Invest ideasNews
10 Jun 2026, 07:40
BREAKING – Bitcoin Drops As Trump Orders Retaliatory Strikes On Iran
Iran’s deputy foreign minister pushed back on Monday, saying Tehran had nothing to do with deliberately bringing down the American helicopter, suggesting what happened could have been an unintended consequence of heightened tensions in the region. That denial, however, did not stop US President Donald Trump from ordering a military response — and crypto markets felt it almost immediately. Bitcoin Slides Below $62,000 Bitcoin was trading at $61,780 on Tuesday, June 8, down 3% on the day. The price had been holding above the $62,000 level before the US military action was announced. At the time of writing, Bitcoin was down 2.5%, and trading at $61,400, data from Coingecko shows. The top crypto lost 7.6% of its value in the last seven days amid instability in the Middle East, and as the US and Iran grapple for a ceasefire deal. US Central Command confirmed that American forces carried out what it described as “self-defense” strikes against Iran at 5 p.m. ET on June 9. The operation was triggered by the downing of a US Army Apache helicopter near the Strait of Hormuz, an incident Trump addressed directly in a post on Truth Social. Trump Declares A Response Was Necessary Trump said he had been informed by the military that Iranian forces shot down what he called “one of our highly sophisticated Apache Helicopters” while it was on patrol over the Strait of Hormuz. He confirmed both pilots were safe and uninjured. The US must “respond to this attack,” Trump wrote. The broader crypto market turned bearish in the wake of the announcement. Long liquidations across the market hit nearly $1.40 million in a single hour, according to CoinGlass data , with Bitcoin accounting for more than $136 million in liquidations over the previous 24 hours. Crypto Market Absorbs The Shock The market had already been under pressure before Tuesday’s escalation . Bitcoin had been hovering around $60,000 earlier in the week following separate Israeli strikes on Iran, which had already rattled investor confidence. Kazem Gharibabadi, Iran’s deputy foreign minister, said such incidents could happen amid the current climate of elevated tensions, but maintained that the helicopter’s downing was not a deliberate act by Tehran. His comments came as the conflict between the two countries continued to ripple outward, pulling asset prices down with it. Bitcoin’s drop extends a period of sustained pressure for the world’s largest cryptocurrency, with no clear stabilization in sight as the geopolitical situation remains unresolved. Featured image from Atlantic Council , chart from TradingView
10 Jun 2026, 07:30
Tom Lee’s Bitmine Buys $123 Million More Ethereum as Treasury Tops 5.4 Million ETH
Bitmine Immersion Technologies has scooped up another 75,000 ether worth roughly $123 million, lifting the Tom Lee-chaired firm’s treasury past 5.4 million ETH and deeper into a multibillion-dollar bet on the network. A 75,000 ETH Buy in an Eight-Hour Window Bitmine Immersion Technologies (NYSE American: BMNR) acquired 75,000 ether on June 9 for about $123
10 Jun 2026, 07:30
Bitcoin Holds $61K as ETF Outflows Hit Third Day, Institutions Buy the Dip Near $60K
Bitcoin News Bitcoin slid alongside the broader market, trading near $61,418 after a roughly 3% daily decline, while Ether changed hands around $1,631. The selloff was sharper across <a href="https...
10 Jun 2026, 07:30
Japan’s $8.6 trillion banking system just put XRP in the spotlight – Here’s how!
The BOJ and the Fed are set to have their meetings hours after each other.
10 Jun 2026, 07:27
XRP inflows to Binance drop sharply after 2025 peak
🚨 Large $XRP transfers to Binance dropped sharply after 2025’s market peak. 📉 Price is down to $1.11, falling over 8% this week. 👀 On-chain data shows big wallets are holding, not selling. Continue Reading: XRP inflows to Binance drop sharply after 2025 peak The post XRP inflows to Binance drop sharply after 2025 peak appeared first on COINTURK NEWS .
10 Jun 2026, 07:27
XRP Price Prediction: Could Wave B Pullback Be the Launchpad for Higher Prices?
Did XRP Just Print Its Cycle Bottom? CasiTrades Says the Next Move Could Be Critical XRP may be approaching a decisive turning point, with the next few days likely determining whether the recent selloff has finally run its course. Crypto analyst CasiTrades points to XRP's recent touch of the key 0.786 Fibonacci retracement level at $1.09, a zone often viewed as the final line of support before a market reversal. Well, the bounce from this level has already pushed XRP back above $1.12, forming what appears to be the early stages of an ABC corrective structure and raising speculation that a local bottom may already be in place. Currently trading at $1.13 per CoinCodex data, XRP is holding above the crucial $1.12 support area, which aligns with the 0.5 Fibonacci retracement. According to CasiTrades, this level now serves as the market's immediate battleground. If buyers continue defending it, the recovery could gain traction and set the stage for a move toward the next major hurdle at $1.25. Is $1.25 the Icing on the Cake? The $1.25 zone could determine XRP's next major direction. From an Elliott Wave perspective, this area marks the upper boundary of a potential Wave 4 recovery rally. A clean breakout above it would signal strengthening bullish momentum and increase confidence that XRP's macro correction has already bottomed out. Failure to break through, however, would suggest the current advance is merely a relief bounce within a broader corrective trend. What Bulls Need to See For the bullish case to strengthen, XRP must continue holding above $1.12 and reclaim $1.25 with conviction. A push beyond $1.30 would further validate the recovery, while a rally toward $1.65 would significantly reduce the probability of another major downside move. Such price action would indicate that the correction is likely complete and that a new upward trend is beginning to take shape. The Risk of One Final Dip The bearish scenario remains on the table if sellers regain control near resistance. A rejection at $1.25 could send XRP back to retest the critical $1.09 support zone. Should this level fail, CasiTrades sees the possibility of a final capitulation move toward $0.90, completing a larger Wave 2 correction before a more durable recovery emerges. What’s next? Well, XRP finds itself at a crossroads. Whether it can defend $1.12 and overcome $1.25 may reveal whether the recent rebound marked the long-awaited bottom, or if the market still has one last shakeout ahead. Despite the uncertainty, XRP continues to demonstrate remarkable power dominance, remaining the only cryptocurrency besides Bitcoin to hold a top-10 market-cap ranking continuously since 2014.
