Crypto News Today (June 1): BTC Crashes Below $73K as the US Bombs Iran, Sparking Panic

The post Bitcoin Stalls Near $73K as $1.26B IBIT Block Hits, Kraken Plans US Perps appeared on BitcoinEthereumNews.com. Bitcoin News A $1.26 billion off-exchange block sale of BlackRock’s iShares Bitcoin Trust executed on May 26 appears to reflect a single large investor seeking a rapid exit rather than a hedge-fund unwind. Roughly 29.21 million IBIT shares changed hands at $43.16, a $1.01 discount to the prevailing $44.17 market price — a 2.3% concession totaling about $29.5 million in execution cost. Research circulated this weekend noted that the magnitude of the discount points to a seller prioritizing speed and certainty over price. The transaction cleared through the FINRA/Nasdaq TRF Carteret venue, which institutions typically use for privately negotiated trades. Analysts pushed back on the theory that the trade represented a closed basis position. Such a strategy — long spot Bitcoin via ETF, short CME futures — would have lost meaningful expected return at a 2.3% execution hair

The post Low bitcoin-software correlation suggests a major move may be approaching appeared on BitcoinEthereumNews.com. Bitcoin BTC$73,038.00 and software stocks moved almost in lockstep for much of the past five years, with BTC treated as a high-beta technology asset. The iShares Expanded Tech-Software Sector ETF (IGV) served as one of the best proxies for the software sector. That relationship, however, appears to have broken down. Since May 14, bitcoin and IGV have sharply diverged. IGV has gained roughly 12%, while bitcoin has fallen about 10%, marking one of the largest disconnects between the two assets in recent years. Bitcoin and IGV reached all-time highs in October 2025 before entering significant drawdowns, with bitcoin declining roughly 50%, while IGV around 37%. The software sector’s weakness was largely driven by growing fears that artificial intelligence would disrupt traditional software business models. The “SaaS apocalypse” narrative gained traction across markets, tr

The post Iran’s Ghalibaf: US naval blockade and attacks on Lebanon are violation to ceasefire appeared on BitcoinEthereumNews.com. Iran’s Parliament Speaker Mohammad Bagher Ghalibaf has stated through a post on X, formerly known as Twitter, that the United States (US) naval blockade on Iranian sea ports and Israeli attacks on Lebanon could have severe consequences. “The naval blockade and escalation of war crimes in Lebanon by the genocidal Zionist regime are clear evidence of U.S. noncompliance with the ceasefire. Every choice has a price, and the bill comes due. It will all fall into place,” MB Ghalibaf wrote. Risk sentiment FAQs In the world of financial jargon the two widely used terms “risk-on” and “risk off” refer to the level of risk that investors are willing to stomach during the period referenced. In a “risk-on” market, investors are optimistic about the future and more willing to buy risky assets. In a “risk-off” market investors start to ‘play it safe’ because they are worr

The post Chainlink price: consolidation below 9.40 with selling appeared on BitcoinEthereumNews.com. The Chainlink price today is hovering around 9.00, below the main moving averages: a context of bearish pressure with fragile rebounds. As long as 9.15 and especially 9.40 are not reclaimed, selling prevails. In addition, Bitcoin dominance at 57.2% and Fear & Greed at 29 signal struggling altcoins. LINK/USDT — daily chart with candles, EMA20/EMA50 and volumes. Multi-timeframe context: main trend bearish, weak intraday, 15′ driven by sellers Daily (main direction): close 9.00 below EMA20 9.40, EMA50 9.47 and EMA200 11.14; RSI14 at 39.2 and MACD negative; Bollinger Bands with mid at 9.52 and lower band at 8.74. Active bearish picture: buyers, for now, have no leverage. 1H (confirmations/weakening): close 9.00 below EMA20 9.11, EMA50 9.14 and EMA200 9.24; RSI14 38.6; MACD just below zero; lower band at 8.98. Also here, momentum remains weak: rebounds towards 9.08–9.15 tend to fade quickly.

The post These Altcoins Explode by Double Digits as Bitcoin Price Dips Below $72,000: Market Watch appeared on BitcoinEthereumNews.com. Bitcoin failed to build on its weekend momentum and the sellers stepped in. Some altcoins, however, are exploding. The cryptocurrency market remained shaky over the past 24 hours. Bitcoin failed to build on its weekend recovery attempt and remained under pressure. Several altcoins, however, delivered explosive double-digit gains, which creates a rather mixed picture across the broader market. Bitcoin Price Struggles Near $72K Bitcoin’s price action has worsened since yesterday’s market update, when it was trying to stabilize close to $74,000. Instead of reclaiming that level, BTC reversed lower and is currently found at slightly below $73,000 after dipping to an intraday low near $72,500. The move shows that buyers continue struggling to regain control following last week’s volatility. Bitcoin remains very close to a key short-term support zone (arou

The post Trump Accuses Democrats And ‘Unpatriotic’ Republicans Of Making Iran Talks ‘Tougher’ appeared on BitcoinEthereumNews.com. Topline President Donald Trump attacked both Democrats and those he deemed “unpatriotic” Republicans, accusing them of complicating his efforts to negotiate a peace deal with Iran in a late-night Truth Social post, as U.S. forces conducted another round of strikes on Iranian drone sites on Monday amid ongoing talks. U.S. President Donald Trump Getty Images Key Facts In a Truth Social post at 1 a.m. on Monday, Trump said Iran was pushing for a deal, which he claimed would be “a good one” for the U.S. and its allies, without providing specifics. The president then attacked the Democrats, calling them “Dumocrats” and “various seemingly unpatriotic Republicans,” saying they are making it much tougher for him to conduct the negotiation. Calling them “political hacks” who engage in negative “chirping,” the president accused his critics of asking him to move both

Bitcoin failed to build on its weekend momentum and the sellers stepped in. Some altcoins, however, are exploding.

The post Humanity H price rally lifts on AI buzz amid Bitcoin weakness appeared on BitcoinEthereumNews.com. Humanity H price rally is drawing attention at a time when much of crypto is still struggling to find its footing. On June 1, 2026, Humanity (H) climbed to a new all-time high of $0.6612, and the move stood out even more because Bitcoin (BTC) had slipped to the $73,000 level. That contrast is part of what makes the rally notable. While the broader cryptocurrency market is described as being in bear territory, Humanity pushed higher with unusual force, fueled by AI excitement and a burst of online attention. According to CoinGecko data, the token rose 70.1% over the last 24 hours and 241.8% over the last month. Those are the kinds of gains that quickly pull in traders, especially when the rest of the market is dealing with pressure, corrections, and shaky sentiment. In this case, the Humanity H price rally has become one of the clearest examples of how a strong narrative can overp