1h ago
Bitcoin CVDD at $46,200 Flags Potential Bottom Zones as BTC Trades Near $60,000
Bitcoin started June under pressure, sitting about 50% below its all-time high after a 16% weekly drop that pushed price back near $60,000 for the first time since February. An on-chain analyst highlighted CVDD-based ranges that have historically aligned with cycle lows, placing a higher bottom zone at $46,000–$54,000 and a deeper scenario at $35,000–$40,000. At the time of writing, BTC was quoted at $60,537, down 4.7% over 24 hours, while daily volume was $1.21 trillion.
BTC
BTC+1.10%
1h ago
2h ago
Six U.S. Senators press regulators to revisit Basel 1,250% Bitcoin risk weight
Six U.S. senators disclosed on June 4 that they are pressing U.S. bank regulators to reconsider a Basel capital rule that can assign certain cryptoasset exposures a 1,250% risk weight. They argue the formula can translate into a capital requirement equal to 100% of a bank's exposure, which they say makes holding BTC uneconomic for regulated institutions. The push follows a May 27 letter urging the Fed, FDIC, and OCC to update digital-asset capital standards and develop a new framework.
BTC
BTC+1.10%
2h ago
2h ago
Centrifuge (CFG) falls 14% as RWA token volumes slide; key $0.20 level in focus
Centrifuge (CFG) dropped 14% in a single day as weakness across the RWA tokenization segment weighed on the project's activity and trading. Over the past 30 days, CFG's token trading volume fell 7.5% to about $685 million, while RWA issuers' monthly token volume sank to a low of $198 million from $1.406 billion. Technically, CFG has broken below key demand areas, with RSI oversold near 23.45 and $0.12-$0.14 flagged as a potential last demand zone if losses extend.
CFG
CFG+3.91%
2h ago
3h ago
Bitcoin Sell-off Debate Tied to SpaceX IPO Demand, AI Listings, and 32 BTC Strategy Sale
Bitcoin’s sharp weekly drop has sparked a rotation debate, with some market participants arguing that liquid BTC positions are being sold to raise cash for SpaceX and possible IPOs from OpenAI and Anthropic. The discussion also highlights bitcoin ETF outflows and Strategy Inc.’s 32 BTC sale for about $2.5 million as factors that may have amplified liquidity pressure. SpaceX is described as seeking to raise up to $75 billion, with shares expected to price on June 11 and begin public trading on June 12.
BTC
BTC+1.10%
3h ago
3h ago
Analysts highlight XRP's wedge and Cup & Handle setups with $0.48–$14.1 levels
On June 6, crypto analyst Blacksea said XRP has again formed a falling wedge pattern similar to one seen in 2024, when the token moved from around $0.5 and later surged 600% past $1.5. Separately, Celal Kucuker argued XRP may first correct toward $0.9, with $0.95 as a key support; his chart maps potential upside targets near $1.5, $3.66 and the 1.618 Fibonacci Extension above $14 if the structure holds.
BTC
BTC+1.10%
3h ago