MicroStrategy chairman Michael Saylor said on Monday, June 8, that the company purchased 1,550 BTC for about $101 million to increase its Bitcoin holdings. The buys were made between June 1 and June 7 at an average price of $65,332 per BTC, bringing total holdings to 845,256 BTC. Bitcoin critic Peter Schiff called the move "damage control" and argued the company boosted U.S. dollar reserves by $100 million while raising capital via stock sales.

Ethereum (ETH) bounced after dipping into the $1.5K area and has recovered toward $1.7K, but it still sits below the 100-day MA near $2.1K and the 200-day MA around $2.4K. Key upside checkpoints are clustered at $1.77K, $1.83K, and $1.92K, while $1.64K is highlighted as near-term support on lower timeframes. Sentiment remains cautious with the Coinbase Premium Index around -0.04, despite rebounding from roughly -0.15.

Between June 1 and 7, Strategy bought 1,550 BTC for $101 million at an average price of $65,332, taking its holdings to 845,256 BTC and lifting USD reserves to $1 billion. After a 32 BTC sale last week at $77,135 each to fund preferred dividends, Bitcoin slid from about $77,000 to below $60,000 before the company resumed buying. During the same dip, Tom Lee's BitMine Immersion Technologies purchased 126,971 ETH for $213 million with ETH near $1,670, raising its total to 5.54 million ETH.

More than 200 crypto companies and trade groups called on Senate leaders John Thune and Chuck Schumer to bring the CLARITY Act to the full Senate, via a joint letter dated June 7. The push follows bipartisan approval in the Senate Banking Committee and comes as Senator Cynthia Lummis publicly signaled the bill's next step is a floor vote. Industry backers argue the legislation would clarify federal rules and registration pathways, while JPMorgan CEO Jamie Dimon has said banks would "fight" parts tied to stablecoin oversight.

On June 3, Coinbase introduced a new "pre-IPO perpetual future" tied to SpaceX, letting eligible users outside the U.S. trade exposure to the company's implied valuation via a USDC-settled perpetual contract. Kraken is also taking registrations for potential tokenized SpaceX shares through xStocks in more than 110 countries, while Bybit says its IPO Express will offer tokenized SpaceX access at IPO pricing through an xStocks partnership.

XRP has rebounded from the $1.10–$1.20 demand zone after slipping under the $1.30 support, but it remains below the 100-day MA (~$1.35) and 200-day MA (~$1.60) within a long-term descending channel. Bulls may need to reclaim $1.35–$1.40 to aim for ~$1.80, while the RSI near 33 suggests bearish momentum has eased without confirming a reversal. Against Bitcoin, XRP is around 1,820 SAT after holding 1,700 sats support, with resistance clustered near 1,850 sats and a potential next target near 2,000 sats.

BlackRock moved 3,580 BTC worth about $226.8 million to Coinbase Prime on June 8, a transfer that some traders watch as a possible precursor to market activity. The move comes as its crypto ETF lineup saw roughly $1.46 billion in net outflows in the five trading days ending June 5, including about $1.34 billion from IBIT.

Bitcoin is trading under renewed pressure after breaking multiple support areas and sliding into a demand region around $60K–$62K. Price action shows only a modest bounce from roughly $59.1K, while the market structure stays bearish below $66K–$67K and the $72K–$74K supply zone. On-chain readings also point to increased exchange inflows from older coins, which could add to near-term sell-side pressure.