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Crypto deemed a 'failed asset class' as Bitcoin nears $65K, but 4 exceptions remain valuable, says analyst.

Market News
03 Jun 2026
Benzinga
View Source
Bearish
pluang ai news

Macro analyst Alex Krüger labeled most cryptocurrencies as a 'failed asset class' due to poor value, founder sell-offs, meme coin losses, and rising DeFi hacks. However, he identified four exceptions worth owning, including Hyperliquid, which returns 99% of fees to token holders, and privacy-focused Zcash, meeting real demand for non-custodial value storage. Despite bearish views, some traders see Bitcoin's current drop as a potential market bottom. The debate highlights ongoing uncertainty but also niches of genuine crypto value.

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Bitcoin remains range-bound below $65K despite $43M whale buys, signaling uncertain near-term direction.

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Bitcoin breaks below $60K, signaling potential drop to $57.5K amid institutional selling and easing Middle East tensions.

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