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1 Jun 2026, 04:55

3 Things That May Move Bitcoin Price This Week

Crypto markets remained flat over the weekend following heavy losses last week. Bitcoin and Ether remain weak, with no immediate catalysts to spur a recovery. Meanwhile, fresh labor market data and updated readings on manufacturing and services activity are on the table this week. “We also await further details about a potential US-Iran deal, which appears to be dragging on again,” said the Kobeissi Letter. Economic Events June 1 to 5 May’s ISM Manufacturing PMI report is due on Monday, which will shed light on the US manufacturing sector. This is followed by April’s JOLTS Job Openings data on Tuesday and May’s ISM Non-Manufacturing PMI data on Wednesday. Initial Jobless Claims data is on Thursday, and the big May Jobs Report is due on Friday. The labor market data is keenly eyed as it is one of the Federal Reserve’s two mandates for monetary policy decisions. The outlook is currently mixed, with more-than-expected hiring in April and May, but experts are divided. Some economists believe the labor market is rallying after a slow year in 2025, while others claim the growth reflects surging demand for health care workers driven by an aging population rather than economic expansion, according to reports. Key Events This Week: 1. May ISM Manufacturing PMI data – Monday 2. April JOLTS Job Openings data – Tuesday 3. May ISM Non-Manufacturing PMI data – Wednesday 4. Initial Jobless Claims data – Thursday 5. May Jobs Report – Friday 6. Total of 7 Fed Speaker Events This Week… — The Kobeissi Letter (@KobeissiLetter) May 31, 2026 The major stock indexes finished a month of gains at record highs last week, buoyed by enthusiasm for tech stocks and dipping oil prices, but crypto remained deep in bear territory. Crypto Market Outlook May ended with Bitcoin losing 3.6% following two green months. It made a weekend high of $74,000 but could not advance further and fell back towards $73,000 during Monday morning trading. The asset has lost 5% over the past week and is moving to the lower bands of its four-month-long range-bound channel. Ether had lost the $2,000 level again on Monday morning after spending most of the weekend just above it. “Several meaningful catalysts are converging in June that could prove significant for Bitcoin’s near-term trajectory,” reported 10x Research on Monday. “The headwinds are real and visible: ETF outflows, stablecoin contraction, and trading volumes at historic lows all point to near-zero conviction, but that is precisely the environment we anticipated for a major cycle bottom.” The post 3 Things That May Move Bitcoin Price This Week appeared first on CryptoPotato .

1 Jun 2026, 04:18

XRP Price Loses Ground As Bearish Pressure Quietly Builds

XRP price started a downside correction below the $1.3420 zone. The price is now showing bearish signs and might decline further below $1.3150. XRP price started a downside correction after it failed to stay above the $1.3450 zone. The price is now trading above $1.3150 and the 100-hourly Simple Moving Average. There is a declining channel forming with resistance at $1.3380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it stays below $1.3420. XRP Price Dips Below Support XRP price struggled to stay above $1.3520 and started a fresh decline, like Bitcoin and Ethereum . The price dipped below the $1.350 and $1.3450 levels. The price declined below $1.3420. There was a clear move below the 38.2% Fib retracement level of the upward move from the $1.2658 swing low to the $1.3642 high. Besides, there is a declining channel forming with resistance at $1.3380 on the hourly chart of the XRP/USD pair. The price is now trading above $1.3150 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $1.3380 level. The first major resistance is near the $1.3420 level, above which the price could rise and test $1.350. A clear move above the $1.350 resistance might send the price toward the $1.3580 resistance and the trend line. Any more gains might send the price toward the $1.3650 resistance. The next major hurdle for the bulls might be near $1.3740. More Downside? If XRP fails to clear the $1.3380 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.320 level. The next major support is near the $1.3150 level and the 50% Fib retracement level of the upward move from the $1.2658 swing low to the $1.3642 high. If there is a downside break and a close below the $1.3150 level, the price might continue to decline toward $1.3120. The next major support sits near the $1.3050 zone, below which the price could continue lower toward $1.2920. Any more losses might call for a test of $1.2880. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $1.3200 and $1.3150. Major Resistance Levels – $1.3380 and $1.3500.

1 Jun 2026, 04:10

Bitcoin Could Hit Short-Term Bottom in June Before Rebounding, Analyst Says

BitcoinWorld Bitcoin Could Hit Short-Term Bottom in June Before Rebounding, Analyst Says Bitcoin may be approaching a short-term bottom in June before staging a rebound, according to a new analysis from BIT (formerly known as Matrixport). The firm’s report examines historical seasonal trends and emerging catalysts that could shift the market’s trajectory. Seasonal Patterns and Current Market Context BIT’s analysis notes that over the past decade, Bitcoin’s average return in June has been a modest +0.7%. Historically, the summer months are often characterized by range-bound trading and occasional corrections. However, the firm points out that this year may deviate from the typical seasonal script. May, which has historically been a strong month for Bitcoin, delivered below-average gains in 2025, suggesting that current market dynamics are already breaking from historical norms. Potential Catalysts on the Horizon Several regulatory and product developments could act as catalysts for a price recovery. BIT highlights the approval of crypto perpetual futures by U.S. regulators, a move that could attract institutional interest and liquidity. Additionally, the upcoming launch of Nasdaq CME crypto index futures is expected to provide more structured and accessible trading vehicles for traditional investors. These developments come at a time when the market is searching for direction. While seasonal pressures persist, the combination of new financial products and regulatory clarity could create a floor for prices. Technical Indicators and Market Sentiment From a technical analysis standpoint, BIT’s models suggest that Bitcoin may be nearing a short-term low. The firm’s indicators point to oversold conditions that have historically preceded rebounds. However, the firm emphasizes that a sustained recovery depends on whether the upcoming catalysts generate sufficient buying pressure. “If these new catalysts attract buying pressure, a rebound is quite possible,” the report concluded. This cautious optimism reflects a market that is balancing well-known seasonal headwinds against potentially transformative structural changes. Conclusion Bitcoin’s path through June remains uncertain, but BIT’s analysis provides a reasoned framework for understanding the current market. While historical trends suggest caution, the emergence of regulated perpetual futures and index products could mark a turning point. Investors should monitor these developments closely as the month progresses. FAQs Q1: What is the historical average return for Bitcoin in June? A1: According to BIT’s analysis, Bitcoin’s average June return over the past 10 years is approximately +0.7%, indicating historically modest performance during this month. Q2: What are the key catalysts that could drive a Bitcoin rebound? A2: The main catalysts include U.S. regulatory approval of crypto perpetual futures and the upcoming launch of Nasdaq CME crypto index futures, which could attract institutional investors and increase market liquidity. Q3: How reliable are seasonal patterns for predicting Bitcoin’s price? A3: While seasonal patterns provide useful context, they are not deterministic. This year’s market conditions, including below-average May gains and new regulatory developments, suggest that historical patterns may not fully apply. This post Bitcoin Could Hit Short-Term Bottom in June Before Rebounding, Analyst Says first appeared on BitcoinWorld .

1 Jun 2026, 04:00

Mapping BNB’s path to $780 – Can rising leverage sustain the rally?

BNB is attracting renewed attention as stronger participation and improving market structure reshape its outlook.

1 Jun 2026, 04:00

Crypto Futures Liquidations Top $80 Million in 24 Hours as HYPE Shorts Get Squeezed

BitcoinWorld Crypto Futures Liquidations Top $80 Million in 24 Hours as HYPE Shorts Get Squeezed The cryptocurrency perpetual futures market saw over $80 million in liquidations over the past 24 hours, with a notable divergence in positioning across major assets. Data shows Bitcoin and Ethereum long positions bore the brunt of the losses, while Hyperliquid’s HYPE token experienced a sharp short squeeze. Liquidation Breakdown: BTC and ETH Longs Hit Hardest According to the latest data, Bitcoin (BTC) perpetual futures recorded approximately $26.91 million in total liquidations. Long positions accounted for 75.44% of that figure, indicating that traders betting on a price increase were caught off guard by a sudden downturn. Ethereum (ETH) saw even higher liquidation volumes at $32.55 million, with 67.72% of those positions being longs. The concentration of long liquidations suggests that bullish sentiment was widespread but has been met with a swift market correction. HYPE Defies the Trend with a Massive Short Squeeze In stark contrast, Hyperliquid’s HYPE token recorded $20.78 million in liquidations, with an overwhelming 90.13% of those positions being shorts. This indicates that bearish traders were betting against HYPE, only to be forced to cover their positions as the price moved against them. Such a high concentration of short liquidations often amplifies upward price pressure, creating a feedback loop that can drive prices higher in the short term. What This Means for Traders The data reveals a fragmented market where sentiment is far from uniform. While BTC and ETH traders were largely bullish and got punished, HYPE traders were overwhelmingly bearish and also got punished. This divergence highlights the importance of understanding asset-specific dynamics rather than relying on broad market sentiment. For retail traders, the liquidation figures serve as a cautionary tale about the risks of leveraged positioning, particularly when the majority of the market is aligned in one direction. Conclusion The past 24 hours in crypto futures have been a reminder of the speed at which leverage can work against traders. With over $80 million wiped out across just three assets, the market is showing clear signs of volatility and conflicting positioning. Whether this signals a broader trend reversal or a temporary shakeout remains to be seen, but the data provides a valuable snapshot of current market dynamics. FAQs Q1: What are perpetual futures? Perpetual futures are a type of derivative contract that allows traders to speculate on the price of an asset without an expiration date. They use a funding rate mechanism to keep the contract price close to the spot price. Q2: What does a liquidation mean in crypto trading? A liquidation occurs when a trader’s position is forcibly closed by the exchange because the margin balance has fallen below the maintenance margin requirement, often due to adverse price movements. Q3: Why are short liquidations significant? Short liquidations indicate that traders betting on a price decline are being forced to buy back the asset to cover their positions, which can create upward price pressure and accelerate a rally, known as a short squeeze. This post Crypto Futures Liquidations Top $80 Million in 24 Hours as HYPE Shorts Get Squeezed first appeared on BitcoinWorld .

1 Jun 2026, 03:45

Polymarket User Loses Over $2 Million in Phishing Attack; VP Details Security Lapse

BitcoinWorld Polymarket User Loses Over $2 Million in Phishing Attack; VP Details Security Lapse A user of the decentralized prediction market platform Polymarket has lost more than $2 million in a targeted phishing attack, the company’s Vice President of Engineering, Josh Stevens, confirmed on social media platform X. The incident, which occurred recently, underscores persistent security vulnerabilities within the cryptocurrency ecosystem, particularly around wallet authentication methods. How the Attack Unfolded According to Stevens, the victim was directed to a fraudulent webpage that closely mimicked a legitimate Polymarket interface. The attacker, having created the fake domain, tricked the user into entering a one-time password (OTP) for their Magic Link wallet. Magic Link wallets are a type of simple, email-based wallet that allows access via a unique link sent to the user’s registered email address. Once the OTP was compromised, the hacker gained immediate access and swiftly withdrew the funds. Stevens emphasized that the breach was not a failure of Polymarket’s core platform but a result of the user interacting with a malicious third-party site. He stated that Polymarket is now actively working with the affected user and several cryptocurrency exchanges in an effort to freeze and potentially recover the stolen assets. Immediate Response and Planned Security Enhancements In his public statement, Stevens urged all Polymarket users to exercise extreme caution when navigating to non-Polymarket domains and to verify website URLs before entering any sensitive information. He also revealed that the company is internally evaluating the introduction of additional security layers, such as multi-factor authentication (MFA), to provide stronger protection for user accounts. The incident has reignited discussions within the crypto community about the trade-offs between user convenience and security. Magic Link wallets, while easy to use, have been criticized for their reliance on email security, which can be a single point of failure in phishing scenarios. Broader Implications for Crypto Users This attack serves as a stark reminder that phishing remains one of the most effective and damaging threats in the digital asset space. As decentralized platforms grow in popularity, the sophistication of social engineering attacks targeting their users also increases. The loss of over $2 million in a single incident highlights the urgent need for both platform-level security upgrades and user education on identifying and avoiding phishing attempts. For the broader industry, the event may accelerate the adoption of more robust authentication methods, such as hardware-based security keys or biometric verification, across decentralized applications. Conclusion The $2 million phishing attack on a Polymarket user represents a significant financial loss and a critical security incident for the platform. While Polymarket’s engineering team is cooperating with the victim and exchanges to trace the funds, the event has prompted the company to consider implementing multi-factor authentication. Users are advised to remain vigilant, verify domain authenticity, and avoid entering credentials on unverified websites. FAQs Q1: What is a Magic Link wallet? A Magic Link wallet is a type of cryptocurrency wallet that uses a unique, time-sensitive link sent to a user’s email to grant access. It is designed for simplicity but can be vulnerable if an attacker gains access to the user’s email or tricks them into entering a one-time password on a fake site. Q2: Can the stolen funds be recovered? Polymarket is actively collaborating with the victim and several cryptocurrency exchanges in an attempt to freeze the stolen funds. However, recovery depends on the speed of the response and whether the funds have been moved to other wallets or converted to other assets. Q3: What security measures is Polymarket planning to add? According to Josh Stevens, Polymarket is internally considering the introduction of multi-factor authentication (MFA) to provide an additional layer of security beyond the current email-based Magic Link system. No timeline for implementation has been announced yet. This post Polymarket User Loses Over $2 Million in Phishing Attack; VP Details Security Lapse first appeared on BitcoinWorld .