thecryptopicks
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thecryptopicks
Daily Crypto news and talks since 2021 ๐งโ๐ป
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Robinhoodโs chain built on $ETH is going absolutely crazy Over $500M in 24-hour volume on Uniswap ๐ Great news for Ethereum Once again ETH has a monopoly on DeFi and it wonโt stay undervalued forever ๐
The FOMC minutes from June 17โ18 have just been released โข 9 officials see at least one 25 bps HIKE this year โข 6 see 2 HIKES โข 9 see no move or a rate cut The Fed is split but it still seems pretty hawkish ๐ด (hikes are bearish for markets) But $BTC is now chilling above $60K Saylor selling hasnโt really affected it It really feels like weโve either hit the bottom or weโre very close ๐
๐จ Michael Saylorโs Strategy sold 3,588 $BTC worth $225 million Here we go The biggest โnever sellโ myth just died ๐ Bitcoin reacted instantly ๐ Iโm pretty worried about Strategy The company doesnโt create value beyond buying Bitcoin Now that the โnever sellโ narrative is gone, Iโm not sure investors will trust it the same way or stay interested If Strategy really starts to struggle it will have to keep selling Bitcoin Thatโs not good for the short term ๐ด
Round of 16 of the World Cup starts today ๐ 2022 $BTC price: $17,035 2026 $BTC price: $62,473 Just. Trust. The. Process. ๐
The USA turns 250 years old today Happy Birthday, USA! ๐บ๐ธ $BTC price through the years: 2010: $0.01 2011: $15 2012: $7 2013: $77 2014: $637 2015: $257 2016: $670 2017: $2,598 2018: $6,579 2019: $11,764 2020: $9,084 2021: $34,973 2022: $19,750 2023: $31,051 2024: $58,659 2025: $109,433 ๐ 2026: $61,900
โข $BTC lost the $60K level and continues to trend lower ๐ด โข Gold hit a 34-week low erasing $12 TRILLION from its peak ๐คฏ โข Strategy has approved the sale of up to $1.25B worth of BTC to fund its USD Reserve ๐ โข ETFs continue to see outflows ๐ Very weak market July and August are historically very slow months for both crypto and stocks $55K next? ๐
๐จ $BTC made a new cycle low touching $58K for the first time since September 2024 And unlike the previous retests, weโre struggling to reclaim $60K The current sentiment is so bearish that it could mean weโre actually not that far from the bottom. But at the same time so many people are calling for the bottom now that it feels like we havenโt reached maximum pain yet More pain ahead or is the bottom very close? ๐ Strong indicators: โข 200WMA: ~$63k โข Realized Price: ~$54k
Another day, another scam... $M crashed 85% in 24 hours. โก๏ธ 99% of the supply was reportedly held by insiders, creating an artificially high valuation with almost no real liquidity. At one point, it reached a $34.5B FDVโฆ while on-chain liquidity was only around $100k It only takes one decent-sized seller to collapse a market like that. Always check token distribution and liquidity before buying.
We made a new cycle low ๐จ $BTC at $58,995 Once again, the market reacted fast and pumped back to $61K You can look at it in two ways: โข This is a strong support level. Three times now, weโve seen Bitcoin react almost immediately after breaking below $60K. โข But at the same time, weโve tested this level three times now, and the more we test it, the more likely it is to break As I said, I still believe this high-$50K zone will be the cycle bottom, but you have to stay humble and observe. No scenario can be ruled out at this point ๐
$ETH Foundation just cut 20% of its staff Some may see it as the beginning of a deeper crisis, but somehow I canโt feel worried about ETH... at all โก๏ธ ETH is the absolute leader of DeFi. โก๏ธ On-chain tokenized assets have grown 589% to $31 billion since 2025. Everyone will eventually use blockchain and DeFi for real-world applications. It is just superior in every term (transparency, efficiency, securityโฆ) Feels more like a reset to me ๐
๐ด Over $800 billion wiped out from Asian stock markets in just a few hours amid a massive tech stock sell-off The S&P 500 is in the red but still near all-time highs $BTC reacted as well โก๏ธ Every small pump we get is quickly reversed Boring summer ahead โ๏ธ Most likely, we stay in this range for the next two months I still believe the bottom of this cycle is somewhere in the low $60Ks to high $50Ks ๐
VanEckโs $ETH price predictions for 2030: ๐ด Bear case: $360 โช Base case: $22,000 ๐ข Bull case: $154,000 Do you still believe in Ethereum for the long run? ๐
$SOL is heading toward its 9th consecutive red monthly close... When does it stop?? ๐ Are you worried about SOL?
Fed Chair Kevin Warsh declined to provide forward guidance on future rate decisions Thatโs a FIRST ๐ด โก๏ธ Going forward weโll have far less information During the press conference he announced that the Fed has โdroppedโ forward guidance In other words, markets will now have less visibility into the Fedโs outlook = more uncertainty โข 9 of 18 officials expect at least one rate hike this year. โก๏ธ odds of the Fed hiking rates in 2026 have surged ๐ The S&P 500 reacted instantly and $BTC followed a bit The next Fed meeting is in 6 weeks. This new era of the Fed will bring even more volatility
SpaceX continues to break records and reportedly hit a $3 TRILLION valuation earlier today The money is there. Now we want to see it flow from stocks into riskier assets like $BTC That might take some timeโฆ potentially until after summer โ๏ธ๐
$HYPE is one of only 4 coins in the top 100 to have made a new ATH in 2026 And people still doubt it... ๐
After 107 days of war the US and Iran have officially reached a peace deal The signing is scheduled for June 19 in Switzerland๐จ๐ญ We donโt have many details yet. It seems more like a medium-term agreement than a full peace treaty. Markets are loving it, with $BTC back above $65K ๐
An eventful week ahead of us for $BTC ๐ โข The Bank of Japan is expected to raise rates to 1% on June 16, the highest level in 30 years. โข We also have the Fed meeting on June 17, with a 97% chance of no rate cuts. โ What will really matter is the tone and the projections. You already know that Japan ๐ฏ๐ต and US ๐บ๐ธ markets are closely linked. For years, many investors borrowed cheap yen and invested it in US assets to generate returns. With higher rates in Japan, that changes things.
๐จ Iran announces a full shutdown of the Strait of Hormuz following US strikes. Here we go againโฆ Gold corrected by trillions ๐ Stocks corrected by trillions ๐ And $BTC has remained surprisingly strong above $62K Iโm still convinced this low-$60K zone isnโt too far from the bottom of this cycle ๐
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