Author: boss

Historical Lows Show The Bottom Actually Lies Below $30,000

boss

Despite growing optimism that Bitcoin has reached a cycle low, historical cycles suggest another leg down could still be ahead. While rising institutional involvement may reduce the severity of the downturn, a chart shared by a top crypto analyst suggests the cryptocurrency could still be headed for a bottom below $30,000 before a sustained recovery begins.  Bitcoin Cycle Pattern Points To Possible Deeper Low The analyst explains that Bitcoin has followed a repeating pattern across major market cycles, where strong rallies are followed by very deep price declines. In previous…

Buys $98.9M Bitcoin at $59,734 and Nets $3.5M Profit in Two Days

boss

Key Takeaways A whale bought 1,656 BTC ($98.93M) at $59,734, near bitcoin’s June 5 low of $59,100. The position gained about $3.5 million in two days as BTC climbed back toward $64,000 behind Trump’s recent Iran-related remarks. The coins were moved to Binance, a step that often precedes selling or hedging. Buying the Exact Bottom The purchase landed as bitcoin carved out its weakest level of 2026, touching an intraday low near $59,100 on June 5 before reversing higher, meaning the whale entered almost at the exact moment sentiment was…

Strive CEO backs ending Bitcoin capital gains tax to boost adoption

boss

Strive Asset Management has backed efforts to remove capital gains taxes on Bitcoin transactions in the U.S., as its CEO says the firm is actively working with policymakers while lawmakers prepare to review digital asset tax rules. Summary Strive CEO Matt Cole has backed removing Bitcoin capital gains taxes and said the firm is engaging with policymakers in Washington on the issue. A House Ways and Means Committee hearing this week will examine crypto tax rules, including proposals covering stablecoins, staking, mining, and transaction reporting. Strive recently increased its Bitcoin…

Zcash Proposes Ironwood Pool After Orchard Bug

boss

Zcash developers are proposing a new shielded pool called Ironwood after a recently patched bug raised concerns about whether counterfeit ZEC could have entered circulation unnoticed. The Zcash Open Development Lab (ZODL) said Saturday that it is working with Tachyon, Valar Group, the Zcash Foundation and Shielded Labs on the proposed network upgrade, which would add formal verification and independent audits to the Orchard protocol, a privacy system that lets users move ZEC without revealing transaction details. The proposal would close the current Orchard pool to new deposits and internal…

Did SpaceX IPO fever trigger Bitcoin’s crash?

boss

Among the many explanations offered for the June 2026 crypto crash, one has gained surprising traction: that Bitcoin fell not because of anything wrong with Bitcoin, but because of a rocket company. Summary SpaceX IPO excitement reflects a real rotation of speculative attention toward AI stocks and private-equity opportunities. Crypto’s $250B decline while stocks remained near record highs supports the capital-rotation theory. The abrupt crash was driven more directly by acute catalysts and leveraged liquidations than by gradual IPO demand. SpaceX symbolizes a longer-term challenge as crypto loses its monopoly…

Bitcoin’s Bounce to $64,000 Wipes out $320 Million in Crypto Shorts in 15 Minutes

boss

Key Takeaways About $320 million in crypto shorts were liquidated in 15 minutes as bitcoin rebounded toward $64,000. The squeeze followed a 2026 low near $59,100 and weeks of long liquidations topping $1.5 billion. Heavy leverage and thin liquidity have historically left the market prone to violent swings in both directions. A 15-Minute Short Squeeze A little over $320,000,000 in shorts were liquidated from the crypto market in a single 15-minute window as prices snapped higher. Liquidations of this nature occur when an exchange forcibly closes a leveraged position that…

Brokers and Crypto Exchanges Split Over Shares, Tokens and Bets

boss

SpaceX is about to pull off the biggest stock market debut in history, and for once ordinary investors are not entirely locked out. Elon Musk’s rocket company may raise about $75 billion, a deal Bloomberg reported is already oversubscribed at a valuation near $1.8 trillion, with more orders than shares to go around. It starts trading on Nasdaq on June 12. The unusual part is who gets to buy in. SpaceX set aside up to 30% of the offering for retail, roughly triple the usual slice, and that has touched…

JPMorgan sees Strategy reserve shortfall as key risk for Bitcoin investors

boss

Michael Saylor’s Strategy has seen JPMorgan turn cautious on digital assets, with the bank warning that the company may need to rebuild its $ reserves as annual dividend obligations reach about $1.7 billion. Summary JPMorgan said Strategy may need to replenish its dollar reserves to ease concerns about future Bitcoin sales tied to dividend obligations. The bank expects Strategy’s Bitcoin purchases to reach about $32 billion in 2026 despite recent scrutiny over its sale of 32 BTC. JPMorgan has lowered its outlook for digital assets and now sees less than…

Cardano Crash Exposes ADA’s Deeper Problem, Says Longtime Bull

boss

Longtime Cardano supporter and crypto commentator Dan Gambardello said ADA’s steep decline has exposed deeper frustrations inside the Cardano ecosystem, even as he maintained that the project’s underlying technology remains among the strongest in crypto. In a lengthy post on X, Gambardello framed the issue as bigger than price alone. He argued that Cardano’s more than 80% drop from 2024 levels should be viewed in the context of a broader altcoin drawdown, not as proof that the network itself is failing. Still, he said the market weakness has intensified longstanding…

Bitcoin Surges 5% to $64K, Settles Near $62.5K as Trump Says Netanyahu Must Accept Iran Deal

boss

Key Takeaways Bitcoin reclaimed about $64,000, roughly 5% above its June 5 low near $59,100. However, just hours later, prices once again dipped below $63,000. Trump said a U.S.-Iran deal is “almost complete,” easing a risk that has pressured crypto since mid-May. A confirmed agreement could extend the rebound, while stalled talks risk a retest of the 2026 floor. Trump Says the Deal Is ‘Almost Complete’ The rally followed remarks in which Trump framed the agreement as a near-certainty and signaled he would push it through with or without Israel’s…