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7 Jun 2026, 14:00

Bitcoin’s Worst Week Since FTX Raises The Question: Is The Bottom Already In?

Bitcoin closed the week of June 5, 2026 down by almost 20%, its highest single-week percentage decline since the collapse of FTX in November 2022. The last time the market saw a candle this red, it was during the cycle bottom. This time, however, the current setup is more complicated, as Bitcoin is reacting to a combination of institutional selling pressure, ETF weakness, and fading confidence after a failed recovery attempt above $82,000. Related Reading: XRP Monthly RSI Drops To All-Time Low As Market Watches For Confirmation Bitcoin’s Drop Brings Back The FTX Comparison Bitcoin’s price action in the first week of June was one of its most notable weeks in history. BTC opened the week around $73,760, briefly pushed as high as $74,092, and then fell to a low of about $59,130, according to data from TradingView. The move translates to a decline of about 19.5% from the weekly open to the low and 20.1% from the high to the low, making it Bitcoin’s worst weekly percentage drop since the FTX crash in 2022, when the price fell by roughly 22% in a single week. However, there is also a note about where the candle is showing up in the market structure. During the FTX collapse, the violent weekly move came after months of selling pressure and ended up happening close to the final bear-market bottom. The current decline is also appearing after Bitcoin has already lost a major portion of its value from the October 2025 all-time high above $126,000. Bitcoin Price Chart. At the time of writing, Bitcoin is trading at $62,150, placing it about 50.7% below that peak. The similarity does not guarantee that the market has reached a bottom, but it does raise the possibility that the latest weekly price crash is moving into the kind of final-washout zone that followed FTX’s crash. That angle is being overlooked by many analysts, especially as several forecasts still point to a prolonged bear market that could stretch into at least Q4 2026 Bitcoin Enters Extreme Undervaluation Crypto analyst Darkfost noted that Bitcoin has now fallen below the 4% quantile on the Bitcoin Porkopolis Power Law Quantile Regression model. The chart places Bitcoin’s current quantile around 3.9%, meaning the asset is trading in a zone that has appeared during less than 4% of its historical price action relative to its long-term growth curve. The Power Law model is a long-term valuation model that can also be used for a reversal signal. Every prior instance in which the quantile oscillator reached this level, visible in the chart across 2015, 2018/2019, and the 2022 bottom, preceded notable multi-year recoveries. Bitcoin Power Law Regression. Source: @Darkfost_Coc On X Related Reading: Bitcoin Price Plunges To $59K, Sparking Fears Of Deeper Decline Bitcoin can stay undervalued for longer than traders expect, especially if the momentum is weak and there’s forced selling. Still, the metric does show that Bitcoin is now much closer to the lower regression bands than the overheated upper bands in previous cycle peaks. Featured image from Pexels, chart from TradingView

7 Jun 2026, 14:00

Monero Next? Researcher Who Found The Zcash Flaw Targets XMR For Future Audit

The security researcher, who discovered the Orchard Pool vulnerability in Zcash, says he has added other privacy-focused coins, including Monero, to his audit queue. Researcher To Audit Monero After Finding Zcash Flaw Security engineer Taylor Hornby, who used the Claude AI Opus 4.8 model, has revealed that he intends to audit Monero, among other crypto projects, in the near future. “Absolutely! I’ll add Monero to my queue of things to audit,” Hornby responded when asked on X whether he could look for bugs in XMR and other privacy-focused cryptocurrencies. The Orchard Counterfeiting flaw, which could have enabled a bad actor to mint unlimited, undetectable amounts of counterfeit ZEC tokens, had gone undetected since May 2022. Hornby discovered the counterfeiting vulnerability in Zcash’s Orchard pool on May 29 and reported it to Zcash Open Development Lab (ZODL), which coordinated an emergency network fix by June 2. The language in the public notice of the vulnerability emphasized that, while there was no evidence of exploitation, due to Zcash’s privacy property, there was no way to cryptographically confirm that the bug was not exploited during the period it went unnoticed. This impossible situation has cast doubt on the privacy feature in certain cryptocurrencies, such as Monero. Hornby explained that his close relationship with the Zcash developers and the impact of the crypto project on his life were the reasons he disclosed the flaw rather than exploiting it. Additionally, the security researcher revealed that he intends to apply for a Zcash coinholder grant while seeking voluntary donations to fund further work. The discovery of this vulnerability precipitated a level of FUD-driven capitulation in the crypto market, with ZEC losing nearly half of its value on the day. With Monero seemingly next on the list, anything less than a favorable security audit report could trigger the return of doubt into privacy-focused coins and the general cryptocurrency market. What’s The Next Move For The Privacy Coin? With no cryptographic way to confirm whether the counterfeiting vulnerability was exploited, Shielded Labs, alongside the ZODL and other key stakeholders, has launched a proposal called Ironwood. Ironwood is expected to enable users to verify the authenticity of ZEC’s circulating supply. According to the proposal, users would be able to independently verify the total circulating supply of Zcash by running a node. “As soon as Ironwood activates, users can verify from the consensus rules that no more than the correct amount of ZEC can be circulating,” the initial proposal read. As of this writing, the price of ZEC sits at around $400, reflecting an almost 4% jump in the past 24 hours.

7 Jun 2026, 14:00

Cardano (ADA) on Verge of First 2026 Weekly Death Cross, What's Ahead?

The last time Cardano had a death cross on its weekly chart was in December 2022.

7 Jun 2026, 13:53

Bitcoin Price Prediction: BTC Bottom Signal Returns as Bulls Target $68.5K

Bitcoin’s supply in loss has crossed 10.46 million BTC, a level that has appeared near past market bottoms. At the same time, new buy walls around $59,400-$61,100 suggest buyers are defending support as traders watch a possible move toward $68,500. Bitcoin Supply in Loss Hits 10.46M BTC as Bottom Signal Returns Bitcoin’s supply in loss has reached 10.46 million BTC, crossing a level that analyst Ali Charts says has historically appeared near major market bottoms. The chart, sourced from Glassnode, shows that Bitcoin often entered bottom-forming phases when more than 10 million BTC were held at a loss. Bitcoin Supply in Loss Chart. Source: Ali Charts on X / Glassnode The metric tracks how many coins are held below their purchase price. When this number rises sharply, it shows that a large part of the market is underwater. According to the analysis, selling pressure can begin to fade at these levels because fewer holders want to realize losses. That can reduce forced selling and increase the chance of a market bottom forming. However, this does not confirm an immediate recovery. The signal shows market stress and possible bottom formation, but Bitcoin may still move sideways or remain volatile before a clear reversal. Bitcoin Buy Walls Grow as Analysts Eye Potential Move Toward $68.5K Bitcoin is showing early signs of demand returning after a sharp decline, with new buy walls appearing across multiple price levels. At the same time, liquidity data suggests limited sell-side resistance remains until the $68,500 region, placing focus on whether buyers can extend the current recovery. Bitcoin 1-Hour Chart (BTC/USDT). Source: CW on X / TradingView According to analyst CW, additional buy walls have formed between roughly $59,400 and $61,100. These green liquidity zones represent areas where large buy orders are concentrated, potentially providing support if Bitcoin experiences another pullback. The chart shows Bitcoin rebounding from the recent low and climbing back above the clustered buy-wall region. The presence of multiple stacked support zones suggests buyers are actively defending lower levels after the recent market-wide selloff. On the resistance side, the analysis highlights a lack of significant sell walls between the current price area and approximately $68,500. The nearest major liquidity clusters appear around $68,500, $70,000, and $72,000, where sellers could become more active if Bitcoin continues higher. From a market structure perspective, Bitcoin remains below several key resistance zones created during the recent decline. However, the combination of growing buy-side liquidity and relatively thin overhead resistance could support further upside if buying momentum continues. For now, traders are watching whether Bitcoin can maintain support above the newly formed buy walls. A sustained hold could strengthen the recovery attempt and increase the probability of a move toward the next major liquidity area near $68,500.

7 Jun 2026, 13:35

XRP sees over 25 million in outflows as price stalls at $1.13! What does this mean for investors?

🚨 Over 25 million XRP withdrawn from exchanges but the price remains stuck at $1.13. 📈 ETFs linked to XRP are seeing steady inflows, hinting at ongoing institutional interest. 🪙 Investors in $XRP are waiting for broader crypto market stabilization before moving decisively. Continue Reading: XRP sees over 25 million in outflows as price stalls at $1.13! What does this mean for investors? The post XRP sees over 25 million in outflows as price stalls at $1.13! What does this mean for investors? appeared first on COINTURK NEWS .

7 Jun 2026, 13:34

AI predicts XRP price for June 10, 2026

XRP remains under bearish pressure as the broader cryptocurrency market struggles to regain momentum, but artificial intelligence analysis suggests the digital asset could stabilize and stage by June 10, 2026. The token fell to four-month lows amid a wider sell-off across digital assets, with investors reacting to profit-taking activity from large holders and ongoing uncertainty in risk markets. Despite the weakness, several underlying factors continue to support XRP’s longer-term outlook, including growing institutional adoption, expanding exchange-traded fund ( ETF ) exposure, and increasing activity on the XRP Ledger. To assess where XRP could be headed over the next few days, Finbold consulted OpenAI’s ChatGPT , which analyzed current market conditions, technical levels, and recent developments surrounding Ripple’s ecosystem. ChatGPT projected that XRP could trade between $1.25 and $1.35 by June 10, with a base-case target of approximately $1.30. The AI model noted that XRP appears to be approaching a key support zone after its recent decline toward the $1.15 region. Historically, similar pullbacks have attracted buyers looking to capitalize on discounted prices, particularly when broader fundamentals remain intact. Under a bullish scenario, ChatGPT predicted that stronger ETF inflows and improving market sentiment could push XRP toward the $1.40 level by June 10. Conversely, a bearish outcome driven by continued market weakness could see the token retest support near $1.15. XRP price catalysts ChatGPT identified XRP ETFs as a key catalyst, noting that continued institutional investment in XRP-linked products could help support prices despite recent volatility. The AI model also pointed to improving regulatory clarity in the U.S. as a positive factor, with ongoing digital asset legislation potentially encouraging greater institutional participation in the cryptocurrency market. However, ChatGPT warned that risks remain. Recent whale selling and broader market weakness continue to pressure XRP, and a break below key support levels could trigger further downside in the near term. XRP price analysis By press time, XRP was trading at $1.11 having gained by about 1.3% in the past day while on the weekly timeline, the cryptocurrency is down 17%. XRP seven-day price chart. Source: Finbold Meanwhile, XRP’s technical picture remains firmly bearish, with the cryptocurrency trading at well below both its 50-day simple moving average ( SMA ) of $1.38 and its 200-day SMA of $1.62. Trading below these key trend indicators suggests that both medium- and long-term momentum remain tilted to the downside, reflecting sustained selling pressure in recent months. However, the 14-day Relative Strength Index ( RSI ) stands at 18.61, placing XRP deep in oversold territory. An RSI below 30 typically indicates that selling may have become excessive, raising the possibility of a short-term relief rally or price stabilization as bargain hunters enter the market. The post AI predicts XRP price for June 10, 2026 appeared first on Finbold .