hodler

3 Jun 2026, 06:18

Bitcoin falls below $66K as US and Iran launch new strikes

Bitcoin saw its largest daily drop since early February on Tuesday as the cryptocurrency shed more than $4,500 in a single day.

3 Jun 2026, 06:15

AUD/USD Holds Near 0.7170 After Softer Australian GDP Data

BitcoinWorld AUD/USD Holds Near 0.7170 After Softer Australian GDP Data The Australian dollar extended its decline against the US dollar on Wednesday, hovering near the 0.7170 level and the 23.6% Fibonacci retracement, after the release of weaker-than-expected Australian gross domestic product (GDP) data. The currency pair remains under pressure as markets reassess the Reserve Bank of Australia’s (RBA) policy trajectory amid slowing economic growth. Australian GDP Miss Adds to Selling Pressure Australia’s economy grew at a softer pace in the fourth quarter, with GDP rising 0.6% quarter-on-quarter, below the 0.8% forecast. The annual rate also missed expectations, coming in at 2.1% versus the 2.4% consensus. The data reinforces the view that the RBA may need to hold interest rates steady for longer, reducing the yield advantage that had previously supported the Aussie. Following the release, the AUD/USD pair broke below the 0.7200 psychological barrier and tested support at 0.7170, a level that coincides with the 23.6% Fibonacci retracement of the October-to-February rally. A sustained break below this zone could open the door for further downside toward the 0.7100 handle. Technical Outlook: Key Levels to Watch From a technical perspective, the pair is trading below both the 50-day and 200-day simple moving averages (SMAs), confirming a bearish bias in the near term. The 23.6% Fibonacci level at 0.7170 is acting as immediate support, with the next major support cluster near 0.7140–0.7120, where the 100-day SMA converges with the 38.2% Fibonacci retracement. On the upside, resistance is seen at 0.7220 (previous support turned resistance) and the 0.7260 region, where the 50-day SMA sits. A recovery above 0.7260 would be needed to shift the short-term outlook back to neutral. Market Implications for Traders The softer GDP print reinforces the narrative that Australia’s economy is losing momentum, which may cap any aggressive RBA tightening. For AUD/USD traders, this means the pair is likely to remain sensitive to US dollar dynamics and global risk sentiment. Any further deterioration in risk appetite—driven by geopolitical tensions or weaker commodity prices—could accelerate the decline. The 23.6% Fibonacci level is a widely watched technical marker. A close below it on a daily basis would signal that the corrective bounce from the October lows has exhausted, potentially opening a deeper retracement toward the 0.7000 psychological level. Conclusion The AUD/USD pair is under pressure following disappointing Australian GDP data, trading near the 0.7170 support zone. The combination of a weaker domestic growth outlook and a broadly steady US dollar keeps the pair vulnerable. Traders should monitor the 0.7170–0.7140 support band closely; a break below could trigger further selling, while a bounce above 0.7220 would suggest temporary stabilization. FAQs Q1: Why did the AUD/USD fall after the GDP release? The GDP data came in below expectations, signaling slower economic growth. This reduces the likelihood of aggressive RBA rate hikes, which diminishes the Aussie’s yield appeal and pressures the currency lower. Q2: What is the significance of the 23.6% Fibonacci retracement level? The 23.6% Fibonacci level is a common technical retracement used by traders to identify potential support or resistance. In this case, it aligns with the 0.7170 area, making it a key level to watch for a potential bounce or breakdown. Q3: What are the next key support and resistance levels for AUD/USD? Immediate support is at 0.7170 (23.6% Fibo), followed by 0.7140–0.7120 (100-day SMA and 38.2% Fibo). On the upside, resistance is at 0.7220 and 0.7260 (50-day SMA). This post AUD/USD Holds Near 0.7170 After Softer Australian GDP Data first appeared on BitcoinWorld .

3 Jun 2026, 06:05

BitForex Founder Moved $1.35 Billion in ETH to Binance Just Before Price Plunge

BitcoinWorld BitForex Founder Moved $1.35 Billion in ETH to Binance Just Before Price Plunge Garrett Jin, the founder of the now-defunct cryptocurrency exchange BitForex, deposited a massive 577,717 Ether (ETH) — valued at approximately $1.35 billion — to Binance between May 6 and May 10, according to blockchain analytics firm Lookonchain. The deposit occurred while ETH was trading at a short-term peak of $2,337. Since then, the price of Ethereum has dropped roughly 20%, raising questions about the timing and intent behind the transfer. On-Chain Evidence Points to Coordinated Sell Pressure Lookonchain’s report, based on publicly verifiable on-chain data, shows that the funds were moved in multiple transactions over a five-day window. The deposits coincided with a local price top for Ethereum, which has since declined to around $1,870 at the time of writing. The transfer represents one of the largest single-entity movements of ETH to a centralized exchange in recent months, and it has drawn scrutiny from the crypto community and regulators alike. BitForex collapsed in early 2023 after allegations of fraud, mismanagement, and the disappearance of user funds. The exchange, once ranked among the top 20 by trading volume, abruptly halted withdrawals, leaving thousands of users unable to access their assets. Garrett Jin has been at the center of investigations by multiple authorities, including the FBI and South Korean financial regulators. Implications for Market Stability and Investor Trust The timing of the deposit — just before a significant market correction — has led to speculation that Jin may have been attempting to liquidate a portion of his holdings at a favorable price. While the transfer itself does not prove market manipulation, it adds to the narrative of insiders capitalizing on market conditions at the expense of retail investors. This event also highlights the ongoing challenge of tracking and recovering funds from collapsed crypto platforms. Despite the transparency of blockchain ledgers, the movement of stolen or misappropriated assets remains a persistent issue, often complicating efforts by law enforcement to freeze or recover funds. What This Means for the Broader Crypto Market The deposit underscores the vulnerability of the crypto ecosystem to large, unannounced transfers by individuals with a history of fraudulent activity. For Ethereum, the influx of such a large amount to a major exchange like Binance could signal potential sell pressure, although it remains unclear whether Jin has sold any of the deposited ETH. Binance has not publicly commented on the transaction. For investors, the incident serves as a reminder of the risks associated with centralized exchanges that lack transparent governance and regulatory oversight. It also reinforces the importance of on-chain monitoring tools in identifying suspicious activity before it impacts the broader market. Conclusion The transfer of $1.35 billion in ETH by BitForex founder Garrett Jin to Binance at a market peak, followed by a 20% price decline, raises serious questions about market integrity and the aftermath of exchange failures. While the full implications are still unfolding, the event is a stark illustration of how the ghosts of collapsed crypto platforms continue to influence the market. Regulators and investors alike will be watching closely for any further movements from Jin’s wallets. FAQs Q1: Who is Garrett Jin? Garrett Jin is the founder of BitForex, a cryptocurrency exchange that collapsed in 2023 amid allegations of fraud and mismanagement. He is currently under investigation by multiple law enforcement agencies. Q2: Why is the transfer of ETH to Binance significant? The transfer of 577,717 ETH, worth $1.35 billion at the time, is one of the largest single-entity deposits to a centralized exchange this year. Its timing at a short-term price peak, followed by a 20% drop, has raised suspicions of coordinated selling or market timing. Q3: Can the deposited ETH be frozen or recovered? While Binance has the technical ability to freeze assets, it is unclear whether any legal requests have been made. The recovery of funds from collapsed exchanges like BitForex remains a complex legal process, often requiring cooperation between international authorities and the exchange. This post BitForex Founder Moved $1.35 Billion in ETH to Binance Just Before Price Plunge first appeared on BitcoinWorld .

3 Jun 2026, 06:02

XRP and XLM Decoupling Event Explained

A growing number of market participants are paying closer attention to the role utility may play in the next phase of crypto adoption. According to Good Evening Crypto host Abs Nassif, assets with established institutional use cases could eventually separate themselves from the rest of the digital asset market, creating what many investors have long described as a decoupling event . In a recent post, Nassif highlighted XRP and XLM, pointing to the U.S. CLARITY Act as a potential catalyst for utility-driven growth. He explained why he believes certain digital assets could outperform much of the crypto market over time. $XRP & $XLM DECOUPLING EVENT EXPLAINED! CLARITY ACT UNLOCKS UTILITY! CLICK BELOW TO WATCH NOW!! https://t.co/3lBx3aXpy9 pic.twitter.com/RMiC53aLTV — Good Evening Crypto (@AbsGEC) June 1, 2026 Assets Positioned for a Decoupling Event During the discussion, Nassif said one of the key questions facing the industry is whether growth will benefit the entire market or primarily a smaller group of projects that secure institutional adoption. He stated that “projects like XRP, like XLM, like HBAR, the ones that see institutional adoption, they’re going to separate from the rest of the crypto market.” According to Nassif, utility-driven assets could decouple and begin trading on factors tied closely to real-world usage rather than the broader movements of the crypto market. He argued that XRP, XLM, and HBAR stand out because institutions continue to explore and adopt their underlying technologies. As that process continues, he believes these assets could develop a different growth trajectory from many traditional cryptocurrencies. XRP’s Utility Narrative Continues to Gain Support Nassif also pointed to changing investor sentiment as a factor that could support XRP’s long-term performance. He noted that XLM has recently outperformed much of the market, rising from $0.14 to $0.28 after the announcement of a partnership with the DTCC . At the same time, he referenced veteran trader Peter Brandt’s recent assessment of XRP. Nassif said Brandt views XRP as “ the best bet in the crypto market today .” According to Nassif, the reasoning behind that view is XRP’s potential role in global payments. He stated that Brandt believes XRP has “the number one chance of revolutionizing global payments.” We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Those comments align with a narrative that has gained traction among investors who view utility and institutional adoption as increasingly important drivers of value in the digital asset sector. What Nassif’s Comments Mean for XRP Nassif’s outlook centers on the idea that institutional adoption will become a defining factor for digital asset performance. In his view, assets that secure meaningful enterprise and financial sector usage could attract increasing investor attention. He believes that the process is already underway. As more investors reach similar conclusions, Nassif expects capital to flow toward projects with established utility . 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 and XLM Decoupling Event Explained appeared first on Times Tabloid .

3 Jun 2026, 06:01

Bitcoin falls to four-month low as $1.85B liquidation rattles market

Bitcoin has fallen to a four-month low of $65,707 after losing about 7% in the past 24 hours and more than 12% over the last seven days. According to CoinGecko data, Bitcoin briefly touched $65,707.79 on June 3 before recovering slightly above $67,000, extending a week-long decline that has left the world's largest cryptocurrency under pressure while US equities continue to trade near record highs. Selling accelerated after Strategy disclosed in a filing with the US Securities and Exchange Commission that it had sold 32 Bitcoin to fund preferred stock dividend payments. Although the transaction represented only a tiny portion of the company's holdings, it carried symbolic weight because it was the first net reduction in Strategy's Bitcoin position in more than three years. Market sentiment deteriorated further after on-chain data showed the Mt. Gox estate moved approximately $739 million worth of Bitcoin from its wallets. Earlier creditor distributions linked to the collapsed exchange have often been associated with selling activity, prompting fresh concerns among traders. Pressure on prices has also coincided with persistent institutional outflows. K33 Research reported that spot Bitcoin exchange-traded products recorded net outflows of 62,794 BTC during the past three weeks, the second-largest outflow streak on record. US spot Bitcoin ETFs recently completed a 12-day run of net withdrawals, the longest since their launch. Spot Bitcoin ETF netflows since May 12. Source: SoSoValue. Meanwhile, Binance Research has recently warned about capital concentration in a handful of artificial intelligence-related stocks as investors increasingly direct funds toward sectors benefiting from the AI boom. K33 Research head Vetle Lunde echoed a similar view, writing that many investors see the opportunity cost of holding Bitcoin as too high while AI-related investments continue attracting capital. SBI Holdings chairman and president Yoshitaka Kitao also argued that institutional investors may be raising funds ahead of potential future public offerings involving companies such as SpaceX, Anthropic, and OpenAI. “From a fundamental perspective, there are no concerns whatsoever, and I am convinced that if the Clarity Act is enacted in the United States, it will bring a positive impact to the cryptocurrency market, including Ripple,” Kitao added. Escalating tensions between the United States and Iran have also failed to boost Bitcoin's appeal as a defensive asset. Instead, capital has continued flowing toward traditional safe havens such as gold and US Treasuries while cryptocurrencies have traded more like speculative risk assets. Why is Bitcoin's price crashing A large derivatives wipeout amplified the decline once Bitcoin broke below key support levels. CoinGlass data shows total crypto liquidations reached roughly $1.9 billion over the past 24 hours, with long positions accounting for about $1.7 billion of that figure. Nearly 279,500 traders were liquidated during the period. Total crypto liquidations. Source: CoinGlass. Bitcoin alone accounted for around $894.5 million in liquidations, making it the hardest-hit asset during the selloff. Ethereum followed with approximately $480.5 million. CoinGlass data also shows that the largest single liquidation order occurred on HTX in the BTC-USDT pair and was valued at about $59.7 million. As leveraged long positions were forced to close, automated selling across derivatives exchanges added to the downward momentum already created by spot-market weakness. The liquidation cascade pushed Bitcoin below several technical support zones and accelerated the drop toward the $65,000 area. Bitcoin price analysis Meanwhile, the daily chart shows Bitcoin trading below its 20-day, 50-day, 100-day and 200-day exponential moving averages, a sign that sellers remain in control across multiple timeframes. BTC/USD 1-day price chart. Source: TradingView. Current chart data places the 20 EMA near $74,041, the 50 EMA near $75,287, the 100 EMA around $76,063, and the 200 EMA near $80,675. Reclaiming those levels would require a substantial recovery from current prices. At the same time, Bitcoin has fallen below the lower Bollinger Band, which sits around $68,353. Such moves often indicate that price has become stretched to the downside, though they do not guarantee an immediate reversal. Looking at the 24-hour liquidation heatmap from CoinGlass, sizeable liquidity clusters have formed above the market between roughly $68,000 and $72,000. Bitcoin liquidation heatmap. Source: Coinglass. Dense pockets of leveraged positions appear around $68,300, $69,000, $70,000 and $72,000. Because markets frequently gravitate toward areas with large concentrations of liquidity, a short-term rebound could draw Bitcoin back toward those levels. A move above $68,000 could therefore expose several liquidation zones that may act as magnets for price. Below the market, support remains concentrated around the recent low near $65,000, followed by pockets of liquidity closer to the $64,000 region. Failure to hold those levels could open the door towards $60,000. What analysts are saying Many analysts, while bearish, remain divided on how far the current decline could extend. For instance, according to Crypto analyst Ted Pillows, Bitcoin is repeating a previous chart pattern that preceded a steep correction. Comparing the current structure with an earlier rising-channel breakdown, he said a drop toward $50,000 remains possible if history repeats itself. Pillows also referenced a Kalshi Crypto forecast market that showed traders assigning odds to Bitcoin falling to that level this year. BTC/USD 1-day price chart. Source: Ted Pillows on X. Pseudonymous analyst SuperBro has taken a less bearish stance. In a recent analysis, he argued that the current setup resembles a break from an ascending channel rather than a classic bear flag. BTC/USD 1-day price chart. Source: SuperBro on X. According to SuperBro, a loss of the previous swing low near $65,000 could send Bitcoin toward $61,000. He contends that a true bear-flag pattern would imply targets closer to $45,000 to $50,000, whereas the measured move from the current channel structure points to a higher low forming near the weekly 200 simple moving average. For now, Bitcoin remains caught between heavy overhead liquidation zones and a support area that has already come under intense pressure. Whether buyers can reclaim the $68,000 to $72,000 region or sellers force another breakdown below $65,000 is likely to determine the next phase of price action. The post Bitcoin falls to four-month low as $1.85B liquidation rattles market appeared first on Invezz

3 Jun 2026, 06:00

LAB records 40% hike to hit record highs – Are buybacks driving demand?

Here's why LAB's price has been surging over the past four days.