hodler

5 Jun 2026, 08:45

Michael Saylor blames AI boom for Bitcoin’s weakness: ‘This is capital rotation’

Here's why an analyst believes BTC could breach the $60K support.

5 Jun 2026, 08:35

Binance to Halt NEAR Deposits and Withdrawals for Network Upgrade on June 9

BitcoinWorld Binance to Halt NEAR Deposits and Withdrawals for Network Upgrade on June 9 Binance, the world’s largest cryptocurrency exchange by trading volume, has announced a temporary suspension of deposits and withdrawals for Near Protocol (NEAR) to accommodate a scheduled network upgrade. The halt will take effect at 8:00 a.m. UTC on June 9. Scheduled Maintenance Details According to an official notice from Binance, the suspension is a standard procedure to ensure the safety and stability of user funds during the network upgrade. The exchange will resume deposits and withdrawals once the upgrade is complete and the network is deemed stable. Users are advised to monitor Binance’s status page for the exact resumption time, which will be announced separately. What This Means for NEAR Traders For traders holding NEAR on Binance, the suspension means they will be unable to move tokens in or out of the exchange during the maintenance window. However, trading pairs involving NEAR are expected to remain unaffected. The halt is a routine technical measure and is not expected to impact the broader market, though short-term volatility around the upgrade period is possible. Near Protocol’s Network Upgrade Near Protocol, a layer-1 blockchain known for its sharded architecture and developer-friendly environment, regularly undergoes network upgrades to improve scalability, security, and functionality. The specific details of the upcoming upgrade have not been fully disclosed by the Near team, but such updates typically include protocol improvements and bug fixes. Users holding NEAR in self-custody wallets or on other exchanges are not affected by this Binance-specific suspension. Conclusion The temporary suspension of NEAR deposits and withdrawals on Binance is a standard operational procedure tied to a network upgrade. Users should plan accordingly and ensure any pending transactions are completed before the cutoff time. Binance has a track record of resuming services promptly after such maintenance events. FAQs Q1: Will my NEAR funds be safe during the suspension? Yes. Your NEAR balance on Binance will remain secure and unaffected. The suspension only affects the ability to deposit or withdraw tokens. Q2: How long will the suspension last? Binance has not specified an exact duration, but the suspension will be lifted once the network upgrade is complete and the network is confirmed stable. Updates will be posted on Binance’s official status page. Q3: Can I still trade NEAR on Binance during the suspension? Yes. Trading pairs involving NEAR are expected to remain active throughout the maintenance period. Only deposits and withdrawals are temporarily disabled. This post Binance to Halt NEAR Deposits and Withdrawals for Network Upgrade on June 9 first appeared on BitcoinWorld .

5 Jun 2026, 08:31

Here’s why the Bitway token just exploded 233%

Bitway (BTW) has emerged as one of the strongest-performing cryptocurrencies today after its price surged more than 233% in 24 hours, pushing the token to a new all-time high and drawing significant attention from traders. The rally saw BTW climb from a 24-hour low of $0.01196 to as high as $0.04572 before pulling back slightly. At press time, the token was trading around $0.0399, still holding onto most of its gains despite the slight pullback. The sharp price increase was accompanied by a major jump in trading activity. Daily trading volume reached nearly $44.9 million, an unusually high figure for the project and a sign that the move was supported by strong market participation rather than isolated buying activity. Now the question is why did the Bitway token price surge that much? Gate launched perpetual futures trading for Bitway (BTW) One of the biggest developments for Bitway came on June 4, when cryptocurrency exchange Gate launched perpetual futures trading for BTW. The exchange introduced the BTWUSDT perpetual contract , allowing traders to take both long and short positions with leverage ranging from 1x to 20x. Trading officially began at 13:00 UTC on June 4. The listing marked an important step for the BTW token by expanding the ways traders could gain exposure to it. Before the futures listing, participation was largely limited to spot trading, and the addition of leveraged derivatives created a new source of demand and significantly increased the token's visibility among active traders. Normally, perpetual futures products often attract larger trading volumes because they enable speculation on both upward and downward price movements. They also allow traders to use leverage, increasing the amount of capital that can enter a market over a short period. In Bitway's case, the market reacted almost immediately. Bitway token price prediction Following a move of this magnitude, attention has shifted toward whether BTW can maintain its gains. Market analysis highlights the area around $0.03 as an important support zone. The token's ability to remain above that level while maintaining elevated trading volume could determine whether the rally develops into a period of consolidation or continues higher. The main risk facing the market is a sharp decline in trading activity. If volume begins to fade significantly, some traders could decide to lock in profits after the recent rally. At the same time, the market is overstretched following the sudden price surge. In that scenario, the $0.025 to $0.028 range is the potential area where the price could stabilise during a correction. For now, however, the focus remains on the impact of the Gate futures launch and the unusually strong volume that accompanied it. Together, those factors helped transform Bitway from a relatively quiet token into one of the cryptocurrency market's biggest gainers over the past 24 hours. The post Here’s why the Bitway token just exploded 233% appeared first on Invezz

5 Jun 2026, 08:30

Forward Industries moves 455,784 SOL to exchange amid 19.3% drop! What does this signal for investors?

🚨 Forward Industries moved 455,784 $SOL to Coinbase Prime after a month of silence. 📉 The company is now facing $1.3 billion in unrealized losses as SOL slid nearly 20 percent since June began. 🔎 Solana’s network activity is still red hot despite the sharp price drop. Continue Reading: Forward Industries moves 455,784 SOL to exchange amid 19.3% drop! What does this signal for investors? The post Forward Industries moves 455,784 SOL to exchange amid 19.3% drop! What does this signal for investors? appeared first on COINTURK NEWS .

5 Jun 2026, 08:20

Bitcoin Breaks $63,000: What’s Driving the Latest Move?

BitcoinWorld Bitcoin Breaks $63,000: What’s Driving the Latest Move? Bitcoin (BTC) has climbed above the $63,000 mark, according to data from Bitcoin World’s market monitoring. On the Binance USDT trading pair, BTC was last seen changing hands at $63,001.98, reflecting renewed buying pressure in the digital asset market. Breaking Through a Key Level The move above $63,000 represents a notable recovery from recent consolidation phases. Over the past several weeks, Bitcoin had traded in a relatively tight range, with traders watching the $60,000 to $62,000 zone for signs of a breakout. This latest push suggests that bullish momentum is building, although the sustainability of the rally remains to be seen. Market participants are closely monitoring whether BTC can hold above this psychological level. Historically, round numbers like $63,000 often act as both support and resistance, depending on the volume and conviction behind the move. Context and Market Implications The broader cryptocurrency market has been influenced by a combination of factors, including macroeconomic data, regulatory developments, and institutional adoption trends. While no single catalyst has been identified for this specific uptick, the overall sentiment appears cautiously optimistic. For traders, a sustained move above $63,000 could open the path toward the next major resistance zone near $65,000. Conversely, a failure to hold this level might lead to a retest of support around $60,000. As always, volatility remains a defining characteristic of Bitcoin’s price action. What This Means for Investors For long-term holders, short-term price fluctuations are often less concerning than the broader trajectory. However, for active traders and those entering new positions, understanding the context of this breakout is essential. The current move underscores the importance of monitoring volume, order book depth, and market sentiment alongside price data. Bitcoin’s ability to reclaim and hold the $63,000 level could signal a shift in market dynamics, potentially attracting more retail and institutional interest. However, it is equally important to recognize that cryptocurrency markets remain highly speculative, and price movements can reverse quickly. Conclusion Bitcoin’s rise above $63,000 is a significant technical development that merits attention. While the immediate catalyst remains unclear, the move reflects ongoing demand and a positive shift in market sentiment. Traders and investors should continue to monitor key support and resistance levels, as well as broader market trends, to navigate the evolving landscape. FAQs Q1: Why did Bitcoin rise above $63,000? The exact catalyst is not confirmed, but the move likely reflects a combination of technical buying, positive market sentiment, and possibly macroeconomic factors. No single news event has been tied to this specific breakout. Q2: Is $63,000 a strong support level now? Not necessarily. While Bitcoin has broken above $63,000, it needs to hold this level on a retest to establish it as support. Traders will watch price action closely in the coming hours and days. Q3: Should I buy Bitcoin at this price? This article does not provide financial advice. Investment decisions should be based on individual research, risk tolerance, and consultation with a financial advisor. Cryptocurrency markets are volatile and carry significant risk. This post Bitcoin Breaks $63,000: What’s Driving the Latest Move? first appeared on BitcoinWorld .

5 Jun 2026, 08:17

Bitcoin Price Today: BTC Tests $60K After $4.4B ETF Outflows, What Next?

Bitcoin price fell below $62,000 as the June crypto market correction deepened, with BTC trading near $62,116 after losing roughly 3% over 24 hours. The decline placed Bitcoin close to the psychological $60,000 support level and extended its monthly drop to about 14%. The latest move came as selling pressure increased across spot and derivatives markets. Whale deposits to Binance rose sharply during the decline, while Bitcoin exchange-traded funds continued to post large outflows. The market also remained under pressure from reduced liquidity, elevated bond yields, inflation concerns, and capital rotation toward artificial intelligence stocks. Bitcoin’s weakness has widened the gap between crypto and U.S. equities. While BTC has fallen during June, the S&P 500 and Nasdaq have continued trading near record highs, with institutional capital moving toward AI-linked equities and upcoming technology listings. Whale BTC Deposits on Binance Increase Whale activity on Binance has risen during the selloff. In this context, whales are defined as entities moving more than 100 BTC, equal to more than $6 million at current prices. BTC inflows from whales to Binance reached about 8,200 BTC on June 2 and more than 6,400 BTC on June 4. The monthly average of whale inflows on Binance has increased from about 1,200 BTC since mid-April to more than 2,800 BTC, more than doubling within weeks. Source: Cryptoquant Large exchange inflows are often watched because they may signal that holders are preparing to sell or manage risk. The latest rise suggests some large holders have moved Bitcoin back to exchanges during the correction. A similar spike in whale Binance inflows occurred during Bitcoin’s drop below $60,000 in early February. That earlier move also came during a period of market stress, although such flows can arrive after much of the selling has already occurred. ETF Outflows and Demand Contraction Weigh on BTC Bitcoin ETF flows have also weakened. Bloomberg analyst Eric Balchunas said Bitcoin ETFs have seen about $4.4 billion in outflows over the past month, pushing the year-to-date flow number negative again. Despite the outflows, total lifetime net flows remain positive at about $55 billion. Balchunas noted that BlackRock’s IBIT and some other funds are still positive year-to-date, even after the latest drawdown. He compared the period to difficult phases seen in earlier ETF cycles, while noting that long-term Bitcoin ETF holders have remained more resilient than some prior commodity ETF holders. Broader Bitcoin demand has also contracted. Spot demand has reached about negative 272,000 BTC on a 30-day basis, while futures demand has fallen to about negative 229,000 BTC. Combined, total demand has contracted by roughly 501,000 BTC, the deepest contraction of the current cycle. The futures market has shown short-lived attempts to trade technical rebounds, but those moves have not produced lasting upside. Available liquidity has instead moved toward technology equities, AI-linked stocks, foreign exchange markets and precious metals. Bitcoin Technical Levels Point to $60K Test Bitcoin’s daily chart shows price has reached the first major downside target near the February low after breaking below the rising channel that guided trading from February through late May. The channel support near $70,000 was the key level that failed before BTC accelerated toward the $62,000 to $63,000 zone. BTC is trading below its short-term moving averages. The 8-day moving average is near $70,062, while the 18-day moving average is near $73,697. These levels now act as overhead resistance. A rebound toward $70,000 to $74,000 could retest the broken support unless buyers reclaim that region. Source: X The ADX is at 36.74, showing strong trend conditions. Since the price is moving lower, that reading supports the bearish trend. The ATR near 2,130 shows elevated volatility, meaning sharp rebounds and deeper washout moves both remain possible. Immediate support sits around $62,000 to $63,000. If that area fails, Bitcoin could test $60,000. A deeper decline could bring the $58,000-$55,000 range into focus. Analyst Peter Brandt has said Bitcoin reached its initial downside target near the February low but may still move lower before forming a tradable low, with October cited as a possible timing window. This dip is, however, bullish. Due to the crash, Bitcoin has also fallen to its 200-week moving average for the first time since 2023. Historically, that area has attracted long-term buyers, but the current setup remains fragile while ETF outflows, whale exchange deposits, and weak demand continue. A recovery would require BTC to reclaim $65,000 first, then rebuild above the $70,000 to $74,000 resistance zone.