CoinSignals

XMR recorded the biggest decline over the past 24 hours, shedding 12 percent of its value.

Bitcoin attempted to move above the $64,000 mark yesterday but failed to sustain the breakout. As of Saturday morning, the leading cryptocurrency continues to trade close to that level.

Most large cap altcoins posted modest gains over the past day. Cardano and HYPE each climbed by around 3 percent, while XMR suffered a sharp decline.

Bitcoin Stabilizes Around $64K

Bitcoin responded positively after the steep market downturn seen during the first week of June, which reached its lowest point on Friday when the asset fell to $59,100, its weakest level in 19 months. Following that decline, BTC rebounded and surged toward $64,000 on June 8.

However, escalating tensions involving the United States and Iran, including fresh attacks across several countries in the region, disrupted Bitcoin’s recovery momentum. The release of May CPI data, which came in at its highest level in years, also weighed on market sentiment.

Throughout the week, Bitcoin slipped below $61,000 on several occasions but successfully defended that support level and pushed for a stronger rebound. Its highest point came yesterday, just hours before SPCX began trading on Wall Street, when BTC climbed to nearly $64,500. The rally was short lived as sellers regained control, leaving Bitcoin trading slightly below $64,000.

Bitcoin’s market capitalization has risen to nearly $1.28 trillion according to CoinGecko. Its dominance over the broader altcoin market has also strengthened, reaching 56.4 percent.

XMR Leads the Losses

Ethereum continued its gradual advance toward $1,700 after posting another small daily gain. BNB, XRP, and TRX also registered increases of less than 1 percent. DOGE and SOL gained between 1.6 and 1.7 percent, while HYPE rose more than 3 percent to reach $59.

Cardano continued its recovery efforts, climbing 3 percent to trade comfortably above $0.17 following its recent selloff.

In contrast, XMR erased all of the gains it had accumulated earlier in the week, plunging more than 12 percent to $340. NEAR and ZEC also traded slightly lower. Meanwhile, BEAM, TAO, and ICP posted notable gains of as much as 11 percent.

The total cryptocurrency market capitalization remained relatively stable at approximately $2.27 trillion, according to CoinGecko.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Ripple CEO Brad Garlinghouse has responded sharply to JPMorgan CEO Jamie Dimon, accusing him of mischaracterizing the proposed CLARITY Act and unfairly portraying it as a weakening of financial compliance standards.

Garlinghouse said Dimon has long been dismissive of the crypto industry and is now spreading misleading claims about the intent of the legislation.

Dispute over crypto regulation intensifies

Speaking in an interview with Fox Business host Maria Bartiromo, Garlinghouse addressed Dimon’s recent comments in which the banking executive criticized Coinbase CEO Brian Armstrong for lobbying in Washington. Dimon also argued that the CLARITY Act could reduce safeguards against money laundering and violations of the Bank Secrecy Act.

Garlinghouse rejected those claims, suggesting Dimon either misunderstands the bill or is deliberately misrepresenting it to weaken support.

He noted that while Armstrong advocates for Coinbase’s interests, Dimon’s framing of the legislation as lowering compliance standards is inaccurate.

According to Garlinghouse, the bill does not weaken protections but instead seeks to establish clearer regulatory rules. He described Dimon’s comments as either intentional distortion or a careless attempt to undermine the legislation.

Dimon had also criticized Armstrong during an appearance at the Reagan National Economic Forum, saying banks would not support the bill in its current form and using unusually strong language in his remarks.

Broader reactions from industry voices

Economist Peter Schiff also weighed in on the debate, criticizing Dimon’s stance. While Schiff remains a longtime critic of crypto, he argued that stablecoin issuers should not be regulated in the same way as traditional banks. He pointed out that banks benefit from FDIC insurance and engage in fractional reserve lending, while fully backed stablecoins typically hold reserves in US Treasuries and serve a different financial role.

Status of the CLARITY Act

The CLARITY Act continues to move through the US legislative process but faces increasing resistance from large banking institutions. The bill is designed to clearly define regulatory responsibilities for digital assets by dividing oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission, aiming to reduce uncertainty in the US crypto sector.

After passing the House in 2025, the legislation advanced through the Senate Banking Committee last month. However, it still requires approval from the full Senate, where debates continue, particularly over stablecoin yield provisions. Banks argue that these features could allow crypto firms to offer interest like returns without facing the same regulatory constraints as traditional financial institutions.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Cardano co-founder Charles Hoskinson says he is preparing to move much of the ADA community away from X and into Discord, citing ongoing online hostility and what he describes as persistent negativity on the platform.

He explained that he has already discussed the idea with EMURGO CEO Phillip Pon and is developing a plan to establish a Discord-based hub designed to better support the Cardano ecosystem.

Hoskinson criticizes X environment

In a late Thursday post on X, Hoskinson said the goal is to migrate community interaction into more structured and moderated spaces. He described the envisioned Discord setup as a place for “positive, well-moderated channels,” contrasting it with what he called “drama, lies, endless rage, and embittered people” on X.

He added that while he intends to continue using X for livestream broadcasts due to his large audience of over one million followers, community engagement will increasingly shift elsewhere.

Hoskinson also said future Ask Me Anything sessions will be limited to participants in official Cardano and Midnight Discord servers. Midnight is a privacy focused blockchain project developed by IOG.

Responding to criticism that he would still be active on X, he dismissed the concern, saying he could not “solve stupid” and encouraged detractors to continue focusing on platform controversies.

Longstanding concerns about platform toxicity

The proposed migration follows months of complaints from Hoskinson about what he sees as toxic behavior affecting discussions around Cardano.

In an April 24 livestream titled “Remember Kids, X Isn’t Reality,” he also discussed efforts to develop an AI system called Project Nyx to automate parts of his online engagement. However, he noted that platform rules requiring AI accounts to be labeled as bots could reduce visibility and complicate its use.

Community reaction and data signals

Some independent analysis suggests that sentiment on the platform is divided. A review of roughly 130 replies to a post calling for an end to anti IOHK Charles discussions found that about one third of responses were hostile or abusive, according to analysis assisted by Grok.

The study also pointed to possible coordinated behavior, including repeated language patterns and clusters of anonymous accounts. At the same time, it acknowledged that some criticism reflects genuine concerns about project delivery, financial losses, and leadership accountability within the Cardano ecosystem.

Market reaction

Cardano reacted positively to the announcement, rising more than 3 percent and trading near 0.17 dollars at the time of writing. This contrasts with last week, when ADA dropped about 11 percent following Hoskinson’s earlier statement that he was taking a break from public engagement.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin could be approaching the final stage of its current bear market cycle, with a potential bottom forming around the 2026 FIFA World Cup, scheduled from June 11 to July 19, according to a June 12 report from BIT Research.

The researchers argue that a combination of technical market structure, weak investor sentiment, and easing inflation pressures may eventually set the conditions for a major recovery after months of sustained decline.

World Cup period viewed as possible cycle low

BIT Research says Bitcoin has been moving through an A-B-C corrective pattern since the downturn began in October 2025.

In their framework, Wave A saw Bitcoin fall into the 60,000 to 69,000 dollar range. Wave B then pushed the price back toward the 80,000 to 90,000 dollar area, with a peak near 83,000 dollars in mid May before momentum faded.

The firm now believes the market is in Wave C, the final corrective phase. It estimates a potential bottom zone between 50,000 and 55,000 dollars, with the World Cup period seen as the most likely timeframe for that low.

Sentiment and technical indicators turning bearish

The report notes that the Fear and Greed Index has returned to deeply depressed levels, similar to conditions observed near the 2022 market bottom.

Technical indicators also reflect weakness. BIT highlights that stochastic signals are deeply oversold, while Bitcoin is trading more than two standard deviations below its weekly moving average.

Key levels to watch include 61,576 dollars as a possible support zone, while the realized price, currently around 54,591 dollars, is viewed as an important threshold where Bitcoin has historically become undervalued.

The report adds that although price can briefly fall below realized price, it rarely stays there for long.

Inflation still a key macro factor

The analysts also emphasize macroeconomic conditions, particularly inflation. They compare the current environment to 2022, when easing inflation helped confirm a cycle bottom. A similar shift, they suggest, may be necessary for a durable reversal this time as well.

Recent price action

Bitcoin has experienced sharp declines over the past several weeks. After failing to hold near 73,000 dollars in early June, it dropped through 70,000, 65,000, and eventually below the 60,000 dollar support level.

The decline bottomed just above 59,000 dollars last Friday, marking its lowest level in nearly two years before rebounding toward 63,000 dollars. At the time of writing, it has slipped back below 63,000 dollars, leaving it down more than 22 percent over the past month and nearly 42 percent year over year.

Much of the recent volatility has been driven by geopolitical tensions, particularly fluctuations tied to the ongoing conflict between the United States and Iran, where market sentiment has reacted sharply to developments involving strikes, retaliation risks, and peace negotiations.

BIT Research concludes that the market may still require one to three months before a confirmed trend reversal appears, but suggests that the opening of the 2026 FIFA World Cup at Estadio Azteca could coincide with the final stage of the current cycle’s downturn.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

The past week in markets was marked by extreme volatility across crypto, major geopolitical tension, and a historic public offering that reshaped equity market records.

The week ended with one of the sharpest recent declines in Bitcoin, which briefly fell below 60,000 dollars for the first time since late 2024. This drop followed several days of sustained selling pressure that began when Bitcoin was trading above 73,000 dollars and steadily broke through multiple support levels.

Bulls eventually stepped in after the steep selloff, helping the asset recover back above the 60,000 dollar mark. Momentum continued into the weekend, with Bitcoin rising toward 62,000 and 63,000 dollars before briefly touching 64,000 dollars as markets reacted to hopes of a US–Iran peace agreement.

However, geopolitical developments quickly reversed sentiment. Renewed conflict escalated after reports of strikes involving Israel and Lebanon, alongside claims of Iranian retaliation and statements from US President Donald Trump regarding a downed US helicopter. Although tensions remained elevated, Trump later canceled planned US retaliation strikes, triggering a sharp intraday crypto bounce, with Bitcoin gaining roughly 1,500 dollars within minutes. He also suggested a peace deal could be announced soon.

That optimism faded again when Trump later disputed reports from Iranian media about the terms of a potential agreement, stating they did not match any written understanding and criticizing Iranian officials.

SpaceX IPO breaks records

Another major development was the debut of SpaceX on Wall Street, which became the largest IPO in history after overwhelming demand. The offering was heavily oversubscribed and set a new record for capital raised.

Although trading had not fully stabilized at the time of reporting, initial expectations placed opening prices around 135 dollars per share under the SPCX ticker, with strong investor demand driving heightened attention across global markets.

Crypto market snapshot

Despite volatility, Bitcoin is now trading around 64,000 dollars, roughly 5,000 dollars above last week’s multi month low. Several altcoins posted even stronger gains, including notable moves such as a 30 percent rise in ZEC and a 19 percent increase in XMR.

Total crypto market capitalization sits at about 2.28 trillion dollars, with daily trading volume near 80 billion dollars and Bitcoin dominance at 56.4 percent. Market prices include Bitcoin up 5.8 percent, Ethereum up 6.4 percent, and XRP up 4.6 percent over the period.

Key crypto headlines from the week

Several major developments shaped sentiment across the industry:

After backlash over a small Bitcoin sale by Strategy, Michael Saylor clarified that the company never promised it would never sell BTC if necessary. Strategy also resumed accumulation, purchasing 1,550 BTC worth about 100 million dollars.

Grayscale analysts suggested Bitcoin may be undervalued based on multiple on chain indicators, pointing to potential buying opportunities even if conditions are not yet as extreme as past bear market bottoms.

Mining sector stress also increased, with several metrics showing rising pressure on Bitcoin miners, though still below the levels seen in the 2018 and 2022 downturns.

On the regulatory front, Hungary is reportedly considering decriminalizing several forms of crypto trading following political changes, while Japan is moving toward regulating digital assets like equities, a shift that could pave the way for crypto exchange traded funds and potentially lower taxes for investors.

Meanwhile, investor Tim Draper argued that Bitcoin may be more resilient than traditional banking systems in the face of quantum computing risks, reversing common concerns that such technology could threaten crypto security.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

SpaceX’s public offering on Thursday set a new record, surpassing Saudi Aramco to become the largest IPO in history after the company raised 75 billion dollars. While initial expectations placed the opening price at around 135 dollars per share, trading on Wall Street under the SPCX ticker began at 150 dollars instead.

Early trading saw significant volatility, with the stock briefly climbing toward 170 dollars before being halted. It later stabilized slightly lower, trading below 160 dollars.

Despite the fluctuations, SpaceX quickly climbed into the ranks of the world’s most valuable companies, reaching a market capitalization above 2 trillion dollars. At the time of reporting, it ranked ninth globally, ahead of Broadcom at 1.8 trillion dollars and just behind TSMC at 2.2 trillion dollars.

The blockbuster listing and multi trillion dollar valuation significantly boosted Elon Musk’s net worth on paper, making the Elon Musk the first individual to reach trillionaire status.

Founded in 2002 as a space exploration, telecommunications, and AI focused company, SpaceX sold 556 million shares at its initial offering price of 135 dollars. Retail investors were able to participate through platforms including Charles Schwab, Fidelity, SoFi, Morgan Stanley’s E*TRADE, and Robinhood.

A Charles Schwab spokesperson told CNN that all eligible clients who completed the required affirmation process received at least part of their requested allocation.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Pessimism around XRP has been rising, with market sentiment falling to its weakest level since October 2025, according to Santiment data released on June 12. The drop comes despite ongoing development across the XRP Ledger ecosystem and continued work on broader Ripple related initiatives.

Social sentiment weakens as traders grow frustrated

Santiment’s weighted sentiment indicator, which measures social media tone by combining discussion volume with the balance of positive and negative comments, shows XRP at an eight month low.

The decline is partly driven by price weakness, but analysts also point to growing fatigue among traders who have been waiting for a strong catalyst. This comes even after significant progress in Ripple’s legal situation, which many expected to unlock stronger upside momentum.

There is also frustration that expectations around institutional adoption have not yet translated into meaningful price gains for XRP, adding to the negative mood among retail traders.

However, Santiment notes that extreme pessimism has historically appeared near major turning points. The firm observed that some of XRP’s strongest rebounds have occurred during periods when retail interest and discussion levels were at their lowest.

According to the analytics platform, reduced social engagement and rising negative commentary may indicate that many participants have either stepped back or lowered expectations, a condition that sometimes precedes recovery phases.

At the same time, development activity across the XRP ecosystem continues. Growth in XRP Ledger usage, new tokenization efforts, and expanding institutional products suggest underlying progress even as sentiment weakens.

Price action remains under pressure

Market data from CoinGecko shows XRP rising about 2 percent in the past 24 hours to roughly 1.15 dollars. Despite the short term gain, the token remains down about 22 percent over the past month and nearly 69 percent below its all time high of 3.65 dollars reached in July 2025.

Some analysts believe a bottom may be forming. Ali Martinez recently pointed to a Tom DeMark Sequential buy signal, although he previously suggested that a deeper decline toward 0.90 dollars could offer a stronger long term entry point.

On chain activity shows mixed signals

Recent blockchain data adds further nuance. CryptoQuant reported that between June 3 and June 11, around 465 million XRP were withdrawn from Binance in transactions exceeding 1 million tokens. Such outflows may reduce exchange supply and potentially ease selling pressure if the trend continues.

At the same time, data from Arab Chain shows that XRP whale inflows to Binance have risen to about 1.33 billion over the past 30 days, the highest level in two months. While this does not necessarily indicate immediate selling, it suggests increased activity among large holders reacting to current market conditions.

Macro backdrop and broader sentiment

On the macroeconomic front, optimism briefly improved after US President Donald Trump announced the cancellation of planned strikes on Iran, lifting stocks, gold, and silver. However, Santiment notes that crypto assets, including XRP, have so far shown a more muted response compared to traditional markets.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin has dropped nearly 15 percent since Strategy revealed on June 1 that it sold 32 BTC between May 26 and May 31 for about 2.5 million dollars. Over the same period, Strategy’s stock has also fallen around 24 percent.

In response to growing criticism, Strategy chairman Michael Saylor defended the decision and pushed back against the backlash during an appearance at the BTC Prague conference.

Saylor clarifies Strategy’s position

Saylor said that his long standing message to investors has been that individuals should not sell their Bitcoin, but he never promised that the company itself would never sell. He emphasized that Strategy has consistently disclosed in its filings and earnings calls over the past five years that selling Bitcoin remains an option if needed.

He stated that critics should already be aware of this based on the company’s public communications, adding that the policy has always been transparent.

Strategy’s recent sale marks its first Bitcoin disposal in years. The company sold the 32 BTC at an average price of 77,135 dollars each, slightly above its average acquisition cost of 75,699 dollars per coin. Saylor had previously suggested in early May that a sale was possible, but the move still surprised parts of the market.

The last time Strategy sold Bitcoin was in December 2022, during a severe crypto downturn driven by aggressive interest rate hikes, the collapse of FTX, and wider stress across digital asset lenders and hedge funds.

The sale also drew criticism from some commentators, including Jim Cramer, who wrote on social media that Saylor had “murdered Bitcoin.”

Market reaction and competing narratives

While Saylor attributed recent market weakness partly to enthusiasm around artificial intelligence stocks, crypto investment firm Arca disputed that explanation. In a weekly note, Chief Investment Officer Jeff Dorman argued that the decline was primarily triggered by Strategy’s Bitcoin sale.

Dorman said the selling pressure was clearly linked to the Saylor and Strategy news, rejecting what he described as attempts to downplay its impact.

Despite the controversy, Strategy has continued accumulating Bitcoin. The company recently purchased an additional 1,550 BTC for just over 100 million dollars, bringing its total holdings to 845,256 BTC acquired at an average price of 75,680 dollars per coin.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Metaplanet is expanding its crypto strategy with a $13 million acquisition of Siiibo Securities, a licensed Type I brokerage firm known for its role in Japan’s online corporate bond market.

The company, currently the third largest corporate holder of Bitcoin, said the deal is expected to close in July. Once completed, Siiibo Securities will be rebranded as Metaplanet Securities, according to CEO Simon Gerovich.

Gerovich described the acquisition as the company’s first major purchase and the initial execution step in its broader initiative called Project Nova, which aims to build a Bitcoin focused financial ecosystem in Japan.

Building a Bitcoin centered financial platform

Metaplanet began accumulating Bitcoin a few years ago, following a strategy similar to Strategy, and has since grown into one of the largest corporate holders globally. The company currently holds 40,177 BTC, ranking behind Twenty One Capital with 43,514 BTC and Strategy, which holds 845,256 BTC.

Gerovich said the importance of the acquisition is significant, pointing to Japan’s large pool of household capital, estimated at around 7.4 trillion dollars held in cash, deposits, and low yield financial products. He noted that as Japan transitions from a deflationary environment toward inflation, investors are increasingly searching for higher returns.

By integrating Siiibo’s securities license and digital platform, Metaplanet plans to offer Bitcoin related yield products directly to Japanese investors. These products will be backed by the company’s 40,177 BTC treasury, which it claims is the largest corporate Bitcoin reserve in Asia.

Market reaction

Metaplanet’s stock rose immediately after the announcement, gaining more than 3.6 percent. However, the broader trend remains tied to weakness in Bitcoin markets, with the stock still down about 32 percent over the past month and roughly 47.5 percent over the last six months.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Global financial markets rallied after reports that US President Donald Trump had called off planned American strikes on Iran, boosting optimism around a potential reduction in geopolitical tensions.

According to data from Santiment, social media conversations about peace negotiations, ceasefires, agreements, and conflict resolution surged to their highest level this month following news that a potential deal may be close.

Iran ceasefire optimism lifts markets

The emerging agreement reportedly includes extending the ceasefire, reopening the Strait of Hormuz, and resuming diplomatic talks. Santiment noted that traditional financial markets reacted quickly, with price movements occurring within an hour of the announcement.

Equities surged, while gold and silver also climbed as investors repositioned for a more stable geopolitical environment and improved economic outlook.

Bitcoin, however, responded more slowly compared to traditional assets. The asset moved back above 63,000 dollars, bringing its weekly gain to about 1.7 percent. Santiment suggests that if confidence in a finalized agreement continues to grow, crypto could still see further upside as geopolitical risk fades.

At the same time, interest in digital assets appears to be increasing again. Alphractal reported a rise in Google search activity related to cryptocurrencies in June, indicating renewed retail curiosity. The firm noted that spikes in search trends often occur during periods of heightened fear or excitement, when new participants reenter the market.

Traders remain cautious on breakout strength

Despite improving sentiment, some analysts say confirmation is still lacking. Michael van de Poppe, founder of MN Fund, stated that Bitcoin has not yet broken decisively above the key resistance zone between 64,000 and 65,000 dollars. He added that reclaiming that range would be necessary to restore stronger bullish momentum across the broader crypto market.

He also suggested that significant movement in the immediate term may be limited due to liquidity distractions around the SpaceX IPO taking place today. However, he noted that if short term price structures continue forming higher lows and geopolitical tensions in the Middle East continue to ease, markets could still finish the week strongly, supported by improving liquidity conditions flowing into crypto assets.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic