Invest ideasNews
8 Jun 2026, 12:48
Weak derivatives signal keeps Cardano below $0.170
Cardano lost 28% of its value in the last seven days, losing its position in the market to become the 15th-largest cryptocurrency by market cap. It has declined below the $0.1700 level, with sentiment largely unsettled by remarks from founder Charles Hoskinson, which briefly intensified uncertainty across the market before being partially clarified. Cardano drops to 15th on the CMC list Cardano was the 10th-largest cryptocurrency by market cap a few weeks ago. However, it has lost nearly $4 billion in market cap during that period and has dropped to 15th place. ADA lost 30% of its value in the last seven days after Hoskinson posted “I’m taking a break, TTYL” on X, triggering confusion among investors. However, the Cardano founder later clarified during a livestream that he was stepping back from social media engagement rather than exiting the project, emphasizing continued commitment to the project’s long-term development. Despite the clarification, ADA had already dropped sharply, reaching a low near $0.148, its weakest level since late 2020, before recovering modestly. In addition to that, on-chain data suggests a divergence in large-holder behavior during the selloff. According to Santiment supply distribution metrics, wallets holding 10M–100M ADA accumulated roughly 220 million ADA during the dip. Meanwhile, wallets holding 100K–10M ADA collectively reduced exposure by about 140 million ADA. This metric indicates that while some large investors viewed the correction as a buying opportunity, others continued to distribute holdings into weakness. In addition to that, the futures market metrics point to declining interest in ADA exposure. Open interest has dropped to around $361 million, down significantly from a recent high of $585 million in May. The decline brings participation back to levels not seen since late 2024, suggesting reduced speculative activity. Finally, ADA’s long-to-short ratio sits near 0.67, indicating a continued bearish tilt as traders position for further downside. Cardano technical outlook: Will ADA stay above $0.140? The ADA/USD 4-hour chart is extremely bearish as Cardano remains firmly in a downtrend. At press time, ADA is trading at $0.167, below the 50-day EMA at $0.230, the 100-day EMA at $0.258, and the 200-day EMA at $0.330. Momentum indicators continue to reflect weakness. The Relative Strength Index (RSI) sits below 50, indicating a bearish trend, while the MACD remains negative, signaling persistent bearish momentum. If the bulls regain control, ADA could face major resistance at the 50-day EMA level ($0.232). A daily candle close above this level would expose higher resistance zones at $0.258, $0.299, and $0.332 However, if the selloff continues, Cardano could likely drop to the $0.140 support level in the near term. While whale accumulation suggests some investors are positioning for a potential rebound, broader market structure remains fragile. Weak derivatives activity, heavy technical resistance overhead, and recent sentiment shocks indicate that any recovery in Cardano may remain limited unless buying pressure strengthens significantly in the near term. The post Weak derivatives signal keeps Cardano below $0.170 appeared first on Invezz
8 Jun 2026, 12:41
SpaceX IPO: Bitwise CEO Breaks Down Why Bitcoin, Ethereum Traders Should Not Be Jealous
Bitwise CEO Hunter Horsley has urged crypto investors to take a longer view as Bitcoin, Ethereum, and other digital assets face renewed pressure from market weakness, exchange inflows, and a wider shift in investor attention toward artificial intelligence and major technology listings. In comments shared on X, Horsley said crypto investors should not measure the sector by weekly headlines or monthly price moves unless they are trading short-term volatility. He said investors should focus on substance, including usage, on-chain technology with product-market fit, corporate adoption, institutional activity, team quality, and execution. His comments came as Bitcoin attempted to hold a key support range near $60,000 to $62,000, after falling below the $64,000 area. A move from $64,000 to $60,000 would represent a decline of about 6.25%, while a drop to $62,000 would equal roughly 3.13%. Market attention has also turned to exchange inflows from older Bitcoin holders, with activity rising among coins held for three to six months and six to 12 months. Horsley Says Crypto Should Be Measured Over Years, Not Weeks Horsley compared the development path of crypto with other technology platforms that took years to reach mainstream visibility. SpaceX was founded in 2002, OpenAI in 2015, Bitcoin in 2009, Ethereum in 2015, Solana in 2018, and Hyperliquid in 2024. He said the public often sees technology successes only after long development cycles, while the early years include funding pressure, market setbacks, and periods of doubt. The Bitwise executive said investors in crypto may feel “quietly jealous” of AI and SpaceX but added that major technology stories rarely develop in a straight line. OpenAI launched ChatGPT seven years after its founding, while SpaceX spent more than two decades building toward its current market position. Horsley also drew a line between investors and traders. He said anyone whose conviction depends on what happens in the next 12 months is operating more like a trader than a long-term investor. He noted that both approaches can be valid, but they use different timeframes and risk frameworks. Bitcoin Faces Older-Coin Exchange Inflows as Price Tests Support On-chain data cited in the market discussion showed higher exchange deposits from medium-term Bitcoin holders. The Exchange Inflow Spent Output Age Bands chart reportedly showed rising activity from the three-to-six-month and six-to-12-month cohorts, with recent spikes among the largest visible on the chart. When older coins move to exchanges, analysts often monitor the activity as a possible distribution. Coins that stayed inactive for months may be transferred to trading venues where they can be sold or used as collateral. A single spike does not confirm selling pressure, but repeated inflows during a price decline can point to weaker holder conviction. Source: X Bitcoin’s near-term market structure remains focused on the $60,000 to $62,000 zone. A short-term bounce has been noted, but sustained recovery would require stronger buying, lower sell-side pressure, and improved spot demand. Exchange inflows from older holders may remain a key data point for traders watching whether the correction continues or stabilizes. At the same time, some market participants have reduced crypto exposure. Trader Eugene was cited as saying he had largely exited crypto and shifted toward U.S. equities, citing weaker risk-reward conditions in digital assets. He also expressed a bearish view on Strategy and Michael Saylor, pointing to the company’s high correlation with Bitcoin. AI Funding and SpaceX IPO Add Pressure to Crypto Liquidity Michael Saylor has attributed the June 2026 crypto downturn to a large capital rotation into AI infrastructure and major technology offerings. According to the view attributed to Saylor, capital markets absorbed about $400 billion over six months to fund frontier AI buildouts, including data centers, GPU chips, and related infrastructure. Consequently, the market narrative has pointed to the planned SpaceX IPO as another source of liquidity demand. As we reported, SpaceX is scheduled to list on Friday, June 12, under the ticker SPCX on Nasdaq, seeking to raise $75 billion by selling 555.6 million shares at $135 each, valuing the company at about $1.77 trillion. Meanwhile, according to CoinCodex’s SpaceX Pre-IPO stock forecast , SPAX is projected to rise from $125.83 to $126.40 over the next month and $132.86 over three months. Saylor argues that Bitcoin, as a highly liquid risk asset, can be sold by institutions when capital is needed for other large allocations. In that framework, outflows from Bitcoin funds and weakness in crypto prices do not necessarily reflect a breakdown in network fundamentals, but rather a temporary reallocation of capital toward AI and public market technology deals.
8 Jun 2026, 12:41
Bitcoin's $63K Reclaim Liquidates $540M in Crypto Shorts, a 7-Week High
Experts remain cautious of Bitcoin’s weekend rebound to $63,000, pointing to ETF outflows and CME BTC volatility.
8 Jun 2026, 12:35
XRP Price Prediction: Only BTC and XRP Have Survived the Top 10 Since 2014
XRP price is hovering around $1.15, with a confluence of on-chain signals, institutional inflows, and market structure indicating its strength. History shows that only Bitcoin and XRP have held top-10 market cap positions since 2014. It is a big deal. XRP clawed back above the $1.10 support level following a turbulent week, and the move came with real conviction behind it. Over 25 million XRP tokens left exchanges during the period, a pattern associated with whale accumulation. INSIGHT: $XRP is the only cryptocurrency besides Bitcoin to have remained in the top 10 by market capitalization since 2014. pic.twitter.com/Mq5n74b5qM — CoinGecko (@coingecko) June 8, 2026 Daily spot volume surged 16% to surpass $2 billion, while XRP investment products have now drawn more than $1.4 billion in cumulative inflows. It frames the current price action not as noise but as a data point in a much longer trend. Discover: The Best Crypto to Diversify Your Portfolio Can XRP Price Reclaim $1.40 Resistance and Target Its 2025 Highs? XRP is currently consolidating in the $1.13–$1.15 range, holding above the near-term pivot at $1.08 and building on its reclaimed $1.10 support. The 16% volume spike accompanying the move is encouraging and is exactly what technical traders want to see. The downside structure is relatively clear. We flag $1.06, $1.03, and $1.00 as successive support levels on any pullback. The $1.00 psychological floor functions as the bull-case invalidation line, so a clean weekly close below it would shift the structure decisively bearish. Xrp (XRP) 24h 7d 30d 1y All time For the bulls, if exchange outflows persist and the ETF narrative accelerates, XRP could reclaim the $1.30-$1.40 resistance and target the $2.50–$3.50 range that analyst consensus clusters around for 2026. However, in the case of macro deterioration, it could break under $1.00 as macro and technical indicators suggest XRP’s price will retrace in the coming days, following the recent breakout. Discover: The Best Token Presales LiquidChain Eyes Early-Mover Upside as XRP and BTC Consolidate at Key Levels Here’s the tension for traders right now: XRP and Bitcoin have already survived multiple boom-bust cycles. The asymmetric upside that early holders captured in 2014 or 2017 is structurally compressed at these market caps. Which raises a reasonable question: where does the next 10x actually live? The Order holds many artifacts. None as powerful as the LiquidChain L3. ⟁ https://t.co/vqvBcdSQYC pic.twitter.com/VJcTNVNGre — LiquidChain (@getliquidchain) June 7, 2026 LiquidChain ($LIQUID) is an early-stage Layer 3 infrastructure project built around a specific and underserved problem: fragmented liquidity across Bitcoin, Ethereum, and Solana. Its Unified Liquidity Layer fuses all three ecosystems into a single execution environment, with Single-Step Execution, Verifiable Settlement, and a Deploy-Once Architecture that lets developers access BTC, ETH, and SOL liquidity without redeploying across chains. The presale is live at $0.01467 per $LIQUID , with $830K raised to date. It is still early enough that the entry price reflects infrastructure-stage risk, not post-hype premiums. Research LiquidChain’s presale terms here before the presale window closes. The post XRP Price Prediction: Only BTC and XRP Have Survived the Top 10 Since 2014 appeared first on Cryptonews .
8 Jun 2026, 12:28
Bitcoin Rebounds to $63K After Sub-$60K Plunge as Strategy Buys 1,550 BTC, Fed Hike Odds Hit 68%
Bitcoin News Bitcoin clawed back above $63,000 on Monday after a brutal Friday selloff dragged the asset below $60,000 for the first time since October 2024, with prices bottoming near $59,227 befo...
8 Jun 2026, 12:23
China Banned Bitcoin — Then One Of Its Highest Courts Just Ruled It’s Protected Property
China’s Supreme People’s Procuratorate published a landmark case on June 7 in which prosecutors in Qingdao successfully argued that Bitcoin qualifies as legally protected property under the country’s criminal law — sentencing a thief to nearly 11 years in prison for stealing 107 Bitcoin — in a ruling that creates a striking legal contradiction at the heart of Beijing’s five-year-old blanket crypto ban. The case, published on the Supreme People’s Procuratorate’s official website under the headline “107 Bitcoins Disappeared,” centers on a defendant identified only by the surname Zhang. According to the court documents, Zhang obtained the victim’s cryptocurrency wallet recovery phrase and used it to transfer and sell 107 Bitcoin belonging to the victim — an act the Qingdao prosecutors successfully prosecuted as theft of property under Chinese criminal law, per the SPP’s official account of the case. Zhang was sentenced to ten years and nine months in prison and fined 100,000 yuan — approximately $13,800 — per the official ruling. The value of the stolen property was calculated based on the 660,000 yuan, or roughly $91,000, that Zhang received from liquidating the Bitcoin after the theft. The prosecution’s core legal argument was that Bitcoin satisfies the statutory definition of property under Chinese criminal law because it holds demonstrable economic value and can be exclusively controlled by its owner — two criteria that define protectable property interests under the Chinese legal framework. The Contradiction At The Center Of Chinese Crypto Law The Qingdao ruling places Beijing’s legal system in an uncomfortable but increasingly documented position. China’s September 2021 blanket ban — jointly issued by ten regulatory bodies including the People’s Bank of China — declared all cryptocurrency transactions illegal, effectively prohibiting trading, exchanges, and mining across the country. In May 2026, China expanded that crackdown to explicitly cover stablecoins, RWA tokenization, and offshore yuan-pegged digital currencies, with a two-year rectification deadline for all unauthorized cross-border financial channels. Yet Chinese courts have simultaneously and consistently affirmed Bitcoin’s status as protected property in criminal proceedings. A Shanghai court ruled in 2024 that crypto ownership is legal under Chinese law, per the South China Morning Post. The Shanghai Second Intermediate People’s Court previously described Bitcoin as a “unique and non-replicable” asset with clear financial attributes. And now the Supreme People’s Procuratorate — China’s highest prosecutorial authority — has published the Qingdao case as a model ruling, signaling to prosecutors nationwide that this is the correct framework for handling Bitcoin theft cases. Why The SPP Published This Case Publication by the Supreme People’s Procuratorate is not routine reporting. Cases featured on the SPP’s official platform are selected as guidance for lower-level prosecutors and courts handling similar matters across China’s 34 provincial-level jurisdictions. By highlighting the Qingdao case, Beijing’s highest prosecutorial body is effectively issuing an instruction: when Bitcoin is stolen, prosecute it as property theft and value it at market rates. That instruction operates regardless of — and in direct tension with — the trading and transaction ban that nominally makes Bitcoin illegal to hold or transfer in China. The legal architecture this creates is genuinely novel. China simultaneously tells its citizens they cannot buy, sell, or trade Bitcoin — and tells its courts that if someone steals it, the full weight of criminal law will protect the victim’s property rights. The nascent sector has never encountered a major jurisdiction that bans its use and protects its ownership simultaneously at the highest legal level. This development marks a pivotal and legally complex moment for Bitcoin’s global status. A ruling published by China’s Supreme People’s Procuratorate confirming Bitcoin as legally protected criminal property — in a country that officially bans its use — is not a minor jurisdictional footnote. It is a signal that even the world’s most restrictive crypto regime cannot fully escape the legal reality of what Bitcoin is. Cover image from Grok, BTCUSD chart from Tradingview
