hodler

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.

10 Jun 2026, 07:25

Indonesian Rupiah Under Pressure: Commerzbank Warns of Further BI Tightening

BitcoinWorld Indonesian Rupiah Under Pressure: Commerzbank Warns of Further BI Tightening The Indonesian rupiah continues to face significant headwinds, and analysts at Commerzbank suggest that Bank Indonesia (BI) may need to tighten monetary policy further to defend the embattled currency. In a note released this week, the German bank’s foreign exchange strategists highlighted persistent external pressures, including a strong US dollar and elevated global interest rates, as key drivers of IDR weakness. Why BI May Need to Act Again Commerzbank’s analysis points to a widening interest rate differential between Indonesia and the United States as a primary factor pressuring the rupiah. Despite BI’s cumulative rate hikes over the past year, the yield advantage for holding rupiah-denominated assets has narrowed, reducing the currency’s appeal to foreign investors. The bank notes that without further tightening, capital outflows could accelerate, exacerbating depreciation. Indonesia’s trade surplus, while still positive, has also been shrinking, offering less support to the rupiah. Commodity price normalization, particularly for coal and palm oil, has reduced export revenues, while import demand remains resilient. This shift in the current account dynamic adds another layer of vulnerability for the currency. Market Implications and Investor Sentiment The prospect of additional BI tightening has implications for Indonesian bond markets and equities. Higher domestic rates could support the rupiah in the near term but may also weigh on economic growth by increasing borrowing costs for businesses and consumers. Foreign portfolio investors are closely watching BI’s next move, with many adopting a wait-and-see approach. Commerzbank’s view aligns with a growing consensus among regional analysts that BI will remain hawkish in the coming months. However, the bank cautions that the effectiveness of rate hikes in stabilizing the IDR may be limited if global dollar strength persists. Structural reforms to boost export competitiveness and attract foreign direct investment are seen as longer-term solutions. What This Means for Indonesian Businesses and Consumers For Indonesian companies with foreign currency debt, a weaker rupiah increases repayment costs, potentially squeezing profit margins. Importers, particularly those reliant on raw materials and machinery, face higher input costs that could be passed on to consumers. On the positive side, exporters benefit from a more competitive exchange rate, though the net effect on the broader economy remains uncertain. Consumers may experience higher prices for imported goods, including electronics, vehicles, and certain food products. BI’s tightening cycle, if sustained, could also lead to higher mortgage and lending rates, dampening domestic demand. Conclusion Commerzbank’s warning underscores the delicate balancing act facing Bank Indonesia as it navigates external pressures and domestic growth objectives. While further rate hikes may provide temporary relief for the rupiah, sustainable stability will depend on a combination of prudent monetary policy, improved current account fundamentals, and a more favorable global environment. Investors and businesses should remain vigilant to policy signals from both BI and the Federal Reserve in the weeks ahead. FAQs Q1: Why is the Indonesian rupiah weakening? The rupiah is under pressure due to a strong US dollar, narrowing interest rate differentials, and a shrinking trade surplus. Global factors, including US Federal Reserve policy, also play a significant role. Q2: How could Bank Indonesia respond? Commerzbank expects BI may raise interest rates further to defend the rupiah and attract foreign capital. Other measures could include intervention in the foreign exchange market and tighter liquidity management. Q3: What does a weaker rupiah mean for the Indonesian economy? It increases the cost of imports, potentially fueling inflation and hurting consumers and businesses with foreign debt. However, exporters may benefit from improved competitiveness. Overall, it creates headwinds for economic growth if sustained. This post Indonesian Rupiah Under Pressure: Commerzbank Warns of Further BI Tightening first appeared on BitcoinWorld .