Happy Wednesday!

Bitcoin just finished (or did it?) a post-golden cross correction. But according to Benjamin Cowen, it could still face weakness in Q3.

Bitcoin can also boost portfolio returns without increasing risk, according to a fresh research report. How does that work?

Plus, don’t miss Benzinga’s must-attend virtual forum on the rapidly evolving ETF market! Join us on June 5th at 10 am ET to explore the latest trends in crypto ETFs, thematic ETFs and innovative structures. Gain valuable insights into strategies reshaping how financial advisors guide clients and how retail investors adjust their portfolios.

Click here to reserve your spot today!

TOP STORY

Bitcoin's Post-Golden Cross Correction Playing Out — Benjamin Cowen Flags Signs Of Q3 Weakness

Cryptocurrency analyst Benjamin Cowen warns that Bitcoin’s recent correction could deepen through Q3, pointing to familiar patterns in key technical indicators.

In his June 4 podcast, Cowen noted that Bitcoin has dropped around 7–8% from all-time highs, nearing his forecasted 10–15% pullback following a golden cross. He emphasized that the "supply in profit" metric, currently at 96.71%, is flashing warning signs as previous market tops have occurred when this indicator exceeds 97–99%.

What does that mean for Bitcoin’s performance?

Read the full scoop here.

SPONSORED CONTENT

Don’t miss Benzinga’s must-attend virtual forum on the rapidly evolving ETF market! Join us on June 5th at 10 am ET to explore the latest trends in crypto ETFs, thematic ETFs and innovative structures. Gain valuable insights into strategies reshaping how financial advisors guide clients and how retail investors adjust their portfolios.

Click here to reserve your spot today!

QUICK N DIRTY

Trump-linked coins have started moving after the news that a Trump crypto wallet may be in the works — is a bullish run coming?

Bitcoin and other major cryptocurrencies continue their slow grind up, but the battle for $105,000 remains vital for short-term market direction.

Anthony Scaramucci says the 25-year prison sentence for Sam Bankman-Fried is too strict — even though Scaramucci himself was a victim of SBF.

FINTECH FOCUS

Can Bitcoin Boost Portfolio Returns Without Increasing Risk? Bitwise's Matt Hougan Says It Can

Bitcoin’s volatility is well known, but Bitwise Chief Investment Officer Matt Hougan argues that when viewed within the context of a broader portfolio, the asset may improve performance without proportionately increasing risk.

In a note published by Bitwise Asset Management on June 3, Hougan questions the conventional practice of evaluating Bitcoin in isolation.

"When you think about adding Bitcoin to a portfolio, don't do it in isolation. Think about it in the context of your entire risk budget," he wrote.

How can Bitcoin boost portfolio performance?

Read the full scoop here.

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