Author: boss

Cathie Wood’s $1.5M Bitcoin call triggers fresh gold vs crypto debate

boss

Cathie Wood has reignited the long-running debate between Bitcoin and gold after raising her bullish Bitcoin forecast to as much as $1.5 million, drawing a sharp response from billionaire mining investor Frank Giustra. Summary Cathie Wood reiterated a $730,000 base-case and $1.5 million bull-case Bitcoin target, arguing institutional adoption remains in its early stages. Gold advocate Frank Giustra rejected Wood’s forecast, saying Bitcoin will not reach $1 million and renewing the debate over Bitcoin versus gold as a store of value. Bitcoin traded near $67,000 after a sharp pullback from…

Bitwise Model Shows Bitcoin Is Deeply Underpriced at $224K Fair Value Amid Debt Crisis – Bitcoin News

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Key Takeaways Bitcoin retraced to $72K in May after Bitcoin ETP outflows reached $1.031 billion in the second half of the month. Bitwise Europe data shows long-term holders reached an all-time high of 14.85M BTC, equal to 74.3% of supply. The $78K–$85K zone remains the key level to watch, with Polymarket odds for CLARITY Act passage in 2026 at 75%. Bitcoin Hit $83K Then Crashed to $72K — Here Is What Flipped The month opened with bitcoin crossing $80,000 for the first time since late January. The initial move was…

Ethereum’s Multi-Year Support Test Could Shape Its Next Big Move

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Ethereum is currently trading at a pivotal zone where long-term support and emerging bullish momentum are converging. With buyers attempting to defend a key multi-year trendline, the coming sessions could prove decisive for the asset’s broader outlook. A successful hold may set the stage for a powerful breakout, while failure could delay Ethereum’s next major rally. Ethereum Tests Critical Multi-Year Trendline Support After losing the $2,000 price mark, Ethereum continues to trend downward. However, recent analysis from World of Charts highlights that Ethereum has reached a critical technical juncture, currently…

Michael Saylor teases Bitcoin comeback days after Strategy sale

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Michael Saylor has reignited speculation about Strategy returning to Bitcoin purchases after the company sold 32 BTC for roughly $2.5 million last week. Summary Michael Saylor’s latest “₿ack to Work” post has sparked speculation that Strategy may resume Bitcoin purchases. Citigroup said spot Bitcoin ETF outflows have weighed on BTC prices more than Strategy’s recent sale. While Strategy reduced its holdings, Strive added 2,500 BTC and expanded its fundraising plans by $4.2 billion to support further Bitcoin acquisitions. In a June 3 X post, Saylor shared a short message reading…

Bessent says U.S. Bitcoin Reserve is moving into new ground

boss

Treasury Secretary Scott Bessent has told senators that the Trump administration remains committed to expanding the United States’ Strategic Bitcoin Reserve while pressing Congress to pass major crypto legislation this summer. Summary Treasury Secretary Scott Bessent said the Trump administration remains committed to expanding the U.S. Strategic Bitcoin Reserve. Bessent told senators that the reserve needs durable rules because it involves new technology and new legal ground. The Strategic Bitcoin Reserve was created by executive order and currently holds Bitcoin from criminal forfeitures and seizures. Bessent made the remarks on…

Crypto PAC-Supported Candidates Sweep US State Primaries after Media Buys

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[Update (June 3 at 8:01 pm UTC): This article has been updated to include a response from Fairshake in the fourth paragraph.] Democratic and Republican candidates across California, New Jersey and South Dakota won their respective primaries on Tuesday after being the beneficiaries of supportive ads purchased by cryptocurrency industry-backed political action committees (PACs). On Tuesday, Democrats Jacqui Irwin, Ted Lieu, Zoe Lofgren, Dave Min, Mike McGuire, Hilda Solis, George Whitesides, Lou Correa and Lateefah Simon won their respective California primaries for House seats. Democrat Rob Menendez and Republican Mike…

The Rapid XRP Growth Trajectory That Investors Should Be Aware Of

boss

The numbers from the XRP Ledger’s real-world asset dashboard tell a story of rapid growth that the price movement has not fully priced in. The latest attention comes from the ledger’s expansion from about $900 million in tokenized assets at the start of the year to almost $4 billion within five months.  This growth is notable because it is happening before the US has delivered a permanent federal market structure for cryptocurrencies and before the full institutional channel into tokenization on the XRP Ledger has opened. XRP Ledger’s RWA Growth…

Bitcoin miners face fresh pressure as BTC nears key support despite $1B May revenu

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Bitcoin miners have entered June with revenue above $1 billion for the first time in four months, but falling Bitcoin prices are already putting renewed pressure on mining economics. Summary Bitcoin miner revenue topped $1.08 billion in May, the highest level since January. Hashprice fell nearly 18% in a month as Bitcoin hovered near the $65,000 support zone. A projected 9% difficulty cut may ease pressure on miners if current conditions persist. According to data from Newhedge, miners generated $1.086 billion in revenue during May, the highest monthly total since…

Bitcoin Fear Index Crashes to 11 as Traders Debate $50K Floor

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Key Takeaways The Crypto Fear and Greed Index dropped to 11 on June 3, 2026, as bitcoin traded at $65,853 at 1 p.m. EDT, down roughly 47% from its 2025 peak over $126,000. Blackrock’s IBIT led U.S. spot bitcoin ETF redemptions, with outflows topping $2 billion across recent sessions and single days exceeding $600 million. Traders are watching $65K support closely, with $50K discussed as a potential capitulation floor and the 200-week moving average near $60K to $61K as the next key level. Fear Takes Over Bitcoin is down roughly…

Citigroup blames ETF exodus for Bitcoin drop, not Strategy sale

boss

Bitcoin’s recent decline has been driven mainly by nearly $3.8 billion in spot ETF outflows rather than Strategy’s sale of 32 BTC, according to analysts at Citigroup. Summary Citigroup said Bitcoin’s recent drop was driven more by ETF outflows than Strategy’s 32 BTC sale. U.S. spot Bitcoin ETFs recorded nearly $4 billion in net outflows between May 15 and June 2. Citi sees the CLARITY Act as a potential catalyst and gives it a roughly 50% chance of passing. In a recent note, Citigroup analysts said investors may be placing…