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Bitcoin decouples from tech stocks: Is $60K BTC’s next stop?
Bitcoin (BTC) faced a 7% correction after failing to reclaim the $67,200 level on Monday, triggering $330 million liquidations in bullish leveraged positions. More concerningly, the drop happened while the Nasdaq 100 index showed strength, trading 1% away from its all-time high. Should Bitcoin traders brace for a $60,000 retest?
The bullish momentum in the stock market likely came from thememorandum of understandingsigned by US President Donald Trump and Iran’s President Masoud Pezeshkian. Crude oil prices fell to their lowest level in 15 weeks to $74, easing inflation risks. Moreover, US job market data boosted investors’ morale as continuing jobless claims held flat at 1.81 million.
Bitcoin to $145K by October? Why this ‘crazy accurate’ 4chan prediction is sketchy
A viral social media post is reviving an alleged Bitcoin prediction that appears to have called several major BTC price levels from 2019 through 2024, with one final target remaining: $145,000 by October 2026.
The screenshot, shared by crypto accountCorleone, shows an anonymous 4chan-style post dated Dec. 20, 2018.
It claims that a certain group holds “around 90% of total supply” and lists Bitcoin price targets for October 2019, February 2021, July 2021, November 2021, April 2022, November 2022, March 2024, July 2024, September 2024, and October 2026.
At first glance, the prediction seems unusually accurate, with Corleone calling it “crazy accurate.” Bitcoin traded at several of the listed historical levels, including around $67,000 in November 2021 and near $16,000 at the November 2022 bear-market low.
XRP whale wallet withdrawals top 720M as risk-adjusted return data points to opportunity
Since June 3, more than 720 million XRP (XRP) tokens have left crypto exchanges, and Upbit’s share of XRP wallet flows has climbed to its highest level since May 2024.
The shift comes as XRP rebounded to $1.30 on Monday, with large holder activity continuing to dominate exchange flows and market indicators signal an ideal accumulation period amid lingering weakness.
Data from CryptoQuantshowsthat XRP’s multi-exchange daily outflow indicates repeated withdrawals of more than 1 million XRP per transaction. Between June 3 and June 14, major crypto platforms recorded roughly 722 million XRP in large daily outflows, highlighting the most sustained activity from whale-sized wallets since early February. Binance whales led the outflows, with 425 million XRP.
Ether analysts predict another ‘selling wave’ as ETH struggles to overcome $1.7K
Ether’s (ETH) exchange and derivatives data turned weaker over the past month. Binance recorded net inflows of 57,700 ETH, while futures open interest fell to a year-low of $10.3 billion from $15 billion, and the ratio of leveraged positions retreated sharply from their early June highs.
The combination of rising exchange supply, muted new participation, and declining futures activity has led ETH analysts to forecast another wave of selling pressure below $1,700.
Crypto analyst Pelin Ay noted that roughly 57,700 ETH flowed into Binance on a net basis over the past few days. Large inflows to the exchange often signal potential selling since Binance is one of the most liquid exchanges in the crypto market.
Goldman Sachs cuts year-end gold target by $500, doubting rate cuts
Goldman Sachs lowered its year-end gold forecast by $500 an ounce, citing expectations that the US Federal Reserve won’t cut interest rates this year.
The revised target places gold at $4,900, down from earlier estimates of $5,400. It comes on the assumption that the next Fed cuts could be pushed to March 2027 and December 2027.
“Our gold price views remain structurally constructive but tactically cautious, with near-term downside risk and medium-term upside risk,” Goldman Sachs commodity analysts Lina Thomas and Daan Struyven said, according to Bloomberg.
