Bitcoin’s correlation to stocks and uncertainty about the future of the US economy could cap BTC price gains below $110,000.

Bitcoin price shows strength, but will BTC bulls be able to push through $110K?

Ripple ignites Japan’s Web3 future with major funding push for XRP Ledger 
startups, targeting DeFi, tokenized assets, and digital payments. Ripple 
Sparks XRPL Wave in Japan With $200K Support Plan per Project Ripple Labs 
announced on June 9 that it has entered a partnership with Web3 Salon, a 
project supported by the Japan External Trade […]

Ripple Backs XRP Ledger Startups in Japan With up to $200K per Project

Data shows the demand for spot exchange-traded funds (ETFs) has cooled off for 
Bitcoin, while Ethereum has continued to attract inflows. Bitcoin Has Ended A 
Streak Of Positive ETF Flows In a new thread on X, the on-chain analytics firm 
Glassnode has talked about how the total balance of the US spot ETFs has 
changed for Bitcoin and Ethereum recently. The spot ETFs refer to investment 
vehicles that provide an alternate means of gaining exposure to a 
cryptocurrency&#8217;s price movements in a manner that&#8217;s familiar to traditional 
investors. Related Reading: Crypto Suffers $1 Billion Flush As Musk-Trump Feud 
Shakes Bitcoin These ETFs are a relatively new presence in the sector, but 
they have gained sufficient popularity to become a key part of the market. 
Investors who previously avoided digital assets due to the perceived 
complexity of wallets and exchanges can now invest through ETFs, which trade 
on traditional exchanges. The US Securities and Exchange Commission (SEC) 
approved the spot ETFs for Bitcoin back in January 2024. They got approval for 
Ethereum half a year later, in July 2024. First, here is how the balance held 
by the spot ETFs has changed for Ethereum since their inauguration: As 
displayed in the above graph, the total balance of the Ethereum spot ETFs has 
been on the rise recently. In fact, the cryptocurrency has now seen four 
straight weeks of net inflows. In all, 97,800 ETH have entered into the 
wallets associated with these ETFs during this green netflow streak. Though 
despite the continuous inflows, their total holdings are yet to hit the 3.81 
million ETH peak from February, as they currently sit at 3.77 million ETH, 
about 41,000 tokens lower. &#8220;Accumulation is steady, but room remains for 
further upside,&#8221; notes Glassnode. Bitcoin has also seen growth in its spot ETF 
holdings recently, but unlike Ethereum, the number one digital asset saw the 
metric surpass its high from February last month. That said, while the Bitcoin 
spot ETFs were enjoying inflows until very recently, the trend has changed 
during the past week as net outflows have occurred instead. This has been the 
first negative week in eight for the BTC ETFs. &#8220;Total holdings are now 1.20M 
BTC, down ~11.5K BTC from the late-May peak,&#8221; explains the analytics firm. &#8220;A 
pause in demand after a strong run-up &#8211; watch for signs of re-acceleration.&#8221; 
Related Reading: Bitcoin RSI Dips Below 30—Is A New All-Time High Next? It now 
remains to be seen how things will develop in the coming days for the top two 
cryptocurrencies and whether the divergence that is starting to develop 
between them will only take further hold. BTC Price Bitcoin has seen a jump of 
about 2% during the past day and has recovered to $107,600. Featured image 
from Dall-E, Glassnode.com, chart from TradingView.com

Bitcoin & Ethereum Diverge—ETF Flows Just Flipped The Narrative

Billionaire investor Ray Dalio warns the U.S. is nearing a catastrophic 
breaking point, as spiraling debt, social division, and fiscal dysfunction 
mirror pre-civil war historical collapse. Ray Dalio Predicts US Breakdown as 
Debt Soars and Unity Cracks Billionaire hedge fund manager Ray Dalio shared a 
lengthy post on social media platform X on June 9, […]

Ray Dalio Warns US Collapse Near as Debt and Discord Intensify

The price of bitcoin barreled past the $110,000 mark, notching an intraday 
peak of $110,587 per coin. With that move, the top digital currency now 
commands a market cap of $2.19 trillion—taking up 63.8% of the $3.44 trillion 
crypto economy. At the time of writing, at 7:30 p.m. Eastern time, bitcoin is 
changing hands for […]

Bitcoin Taps $110K as Crypto Market Erupts With Billions in Fresh Volume

Evita Pay founder Iurii Gugnin has been accused of using sanctioned Russian 
banks to launder millions into the US, with the funds used in part to 
undermine American interests.