Trade Drama, Inflation Worries, and Crypto’s Cool Head 👀
Markets were riding high with the S&P 500 nearing 6,000 and low volatility until Trump’s surprise 50% tariff threat on EU goods shook things up. A delayed implementation to July 9 steadied European and U.S. markets, but the tightened BTC volatility spread suggests caution for another policy twist. Inflation’s in focus with the upcoming PCE report and rising shipping costs from European port congestion adding pressure. Bitcoin fell to $106K but rebounded to $110K, driven by consistent ETF inflows, notably BlackRock’s IBIT. Meanwhile, tech stocks face outflows, contrasting with crypto’s resilience.
Trump’s tariff bombshell shows how fast markets can flip from chill to chaos. Crypto’s staying surprisingly steady, rebounding and pulling in ETF money like it’s unfazed. It’s almost the calm adult in the room while tech stocks wobble. But with inflation risks from shipping and PCE data on the horizon, things could get bumpy for all assets soon.
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Potential Outcomes for XPR Following its Exit from Consolidation: An Analysis of Ripple's Price
Ripple's low-volatility environment could indicate an impending breakout, setting the stage for the next major trend. XRP's current trade is confined within a crucial price range, marked by the 100-day and 200-day moving averages at $2.2, and the falling wedge's top boundary around $2.5.
This consolidation zone is critically observed by bullish and bearish investors. Should XRP gain support from these key moving averages and break above the descending wedge, it could potentially rally towards the $3.3 region. However, failure to surpass the $2.5 resistance could result in a bearish downturn, with risks falling to the $2 support level.
On a shorter timeframe, Ripple has formed a descending wedge, with the price consolidating at the lower boundary near $2.2. A break above the upper trendline could confirm a bullish breakout, potentially leading to a rally towards the $2.8 resistance.
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#Bitcoin Weekly Chart Update New Highs, Same Bull! 🚀📈
7 Green Weeks & Counting – Is $125K Next❓
✅ Unstoppable Uptrend:
Bitcoin just locked in its 7th consecutive green weekly candle, closing last week with a +2.39% gain — the highest weekly close in BTC history! The last time $BTC did this? October–November 2023, just before a major surge.
✅ Key Zones:
• Support: $100,000 and $93,000
• Resistance: $125,000 (trendline resistance)
✅ MACD Says “Go!”
A fresh bullish crossover on the weekly MACD has triggered — a signal that historically leads to powerful upside runs. The histogram is growing, hinting at growing bullish momentum.
✅ RSI Breaking Free:
The RSI (~68) just broke its long-term downtrend, and in past bull runs, it reached up to 85. If Bitcoin clears $109K this week, the RSI could fly — and so could price.
⚠️ Profit-Taking Watch:
Bulls defended the $102K zone last week despite heavy selling pressure. With that breakout, momentum is building toward the next big milestone: $125K.
Market Summary:
• Trend: Bullish
• Support: $100K and $93K
• Resistance: $125K
• 1-Year Target: $180K – $250K
Note: Trump’s tariff headlines are back in the spotlight — expect short-term volatility, but long-term momentum remains strong.
{spot}(BTCUSDT)
☕️ GM! Here are the top events in #Crypto from the past 24 hours
📊Market Updates
🔸Digital asset inflows hit $3.3B last week, led by Bitcoin’s $2.9B. XRP saw a record $37.2M outflow, ending its 80-week inflow streak.
🔸Bitcoin rebounds to $109.6K as Trump delays EU tariffs to July 9, easing trade tensions. Traders eye $120K target amid renewed optimism.
🔸Michael Saylor hints at another BTC buy as Strategy sits on $21.8B in unrealized gains, maintaining weekly accumulation amid dip below $112K ATH.
🔸DDC Enterprise buys 21 BTC as part of its plan to acquire 5,000 BTC in 3 years, aiming for 500 BTC by end of 2025. Shares fell 14% on the news.
🌟Highlights
🔸Axiom, a Solana-Hyperliquid trading platform co-founded by two recent grads, hit $100M in revenue in just four months with no native token.
🔸Cardone Capital launches 10X Miami River Bitcoin Fund, combining multifamily real estate with Bitcoin. Monthly cash flows are partially converted to BTC.
🔸Cetus hack was caused by a liquidity parameter exploit missed by an MSB overflow check, says Dedaub. $163M of $223M stolen was frozen by Sui.
🔸Coinbase faces a new class-action lawsuit from investors claiming stock losses after its May data breach disclosure and UK compliance violation.
🔸Adam Back leads a $2.2M raise for Swedish health firm H100 AB to fund Bitcoin buys, making it Sweden’s first public company with a BTC treasury.