NEAR and Worldcoin post double-digit gains amid liquidations

NEAR and Worldcoin recorded double-digit gains on June 2 as Bitcoin fell below $70,000 and triggered $714 million in liquidations across the market. Select altcoins advanced on ecosystem-specific catalysts while the broader market faced pressure.

NEAR rebounded from a key historical support zone, reviving a bullish fractal pattern that had preceded rallies of 2,375 percent and 900 percent in earlier cycles. Bitcoin's drop below $70,000 initiated a large liquidation cascade totaling $714 million. Worldcoin also posted double-digit increases alongside NEAR. The moves occurred as other altcoins responded to individual project developments rather than broad market trends.

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Bitcoin holding above $80,000 with altcoins and Coinbase rebounding in a financial chart illustration.
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Bitcoin holds above 80,000 as altcoins and Coinbase rebound

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Bitcoin stayed above 80,000 dollars on Friday while altcoins led gains across crypto markets. Coinbase shares recovered 10 percent from session lows after the exchange reported a quarterly loss.

Bitcoin traded near $77,000 on Thursday, signaling a mild bullish trend, while Ethereum hovered around $2,300 with neutral momentum. Crypto markets posted modest gains over the past 24 hours despite mixed weekly performance. Analysts cite resistance at $80,000, ETF outflows, and macroeconomic pressures as key factors tempering short-term sentiment.

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Bitcoin climbed back over $77,000 on Wednesday as traders weighed technical support levels against ongoing macroeconomic pressures. The move followed a five-day losing streak and lifted some altcoins alongside major crypto indexes. Analysts highlighted key resistance near $82,500 and stressed the need for renewed ETF inflows to sustain gains.

Bitcoin dropped below 60000 on June 5 amid stronger than expected US jobs figures and ongoing capital shifts toward AI.

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Coinbase shares recovered 10 percent from session lows on Friday following a weaker-than-expected first-quarter report and a multi-hour trading outage tied to Amazon Web Services failures. Bitcoin held above $80,000 while several altcoins posted gains of 5 to 12 percent.

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