Category: News

XRP Demand Falls 91.5% As Traders Eye $0.63 Support

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XRP’s (XRP) onchain activity has contracted sharply since its 2025 peak. The 90-day network fee average fell by 91.5%, while the realized profit-to-loss ratio dropped to 0.38 from 50, according to Glassnode.  The decline in activity and profitability comes as traders identify the $1.00-$0.65 region as a major area of interest.   XRP profit-taking flips to network capitulation According to Glassnode, the 90-day simple moving average of total fees paid on the XRP network has fallen to just 500 XRP from 5,900 XRP in February, a decline of 91.5%. The network…

Here’s The Dogecoin Perfect Bottom And The Top Target; Analyst

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According to a crypto analyst, Dogecoin (DOGE) has returned to a key trendline that has repeatedly marked major cycle bottoms in past market phases. The setup comes alongside low sentiment and weakness, conditions that previously aligned with strong price recoveries. The analyst noted that this lower line could now form a potential base for Dogecoin’s next upside move to the top.  Analyst Forecasts Dogecoin Perfect Price Bottom Market expert Cryptollica has announced that Dogecoin may have formed a cycle bottom after revisiting a long-term support trendline that has been building…

Is Bitcoin Cheap Yet? Grayscale Flags 2 Catalysts That Could Decide BTC’s Next Move

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Key Takeaways Grayscale says bitcoin’s latest decline has pushed BTC below long-term valuation levels. CLARITY Act progress could shape bitcoin market sentiment. Leveraged traders may determine whether selling pressure fades or volatility returns. Bitcoin Valuation Metrics Suggest BTC May Be Undervalued Bitcoin’s recent drop to a new cycle low below $60,000 has sparked a key question among investors: is bitcoin finally cheap again? The answer may influence sentiment through the rest of the cycle. According to a June 9 research report from Grayscale Investments Head of Research Zach Pandl, a…

CME Group Launches Crypto Index Futures Tracking Bitcoin, Solana and XRP

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Key Takeaways CME launched Nasdaq CME Crypto Index futures on June 9, covering 8 major cryptocurrencies. Nasdaq and CME expand regulated crypto access as institutional demand broadens beyond BTC and ETH. Investors can now hedge diversified crypto portfolios through cash-settled index futures contracts. Nasdaq and CME Launch Crypto Index Futures Tied to 8 Leading Tokens CME Group has started trading Nasdaq CME Crypto Index futures, expanding its regulated digital asset product lineup as institutional demand grows for broader crypto exposure. The new contracts are financially settled at expiration to the…

CFTC Proposes Prediction Market Rules Favoring Sports Contracts

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The US Commodity Futures Trading Commission (CFTC) has proposed new rules for prediction markets, signaling that sports event contracts are generally not contrary to the public interest even though federal law classifies them as “gaming.” Released on Wednesday, the proposal distinguishes sports event contracts from games of pure chance, saying markets based on final scores and win-loss records can aid price discovery. Contracts tied to player injuries, officiating decisions or other outcomes that could encourage manipulation, however, are unlikely to meet the public interest test. The proposal also clarifies that…

Bitcoin Obituaries Keep Coming—CZ Isn’t Buying It

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Noah Doe-Linked Bitcoin Awakens Again as Another 2011 Casascius Coin Cashes Out – Bitcoin News

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Key Takeaways Mike Caldwell’s 25 BTC Casascius coin from Nov. 2011 was redeemed after 14 years. Noah Doe-linked wallets moved again in block 953,022, keeping blockchain sleuths focused. New York Supreme Court reviews the case as 3.8M BTC addresses remain under scrutiny. A Loaded Casascius Bitcoin With 25 BTC Was Peeled at Block 953022 Just days after Galaxy Research identified 1,878.57 BTC moving from a Noah Doe-dusted address on June 7, another cache of 2011-era coins linked to the same legal saga sprang to life. At block height 953022, a…

SpaceX IPO threatens Bitcoin as analysts warn of capital drain

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Bitcoin remained under pressure near $61,750 as analysts warned that the upcoming SpaceX IPO could divert capital away from the crypto market at a time when ETF outflows and weak sentiment are already weighing on the market. Summary Bitcoin fell 14% over the past week as ETF outflows, weak sentiment, and declining open interest weighed on the market. U.S. spot Bitcoin ETFs have recorded roughly $4.57 billion in net outflows over the past four weeks, signaling weaker institutional demand. Analysts warn SpaceX’s planned $75 billion IPO could compete with cryptocurrencies…

More Pain For Bitcoin? Analyst Says Bottom May Be Months Away

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As Bitcoin (BTC) hovers near its lowest levels since late 2024, a market observer suggests the flagship crypto may not have finished bottoming yet, with more downside potentially ahead. Related Reading BTC’s Historical Data Points To Longer Correction On Wednesday, analyst Rekt Capital compared Bitcoin’s current price action to its performance in previous cycles to determine how close the leading crypto’s market bottom may be. In a video analysis on X, the market watcher explained that BTC’s deviations from previous all-time highs (ATHs) could serve as key reference points for…

Spain and France Split the Favorite Tag as World Cup Prediction Markets Cross $2B – Bitcoin News

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Key Takeaways Polymarket and Kalshi together have drawn over $2 billion in 2026 World Cup winner market volume. Spain leads Polymarket and Kalshi at 16.5% and 17.4% respectively, with France close behind at 16%. Mexico opens as the tournament’s heaviest single-match favorite Thursday at 70%, drawing $1.86M in bets. Spain and France Lead the Board On Polymarket, as of 3:30 p.m. EDT on June 10, 2026, Spain’s “Yes” shares are trading at 16.5 cents, implying a 16.5% probability of winning the tournament. France sits just behind at 16.1 cents. England…