- Market Commentary: BTC traded higher before reversing lower over the past 24 hours, with downside pressure intensifying after news of the U.S.–Iran conflict materialized. The $60,963 level remains a key near-term support; if broken, attention may shift to the psychological $60,000 threshold. On the upside, resistance is concentrated around the previous high near $63,000. ETH moved largely in tandem with BTC and has yet to establish stable short-term momentum. A decisive break below $1,625 could open the door to further downside.
- Trending Tokens: H surged nearly 150% after the project announced a 1 million USDT bounty following a hacker attack and pledged to use any recovered funds for token buybacks, fueling strong market expectations for future repurchases. EVAA gained more than 30%, supported by rising activity within the TON ecosystem and growing demand for DeFi lending services. TX also advanced over 30%, attracting capital amid extreme market fear and benefiting from its high-beta characteristics.
- Alpha Insights: Demand for SpaceX’s latest IPO reportedly exceeded $250 billion, representing an oversubscription of roughly 4x. Some investors may have sold crypto assets to participate in the offering, potentially contributing to the recent market correction. Meanwhile, the United States launched multiple rounds of military strikes against Iran targeting air defense systems and radar facilities, leading to weaker openings across Japanese and South Korean equity markets. In Washington, a U.S. House hearing on cryptocurrency taxation signaled further legislative momentum, providing policy-driven support for the compliance-focused segment of the crypto industry.
Discover more details today → Gate Research: U.S.–Iran Military Conflict Continues to Escalate, House Crypto Tax Hearing Signals Legislative Momentum
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Gate Team
June 10, 2026
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