The Nasdaq is falling amid expectations of a Fed rate hike, strong US employment figures and rising geopolitical risks. This has strengthened the dollar and dampened risk appetite in global markets.
June 8, 2026 Crypto Review
Market Overview The crypto market capitalisation has lost 12.5% over the past seven days. However, the sharp sell-off that began in June paused on Friday near the $2.05T level, and the market has now rebounded to $2.16T at the time.
Let's take a look at what's happening there by examining the daily chart.
So, the whole issue with silver was the completion of this pattern in wave X.
Bitcoin: ⬇️ Sell – Bitcoin broke support level 60000.00 – Likely to fall to support level 55000.00 Bitcoin cryptocurrency recently broke the support level 60000.00 (which stopped the previous sharp downward impulse wave (5) at the star of February). The breakout.
Ethereum : ⬇️ Sell – Ethereum broke strong support level 1735.00 – Likely to fall to support level 1400.00 Ethereum cryptocurrency recently broke below the strong support level 1735.00 (which stopped earlier sharp downward impulse wave (A) at the start of February).
EURUSD: ⬇️ Sell – EURUSD broke support zone – Likely to fall to support levels 1.1500 and 1.1450 EURUSD currency pair recently broke the support zone between the support level 1.1600 (which stopped earlier correction (2)) and the 61.8% Fibonacci correction of.
AUDJPY: ⬇️ Sell – AUDJPY reversed from resistance level 114.60 – Likely to fall to support level 112.40 AUDJPY currency pair recently reversed down from the resistance level 114.60 (which has been reversing the price from the end of April, as can.
The dollar recovered on Trump's comments about an imminent Iran deal. Fed tightening odds below 50%. Parallels with the 1970s, but a full repeat looks avoidable.
Solana: ⬆️ Buy – Solana reversed from key support level 67.50 – Likely to rise to resistance level 75.00 Solana recently reversed from the key support level 67.50 (which stopped wave (3) at the start of February, as can be.
Comcast: ⬇️ Sell – Comcast broke key support level 25.00 – Likely to fall to support level 22.00 Comcast recently broke below the key support level 25.00 (which stopped the sharp daily downtrend in December with the daily Morning Star, as can.
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💵 The U.S. dollar continues to strengthen as escalating tensions in the Middle East, resilient economic data and rising expectations of a Federal Reserve rate hike in 2026 boost demand for safe-haven assets. Strong employment and services sector figures suggest the U.
GBPUSD is consolidating: an escalation in the Middle East could push the pair towards 1.31, whilst a deal with Iran and rising risk appetite could send it towards 1.37.