Bitcoin price started a fresh decline below the $68,000 zone. BTC is down over 
10% and might continue to move down if it dips below $62,000. Bitcoin failed 
to stay above $68,500 and extended losses. The price is trading below $65,000 
and the 100 hourly simple moving average. There is a bearish trend line 
forming with resistance near $65,200 on the hourly chart of the BTC/USD pair 
(data feed from Kraken). The pair might extend losses if it stays below the 
$65,000 and $66,500 levels. Bitcoin Price Takes A Major Hit Bitcoin price 
failed to stay above the $70,000 support zone. BTC remained in a bearish zone 
and extended losses below the $68,000 level. There was a move below the 
$65,000 level. The price even dipped below $63,200. A low was formed at 
$62,490 and the price is now showing many bearish signs. It is well below the 
23.6% Fib retracement level of the downward move from the $74,070 swing high 
to the $62,490 low. Bitcoin is now trading below $65,000 and the 100 hourly 
simple moving average. If the price remains stable above $62,000, it could 
attempt a fresh increase. Immediate resistance is near the $63,500 level. The 
first key resistance is near the $64,000 level. A close above the $64,000 
resistance might send the price further higher. In the stated case, the price 
could rise and test the $65,000 resistance. There is also a bearish trend line 
forming with resistance near $65,200 on the hourly chart of the BTC/USD pair. 
Any more gains might send the price toward the $66,500 level. The next barrier 
for the bulls could be $68,000 or the 50% Fib retracement level of the 
downward move from the $74,070 swing high to the $62,490 low. More Losses In 
BTC? If Bitcoin fails to rise above the $65,000 resistance zone, it could 
start another decline. Immediate support is near the $62,500 level. The first 
major support is near the $62,000 level. The next support is now near the 
$61,200 zone. Any more losses might send the price toward the $60,500 support 
in the near term. The main support now sits at $60,000, below which BTC might 
struggle to recover in the near term. Technical indicators: Hourly MACD – The 
MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength 
Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – 
$62,000, followed by $60,000. Major Resistance Levels – $64,000 and $65,000.

Bitcoin price started a fresh decline below the $68,000 zone. BTC is down over 10% and might continue to move down if it dips below $62,000. Bitcoin failed to stay above $68,500 and extended losses. The price is trading below $65,000 and the 100 hourly simple moving average. There is a bearish trend line forming &#8230;

Bitcoin Price 10% Selloff Sparks Fears Of A Deeper Breakdown

AI-driven demand boosts Broadcom&#8217;s long-term growth prospects, highlighting 
the transformative impact of AI on the semiconductor industry.
The post Broadcom CEO expects AI demand to drive visibility through 2028 
appeared first on Crypto Briefing.

AI-driven demand boosts Broadcom&#8217;s long-term growth prospects, highlighting the transformative impact of AI on the semiconductor industry. The post Broadcom CEO expects AI demand to drive visibility through 2028 appeared first on Crypto Briefing.

Broadcom CEO expects AI demand to drive visibility through 2028

CFTC Chairman Mike Selig says the rescission of its “no-deny” policy means it 
now has more flexibility when settling enforcement actions.

CFTC Chairman Mike Selig says the rescission of its “no-deny” policy means it now has more flexibility when settling enforcement actions.

CFTC follows SEC in scrapping ‘no-deny’ policy for settlements

Bitcoin&#8217;s futures market is flashing a warning that analysts say could mean 
more pain ahead. Open interest climbed to roughly 288,000 BTC even as prices 
fell, with funding rates holding positive at 0.083% — a sign that bullish bets 
remain in place despite the selloff, leaving the market exposed to another 
wave of forced liquidations. Related Reading: XRP Dips In The Short Run, But A 
Bigger Setup May Be Forming: Analyst Bitcoin Liquidations Hit Hardest Since 
February About $672 million in Bitcoin positions were wiped out in 24 hours 
ending June 2, the largest single-day wipeout since February 5. That came as 
Bitcoin slipped below $67,000, dragging short-term holders — those who bought 
recently — into the red at a pace not seen since early in the year. On Binance 
alone, short-term holder losses hit -16,400 BTC on June 2. Across all 
exchanges, that figure reached -38,700 BTC, down slightly from -41,300 BTC 
recorded on May 28. Data shows these are buyers from recent months who are now 
exiting positions at a loss. Retail And Mid-Sized Investors Head For The Exits 
Larger participants are also moving coins. Reports from CryptoQuant analyst 
Amr Taha show mid-sized investors sent roughly 8,400 BTC to Binance on June 2 
alone — the most since February 6. On the retail side, Binance&#8217;s 30-day inflow 
total reached $9.2 billion by June 1, the highest reading since November 20, 
2025. Analyst MorenoDV, who tracked the retail flow data, said exchange 
inflows don&#8217;t automatically mean selling is coming, but they tend to show up 
before stretches of sharper volatility. If buy-side demand absorbs the 
inflows, the spike could turn into a local exhaustion point — but if it 
doesn&#8217;t, it may mark the start of broader distribution from weaker hands, 
MorenoDV said. This is called an expanding triangle. Expanding triangles are 
very common in Bitcoin. They are also typically reliable. The target for 
expanding triangles is the height projected from the breakout. A move back 
above 75,000 would change my analysis $BTC pic.twitter.com/WOOU5xTJ7g — The 
Factor Report (@PeterLBrandt) June 2, 2026 $60K Zone Draws All Eyes From a 
technical standpoint, Bitcoin has broken below two previously held support 
levels at $74,800 and $70,400. The eight-hour RSI fell to 30.4 on June 2, its 
lowest since February 6, pointing to oversold conditions and sustained 
downward pressure. Related Reading: XRP Is The Clear Winner For Transactions, 
According To Peter Brandt Charts point to a liquidity cluster between $62,300 
and $65,600, which overlaps with a demand zone stretching toward $60,000. 
Veteran trader Peter Brandt identified a broader concern, noting that Bitcoin 
appears to be forming an expanding triangle pattern on the daily chart. 
Featured image from MetaAI, chart from TradingView

Bitcoin&#8217;s futures market is flashing a warning that analysts say could mean more pain ahead. Open interest climbed to roughly 288,000 BTC even as prices fell, with funding rates holding positive at 0.083% — a sign that bullish bets remain in place despite the selloff, leaving the market exposed to another wave of forced liquidations. &#8230;

Bleeding Bitcoin Holders Signal Stress — $60K Becomes Critical Battleground

XRP price extended losses and traded below $1.20. The price is now 
consolidating losses and faces hurdles near $1.1920 and $1.1950. XRP price 
started another decline and traded below the $1.20 zone. The price is now 
trading below $1.20 and the 100-hourly Simple Moving Average. There is a 
bearish trend line forming with resistance at $1.1950 on the hourly chart of 
the XRP/USD pair (data source from Kraken). The pair could continue to move 
down if it stays below $1.20. XRP Price Nosedives Below $1.20 XRP price failed 
to stay above $1.20 and extended its decline, like Bitcoin and Ethereum. The 
price declined below $1.1950 and $1.1920 to enter a short-term bearish zone. 
The price even extended losses below $1.180. A low was formed at $1.1401, and 
the price is now consolidating losses well below the 23.6% Fib retracement 
level of the downward move from the $1.3640 swing high to the $1.1401 low. The 
price is now trading below $1.1920 and the 100-hourly Simple Moving Average. 
If there is a fresh recovery move, the price might face resistance near the 
$1.1880 level. The first major resistance is near the $1.1920 level. The main 
resistance could be $1.1950. There is also a bearish trend line forming with 
resistance at $1.1950 on the hourly chart of the XRP/USD pair. A close above 
$1.1950 could send the price to $1.20. The next hurdle sits at $1.220. A clear 
move above the $1.220 resistance might send the price toward the $1.250 
resistance or the 50% Fib retracement level of the downward move from the 
$1.3640 swing high to the $1.1401 low. Any more gains might send the price 
toward the $1.2850 resistance. More Losses? If XRP fails to clear the $1.1950 
resistance zone, it could start a fresh decline. Initial support on the 
downside is near the $1.160 level. The next major support is near the $1.1550 
level. If there is a downside break and a close below the $1.1550 level, the 
price might continue to decline toward $1.150. The next major support sits 
near the $1.1440 zone, below which the price could continue lower toward 
$1.140. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining 
pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for 
XRP/USD is now below the 50 level. Major Support Levels – $1.1600 and $1.1550. 
Major Resistance Levels – $1.1950 and $1.2000.

XRP price extended losses and traded below $1.20. The price is now consolidating losses and faces hurdles near $1.1920 and $1.1950. XRP price started another decline and traded below the $1.20 zone. The price is now trading below $1.20 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at &#8230;

XRP Price Takes Another Hit As Bitcoin-Led Weakness Spreads Across Crypto

The resolution&#8217;s passage highlights congressional influence on market 
dynamics, affecting oil prices and crypto volatility amid geopolitical 
tensions.
The post US House approves war powers resolution to halt military action 
against Iran appeared first on Crypto Briefing.

The resolution&#8217;s passage highlights congressional influence on market dynamics, affecting oil prices and crypto volatility amid geopolitical tensions. The post US House approves war powers resolution to halt military action against Iran appeared first on Crypto Briefing.

Bitcoin Price 10% Selloff Sparks Fears Of A Deeper Breakdown

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