Category: News

Bitcoin Reverses 24-Hour Rally as Glassnode Flags 8M BTC at a Loss

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Key Takeaways Bitcoin fell below $61,000 on Tuesday as escalating Middle East tensions sparked a 2.9% daily price drop. The crypto market retreat triggered $467.5 million in total crypto liquidations, devastating long derivatives bets. Glassnode data shows a grim outlook with 8 million bitcoin now underwater, reversing recent profit trends. Bitcoin Dips Amid Geopolitical Tremors On Tuesday, bitcoin reversed gains made 24 hours earlier, dipping below the $61,000 threshold amid heightened geopolitical tensions in the Middle East. Bitstamp data showed the top cryptocurrency plunged to an intraday low of $60,718…

AI Stock Crash Could Hit Crypto Before Rebound

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Arthur Hayes has turned sharply defensive on risk assets, warning that an AI stock-market unwind could spill into crypto before Bitcoin eventually benefits from the liquidity response that follows. In his June 9 essay “Reality Test,” the BitMEX co-founder said Maelstrom has cut several crypto positions while keeping Bitcoin and Ether as core holdings. Hayes’ argument starts outside crypto, with oil. He frames the US-Iran conflict and reduced Strait of Hormuz traffic as the central macro variable for markets, arguing that higher hydrocarbon prices could feed inflation, constrain US political…

Bitcoin’s Correction May Be Canary In Coal Mine Moment for Macro

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Bitcoin’s (BTC) recent performance may be less about crypto market weakness and more about its position at the front of the risk curve. Asset management firm Bitwise said that BTC often acts as a “canary in the macro coal mine,” responding to shifts in liquidity and financial conditions before traditional markets. With equities now showing similar signs of strain, the firm sees Bitcoin’s move as part of a wider risk-off adjustment.  Global liquidity and interest rates stay in focus: Bitwise Bitwise said that Bitcoin and Ether reached cycle lows of…

Bitcoin ETFs Bleed $91 Million as Ether ETFs Pull in $82 Million in Single-Day Rotation

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Key Takeaways U.S. spot bitcoin ETFs saw $91.37 million in net outflows on June 8, while ether ETFs drew $82.37 million. The split, per Sosovalue data, points to rotation between the two largest crypto assets amid a selloff. Bitcoin ETFs have bled billions in a multi-week outflow streak as BTC fell to a 2026 low near $59,000 last week. A Tale of Two ETF Markets The split lands in the middle of one of the roughest stretches for crypto funds since they launched. On June 8 (ET), U.S. spot bitcoin…

Bitcoin’s Rise May Have Little To Do With The Latest Purchase News

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BBB Advertising Watchdog Refers Kalshi to Regulators Over Influencer Inquiry

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The Better Business Bureau’s (BBB) National Advertising Division (NAD) is referring prediction market platform Kalshi to regulatory authorities after the company declined to participate in an inquiry into its social media advertising practices, adding another layer of scrutiny to the fast-growing event trading platform. In a statement published Monday, NAD said it will refer the matter to the appropriate regulatory authorities, including relevant state Attorneys General, for possible enforcement action. The inquiry examined whether Kalshi’s influencers and affiliates clearly disclosed paid relationships in social media promotions and whether the company…

Wall Street Slides Hard and Bitcoin Tanks After Iran Shoots Down US Military Helicopter

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Key Takeaways Iran shot down a U.S. Apache helicopter over the Strait of Hormuz, sending the Nasdaq down 844 points on Tuesday. Bitcoin slid toward $60,700 on June 9, extending its decline from an all-time high of $126,272 in October 2025. Blackrock warned investors that stable inflation anchors are gone and the portfolio strategy must be rebuilt around exposures. Markets Get Crushed The Nasdaq Composite shed 844 points, falling to 25,085, its steepest single-session drop since last week’s brutal selloff. The S&P 500 lost 146 points to close at 7,259,…

Ethena Scores $480B TradFi Partner as Janus Henderson Commits to USDe – Bitcoin News

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Key Takeaways Janus Henderson ($480B AUM) made a strategic ENA investment via its ANTIK venture arm on June 9, 2026. Ethena’s USDe reserve portfolio will integrate Janus Henderson’s AAA-rated JAAA CLOs, capped at ~$310M. Both firms are targeting regulated USDe and ENA investment products, including ETFs, for H2 2026 launch. What the Deal Covers Ethena described the arrangement plainly in its announcement: “Ethena has partnered with Janus Henderson, a $480 billion asset manager, to allocate and support the distribution of their liquid high-quality CLO tokenized funds. As part of the…

What The Bitcoin Price Is Doing Now After Bouncing From $59,000

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Crypto analyst Ardi has drawn attention to an interesting dynamic amid the Bitcoin price bounce from a recent low of around $59,000. Based on his analysis, the BTC bottom has likely not formed, with the leading crypto set to fall to new lows.  Analyst Explains What Is Going on Amid Bitcoin Price Bounce In an X post, Ardi said that one of the more interesting developments during this distribution range has been the disconnect between retail and larger market participants. He noted that retail has spent months buying every dip…

Checkonchain Analyst Says AI Rotation Creates Bitcoin’s Next Major Entry Point for Holders

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Key Takeaways Checkonchain founder James Check says bitcoin’s “time pain” process removes sellers before any major move, leaving no forced liquidation pressure. Bank of America triggered 70% of its bear-market indicators in June 2026, lowering its S&P 500 year-end target to 7,100. Morningstar valued SpaceX at $780B, roughly 48% below private market prices, citing net losses and unproven Starship economics. ‘Time Pain’ as a Feature James Check, founder of Checkonchain and co-author of Cointime Economics, laid out the thesis on the TFTC podcast in a clip shared on X. His…