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

Alla Bakina, Director of the Bank of Russia’s National Payment System 
Department, highlighted that most private banks in Russia are ready to provide 
digital ruble services on September 1. The currency will integrate with the 
existing universal QR code payment system. Central Bank of Russia: Russian 
Banks Ready For Digital Ruble Launch While stablecoins have […]

Alla Bakina, Director of the Bank of Russia’s National Payment System Department, highlighted that most private banks in Russia are ready to provide digital ruble services on September 1. The currency will integrate with the existing universal QR code payment system. Central Bank of Russia: Russian Banks Ready For Digital Ruble Launch While stablecoins have &#8230;

Bank of Russia Confirms September Rollout for Digital Ruble, With Top Banks ‘Ready and Connected’

Dogecoin is trading below $0.09 at the time of writing, which places it more 
than 88% from its May 2021 all-time high of $0.74, and overlooked in a market 
that has spent most of 2026 rotating around Bitcoin, Ethereum and XRP. 
However, crypto analyst Javon Marks sees something in DOGE&#8217;s long-term chart 
that most traders are missing: a repeating pattern of increasing alt season 
performances that, if it holds, points to a target above $20 for the meme 
coin. Related Reading: Bitmine Seeks $300M Raise To Accelerate Ethereum 
Accumulation Strategy Dogecoin’s Alt-Season Pattern Technical analysis of 
Dogecoin&#8217;s movement on the weekly candlestick timeframe chart shows that the 
king of meme coins has delivered increasingly large moves during major altcoin 
cycles, with the 2017 and 2021 rallies serving as the foundation for the 
latest forecast. The weekly chart tracks Dogecoin’s price action across 
multiple market cycles, beginning from the early years of DOGE trading and 
extending into an alt-season window projected for 2026. The 2017 alt season 
was characterized by Dogecoin rallying from a deep base into a move of about 
100x that eventually topped around $0.018. Interestingly, the 2021 alt season 
produced an even larger move than the 2017 one. Marks’ chart highlights a 
surge of more than 300x, taking Dogecoin from the lower range of its previous 
cycle into as high as the $0.70 area. That rally turned Dogecoin from an 
internet joke into one of the largest cryptocurrencies by market 
capitalization with an active community of investors and developers. Dogecoin 
Price Chart. Source: @JavonTM1 On X Dogecoin’s Case For $20 Every cycle, DOGE 
has reached a new higher high than the previous one: $0.0025 in 2017, $0.069 
in 2018, $0.017 in 2020, and $0.74 in 2021. Marks’ proposal is that if 
Dogecoin’s alt-season behavior continues to outperform its past cycles, then 
the next rally could be larger than the last one, placing a 300x move or more 
on the table. His projected price zone above $20 comes from applying that type 
of 300x expansion to the current price action. A $20 Dogecoin price is not a 
normal short-term target. At the time of writing, Dogecoin is trading at 
$0.081, which means it would need a move of about 247x just to reach $20. The 
projected zone by Javon Marks is even higher, with the visual move pointing to 
a move above $24. For that to happen, Dogecoin would first need to recover the 
levels it has already lost, as the current price action is the weakest it has 
been since 2022. Before any serious discussion of double-digit Dogecoin can 
become reality, the meme coin would need to reclaim $0.10, then push through 
the larger resistance zones around $0.20, $0.30, and eventually break above 
the December 2024 rejection zone of $0.49 before moving towards the old all- 
time high of $0.7316. Related Reading: XRP Monthly RSI Drops To All-Time Low 
As Market Watches For Confirmation The entire altcoin market would also need 
to enter a very strong rally phase, as Marks’ call is tied to alt season. That 
means the scenario depends entirely on capital rotating out of Bitcoin. 
Interestingly, a $20 Dogecoin would imply a market cap somewhere around $3 
trillion, given a circulating supply of approximately 154.5 billion DOGE 
tokens as of June 2026. Featured image from Unsplash, chart from TradingView

Dogecoin is trading below $0.09 at the time of writing, which places it more than 88% from its May 2021 all-time high of $0.74, and overlooked in a market that has spent most of 2026 rotating around Bitcoin, Ethereum and XRP. However, crypto analyst Javon Marks sees something in DOGE&#8217;s long-term chart that most traders &#8230;

Dogecoin Could Rally 300x And Cross $20, Analyst Claims

Pump.fun&#8217;s bounty platform could drive increased Solana network activity but 
raises ethical concerns over incentivizing risky behavior.
The post Pump.fun launches bounty platform for viral memecoin stunts with 
rewards up to $57,000 appeared first on Crypto Briefing.

Pump.fun&#8217;s bounty platform could drive increased Solana network activity but raises ethical concerns over incentivizing risky behavior. The post Pump.fun launches bounty platform for viral memecoin stunts with rewards up to $57,000 appeared first on Crypto Briefing.

Pump.fun launches bounty platform for viral memecoin stunts with rewards up to $57,000

Rising long-term unemployment exacerbates economic inequality, erodes mental 
health, and depresses wage growth, signaling structural issues.
The post Long-term unemployment in US rises to 1.8M, up 45% since 2019 
appeared first on Crypto Briefing.

Rising long-term unemployment exacerbates economic inequality, erodes mental health, and depresses wage growth, signaling structural issues. The post Long-term unemployment in US rises to 1.8M, up 45% since 2019 appeared first on Crypto Briefing.

Long-term unemployment in US rises to 1.8M, up 45% since 2019

The Senate&#8217;s block on FISA extension highlights ongoing tensions over 
surveillance and digital currency, impacting future crypto regulations.
The post Senate blocks FISA surveillance extension ahead of June 12 
expiration, with crypto implications buried in the bill appeared first on 
Crypto Briefing.

The Senate&#8217;s block on FISA extension highlights ongoing tensions over surveillance and digital currency, impacting future crypto regulations. The post Senate blocks FISA surveillance extension ahead of June 12 expiration, with crypto implications buried in the bill appeared first on Crypto Briefing.

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

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