A car service shop in Milwaukee, in the US state of Wisconsin, is now accepting Bitcoin and other cryptocurrencies, local network TMJ4 reported today.
Bitcoin for details
Called ‘Detail Doctor’s,’ the shop launched the crypto services just yesterday and is already enjoying a favorable response. The shop is using Coinbase’s merchant services to accept payments and shall take Bitcoin, Ethereum, USD Coin, Litecoin, DAI, and Bitcoin Cash. The first day alone saw a $500,000 Lamborghini, a Maserati, and a Cadillac roll into the shop.  “Wisconsin’s got the supercars,” commented Gene Vicari, a co-owner. The shop specializes in servicing luxury cars, but all cars are allowed to avail services. As such, the move comes as the shop owners believe crypto adoption is only going up in the years to come. “We wanted to stay ahead of the curve and things are changing every day,” said co-owner Donato Salvo. “That one day I would think (that it) would be registered with the federal reserve,” he added. Services—ranging from hot wash to shampoo, to exterior and interior detailing are—by appointment only, and prices vary depending on what customers want done.Source

Bitcoin trading volumes have tumbled this month by 47% from May’s record level, in a bleak turn of events for the digital-asset industry as cryptocurrency prices retreat.
A daily average of $34.8 billion of bitcoin has changed hands in the first eight days of June, compared with the unprecedented $67 billion charted last month, based on data from CoinDesk Research. The June average so far is the lowest for any month since December.  Traders have certainly lost the appetite for bitcoin in this uncertain market environment,” the Norwegian cryptocurrency analysis firm Arcane Research wrote Tuesday in a report. The drop in trading volumes could have implications for cryptocurrency exchanges, which derive revenue from handling the transactions. The big U.S. exchange Coinbase’s stock price is down by 31% since it listed on April 14. The big price crash in May and Elon Musk’s tweets really drove trading activity, making May a high-comp month,” said John Todaro, vice president of crypto asset and blockchain research at Needham & Company, referring to the CEO of Tesla.Source

MicroStrategy has boosted its bond deal to a whopping $500 million. As reported by no link shorteningday, the Michael Saylor-helmed business intelligence firm announced that it would offer $400 million worth of senior secured notes on June 7.
It is raising debt to acquire more Bitcoin, orchestrating a so-called "speculative attack" on the U.S. dollar.   
At the same time, MicroStrategy is also expecting to log a mammoth impairment loss of $284.5 million.
The largest cryptocurrency is currently trading at $32,219 after plunging to its lowest level since May 19.
The MicroStrategy stock is also down 7.3 percent today, reflecting the relentless cryptocurrency sell-off
The company currently has 92,079 BTC (roughly $2.9 billion) in its coffers.Source

No clear signal for Bitcoin’s price, except for uncertainty. Investors are puzzled as the first cryptocurrency by market cap follows crab-like price action. At the time of writing, BTC trades at $35,935 with sideways movement across the board. The most bullish expert believes BTC could be forming a Bump and Run Reversal (BRR). In 2018 and 2019, BTC’s price formed this chart structure after major corrections and managed to reclaim the lost territory.
Anonymous analyst “Stillman” compared BTC’s price 2018 3-day chart versus its current 10-hour chart and found similarities that point to a Bump and Run reversal bottom.Source

A crypto legal expert is predicting that Ripple’s native token XRP may face a supply shock if the San Francisco-based firm settles its lawsuit with the U.S Securities and Exchange Commission (SEC). In a new video, lawyer and XRP supporter Jeremy Hogan discusses a scenario in which Ripple is able to settle its legal battle with the SEC and how that turn of events could impact XRP. “I believe that a settlement agreement would likely include Ripple paying a penalty, but a penalty specifically limited to dates pre-lawsuit. A settlement would likely not include disgorgement of profits to purchasers because of the impossibility of figuring out how to disperse the funds. A settlement could also very well contain a term which includes limitations on the sales of XRP released from escrow. Source

Bitcoin price just saw the worst high timeframe correction in years, falling sharping by 50% and instilling fear across the market. The turn in sentiment has everyone guessing where the now bearish cryptocurrency could fall to, but according to past cycles, it could get a lot worse before it gets better. Here’s more on why Bitcoin price could fall back toward $14K before the bear phase is over.Bitcoin Yearly Candle Turns Bearish, But What About The Bull Market?
The arguments are all similar: if that was the top in Bitcoin this was the shortest and weakest bull market yet. The cryptocurrency would have fallen short of expectations by hundreds of thousands of dollars.
That thought alone could result in some extremely bearish sentiment – even more negative than what’s going on across the market currently.Related Reading | Bulls Beware: Bears Have Only Now Taken Control Over Bitcoin
There are calls for $20K BTC as the bottom, which would be another 50% from here. Another sizable drop seems unlikely given the potential the asset has, but as a “highly speculative” asset Bitcoin is extremely volatile.
That volatility could result in a full retracement back to $14K. Source

Bitcoin could be heading towards a significant price boost, at least according to several on-chain features. Miners have ceased disposing of their coins, and so have long-term hodlers. At the same time, the Stablecoin Supply Ratio has dropped substantially lately.
Miners and Long-Term Holders Refuse to Sell
Apart from being the backbone of the Bitcoin network, miners also have a notable role when it comes down to the price of the underlying asset. As previously reported by CryptoPotato, they can impact BTC’s price quite negatively once they decide to sell off massive portions at once.
This was the case earlier this year when BTC firstly breached $40,000. However, reports exemplified their sell-offs, which led to an immediate market correction.
Nevertheless, more recent on-chain data suggest that miners have stopped selling. According to CryptoQuant, miners have disposed of larger portions in mid-May, during the latest market crash, but are currently holding their bitcoins. Source