The potential Becerra-Hilton race highlights California&#8217;s political diversity, 
impacting market dynamics and voter engagement strategies.
The post Becerra, Hilton likely to face off in California governor race 
appeared first on Crypto Briefing.

The potential Becerra-Hilton race highlights California&#8217;s political diversity, impacting market dynamics and voter engagement strategies. The post Becerra, Hilton likely to face off in California governor race appeared first on Crypto Briefing.

Becerra, Hilton likely to face off in California governor race

Bitcoin&#8217;s price action in June has been marked by heavy selling pressure, with 
the leading cryptocurrency suffering one of its sharpest declines of the year. 
In the first five days of the month, Bitcoin has triggered more than $1.28 
billion in long liquidations as prices plunged toward the critical $60,000 
region. According to the renowned analyst, Bitcoin&#8217;s struggles are part of a 
broader market-wide risk-off move in the US financial markets. In an X post on 
June 6, Adler Jr. explained that the Bitcoin market turmoil began following 
the release of stronger-than-expected US labor market data. The US economy 
reportedly added 172,000 jobs in May, significantly above forecasts of 88,000. 
Generally, rising employment is viewed as a positive economic signal. However, 
with inflationary pressures remaining elevated and energy prices still 
relatively high, investors interpreted the report differently. According to 
Adler Jr., the stronger labor market reinforced expectations that the US 
Federal Reserve is likely to adopt a restrictive monetary policy. Therefore, 
expectations for future rate hikes rose from 40% to 57%. The impact was felt 
across multiple asset classes. In the trading session on June 5, approximately 
$2.5 trillion was reportedly erased from major financial markets, including 
the S&amp;P 500 ($1.14 trillion), Nasdaq ($1.11 trillion), gold ($1 trillion), 
silver ($280 billion), and Bitcoin ($80 billion). Related Reading: Bitcoin 
Testing A Critical Support After Sharp Market-Wide Selloff Bitcoin Remains In 
Danger Of Excessive Leverage Despite Decline Beyond macroeconomic factors, 
Adler Jr. also highlighted the excessive leverage in the Bitcoin market. 
Notably, funding rates have remained positive throughout the decline, 
indicating that traders continued paying premiums to maintain long positions 
even as prices moved lower. Such conditions often signal excessive bullish 
positioning but pose a serious risk of forced liquidations if the decline 
persists. At the same time, Bitcoin open interest remained elevated, as the 
30-day open interest change peaked at 14.1% on June 3, then eased slightly to 
8.4% by June 6. The market expert explains that such movement indicates that 
leverage had accumulated rapidly during the decline before being forced out. 
In other layers of the market, US Bitcoin spot ETFs recorded approximately 
$1.40 billion in weekly net outflows, removing an important source of demand 
to become part of the selling pressure. Meanwhile, Adler Jr. highlights an 
increase in exchange inflows as Bitcoin&#8217;s seven-day exchange netflow average 
climbed to 10,200 BTC on June 2, then retraced to around 6,200 BTC. 
Historically, rising exchange balances are often associated with increased 
sell-side activity. Related Reading: Ethereum Breakdown Warning: This Key 
Level Could Trigger More Downtrend Bitcoin Outlook Hinges On Vital $60,000 
Support At press time, Bitcoin trades at $61,593, reflecting a 1.95% gain in 
the past day. According to Adler Jr., the key market level is $60,000, 
representing the current cycle low. The market analyst states it’s important 
that several market segments, i.e., ETF outflows, exchange inflows, and the 
futures market cool down before a price break occurs below $60,000, to avoid 
another cascading effect. Featured image from Shutterstock, chart from 
Tradingview

Bitcoin&#8217;s price action in June has been marked by heavy selling pressure, with the leading cryptocurrency suffering one of its sharpest declines of the year. In the first five days of the month, Bitcoin has triggered more than $1.28 billion in long liquidations as prices plunged toward the critical $60,000 region. According to the renowned &#8230;

Bitcoin’s June Bloodbath Explained: Causes, Market Impact, And Outlook

The delay in SpaceX&#8217;s S&amp;P 500 inclusion highlights challenges for mega-cap 
IPOs, affecting investor strategies and market dynamics significantly.
The post SpaceX faces lengthy wait for S&amp;P 500 inclusion after rules change 
rejection appeared first on Crypto Briefing.

The delay in SpaceX&#8217;s S&amp;P 500 inclusion highlights challenges for mega-cap IPOs, affecting investor strategies and market dynamics significantly. The post SpaceX faces lengthy wait for S&amp;P 500 inclusion after rules change rejection appeared first on Crypto Briefing.

SpaceX faces lengthy wait for S&amp;P 500 inclusion after rules change rejection

AIMCo&#8217;s investment in Strategy shares signals a shift in institutional 
strategies, potentially influencing other Canadian entities to explore 
indirect crypto exposure.
The post Alberta Investment Management Corp holds $160M in Strategy shares, 
marking first Bitcoin-linked bet by a Canadian province appeared first on 
Crypto Briefing.

AIMCo&#8217;s investment in Strategy shares signals a shift in institutional strategies, potentially influencing other Canadian entities to explore indirect crypto exposure. The post Alberta Investment Management Corp holds $160M in Strategy shares, marking first Bitcoin-linked bet by a Canadian province appeared first on Crypto Briefing.

Alberta Investment Management Corp holds $160M in Strategy shares, marking first Bitcoin-linked bet by a Canadian province

Analysts claim XRPL is attracting fresh RWA capital as Ripple expands 
tokenization and Ethereum faces outflows.

Analysts claim XRPL is attracting fresh RWA capital as Ripple expands tokenization and Ethereum faces outflows.

Is capital leaving Ethereum for XRPL’s RWA market?

Bitcoin traders have spent the past week bracing for the wrong kind of 
surprise, watching rate-cut bets evaporate as a run of firm labor data pushed 
the odds of a Federal Reserve hike by year-end toward 85% and dragged the 
10-year Treasury yield up near 4.5%. Understandably, it dominates the screens, 
given how much of […]
The post A needed $900B Treasury cash rebuild could quietly drain the 
liquidity Bitcoin needs appeared first on CryptoSlate.

Bitcoin traders have spent the past week bracing for the wrong kind of surprise, watching rate-cut bets evaporate as a run of firm labor data pushed the odds of a Federal Reserve hike by year-end toward 85% and dragged the 10-year Treasury yield up near 4.5%. Understandably, it dominates the screens, given how much of &#8230;

Becerra, Hilton likely to face off in California governor race

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