Ripple CTO Emeritus David Schwartz used a June 5 video segment to lay out what the XRP Ledger is becoming: a settlement and issuance layer for tokenized stocks, money market funds, repos, and on-chain loans, not just a faster payments rail. This is bullish news for XRP.

The roadmap is specific, the infrastructure timeline is tight, and the institutional partner list is real. The question worth asking is which parts of this are already running and which are still in the queue.

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What’s Actually Live on XRPL Right Now: The RWA Base Is Real, But the Headline Products Are Still Incoming

The traction on XRPL’s real-world asset layer is not a projection, it’s a data point. Tokenized RWAs on the ledger grew from $24.7 million to $567.9 million over the course of 2025, a 2,200% increase, and reached approximately $2.325 billion by early 2026.

That trajectory puts XRPL roughly 8th globally for distributed tokenized RWAs, representing around 1.53% of the total market.

The top issuers are VERT Capital, RLUSD, and OpenEden, which together accounted for 85.5% of tokenized value as of mid-2025. Ripple’s regulated stablecoin RLUSD carries a $1.3 billion market cap, making it the third-largest US-regulated stablecoin.

That is the live stack. The $2.3 billion figure is real. What it means for XRPL’s ambitions in tokenized equities and credit is a different question.

On the protocol side, two mechanisms are central to Schwartz’s vision. The Multi-Purpose Token standard, MPT, allows complex structured assets like bonds and funds to be represented on-chain with built-in attributes such as maturity dates and transfer restrictions, without requiring custom smart-contract logic.

The native lending protocol, being rolled out under XLS-66 as part of XRPL Version 3.0.0, enables fixed-term institutional loans with isolated vaults and automated repayments. A permissioned DEX, order books accessible only to KYC-credentialed participants – already has its first live offering. These are not concepts.

They are shipping infrastructure. The XLS-66 validator vote, which requires an 80% supermajority, is the remaining gate on full lending protocol activation.

What XRP Schwartz Said on June 5 and What the News Sequencing Actually Signals

Schwartz’s framing in the ‘XRP in a Minute’ segment was deliberate in its sequencing. He opened by tracing Bitcoin’s contribution, proving that a public blockchain could let people hold and transfer value, and then positioned XRPL as the next layer: ‘providing both the native digital assets similar to bitcoin, as well as issued assets that can represent things like stablecoins or tokenized assets of any kind.’

He then named the near-term product categories explicitly: ‘tokenized securities to money market funds, even things like tokenized stocks.’ And on the credit side: ‘tokenized repos and tokenized loans.’ The ordering matters.

Securities and funds first, those have the clearest institutional demand and the most developed compliance infrastructure on XRPL already. Repos and loans follow, which require the XLS-66 lending protocol to be fully live.

Tokenized stocks are named but are not yet confirmed as live products on the ledger as of the article date. Archax, the UK-regulated digital securities exchange, has committed a $1 billion pipeline including equities and fund units.

The infrastructure, MPT, permissioned DEX, credential-gated order books, is capable of supporting tokenized equities. The actual live products are not yet announced.

Schwartz’s institutional thesis is pointed: ‘Enterprises will provide the features that will attract mass retail adoption, where DeFi can truly deliver on its promise of replacing TradFi.’

That is an argument that compliance-first, enterprise-built financial products are the on-ramp for the next wave of tokenization adoption, not permissionless protocols or retail speculation.

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The post XRP News: David Schwartz Just Said XRP Is Becoming a Settlement Layer for Stocks and Loans, Is the Infrastructure Actually Ready? appeared first on Cryptonews.

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The fundamental backdrop surrounding Tesla has been mixed in recent weeks. In the first quarter of 2026, the company exceeded consensus expectations, reporting adjusted EPS of $0.41 versus forecasts of $0.36, while revenue reached $22.38 billion. Gross margin in the automotive segment improved to 19.2%, and the company recorded its largest order backlog in more than two years.

At the same time, corporate developments continue to influence market sentiment. Speculation regarding a potential merger between Tesla and SpaceX has intensified following CNBC reports on 27 May that Elon Musk had discussed a combination of the two companies with colleagues. Against this backdrop, JPMorgan removed its long-standing “underweight” rating on 5 June, ending a bearish stance that had been maintained for years.

Technical Picture

On the four-hour chart, Tesla shares display a three-phase structure. From late December 2025 through early April 2026, the stock remained in a sustained downtrend. After forming a local low near 337, the price reversed higher and entered a corrective advance. The correction peaked in the 452 area before a sharp decline brought the shares back towards current levels.

The upper boundary of the profile at 443 and the 452 area could act as resistance should a bullish scenario develop. Meanwhile, the green support level near 385 remains a potential downside target for sellers.

The point of control (POC) of the horizontal volume profile is concentrated between 423 and 424, making this area — together with the lower boundary of the profile — particularly important to monitor. The profile boundaries at 417 and 443 define the current trading range, and either a breakout or a successful defence of these levels could encourage more active participation from market participants.

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The RSI and its moving averages currently stand at 31, 47 and 51. The oscillator is approaching oversold territory, while the moving averages remain close to the neutral zone, suggesting that momentum has yet to develop a clear directional bias.

Key Takeaways

The technical outlook for Tesla shares is currently centred on price action around key support levels. Until the 385 level is decisively broken and confirmed by corresponding signals from the RSI and its moving averages, neither side appears to hold a clear advantage. Meanwhile, the corporate narrative remains focused on the potential SpaceX merger and JPMorgan’s rating revision, both of which could act as catalysts for the stock’s next medium-term move.

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An attacker exploited a validation flaw in Syscoin’s bridge system, minting about 5 billion SYS tokens without authorization and sending the token’s price into a nearly 20% freefall.

This incident was revealed by the Syscoin team in an early postmortem published on X, and it comes during a tough stretch for SYS, which was already deeply in the red across the last few weeks and months.

What Happened

According to Syscoin’s postmortem, the attacker exploited a validation issue in the bridge relay path, which incorrectly accepted or interpreted a transaction proof. That error caused the system to treat a fraudulent transaction as valid and create an unauthorized output of approximately 5 billion SYS, then valued at just under $10 million.

Per the Syscoin team, the stolen funds were sent to the address sys1qgaelv…9wvcw and then split across two other wallets, one holding about 4 billion SYS and the other the remaining 1 billion.

Syscoin immediately paused the bridge and has since contacted exchanges and ecosystem partners asking them to blacklist or freeze any deposits connected to the tainted UTXO trail and its downstream transactions. The team also said that it had identified the affected validation path and had put in place a fix pending security review and implementation.

According to blockchain analytics account Hupzy, operated by Spot On Chain, the incident was a recurring structural problem. It also noted that while blacklisting by exchanges may contain the secondary damage, the reputational hit to the bridge model will persist.

A Token Already Under Pressure

The exploit couldn’t have landed at a worse time for SYS holders, considering that when it happened, the token was already down more than 43% in seven days and over 82% in the last month.

A lot of that longer-term decline was already in motion after Binance delisted SYS last month alongside four other tokens following a review of its listing standards.

Shortly after the delisting news broke, the Syscoin community responded by pulling well over 300 million SYS from the exchange, with over 600 new nodes reportedly added to the network.

The attack on the Syscoin bridge is the latest in a string of cross-chain security incidents that have kept DeFi on edge. They include an $11 million exploit on the Verus network in May and the draining of $7.3 million from more than 1,400 DxSale liquidity pools on the BNB Chain.

Luckily for Verus, the hacker later returned about $8.5 million, keeping $2.8 million for themselves as a white-hat bounty.

The post SYS Drops 20% After 5B Unauthorized Tokens Minted in Syscoin Bridge Exploit appeared first on CryptoPotato.

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BTC USD saw sharp volatility as it dipped below $63K, rebounded to $63.7K, then dumped again after fresh Iran-Israel strikes. Not helping the case, an 8% KOSPI crash triggered a circuit breaker in South Korea as the Asian stock market tumbled. Geopolitical tensions rattled global risk assets while crypto extended last week’s pain.

The Crypto Fear & Greed Index fell to 8, an extreme fear condition, the worst sentiment since 2 months. Last week alone, crypto shed $390 billion in its worst performance since the FTX collapse, with BTC USD down 17% and ETH down 22%. BTC USD briefly tested sub-$60K levels before a weekend relief rally pushed it back to $63K.

Geopolitical tension is also pushing oil higher as safe-haven flows into the dollar. Thus, BTC/USD took a hit amid fears of Japan’s BOJ’s moves.

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Strategy Hints More BTC USD Buys, Hayes Denies LookOnChain Claims, ZachXBT Cries Foul

Michael Saylor posted Strategy’s signature Bitcoin accumulation chart with the caption “a good time to add more dots,” despite their unrealized losses. The firm’s CEO, Phuong Le, backs Saylor’s remark. “Rumors otherwise are just rumors.”

Strategy continues executing its long-term plan even as public companies holding BTC as treasury assets lost $62 billion in combined market cap during the June rout.

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At the same time, BitMEX co-founder Arthur Hayes denied LookOnChain reports that he rebought HYPE after a large wallet withdrawal was spotted. On-chain detective ZachXBT publicly called out Hayes for promoting then dumping HYPE, NEAR, ZEC, and WLD in quick succession, accusing him of creating exit liquidity for followers. Hayes brushed it off, saying he sells to willing buyers and shares trades openly.

The drama has fueled debates on Crypto Twitter about influencer transparency. ZachXBT also disputed separate Dubai scam claims while the timeline recapped Twitter’s drama as banks pushing onchain tokenized deposits. This happened after JPMorgan’s Dimon called Coinbase’s Armstrong full of shit.

Another drama comes from Justin Sun’s HTX. The exchange delisted Trump-backed stablecoin USD1 after World Liberty Financial froze exchange-linked wallets. HTX converted user holdings to USDT at 1:1 and suspended related pairs, escalating a public feud tied to prior sanctions and asset freezes.

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Senate Progress on Clarity Act Keeps Hope Alive

Senator Cynthia Lummis declared victory after the Clarity Act passed the committee:

“The floor is next. We did not come this far to quit at the 5-yard line.”

Lawmakers now eye a full Senate vote before summer recess, though we see trimmed passage odds slashed to 60% as the clock ticks.

However, extreme fear often precedes explosive recoveries. History shows Fear & Greed readings below 10 have frequently marked local bottoms before powerful BTC USD rallies. With corporate buyers like Strategy still committed and geopolitical noise likely to fade, the current washout could send crypto higher.

On the bullish front, institutional adoption from major banks and clearer U.S. rules will drive capital back into Bitcoin and quality assets. The BTC USD dip may prove to be the final shakeout before summer strength returns. Extreme fear at 8 is not sustainable.

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The post Crypto News, June 8: BTC USD Bouncing, Strategy Buys More Bitcoin, Hayes Denies LookOnChain Claims as ZachXBT Calls his Pn’D Scheme appeared first on Cryptonews.

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Josh Swihart has detailed Zcash’s emergency response to a vulnerability that could have enabled unlimited counterfeit ZEC creation, as the token has recovered more than 41% from its post-disclosure low.

Summary

• Zcash deployed a soft fork and a hard fork to fix a critical Orchard vulnerability that could have enabled unlimited counterfeit ZEC creation.
• Josh Swihart said mining pools and exchanges reviewed the emergency code changes, with ViaBTC and Foundry helping coordinate the response.
• ZEC has recovered more than 41% from its June 5 low after the vulnerability was patched and Orchard transactions were restored.

According to Josh Swihart, founder of Zcash Open Development Lab (ZODL), the team deployed a two-stage network upgrade after discovering a critical flaw in Zcash’s Orchard shielded pool, the network’s primary privacy-focused transaction system.

In a June 8 post on X, Swihart said the first step involved a soft fork that disabled Orchard transactions while allowing developers to reduce the risk of exploitation without publicly revealing details that could have exposed the network to further threats. 

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A second upgrade, the NU6.2 hard fork, went live on June 3 and addressed the underlying vulnerability before Orchard transactions were restored.

The update follows last week’s disclosure from Shielded Labs, an independent support organization for Zcash, which warned that a flaw in the Orchard circuit could have allowed an attacker to mint unlimited counterfeit ZEC.

Shielded Labs said the issue had been fixed and added that it considered prior exploitation unlikely, although it acknowledged there was no cryptographic proof that the bug had never been used.

Orchard serves as Zcash’s main shielded pool, allowing users to send and receive ZEC through zero-knowledge proofs that conceal transaction details while validating transfers.

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Mining pools and exchanges reviewed emergency fix

During the response process, Swihart said ZODL worked closely with mining pools, exchanges, and other ecosystem participants that requested code reviews before supporting the upgrade.

Among those participants, Swihart identified ViaBTC and Foundry as key contributors that helped coordinate the network response and verify the emergency changes before activation.

Earlier discussions around the vulnerability had already prompted conversations about longer-term recovery measures. Shielded Labs previously outlined a proposal known as Ironwood, which would isolate the existing Orchard pool, track coins leaving the system through turnstile accounting, and eventually guide users toward a new shielded pool with stronger supply verification mechanisms.

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Separate comments from David Schwartz, CTO emeritus of Ripple, also addressed concerns from Zcash users about funds left behind in Orchard. 

Schwartz said passive holders would not automatically lose ownership of their coins if no exploit occurred before any migration process, explaining that consensus rules could continue recognizing those balances even if the pool stopped seeing regular activity.

ZEC rebounds after sharp selloff

Market reaction to the disclosure was immediate. According to previously reported price data, ZEC fell from roughly $630 to around $303 after news of the vulnerability emerged, as traders grappled with uncertainty surrounding the integrity of the shielded pool and the possibility that counterfeit coins may have entered circulation.

Questions about the protocol’s security reached beyond the Zcash community. Among the high-profile reactions, BitMEX co-founder Arthur Hayes said he had exited his entire ZEC position after learning of the vulnerability.

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Recent trading has shown signs of stabilization. According to crypto.news data cited by Swihart, ZEC rose 13.5% over the past 24 hours to $428.67, representing a recovery of about 41.5% from the June 5 low near $303.

Summing up the incident, Swihart said the network had resolved the vulnerability, tested its incident response procedures, strengthened relationships with ecosystem partners, and aligned developers around a recovery path for the project.

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Crypto firm Galaxy Digital has lowered the odds of the Senate passing its crypto market structure bill before the end of the year, noting that the window for lawmakers to act on the bill is closing. 

“On May 22, we raised our estimate of the probability that the CLARITY Act becomes law in 2026 to 75%, up from the 55% we published the morning of May 14’s Senate Banking markup, Galaxy’s head of research Alex Thorn said in a note on Friday. “We are now lowering that estimate to 60%.”

Thorn said the bill must pass the Senate before a month-long August recess starting in late July, as “after that, the window effectively closes.” He added that major legislation has historically not moved in the lead-up to the midterm elections due to lawmakers campaigning.

Many Senate lawmakers have been pushing for the chamber to pass the bill after the House passed its version, called the CLARITY Act, last year.

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The Senate Agriculture and Banking Committees have passed versions of the bill, and it now needs at least 60 votes on the Senate floor to pass without prolonged debate.

“For a 60-vote bill that still needs floor debate, an amendment process, reconciliation with the Senate Agriculture text, and then House action on the changes, Majority Leader [John] Thune realistically needs to schedule floor time at some point in July,” Thorn said.

“Anything later and the procedural steps do not fit before the recess,” he added.

Source: Alex Thorn

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Thorn said another reason Galaxy lowered its odds is that no information shows that the bill, or negotiations around it, have advanced, and provisions around ethics and illicit finance are a sticking point that have not yet been resolved.

He added that Galaxy would revise its odds if Senate leaders committed to passing the bill next month and that provisions to get lawmakers on side are finalized.

Galaxy’s latest odds came after analysts at JPMorgan on Wednesday said they see less than a 50% chance that the CLARITY Act passes this year, similarly citing a tightening congressional calendar ahead of the elections.

Meanwhile, Bitwise investment chief Matt Hougan said on Tuesday that his view of the bill passing this year is “less optimistic,” and that “D.C. insiders” he spoke with put the odds of its passage between 5% and 30%.

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Senator Cynthia Lummis, the chair of the Senate Banking Subcommittee on Digital Assets, has escalated her calls for the Senate to pass the bill, having made at least 15 posts on X about the legislation so far in June.

“The Clarity Act passed committee. The floor is next. We did not come this far to quit at the 5 yard line,” she posted on Sunday.

Lummis told CNBC on Wednesday that lawmakers working on the bill are addressing issues, including around ethics and illicit finance, that could see it lose support on a floor vote.

Magazine: Will the CLARITY Act be good — or bad — for DeFi?

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Large Ethereum (ETH) holders bought heavily after the latest crash, with one early investor rebuying more ETH and Wrapped Bitcoin (WBTC) than they sold earlier.

Exchange reserves also fell sharply, a sign that holders moved coins away from trading platforms.

Ethereum Whales Accumulate ETH Near $1,600

Ethereum fell sharply last week alongside the broader market. The altcoin dropped by more than 16.8% over the past 7 days and even slid below $1,600 on Friday. 

Macro pressure drove the move. Renewed Middle East tensions and a cautious Federal Reserve weighed on risk assets. Steady outflows from spot exchange-traded funds added to the strain. 

On Monday, the second-largest cryptocurrency saw modest gains of over 3%. At press time, it traded at $1,664.

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Still, the backdrop turned the dip into an entry point for some of the market’s largest wallets.

Whales Buy as Reserves Decline

Blockchain tracker, Lookonchain, flagged a standout move. An Ethereum OG sold 60,000 ETH near $2,040 before the drop. The whale also sold 600 WBTC at $78,538 and 9,442 wrapped staked ETH (wstETH).

After the crash, the same wallets bought back more than they sold. They repurchased 60,088 ETH and 10,000 wstETH at $1,606. They also added 611 WBTC at $63,280. Lookonchain called it a clean example of selling high and buying low.

Other buyers followed near the lows. A wallet reportedly linked to Chun Wang withdrew 17,560 ETH worth $28.67 million from Binance. 

Cohort data from Santiment shows the buying was uneven. Wallets holding 1 million to 10 million ETH lifted their balance to about 6.89 million ETH, adding roughly 290,000 ETH in the first week of June.

Mid-sized wallets moved the other way. Addresses holding 10,000 to 100,000 ETH cut their stack to about 26.87 million ETH, extending the slide.

Meanwhile, exchange reserves told a similar story. Tracked ETH on Binance, OKX, Gemini, and Bitfinex fell by about 475,000 ETH in early June. Binance alone shed roughly 190,000 ETH between June 4 and June 7.

“A reserve decline across several major exchanges can point to tighter available ETH liquidity on centralized platforms, especially if it continues while spot demand improves,” analyst Amr Taha wrote.

Whether the accumulation holds will depend on demand over the coming days.

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The post Whales Buy the Dip as Ethereum Exchange Reserves Keep Falling appeared first on BeInCrypto.

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Bitcoin (BTC) price rebounded about 1.6% over 24 hours to near $63,100, yet the move that matters sits beneath.

After six weeks of selling, Bitcoin miners have flipped to net accumulation just as price carved a cycle low, an on-chain shift that echoes the last major turn. Exclusive BeInCrypto data threads three signals into one picture.

Bitcoin Miners Flip to Accumulation After Six Weeks of Selling

Since June 5, Bitcoin miners have posted three consecutive days of positive net position change, a metric that tracks whether miners add to or draw down their holdings.

The shift breaks a stretch of red that ran from April 23 through June 4, one of the longer miner capitulation phases of the year.

The timing stands out. The flip to green arrives just after the price breached its sub-$60,000 low, the same pattern seen at the previous turn.

A local bottom near $64,088 in late February closed the prior capitulation, after which miner flows turned positive in early March and coincided with the Bitcoin price recovery.

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Miners hold structural insight into network economics, so a move back to accumulation after heavy selling is worth watching. Whether it repeats the March sequence depends on what the next signal shows about network demand.

Network Revenue Hit Its 2026 High as Miners Turned

The accumulation shift lines up with a quiet recovery in network demand, per BeInCrypto’s exclusive Dune dashboard. Bitcoin network revenue, the total transaction fees miners earn, climbed to 89 BTC in May, the strongest monthly reading of 2026.

That figure tops February’s 80 BTC, March’s 79, and April’s 74, marking a clear pickup in fee income just as miners stopped selling. Stronger fee revenue eases the operational pressure that forces miners to liquidate, which helps explain why their net position turned.

June’s reading sits at 26 BTC. Yet, that figure covers only the first eight days and remains incomplete, so it cannot be read as a drop.

Yet, the BTC trend still looks positive, which explains why the miners’ net position change has turned up.

Note: When network revenue rises, miners earn more from fees, so they feel less need to sell their Bitcoin to cover costs, which is why their net position can flip from selling to accumulating.

The relevant point is the May surge, the best fee month since the start of the year, landing alongside the miner flip. Two signals now point the same way. The third tests whether leverage could undo them.

Open Interest Stays Low, Easing the Long-Flush Risk

The final signal sits in derivatives, where the setup looks calmer than it did before last week’s crash. Total open interest dropped from about $31.26 billion in late May to near $22.31 billion, after touching $21.09 billion.

That matters because the current funding rate of 0.005%, which reflects what traders pay to hold long positions, sits just below the 0.006% reading from early June that preceded the price crash.

The difference is open interest. Leverage stood far higher on June 1, so the same lean toward longs carries less risk of a cascading long flush now.

That leverage cooling coincides with the Bitcoin miner pickup.

However, there are some warning signs. Funding turning positive again shows buyers leaning long, and sellers have reappeared as new whales realize losses.

For now, watch whether miner accumulation holds, whether fee revenue builds in June, and whether open interest stays contained. Those three, not price alone, will show if the on-chain turn has staying power.

The post Bitcoin Miners Flash Rare Signal After Price Crashed Below $60,000 appeared first on BeInCrypto.

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Bitcoin price recovered above $62,000 on Monday after last week’s selloff pushed the asset to about $59,100. 

Summary

• Bitcoin reclaimed its 200-week average after sweeping February’s low, but resistance remains near $64,000.
• Oversold RSI supports a relief bounce, while bearish MACD shows sellers still control broader momentum.
• Rising open interest increases liquidation risk as traders watch $55,000 if the recovery loses support.

The rebound briefly carried BTC near $64,200 before sellers returned, leaving the market between long-term support and its first recovery barrier.

At the time of writing, Bitcoin traded near $63,000, up 1.39% over 24 hours. Its daily range stood between $61,206 and $63,739, while the seven-day loss remained 14.06%. Buyers have slowed the decline, but they have not reversed the broader weekly trend. ETF flows and futures positioning also remain important tests for the rebound.

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Bitcoin price holds the 200-week moving average

Bitcoin closed the week above its 200-week simple moving average near $62,800 after sweeping the February low, according to crypto analyst Crypto Rover. Traders follow this average because it tracks Bitcoin’s long-term trend. 

Holding above it could support another test of $64,000 to $64,200. A daily close below the average would return attention to $60,000 and the recent $59,100 low.

The June decline followed several waves of macro pressure. Higher inflation weakened expectations for easier monetary policy in May. Strong U.S. employment data then added another setback. 

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The economy created 172,000 jobs in May, compared with forecasts of 85,000, while unemployment stayed at 4.3%. As previously reported by crypto.news, Bitcoin’s break below $60,000 came as total crypto liquidations passed $1.7 billion within 24 hours.

Oversold RSI meets a still-bearish MACD setup

Bitcoin’s 14-day relative strength index stands at 26.43, below the 30 oversold threshold and its RSI moving average of 28.60. The reading shows that selling became stretched, which can support a relief bounce without confirming a lasting bottom. According to analyst Crypto Rover, the Fear and Greed Index has also fallen to 8, placing sentiment in “extreme fear.”

The Wolf of All Streets trader Scott Melker said Bitcoin may be forming a weekly bullish divergence from oversold RSI. “Need this week to close with a clear elbow up on price and RSI,” he wrote. The signal remains unconfirmed because price and momentum must turn higher together. 

Bitcoin’s MACD line sits near -4,019.58, below the signal line at -2,951.83, while the histogram remains negative at -1,067.75. Rising selling volume supports the bearish momentum reading and shows that sellers remain active despite the rebound.

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Trump-Iran headlines keep Bitcoin traders cautious

Bitcoin’s move toward $64,000 followed comments from U.S. President Donald Trump about a possible agreement with Iran. Trump said the parties were “very close” to a deal and claimed Israeli Prime Minister Benjamin Netanyahu did not control the process, according to Reuters. Traders initially treated the remarks as a possible reduction in geopolitical risk, helping stocks and cryptocurrencies recover from their late-week lows.

Events on June 8 weakened that optimism. Israel struck military targets and a petrochemical site in Iran after Tehran fired missiles toward Israel. Trump maintained that the attacks would not derail talks, but the renewed exchange left the agreement uncertain. 

Brent oil rose above $96 per barrel as prices gained more than 3%. Higher energy costs could keep inflation and interest-rate concerns active for Bitcoin. The market may therefore remain sensitive to each new military or diplomatic update.

Bitcoin support levels place $55,000 next in focus

Analyst Ali Martinez listed the 200-week average at $62,800, the 300-week average at $55,000 and the 400-week average near $42,500. These levels form a long-term support ladder rather than fixed targets. 

For anyone planning to dollar-cost average into Bitcoin $BTC ahead of the next bull market, these are the levels I’m tracking:

• 200W SMA: $62,800
• 300W SMA: $55,000
• 400W SMA: $42,500 pic.twitter.com/ole0OsEl9o

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— Ali Charts (@alicharts) June 8, 2026

Bitcoin must first defend $62,800 and $60,000 before the lower averages become active tests. The $55,000 area also matches a long-running trendline tracked by Crypto Patel, making it the next broad support zone if the recent low fails.

Calls for $42,500 or $35,000 remain conditional bearish cases rather than immediate forecasts. Bitcoin would need to lose the 200-week average, the $60,000 level, the $59,100 low and the $55,000 region before those levels gain weight. That sequence gives traders several areas to assess before treating a deeper fall as the main path.

Derivatives data adds another risk. Crypto.news reported that open interest rose while Bitcoin’s price fell, showing that traders added leverage during weakness. That setup can produce a short squeeze if BTC clears $64,200, or another long squeeze if the price falls below $60,000. A firm close above $64,200 would strengthen the recovery and support the bullish RSI case.

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For now, $62,800 remains the main dividing line. Holding it would keep $64,200 within reach and give buyers time to build a base. Failure to hold the 200-week average would place $60,000, $59,100 and $55,000 back in focus, while the bearish MACD would remain the stronger trend signal.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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