Bitcoin is hovering near its lowest levels since late 2024, and analyst Rekt Capital argues the market may still be in a bottoming process that could take additional months. He compares the current drawdown and time-in-correction with prior cycles, pointing to a ~240-day pullback so far and the possibility of another leg down of up to 20% before a final low forms.

Glassnode said Tuesday that XRP is showing signs of broad capitulation, with the 90-day MA Realized Profit-to-Loss Ratio falling to 0.38, its lowest level since 2024. The firm also noted shrinking network usage, with the 90-day average of total fees dropping from 5,900 XRP in February 2025 to 500 XRP. Analysts cited in the report added that XRP has slid nearly 15% over the past two weeks and is testing long-term technical levels that could shape a potential bottom.

Bitmine Immersion Technologies said Monday it purchased more than 126,971 ETH, valued at about $214 million, during last week's market dip. The company said its crypto and cash holdings now total $9.6 billion, including 5,543,872 ETH priced at $1,630 each and 204 BTC, while Tom Lee described the recent selloff as driven by short-term panic rather than fundamentals.

Zcash shipped an emergency upgrade to fix a critical soundness issue in the Orchard shielded pool that could have enabled invalid state transitions and potential double-spends. The bug was disclosed on May 29, a revised patch activated on June 2, and the NU6.2 hard fork completed on June 3 to restore Orchard with the corrected code. ZEC later retested the $600 area and was quoted at $612 at the time of writing, up 9.5% on the week.

Ethereum (ETH) fell 5.5% intraday on Tuesday, breaking below $1,900 for the first time since late February and touching a two‑month low of $1,880. Analysts tracking chart patterns said the pullback could extend, with key levels cited around $1,850, $1,825 and the 2026 lows near $1,750.

Coinbase said on Friday that Coinbase Financial Markets (CFM) is now the first US-regulated Futures Commission Merchant to connect domestic clients with global crypto derivatives venues. The rollout starts with institutional onboarding and live access to Deribit options, where Bitcoin options open interest exceeds $31 billion, with perpetual futures and more collateral types planned next.

Bitcoin fell about 5% from $76,000 to a one-month low of $72,589 after renewed U.S. strikes on Iranian targets, after trading around $77,000-$78,000 earlier in the week. Analysts highlighted a key support cluster between $73,000 and $71,300, warning that a break below $71,300 could extend losses toward the February base near $60,000. Others pointed to a potential Head and Shoulders setup with a neckline near $75,000, raising the odds of a move toward the range lows around $63,000.

Bitcoin rebounded after dipping below the $75,000 area over the weekend, when it slid about 4.5% to a one-month low of $74,289 before recovering. Analysts highlighted a tight decision zone, with one view putting resistance at $78,258 and support at $75,733, while others stressed the broader $75,000–$78,000 band. A break above resistance is framed as a path toward $84,569, while losing support could open downside targets near $66,898–$67,000.

On Wednesday, the European Commission opened a consultation to assess whether the EU's Markets in Crypto-Assets Regulation (MiCA), in force since 2024, still fits the current crypto market and policy environment. The consultation runs until August 31 and comes as industry groups call for changes aimed at improving the competitiveness of euro-denominated stablecoins. Separately, a euro-pegged stablecoin initiative, Qivalis, has expanded backing to 37 banks after adding another 25 lenders.