Category: News

Bitcoin Has Never Broken This Line Before And Price Just Touched It Again

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Crypto analyst Crypto Rover has pointed to a trendline that Bitcoin has never broken below in every market cycle. The leading crypto has now touched this trendline, providing optimism that it could bounce from that level as it did in previous bear cycles. Bitcoin Touches Trendline That Has Led To Parabolic Rallies In an X post, Crypto Rover revealed that Bitcoin has again touched the trendline it has never broken below in 9 years. Instead, BTC has seen parabolic rallies whenever it touches this trendline. In 2017, it rallied 1,300%…

Bitcoin Battles Hormuz Closure, US Inflation as $63,000 Returns

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Bitcoin (BTC) returned to $63,000 on Thursday as crypto shook off news that Iran had closed a key global oil route. Key points: Bitcoin sees volatility but hits intraday highs despite surging US inflation and another Strait of Hormuz closure. Oil rebounds as the US promises fresh attacks on Iranian infrastructure on Thursday. Bitcoin upside targets focus on the remaining gaps in CME Group’s futures market. Iran and PPI inflation spark new risk-asset headwinds Data from TradingView showed BTC/USD hitting local highs of $63,200 on Bitstamp, up more than 2.5%…

Bitcoin Traders Eye $64K Resistance as RSI Hangs at the Lowest Level Since November 2018

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Key Takeaways Bitcoin’s RSI (14) hit 30 on June 11, 2026, the lowest reading since November 2018, signaling deep oversold conditions. BTC rebounded 2.3% from a $60,914 session low, but 13 of 15 moving averages still show bearish signals. Traders watch a 4-hour close above $64,000 as the trigger for a potential move toward $66,000–$68,000 resistance. Intraday Recovery Holds Above $62K The 24-hour gain brought bitcoin’s price to approximately $62,780 at the time of analysis, with a market capitalization near $1.258 trillion and 24-hour trading volume of $29.66 billion. The…

Digital Asset Raises $355M in a16z-Led Round at $2B Valuation

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[Update June 11, 1:50 pm UTC. Adds commentary from Yuval Rooz, cofounder and chief executive of Digital Asset, in the fourth and fifth paragraph] Digital Asset Holdings has raised $355 million in a new round led by Andreessen Horowitz’s crypto arm, highlighting Wall Street’s accelerating push into permissioned blockchain infrastructure. A16z crypto contributed $100 million, alongside 7RIDGE, the Abu Dhabi Investment Authority, Citadel Securities and Optiver, in a deal that values Digital Asset at around $2 billion, according to a Thursday Bloomberg Law report citing people familiar with the matter.…

Hungary to Reverse Crypto Trading Rules That Carried Prison Terms

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Hungary is set to decriminalize crypto trading, reversing restrictions that imposed potential jail terms for certain crypto-to-fiat and crypto-to-crypto transactions, according to Tisza government spokesperson Anita Köböl.  Speaking at a Thursday press conference, Köböl said Hungary would unwind rules introduced last year that required approved validation for crypto conversions and attached criminal penalties to violations. She said the restrictions contributed to a decline in crypto trading activity in the country.  “This was an unnecessary piece of legislation. It made practical operation impossible and frightened the market participants,” Köböl said, according…

Why The Bitcoin Price Could Mark A Generational Bottom And Rise Over 200%

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Bitcoin’s investor sentiment is in ruins, but buried inside the wreckage, a technical signal that has appeared only at the most consequential turning points in Bitcoin’s history has just fired again. This technical argument, which is built around Bitcoin’s Relative Strength Index, is because the indicator has fallen to its lowest daily reading in four years, a level last seen near the 2022 bottom before BTC began its climb from $15,500 to $70,000. Bitcoin’s RSI Is Back In A Rare Bottom Zone The Relative Strength Index is among the most used…

Japan Crypto Bill Advances With ETF, Tax Reform Path: Report

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Japan’s Lower House reportedly passed a bill that would bring crypto assets under the country’s financial instruments framework, potentially opening a path to exchange-traded funds (ETFs) and lower tax treatment for digital assets.  The bill would move crypto assets closer to the regulatory treatment of stocks and bonds by subjecting them to stricter trading rules, Bloomberg reported on Thursday. The legislation is expected to take effect next year after going through the Upper House.  The proposed changes could lower the capital gains tax on crypto assets like Bitcoin (BTC) and…

CLARITY Act Stumbles Over Two Major Hurdles on Path to Senate Floor Vote

A closed-door ethics meeting among Senators Kirsten Gillibrand, Ruben Gallego (D-AZ), Bernie Moreno (R-OH), and Cynthia Lummis (R-WY), joined by White House Crypto Council Executive Director Patrick Witt, collapsed on Tuesday without agreement after Republicans and the White House withdrew a provision that would have allowed state attorneys general to sue the Department of Justice over failures to enforce ethics rules tied to President Trump’s crypto business interests.  Simultaneously, the White House Crypto Council convened representatives from the National Sheriffs’ Association, the Fraternal Order of Police, and the National District…

Can the AI Token Rally Further?

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BEAT, the native token of AI music platform Audiera, has exploded higher over the past month, surging more than 1,500% to a record high of $9.20 even as Bitcoin (BTC) and Ether (ETH) fell roughly 25% and 30%, respectively, in the same period. BEAT/USD vs. BTC/USD and ETH/USD 1-month price performance. Source: TradingView Key takeaways: Strong platform revenues mixed with excessive short liquidations send BEAT’s price higher. The AI token is now at its most overbought stage, which may prompt a 35% dip in the coming days. Why is Audiera’s…

Ethereum News: Consensys CEO Joe Lubin Sets 3–5 Year Timeline for a Fully ZK Ethereum

In the news today, Consensys CEO and Ethereum co-founder Joe Lubin said that ETH could become a fully zero-knowledge proof-based protocol within 3 to 5 years, anchoring that prediction to the Lean Ethereum proposal from Ethereum Foundation researcher Justin Drake, which targets 10,000+ transactions per second on mainnet via native ZK verification at Layer 1. Lubin’s remarks arrive as Ethereum’s Layer 1 continues to face throughput pressure and as Vitalik Buterin has publicly pulled back from characterizing rollups as a permanent architectural destination, with Buterin stating earlier in 2026 that…