Bitcoin loses $60,000, falls to weakest price since October 2024
Several headwinds converged over bitcoin recently as its largest buyer turned seller, ETF investors headed for the exits, and rate-hike fears rose.
Crypto
XRP falls toward $1.10 as liquidation-driven selloff pushes token to multi-month lows
XRP lost another 5% after a high-volume breakdown overwhelmed support near $1.20, leaving traders focused on whether the latest washout marks capitulation or the start of a deeper slide.
Visa tests private stablecoin settlement with Brale, Canton
Visa is testing private stablecoin settlement on Canton with Brale, exploring whether institutions can use blockchain without exposing sensitive transaction data.
Zcash weighs new shielded pool after counterfeiting flaw
Zcash developers are weighing a new shielded pool and turnstile accounting after the Orchard bug raised supply verification questions.
CoinDesk 20 performance update: Bitcoin (BTC) price drops 2.8% as index declines
All twenty constituents in the CoinDesk 20 index were trading lower since yesterday.
Hyperliquid Hit by UK FCA Warning as Crypto Perps Face Scrutiny
The warning from the UK’s Financial Conduct Authority adds pressure to a perps market already under increasing scrutiny from regulators.
Bitcoin needs one more thing to happen to spark BTC price ‘rally:’ Analysis
Bitcoin whales flipped to support a BTC price rebound, but analysis warned that the Coinbase and Kimchi Premium still needed to return.
U.S. job growth blows past forecasts, setting stage for Fed rate hikes
Bitcoin is now facing another headwind — the prospect of higher interest rates.
Bearish zcash bets hit record high as privacy token’s price crashes
Liquidations were small relative to the size of the decline, pointing to spot selling rather than a leverage cascade, while open interest in ZEC futures climbed to a record high in token terms as traders crowded into the slide from the short side.
Morning Minute: Massive ZCash Exploit Found by Claude, Extent Unknown
The ZCash team hired a hacker to find an exploit in the ZCash protocol, and he exposed a glitch that has been out there for four years.
House GOP eyes summer vote on prediction market restrictions for lawmakers
House Republicans plan a summer vote on a congressional stock trading ban and new restrictions on lawmakers’ prediction market activity.
JPMorgan, Citi-backed Clearing House plans tokenized deposit network in 2027: WSJ
Some of the largest banks are reportedly launching a tokenized deposit network in early 2027 in response to growing competition from stablecoin companies entering TradFi.
How low can Bitcoin price go if $60K support fails?
Bitcoin’s downside targets cluster near $50,000, but a larger weekly bearish setup puts a deeper correction toward $33,000 on the radar.
Live updates: bitcoin below $62,000 as blowout jobs data, Zcash bug keeps pressure on crypto
Zcash plummeted 40% after Shielded Labs revealed a major bug that went undetected for 4 years.
Arthur Hayes dumps zcash holdings after Orchard Pool vulnerability revealed
Hayes said he would reconsider his stance if his assumptions that an exploit is still possible prove to be incorrect.
Pump.fun’s Latest Experiment Is Already Getting Weird
Pump.fun’s GO bounty platform already has hundreds of listings following its pitch to let users “Pay ANYONE to do ANYTHING.”
Bitcoin sentiment hit peak bearishness at recent lows, peak bullishness near tops
Your day-ahead look for June 5, 2026
Forward Industries moves $32M in SOL amid $1B paper loss
Forward Industries moved $31.9 million in SOL to Coinbase Prime as its Solana bet sits over 70% underwater, underscoring growing strain on corporate crypto treasuries.
South Korea police probe Polymarket users over illegal gambling claims: Report
South Korean police reportedly launched the country’s first illegal gambling probe into local Polymarket users amid election-betting scrutiny.
ZEC Crashes 38% as Zcash Discloses ‘Critical Counterfeiting Vulnerability’
An Orchard vulnerability that allowed undetectable counterfeiting of ZEC in its shielded pool has reignited debate over privacy coins.
Crypto’s worst week since July 2024 deepens as bitcoin, ether near critical price levels
Crypto is on course for its worst week since July 2024, with the ether price approaching a critical support as a zcash exploit and AI capital rotation pile on the pressure.
JPMorgan, Bank of America, Citi to start blockchain offensive with shared tokenized network
American’s biggest banks plan to introduce a shared tokenized network next year to tackle the potential threat of stablecoins eating into their deposits.
U.S. bitcoin, ether ETFs end record multibillion outflow streak
U.S. spot bitcoin ETFs pulled in a net $3.05 million on Thursday, capping 13 straight sessions of outflows totaling roughly $4.4 billion. Ether ETFs ended a 17-day outflow streak.
Here’s what could happen if bitcoin breaks below $60,000
A confluence of factors makes $60,000 as key level to watch for in the near term, according to Deribit.
Crypto billionaires bankroll Nigel Farage’s pro-crypto party
Tether-linked billionaire Christopher Harborne and BitMEX co-founder Ben Delo donated $9.4 million to Nigel Farage’s Reform UK in the first quarter.
Strategy’s leveraged Bitcoin model has faced its first stress test: Grayscale
“Less Bitcoin on levered DAT balance sheets and more on diversified corporate balance sheets will be a positive,” said Grayscale’s head of research, Zach Pandl.
Bitcoin in danger of dropping to $60,000, with Zcash bulls turning their backs on ZEC
AI bets are recording rapid profit-taking as Broadcom as outlook for AI-chip sales fell short of high expectations, driving down crypto markets.
Bitcoin plunges to near $62,000 as the AI trade unwinds, HYPE falls 14%
Broadcom’s disappointing AI chip outlook pulled the Nasdaq lower for a third session, dragged Asian equities down with it, and took crypto along for the ride.
Anthropic’s warning: AI is on the cusp of getting smarter on its own
Companies have been developing AI very quickly to stay ahead of the market, but Favaro and Clark argue that a slowdown would allow more time to deal with the technology’s implications.
Zcash plummets 30% as Shielded Labs reveals a major bug that went undetected for four years
Shielded Labs revealed that the bug could have helped an attacker print unlimited counterfeit tokens. That could have damaged trust in the token’s supply and its value.