BTC Price Dips 2% to $103,862 as Traders Eye Key Support and Await Breakout Signal
Bitcoin (BTCUSDT) is trading at $103,862.91 on Binance, reflecting a 2.02% decrease over the past 24 hours from an opening price of $106,000. The recent price decline is attributed to a combination of neutral market sentiment, reduced trading volumes, and ongoing geopolitical instability, which have led investors to adopt a cautious approach. Technical indicators show BTC consolidating near key support at $103,600, with resistance levels at $105,500 and $108,000, while the symmetrical triangle pattern suggests an imminent breakout, though direction remains uncertain. Current market capitalization stands at approximately $1.67 trillion, with a 24-hour trading volume of $28.21 billion and a circulating supply of around 19.8 million BTC. Bitcoin remains the leading cryptocurrency by market value, with traders closely monitoring macroeconomic factors and technical signals for the next significant move.
Evening News Update #Web3
🇭🇰 Hong Kong Financial Secretary Paul Chan: 976 registered funds with $44B net inflow (+285% YoY) as of March. Family offices expected to grow from 2,700 to 3,000, positioning Hong Kong as world's top cross-border asset management center within 2-3 years. Ten virtual asset platform licenses issued, eight pending.
💼 #Negentropy Capital founder Billywen.sol (@billywen_ ) announces fund dissolution and liquidation. Plans to restart as solo VC investor, citing mission to drive crypto's transformation of "traditional banks, payments, stocks and securities, even legal tender" amid liquidity drought.
🏦 UK's Baillie Gifford (£197B AUM) launches fully tokenized #UCITS fund on #Ethereum. Strategic Bond Feeder Fund serves as tokenization pilot with self-custodial wallet storage, initially available to whitelisted customers only.
📉 $BTC drops from $106K to sub-$103K amid macro pressure before slight rebound. Santiment notes retail sentiment at most pessimistic since April tariffs, potentially signaling reversal as whales accumulate during retail selling periods.
💱 Hong Kong legislator Lo Wai-kwok calls #stablecoin development a "breakthrough." Proposes expanding RMB funding pool 5x to ¥5 trillion
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FUN Token Soars 51.72% After CertiK Audit, AI Rewards, and Major Buy-and-Burn Initiative
FUNToken (FUN) experienced a significant price surge of 51.72% over the last 24 hours, rising from 0.004739 to 0.007190 (Binance data). This sharp increase is primarily attributed to recent ecosystem developments, including the completion of a CertiK audit confirming smart contract security, the launch of AI-powered reward systems, and the announcement of a major buy-and-burn strategy funded by gaming revenues. Additional drivers include the integration of an AI agent to enhance user engagement, upcoming platform expansions into mobile games and decentralized apps, and the rollout of new wallets with staking features. These innovations have increased investor interest and trading activity, as reflected in the 24-hour trading volume of $7.2 million and a market capitalization of approximately $75.7 million. The combination of proactive supply reduction tactics and expanding utility within the GameFi and iGaming sectors has contributed to heightened volatility and strong market momentum for FUNToken.
$BTC is confused, just like us.
Right now, it's stuck under 2-hour resistance, and it just made a doji.
The candle that says, I have no idea where to go.
Is it going up like dreams, or crashing down like drama?
Will it fly, or will it fall?
Nobody knows.
Not me, not you, maybe not even Bitcoin.
War or peace?
Bull or bear?
Like this post if you are watching with popcorn.
Because BTC moves fast, and hesitation costs.