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

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.

More News (BTC)

Bitcoin price rises 3% amid US-Iran tensions and Fed rate hike anticipation

Bitcoin price rises 3% amid US-Iran tensions and Fed rate hike anticipation

Bitcoin's price climbed about 3% to around $79,143 after touching $79,325, driven by U.S. President Trump's comments suggesting Iran seeks a deal with Washington, despite Iranian media denying this. The geopolitical tensions have kept oil prices abov...

Market News
Bullish
5 hours ago
Bitcoin trapped between $76K-$82K liquidation zones ahead of Fed rate decision, risking sharp moves either way.

Bitcoin trapped between $76K-$82K liquidation zones ahead of Fed rate decision, risking sharp moves either way.

Bitcoin remains stuck in a narrow range between $76,000 and $82,000 as traders await the Federal Reserve's interest rate decision. Large leveraged positions near these levels create significant liquidation risks, with $1.95 billion in short positions...

Market News
Neutral
6 hours ago
Bitcoin and XRP prices steady ahead of key U.S. CLARITY Act vote and Fed rate decision.

Bitcoin and XRP prices steady ahead of key U.S. CLARITY Act vote and Fed rate decision.

Bitcoin traded near $78,700 and XRP around $1.41 as investors awaited the U.S. Senate's procedural vote on the CLARITY Act, which could reshape crypto market regulations. The broader crypto market saw a 1.32% gain, driven by optimism about the bill, ...

Market News
Neutral
6 hours ago
Cryptocurrency prices show mixed movements with Bitcoin up 2.12% and notable gains in XLM and NEAR.

Cryptocurrency prices show mixed movements with Bitcoin up 2.12% and notable gains in XLM and NEAR.

Cryptocurrency markets exhibit varied price changes, with Bitcoin rising 2.12% to $78,941 and Ethereum up 1.02%. Significant gains are seen in XLM (+9.12%) and NEAR (+9.52%), indicating strong interest in these altcoins. Meanwhile, some tokens like R...

Market News
Neutral
8 hours ago
Bitcoin rebounds above $78K amid heated CLARITY Act talks and market volatility.

Bitcoin rebounds above $78K amid heated CLARITY Act talks and market volatility.

Bitcoin's price climbed back above $78,000 after dipping to $76,464, driven by renewed optimism around the CLARITY Act as House Democrats debated the bill. Despite initial volatility wiping out $223 million in leveraged crypto positions, the cryptocu...

Market News
Bullish
8 hours ago
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