Apyx&#8217;s apxUSD fell below its dollar reference on June 4 as Bitcoin traded near 
$63,000, putting DeFi dollar peg risk back in focus. A Bitget report said the 
token briefly touched $0.93 during the selloff. The report framed Apyx&#8217;s 
response as a design point: apxUSD&#8217;s reserve risk is largely borne by 
Strategy&#8217;s STRC preferred stock, […]
The post A stablecoin tied to Strategy stock depegs putting a new DeFi dollar 
risk in focus as Bitcoin sells off appeared first on CryptoSlate.

Apyx&#8217;s apxUSD fell below its dollar reference on June 4 as Bitcoin traded near $63,000, putting DeFi dollar peg risk back in focus. A Bitget report said the token briefly touched $0.93 during the selloff. The report framed Apyx&#8217;s response as a design point: apxUSD&#8217;s reserve risk is largely borne by Strategy&#8217;s STRC preferred stock, &#8230;

A stablecoin tied to Strategy stock depegs putting a new DeFi dollar risk in focus as Bitcoin sells off

Bitcoin has spent the better part of the past several weeks delivering a 
painful lesson to bulls. The largest cryptocurrency by market capitalization 
has shed more than 22% over the past month, slicing through support levels 
that many traders had considered established. Bitcoin is still trapped below a 
descending trendline, and the current structure still favors sellers unless 
price can reclaim important resistance levels. However, technical analysis 
projection leaves room for a recovery move if Bitcoin breaks out of the 
bearish trend and starts building momentum above confirmation levels. Bitcoin 
Inside A Bearish 4-Hour Structure Bitcoin&#8217;s 4-hour chart shows price action 
moving inside a bearish structure, with lower highs and lower lows forming 
under a descending resistance line since the swing high above $82,800 in May. 
The rejection from that swing high has now pushed Bitcoin below a weak low / 
liquidity sweep at $66,000, and the chart’s break of structure and change of 
character labels show how control moved from buyers to sellers. Related 
Reading: Analyst Calls Out Stagnant Logic Being Used On XRP, Predicts When 
Price Will Rally To $300 The bullish case does not come from a confirmed 
reaction at $66,000 but from the possibility that Bitcoin can reclaim lost 
structure after the recent breakdown. However, if Bitcoin begins to push back 
above the nearby confirmation area around $66,948 and then breaks above the 
descending trendline, the move could open the way for a climb into the higher 
resistance levels shown in the 4-hour chart below. Bitcoin 4-Hour Chart. 
Source: TradingView The Targets Stacked Above And What Each One Means A 
trendline break, confirmed alongside a strong 4-hour close above the 
descending structure, would not immediately resolve the current bearish mood 
Bitcoin is trading in. It would, however, initiate a move to resistance price 
levels that increasingly change the momentum in the favor of Bitcoin bulls. A 
stronger bullish signal would come only if Bitcoin pushes back above the 
descending trendline. The technical chart places this descending trendline 
around $71,495, and this is the level that could decide whether the recovery 
has enough strength to continue. A rejection below that price area would keep 
the bearish structure in place, but a clean break above it would challenge the 
current trend and allow bulls to trend higher price levels. Related Reading: 
Pundit Says Dogecoin Is About To Do Something Insane, Here’s What The next 
level is around $75,952. This is an intermediate resistance and breakdown 
level, which means it could become the next major test if Bitcoin breaks the 
resistance trendline. The highest and most significant target on the current 
structure is around $79,453, where the major resistance and bearish control 
level is located. Above that, the premium supply zone and institutional sell 
area stretches from approximately $77,000 to just above $82,000. Therefore, 
according to the projection drawn on the chart, a confirmed break of the 
current bear trend could send Bitcoin back into its May high of $82,000, where 
it could face another test of resistance. Featured image created with Dall.E, 
chart from Tradingview.com

Bitcoin has spent the better part of the past several weeks delivering a painful lesson to bulls. The largest cryptocurrency by market capitalization has shed more than 22% over the past month, slicing through support levels that many traders had considered established. Bitcoin is still trapped below a descending trendline, and the current structure still &#8230;

Here’s How High The Bitcoin Price Will Climb If It Breaks The Current Bear Trend

AI-driven accessibility to blockchain data enhances transparency and 
compliance, crucial for stablecoin regulation and market participant 
engagement.
The post TRON enables natural language queries for stablecoin data via Dune 
MCP appeared first on Crypto Briefing.

AI-driven accessibility to blockchain data enhances transparency and compliance, crucial for stablecoin regulation and market participant engagement. The post TRON enables natural language queries for stablecoin data via Dune MCP appeared first on Crypto Briefing.

TRON enables natural language queries for stablecoin data via Dune MCP

Forward Industries&#8217; asset shift highlights the volatility and strategic 
challenges faced by firms heavily invested in digital currencies.
The post Forward Industries moves $32M in Solana to exchange after nursing 
nine-figure losses appeared first on Crypto Briefing.

Forward Industries&#8217; asset shift highlights the volatility and strategic challenges faced by firms heavily invested in digital currencies. The post Forward Industries moves $32M in Solana to exchange after nursing nine-figure losses appeared first on Crypto Briefing.

Forward Industries moves $32M in Solana to exchange after nursing nine-figure losses

The US maintains trade stability with EU and Japan, but future tariff hikes 
could disrupt markets if manufacturing probes justify increases.
The post United States upholds tariff caps in trade deals with EU, Japan 
appeared first on Crypto Briefing.

The US maintains trade stability with EU and Japan, but future tariff hikes could disrupt markets if manufacturing probes justify increases. The post United States upholds tariff caps in trade deals with EU, Japan appeared first on Crypto Briefing.

United States upholds tariff caps in trade deals with EU, Japan

House Republicans plan a summer vote on a congressional stock trading ban and 
new restrictions on lawmakers’ prediction market activity.

House Republicans plan a summer vote on a congressional stock trading ban and new restrictions on lawmakers’ prediction market activity.

A stablecoin tied to Strategy stock depegs putting a new DeFi dollar risk in focus as Bitcoin sells off

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