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Bitcoin price started a fresh decline below the $62,500 zone. BTC is showing bearish signs and might continue to move down if it dips below $61,200. Bitcoin failed to stay above $63,200 and extended losses. The price is trading below $62,500 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance near $62,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $62,500 and $63,500 levels. Bitcoin Price Dips Toward Support Bitcoin price failed to stay above the $63,500 support zone. BTC remained in a bearish zone and extended losses below the $63,200 level. There was a move below the $62,500 level. The price even dipped below $61,200. A low was formed at $60,746 and the price is still showing many bearish signs. There was a minor increase above the 23.6% Fib retracement level of the downward move from the $64,613 swing high to the $60,746 low. Bitcoin is now trading below $62,500 and t
Read full articleIran's actions could destabilize global energy markets, increase crypto's geopolitical role, and challenge Western financial sanctions. The post Iran closes Strait of Hormuz, demands Bitcoin and stablecoin payments for vessel transit appeared first on Crypto Briefing.
About 16 million ADA left exchanges for self-custody wallets in a single 24-hour window, according to Coinglass spot flow data — a shift that points to quiet Cardano accumulation while prices remain under pressure. Related Reading: The Bitcoin Rally Has A Problem: Demand Is Drying Up Cardano: Big Move Off Exchanges Coinglass data shows that Cardano spot inflows over that period came in at $30 million, while outflows hit $32.62 million, producing a net exchange flow of -$2.54 million. At ADA’s current price of $0.16, that gap translates to roughly 16 million tokens moving away from exchanges. That exodus from trading platforms follows a separate but related development flagged by market intelligence platform Santiment on June 10. Data from Santiment showed that wallets holding ADA for extended periods had begun moving their coins again after months of relative quiet — a shift captured through two on-chain metrics: Mean Dollar Invested Age and Age Consumed. ✍️ TL;DR: Large dormant Cardan
Ethereum's wallet growth highlights its expanding utility in DeFi and dApps, but sentiment and price performance remain disconnected. The post Ethereum nears 200M wallets, surpasses Bitcoin by 230% in holders appeared first on Crypto Briefing.
Middle East tensions are escalating again as military strikes continue and Iran closes the Strait of Hormuz, further pressuring already fragile crypto markets.
XRP price started a downside correction below the $1.150 zone. The price is now showing bearish signs and might decline further below $1.080. XRP price started a downside correction after it failed to stay above the $1.1550 zone. The price is now trading below $1.1350 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1.120 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it stays below $1.1350. XRP Price Turns Red XRP price struggled to stay above $1.1550 and started a fresh decline, like Bitcoin and Ethereum. The price dipped below the $1.150 and $1.1420 levels. The price even traded below the 50% Fib retracement level of the upward move from the $1.050 swing low to the $1.1862 high. However, the bulls are currently protecting the $1.10 support zone. Besides, there is a bearish trend line forming with resistance at $1.120 on the hourly chart of the XRP/USD pair. The price is now
Bitcoin is showing renewed signs of on-chain capitulation, according to Axel Adler Jr.’s latest Adler AM Bitcoin Morning Brief, as realized capitalization contracts and loss-taking sales dominate market activity. The setup matters because two independent measures: Realized Cap Net Position 30D Change and adjusted SOPR are now pointing to the same stress regime. In the June 10 brief, Adler said Bitcoin’s Realized Cap has declined by roughly $12 billion from its mid-May peak, falling from about $1.087 trillion to $1.075 trillion. The 30-day percentage change in Realized Cap has dropped to -1.1%, marking the first time since mid-March that capital outflows have reached that level. “Capital is leaving the Bitcoin network, and participant behavior confirms a capitulation regime – sales are being made at a loss,” Adler wrote. “This brief examines how close the current stress is to the March extremes and what needs to happen for the regime to change.” Bitcoin Realized Cap Outflows Accelerate
Bitwise CIO Matt Hougan says advisors now favor stablecoins and tokenization over Bitcoin after talks with more than 40 advisors this week.
“We continue to view the current macro environment as a headwind for Bitcoin,” 10x Research’s Markus Thielen said.
