hodler

8 Jun 2026, 14:37

Blame bitcoin's tumble on rising inflation, not Strategy, 10xResearch argues

The main driver behind bitcoin's weakness was ETF selling after red-hot April U.S. inflation data, 10x's Markus Thielen argued. The bounce may hinge on Wednesday's CPI data, he said.

8 Jun 2026, 14:34

Ethereum Price Analysis: Can ETH Maintain Its Recovery? The Next Trading Days Will Be Crucial

Ethereum has staged a notable recovery after suffering a steep decline toward the $1.5K region. While the rebound has improved short-term sentiment, the broader structure remains bearish across higher timeframes, with ETH still trading below major moving averages and a long-term descending trendline. The coming sessions will likely determine whether this move evolves into a sustainable recovery or merely a relief rally within a larger downtrend. Ethereum Price Analysis: The Daily Chart On the daily timeframe, ETH remains under significant technical pressure despite the recent bounce from the $1.5K support area. The price briefly swept below the major demand zone around $1.5K before attracting buyers and rebounding toward $1.7K. The broader market structure continues to favor sellers. Ethereum is trading below both the 100-day moving average near $2.1K and the 200-day moving average around $2.4K. This indicates that the higher-timeframe trend remains firmly bearish. In addition, the long-term descending trendline extending from previous highs continues to cap upside attempts and reinforces the prevailing downtrend. The last leg of the selloff established a clear bearish impulse, with the Fibonacci retracement levels now highlighting potential recovery targets where sellers may re-enter the market. The first notable resistance lies at the 0.5 retracement level around $1.77K, followed by the 0.618 level at $1.83K, and the 0.786 retracement near $1.92K. These levels are expected to serve as potential rejection zones if sellers remain in control of the broader trend. Therefore, while the ongoing rebound could extend toward this resistance cluster, traders should closely monitor price action around these areas, as they may become attractive regions for renewed supply and another bearish continuation attempt. ETH/USDT 4-Hour Chart The lower timeframe reveals a more constructive short-term picture. After capitulating into the $1.5K low, ETH formed a strong reactionary bounce and is currently getting support from the bullish fair value gap positioned around the $1.64K region. This area is acting as an immediate demand zone and could provide support if a short-term pullback occurs. The recovery has also pushed RSI above the midpoint level, indicating improving momentum after the aggressive selloff. However, the market remains below the key Fibonacci resistance cluster between $1.75K and $1.85K. This range now represents the primary liquidity zone where sellers may attempt to regain control. A continuation toward that area appears possible as long as ETH remains above the bullish fair value gap. If buyers can maintain momentum and reclaim the $1.77K level, a larger short-squeeze toward $1.83K and $1.92K could develop. On the other hand, losing the fair value gap support around $1.64K would weaken the recovery structure and increase the probability of another test of the $1.5K low. Sentiment Analysis The Coinbase Premium Index provides additional insight into current market sentiment. The metric measures the price difference between Coinbase and offshore exchanges and is often used as a proxy for U.S. institutional demand. The chart shows that the Coinbase Premium Index has spent most of the recent period in negative territory, coinciding with Ethereum’s prolonged decline from $5K toward the current cycle lows. The latest reading remains below zero at approximately -0.04, indicating that U.S. spot demand is still relatively weak. That said, the metric has rebounded sharply from recent extreme negative readings near -0.15. Historically, such deeply negative premium levels often emerge during periods of capitulation and heavy selling pressure. The recent recovery suggests that selling intensity may be easing, even if strong accumulation has not yet returned. For a more durable bullish reversal, the Coinbase Premium Index would ideally need to reclaim positive territory and remain consistently above zero. Until then, the data suggests that Ethereum’s current bounce is being driven more by relief from oversold conditions than by clear evidence of aggressive institutional accumulation. The post Ethereum Price Analysis: Can ETH Maintain Its Recovery? The Next Trading Days Will Be Crucial appeared first on CryptoPotato .

8 Jun 2026, 14:30

Bitcoin price eyes $90K as FTX-era BTC bullish divergence flashes again

Bitcoin flashes only its second weekly bullish divergence on record, a signal that previously preceded a 755% BTC price rally.

8 Jun 2026, 14:25

Can Washington ignore 200+ crypto firms latest message? CRCL, MARA, COIN surges don't think so

More on Coinbase, MARA Holdings, etc. Robinhood Markets, Inc. (HOOD) Presents at Piper Sandler Global Exchange and Fintech Conference Transcript MARA Holdings: A $1.5 Billion Acquisition Just Transformed Its Identity Robinhood Markets, Inc. (HOOD) Shareholder/Analyst Call Transcript Crypto stocks in focus as Bitcoin steadies after deep selloff Market momentum: The S&P 500 stocks that crushed it and crashed this week

8 Jun 2026, 14:25

Sam Bankman-Fried Formally Requests Presidential Pardon from Donald Trump

BitcoinWorld Sam Bankman-Fried Formally Requests Presidential Pardon from Donald Trump Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, has formally requested a presidential pardon from U.S. President Donald Trump, according to a report from Bloomberg. The request comes as the White House considers a broad slate of pardons tied to the 250th anniversary of American independence. Context of the Pardon Request Bankman-Fried, commonly known as SBF, is currently serving a 25-year prison sentence after being convicted on multiple counts of fraud and conspiracy related to the misuse of billions of dollars in customer funds at FTX and its affiliated hedge fund, Alameda Research. His legal team has reportedly filed the formal pardon application with the Department of Justice, though the specific grounds for clemency have not been publicly detailed. The request arrives at a time when President Trump has signaled interest in issuing a large number of pardons. The Wall Street Journal previously reported that the administration is considering clemency for up to 250 individuals to mark the nation’s semiquincentennial, with a potential announcement during events on either June 14 or July 4 of this year. Implications for the Crypto Industry The development has drawn attention from both legal observers and the cryptocurrency community. Bankman-Fried was once a prominent figure in digital assets, known for his political donations and advocacy for crypto regulation. His conviction in 2023 was seen as a landmark case in the government’s crackdown on financial misconduct in the sector. A pardon would effectively wipe out his federal convictions, though it would not necessarily resolve civil liabilities or potential state-level charges. Legal experts note that presidential pardons are typically granted based on demonstrated rehabilitation, unusual circumstances, or broader policy considerations. Why This Matters to Readers For those following the aftermath of the FTX collapse, this pardon request represents a significant legal maneuver that could reshape the narrative around one of the most consequential financial fraud cases in recent history. It also highlights the intersection of political power and the cryptocurrency industry, raising questions about accountability and the limits of executive clemency. The outcome of this request will be closely watched by investors, legal professionals, and policymakers alike, as it may set a precedent for how high-profile financial criminals are treated under the current administration. Conclusion Sam Bankman-Fried’s formal pardon request adds a new chapter to the ongoing saga of the FTX collapse. While the White House has not commented on the specific application, the broader consideration of mass pardons for the 250th anniversary creates a unique window for such a petition. Whether the request is granted remains uncertain, but it underscores the continuing legal and political fallout from one of the largest fraud cases in American history. FAQs Q1: What charges is Sam Bankman-Fried currently serving time for? He was convicted on seven counts of fraud, conspiracy, and money laundering related to the misuse of customer funds at FTX and Alameda Research. He received a 25-year federal prison sentence. Q2: Can a presidential pardon erase all legal consequences for SBF? A federal pardon would eliminate his criminal convictions and restore certain civil rights, but it would not affect any potential state-level charges or civil lawsuits from creditors and investors. Q3: When might President Trump announce these pardons? According to reports, the administration is considering announcing the pardons around June 14 or July 4 of this year, coinciding with the 250th anniversary of U.S. independence. This post Sam Bankman-Fried Formally Requests Presidential Pardon from Donald Trump first appeared on BitcoinWorld .

8 Jun 2026, 14:24

Bitmine Adds 127K ETH to 5.54M Treasury, MetaMask Launches AI Agent Wallet

Ethereum News Bitmine Immersion Technologies accelerated its accumulation last week, purchasing 126,971 ETH for roughly $207 million and lifting its total treasury to 5,543,872 tokens worth about $...