Data shows the cryptocurrency sector has seen a large amount of liquidations following the volatility that Bitcoin and others have gone through in the past day. Bitcoin Has Seen A Rollercoaster Over The Last 24 Hours The past day has been a wild time for Bitcoin and the cryptocurrency market as a whole as prices have displayed some notable volatility. BTC, especially, has gone through quite the rollercoaster, with its price seeing swings in both the up and down direction. Related Reading: Bitcoin RSI Dips Below 30—Is A New All-Time High Next? Below is a chart that shows how the recent price action has looked for the number one digital asset. As is visible in the graph, the Bitcoin price first went down to a low of $100,400 from a high around $105,800 and then witnessed a recovery run back to $104,100. The coin is still overall down during the past day, but its loss stands at less than 2%. The other cryptocurrencies haven’t been so lucky, as their prices haven’t quite retraced to the same degree. Ethereum is still down almost 6% and Dogecoin about 7%. The volatile storm in the sector has come following a public feud between US President Donald Trump and Tesla founder Elon Musk. The spat began when the former said in an Oval Office meeting that he was ‘disappointed’ in the latter over his criticism of the One Big Beautiful Bill Act. Musk had previously called the bill a ‘disgusting abomination.’ The two let sparks fly on social media, with the SpaceX founder even accusing the President of being in the Epstein files. “That is the real reason they have not been made public,” said Musk in an X post. Crypto Liquidations Have Neared A Billion With all the volatility that has gripped Bitcoin and company during the past day, it’s only to be expected that the derivatives market would feel the impact. According to data from CoinGlass, a mass amount of liquidations have piled up on the various centralized exchanges. “Liquidation” here naturally refers to the forceful closure that any open contract has to go through if it amasses losses of a certain percentage. As displayed in the table, the cryptocurrency market has seen liquidations amounting to a whopping $970 million over the last 24 hours. Out of these, a staggering $854 million, representing 88% of the total, came from the long investors alone. This is naturally down to the fact that prices as a whole have gone down during this window. Related Reading: Solana’s Old Hands Are Moving—Is Trouble Brewing? Like usual, Bitcoin and Ethereum have led the sector in liquidations, contributing $346 million and $286 million, respectively. A mass liquidation event is popularly known as a ‘squeeze.’ Considering that the longs have made up for an overwhelming majority of the latest event, it could be termed a long squeeze. Featured image from Dall-E, CoinGlass.com, chart from TradingView.com
The current streak of three consecutive trading weeks of inflows has accounted for approximately 25% of the total net inflows since the spot Ether ETFs launched in July 2024.
Bitcoin price has recovered from intraday lows and surpassed the $104,000 mark after the US and China reached an agreement to launch a new round of trade talks. Both US President Donald Trump and Chinese President Xi Jinping confirmed the news in a phone call earlier today. Trump said on Truth Social that the meeting …
Cardano has managed to find temporary support above the $0.6 mark, a level where buyers have consistently stepped in to defend the price from further losses. However, despite this, the broader price structure remains bearish, and the ADA price continues to struggle beneath key resistance levels. Here’s a closer look at what the charts are …
Bitcoin is showing signs of recovery after a brief but sharp dip triggered by recent market turbulence linked to public tensions between Donald Trump and Elon Musk. The price of BTC had dropped to nearly $100,000 during the height of the reaction, but has since rebounded. At the time of writing, Bitcoin is trading at $104,891, marking a steady recovery from the 24-hour low. While the broader crypto market continues to digest the fallout, new data suggests that another force, miner activity, is beginning to shape the near-term outlook. Related Reading: Bitcoin Pullback or Setup? On-Chain Metrics Hint at What’s Coming Next Bitcoin Surge in Miner Inflows Could Pressure Price Action According to on-chain analytics published by CryptoQuant contributor CryptoOnchain, Bitcoin miners have dramatically increased the volume of BTC transferred to exchanges. Between May 19 and May 28, miner-to-exchange inflows exceeded $1 billion per day, levels not seen in previous market cycles. These inflows are often viewed as a proxy for miners’ intent to sell, which could influence short-term supply dynamics and introduce added volatility to BTC’s spot market performance. The rise in realized inflows from miners to exchanges is interpreted as a sign of growing sell-side pressure. Since miners are key liquidity providers in the Bitcoin ecosystem, large-scale transfers to exchanges are typically seen as preparations to offload BTC. Historically, spikes in miner outflows have preceded periods of downward price pressure, particularly when they occur alongside fragile market conditions. CryptoOnchain emphasizes that while miner selling isn’t inherently negative, it can impact short-term price stability. As a result, traders and investors often monitor these flows to better assess potential risks. When miner inflows surge, it reflects the sector’s sentiment regarding profitability, operational stress, or anticipated price changes. CryptoOnchain noted: Paying close attention to these inflows—especially during historical peaks like the current phase—can help with risk management and more informed trading decisions. Hash Ribbon Signal Suggests Longer-Term Opportunity Amid rising sell pressure, another indicator is flashing a potential opportunity. CryptoQuant analyst Darkfost noted that Bitcoin’s Hash Ribbons indicator, a metric derived from comparing 30-day and 60-day moving averages of network hashrate, has recently produced a new buy signal. This metric is used to evaluate miner stress and recovery phases, and is generally interpreted as a signal that miners have gone through a period of capitulation and are now stabilizing or recovering. This signal has historically aligned with favorable long-term entry points, except in unique events like China’s 2021 mining ban. While the short-term effects of mining stress may contribute to price weakness, analysts suggest that these periods often set the stage for longer-term rallies. When miner capitulation resolves, it can clear excess supply from the market and establish stronger support levels. Featured image created with DALL-E, Chart from TradingView
JAN3 founder Samson Mow says Elon Musk should go all in on Bitcoin before “they freeze his fiat assets.”
Ripple recently moved over 230 million XRP, valued at around $498 million, to an unknown wallet, sparking excitement across the crypto space. The transaction was flagged by Whale Alert, with many speculating it could be a strategic transfer by Ripple or a massive whale move. While the destination wallet remains unidentified, the sheer size of …
Donald Trump, often called “The Crypto President,” has reportedly earned over $1 billion from crypto ventures in less than a year, significantly increasing his fortune. According to a Forbes report published on June 5, Trump’s net worth has now reached $5.6 billion, with nearly half of his liquid assets linked to cryptocurrencies. Donald Trump is …
Bitcoin dipped to $103,450 yesterday, wiping out about $1 billion in leveraged bets over the past 24 hours. Many traders hurried to sell, but the fall was short-lived. Related Reading: Bitcoin Reserve Gets Military Nod, Senator Predicts Explosive 10-Year Surge Bitcoin found its footing and climbed back to $104,400 by the time this report was filed. According to a recent analysis by crypto researcher Klarch, this pullback was expected and might just be a pit stop before another run to fresh highs. Recurring Cycle Patterns Based on examination by Klarch, Bitcoin tends to follow a familiar path after each halving. One year after the 2016 halving, it rose about 280%. After the 2020 halving, it jumped roughly 550% in 367 days. Right now, Bitcoin has only moved up around 70% in the 416 days since the last halving. Klarch points out that in past cycles, these numbers picked up speed after a slow start. So, he says, there’s still room for more growth. Bitcoin cycles are identical… – In 2016, $BTC grew by 280%, 365 days after Halving – In 2020, $BTC grew by 550%, 367 days after Halving – Now, 416 days post-Halving, $BTC +70% — growth ahead… History repeats, here’s $BTC’s near future???????? pic.twitter.com/wshX4egwbC — Klarck (@0xklarck) June 5, 2025 These percentages matter because they hint at what might come next. If Bitcoin’s history repeats, the best gains could be just around the corner. Information from blockchain data supports this too. For example, trading volume and on-chain addresses hit new highs in recent weeks. That fits the pattern Klarch described—after the initial rise, there’s often a bigger rally. Signs Of The Next Surge Bitcoin set a record of $112,100 on January 20, then edged up to $111,980 on May 22. Rather than signaling an end, Klarch believes these milestones mark the start of a higher peak. He sees those moves as part of the cycle’s build-up, not its climax. Based on his chart work, each cycle has multiple tops before it finally tops out. Klarch didn’t offer an exact date for a new peak, but he did suggest that Bitcoin has not yet hit its ceiling. He notes that a series of all-time highs usually happens when sentiment is still turning positive. Once more traders feel FOMO, the price often accelerates rapidly. Related Reading: Bitcoin Network Activity Booming Despite A Quiet Market—Data Demand And Liquidity Driving Price Liquidity pouring into the crypto market has been a key talking point. Klarch says that steady buys from institutions and US Bitcoin spot ETFs have made Bitcoin scarcer on exchanges. Michael Saylor’s Strategy and other big money players keep buying, which pushes supply lower. Based on figures presented by Klarch, this trend could lift Bitcoin to around $180,000—a rise of about 75% from current levels. VanEck, an asset manager, has shared a similar target. That makes Klarch’s outlook feel less like a lone voice. If big funds keep moving in and retail interest stays high, Bitcoin’s price might stay on the upswing. However, any pause in ETF inflows or a sudden shift in global markets could change that story. Featured image from Imagen, chart from TradingView
The SUI price triggered a strong reversal before the daily close, pushing the levels back within the bullish zone. The token had entered a phase of tightening price action, hinting at a potential breakout or breakdown. In the times when the broader market sentiments remained uncertain, the current reversal presents a compelling case for the …
Crypto Insight UK has doubled down on a forecast that XRP must endure one last, violent shakeout before launching toward a long-awaited $10 milestone. In his latest video, the British analyst warned that “the most dense liquidity I’ve seen in a long time for XRP” still sits uncollected beneath current spot prices. Until that pool is swept, he argues, the market will not unlock the upside move he ultimately expects to carry the token into double-digit territory. XRP Needs One Last Flush “XRP didn’t come down as low as we wanted,” he told viewers. “It did hit the first key area of liquidity, but it didn’t take it all. That makes me think we’ve got continued downside.” In his own trading plan, the analyst has resting bids at roughly $2.01 and $1.95—a zone he believes will be tested once leveraged longs capitulate. Only after that “final flush,” he contends, can a rally toward $10 begin in earnest. The call comes amid broader cross-asset strength that has so far failed to translate into a sustained altcoin breakout. Silver is challenging decade-old highs near $36 an ounce, uranium contracts are pressing their recent peaks, and the Nasdaq Composite remains within sight of its all-time high. Yet despite what he calls “a broad-based commodities rally,” the analyst maintains that crypto still needs one more washout to clear residual excess. Related Reading: What Happens To The XRP Price If The 2017 Fractal Plays Out Again? Macro-political drama, he suggests, is only accelerating that process. He cited the public clash between Elon Musk and US president Donald Trump—sparked by Trump’s proposal for a four-trillion-dollar spending bill and Musk’s claim that Trump’s name appears in sealed Epstein files—as a narrative that briefly rattled risk markets. “If it brings the price to where I want it to go, fantastic,” he said dryly. “That’s all we’re looking at here.” On Ethereum he sees a similar dynamic. Open interest in ETH futures remains at all-time highs, a sign in his view that institutions are accumulating spot while shorting derivatives to hedge—a trade that could unwind violently should ETH pierce the $2,800 level. “When we get this squeeze to the upside,” he predicted, “we’ll see a fast move back toward all-time highs for ETH, probably toward $4,500 before you know it.” Related Reading: The Worst Case For XRP This Cycle? Just A Giga Rally To $19, Says Analyst Bitcoin, for its part, has already waded into the analyst’s preferred liquidity zone just above $100,000. Whether the flagship asset needs another dip, he said, is less important than what happens to its dominance. A brief surge in bitcoin market share toward 65.5% would, in his model, coincide with an XRP capitulation and set the stage for “crazy season,” his shorthand for a full-blown altcoin cycle. The hinge is XRP liquidity. Viewers were shown heat-map snapshots highlighting concentrated stop-loss orders beneath the May swing low. “People came long here after they thought, ‘Oh, the bottom’s in.’ That’s added to this liquidity below us,” he said. Until that layer is removed, he remains “80% sure” that price will probe lower—even though his own portfolio is almost entirely in spot XRP. “I’m on the side of wanting it to go,” he acknowledged. “If it goes up now, I’m happy. But I’d be highly surprised if we don’t get that push down.” Still, his end-point is unequivocally bullish. Once the liquidity has been harvested, he foresees a textbook bullish divergence on the daily relative-strength index—“lower low on price, higher low on RSI”—that would ignite what he calls the “next big push.” In that scenario, XRP would not merely revisit its 2021 peak near $3.80; it would overshoot to the analyst’s long-standing $10 target. “Let it send,” he concluded. At press time, XRP traded at $2.17. Featured image created with DALL.E, chart from TradingView.com
The price of Official Trump coin briefly spiked 6% before pulling back, following Eric Trump saying the team "remain focused on building the most exciting MEME on earth."
As political tensions between US President Donald Trump and Elon Musk escalated yesterday, the Bitcoin (BTC) market experienced a sharp shift in sentiment, with the funding rate on Binance flipping from positive to negative within hours. Bitcoin Funding Rates Turn Negative On Binance According to a CryptoQuant Quicktake post by contributor Darkfost, BTC funding rates on Binance have once again turned negative, even as the top cryptocurrency continues to trade above the $100,000 mark at the time of writing. Related Reading: Bitcoin Upward Momentum ‘Highly Likely’ To Continue, On-Chain Data Shows The analyst attributed the sudden reversal in funding – from +0.003 to -0.004 – to the public spat between Trump and Musk on social media. This rapid shift reflects growing fear among market participants amid heightened uncertainty. Following the sentiment shift, BTC fell from the mid-$100,000 range to a low of $100,984, according to CoinGecko. Over the past two weeks, the asset has declined by 4.1%. That said, the current dip may offer a prime buying opportunity to investors. If Bitcoin rebounds strongly, it could result in a strong resurgence in buying pressure, leading to a short squeeze that may propel BTC’s price further up. Darkfost highlighted that there have been three instances during the current market cycle when BTC witnessed such deep negative funding. Notably, each of these instances were followed by a strong upward move in the cryptocurrency. For example, on October 16, 2023, BTC dipped into negative funding territory before rallying from $28,000 to $73,000. A similar pattern played out on September 9, 2024, when the asset surged from $57,000 to $108,000. The most recent case was on May 2, 2025, when BTC jumped from $97,000 to a new all-time high (ATH) of $111,000. If history repeats, then the market may see a new ATH for BTC in the coming weeks. Darkfost noted: Such extreme readings often mark moments of maximum pessimism, precisely the kind of sentiment that can precede a strong bullish reversal when the short term negativity is gone. Large Investors Increase BTC Exposure Meanwhile, Bitcoin whales – wallets holding large amounts of BTC – continue to accumulate at a rapid pace. Notably, new whales have acquired BTC worth $63 billion, reflecting strong confidence in the asset’s near-term prospects. Related Reading: Bitcoin Hash Ribbons Indicating Prime Buying Opportunity, Analyst Says Supporting this bullish outlook, recent analysis by QCR Capital indicates that large investors expect BTC to surge to as high as $130,000 by the end of Q3 2025. Additionally, the realized cap held by long-term holders has surpassed $20 billion, reinforcing positive sentiment. That said, some analysts urge caution, expecting BTC to crash below $100,000 before resuming its bullish momentum. At press time, BTC trades at $104,069, down 0.5% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Singer-songwriter Jonathan Mann recently shared the story of how earning millions in Ethereum (ETH) during a one-hour sale of his NFTs eventually became a “tax nightmare.” Mann has published one song a day over the past 17 years and released his 6,000th song on June 5, which was about the purported nightmare resulting from the […]
The post Song A Day creator recounts ‘tax nightmare’ after making millions from NFT sale appeared first on CryptoSlate.
Bitcoin (BTC) dropped sharply over the past 24 hours, nearing the $100,000 mark with an intraday low of $100,984. This price movement reflects increased volatility across the crypto market following a public exchange on social media between US President Donald Trump and Tesla CEO Elon Musk. Their clash appears to have triggered a wave of risk-off sentiment among traders. In response, the global crypto market cap slipped 4%, falling from over $3.4 trillion yesterday to $3.33 trillion. Meanwhile, the broader market correction has not gone unnoticed in derivatives data. Related Reading: Crypto Analyst Warns: This Bitcoin Bull Cycle Looks Nothing Like 2017 or 2021 Derivative Metrics Reveal Bearish Sentiment Spike According to CryptoQuant analyst Darkfost, the Binance net taker volume, a metric that measures the difference between aggressive longs and shorts, fell dramatically from $20 million to -$135 million in under eight hours. This signals a sharp pivot in sentiment, as traders rushed to hedge or speculate on downside risk in response to the unfolding news. Darkfost emphasized that this was the largest intraday net taker volume reversal observed on Binance this year. The abrupt shift reflects how quickly sentiment can change when macro-level narratives or influential figures dominate headlines. In this case, the market responded swiftly to perceived uncertainty, leading to a concentration of short positions and significant selling pressure. The situation also led to a notable change in BTC perpetual futures funding rates. Funding on Binance turned negative after briefly trending toward positive territory, dropping from +0.003 to below -0.004. This indicates that short sellers were willing to pay a premium to maintain bearish positions, underscoring rising fear and potentially overextended downside bets. ????When Funding rates turns negative. ???? Buying or considering a long position is often wise when funding rates turn highly negative, especially if the price starts to trend upward. This typically signals a disbelief sentiment among traders, creating strong contrarian… pic.twitter.com/LGyHU9uNNK — Darkfost (@Darkfost_Coc) June 6, 2025 Bitcoin Past Patterns Suggest Potential for Reversal Historically, deeply negative funding rates have been followed by strong recoveries in Bitcoin’s price. Darkfost noted three previous events where similar funding shifts led to large rallies: October 2023 (BTC surged from $28,000 to $73,000), September 2024 (from $57,000 to $108,000), and May 2025 (from $97,000 to $111,000). Related Reading: Bitcoin’s Key Investors Double Down, Buy Another 79,000 BTC While not guaranteed, these patterns suggest that extreme pessimism can sometimes signal market turning points. The only recent exception occurred in March 2025 following trade tariff announcements, which led to a continued decline. Still, many traders are watching closely for signs of a short squeeze, where price rebounds force short sellers to cover, amplifying upward momentum. Featured image created with DALL-E, Chart from TreadingView
President Donald Trump and Elon Musk’s fallout caused a major spikes in memecoin launches and trading, with the largest tokens by trading activity generating over $355 million in volume over the past 24 hours, according to DEX Screener data. As traders seized on the pair’s high-profile social media clash using Solana’s ecosystem, Official Trump (TRUMP) […]
The post Trump–Musk feud becomes memecoin meta, leads to surge in trading volume appeared first on CryptoSlate.
Ethereum (ETH) price experienced a similar volatility to Bitcoin (BTC) in the past 24 hours, following the feud between Elon Musk and U.S. President Donald Trump. The large-cap altcoin, with a fully diluted valuation of about $300 billion and a 24-hour average trading volume of about $18.5 billion, rebounded from a crucial support level of …
After days of fluctuating around the $105,000 range, Bitcoin appears to be succumbing to pressure from bears and profit-taking from traders. The most recent 24 hours were marked by Bitcoin losing its hold on the $105,000 price level, crashing until it rebounded at a lower support range around $101,000. However, technical analysis of Bitcoin’s daily candlestick timeframe chart shows that this price level is increasingly under threat, and a formation is currently in place that could lead to a price crash towards $96,000. Bitcoin Head And Shoulders Pattern Forming Crypto analyst Titan of Crypto has highlighted what is a textbook head and shoulders formation on the daily chart. This bearish pattern, if completed, would imply a breakdown toward the $96,000 price zone, according to the analyst. Related Reading: Major Bitcoin Price Drop Alert: Crash To $98,000 To Fuel Altcoin Buying Opportunity The setup is clearly defined by a peak (head) around mid-May that is flanked by two lower highs (shoulders) on either side, all sitting atop a slanted neckline that now acts as the last line of support. As of now, Bitcoin is trading just above this neckline, testing its structural integrity. In technical analysis, a clean break below the neckline accompanied by strong volume often activates the measured move from the head’s peak to the neckline, projected downward. Based on the chart, that drop points directly to $96,054. This puts Bitcoin at risk of a near 8% drawdown from current levels, with little support in between. Aside from this formation, Bitcoin’s daily RSI is currently around the 50 reading, which is a zone that often triggers reactions. As such, a drop below this midline will confirm a bearish shift in momentum. Bitcoin Price Action Closing On Bearish Mode If Bitcoin does collapse toward the $96,000 level, it would mark a departure from the bullish strength that dominated its price just two weeks ago when it registered a new all-time high at $111,814. Since then, however, Bitcoin has lost subsequent support levels at $110,000, $107,000, and $105,000, which now places the next zone of importance at $103,000. Should Bitcoin fail to hold above that threshold, the pressure would likely shift toward the $101,000 level, which could act as the final buffer before steeper declines. Related Reading: Bitcoin Price Crash Below $100,000 Still Possible: Analysts Issue Downtrend Warnings Interestingly, the neckline level of the inverse head and shoulders pattern highlighted by crypto analyst Titan of Crypto is around the $103,500 price level. Bitcoin broke below this price level in the past 24 hours, but the bulls managed to prevent further losses below $101,700. This has led to the creation of lower lows on the daily timeframe. At the time of writing, Bitcoin is trading at $103,250, which means it is back to testing the neckline resistance from below. Its reaction here would determine if it eventually crashes toward $96,000. If sellers take control at this level, it would not only confirm the head and shoulders breakdown but could also lead to a short-term capitulation across other cryptocurrencies. Featured image from Getty Images, chart from Tradingview.com
After a major downfall in the relationship between the two most powerful pro-crypto individuals, Elon Musk and Donald Trump on Thursday, Bitcoin (BTC) has led the wider crypto market in heightened volatility. The flagship coin teased below $101k in the past 24 hours before rebounding from the support level above $101,500 to trade about $104,543 …
The series’ website issued a notice in May warning of a “fraudulent cryptocurrency scheme” using its branding to lure investors.
Eric Trump announced that World Liberty Financial, the DeFi platform linked to President Donald Trump and his family, will take a significant treasury stake in the Official TRUMP memecoin. He also confirmed that the controversial Trump-branded wallet recently unveiled by the team behind the memecoin would not continue development. Wallet project nixed The announcement comes […]
The post Eric Trump says WLFI will acquire TRUMP for treasury, unofficial wallet project nixed appeared first on CryptoSlate.
Gemini’s November 2021 fundraise of $400 million valued the exchange at $7.1 billion, though it has had challenges since.
Bitcoin has continued to show strength amid rising macroeconomic uncertainty, with surging U.S. bond yields and escalating global tensions keeping markets on edge. However, recent political drama has injected new volatility into the crypto space. The world’s leading cryptocurrency experienced a sharp 5% pullback after a highly publicized clash between Elon Musk and US President Donald Trump unfolded on the social platform X. The dispute, centered around the “Big Beautiful Bill” criticized by Musk, quickly triggered reactions across financial markets. Related Reading: Solana Horizontal Support Under Pressure – Bearish Target At $142 According to top analyst Darkfost, last night marked the most significant shift in trader behavior on Binance so far in 2025. As the political spat gained attention, traders responded rapidly, viewing the event as a risk-off signal. The fallout was immediate in the derivatives market, where Binance’s net taker volume plunged from $20 million to -$135 million in under eight hours. This dramatic shift marks the largest net taker volume decline of the year, highlighting just how sensitive crypto traders remain to political developments. While Bitcoin holds key levels for now, market participants are watching closely to see if this pullback will deepen or become a launchpad for the next move higher. Bitcoin Rebounds From $100K Support But Faces Resistance Ahead Bitcoin is once again at a pivotal point after rebounding from the $100,000 support level and climbing to the $103,000 range, showing resilience despite recent volatility. The move signals strength among bulls, but the broader market remains cautious as all eyes turn to the $112,000 all-time high. A breakout above that level could ignite a new leg up, but failure to maintain momentum may lead to a deeper correction below current demand levels. Macroeconomic conditions continue to weigh on market sentiment, with rising US bond yields and escalating geopolitical tensions—particularly the public clash between Elon Musk and US President Donald Trump—injecting uncertainty into global risk assets. The reaction was clearly visible in the crypto derivatives market. Top analyst Darkfost reported that the net taker volume on Binance experienced a record shift, plunging from $20 million to -$135 million in under eight hours. This marks the largest decline in directional sentiment seen in 2025. The net taker volume reflects the imbalance between aggressive longs and shorts, and such a steep drop points to traders rapidly flipping bearish. This sharp reversal indicates fear-driven positioning. However, should Bitcoin rebound convincingly, it could trigger a cascade of short liquidations, potentially fueling a strong rally toward new highs. Related Reading: Ethereum Mirrors Bitcoin 2020 Breakout Setup – Historic Run Incoming? Price Action Details: Testing Key Level The 4-hour Bitcoin chart shows a strong rebound after briefly breaking below the $103,600 support level. BTC dipped as low as $101,159 before buyers stepped in aggressively, driving the price back to $103,826 at the time of writing. This bounce came precisely at the 200-period moving average (red line), signaling that bulls are still defending key demand zones despite recent volatility. The recovery candle printed with rising volume, suggesting renewed interest and a potential short-term trend reversal. However, Bitcoin still faces critical resistance ahead, with the 50, 100, and 200 EMAs (green, blue, purple lines) now acting as dynamic resistance between $104,600 and $107,000. A close above these levels would confirm strength and could open the door for a retest of the $109,300 resistance. Related Reading: Solana Analyst Sets $300 Target – Can Bulls Sustain A Rally? For now, the price action indicates a high-stakes battle between bulls and bears. If BTC holds above $103,600 and builds momentum, the market could regain confidence and push higher. However, failure to reclaim the moving averages may signal exhaustion and expose the price to another retest of the $100K psychological level. Featured image from Dall-E, chart from TradingView
ETF issuers say abandoning the long-held first-to-file method stifles innovation and rewards lazy behavior on the part of filers.
Spot Ethereum (ETH) exchange-traded funds (ETFs) notched a 14-session streak of net inflows as of June 5, fueled by investment advisors and hedge fund managers. According to Bloomberg data shared by ETF Store CEO Nate Geraci, Ethereum ETFs since May 20 added roughly $812 million. This movement resulted in total net inflows of over $3 […]
The post Spot Ethereum ETFs post 14-day inflow run, lifting year-to-date haul above $3B appeared first on CryptoSlate.
Digital asset industry advocates supported congressional candidates in Florida’s special elections in April, and now New Jersey prepares to elect its next governor.
Dogecoin took a hard hit this week as tensions flared between Elon Musk and US President Donald Trump. Prices slid sharply, and red numbers dominated the market. Traders who had been riding the hype found themselves on the losing end. It was a week many will remember for how politics and memes intersected in unexpected ways. Related Reading: $500M Bet On Solana: Education Platform Aims To Supercharge Its Treasury Musk And Trump Clash According to public posts, Elon Musk officially left the Department of Government Efficiency (DOGE) on Thursday. That move came after he criticized Trump’s spending bill. He had been co-leading that department since late 2024. Their back-and-forth heated up after Trump said he was “very disappointed” in Musk. ????TRUMP: “I’m very disappointed with Elon. I’ve helped him a lot. He knew the inner workings of the bill better than anybody sitting here. He had no problem with it. All of a sudden he had a problem & he only developed the problem when he found out we’re going to cut EV mandate” pic.twitter.com/aeCcmCAODQ — DogeDesigner (@cb_doge) June 5, 2025 In response, Musk claimed Trump would not have won the election without his support. Then Trump called Musk “CRAZY” and threatened to cancel Tesla and SpaceX contracts. Musk fired back on X with, “Go ahead, make my day.” He even warned he might decommission SpaceX’s Dragon spacecraft. Musk Mentions Epstein Documents Based on posts on X, Musk also said that files about Jeffrey Epstein’s case have stayed secret because Trump’s name appears in them. That claim added another layer to the feud. It wasn’t just about spending anymore. Now there was an allegation tying the US President to sealed Epstein investigations. Trump replied that he would pull any contracts with Musk’s companies. Time to drop the really big bomb:@realDonaldTrump is in the Epstein files. That is the real reason they have not been made public. Have a nice day, DJT! — Elon Musk (@elonmusk) June 5, 2025 Dogecoin Price Plunge Based on reports, Dogecoin fell about 11% on Thursday alone. Over the past week, it was down 16% from its recent highs. Traders pointed to Musk’s political exit as a key factor. Many still see Dogecoin as “the people’s crypto” because of Musk’s early support. But without his backing in that government role, sentiment soured quickly. It’s a coin that has no real asset behind it, so any shift in hype can send prices tumbling. A drop of this size is rare, yet it felt inevitable once the Musk-Trump feud spilled into public view. Tesla Shares Slide Elon Musk’s companies did not escape the fallout. Tesla stock closed down 13% on Thursday. That tumble came after Trump signaled he would pull federal contracts from any company owned by Musk. Investors feared lost revenue and stiffer regulatory oversight. Tesla shares had been riding high this year, but angry tweets from Trump were enough to shake confidence. Even a short phrase on X can move markets—especially when it involves a figure as polarizing as Trump or Musk. Related Reading: Bitcoin Reserve Gets Military Nod, Senator Predicts Explosive 10-Year Surge Crypto Market Liquidations Meanwhile, the broader crypto market also felt a jolt. According to Coinglass data, total liquidations reached $982 million in a single day. Of that, long liquidations—bets on rising prices—totaled $881 million. Short positions, or bets expecting prices to fall, saw losses of $100 million. That level of liquidation is striking, and it showed how quickly nerves can fray when big personalities clash. Bitcoin and many altcoins slid alongside Dogecoin, creating a chain reaction of forced sell-offs. Featured image from Allison Robbert and Saul Loeb/AFP, chart from TradingView
Stablecoin issuer Circle's stock skyrocketed out of the gate, beating the initial public markets performance of tech giants.
Eric Trump, the Executive Vice President of the Trump Organization, has announced a strategic partnership between the World Liberty Finance (WLFI) and the Official Trump ($TRUMP) memecoin. According to an X post on Friday, Eric announced that World Liberty Finance and the TRUMP meme project will align for mutual long-term success. As a result of …
Arca's chief investment officer, Jeff Dorman, previously said the investment company would stop doing business with Circle.