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 major tech stocks, and financial strains on firms like Strategy Inc. Additionally, a dilemma in cloud companies' AI spending could depress tech stock prices, reducing capital flow into crypto. Thompson also warns of potential volatility from the Bank of Japan's upcoming meeting and a weakening yen, suggesting investors wait until late Q3 to re-enter crypto markets.
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 ...
Bitcoin dropped below $62,000 as market sentiment turned fearful ahead of an important U.S. Consumer Price Index (CPI) report. Over 132,000 traders were liquidated in the past 24 hours, with nearly $450 million lost. Spot Bitcoin ETFs saw significant...
