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Bitcoin Price Crashes! Will Btc Drop Below $100K Today?
GameFi Guides

Bitcoin Price Crashes! Will BTC Drop Below $100K Today?

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Bitcoin is on the verge of slipping below the crucial $100,000 psychological mark, trading at $100,992.72 as of writing on Thursday, June 5. The world’s largest cryptocurrency is down more than 4% over the last  24hrs. 

The market cap is retreating to $2 trillion, according to CoinMarketCap data. The latest price chart shows an accelerated downward move that began late on June 5, with volume surging past $54 billion—a 21% spike suggesting heavy liquidation or panic sell-off.

Despite a community sentiment still leaning bullish (82% positive), the current technical trend reflects bearish momentum, especially after failing to hold the $104K-$105K consolidation zone.

The ongoing downtrend is part of the crypto market crash that has already wiped off $595 million in liquidations.

Also Read: Crypto Market Crash: 3 Reasons Why BTC, ETH, XRP Dropped Suddenly



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XRP Ledger payments. (XRPScan)
Crypto Trends

XRP Ledger Payments Count Crashes to Lowest Since October as XRP Fails to Keep With Bitcoin (BTC)

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Activity on the XRP Ledger, a decentralized public blockchain designed for quick, cost-effective real-time transfer of XRP, fiat currencies and other digital assets, has slowed considerably since the first quarter.

The number of payment transactions, representing the transfer of value from one account to another, dropped to 320,747 at press time, the lowest since October and significantly down from the average of over 1 million observed through March, April, and early May, according to data source XRPScan.

XRP Ledger payments. (XRPScan)

The number of active addresses also fell under 10,000, also the lowest since October. Meanwhile, the number of XRP burned as fees dropped to a multi-month low of 1,500 XRP, coinciding with a slowdown in the creation of new accounts. Account creators need to deposit 1 XRP, which can be reclaimed following the deletion of the account.

The slowdown follows an impressive first quarter during which payment transactions surged by an impressive 36% on a quarter-on-quarter basis, according to data tracked by Messari. Meanwhile, active addresses registered a 142% growth.

Positive outlook

The Messari report was optimistic about XRP Ledger’s prospects, citing an increase in institutional adoption through strategic partnerships and acquisitions.

In April, Ripple, which leverages the XRP Ledger to provide payment solutions, Hidden Road, making it the first crypto company to own and operate a global, multi-asset prime broker.

Early today, Ripple’s enterprise-grade RLUSD stablecoin received the green light from the Dubai Financial Services Authority (DFSA), opening doors for its use in the Dubai International Financial Centre (DIFC).

More announcements could hit the wires next week during Ripple’s XRP Ledger Apex 2025 event, which will take place in Singapore from June 10 to 12.

XRP struggles to keep pace with bitcoin

Bitcoin, the leading cryptocurrency by market value, recently rose to new lifetime highs above $110,000, marking a surge of over 40% from its early April lows near $75,000.

The stellar recovery also lifted the broader market higher, with XRP jumping from $1.60 to $2.60, a 62% increase, according to CoinDesk data. However, the rally in the payments-focused token has stalled since then, falling well short of its peak of around $3.40 registered in January when BTC set its then-lifetime peak of $109K.

The divergence indicates that XRP is not benefitting from bitcoin’s new highs the same way it did earlier this year. It could be a sign of waning demand for XRP, suggesting caution, as a potential downturn in Bitcoin could weigh heavily on XRP’s price.

XRP fails to keep with bitcoin’s new highs. (TradingView/CoinDesk)



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CoinDesk Bot
NFT Gaming

ETH Crashes to $2,499 as Binance Inflows Raise Whale Exit Fears

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Ethereum (ETH) faced renewed downside pressure in late trading, tumbling below the $2,500 level as selling volume surged and broader risk sentiment weakened. Global trade tensions and renewed U.S. tariff risks have triggered risk-off flows, with digital assets increasingly mirroring traditional markets in their reaction to geopolitical uncertainty.

On-chain data revealed sizable inflows to centralized exchanges — most notably 385,000 ETH to Binance —a dding to speculation that institutional players may be trimming positions. Although ETH has since recovered modestly to trade around $2,506, market observers are closely watching whether buyers can defend this level or if another leg lower is imminent.

Technical Analysis Highlights

  • ETH traded within a volatile $48.61 range (1.95%) between $2,551.09 and $2,499.09.
  • Price action formed a bullish ascending channel before breaking down in the final hour.
  • Heavy selling emerged near $2,550, with profit-taking accelerating into a sharp reversal.
  • ETH dropped from $2,521.35 to $2,499.09 between 01:53 and 01:54, with combined volume exceeding 48,000 ETH across two minutes.
  • Volume normalized shortly after, and price recovered slightly, consolidating around the $2,504–$2,508 band.
  • The $2,500 level is now acting as interim support, though momentum remains fragile with signs of distribution still evident in recent volume patterns.

External References



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Frog flops as Pepe coin supply crashes: Is a leap next?
NFT Gaming

Frog flops as Pepe coin supply crashes: Is a leap next?

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Pepe coin price continued its sell-off on Saturday, moving to its lowest point since May 9, as the crypto sell-off accelerated.

Pepe (PEPE) dropped to a low of $0.00001096, down by 32% from its highest point this year. 

On the positive side, the supply of Pepe coins on exchanges has crashed to 105.33 trillion, its lowest level since 2022. It has also fallen from last year’s high of 215 trillion, a sign that holders are not selling their coins. 

Nansen data shows that the number of Pepe coins whales hold has increased this month. These investors now hold 9.71 trillion coins, a 2.74% increase from April. 

Accounts labeled as smart money have also continued to accumulate Pepe this month. Their holdings jumped to 625 billion, a 145% month-on-month increase.

Whales are individuals and entities holding large amounts of coins, and their actions can influence their performance. On the other hand, savvy money investors are those that Nansen has determined have a long track record of success.

Smart money holdings of Pepe | Source: Nansen

Another bullish case for Pepe is that its positive funding rate has been rising since May 8. A positive funding rate is a sign that investors believe a coin’s future price will be higher than the spot rate. 

Pepe coin price analysis

Pepe price chart | Source: crypto.news

The daily chart shows that the Pepe price peaked at $0.00001625 in May and then pared back some of these gains to $0.00001095. Its weekly low was notable since it aligned with the 100-day Exponential Moving Average and the highest swing in September last year.

Pepe moved below the lower side of the bullish flag pattern, while the Relative Strength Index and the MACD have pointed downwards.

Therefore, technicals point to more downside, potentially to the 78.6% retracement level at $0.00001057, and then it will bounce back as bulls target the 50% point at $0.000017.



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BERA price crashes as Berachain transactions, stablecoins plunge
GameFi Guides

BERA price crashes as Berachain transactions, stablecoins plunge

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Berachain’s token crashed to a record low this week, erasing hundreds of millions of dollars in value as concerns about its network escalated.

Berachain (BERA) price dropped to $2.689, down 70% from its highest level this year. This steep decline has reduced its market cap from over $920 million in March to $339 million.

Activity on Berachain’s network continues to decline. According to Nansen data, it had only 104,000 active addresses over the past seven days, trailing behind other top chains like Sui (SUI) and Base. 

Berachain’s transactions fell more than 40% in the last seven days to 4.245 million, making it the worst-performing chain tracked by Nansen. Fees on the network also dropped 37% to $5,200 over the same period.

This trend is mirrored over the past 30 days, with total transactions down 67% to 26.78 million and fees halved to $36,000.

Stablecoins are also fleeing the Berachain ecosystem. The network now holds $197 million in stablecoins, a sharp decline from its year-to-date peak of $1.34 billion. PayPal USD supply on Berachain has dropped 42% in the last 30 days to $105 million, while Honey has fallen 68% to $87 million.

Berachain stablecoin supply has dropped | Source: DeFi Llama

Worse, Berachain has had outflows of US dollars into its ecosystem for all days since March 27. The total value locked in its platform has dropped by 50% in the last 30 days to $2.92 billion. 

These figures indicate that Berachain is rapidly losing traction, marking one of the steepest downfalls in the crypto industry this year.

BERA price technical analysis

Berachain price chart | Source: crypto.news

Berachain has been in a strong downtrend since hitting its post-airdrop high of $9.1823 on March 2.

The eight-hour chart shows that BERA price is hovering near its all-time low of $2.70, forming a double-bottom pattern. A double bottom is one of the most bullish reversal signs in technical analysis.

However, BERA remains below its 50-period and 100-period moving averages. While the double-bottom pattern may suggest a potential relief rally, a drop below $2.7021 would invalidate the bullish case and could open the door to further downside, potentially targeting the psychological level of $2.50.



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Bitcoin search interest over time on Google. (Google Trends)
Crypto Trends

Wall Street Joins BTC Rally With Toyotas While Retail Crashes Their Lambos

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What happens when retail logs off from crypto and Wall Street tunes in? Looking at bitcoin’s

recent all-time-high, one would say it feels bullish and the industry is maturing.

That might as well be the case, but we might not be there yet. So before we floor our Lambos, let’s look under the hood.

First things first, retail investors have basically ghosted this rally. A quick search on Google Trends using the keyword “bitcoin” shows that the surge that was seen back in 2021’s bull market is non-existent. Back then, everyone and their grandmothers were Googling bitcoin, aping into altcoins and flooding the social media with rocket emojis. In 2025? It’s a ghost town in retail-land.

There was a blip of high retail interest surrounding the U.S. presidential election, when a short-lived memecoin mania took over retail sentiment. However, that surge is long gone, as memecoin prices tanked swiftly, even as bitcoin hit an all-time high this week, ripping past $111,000.

Bitcoin search interest over time on Google. (Google Trends)

“Early in this cycle, memecoins became a concentration of risky retail-driven trading with related trading peaking in January,” said Toronto-based crypto platform FRNT Financial. “However, since then, there has been a virtual wash-out of interest and memecoin trading activity,” which shows “the tepid risk appetite in crypto at the moment,” FRNT added.

Translation: “Wen Lambo” crowd got burned, and they aren’t rushing back into the race track en masse anytime soon.

From Lambos to Corollas

On the topic of risk appetite, let’s go back to the car analogy.

During the 2021 bull market, people bought unreliable performance cars, stripped out the brakes and seatbelts to go faster than ever before, and did not care that there might be engine blowouts. As long as there was a promise of reaching the moon, bullish vibes were all that mattered.

Now? After losing tremendous amounts of money on those unsustainable go-fast cars for years, traders are driving Toyota Corollas—sensible sedans that are slow but steady and still on the road.

That risk-off sentiment is also evident from the funding rates, according to FRNT’s analysis of BTC perp rates—a measure of how much traders are willing to pay to maintain their long positions. When bitcoin reached a record high of around $42,000 in January 2021, the perp rate was about blistering 185%. Today, at bitcoin near $110,000, the rate is near 20% on crypto options exchange Deribit, meaning the risk appetite isn’t completely gone but nowhere near the 2021 frenzy.

Average daily BTC perp rate from 2021 to 2025. (Deribit/FRNT)

ATH jitters

A third point to add is the high number of short positions in the market.

As CoinDesk’s Oliver Knight reported this week, the bitcoin long/short ratio is at its lowest point since the crypto winter in September 2022. This implies that the majority of the traders aren’t completely buying into this recent positive momentum and betting on bitcoin moving lower as a hedge for the new bullish rally.

Bitcoin long/short ratio. (Coinalyze/TradingView)

The impact of such positioning was clear on Friday, when bitcoin swiftly crashed from near $111,000 to $108,000 in a matter of minutes and then bounced right back up to $109,000. The anxiety of a swift volatility is real.

So in a car-themed analogy, the drivers (in this case, investors) are still taking out their super-modified, unreliable sports cars for a weekend drive on the track. Still, they also have their Corollas following along. Just in case the engine blows on their go-fast cars.

Cautious optimism

Given the current macro-risk, it’s not entirely surprising that investors are on their toes and risk-averse. But this might just be exactly what your mechanic at the shop prescribed. In fact, this might be an indicator of a sustainable rally in the long term.

“Periods of low leverage and risk appetite in crypto have often preceded further sustainable gains,” according to FRNT.

“BTC appears to be in such a phase, set against a backdrop of numerous bullish catalysts and narratives,” the firm added.

The bottom line is that the retail Lambos might have been towed away, but big money is stepping in with their everlasting Toyotas. This might start a slow but steady race to the moon, not just a reckless joyride.

Read more: These Six Charts Explain Why Bitcoin’s Recent Move to Over $100K May Be More Durable Than January’s Run



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Stockton Rush in OceanGate submersible
Esports

Massive container ship crashes into man’s yard after officer falls asleep at the wheel

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In a baffling turn of events, a container ship ended up crashing into an unsuspecting person’s front yard after the vessel’s watch officer fell asleep on duty.

It’s not unheard of for cars or trucks to occasionally crash into someone’s home or business, but one homeowner in central Norway was stunned to see an entire ship in his garden at 5 AM.

The owner of the home, which sits on the edge of the Trondheim Fjord, says he had to crane his neck to see the top of the 135 meters-tall ship (443 feet).

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“It was so unreal,” he said in a statement to The Guardian.

Ship crashes into unsuspecting homeowner’s garden as officer falls asleep

The vessel in question was a container ship named the NCL Salten, flying flags from Cyprus and manned by a crew of 16 people. It was sailing southwest through the Fjord, on May 22, headed to Orkanger, when it started to drift off its course.

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After a police investigation, it was revealed that the Salten’s watch officer, a man in his 30s from the Ukraine, had fallen asleep during his shift, resulting in the ensuing accident.

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“The individual charged was the officer on watch at the time of the incident,” authorities with the Trøndelag Police District said to the press, adding that “During questioning, he stated that he fell asleep while on duty alone, which led to the vessel running aground.”

YouTube: Times NewsThe NCL Salten ran aground right in one homeowner’s garden.

The man was charged with negligent navigation, and police are also looking into the rules regarding work and proper rest hours amongst the crew members. According to Norwegian law, violations of regulations on entry into Norway’s territorial waters can result in a fine or imprisonment up to one year.

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The home’s owner, Johan Helberg, was able to find humor in the situation, despite the ship only missing his home by a mere five meters, as per the BBC.

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“It’s a very bulky new neighbor, but it will soon go away,” he said to local news outlet TV2.

YouTube: Times NewsThe watch officer has been charged with negligent navigation and could face a fine and prison time.

His son expressed similar sentiments, saying, “I didn’t know if I was dreaming because it was five in the morning and it was so surreal.”

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Oddly enough, this isn’t the first time this particular container ship has run aground. The vessel reportedly beached in 2023 as well, although its crew was able to free it back into the water.



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