Bitcoin and Ether prices fell sharply, hitting cycle lows near $58,000 and $1,507 respectively, as the Nasdaq experienced its largest daily drop in months at 5%. Bitwise highlighted that Bitcoin often reacts ahead of traditional equities due to its 24/7 trading, acting as an early indicator of broader market risk shifts. This pullback coincides with stronger US labor data that raised expectations for prolonged higher interest rates, keeping the US 10-year Treasury yield near 4.53%. Despite the crypto retracement, global liquidity (M2) continues to expand, and stablecoin reserves remain elevated, suggesting potential for renewed crypto price gains if liquidity conditions improve.
Analyst Quinn Thompson recommends avoiding cryptocurrency investments during the summer because of three main pressures: a surge of over $3 trillion in new tech IPOs from companies like SpaceX and OpenAI competing for capital, lagging performance of ...
Most major cryptocurrencies, including Bitcoin and Ethereum, saw price declines with Bitcoin trading near $62,047 and Ethereum around $1,657. Market volatility continues to impact digital asset values, with some smaller coins experiencing sharper dro...
Bitcoin fell below $61,000 on June 9, 2026, losing 2.9% in a day as escalating geopolitical tensions in the Middle East spooked investors. The price dip erased about $30 billion from bitcoin's market capitalization, which slid from $1.27 trillion to ...
Ethereum's price has dropped to around $1,644, down about 67% from its all-time high of $4,946 in August 2025. This decline is driven by macroeconomic challenges, significant outflows from spot Ethereum ETFs, and Bitcoin's growing dominance as a pref...
Ethereum's price fell about 4% to around $1,630 following a $468 million wave of crypto liquidations, alongside Bitcoin's drop below $62,000. Technical indicators remain bearish, with Ethereum struggling to reclaim the $1,700 resistance level, which ...
