Bitcoin pioneer warns altcoins and memecoins could go to zero
Adam Back says altcoins and memecoins may trend toward $0 as Bitcoin dominance stays high and crypto.news data shows weak altcoin momentum.
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The price of Bitcoin seemed set for another round of pain over the weekend after falling below the psychological $75,000 level on Saturday morning. However, the premier cryptocurrency has somewhat recovered and is looking to reclaim $77,000 as of this writing. At the same time, an increase in the supply of Bitcoin’s long-term investors was also observed on the day, although the signal might not be what it seems. Here’s Why BTC LTH Supply Data Is Skewed In a recent post on the X platform, pseudonymous analyst Darkfost revealed a surge in the Bitcoin supply held by long-term holders (LTH) over the past few days. However, this supposed rise in LTH activity might not be as relevant to BTC’s growth as the data would ordinarily suggest. Related Reading: Bitcoin Bull Thesis Goes Big: 39 Trillion Reasons To Buy, Says Gemini Founder Highlighting data from CryptoQuant, Darkfost shared that the long-term holder supply has increased from 15 million to 15.8 million BTC over the past two days. The o
Read full articleAdam Back says altcoins and memecoins may trend toward $0 as Bitcoin dominance stays high and crypto.news data shows weak altcoin momentum.
Bitcoin and crypto face Iran deal headlines, May confidence, April PCE, Q1 GDP and housing data in a short but busy US market week.
Hyperliquid's rapid volume surge highlights the growing influence of prediction markets, potentially reshaping trading dynamics and regulatory focus. The post Hyperliquid matches Polymarket’s BTC binary volume in 2 weeks appeared first on Crypto Briefing.
XRP is in a compression phase, and technical analysis indicates that the price action may be approaching a point where patience turns into panic before direction finally becomes clear. XRP’s chart setup is filled with uncertainty, but there’s one critical support level that could decide XRP’s next move and another price level it needs to overcome for bullish confirmation. Related Reading: Bitcoin Bull Thesis Goes Big: 39 Trillion Reasons To Buy, Says Gemini Founder XRP’s Descending Broadening Wedge Pattern XRP’s price action has been on a downward path of lower highs since the beginning of the year, and this extends to a correction since its July 2025 peak at $3.65. This price action, according to technical analysis done by popular crypto analyst Egrag Crypto, has led to the formation of a descending broadening wedge on XRP’s higher-timeframe chart. A descending broadening wedge pattern often appears during late-stage accumulation phases, with expanding volatility constrained within d
The post Mark Cuban’s Surprising Bitcoin Sell-off Sparks Market Debate appeared on BitcoinEthereumNews.com. Mark Cuban’s unexpected decision to sell the majority of his Bitcoin holdings has sent ripples through the cryptocurrency market. The billionaire entrepreneur revealed that he liquidated 80% of his Bitcoin stash due to its failure to act as a safeguard during recent geopolitical tensions. Continue Reading:Mark Cuban’s Surprising Bitcoin Sell-off Sparks Market Debate Source: https://en.bitcoinhaber.net/mark-cubans-surprising-bitcoin-sell-off-sparks-market-debate
The post Bitcoin Rainbow chart predicts BTC price for June 1, 2026 appeared on BitcoinEthereumNews.com. The Bitcoin (BTC) Rainbow Chart is signaling that the cryptocurrency could trade within a broad range of approximately $59,000 to nearly $492,000 by June 1, 2026, depending on market sentiment and the stage of the current market cycle. With Bitcoin trading around $77,000, the cryptocurrency currently sits within the chart’s ‘BUY!’ zone, suggesting the model still considers BTC relatively undervalued compared to its long-term historical trajectory. Bitcoin seven-day price chart. Source: Finbold Overall, based on the Rainbow Chart bands, Bitcoin’s most immediate upside target for June 1, 2026, would be around $79,670 if it remains within the same valuation range. However, if bullish momentum accelerates throughout the cycle, the model suggests BTC could climb into progressively higher bands beyond $100,000 and potentially toward the upper six-figure range. According to the chart data,
The post Bitcoin’s Uphill Battle Against Price Slump appeared on BitcoinEthereumNews.com. Bitcoin‘s journey took an unexpected turn as it slipped below the critical support range of $75,000 to $76,000, following a market correction last Friday. The cryptocurrency’s price settled around $76,600 as the weekend commenced, leading to growing concerns among investors about a potential downturn to the $60,000 region if recovery paths remain elusive. Continue Reading:Bitcoin’s Uphill Battle Against Price Slump Source: https://en.bitcoinhaber.net/bitcoins-uphill-battle-against-price-slump
The post Did Mark Cuban Sell Bitcoin at the Bottom? appeared on BitcoinEthereumNews.com. A macro asset in a micro window Bringing the receipts Billionaire entrepreneur and investor Mark Cuban has sent shockwaves through the market after revealing he recently dumped 80% of his Bitcoin holdings. His reasoning? The flagship cryptocurrency failed to act as a safe-haven hedge during recent geopolitical turmoil. However, prominent crypto veterans are calling out the billionaire’s logic, pointing out that the market data suggests Cuban may have simply panic-sold at the exact wrong time. A macro asset in a micro window Cuban’s abrupt exit from Bitcoin was prompted by the cryptocurrency’s extremely underwhelming price action during the recent geopolitical flare-up. Bitcoin (BTC), Hyperliquid (HYPE), Zcash (ZEC), Dogecoin (DOGE) and Ethereum (ETH) Price Analysis for May 23: Fundamental Shift in Investors’ Sentiment Fidelity: Bitcoin in Early Bull Market Traditional safe-haven assets like gol