Stocks

Bitcoin (BTC) fell on Friday to around $60,000, its lowest levels since early February, extending a broader risk-off mood across crypto. After peaking at $126,000 last October, BTC is now down about 52%, alongside a drop in fully diluted bitcoin-treasury company stocks from nearly $134 billion to about $72 billion. Analysts also flagged a potential support zone between $54,000 and $50,000, a level that would imply a further 17% decline from $60,444.

On June 5, 2026, JPMorgan, Bank of America, Citigroup, and Wells Fargo were reported to be building a shared blockchain network to tokenize corporate deposits, with a targeted launch in the first half of 2027. In parallel, Stripe, Visa, and Mastercard are assembling stablecoin-based payment infrastructure after acquisitions totaling $2.9B, aiming to push cross-border B2B costs below 0.1% per transaction. Coinbase’s USDC revenue arrangement with Circle, described as generating over $900M annually, is set to expire in August 2026 and could influence which system gains traction.

Goldman Sachs projects SpaceX's AI-related revenue could climb to $322Bn by 2030 from an estimated $3.2Bn in 2025, with total company revenue modeled at $474Bn. The report ties the thesis to Starlink-enabled "orbital compute" and comes as SpaceX targets a $75Bn IPO raise at a $1.75 trillion valuation, with pricing expected June 11 and trading slated for June 12.

Bitcoin spot ETFs have logged net outflows in 17 of the last 19 days, totaling $5.6 billion, pushing year-to-date flows to -$2.17 billion. Since May 14, Bitcoin has fallen about 20% from $82,040 to around $64,000, as Michael Saylor argued capital is rotating into AI infrastructure, citing roughly $400B raised over six months.

A June 2026 crypto selloff erased $62 billion in combined market capitalization from public companies that hold Bitcoin on their treasuries. Strategy (MicroStrategy), Tesla, and Marathon Digital were cited among the biggest drivers of the drawdown, as BTC fell roughly 50% from its peak. The move has renewed scrutiny of whether mark-to-market-sensitive corporate BTC treasury strategies can withstand sustained downside.

Strategy founder Michael Saylor said Thursday that Bitcoin's recent softness reflects capital rotating into AI, not a fundamental problem with BTC. He pointed to about ~$400B flowing into AI buildouts over 6 months and roughly ~$4B in spot Bitcoin ETF outflows since May 14 as key pressures. Analysts also flagged upcoming AI IPOs as a potential driver of continued weakness, with some chart watchers eyeing support near $61K and a possible move toward $53.8K.

Marvell Technology (MRVL) gained 4.90% today to $316.43 on massive dynamic trading volume. Discover what Marvell does, the drivers behind today’s rally, the 2026 price outlook, and why traders are turning to BingX.

Forward Industries restarted moving SOL from its treasury after about a month of inactivity, sending 455,784 SOL to Coinbase Prime and initiating an unstaking move tied to 500K SOL. SOL traded below $70 and fell to as low as $66, down 19.3% since the beginning of June, renewing questions about the durability of SOL-focused treasury strategies.

Applied Optoelectronics Inc. (AAOI) rocketed 10.22% today to $202.89 on immense volume. Discover what AAOI does, the drivers behind today’s massive breakout, the 2026 price outlook, and why traders are turning to BingX.

Rocket Lab USA Inc. (RKLB) advanced 4.58% today to $119.95 on healthy buying pressure. Discover what Rocket Lab does, the drivers behind today’s rally, the 2026 price outlook, and why traders are turning to BingX.