Technical Analysis

The outlook for monetary easing in the United States has fundamentally shifted. Driven by an exceptionally resilient domestic economy and escalating geopolitical pressures, Wall Street giant Goldman Sachs has officially abandoned its expectations for a Federal Reserve rate cut in 2026.

SK Hynix plummeted 10% on June 8, 2026, as a macro-driven KOSPI meltdown triggered market-wide circuit breakers and forced retail margin liquidations. However, its new multi-year co-engineering alliance with Nvidia for the Vera Rubin AI platform reinforces its robust fundamentals, presenting a premier long-term buying opportunity at a technical discount.

Bitcoin formed a base above $60,000 and moved into a recovery phase above $62,000, with price holding above $62,500 and the 100-hour simple moving average. The setup points to additional upside if BTC can establish itself above $64,500, while failure to clear that area could reopen a pullback toward $62,800, $62,500 and $62,000.

Bitcoin steadied around the $60,000 area after several days of sharp declines, while on-chain signals pointed to a possible trend shift. In a June 7 X post, analyst Ali Martinez said BTC may be nearing a cycle bottom as the "Supply In Loss" metric crossed 10.46 million coins. At the time of writing, BTC traded near $62,746, up 2.5% over the past 24 hours.

Akash Network’s AKT rose more than 14% in the past 24 hours as Bitcoin gained over 2.5%, helping lift several major altcoins. Trading volume doubled from $8.38 million to $16.25 million over two days, while monthly volume climbed 54% to $414 million. Despite a technical bounce, AKT still needs to retake the $0.70–$0.75 zone to reinforce a stronger recovery narrative.

Toncoin (TON) rose 13.36% over the last 24 hours, trading around $1.70 at press time after holding the $1.50 support area. Despite the rally, spot volume fell 16.51% to $250.8 million and futures flow stayed seller-led, leaving the move without clear confirmation. Key levels highlighted include liquidity around $1.78–$1.82 and a major resistance zone near $2.10.

Bitcoin’s network hashrate has fallen by 145 EH/s since May 28, 2026, dropping from 1,030 EH/s to 885 EH/s as prices retreat to levels last seen in February. Over the same period, hashprice declined 26.96% in 30 days to $28.26/PH/s as of June 7, while a 10.76% difficulty cut is projected for June 13, 2026.

Ethereum’s selloff in June pushed ETH below $1,800, with price reaching as low as $1,536 in the past 24 hours and marking its lowest level so far in 2026. The drop has also dragged the monthly RSI to its weakest reading since Ethereum began trading in 2015, a zone that previously appeared near major cycle lows in 2020 and 2022. ETH was trading at $1,612 at the time of writing, while spot Ethereum ETFs saw $19 million of net inflows on June 4 before flipping to $5.97 million of net outflows the following day.

XRP stayed weak as Bitcoin slipped below the $70,000 level during Tuesday's risk-off session, extending pressure across major tokens. Analysts pointed to exchange-flow spikes, a rare monthly RSI "deep reset" zone, and an accumulation band around $1.10–$1.30, with some discussing upside targets up to $15. At last check, XRP traded at $1.12, up 3.70% over the past 24 hours.

An on-chain analyst argued in a June 6 post on X that Bitcoin is unlikely to bottom at $25,000 in the current cycle, citing the Bitcoin Electrical Cost model. The model places BTC’s estimated production cost around $48,694, which the analyst said could translate into support near $50,000 if the downturn persists. Separately, a CryptoQuant Quicktake noted bearish signals like RSI (14) near 6.4 and an EMA50/200 “Death Cross,” while Binance netflows at -0.58σ suggested ongoing exchange outflows.