Technical analysis of Bitcoin's price action on the daily candlestick timeframe places the cryptocurrency around the same resistance region where previous relief rallies have failed, turning the current price area into a major decision point for the next phase of the market. At the time of writing, Bitcoin is trading around $62,950, and bulls are trying to stabilize above $60,000 after a recent few days of heavy selling pressure.
The fraudster took in nearly $100 million from victims before laundering funds via Bitcoin, Ethereum, and stablecoins.
The tech-driven market downturn highlights vulnerabilities in growth-dependent sectors, impacting both traditional and digital asset valuations. S&P, Nasdaq fall as tech shares drag markets lower and Bitcoin follows suit.
On June 8, 2026, Blockstream CEO Adam Back publicly dismissed the technical proposal identified as BIP-110. The controversial initiative seeks to restrict non-monetary data in transactions through a user-activated soft fork (UASF). The current support level of network nodes for the implementation of this protocol stands at low single digits.
Amid escalating geopolitical tensions in the Middle East, bitcoin briefly dropped below $61,000 before rebounding to trade around $61,700—marking a 2.9% daily loss and wiping roughly $30 billion off its market capitalization.
BlackRock's portfolio shift signals a strategic pivot towards Ethereum, highlighting its growing institutional appeal and potential market impact. BlackRock sells $230M in Bitcoin while scooping up Ethereum in notable portfolio shift.
U.S. lawmakers are preparing to weigh a proposal that could remove a key tax friction for everyday Bitcoin (BTC) use, as markets digest fresh institutional flows, a wave of derivatives liquidations, and new security warnings targeting crypto wallet users. According to reporting shared by journalist Pete Rizzo, members of the U.S. House of Representatives are expected to discuss applying a ‘de minimis' exemption to small Bitcoin payments—effectively reducing capital gains tax obligations on low-value transactions to near zero.
Arthur Hayes has turned sharply defensive on risk assets, warning that an AI stock-market unwind could spill into crypto before Bitcoin eventually benefits from the liquidity response that follows. In his June 9 essay “Reality Test,” the BitMEX co-founder said Maelstrom has cut several crypto positions while keeping Bitcoin and Ether as core holdings.
Bitcoin (BTC) traded near $61,100 on June 9, extending a weekly decline of roughly 10% as continued institutional selling and persistent ETF outflows weighed on market sentiment. Despite the downturn, Binance founder Changpeng Zhao (CZ) encouraged investors to remain patient, emphasizing that Bitcoins current weakness does not signal the end of its long-term growth story.
Monaco's tax-free crypto gains appeal to wealthy investors, but high residency costs limit access, impacting global tax strategies. Monaco offers 0% capital gains tax on Bitcoin and crypto, but there's a catch.
Veteran trader Peter Brandt has highlighted a key technical pattern that could signal further downside for Bitcoin, raising doubts about the possibility of a crypto market summer rally in 2026. Brandt recently shared an analysis of the ProShares UltraShort Bitcoin ETF (SBIT), a leveraged investment product designed to deliver twice the inverse daily performance of Bitcoin.
Santiment's 30-day MVRV readings placed Bitcoin, Ethereum and XRP in fair buy zones after the latest market sell-off. Bitcoin's MVRV reached -10%, Ethereum hit -12% and XRP fell to -8%, while Cardano's -18% reading marked a stronger accumulation zone.