Hyperliquid’s native token, HYPE, dropped below $70 on Thursday after delivering an 80% gain in May. The dip comes amid renewed weakness across the broader cryptocurrency market, where Bitcoin (BTC) slipped below $63,000 and sparked a wave of risk-off sentiment among investors. A key catalyst behind HYPE’s recent surge has been rising institutional participation. Newly […]
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Bitcoin's looming drop below $60,000 highlights the persistent bear market and shifting investor focus.
The post Beimnet Abebe: Bitcoin likely to drop below $60,000, bear market pressures broader crypto, and strategic accumulation advised for Q4 | Galaxy Brains appeared first on Crypto Briefing.
UMA voters backed “No” outcome despite Strategy selling BTC before May 31. Traders argued actual BTC sale timing mattered more than delayed SEC filing. The $80M Polymarket dispute exposed flaws in oracle-based resolution rules. A massive prediction pool on Polymarket has officially closed in a wave of bitter community disagreement today. This high-stakes market wagered […]
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Escalating Middle East tensions could fuel inflation fears, complicating Fed rate decisions and prompting defensive shifts in investment strategies.
The post Wall Street ends lower as Middle East tensions escalate, dragging Bitcoin to $73K appeared first on Crypto Briefing.
Bitcoin has rebounded from an intraday low near $61,500 after weaker-than-expected U.S. labor market data strengthened expectations that the Federal Reserve could still lower interest rates later this year. According to data from crypto.news, Bitcoin (BTC) price traded at around…
Bankless co-founder David Hoffman has disclosed how he redeployed capital after selling ETH, revealing a new portfolio tilted toward VVV, NEAR, ZEC, HYPE and LIT. The move marks a notable shift for one of Ethereum’s most recognizable public advocates and has triggered debate over whether Hoffman is rotating into a new long-term thesis or chasing a different segment of the market. In a post on X, Hoffman said he “immediately took ~50% of the capital to VVV, NEAR, ZEC, HYPE” after selling ETH. The other half, he said, was held back for dollar-cost averaging into an asset that had not already moved sharply higher. “I left the rest as capital to DCA into something not already up multiples,” Hoffman wrote, adding that NEAR was an exception because it was “~1.40 at the time.” He then said he had completed that second leg of the rotation: “I’ve finished buying LIT with that remaining 50%.” Why Hoffman Chose LIT As Next Major Crypto Bet The disclosure quickly shifted into a broader discussion
Bitcoin has been in freefall since June 2, 2026. What started as a midday flash crash that knocked the price from about $71,765 to $67,895 has turned into a three-day slide. By June 4, Bitcoin had fallen to $61,655, its…