加密货币Neutral$BTC

Live bitcoin updates: What's next for bitcoin as it faces headwinds from SpaceX, Fed rates, and Mythos

Core inflation rose less than feared in May, but markets have turned lower in afternoon trade.

YayaNewsFinancial news writer2026-06-10 15:03Updated: 2026-06-26 15:190 ViewsSource CoinDesk

YayaNews contributes financial news and market context through the YayaNews editorial workflow.

Core inflation rose less than feared in May, but markets have turned lower in afternoon trade.

Live bitcoin updates: What's next for bitcoin as it faces headwinds from SpaceX, Fed rates, and Mythos

8:21 p.m., June 10

Stephen Alpher

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AI build-out claims another $40 billion

Alongside its quarterly results, Oracle (ORCL) said it expects to raise about $40 billion via debt and equity sales in fiscal 2027 to fund AI-related capital expenditures. That's in addition to an already announced $20 million at-the-market stock offering.

Shares are down 1.6% in after-hours trade.

The news comes within days of Google's $85 billion raise, rumors of Meta's consideration of a similar-sized capital raise, and just hours before SpaceX's $80 billion IPO.

The capital rotation out of crypto appears set to continue.

8:13 p.m., June 10

Stephen Alpher

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'Did not need to sell bitcoin to satisfy dividends': Strategy CEO Phong Le

Why the bitcoin sale?

Speaking with CNBC

, Strategy (MSTR) CEO Phong Le said the company sold to 1) inoculate the market, 2) test processes (Strategy is highly experienced in buying, but selling, not so much), and 3) capture tax losses, which the company expects to do more of, over time.

Not among the reasons, said Le, was dividend coverage. He reminded that Strategy has other capital raising methods at its disposal to raise cash to pay dividends.

Moving to the poor price action, Le does not disagree with the now-conventional wisdom that capital is rotating into the SpaceX IPO and AI trade. Le expects that money to soon rotate back into crypto.

7:29 p.m., June 10

Stephen Alpher

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Cramer: bitcoin and gold are 'bad money,' being sold for SpaceX

Bitcoin bulls looking for any good news might enjoy one of the market's great contrarian indicators throwing shade on BTC.

"Bitcoin and gold--bad money, being liquidated for SpaceX,"

tweeted Jim Cramer

earlier on Wednesday. "Apple and Nvidia --good money--being liquidated," he continued.

Bitcoin is trading at $61,800, flat over the past 24 hours. Gold is lower 4.2% to $4,109 per ounce, roughly 20% below its record high in late January.

The Nasdaq continues its June swoon ahead of the SpaceX IPO, down 1.8% Wednesday and now lower by about 7% for the month.

6:35 p.m., June 10

Stephen Alpher

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Bitcoin miners turend AI data center names hit hardest

It's probably unfair to even call these companies bitcoin miners anymore as their businesses are far more dependent on AI data center deals than the price of bitcoin.

In fact, most of the group is sharply higher in recent weeks even as the price of bitcoin has gotten pummeled.

And with the Nasdaq lower by 1.4% Wednesday — led by many of the AI favorites — the likes of Hut 8 (HUT), CleanSpark (CLSK), TeraWulf (WULF), Cipher Mining (CIFR) are all lower by 5%-7%.

Bitcoin is roughly flat over the past 24 hours at $61,900.

4:10 p.m., June 10

Stephen Alpher

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Trump: we're hitting Iran hard today

The price of crude oil has jumped to the day's high after President Trump's comments to reporters at the White House.

"We’re going to be attacking [Iran], attacking them very hard,” said the president. “We hit them hard yesterday, and we’re going to hit them hard again today.”

WTI crude is. now higher by 3.3% to $91.11 per barrel.

While the Nasdaq is lower by 1.2%, bitcoin (BTC) is trying really hard to break any correlation, rising to near its high for the day of $62,400.

4:00 p.m., June 10

James Van Straten

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Bitcoin's low correlation stands out as gold and U.S. equities fall

BTCUSD, US Equities, Gold (TradingView)

Bitcoin continues to show a low correlation with traditional assets, trading higher on the day and approaching $63,000.

Meanwhile, risk assets are under pressure. U.S. equities are in the red, with both the S&P 500 and Nasdaq 100 down around 1%. Bonds are also weaker, with the iShares 20+ Year Treasury Bond ETF (TLT) declining on the session.

Gold is extending its recent pullback, falling roughly 3% and nearing $4,100 per ounce, while U.S. Treasury yields are modestly higher on the day.

3:15 p.m., June 10

Stephen Alpher

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Bitcoin loses $62,000 as stocks turn lower

An early bounce for stocks into positive territory has faded in late-morning U.S. action, with the Nasdaq now lower by 1%.

Some saber-rattling over Iran and this week's coming SpaceX IPO are likely contributing to the selling pressure after this morning's better-than-hoped U.S. inflation data.

Rising above $62,000 after those inflation numbers, bitcoin (BTC) has slipped back to $61,900, ahead 0.7% over the past 24 hours.

2:07 p.m., June 10

Helene Braun

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BlackRock has disclosed a 0.65% management fee for its proposed Bitcoin Premium Income ETF (BITA) in what ETF analysts expect could be the fund's final pre-launch filing. The fee is higher than BlackRock's spot bitcoin ETF (IBIT), but below the fees charged by the two largest covered-call ETFs, which currently charge 0.95% and 0.99%, respectively.

The filing suggests BITA could begin trading soon as BlackRock races to bring the product to market ahead of a competing offering from Goldman Sachs, which is expected to become effective around July 1, according to Bloomberg Intelligence ETF analyst

Eric Balchunas

The fund is designed to generate income by selling options linked to bitcoin exposure, a strategy that typically produces yield but can limit upside participation if bitcoin rallies sharply. Balchunas said a key variable for investors will be how aggressively BlackRock writes options and how much potential appreciation it is willing to sacrifice to pursue income. Existing bitcoin income funds employ widely different approaches, with yields ranging from roughly 10% for some products to more than 100% for others, highlighting the tradeoff between income generation and exposure to bitcoin's price gains.

1:52 p.m., June 10

James Van Straten

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Bitcoin jumps above $62,000 as softer inflation lifts crypto stocks and miners

Bitcoin climbed above $62,300 in early U.S. market trading on Wednesday, after softer-than-expected U.S. inflation data boosted risk appetite, lifting the cryptocurrency's move into positive territory for the day.

U.S. equities also recovered from earlier losses, with both the S&P 500 and Nasdaq 100 up for the session. Metals were among the worst-performing assets, with gold falling more than 2%.

Crypto-related equities advanced alongside bitcoin. Strategy (MSTR) gained more than 2%, Robinhood (HOOD) surged over 8% and Coinbase (COIN) rose more than 3%.

AI-focused bitcoin miners also posted gains, with IREN (IREN) up around 3% and KEEL (KEEL) advancing roughly 4%.

12:56 p.m., June 10

Stephen Alpher

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Bitcoin-based fintech Fold doubles after selling BTC to pay down debt

Sign of the times: companies are being rewarded for

selling

bitcoin.

Fold Holdings (FLD) is higher by about 100% premarket

after announcing

it raised $45 million by the sale of bitcoin (BTC) at $71,000 per coin.

Part of the proceeds ($20 million) went to paying off bitcoin-collateralized debt, with the rest added to the company's cash balance for "growth initiatives."

The company noted that it still maintains a "meaningful" amount of bitcoin on its balance sheet.

Fold came public last year via a SPAC deal and has struggled since, plunging more than 90% to well below $1 per share.

12:32 p.m., June 10

Stephen Alpher

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May core CPI rises softer-than-expected 0.2%

The May U.S. Consumer Price Index (CPI) rose 0.5% versus 0.5% expected and April's 0.6%. On a year-over-year basis, CPI was at 4.2% versus 4.2% expected and 3.8% last month.

Core CPI — which excludes food and energy costs — rose just 0.2% in May against forecasts for 0.3% and 0.4% in April. Year-over-year core CPI was running at 2.9% versus 2.9% expected and 2.8% in April.

Bitcoin was adding a bit on the modestly softer-than-expected core CPI number, now trading at $61,500.

U.S. stock index futures are also trimming losses, the Nasdaq 100 is lower by just 0.8% versus down 1.5% just before the print.

12:12 p.m., June 10

Stephen Alpher

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Markets nervous ahead of U.S. inflation data, sending bitcoin down to $61,000

The May Consumer Price Index (CPI) is coming up in a few minutes.

Bracing for another round of disturbing inflation numbers, markets are sharply lower ahead of the print. Nasdaq 100 futures are down 1.5% and S&P 500 futures are off 1%.

The 10-year U.S. Treasury yield continues near multi-year highs as 4.54% and the two-year yield is at 4.14%, well above the Fed's 3.5%-3.75% fed funds target range, thus suggesting expectations that the U.S. central bank will soon commence rate hikes.

Bitcoin is lower by nearly 3% over the past 24 hours at $61,000.

May CPI is estimated to have come in at 0.5% versus 0.6% in April. The year-over-year pace is estimated to have risen to 4.2% from 3.8%. Core CPI is seen at 0.3% versus 0.4% previously. Year-over-year core is expected to be 2.9% against 2.8% in April.

12:02 p.m., June 10

Omkar Godbole

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Bitcoin is heading for a major profitability reset. Here's what it means

Bitcoin (BTC) is heading toward a major profitability reset typically observed in final phases of bear markets, according to onchain data tracked by CryptoQuant.

Right now, the percentage of bitcoin supply that’s still in profit is dropping close to 45%. Here's why it matters: Historically, when this number falls that low, it means that majority of holders are now underwater – the current price is less than their acquisition cost.

This isn’t just affecting a few people; the pain is spreading across the entire market as the recent price crash wipes out unrealized gains for a large share of investors, leaving fewer than 50% in profit.

It is representative of a classic late-stage downtrend. At the bull market peak, over 90% of all bitcoin was usually in profit and everyone felt bullish. Now, as we approach the 45% level, sentiment is shifting toward fear and pessimism.

The good news? These resets often clear out weak hands and speculative buyers. Coins slowly move from stressed sellers into the hands of stronger, long-term investors during a drawn-out bottoming process. process that typically sets the stage for the next bull run.

"From an on-chain perspective, profitability compression often serves as a mechanism that removes speculative excess from the market. As weaker holders exit positions under pressure, coins gradually migrate toward investors with longer investment horizons. This redistribution process can create short-term volatility but has historically contributed to healthier market structures over time," Cryptoquant's analyst noted.

11:00 a.m., June 10

James Van Straten

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Hut 8 raises $4.25 billion to build AI data center in Texas

Hut 8, an AI infrastructure and data center developer, said on

Tuesday

it has closed a $4.25 billion investment-grade debt offering to fund construction of its Beacon Point data center campus in Texas. The offering consisted of 6.129% senior secured notes due 2042. Shares of Hut 8 were down about 2% in pre-market trading following the announcement.

The financing will support the development of a 352-megawatt facility, to be leased to an unnamed tenant with an investment-grade credit rating of AA- or higher. The notes were rated Baa2 by Moody's and were reportedly oversubscribed by investors.

The deal marks Hut 8's second major investment-grade data center financing this year, bringing total project-level funding across its Beacon Point and River Bend campuses to $7.5 billion.

10:31 a.m., June 10

Aoyon Ashraf

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The real Wall Street takeover

A quick pulse check.

Bitcoin (BTC) has been trading sideways for the last 24 hours, since falling near $61,000 yesterday.

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More interesting action is in the altcoin space right now. While most of the large names, such as ZCASH and HYPE, are the biggest losers in the last 24 hours, one name that stands out among the outperformers is Morpho. The token MOPRHO is up about 14%, outpacing most altcoins, according to CoinDesk data.

Yesterday, the blockchain-based lending protocol said it

raised $175 million

in a funding round co-led by Paradigm, a16z crypto and Ribbit Capital. The funding comes at a time when most crypto projects are treading water amid the bear market.

What's interesting about the raise is that Morpho operates an open credit network that allows institutions and fintech firms to build lending products on blockchain rails. The $175 million in backing is a bet that all of Wall Street will eventually move credit products onchain.

This raise is likely another signal that TradFi doesn't care what the market is doing. They see the potential of blockchain technology, and they will continue to build for the future, bear market or not.

And that's the difference between what the real "Wall Street taking over crypto" looks like and what crypto degens thought it would be. They aren't buying everyone's bags; they are carefully betting on the future.

9:20 a.m., June 10

James Van Straten

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Inflation fears weigh on markets as traders brace for CPI data

Markets are retreating in pre-market trading ahead of the latest Consumer Price Index (CPI) report, as investors brace for signs that inflation remains stubbornly elevated.

Risk assets are under pressure, with the Invesco QQQ and bitcoin (BTC) both down more than 1% before the opening bell, reflecting growing concerns that stronger inflation could delay the Federal Reserve's path toward lower interest rates.

Expectations for tighter monetary policy have weighed on gold, which has fallen to $4,169, down over 2% in the past 23 hours, while the yield on the U.S. 10-year Treasury has climbed back above 4.5% as investors adjust to the prospect of higher rates for longer.

Headline CPI

is forecast to rise 4.2% year over year, up from 3.8% in May, which would mark the highest inflation reading since April 2023. Core CPI, which excludes food and energy prices, is expected to increase 2.9% annually, compared with 2.8% previously.

Reflecting these concerns, the

CME FedWatch Tool

is currently pricing in a 25-basis-point Federal Reserve rate hike by December.

9:05 a.m., June 10

James Van Straten

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Bitcoin mining difficulty set for biggest drop since February

Hash Rate (Glassnode)

Bitcoin’s mining difficulty is expected to

decline

by roughly 11% on June 14, marking the largest downward adjustment since February.

Bitcoin difficulty is a self-regulating mechanism that automatically adjusts every 2,016 blocks, approximately every two weeks, to ensure new blocks continue to be mined at an average rate of 10 minutes, regardless of changes in network computing power.

The anticipated reduction follows a notable decline in bitcoin’s hash rate, which measures the total computational power securing the network. The seven-day moving average of Bitcoin’s hash rate has fallen to around 910 exahashes per second (EH/s), down from its all-time high of 1.1 zettahashes per second (ZH/s) recorded in October.

The decline appears to be driven by multiple factors.

Rising energy costs

, partly linked to geopolitical tensions with Iran, have increased miners' operating expenses. At the same time, several publicly listed U.S. mining companies have redirected infrastructure and capital toward artificial intelligence (AI) and high-performance computing (HPC) businesses.

This shift has reduced the resources dedicated to Bitcoin mining, with some operators scaling back or exiting mining in favor of AI-focused opportunities.

8:54 a.m., June 10

James Van Straten

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Keel raises $458m in debt while selling bitcoin to fund AI expansion

Keel (TradingView)

Keel Infrastructure (KEEL), a digital energy and infrastructure company, raised $458 million through a

convertible senior notes

offering due 2032, generating approximately $445 million in net proceeds. The debt, which carries a 1.25% coupon, provides additional flexibility to fund data center development, equipment purchases, and other growth initiatives as the company pivots toward AI and high-performance computing infrastructure.

Alongside the debt raise, Keel has also been monetizing its bitcoin holdings, selling 269 BTC for approximately $20 million during the first four months of 2026. The Bitcoin sales form part of management's broader strategy to redeploy capital from mining operations into higher-growth digital infrastructure assets.

7:39 a.m., June 10

Omkar Godbole

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Oil volatility returns to pre-Iran war levels, bitcoin doesn't care

Oil market panic has sharply cooled in a positive sign for risk assets, including cryptocurrencies.

The CBOE Oil Volatility Index (OVZ) has dropped back to 57.63%. That's exactly where it stood in the final week of February before the Iran war began, according to data source TradingView.

This reverses the dramatic spike above 120% that followed the outbreak of conflict, indicating that energy market fears have largely subsided.

This normalization in oil volatility should provide relief for risk assets previously disrupted by wild energy swings. Bitcoin, however, is moving in the opposite direction, with its 30-day implied volatility (BVIV) surging from 36% to a high of 59% since early last week. The index currently sits around 50%.

Rapid outflows from spot ETFs, Strategy’s BTC sales, and growing unease over inflation and the AI-driven market frenzy have triggered a sharp pullback in bitcoin prices, lifting volatility expectations.

7:39 a.m., June 10

Shaurya Malwa

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Premiums for the SpaceX pre-IPO listing on Hyperliquid has been slimming ahead of blockbuster offering

A 5x-leveraged perpetual contract on Hyperliquid, trading under the ticker SPCX, has become the main venue for price discovery ahead of the SpaceX IPO and has fallen about 27% from its mid-May launch.

Despite the slide, SPCX still trades above SpaceX’s fixed $135 IPO price, implying an expected first-day premium of roughly 16%, down from about 60 percent in May

The SPCX contract is a cash-settled derivative with no claim to SpaceX shares, and its recent weakness may reflect broader crypto-market pressure and investors raising cash to participate in the heavily oversubscribed offering.

6:18 a.m., June 10

Omkar Godbole

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Bitcoin's price chart is broken, ETF expert says

David Nicholas, CEO and Founder of XFUNDs by Nicholas Wealth and portfolio manager of several actively managed ETFs including BLOX, which maintains bitcoin as a core holding, views the current bitcoin market as technically damaged.

He notes that BTC is trading roughly 20% below its 50-day moving average, a situation he describes as a “broken chart.” This significant deviation has prompted Nicholas to maintain defensive hedges on the position while monitoring for signs of stabilization.

As of writing, bitcoin changed hands near $61,400, with the 50-day simple moving average at $75,020, according to CoinDesk data.

Despite acknowledging oversold conditions that could fuel a short-term bounce, Nicholas remains cautious. According to him, at least a 20% recovery is needed to turn bullish on BTC, yet even that move would still leave price action well below the 200-day moving average.

Other traders have mentioned levels ranging from $68,000 to $80,000 as thresholds that need to be breached for a bull revival.

5:48 a.m., June 10

Shaurya Malwa

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Claude's Fable, an early version of Mythos, rolls out to the public

Anthropic released Claude Fable 5 on Tuesday, its most capable public model running on Mythos, as it pursues a fall listing it has already filed for confidentially alongside OpenAI, which filed Monday, and SpaceX.

Mythos is Anthropic’s most advanced tier of artificial intelligence models, and Fable is the first publicly released version of this powerful underlying architecture but it comes with strict built-in safety filters.

Bitcoin has spent the past week trading as the high-beta arm of the Nasdaq, sliding with chipmakers and Asian tech as the AI trade unwound. An Anthropic listing, after its $65 billion round at a $965 billion valuation, would hand index funds and retail traders a single AI-lab stock to pile into. Crypto already moves with the AI trade, and giving that trade its own ticker only tightens its grip.

AI-linked tokens caught a modest bid on Fable's launch while bitcoin barely moved, because model releases are narrative for the sector's small caps while the majors now trade on what the AI trade does to risk appetite, not on the models themselves.

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Latest Research

CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High

In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.

CoinDesk Research

Jun 15, 2026

In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.

Why it matters

In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.

View Full Report