Cryptocurrencies Unlikely to Return to Last Week's Lows -- Market Talk

Dow Jones06-12 20:58

1257 GMT - Last week's selloff in cryptocurrencies likely marks the low in prices for this cycle, Standard Chartered's Geoff Kendrick says in a note. The SpaceX initial public offering could sound the end of crypto exchange traded funds selling, he says. A possible U.S.-Iran-U.S. war deal would also support cryptocurrencies if oil prices fall alongside Treasury yields, he says. Another potential positive catalyst would be bitcoin-hoarding firm Strategy announcing more bitcoin purchases next week, having unveiled renewed purchases on Monday. Strategy last week said it sold bitcoin holdings for the first time since 2022. Bitcoin rises 0.1% to $63,417 after reaching a 20-month low of $59,125 last Friday. Ether falls 0.3% to $1,664 after hitting a 14-month low of $1,506 Saturday.(renae.dyer@wsj.com)

(END) Dow Jones Newswires

June 12, 2026 08:58 ET (12:58 GMT)

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The SpaceX initial public offering could sound the end of crypto exchange traded funds selling, he says. A possible U.S.-Iran-U.S. war deal would also support cryptocurrencies if oil prices fall alongside Treasury yields, he says. Another potential positive catalyst would be bitcoin-hoarding firm <a href=\"https://laohu8.com/S/MSTR\">Strategy</a> announcing more bitcoin purchases next week, having unveiled renewed purchases on Monday. <a href=\"https://laohu8.com/S/STRF\">Strategy</a> last week said it sold bitcoin holdings for the first time since 2022. Bitcoin rises 0.1% to $63,417 after reaching a 20-month low of $59,125 last Friday. Ether falls 0.3% to $1,664 after hitting a 14-month low of $1,506 Saturday.(renae.dyer@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 12, 2026 08:58 ET (12:58 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"3SMI.UK","symbol_name":"GRANITESHARES 3X SHORT MSTR DAILY ETP","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2642483293","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2642483293","pubTimestamp":1781269080,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1257 GMT - Last week's selloff in cryptocurrencies likely marks the low in prices for this cycle, Standard Chartered's Geoff Kendrick says in a note. 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