zcash blockchain. ETH perpetual futures annualized funding rate. Source: Laevitas…

Why Is Bitcoin Crashing? Worst Week of 2026, $59,100 Low, and More Than Half of All BTC Now in the Red

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Key Takeaways Bitcoin hit a 2026 intraday low of $59,100 on June 5, falling 19.3% in 7 days and 26.8% over 30 days. Coinglass data shows $1.75 billion in liquidations in 24 hours, with 351,233 traders wiped out across crypto markets. More than half of all BTC now sits at an unrealized loss, a signal that has marked every major bear market bottom in bitcoin’s history. Bitcoin Falls 19% in 7 Days and Touches $59,100 The move extended a sharp selloff that has taken bitcoin down 19.3% in seven days,…

Michael Saylor fires back after Cramer blames him for Bitcoin crash

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Bitcoin has fallen to nearly $59,000 after dropping more than 20% in a week, prompting Michael Saylor to respond publicly after CNBC host Jim Cramer blamed him for the cryptocurrency’s latest selloff. Summary Michael Saylor pushed back after Jim Cramer blamed him for Bitcoin’s slide below $60,000 following Strategy’s sale of 32 BTC. CryptoQuant and Citigroup argued that ETF outflows and whale selling have had a much larger impact on Bitcoin than Strategy’s transaction. Grayscale, Peter Schiff, and Charles Schwab analysts focused on Strategy’s funding model and Bitcoin’s longer-term bear…

Strategy And Bitmine Record Losses Above $10 Billion

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Crypto markets endured further pressure this week as the sell-off spread to some of the industry’s largest digital asset treasuries (DATs). As of Friday, Bitcoin (BTC) had slipped back below $60,000 for the first time since 2024, Ethereum (ETH) was trading around $1,550, and Hyperliquid (HYPE) was near $57.  While the declines weighed on the broader market, the impact has been most visible in the large treasury companies associated with BTC and ETH—specifically Strategy (MSTR) and Bitmine (BMNR).  Hyperliquid Strategies (PURR), however, has continued to post gains on an unrealized…

Travala Launches AI Hotel Booking Protocol With USDC on Base

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Singapore-based crypto travel platform Travala has launched a protocol it says lets artificial intelligence agents search, reserve and pay for hotels with USDC (USDC) on layer-2 blockchain Base, extending agentic AI stablecoin payments into travel bookings. The Travala Travel MCP is live through Claude Desktop, with outside developers able to integrate it into their own travel agents, Travala said in a statement sent to Cointelegraph. The company said the system connects Travala’s hotel inventory to AI agents through the Model Context Protocol, an open standard for linking AI apps to…

Crypto Tax Proposals Weighed Ahead of Tuesday House Hearing

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The US House Ways and Means Committee circulated seven discussion drafts of bills to address digital asset taxation ahead of a Tuesday hearing on the matter, covering stablecoins, staking, mining and transactions. Among proposals in the draft legislation are reducing the tax paperwork required for crypto holders, providing clarity for mining and staking tokens and a potential “de minimis” reporting exception for transactions. The seven discussion draft bills preceded a Tuesday hearing on digital asset taxation in the House committee, chaired by Republican Jason Smith. Crypto industry advocates have been…

Bitcoin price falls below $60K as hot U.S. jobs report crushes rate cut hopes

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Bitcoin price has fallen below $60,000 after a stronger-than-expected U.S. jobs report prompted traders to scale back expectations for Federal Reserve rate cuts and price in a higher probability of policy tightening later this year. Summary Bitcoin fell below $60,000 after a stronger-than-expected U.S. jobs report reduced expectations for Fed rate cuts and increased odds of rate hikes later this year. More than $1.7 billion in crypto positions were liquidated as leveraged traders rushed to exit after BTC lost a key support level. Despite the selloff, spot Bitcoin ETFs recorded…

Bitcoin Critic Peter Schiff Predicts USDT Will Eclipse BTC

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Bitcoin dropped to around $61,500 in recent days, its weakest level in roughly four months, and Peter Schiff wasted no time connecting that slide to a broader argument he has been making about stablecoins. Related Reading A Stablecoin On The Move Tether’s USDT has already climbed to a market capitalization of nearly $188 billion, according to data from DeFiLlama, closing the gap with Ethereum to just under $26 billion. Schiff, the economist and longtime Bitcoin critic, says the numbers point to an inevitable outcome. “The market cap of Tether will…

Bitcoin Bears Boost Shorts, Will Bulls Liquidate Them And Reverse BTC Price?

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Key takeaways: Over-leveraged Bitcoin short positions between $63,000 and $66,000 have created a potential $2.6 billion squeeze trap for bears. Negative perpetual funding rates indicate that bulls have fully deleveraged, significantly reducing downside risk. The Bitcoin (BTC) crash to $61,100 on Friday wiped out $335 million in leveraged long positions. However, after a 21% decline in Bitcoin’s price, bulls might have set a perfect trap as negative market sentiment intensified. Bearish positions built up heavily between $63,000 and $66,000, setting the stage for a potential $2.6 billion short squeeze. Estimated…