Українська
Русский
English
Bitcoin Reclaims $63,000 as Nasdaq Recovers 1.3% After Its Sharpest Drop in a Year
On Monday morning, Bitcoin once again rose above the $63,000 mark thanks to activity from institutional investors and progress by US lawmakers on key cryptocurrency bills. As a result, the total market capitalisation of digital assets reached $2.19 trillion.
Key Points:
- On Monday, Strategy purchased 1,550 $BTC for $101 million as Bitcoin recovered above $63,000 after its June lows.
- Last week, Bitmine acquired 126,971 $ETH, while on June 8 the total cryptocurrency market capitalisation reached $2.19 trillion.
- On Monday, debate on the Clarity Act began in the Senate, with Bitcoin eyeing $65,000 as the next key level.
Institutional Investors Buy the Dip
According to data released on Monday, Strategy purchased an additional 1,550 $BTC for around $101 million. The move came as Bitcoin traded in the $63,400–$63,600 range, rising by roughly 3% over 24 hours after a correction that briefly pushed prices into the $59,100–$61,000 range.
Bitmine joined the list of institutional buyers, acquiring 126,971 $ETH last week. Ethereum traded around $1,688, rising 4.35% on the day.
The Fear and Greed Index remained at 16, firmly in the “extreme fear” zone, even as prices rose. This divergence between sentiment and price behaviour is consistent with large players buying the dip rather than broad retail participation.
Favourable Regulatory Conditions
The Clarity Act, a bipartisan market structure bill defining a framework for oversight of digital commodities, was brought up for debate in the Senate on Monday. Progress on the bill lifted sentiment across the sector. Separate proposals to ease bank capital requirements for cryptocurrency assets and earlier steps on the GENIUS Act, which regulates stablecoins, added to the positive backdrop.
Bitcoin dominance remained around 58.3%, while selected altcoins, including Hyperliquid (HYPE) and Zcash (ZEC), showed relative strength. The Altcoin Season Index rose by 4.44%, with capital rotating into tokens such as Solana (SOL) and NEAR.
Macroeconomic Background
US stock markets also opened higher on Monday, with the Nasdaq Composite rising by roughly 1.1–1.4% after a 4.18% drop on Friday, its sharpest one-day decline in more than a year. The sell-off was triggered by the May employment report, which showed 172,000 jobs created versus a consensus forecast of 85,000, shifting rate-cut expectations towards a “higher for longer” stance.
The US Dollar Index pulled back slightly into the 99.90–100 range, offering additional support to risk assets, including cryptocurrencies.
Jensen Huang and the Intel Factor
Nvidia CEO Jensen Huang, speaking in South Korea at a meeting with executives from Samsung, SK Hynix and LG, described the recent sell-off in technology and artificial intelligence-related stocks as a clear buying opportunity. “We are at the very beginning of this process, and whatever happens to the stock market, you should be happy, because now you can buy stocks at a discount,” Huang explained, according to Bloomberg.
Intel shares on June 8, 2026.
Intel shares jumped by about 12% after reports emerged that Google had placed an order with Intel Foundry for more than 3 million next-generation Tensor Processing Units for 2028, using advanced EMIB packaging technology. Nvidia is separately evaluating Intel’s 18A technology node for part of its future artificial intelligence chip production. Neither Google nor Nvidia has officially confirmed the specific order details. The news strengthened the broader recovery in the chip sector and aligned with the manufacturing goals of the US CHIPS Act.
What Traders Are Watching
Short-term cryptocurrency momentum depends on whether Bitcoin can reclaim and hold above $65,000. Analysts point to the 78.6% Fibonacci retracement level at $2.23 trillion as the nearest resistance for total market capitalisation. A close below $2.1 trillion, the yearly low, would signal that the recovery has stalled.
The release of the US Consumer Price Index (CPI), scheduled for June 10, will be the next major macroeconomic event. ETF inflow data and any final votes on the Clarity Act before the summer recess will also attract close attention.
See also: "ZEC Rises 41.5% After Critical Network Vulnerability"
