Bitcoin's price climbed 2.4% to around $62,800, with its market dominance increasing to 59%, signaling renewed investor interest amid altcoins like ether and solana falling below key technical levels. Lesser-known tokens BEAT and VELVET saw explosive gains of over 500% and 800% respectively, driven by rising onchain activity and synthetic futures linked to SpaceX's IPO. Derivatives data show ongoing liquidation of long positions and steady volatility, with traders hedging rather than speculating on volatility spikes. The market reflects cautious optimism as Bitcoin holds strong while altcoins face bearish momentum.
Bitcoin reached a cycle bottom at $59,375 on June 5, marking a 53% drop from its peak. This low was driven by investors selling Bitcoin ETFs to fund SpaceX's IPO, which debuted strongly on Nasdaq with a 26% gain, easing crypto selling pressure. Addit...
Dogecoin surged 7.6% on June 12, 2026, reaching $0.091 intraday, driven by SpaceX's IPO debut at $150 per share which pushed the company's market cap above $2.1 trillion. This milestone made Elon Musk the first trillionaire, positively impacting cryp...
The SpaceX IPO on June 12 triggered high demand and refunds on crypto platforms like Kraken and Binance due to limited share allocations. Standard Chartered remains bullish, forecasting Bitcoin to hit $100,000 and Ethereum $4,000 by year-end, citing ...
Bitcoin recently dropped from nearly $74,000 to a low of about $59,000 before rebounding above $60,000. Analysts highlight a key indicator, the MVRV Pricing Bands, suggesting the most important support level near $43,200, which could mark the market ...
Standard Chartered analyst Geoffrey Kendrick reaffirmed the bank's year-end price targets of $100,000 for Bitcoin and $4,000 for Ethereum following a recent market selloff. He identified the Bitcoin drop to around $59,000 as the likely cycle low and ...
