Forex & Cryptocurrency Breaking News

Bitcoin trades above $105,000 even as the threat of war looms in the Middle East. HYPE, BCH, AAVE and OKB could also catch a bid if BTC holds its current range. Key points:A week of solid inflows into the spot Bitcoin ETFs improves the prospects of a rally toward $110,000.HYPE, BCH, AAVE, and OKB could march higher if Bitcoin sustains above $105,000.Read more

Strategy co-founder Michael Saylor hinted the company would purchase more Bitcoin on Monday when traditional financial markets open. Strategy co-founder Michael Saylor posted the Bitcoin (BTC) chart signaling an impending BTC purchase by the company, despite the ongoing conflict in the Middle East, which could rattle global financial markets when they open on Monday.The company’s most recent Bitcoin buy occurred on June 9, with a relatively small purchase of 1,045 BTC, valued at approximately $110 million, bringing Strategy’s total holdings to 582,000 BTC.Data from SaylorTracker shows that Strategy is up over 50% on its investment. This translates to over $20 billion in unrealized capital gains in fiat terms.Read more

Despite crypto’s rapid growth and decentralized ideals, its liquidity remains fragmented and fragile — mirroring traditional finance’s hidden risks and exposing the market to sudden shocks when sentiment shifts. Opinion by: Arthur Azizov, Founder and Investor at B2 VenturesDespite its decentralized nature and big promises, cryptocurrency is still a currency. Like all currencies, it cannot escape the realities of today’s market dynamics.As the crypto market develops, it starts mirroring the life cycle of traditional financial tools. The illusion of liquidity is one of the most pressing and, surprisingly, less addressed issues that stem from the market’s evolution.Read more

Japan PM in call with Trump, reiterated Japan’s use on US tariffsThe S&P, NASDAQ and Dow have worst day since May 21Central bank meetings will dominate the economic calendar next weekIsrael warns that Iran will pay a heavy price for its missile attack on populated areasCrude oil futures settle at $72.98Israel military: Identify missiles launched from Iran. Iran’s response has begunIsrael Army: We destroyed a Iranian facility for producing uraniumKremlin. Putin tells Netanyahu that nuclear issues must be solved through diplomacyIran’s Khamenei: Iranian Armed Forces will leave Israel hopelessIran will not participate in nuclear talks on Sunday with the USBaker Hughes oil rig count -3 at 439Major European indices close lower for the day as a geopolitical risks weigh on sentimentNew York Times: Israel has resumed attacks on IranNetanyahu: US knew of the attack ahead of timeUniversity of Michigan consumer sentiment preliminary for June 60.5 vs 53.5 estimateIran tells UN…

Japan’s foreign minister says:Japan PM in call with Trump reiterated Japan’s view on the US tariff measuresConcluded to accelerate consultations between the ministers in charge to achieve mutual beneficial agreement.Exchange views on response to Israel’s recent attacks against IranTrump wants to increase tariffs on autos and other imports from Japan. Trump’s administration also wants Japan to open up their economy for more imported US goods. One problem is Japan is a nation of savers, while the US loves to spend and that makes the dynamics more difficult. The U.S. is currently imposing tariffs on imported automobiles:A 25% ad valorem tariff on fully assembled foreign automobiles has been in effect since April 3, 2025, under a Section 232 national security order A corresponding 25% tariff on auto parts (such as engines and transmissions) took effect on May 3, 2025, with USMCA-compliant components temporarily exemptedPresident Trump has signaled the possibility of increasing the…

The S&P, Nasdaq and Dow had their worst day since May 21 as geopolitical risk from Israel’s strike on Iran, and Iran’s counterstrike on Isreal gave traders a reason to sell.At the close, the major indices are all down by -1.13% or more. A look at the final numbers shows:Dow Industrial Average fell -769.83 points or -1.79% at 42197.79. The price is closing below its 200-day moving average at 42502.38, and its 100-day moving average at 42233.09.S&P index fell -68.29 points or -1.13% at 5976.97. The S&P tested but held support against its 100-hour moving average at 5964.44. The low price today reached 5963.21, just below that level but bounced modestly into the close.NASDAQ index-255.66 or -1.30% at 19406.83. Like the S&P, the index tested its rising 100-hour moving average at 19390.24. The low price extended to 19367.42 but closed above that moving average level.For the trading week, the major…

Bitcoin is at a crossroads again. Prices have been bouncing between $61,000 and $104,000 for about seven months. That range looks a lot like the $31,000–$64,000 sideways move before the sharp drop in early 2022. Traders and analysts are split over whether history is about to repeat itself or if fresh demand will keep Bitcoin aloft. Related Reading: Crypto Bloodbath: Over $1 Billion Liquidated As Iran-Israel Tensions Erupt Price Stuck In Familiar Range According to reports, Bitcoin’s stretch from $61k to $104k mirrors the 2020–2021 “distribution zone” when it traded between $31,000 and $64,000 for nearly a year. Back then, the slide came fast: Bitcoin peaked around $69,000 in November 2021, then sank to roughly $15,600 by November 2022. That was a nearly 78% plunge. Breakouts Keep Falling Flat Based on analysis from Michaël van de Poppe, Bitcoin tried and failed to stay above the $106k level this month. His…

Ethereum has been consolidating around the $2,500 price level over the past few days, showing little momentum in either direction. The second-largest cryptocurrency by market cap has struggled to sustain a breakout above the $2,600 resistance zone, despite the inflows into Ethereum Spot ETFs last week.  Related Reading: $57 Million In Crypto And Counting: Trump’s World Liberty Connection One event that has sparked interest, and possibly concern, among Ethereum holders is the reactivation of a dormant whale wallet holding millions worth of ETH. The sudden awakening of this long-inactive address raises questions about a potential selling pressure and its market impact. First Transaction From Dormant ETH Address Since 2015 On-chain tracker Whale Alerts was the first to report the reawakening of a pre-mined Ethereum address that had been inactive for nearly a decade. According to the large on-chain transaction tracker, the wallet, which held 2,000 ETH, initiated its last transaction…

In a recent market twist, XRP surged almost 600% between November 2024 and January 2025. Based on latest data, that rally made it the top performer among major cryptocurrencies during the US President Donald Trump-led market-wide upswing. Related Reading: Crypto Bloodbath: Over $1 Billion Liquidated As Iran-Israel Tensions Erupt According to market commentator John Squire, the real story is the seven years of setbacks that preceded this jump. “If patience was a crypto token, XRP holders would already be billionaires,” he said, pointing to the years of holding through crashes and legal fights. If patience was a token, $XRP holders would be billionaires already. 🧘‍♂️ — John Squire (@TheCryptoSquire) June 8, 2025 XRP Rallies As Markets Turn After a rough patch, XRP’s jump has caught many off guard. The coin rocketed from roughly $0.11 at the start of November 2024 to near $0.75 by the end of January 2025. Volume…

Ethereum ( ETH) has had a bumpy year, tumbling 24% since Jan. 1 and sitting a whopping 48% below its peak price. But don’t count ETH out just yet—prediction markets are buzzing with optimism. Over on Polymarket, 25% of traders are betting ETH will hit $3,000 by the end of the month, while Kalshi’s wagers […]

Bitcoin plummets on Israel-Iran conflict, Bitcoin liquidations surge to $1.16 Billion, Robert Kiyosaki declares civil war has begun, and more in this Week in Review. Week in Review Bitcoin plunged below $104,000 following Iranian airstrikes by Israel. The dip triggered a wave of liquidations totaling $1.16 billion. Economist Peter Schiff seized the opportunity to criticize […]

On Sunday morning, Michael Saylor—the co-founder and executive chairman of Strategy (formerly Microstrategy)—teased another potential bitcoin ( BTC) buy by posting a fresh chart from the Strategy portfolio tracker. “Bigger Dots are Better,” Saylor declared on X on Sunday morning. He’s become known for this Sunday ritual, where he shares a snapshot of Strategy’s bitcoin […]

Gold weekly forecast is bullish amid geopolitical tension. Cooling US inflation data, which weighs on the dollar, boosted demand for gold. Market participants are now eyeing the FOMC meeting minutes. The gold weekly forecast turns strongly bullish, with an eye on testing the all-time highs around $3,500. The recent geopolitical tension stemming from the Israel-Iran… The post Gold Weekly Forecast: Geopolitics Could Push to New ATH appeared first on Forex Crunch.

GBP/USD weekly forecast remains bullish amid broad dollar weakness. Weaker US data and easing US-China trade tensions support the pound. All eyes are on the BoE and FOMC meetings due next week. The GBP/USD weekly forecast remains strongly bullish as the pair hits its third consecutive week in gains. The price marked a 39-month top… The post GBP/USD Weekly Forecast: Dovish Fed, US-China Trade Deal appeared first on Forex Crunch.

The EUR/USD forecast is neutral as markets experience risk aversion. ECB-Fed divergence may continue to support the euro. The confluence zone at 1.1500 may help euro buyers stay bid. The EUR/USD forecast has turned neutral despite a broad upside trend, as Israel’s attack on Iran triggered a strong risk-aversion sentiment in the global financial markets…. The post EUR/USD Forecast: Pares Gains Amid Risk Aversion appeared first on Forex Crunch.