Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum — Asian Wrap 06 June

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Bitcoin eyes decline below $100,000 amid profit-taking and Trump-Musk clash

Bitcoin (BTC) declined 3% on Thursday, erasing more than $84 billion from its market capitalization as intense profit-taking from long-term holders (LTHs) and macroeconomic uncertainty impacted its price. Notably, a clash between President Donald Trump and Tesla CEO Elon Musk over the "One Big Beautiful Bill Act" has caused the top cryptocurrency to shift toward a short-term bearish outlook.

Bitcoin, Ethereum, XRP slides as Elon Musk and Trump clash over "One Big Beautiful Bill"

Bitcoin (BTC) dropped 3% on Thursday after Tesla CEO Elon Musk and US President Donald Trump engaged in a war of words over the One Big Beautiful Bill Act. The risk-off sentiment following the clash also saw altcoins, including Ethereum (ETH), XRP and Solana (SOL), sustaining losses.

Ethereum Price Forecast: ETH dives 7% amid stablecoin volume hitting $11 trillion in 2025

Ethereum (ETH) is declining over 7% on Thursday, moving below the $2,500 key level amid rising stablecoin activity across its ecosystem.

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XRP and XLM outlook: Mild recovery attempts emerge amid mixed market signals

Ripple and Stellar show mild signs of recovery on Thursday after extending losses earlier this week. XRP is holding above the $1.10 level as bearish momentum begins to fade, while XLM has bounced modestly from a key support zone.

Crypto Overview: Bitcoin consolidates above $60,000 – CRV, WLFI, XMR lead gains

The broader cryptocurrency market maintains risk-off sentiment as Bitcoin lingers above $62,000. The mild recovery in BTC fails to lift the Fear and Greed Index, which at 15 continues to signal extreme fear among investors. Still certain altcoins, Curve DAO, World Liberty Financial, and Monero, have emerged as top performers over the last 24 hours.

Bitcoin faces further downside risk amid growing short-term holder losses, weak ETF demand

Bitcoin's recent decline toward the $60,000 level has pushed the market further into bearish territory, with new investors suffering huge unrealized losses, according to a Glassnode report on Wednesday. The firm noted that Bitcoin's earlier May rally now appears increasingly as a "bear bounce".

CFTC proposes framework to review terrorism, war, assassination-related contracts on prediction markets

The Commodity Futures Trading Commission (CFTC) on Wednesday proposed amendments to Regulation 40.11, seeking to establish a formal framework for reviewing prediction market contracts. The proposed framework targets contracts linked to terrorism, assassination, war, gaming, or conduct that is unlawful under federal or state law.

Bitcoin: After the bloodbath, everyone looks at $60,000

Bitcoin (BTC) hovers above $62,000 at the time of writing on Friday, weighed down by growing risk-off sentiment due to persistent geopolitical tensions in the Middle East and sticky macroeconomic uncertainty. The institutional sell-off continued to wreak havoc on capital flows, with spot Bitcoin Exchange-Traded Funds (ETFs) recording billions in outflows.