The recent Bitcoin price drop and subsequent liquidations highlight increased 
market volatility and uncertainty, impacting future price predictions.
The post Bitcoin price drops to $60k, triggering $1.7B in crypto liquidations 
appeared first on Crypto Briefing.

The recent Bitcoin price drop and subsequent liquidations highlight increased market volatility and uncertainty, impacting future price predictions. The post Bitcoin price drops to $60k, triggering $1.7B in crypto liquidations appeared first on Crypto Briefing.

Bitcoin price drops to $60k, triggering $1.7B in crypto liquidations

HYPE is trading above $70 as the market faces selling pressure and uncertainty that has weighed on most crypto assets throughout recent sessions. The token&#8217;s ability to hold above that level while the broader ecosystem struggles is itself a signal — but Arkham Intelligence data has revealed a pair of institutional transactions that add a specific and deliberate dimension to the current price resilience. Related Reading: Bitcoin Loses $70K While 10,300 BTC Leave Mt. Gox-Linked Addresses – Details Galaxy Digital — the institutional digital asset firm founded by Mike Novogratz and one of the most closely watched institutional participants in the crypto market — withdrew 179,000 HYPE tokens worth approximately $12.62 million from Coinbase in the past seven hours. The withdrawal from a regulated US exchange into external custody describes a firm moving assets away from the venue where they can be most easily sold — the behavioral opposite of distribution. Galaxy Digital HYPE transfers | Source: Arkham Simultaneously, a new wallet identified as 0x6436 withdrew another 135,824 HYPE worth approximately $9.73 million eight hours ago. That single transaction brings the wallet&#8217;s two-day total to 399,730 HYPE — approximately $28.92 million accumulated across 48 hours by a single address that did not exist in the data before this week. Two separate institutional-scale participants. Over $40 million in combined HYPE withdrawals from exchanges. Both occurring within hours of each other while the broader crypto market faces selling pressure. The accumulation is not slowing. It is accelerating — and it is doing so at precisely the moment most participants are moving in the opposite direction. HYPE Keeps Attracting Institutional Capital The broader market context makes the Galaxy Digital and 0x6436 withdrawals considerably more significant than their dollar values alone would suggest. Bitcoin has lost critical support levels. Ethereum is struggling below key thresholds. The assets that define market sentiment and direction are under pressure — and the institutional participants who monitor macro conditions most closely are responding to that environment by accumulating HYPE rather than reducing risk. That behavioral divergence has been building since mid-May. While Bitcoin and Ethereum were losing momentum and testing lower support levels, HYPE was quietly establishing a pattern of relative strength that has now extended into a sustained outperformance against the broader altcoin market. Assets that hold their value — and set new all-time highs — during periods when the market leaders are breaking down are expressing something specific about their structural demand that goes beyond short-term price momentum. Related Reading: Ethereum Coinbase Premium Hits Lowest Level Since February – Traders Are Watching The institutional withdrawals from Coinbase confirm that the relative strength is not accidental. Galaxy Digital and the 0x6436 wallet are not buying HYPE because it is the easiest trade in a difficult market. They are buying it because the combination of genuine protocol utility, accelerating ETF adoption, and a16z&#8217;s sustained $170 million accumulation has created an asset with a thesis that does not weaken when Bitcoin does. HYPE trading above $70 while the rest of the market faces selling pressure is the price expression of that thesis being validated in real time — one institutional withdrawal at a time. Bulls Defend Breakout As New All-Time Highs Continue HYPE remains one of the strongest assets in the crypto market, continuing to outperform despite widespread weakness across Bitcoin and most altcoins. The daily chart shows a powerful uptrend that accelerated throughout May, culminating in a fresh all-time high near the $74 area before a modest pullback emerged. HYPE continues with bullish momentum | Source: HYPEUSDT chart on TradingView From a technical perspective, the structure remains firmly bullish. Price is trading well above the 50-day, 100-day, and 200-day moving averages, with all three averages sloping upward and maintaining a healthy bullish alignment. The 50-day moving average near $48 has acted as dynamic support throughout the advance, while the 100-day average around $41 highlights how extended the current rally has become. Related Reading: Chainlink Sends A Rare Signal As 66% Of Exchange Supply Sits On Binance The recent breakout above the previous resistance zone around $60-$65 triggered an expansion in both price and volume, confirming strong demand behind the move. Although HYPE is now experiencing some profit-taking near all-time highs, buyers have so far defended the critical $70 level. Holding above that area would keep the breakout intact and reinforce the possibility of further price discovery. Volume has increased noticeably during the latest leg higher, a constructive signal suggesting institutional and whale participation rather than purely speculative retail buying. As long as HYPE remains above $65-$70, the trend favors the bulls. A decisive break below that zone would likely trigger a deeper correction toward the rising 50-day moving average, but the broader structure remains one of the strongest in the market. Featured image from ChatGPT, chart from TradingView.com

HYPE is trading above $70 as the market faces selling pressure and uncertainty that has weighed on most crypto assets throughout recent sessions. The token&#8217;s ability to hold above that level while the broader ecosystem struggles is itself a signal — but Arkham Intelligence data has revealed a pair of institutional transactions that add a &#8230;

Smart Money Keeps Buying HYPE Despite Rising Market Fear – Price Holds Above $70 Level

Tesla&#8217;s limited robotaxi rollout highlights challenges in scaling autonomous 
fleets, impacting investor confidence and market competition dynamics.
The post Tesla rolls out unsupervised robotaxis across Austin metro area 
appeared first on Crypto Briefing.

Tesla&#8217;s limited robotaxi rollout highlights challenges in scaling autonomous fleets, impacting investor confidence and market competition dynamics. The post Tesla rolls out unsupervised robotaxis across Austin metro area appeared first on Crypto Briefing.

Tesla rolls out unsupervised robotaxis across Austin metro area

SpaceX&#8217;s IPO could redefine market dynamics, influencing tech investment 
trends and highlighting the growing intersection of space and finance.
The post SpaceX targets record $86B IPO, aiming for $1.7T valuation appeared 
first on Crypto Briefing.

SpaceX&#8217;s IPO could redefine market dynamics, influencing tech investment trends and highlighting the growing intersection of space and finance. The post SpaceX targets record $86B IPO, aiming for $1.7T valuation appeared first on Crypto Briefing.

SpaceX targets record $86B IPO, aiming for $1.7T valuation

The launch could revolutionize financial inclusion in emerging markets, 
leveraging gold&#8217;s cultural value and enhancing digital asset utility.
The post Tether launches gold-backed stablecoin Visa card with Fasset, offers 
6% cashback in XAUT appeared first on Crypto Briefing.

The launch could revolutionize financial inclusion in emerging markets, leveraging gold&#8217;s cultural value and enhancing digital asset utility. The post Tether launches gold-backed stablecoin Visa card with Fasset, offers 6% cashback in XAUT appeared first on Crypto Briefing.

Tether launches gold-backed stablecoin Visa card with Fasset, offers 6% cashback in XAUT

Ethereum price started a fresh decline and traded below $1,800. ETH is now 
consolidating below $1,800 and might continue to move down. Ethereum remained 
in a bearish zone after a fresh decline below $1,840. The price is trading 
below $1,800 and the 100-hourly Simple Moving Average. There is a bearish 
trend line forming with resistance at $1,800 on the hourly chart of ETH/USD 
(data feed via Kraken). The pair could continue to move down if it stays below 
the $1,880 zone. Ethereum Price Dives Over 5% Ethereum price failed to remain 
stable above $1,880 and started a fresh decline, like Bitcoin. ETH price 
dipped below the $1,840 and $1,820 levels. The price even traded below $1,800. 
A low was formed at $1,716, and the price is now consolidating losses well 
below the 23.6% Fib retracement level of the downward move from the $1,889 
swing high to the $1,716 low. There is also a bearish trend line forming with 
resistance at $1,800 on the hourly chart of ETH/USD. Ethereum price is now 
trading below $1,800 and the 100-hourly Simple Moving Average. If the bulls 
remain in action above $1,720, the price could attempt another increase. 
Immediate resistance is seen near the $1,780 level. The first key resistance 
is near the $1,800 level and the 50% Fib retracement level of the downward 
move from the $1,889 swing high to the $1,716 low. The next major resistance 
is near the $1,820 level. A clear move above the $1,820 resistance might send 
the price toward the $1,850 resistance. An upside break above the $1,850 
region might call for more gains in the coming days. In the stated case, Ether 
could rise toward the $1,880 resistance zone or even $1,920 in the near term. 
More Losses In ETH? If Ethereum fails to clear the $1,850 resistance, it could 
start a fresh decline. Initial support on the downside is near the $1,720 
level. The first major support sits near the $1,700 zone. A clear move below 
the $1,700 support might push the price toward the $1,665 support. Any more 
losses might send the price toward the $1,640 region. The main support could 
be $1,620. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining 
momentum in the bearish zone. Hourly RSI &#8211; The RSI for ETH/USD is now below 
the 50 zone. Major Support Level – $1,720 Major Resistance Level – $1,850

Ethereum price started a fresh decline and traded below $1,800. ETH is now consolidating below $1,800 and might continue to move down. Ethereum remained in a bearish zone after a fresh decline below $1,840. The price is trading below $1,800 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance &#8230;

Bitcoin price drops to $60k, triggering $1.7B in crypto liquidations

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