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7 Jun 2026, 09:36
Ripple’s XRP Reclaims Key Support, Bitcoin (BTC) Eyes $63K: Weekend Watch
Bitcoin’s price recovery from the Friday calamity to under $60,000 has continued in the past 24 hours, with the asset climbing toward $63,000. Most larger-cap altcoins have followed suit, posting notable gains on a daily scale. ETH has risen toward $1,650, while XRP has jumped past $1.10 and $1.15. BTC to Challenge $63K? We have written multiple times in the past few days about the large extent of the market-wide crash that took place during the last business week, especially on Friday. Bitcoin entered it at roughly $73,000 before its painful breakdown began. It kept losing value daily, first dropping below $70,000 before it dumped to $65,000 by the middle of the week. Although it tried to rebound to $67,000, this attempt became a dead-cat bounce. The following days were even more brutal, especially Friday. At the time, the bears did something they couldn’t do even during the early February crash and drove BTC to under $60,000 for the first time since late 2024. The silver lining for bitcoin is that the calamity affected Wall Street and gold, and worsened after the positive US jobs report in the US. After that multi-year low, the cryptocurrency finally rebounded and jumped past $60,000 almost immediately. It tapped $61,000 yesterday and has risen to almost $63,000 as of now. Its market capitalization has climbed past $1.250 trillion on CG, while its dominance over the alts stands above 56%. BTCUSD June 7. Source: TradingView XRP, Alts Rebound The daily scale is quite positive for the altcoins, which were crushed during the market-wide decline. ETH had dumped to $1,500, but it’s close to $1,650 now after a 4% daily gain. BNB has neared $600, while XRP has rebounded above two important support levels at $1.10 and $1.15. The asset dipped to $1.05 on Friday. SOL, TRX, DOGE, RAIN, and XLMR have posted gains of up to 4%, while ZEC continues its post-FUD recovery with an 8% surge to $400. LINK, CC, SUI, SHIB, TAO, UNI, and WLD are also well in the green. Double-digit price increases come from lower-cap alts, such as LAB, H, BEAT, SIREN, and M. The total crypto market cap has recovered roughly $150 billion since the low on Friday and is up to $2.240 trillion on CG. Cryptocurrency Market Overview June 7. Source: QuantifyCrypto The post Ripple’s XRP Reclaims Key Support, Bitcoin (BTC) Eyes $63K: Weekend Watch appeared first on CryptoPotato .
7 Jun 2026, 08:02
XRP Army Reacts As This Public Receipt Links Ripple to FedNow
Crypto influencer Amonyx has pointed to publicly available Ripple documentation that references FedNow alongside other major U.S. payment systems, arguing that many people still do not fully understand the infrastructure being developed around digital payments. In an X post, Amonyx highlighted screenshots from Ripple’s documentation and wrote, “Ripple FedNow. The receipts are public. How many people still don’t realize what’s being built?” He accompanied the message with the hashtag XRP, suggesting that the documentation supports a broader narrative about Ripple’s growing role within modern payment networks. The screenshots attached to the post appear to be from Ripple’s official documentation website and reference several U.S. payment rails, including RTP, FedNow, ACH, and Fedwire. The document lists transaction limits associated with those systems, including FedNow transactions of up to $500,000, ACH transactions of up to $1 million, RTP transactions of up to $5 million, and Fedwire transactions of up to $100 million. Ripple FedNow The receipts are public. How many people still don’t realize what’s being built? #XRP https://t.co/d2MpvnNOWt pic.twitter.com/ovLXMtjuuX — Amonyx (@amonyx) June 4, 2026 Focus on Payment Infrastructure Amonyx’s post highlights the inclusion of FedNow within Ripple’s document. FedNow, launched by the U.S. Federal Reserve, enables instant payments between participating financial institutions across the United States. The appearance of the service within Ripple’s materials has long attracted attention from members of the XRP community who view it as evidence of Ripple’s integration with established financial infrastructure. The screenshots shared by Amonyx do not claim that FedNow uses XRP . Instead, they show that Ripple’s documentation includes FedNow as one of several supported payment methods and settlement options available within its payment ecosystem. By emphasizing that the information is publicly available, Amonyx suggested that evidence of Ripple’s connections to major payment networks can be found directly within company documentation rather than through speculation or unofficial reports. Community Responses Highlight Ongoing Debate The post also gained reactions from users who questioned whether Ripple’s business relationships should automatically be linked to XRP’s value proposition. One user, identified as UhhhhJustPhil, argued that Ripple conducting business does not necessarily mean XRP is involved in those activities. He stated that XRP holders do not own shares in Ripple and cautioned against assuming that corporate developments directly translate into benefits for the digital asset. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Another commenter, Pawel Kopaniecki, expressed a similar view. He agreed that XRP is not equity in Ripple and argued that the company’s growth and valuation should not be viewed as directly connected to XRP’s market performance. Others maintained a more optimistic outlook. User Dan Lane suggested that current market conditions do not reflect what he believes is happening behind the scenes, arguing that large market participants may be attempting to discourage retail investors while positioning themselves differently. Amonyx’s post ultimately focused attention on Ripple’s publicly accessible documentation and its references to FedNow, RTP, ACH, and Fedwire. While opinions remain divided over what such integrations could mean for XRP specifically, the tweet highlighted Ripple’s documented connections to some of the most significant payment systems operating in the United States today. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP Army Reacts As This Public Receipt Links Ripple to FedNow appeared first on Times Tabloid .
7 Jun 2026, 05:35
Humanity, LUNC, Audiera, Toncoin prices jump: is this a dead-cat bounce?
Top cryptocurrencies rebounded on Sunday following a major crash over the past few days, as the US published strong non-farm payrolls (NFP) data. Humanity Protocol (H) token rose for three consecutive days, reaching a high of $0.7055, up by 30% from its lowest point this month. Its 24-hour volume rose to over $255 million. Terra Luna Classic (LUNC) token also rose by 22% to $0.00006700, from the weekend low of $0.000055. Audiera (BEAT) token jumped by over 20%, while Toncoin (TON) rose by 17%. Other top tokens that led the rebound were Canton, Siren, and Pudgy Penguins. Top crypto gainers today | Source: TradingView Why Humanity, LUNC, Audiera, Toncoin are rising Humanity Protocol is a top crypto project that is in the human verification industry. The idea is that, as AI agents become more common, companies will need to verify whether there are human beings on the other side. It uses a more unique and decentralized approach than World, which Sam Altman and his team created. Humanity token is rising because it is usually seen as an AI project. Terra Luna Classic has done well and is up by 120% from its lowest point this year. It is even beating popular cryptocurrencies like Bitcoin and Ethereum that have continued to underperform the market. This performance is mostly because of its tokenomics, which have reduced the number of tokens in circulation. Audiera is a crypto project in the AI industry that runs a platform enabling users to generate music, art, and creative content. Its token has jumped by over 1,000% from its lowest point this year, and is hovering at its highest point since December last year. Toncoin price has also rebounded in the past two days. This rally is mostly because the team recently decided to rebrand the project as Gram, in its return to its original name. The rebrand comes as the team prepares the next major upgrade that will boost its speeds and slash fees. Potential dead-cat bounce in the crypto industry The ongoing rebound of top tokens like Humanity, LUNC , Audiera, and Toncoin is happening as Bitcoin (BTC) bounces back. It rebounded to a high of $62,000 after falling below $60,000 during the weekend. In most cases, top altcoins do well whenever Bitcoin is rising. Before that, Bitcoin and other altcoins retreated for several reasons. For example, the US published strong non-farm payrolls (NFP) data, which showed that the economy added over 172k jobs in May, with the unemployment rate remaining at 4.3%. Another ADP showed that the private sector created 122k jobs. The crypto market crash happened as investors reacted to the ongoing ETF outflows. Bitcoin and Ethereum ETFs shed billions of dollars in assets last week as investors rotated to the stock market. Therefore, the ongoing Humanity, Audiera, LUNC, and Toncoin prices rebound is likely a dead-cat bounce (DCB). A DCB is a situation where an asset in a freefall rebounds temporarily and then resumes the downtrend. This temporary rebound happens as investors are starting to buy the dip. The post Humanity, LUNC, Audiera, Toncoin prices jump: is this a dead-cat bounce? appeared first on Invezz
7 Jun 2026, 04:00
Bitcoin Price Plunges To $59K, Sparking Fears Of Deeper Decline
Capital rotation into artificial intelligence may have played a bigger role in Bitcoin’s latest selloff than most market watchers initially assumed. Michael Saylor, whose company Strategy recently sold a portion of its Bitcoin holdings, pushed back on criticism and pointed instead to an unprecedented flow of money into AI infrastructure as a key factor behind the drop. Related Reading: Bitmine Seeks $300M Raise To Accelerate Ethereum Accumulation Strategy Saylor Pushes Back On Blame Strategy’s Bitcoin sale briefly made Saylor a target. TV personality Jim Cramer went as far as to say Saylor had “murdered Bitcoin,” a claim Saylor denied outright. He argued that capital markets have been funding the AI buildout at historic scale — roughly $400 billion over six months — and that the pressure on Bitcoin was a rotation of capital, not a sign of structural damage to the asset. SBI Holdings Chair Yoshitaka Kitao echoed that view, pointing to the upcoming IPOs of SpaceX, Anthropic, and OpenAI as likely draws pulling money away from crypto. Jobs Data Delivers The Blow The immediate trigger, however, was a US jobs report that caught markets off guard. The Bureau of Labor Statistics reported non-farm payrolls rose to 172,000 in May 2026, more than double the Wall Street estimate of 85,000. The unemployment rate held steady at 4.3%. That reading spooked investors. BNP Paribas said the data opens the door to as many as three Federal Reserve rate hikes, a scenario that historically weighs on risk assets like Bitcoin. From $62,500, BTC fell sharply to around $59,000 following the release. At the time of reporting, Bitcoin was trading at $59,990, down 6% in 24 hours — its lowest price since October 2024. ETF Outflows Add To The Pressure Spot Bitcoin ETFs have now recorded 14 consecutive sessions of outflows, with cumulative negative flows approaching $5 billion. Bitget CEO Gracy Chen identified those outflows as a significant factor in the broader crypto market decline. 那个说过卖肾不卖币的男人终于都卖币了 现货ETF连续13天净流出，累计$43.7亿，是历史最长连续流出纪录 BTC跌穿了月线EMA50支撑的$65K 我不是在看空。我只是觉得，该说的风险不能装没看见。… https://t.co/Sj0Y8zanys pic.twitter.com/2f0QxTKJYM — Gracy Chen @Bitget (@GracyBitget) June 4, 2026 On Friday alone, Bitcoin saw $545 million in total liquidations, according to CoinGlass data. Long positions accounted for $444 million of that figure, meaning a wave of automated selling hit the market as prices fell through key levels, compounding the downward move. Related Reading: XRP Monthly RSI Drops To All-Time Low As Market Watches For Confirmation Whether the $59,000 zone holds as support remains to be seen. The combination of macro pressure, sustained ETF redemptions, and shifting capital flows has left the market on edge. Featured image from Unsplash, chart from TradingView
6 Jun 2026, 23:43
Gold price drops 18 percent from 2024 peak
🟡 Gold plunges 18 percent from its January 2024 high. 💼 A robust US jobs report dims hopes of Fed rate cuts and pressures safe-haven demand in $XAU. 📉 Buyers in China, India, and Pakistan are pulling back as markets now await US inflation data for the next move. Continue Reading: Gold price drops 18 percent from 2024 peak The post Gold price drops 18 percent from 2024 peak appeared first on COINTURK NEWS .
6 Jun 2026, 18:06
Friday’s Market Meltdown: What Sent Bitcoin, Gold, and Wall Street Tumbling?
Friday was a brutal day for essentially all financial markets, even though the only notable news that went live was positive, as the US saw the strongest jobs report in a year and a half. The analysts at the Kobeissi Letter tried to simplify what transpired and explain why markets reacted in such a painful manner. What Exactly Happened? If you are reading this, you are probably aware of what took place in the crypto markets. Bitcoin plunged to $59,100 for the first time since November 2024, dragging the entire altcoin field with it and triggering over $1.7 billion in liquidations at one point. But, the crash was not just in crypto. Gold, traditionally regarded as a safe-haven tool known for its stability, dumped by over 4% in a day from more than $4,500 to $4,315. Wall Street experienced a similar decline, with the S&P 500 erasing $2 trillion from its market cap in a single trading session. The Nasdaq 100 printed seven consecutive hourly red candles during the day in what became its worst drop since Trump’s so-called “Liberation Day” from over a year ago. And most of those losses took place after the US jobs report went live, which was highly promising – the strongest in 18 months. This financial crash, then, appears puzzling, and even the POTUS himself seemed confused by this situation. US President Trump on Truth Social So Why Down Then? However, such good news does not appear to be beneficial to BTC and other risk-on assets, according to some analysts. “Strong jobs data kills the rate cut narrative. Bitcoin, already down 15% and sitting on uncleared leveraged longs, has no macro catalyst to recover into, and Middle East tensions are keeping risk appetite soft across markets,” told us the analysts from Nansen. Their colleagues at the Kobeissi Letter concurred, indicating that when the Fed made its first rate cuts of 2025, it was “specifically because of labor market weakness,” not because the inflation had reached or even neared the 2% target. With inflation skyrocketing again due to the war against Iran, the bond market has held on to “hopes of rate cuts for some time because of the “weak” labor market.” The jobs report from Friday, though, has “flipped that sentiment, and the weakness of the labor market is being questioned.” Additionally, the report showed that job openings rose by over 730,000 positions in April, while experts anticipated no change. Available employment jumped to 7.6 million for the month, the highest in two years. The result of all of the above means that markets have seen the “most hawkish shift in Fed expectations since post-pandemic stimulus.” Experts now believe there will be rate hikes by early 2026, while the overall expectations until months ago suggested up to 4 cuts. Adding even more fuel to the fire is the drawdown in crypto, with Bitcoin now down -53% since October. In fact, Bitcoin is down 20% this week ALONE, with crypto erasing ~$2.5 trillion since October 2025. The bear market gained momentum this week and crushed risk appetite. pic.twitter.com/48WL0tsjqv — The Kobeissi Letter (@KobeissiLetter) June 5, 2026 Separately, reports claimed recently that Meta is considering raising “tens of billions of dollars” through a stock offering to fund AI development, similar to Google’s $85 billion raise. Such moves increase investor concerns as big tech could start flooding the market with equity raises to fund AI growth. SpaceX’s IPO, scheduled for June 12, could also be among the culprits, as “funds are likely selling to make room” for this major event. “Sum it all up, and the market, which was up 20%+ in 2 months, was overdue for today’s decline,” concluded the analysts. The post Friday’s Market Meltdown: What Sent Bitcoin, Gold, and Wall Street Tumbling? appeared first on CryptoPotato .
