As Expected BTC Dumping Hard, triggering mass liquidations across the market and will continue to do so.

-Under 1 week candle, it looks pretty obvious that BTC is still struggling and $50,000 zone is the target.

-BTC touched $61,300 & is now trading around $62,400. The downside pressure is still intense.

-If BTC breaks down below $60k level then the next predictable zone is around $50k.. If its also breached then the next leg down will be around 38k - $40k...

MARKET UPDATE:

Bitcoin Falls under $62,000
ETH falls under $1,700

Over $500,000,000 liquidated from the crypto market in the past few hour.

BNB: $570
XRP: $1.10
SOL: $64

Zcash crashes 48% after Claude AI finds critical vulnerability allowing unlimited minting of ZEC.

It went unnoticed for 4 years until it was patched on June 1st.

Bitcoin falls to $60,000 zone.

About $155,000,000 worth of crypto longs liquidated in the past 60 minutes.

🔴BLOODBATH🔴

Over $2.5 Trillion wiped out in 24hrs.

-S&P 500 is down -1.65%, wiping out $1.14 trillion.

-Gold is down -3.38%, wiping out $1 trillion.

-Silver is down -6.9%, wiping out $280 billion.

-Bitcoin is down -6.31%, wiping out $80 billion..

IMPORTANT UPDATES:

-U.S. government Bitcoin holdings are down almost 50% to $20.8B from a $40.7B peak in October.

-House Republicans have introduced seven Bitcoin and crypto tax bills for hearings next week. The proposals aim to establish clearer tax treatment for stablecoins, staking rewards, & Bitcoin mining.

-$1.75 trillion wiped out from the US stock market today. $130,000,000,000 wiped out from the crypto market cap.

-BHUTAN govt moves $45M in bitcoin..

-Claude maker Anthropic is calling for a global pause in AI development, warning that models are approaching the ability to self-improve without human intervention.

ANTHONY POMPLIANO says that ''If you liked Bitcoin at $126,000, you should love it at $62,000 also''

“Bitcoin is preparing itself for what it does best”

BREAKING NEWS:

Israel says Iran has launched a wave of ballistic missiles towards Israel. This marks the first Iranian attack on Israel since the ceasefire agreement on April 8th..

Israel launches fresh strikes on Iran's capital ''Tehran''...

Michael Saylor is Now Down $12 Billion on His Bitcoin Investment.

-Strategy Company Spent $64 Billion to Acquire 8,43,706 Bitcoin..

-At this Current Situation, Strategy's 8,43,706 BTC Holdings are Worth $52 Billion, which is down by $12 Billion..

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🇺🇸 FTX Founder Sam Bankman-Fried applies for pardon from President Trump..

MARKET UPDATES:

-Market sentiment: Extreme Fear

-Index value: 9

-BTC Dominance: 58.69%

-Altcoin season index: 49/100

-Total crypto marketcap: $2.1 Trillion..

-Bitcoin price: $61,200
-ETH Price: $1,620

IMPORTANT:

U.S CPI Data Coming Today at 6:00 PM IST..

CPI YoY EXPECTED: 4.2%
PREVIOUS: 3.8%

If CPI comes below Expectations then its bullish.. If CPI comes Above Expectations then its bearish..

BITCOIN UPDATE:

This above 5 year BTC chart is clearly giving signs on what we might expect..

-BTC Right now is under pressure because it has broken down from the ascending triangle pattern and is back at $61,000 zone.

-Guys don't panic because, Bitcoin is doing just what it's supposed to do.. This crashing might demotivate you but this crash is necessary for Bitcoin to push higher..

-The crash isn't over!! according to me, I'm expecting Bitcoin to bottom out somewhere in the middle of October, if history plays out..

-I'm predicting bitcoin to touch around $38,000 - $42,000 zone. So those who are waiting for perfect entries can accumulate in this zone..

U.S Consumer Price Index (CPI) come out at 4.2%

Forecast 4.2% | Previous 3.8%

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IMPORTANT UPDATES:

-$1.1 trillion wiped out of Gold's market cap today.

-$1 trillion wiped out from the US stock market today.

-🇮🇷🇺🇸 Iran announces full shut down of the Strait of Hormuz following US strikes.

-Jim Cramer says Bitcoin and gold are "bad money" being liquidated for SpaceX's IPO.

-Japan advances bill to reclassify cryptocurrencies as financial products and cut taxes from 55% to 20%.

-Bithumb CEO is under police investigation in south Korea over suspected bribery charges.

IMPORTANT UPDATES:

-$1.15 trillion added to the US stock market today.

-Trump says the US will take Iran's Kharg Island and "assume total control of their Oil and Gas Markets." Kharg Island handles 90% of Iran's oil export.

-Iran threatens to "explode" markets and energy infrastructure.

-United States officially becomes the world's largest oil exporter, surpassing Saudi Arabia.

-India's Retail Inflation Rose to 3.93% in may from 3.48% in April.. But came in below Expectations of 4.02%