AI has hit an electricity problem. Running it takes staggering amounts of 
power; demand in the US is climbing faster than the grid can keep up, and 
that&#8217;s handing enormous leverage to the companies that generate and deliver 
it. On June 2, the Electric Reliability Council of Texas voted to overhaul how 
it admits large […]
The post AI’s power race is shifting leverage from chipmakers like NVIDIA to 
the grid appeared first on CryptoSlate.

AI has hit an electricity problem. Running it takes staggering amounts of power; demand in the US is climbing faster than the grid can keep up, and that&#8217;s handing enormous leverage to the companies that generate and deliver it. On June 2, the Electric Reliability Council of Texas voted to overhaul how it admits large &#8230;

AI’s power race is shifting leverage from chipmakers like NVIDIA to the grid

Bitcoin closed the week of June 5, 2026 down by almost 20%, its highest 
single-week percentage decline since the collapse of FTX in November 2022. The 
last time the market saw a candle this red, it was during the cycle bottom. 
This time, however, the current setup is more complicated, as Bitcoin is 
reacting to a combination of institutional selling pressure, ETF weakness, and 
fading confidence after a failed recovery attempt above $82,000. Related 
Reading: XRP Monthly RSI Drops To All-Time Low As Market Watches For 
Confirmation Bitcoin’s Drop Brings Back The FTX Comparison Bitcoin&#8217;s price 
action in the first week of June was one of its most notable weeks in history. 
BTC opened the week around $73,760, briefly pushed as high as $74,092, and 
then fell to a low of about $59,130, according to data from TradingView. The 
move translates to a decline of about 19.5% from the weekly open to the low 
and 20.1% from the high to the low, making it Bitcoin’s worst weekly 
percentage drop since the FTX crash in 2022, when the price fell by roughly 
22% in a single week. However, there is also a note about where the candle is 
showing up in the market structure. During the FTX collapse, the violent 
weekly move came after months of selling pressure and ended up happening close 
to the final bear-market bottom. The current decline is also appearing after 
Bitcoin has already lost a major portion of its value from the October 2025 
all-time high above $126,000. Bitcoin Price Chart. At the time of writing, 
Bitcoin is trading at $62,150, placing it about 50.7% below that peak. The 
similarity does not guarantee that the market has reached a bottom, but it 
does raise the possibility that the latest weekly price crash is moving into 
the kind of final-washout zone that followed FTX’s crash. That angle is being 
overlooked by many analysts, especially as several forecasts still point to a 
prolonged bear market that could stretch into at least Q4 2026 Bitcoin Enters 
Extreme Undervaluation Crypto analyst Darkfost noted that Bitcoin has now 
fallen below the 4% quantile on the Bitcoin Porkopolis Power Law Quantile 
Regression model. The chart places Bitcoin’s current quantile around 3.9%, 
meaning the asset is trading in a zone that has appeared during less than 4% 
of its historical price action relative to its long-term growth curve. The 
Power Law model is a long-term valuation model that can also be used for a 
reversal signal. Every prior instance in which the quantile oscillator reached 
this level, visible in the chart across 2015, 2018/2019, and the 2022 bottom, 
preceded notable multi-year recoveries. Bitcoin Power Law Regression. Source: 
@Darkfost_Coc On X Related Reading: Bitcoin Price Plunges To $59K, Sparking 
Fears Of Deeper Decline Bitcoin can stay undervalued for longer than traders 
expect, especially if the momentum is weak and there&#8217;s forced selling. Still, 
the metric does show that Bitcoin is now much closer to the lower regression 
bands than the overheated upper bands in previous cycle peaks. Featured image 
from Pexels, chart from TradingView

Bitcoin closed the week of June 5, 2026 down by almost 20%, its highest single-week percentage decline since the collapse of FTX in November 2022. The last time the market saw a candle this red, it was during the cycle bottom. This time, however, the current setup is more complicated, as Bitcoin is reacting to &#8230;

Bitcoin’s Worst Week Since FTX Raises The Question: Is The Bottom Already In?

The UAE-US economic framework could reshape global tech supply chains, 
stabilize hardware costs, and influence crypto regulation strategies.
The post UAE official meets US Vice President to discuss $1.4T economic 
framework appeared first on Crypto Briefing.

The UAE-US economic framework could reshape global tech supply chains, stabilize hardware costs, and influence crypto regulation strategies. The post UAE official meets US Vice President to discuss $1.4T economic framework appeared first on Crypto Briefing.

UAE official meets US Vice President to discuss $1.4T economic framework

Government stakes in AI firms could reshape tech industry dynamics, influence 
innovation, and raise concerns about regulatory impartiality.
The post Donald Trump considers government stake in leading AI companies, 
White House meeting planned appeared first on Crypto Briefing.

Government stakes in AI firms could reshape tech industry dynamics, influence innovation, and raise concerns about regulatory impartiality. The post Donald Trump considers government stake in leading AI companies, White House meeting planned appeared first on Crypto Briefing.

Donald Trump considers government stake in leading AI companies, White House meeting planned

Blockchain&#8217;s rise as a future currency is reshaping finance, despite security 
challenges and valuation concerns.
The post Dan Tapiero: Blockchain is revolutionizing finance, institutional adoption of crypto is rising, and the DeFi sector faces security challenges | The Wolf Of All Streets appeared first on Crypto Briefing.

Blockchain&#8217;s rise as a future currency is reshaping finance, despite security challenges and valuation concerns. The post Dan Tapiero: Blockchain is revolutionizing finance, institutional adoption of crypto is rising, and the DeFi sector faces security challenges | The Wolf Of All Streets appeared first on Crypto Briefing.

Dan Tapiero: Blockchain is revolutionizing finance, institutional adoption of crypto is rising, and the DeFi sector faces security challenges | The Wolf Of All Streets

Trump&#8217;s claims on Iran&#8217;s missile arsenal could influence geopolitical 
stability and energy markets, impacting global economic conditions.
The post Donald Trump claims Iran has only 21-22 percent of its missile 
arsenal remaining appeared first on Crypto Briefing.

Trump&#8217;s claims on Iran&#8217;s missile arsenal could influence geopolitical stability and energy markets, impacting global economic conditions. The post Donald Trump claims Iran has only 21-22 percent of its missile arsenal remaining appeared first on Crypto Briefing.

Cryptocurrency price in MXN

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