Top 4 reasons why XRP price may surge 50% in June

The crypto market slid sharply on Friday, June 6, shedding 5% over the past 24 hours as rising political tensions between President Donald Trump and Elon Musk sent investor confidence tumbling.  The total crypto market capitalization now stands at $3.29 trillion, down from around $4.1 trillion on June 5. According to data from Alternative, the Crypto Fear & Greed Index dropped 12 points, from 57 to 45, marking a move into “fear” territory. This decline in sentiment follows a public clash between Trump and Musk that has also weighed heavily on traditional markets. Bitcoin (BTC) is down 3.1% and trading at $101,843 at press time. Ethereum (ETH) leads the top 10 altcoin losses with a 7.5% slide, while Solana (SOL), XRP (XRP), and BNB (BNB) each slid about 5%. Nearly $986 million in cryptocurrency positions were liquidated in the last day, according to Coinglass data, a 358% increase. The crypto market relative strength index dropped to 32.7, indicating oversold conditions, and open interest dropped 2.71% to $140 billion. The market reaction followed a series of political escalations. The fallout started when Musk resigned from the Department of Government Efficiency and publicly criticized the President’s recent spending bill, dubbed the Big Beautiful Bill. In response, Trump revoked Jared Isaacman’s NASA nomination, a close associate of Musk, and threatened to completely cut off government contracts for businesses run by Musk. You might also like:https://crypto.news/big-beautiful-bill-abomination-explained/ The feud intensified on June 5 after Musk accused Trump of being connected to the Jeffrey Epstein files and supported calls for his impeachment. Trump, in turn, declared that Musk had “gone crazy.” As tensions rose, Tesla shares plunged more than 14%, and Musk announced SpaceX would begin decommissioning its Dragon spacecraft. In light of the President’s statement about cancellation of my government contracts, @SpaceX will begin decommissioning its Dragon spacecraft immediately pic.twitter.com/NG9sijjkgW— Elon Musk (@elonmusk) June 5, 2025 Dogecoin (DOGE) suffered the sharpest decline among major tokens, plummeting nearly 20% in the past 24 hours. While DOGE lacks intrinsic utility, its price has long been sensitive to Musk’s actions and statements. The token had rallied following Trump’s election win, amid hopes of crypto-friendly policies. However, investors seem to be pulling back as that optimism wanes.  Alongside digital assets, cryptocurrency-related stocks also suffered. Mining companies MARA, Riot Platforms, and Core Scientific all saw losses of about 5%, while Coinbase fell 4.6% and Strategy fell 2.4%.  Meanwhile, political uncertainty continues to attract the interest of the crypto community. Traders currently assign a 10% probability that Trump will be impeached before the end of 2025 on the decentralized prediction platform Polymarket. So far, almost half a million dollars has been wagered on that outcome. Market volatility may persist in the coming days as macro risks increase and sentiment toward cryptocurrencies declines. Read more:Circle IPO debuts strong as CRCL gains over 120% on day 1

River 的 Leishman 表示，虽然量子计算对比特币的安全构成了威胁，但银行已经采取了多种防御措施来防止大规模崩溃。 关于量子计算机是否会威胁比特币（BTC）的争论再次升温，River 首席执行官 Alexander Leishman 认为比特币面临的风险比传统银行系统更大。 辩论比特币量子威胁的时间表是非常公平的。我个人非常怀疑这是一个短期问题。然而，很多人都说“QC 会毁掉一切，包括整个银行系统，所以如果比特币毁掉一切，那一切都会毁掉”。这是……— Alexander Leishman 🇺🇸 (@Leishman) 2025 年 2 月 20 日 在 2 月 21 日的 X 帖子中，Leishman 解释说，对于比特币来说，资金的安全性完全取决于私钥。一旦公钥被泄露，量子计算机就可以轻松访问资金。 “这里没有任何保护层来保护任何带有公开公钥的地址。毫无疑问，如果您有权访问 QC，这是迄今为止最能获得投资回报的攻击。” 亚历山大·莱什曼 然而，莱什曼认为，银行系统更安全。虽然量子计算机可以破坏用于保护在线通信的 HTTPS 加密，但攻击者仍然需要拦截流量并劫持 DNS，然后才能访问银行系统。 你可能还喜欢：出于对量子计算的担忧，Avalanche 首席执行官呼吁冻结中本聪时代的数百万比特币 Leishman 解释说，银行还使用 IP 白名单和对称密码认证等额外的安全层，这些层不易受到量子计算机的攻击。 “Even if you do manage to pop a bank you need to get that money somewhere. Everything is very KYC’d with a lot of manual controls around large movements of funds. Good luck moving millions or billions without a human catching something.” 亚历山大·莱什曼 虽然量子计算对比特币构成了潜在威胁，但在近期内还不必担心。然而，最近的发展表明，量子计算可能比之前想象的更接近现实。 2 月 19 日，微软推出了一款新型量子芯片，声称它表明量子计算只需“几年，而不是几十年”的时间就能实现。这款所谓的 Majorana 1 芯片旨在降低量子计算容易出错的特性，并得到了即将在《自然》杂志上发表的一篇科学论文的支持。 尽管科技界对于量子计算将在何时产生影响仍存在一些疑问，但谷歌和 IBM 等公司预测大规模量子计算机将可能在 2033 年投入运行。 阅读更多：Tether CEO predicts quantum computing could recover lost Bitcoin

币安创始人赵长鹏宣布，计划向 TST 和 BROCCOLI memecoins 的受害者捐赠更多资金，此前他已向 LIBRA 受害者捐款。 在收到比他最初捐赠给 LIBRA 代币崩盘受害者的更多的币安币 (BNB) 后，CZ 于 2 月 19 日透露，他将向在 TST 和 BROCCOLI 模因上亏损的投资者捐赠更多资金。 CZ 此前曾捐赠 150 BNB，约合 100,000 美元，以帮助那些受 LIBRA 代币故障影响的人。这是受到一位大学生的启发，这位大学生捐赠了 50,000 美元来帮助受害者。 已发送 150 BNB。祝你好运，继续努力！https://t.co/y5KyV9NGnA— CZ 🔶 BNB (@cz_binance) 2025 年 2 月 18 日 但付款后不久，CZ 的钱包里就出现了比他最初捐赠的更多的 BNB 和其他代币。意识到这一突然激增，CZ 表示他会将这笔钱捐给其他受影响的人，而不是自己留着。他在 X 上发帖称：“我不会留下一分钱”，并承诺将捐款给在 BROCCOLI 和 TST memecoins 上损失金钱的受害者。 加密中的有趣事物。🤷‍♂️当你试图快速赚钱时，你常常会亏损。当你捐出钱时，你会得到更多的回报。我向一名大学生捐赠了 150 BNB（约 100,000 美元），他拿出自己的 50,000 美元来帮助 Libra 受害者。（这名学生似乎已经兑现承诺……https://t.co/0KbkiGZcYt pic.twitter.com/VRJmgIV5Uf— CZ 🔶 BNB (@cz_binance) 2025 年 2 月 19 日 The LIBRA token controversy unfolded when Argentine President Javier Milei promoted on X, causing its value to soar. Nevertheless, investors suffered massive losses as the token abruptly crashed. It has been reported that around 40,000 people were affected. BROCCOLI and TST, on the other hand, were directly linked to CZ’s online persona. You might also like:Libra 价格预测： LIBRA 币会走高吗？ 在他一篇教学帖中提到测试代币后，一种名为 TST 的投机模因货币应运而生。TST 随后缩水了一半以上，给投资者造成了巨大损失。 同样，以他的狗 Broccoli 命名的代币在价格迅速上涨后也出现了大幅下跌。在最近的这些争议之后，CZ 加大了参与社区推动的恢复工作的力度。 尽管 CZ 辞去了币安首席执行官一职，但他仍然在加密货币领域拥有重大影响力。他持续的贡献表明了 memecoin 市场的不确定性，这导致最近几周数百万美元的损失。 阅读更多：CZ and Yi He respond to ‘Binance being sold’ rumors

Blocksquare 在欧洲推出了房地产代币化框架，在卢森堡成立了 Blocksquare SARL，将区块链技术与传统土地登记相结合。 根据 crypto.news 分享的一份说明，该框架旨在为业主提供一种合法的方法，将与房地产相关的经济权利代币化，同时保留完全所有权。 代币化将资产（如房地产）转换为区块链上的数字代币。每个代币代表房地产经济价值的一部分，如租金收入或转售利润。 你可能还喜欢：独家：第一层数据网络 Flare 与 Google Cloud 合作举办 AI 黑客马拉松 使用实物财产作为抵押的财产代币 在新框架下，Blocksquare SARL 为每个代币化房产发行 Blocksquare 房产代币。房产所有者通过结构化的借贷流程获得这些代币，并以房产作为抵押品。 公证人将交易正式化，投资者随后可以购买 BSPT 以获得该房产的财务回报。这些代币也可以在二级市场上交易，从而增加房地产行业的流动性。 Blocksquare 通过与公证人达成协议并与土地登记系统保持一致，确保这些交易符合欧盟法规。 卢森堡的金融法规，尤其是 MiCA，为该框架提供了安全的基础。Blocksquare SARL 为投资者提供部分所有权、代币交易能力和法律保护。业主无需放弃控制权即可获得全球资本。 Blocksquare 此前已在斯洛文尼亚完成了一项经过公证的代币化房地产交易。该公司计划在比利时和奥地利开展试点项目，未来将扩展到德国、波兰和法国，以吸引机构投资者和大型房地产公司。 你可能还喜欢：Ondo Finance 宣布将股票、债券和 ETF 纳入链上的框架

The crypto market crash continued on Friday as profit-taking accelerated and concerns about trade and the Federal Reserve deepened. Bitcoin (BTC) price dropped to $105,500, down from the all-time high of $111,900 last week. The other top laggards were altcoins like PancakeSwap (CAKE), Raydium (RAY), Ethena (ENA), and Arbitrum (ARB), which dropped by over 10%. The crypto market crash triggered a wave of liquidations. CoinGlass data shows that 24-hour liquidations jumped by 125% to $709 million. Almost 224,000 traders were liquidated, with the largest loss amounting to nearly $13 million. Cryptocurrencies retreated as Bitcoin lost momentum following its strong rally that pushed it to its all-time high last week. It is common for Bitcoin’s price to pull back slightly after hitting a record high or a crucial milestone. You might also like:Strategy stock price moves into a correction: will it rebound? When Bitcoin sneezes, altcoins catch a cold. This explains why many altcoins have crashed even harder. Second, Bitcoin and altcoins have declined in anticipation of June, which is typically the second-worst month for the crypto market after September. On average, Bitcoin returns -0.35% in June, as many investors take time off at the start of the summer season. Third, there are lingering concerns about trade after a court ruled that Trump’s tariffs were illegal. Another court allowed these tariffs to continue as the administration appeals, a process that will take it to the Supreme Court. Finally, there are signs that the Federal Reserve will hold interest rates steady at 4.50% for a while. Minutes released this week showed that officials are comfortable with a wait-and-see approach as they assess the impact of tariffs on inflation. Is this crypto market crash the end of the bull run? Technicals and fundamentals suggest that the crypto bull run has a long way to go. As crypto.news wrote here,the ongoing Bitcoin price action is part of the formation of the handle section of the cup and handle pattern. It is also forming a bullish flag pattern, which could result in a strong breakout and an altcoin market rally. Bitcoin price chart | Source: crypto.news The other sign that the bull market is not over is Bitcoin’s supply and demand dynamics. Demand continues to rise, with ETFs bringing in over $45 billion in inflows and more companies adding it to their treasuries. The supply on exchanges has dropped from 3.5 million in 2020 to 1.35 million. Therefore, this supply and demand dynamic suggests the coin will bounce back. You might also like:Dow slides amid fresh U.S.-China trade tensions