Canada&#8217;s unexpected job surge complicates monetary policy, reducing rate cut 
prospects and impacting investment strategies in risk assets.
The post Canada adds 87,800 jobs in May, unemployment drops to 6.6% as rate 
cut hopes fade appeared first on Crypto Briefing.

Canada&#8217;s unexpected job surge complicates monetary policy, reducing rate cut prospects and impacting investment strategies in risk assets. The post Canada adds 87,800 jobs in May, unemployment drops to 6.6% as rate cut hopes fade appeared first on Crypto Briefing.

Canada adds 87,800 jobs in May, unemployment drops to 6.6% as rate cut hopes fade

Musk&#8217;s Terafab project could revolutionize AI chip production, easing global 
shortages and boosting ASML&#8217;s market influence and stock value.
The post Elon Musk to pitch SpaceX&#8217;s Terafab chip project to ASML employees 
appeared first on Crypto Briefing.

Musk&#8217;s Terafab project could revolutionize AI chip production, easing global shortages and boosting ASML&#8217;s market influence and stock value. The post Elon Musk to pitch SpaceX&#8217;s Terafab chip project to ASML employees appeared first on Crypto Briefing.

Elon Musk to pitch SpaceX’s Terafab chip project to ASML employees

Bitcoin price performance in June has gotten off to a rocky start, with prices 
now down 50% from the market&#8217;s all-time high. In the last week alone, the 
premier cryptocurrency has declined by 16%, forcing the price to around 
$60,000 for the first time since February. Notably, the heavy market loss has 
coincided with the dominant Bitcoin treasury Strategy offloading $2.5 million 
in BTC to manage its balance sheet, despite initial chants of “never sell”. 
Moreover, the upcoming IPO of Elon Musk’s SpaceX is garnering much momentum as 
a favorable investment at the moment. Using relevant on-chain data, market 
analyst Rafael, with the X username n3ocortex, has highlighted a market bottom 
range amid the current persistent downtrend. Related Reading: Why Did Bitcoin 
Crash? On-Chain Data Points To One Missing Ingredient Historical Data Supports 
Potential Dip To $35,000 Before Recovery After failing to break past the 
$82,000 barrier in early May, Bitcoin slipped into another corrective wave, 
resulting in a 24% price loss to date. In performing an in-depth on-chain 
analysis, Rafael reveals the asset’s recent decline had pushed prices below 
the median holder’s breakeven level for the first time since May 2022. 
Meanwhile, Bitcoin has also crashed below the 200WMA, exposing the asset to a 
key, deeper cost-basis ladder. The Cumulative Value Days Destroyed (CVDD), 
valued at $46,200, represents one of these bases and is commonly used to 
identify long-term market bottoms. According to Rafael, previous market 
bottoms have usually occurred between the 1.05x-1.18x range of the CVDD. Based 
on this historical standard, the likely higher market bottom zone for Bitcoin 
lies between $46,000 and $54,000. On the other hand, a worst-case scenario 
points to a bottom between $35,000 &#8211; $40,000. For context, Bitcoin has only 
entered this deeper market zone on less than 3% of trading days in this market 
cycle. Notably, Rafael also points out that Bitcoin’s cycle drawdowns have 
become progressively shallower, declining from 85% in the first cycle to 77% 
in the previous cycle and roughly 50% in the current cycle. While this trend 
of market maturation does not eliminate the possibility of Bitcoin revisiting 
a capitulation scenario, the weight of the evidence currently supports the 
higher bottom range zone. Related Reading: Cardano Crashes To 5-Year Lows As 
Hoskinson’s Warning Sparks Market Panic Bitcoin Market Overview At press time, 
Bitcoin trades at $60,537, reflecting a 4.7% decline in the past 24 hours. 
Meanwhile, daily trading volume is down 4.69% to $1.21 trillion. Alongside the 
CVDD, other important on-chain metrics revealed by Rafael include the Realized 
price ($54,000), Balanced price ($40,000), and the Delta price ($35,000). To 
re-establish bullish intent for a recovery, the seasoned analyst explains that 
Bitcoin must reclaim the price zone between $75,000 and $78,000, where the STH 
cost basis, True Market Mean, and the 200DMA converge. Featured image from 
Shutterstock, chart from Tradingview

Bitcoin price performance in June has gotten off to a rocky start, with prices now down 50% from the market&#8217;s all-time high. In the last week alone, the premier cryptocurrency has declined by 16%, forcing the price to around $60,000 for the first time since February. Notably, the heavy market loss has coincided with the &#8230;

Bitcoin CVDD Data Points To Possible Bottom Amid Market Mayhem – Detail

Bitcoin&#8217;s decline highlights a strategic shift as investors prioritize AI, 
potentially reshaping asset allocation and market dynamics long-term.
The post Bitcoin faces worst performance in a decade as AI stocks attract 
investors appeared first on Crypto Briefing.

Bitcoin&#8217;s decline highlights a strategic shift as investors prioritize AI, potentially reshaping asset allocation and market dynamics long-term. The post Bitcoin faces worst performance in a decade as AI stocks attract investors appeared first on Crypto Briefing.

Bitcoin faces worst performance in a decade as AI stocks attract investors

The incident highlights escalating tensions and the strategic use of 
cryptocurrency in geopolitical conflicts, impacting global security dynamics.
The post Iran fires warning missiles and drones at US warships as crypto 
becomes a geopolitical weapon in the Gulf appeared first on Crypto Briefing.

The incident highlights escalating tensions and the strategic use of cryptocurrency in geopolitical conflicts, impacting global security dynamics. The post Iran fires warning missiles and drones at US warships as crypto becomes a geopolitical weapon in the Gulf appeared first on Crypto Briefing.

Iran fires warning missiles and drones at US warships as crypto becomes a geopolitical weapon in the Gulf

SOXL&#8217;s trading surge highlights speculative trends and risks in leveraged 
ETFs, impacting retail investors and correlating with crypto markets.
The post 3x semiconductor ETF SOXL surpasses trading volume of Apple and 
Amazon combined appeared first on Crypto Briefing.

SOXL&#8217;s trading surge highlights speculative trends and risks in leveraged ETFs, impacting retail investors and correlating with crypto markets. The post 3x semiconductor ETF SOXL surpasses trading volume of Apple and Amazon combined appeared first on Crypto Briefing.

Cryptocurrency price in DKK

Market Overview