Live bitcoin updates: What next for bitcoin as it faces headwinds from Fed rates to Claude’s Mythos
June 9, 2026
liveUpdated 24 minutes ago
Anthropic’s IPO pipeline, not its new model, is what crypto traders should track.
By Shaurya Malwa and Omkar Godbole
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David Nicholas, CEO and Founder of XFUNDs by Nicholas Wealth and portfolio manager of several actively managed ETFs including BLOX, which maintains bitcoin as a core holding, views the current bitcoin market as technically damaged.
He notes that BTC is trading roughly 20% below its 50-day moving average, a situation he describes as a “broken chart.” This significant deviation has prompted Nicholas to maintain defensive hedges on the position while monitoring for signs of stabilization.
As of writing, bitcoin changed hands near $61,400, with the 50-day simple moving average at $75,020, according to CoinDesk data.
Despite acknowledging oversold conditions that could fuel a short-term bounce, Nicholas remains cautious. According to him, at least a 20% recovery is needed to turn bullish on BTC, yet even that move would still leave price action well below the 200-day moving average.
Other traders have mentioned levels ranging from $68,000 to $80,000 as thresholds that need to be breached for a bull revival.
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Anthropic released Claude Fable 5 on Tuesday, its most capable public model running on Mythos, as it pursues a fall listing it has already filed for confidentially alongside OpenAI, which filed Monday, and SpaceX.
Mythos is Anthropic’s most advanced tier of artificial intelligence models, and Fable is the first publicly released version of this powerful underlying architecture but it comes with strict built-in safety filters.
Bitcoin has spent the past week trading as the high-beta arm of the Nasdaq, sliding with chipmakers and Asian tech as the AI trade unwound. An Anthropic listing, after its $65 billion round at a $965 billion valuation, would hand index funds and retail traders a single AI-lab stock to pile into. Crypto already moves with the AI trade, and giving that trade its own ticker only tightens its grip.
AI-linked tokens caught a modest bid on Fable’s launch while bitcoin barely moved, because model releases are narrative for the sector’s small caps while the majors now trade on what the AI trade does to risk appetite, not on the models themselves.
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Tokenized assets hit a record $28.9B in May; their tenth consecutive monthly all-time high. The stablecoin market cap also extended its run to $320B.
16 hours ago
Tokenized assets hit a record $28.9B in May; their tenth consecutive monthly all-time high. The stablecoin market cap also extended its run to $320B.
Why it matters:
Tokenized assets hit a record $28.9B in May; their tenth consecutive monthly all-time high. The stablecoin market cap also extended its run to $320B.
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