Bitcoin held above $60,000, but analysts warn the move was driven more by forced short covering than renewed investor demand.

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	Forwarded this email? Subscribe here for more Bitcoin price rebound wobbles as Israel defies Trump and hits Iran, sending oil back toward $100 Bitcoin held above $60,000, but analysts warn the move was driven more by forced short covering than renewed investor demand. Jun 8   READ IN APP   A fresh Monday market snapshot is ready. Bitcoin’s bounce above $60,000 is fragile. It is driven by forced short covering, not fresh demand. Crypto’s next phase is defined by who controls liquidity, collateral, and exits when stress hits. Ethereum’s slide toward $1,500 shows institutional positioning can reverse fast. Morgan Stanley’s Galaxy tie-up pushes Bitcoin into lending collateral, banks push tokenized settlement keeping funds inside deposits, and Congress weighs tax rules for everyday crypto payments. New DeFi bugs and wallet freezes show operational risk still evolves. The global crypto market cap is $2.19 trillion, with a 24-hour volume of $93.59 billion. The price of Bitcoin is $63,905.93, and BTC market dominance is 58.3%. The price of Ethereum is $1,694.41, and ETH market dominance is 9.3%. The best-performing sector is Gaming, which gained 12%. The Crypto Fear & Greed Index is currently Extreme Fear (8). 📰 Top News Bitcoin price rebound wobbles as Israel defies Trump and hits Iran, sending oil back toward $100 Bitcoin held above $60,000, but analysts warn the move was driven more by forced short covering than renewed investor demand. Ethereum’s $1,500 test shows how quickly Wall Street’s crypto trade has turned ETF withdrawals, exchange inflows and options positioning show pressure building around crypto’s second-largest token. DeFi’s old hack vectors are fading – But the new risk can hit six chains at once The good news is that bridge hacks and flash-loan attacks are fading; the bad news is that protocol logic bugs are becoming much harder to contain. 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