Category: News

Bitcoin crashed below $62,000. What happened

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Bitcoin has been in freefall since June 2, 2026. What started as a midday flash crash that knocked the price from about $71,765 to $67,895 has turned into a three-day slide. Summary Bitcoin fell below $62,000 after a three-day selloff that erased months of gains and triggered roughly $1.8 billion in liquidations. Data showed leverage had climbed to levels last seen before the October 2025 crash, leaving the market vulnerable to a liquidation cascade. Analysts pointed to weakening Bitcoin demand, persistent ETF outflows, and broader risk aversion as factors that…

Bitcoin’s $60K Range Seen As Potential Long-Term Accumulation Zone, Analyst Says

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A heavy wave of US Treasury issuance, a $250 billion IPO pipeline, and a shift in big tech cash toward AI spending are among the pressures Jamie Coutts says could keep markets tight for a while longer. The Real Vision chief crypto analyst still thinks Bitcoin buyers in the $60,000s may be getting a rare long-term entry point, even if the market has not fully washed out yet. The Pressure Building Coutts framed the recent drop as part of a broader reset, saying Bitcoin has already fallen about 50% from…

Asian Food Company DDC Now Holds 2,804 BTC After Adding 90 More Bitcoin

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Key Takeaways DDC Enterprise purchased 90 BTC on June 3, 2026, lifting total holdings to 2,804 BTC at a $78,736 average cost. The company’s YTD BTC Yield of 48.3% tracks per-share bitcoin exposure growth, not price appreciation. DDC now ranks approximately #28 among public corporate bitcoin holders, with holdings nearly tripling since mid-2025. Another Dip Buy as Holdings Near 3,000 BTC The company announced the purchase via its official X account with the note: “When the market offers discounts, we lean in.” The 90- bitcoin buy follows a 131 BTC…

Apex Group Joins Tokenized Real Estate Fund on Goldman Sachs Platform

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Apex Group is providing fund management services for a tokenized real estate fund whose shares are being issued on Goldman Sachs’ Digital Asset Platform, GS DAP. The fund was developed with Goldman Sachs, digital asset exchange Archax, real estate investment manager LRC Group and interoperability provider Ownera, Apex said Thursday. “Tokenization at institutional scale depends on trusted, regulated infrastructure,” Apex Group’s global head of digital assets, Agnes Mazurek, said, adding that its participation reflects growing demand from managers and investors for blockchain-native solutions. The project reflects a growing push by…

Arthur Hayes Dumps HYPE, NEAR Holdings Ahead of ‘Mega’ AI IPOs

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BitMEX co-founder Arthur Hayes said he dumped his Hyperliquid (HYPE) and Near Protocol (NEAR) token holdings, reversing course after previously assigning aggressive upside targets to both assets. Hayes cited higher energy prices due to the ongoing Middle East conflict, three forthcoming “mega AI IPOs” by the third quarter of 2026 and predictions that US President Donald Trump would turn “anti-AI” to help Republicans win the US midterm elections.  “I think highs in mrkts will happen btw now and September,” wrote Hayes in a Thursday X post, adding that it was…

Analyst Calls Out Stagnant Logic Being Used On XRP, Predicts When Price Will Rally To $300

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XRP has spent much of 2026 trading below the targets often discussed across its community, but one XRP commentator is saying that projections to these price targets are being viewed through the wrong lens. The analyst claims that XRP should not be measured like a traditional stock, especially if the asset functions as it is designed and it becomes tied to institutional settlement, liquidity routing, and high-value financial transfers. XRP Commentator Says Market Cap Logic Misses The Point Most XRP price discussions are based on market cap comparisons and circulating supply…

Coinbase Launches Pre-IPO Markets With SpaceX Access

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Coinbase has launched pre-intial public offering (IPO) markets, starting with SpaceX, offering users outside the United States exposure to private companies before they list publicly via a perpetual futures contract tied to the company’s estimated pre-listing price. The product is a USDC-settled perpetual futures contract that tracks SpaceX’s pre-IPO valuation. It allows 24/7 trading with no expiry or rollover, with profits and losses settled in USDC, according to a company blog post Thursday. Coinbase said the positions can be opened and closed at any time, similar to existing perpetual futures…

Traders Eye $61K as Bitcoin’s Last Defense Before a Drop to the High $50Ks

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Key Takeaways Bitcoin’s RSI dropped to 17 on June 4, 2026, with the $61,310 swing low as the last clear support before $58K. All 14 moving averages signal bearishness, placing BTC $7K to $18K below its key trend lines. Traders need a 4-hour close above $64,500 for any rally to carry credibility toward the $67K to $70K resistance band. 1-Hour Chart: Relief Bounce Stalls, Structure Stays Bearish The 1-hour chart shows Bitcoin staged a brief relief bounce off the $61,310 low, but that move ran out of momentum around $64,500.…

Why Ethereum is falling harder than Bitcoin

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In the June 2026 crypto selloff, Ethereum has fallen harder than Bitcoin, and not by a little. Summary Ethereum has fallen about 32% in 2026, while Bitcoin is down roughly 11%, with the ETH/BTC ratio dropping to a 10-month low near 0.0283. Strong demand from spot Bitcoin ETFs has helped Bitcoin hold value better than Ethereum, whose ETF market remains much smaller and has seen persistent outflows. Analysts point to Ethereum’s higher risk profile, ETF weakness, whale selling, and growing competition from rival blockchains as key factors behind its underperformance.…

How Low Can Bitcoin Go? The Bear Targets

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With Bitcoin sliding below $62,000 in early June 2026, down more than 50 percent from its October 2025 high near $126,200, the question every holder is asking is simple: how low can it go?  Summary Bitcoin’s first major line is $65,000, with the $60,000 to $62,000 zone directly below it. Analysts see $55,000 to $57,000 as the most cited realistic stress-test floor. Prediction markets price meaningful odds of $50,000, $45,000, and $40,000 before 2027. The deeper $38,000 calls depend on Bitcoin repeating older cycle drawdowns despite ETF-era demand. The honest…