Category: News

Bitcoin Price Fights Back—Is The Worst Finally Over?

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Bitcoin price started a recovery wave above the $62,000 zone. BTC is consolidating and might aim for more gains if it clears the $64,500 resistance zone. Bitcoin managed to form a base above $60,000 and started a recovery wave. The price is trading above $62,500 and the 100 hourly simple moving average. There was a break above a bearish trend line with resistance at $61,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it settles above the $64,500 zone.…

Bitcoin Supply In Loss Crosses Critical Threshold — Bullish Reversal Next?

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After days of steep downward movement, the price of Bitcoin appears to have found a somewhat reliable anchor around the $60,000 region. However, recent on-chain data suggests that the premier cryptocurrency might not be down for long, with a bullish reversal seemingly on the cards. Is BTC Price Bottom Already Forming? In a June 7th post on the X platform, crypto analyst Ali Martinez revealed that the price of Bitcoin might have just reached a major bottom in this cycle. This evaluation is based on changes in the Bitcoin Supply…

Expert Flags Bitcoin’s First Hashrate Bear Market as Network Sheds 145 EH/s

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Key Takeaways Bitcoin’s network hashrate dropped 145 EH/s since May 28, falling to 885 EH/s as prices slide to February lows. Hashprice fell 26.96% in 30 days to $28.26/PH/s, with Elektron Energy CEO Rapha Zagury calling it Bitcoin’s first “ hashrate bear market.” A 10.76% difficulty reduction is projected for June 13, 2026, as fees below 1% of miner rewards remain a long-term structural concern. Hashprice Falls 27% in 30 Days as Miner Revenue Tightens Bitcoin’s computational strength has retreated notably since May 28, 2026, when the network was operating…

Ethereum’s RSI Just Hit Its Lowest Level In History, And That May Be Exactly The Point

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Ethereum’s latest price crash has pushed the cryptocurrency below $1,800, placing its monthly chart under pressure at a time when the entire crypto market sentiment has turned heavily bearish. There is also another weakness coming from the monthly RSI, which has now dropped to its lowest level since the asset launched in 2015. That reading has made the current setup very important, as previous deep RSI resets appeared near major Ethereum cycle lows in 2020 and 2022, and there’s also a question of whether the same pattern is forming again.…

What Happens to Bitcoin If Nasdaq Falls Further?

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Bitcoin (BTC) traders said that BTC holding above the $60,000 psychological support over the weekend was important as it recovered 6.5% from a local low near $59,100 to an intraday high of around $62,950 on Sunday. Key takeaways: BTC is eyeing a rally toward $92,630 if it continues to hold above a key moving-average support. Nasdaq technicals hint at a potential decline of over 10% in the short term. BTC may rise above $90,000 if Nasdaq underperforms Bitcoin’s rebound stood out as the tech-heavy Nasdaq Composite (IXIC) plunged more than…

100x Reversal? Strategy May Have Bought 3,200 BTC After Bitcoin Sale, Standard Chartered Says

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Key Takeaways Standard Chartered suspects Strategy could announce a bitcoin purchase of either 320 BTC or 3,200 BTC. Forecasts call for bitcoin to reach $100,000 by the end of 2026 and $500,000 by 2030. Institutional demand could strengthen if Strategy resumes large-scale bitcoin accumulation. Standard Chartered Sees Strategy Rebound as BTC Tests a Fragile Floor Bitcoin sell-offs separate conviction from forced selling before testing potential price floors. According to Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, this week’s crypto weakness intensified after Strategy (Nasdaq: MSTR) sold…

A 400 Billion Shiba Inu Surprise: Whale Wallet Springs Back To Life

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Long traders bore the brunt of the damage when over $382,000 in Shiba Inu futures positions were liquidated in a single day, with $365,660 wiped from bullish bets and just $17,320 lost on the short side. That wave of forced closures came as a long-dormant SHIB wallet suddenly came back to life after nearly 10 months of silence, drawing fresh attention to a token already under pressure. A Wallet Empties Out Data from Arkham Intelligence shows the wallet began its return with a test run — a small 10 million…

Saylor Sets Sunday BTC Signal as Dividend Proxy Deadline Nears

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Strategy watchers were not disappointed on Sunday as executive chairman Michael Saylor took to social media to signal pending news on changes in the company’s Bitcoin holdings, hours ahead of the final tally of shareholder votes on a proxy measure that would see the company pay dividends twice a month on its preferred STRC shares. “A good time to add more dots,” was the message Saylor posted on X.com along with a bubble chart tracking Strategy’s Bitcoin (BTC) purchases over the past nearly six years. That chart, from Iceland-registered StrategyTracker.com,…

Here’s Why Bitcoin’s 50% Drop Looks Mild Next to What Several Altcoin Holders Are Sitting On

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Key Takeaways Bitcoin touched a 2026 low of $59,100 this week, now trading more than 50% below its $126,080 ATH. ICP, DOT, and ATOM have each lost 96%–99.7% from peak, making recovery math nearly impossible for holders. VVV leads 2026 YTD gains at 904%, but altcoin wins remain narrow and driven largely by speculative volume. Select Altcoins Outpace BTC in the Short Term Over the past 24 hours, bitcoin has drifted between $61,500 and $62,500, and as of 1 p.m. EDT on June 7, it remains more than 50% beneath…

Strategy Affirms Mission to Grow Net Bitcoin as CEO Shuts Down Rumors

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Key Takeaways Strategy reaffirmed its long-term goal of increasing net bitcoin and bitcoin per share. CEO Phong Le rejected speculation that a 32 BTC sale signaled a strategic shift. Executive Chairman Michael Saylor’s remarks reinforced expectations for continued bitcoin accumulation. Strategy’s Bitcoin Sale Sparks Questions About Long-Term BTC Growth Strategy (Nasdaq: MSTR) faces a key market question after its bitcoin sale: whether the move changed the company’s long-standing BTC accumulation strategy. The issue emerged after Strategy sold 32 BTC for approximately $2.5 million to help fund preferred stock dividends, a…