Two crypto analysts argue Bitcoin remains in a bear market and may be in its final bearish phase. One expects the cycle to potentially bottom between $47,000 and $51,000 around October 2026, while another sees a possible drop to $54,000 next week and a deeper low near $47,000 by July 2026. Both forecasts frame the period as marked by weak sentiment and choppy price action.

Hungary’s new Tisza-led government said it will roll back the prior administration’s crypto regime and fully decriminalize crypto trading, eliminating prison exposure that previously reached up to eight years. The shift follows the April 12, 2026 parliamentary election and subsequent mid-May swearing-in of Prime Minister Péter Magyar, with officials signaling MiCA-aligned rules will replace the existing framework.

Bitcoin rose from $62,300 to $63,700 in roughly an hour after President Donald Trump said the US would not carry out scheduled strikes on Iran. In the same window, oil fell sharply from above $91 to below $87, while ETH moved back near $1,700, BNB returned to $600, and SOL gained 5% on the day to $67.

Visa introduced new AI-commerce and stablecoin infrastructure offerings at the Visa Payments Forum 2026, including identity tools for AI agents and a partnership with OpenAI to enable payments inside AI-driven experiences. The company said stablecoin settlement processed through VisaNet reached an annualized run rate of roughly $7 billion as of March 2026, alongside plans to broaden seven-day settlement and support tokenized bank deposits.

Bitcoin steadied above $62,500 and later moved back over $63,000 after a 1:28 p.m. EDT post from U.S. President Donald Trump, following a June 10 rebound back through $62,000. In parallel, May U.S. wholesale inflation surprised to the upside, with the producer price index (PPI) rising 1.1% and the annual rate reaching 6.5%. BTC was quoted at $63,280 at press time, while analysts cautioned that an extended Strait of Hormuz conflict could pressure rates and growth.

Audiera's BEAT token climbed more than 60% on June 11, printing a new all-time high of $9.34 and pushing its market capitalization to $2.68 billion. The move followed an AI SocialFi partnership announcement and coincided with $8.2 million in short liquidations out of $10.1 million total wiped positions. Commentators also questioned BEAT's token distribution, including claims that the team controls at least 84% of supply.

Market analyst Shanaka Anslem Perera said Bitcoin has moved within 9% of its realized price near $53,600, a level he argues has historically aligned with bear-market endings. He contends the latest decline lacked classic capitulation, citing 187,000 BTC sold at a loss last week versus 1.2 million BTC during the 2022 washout, while demand fell by 652,000 BTC. Perera also pointed to negative spot Bitcoin ETF flows and said steady long-term holder behavior could still support a bullish interpretation.

On June 11, President Donald Trump issued a warning toward Iran that mentioned potential U.S. control of Kharg Island, as traders simultaneously digested a U.S. producer inflation print showing PPI at 6.5%. Markets reacted unevenly: Brent stayed near $92 and WTI near $90, while bitcoin traded around $62,872 and ethereum near $1,645 amid concerns over both geopolitics and rate-cut expectations.