Daily Crypto & Economic Pulse – June 10, 2025
Today’s economic and political developments are shaping the crypto market. The U.S. Federal Reserve’s hint at a potential rate cut later this year has boosted investor confidence in risk assets, including crypto. Meanwhile, regulatory clarity in the EU under MiCA (Markets in Crypto-Assets) continues to strengthen institutional interest in BTC as a long-term store of value.
Bitcoin (BTC) is nearing a critical resistance level at $110K, backed by strong institutional demand. MicroStrategy (now rebranded as Strategy) has added another 1,045 BTC to its holdings, tightening supply and reinforcing bullish sentiment. Technical indicators, including a weekly Doji candle and fractal patterns resembling the 2024 ETF approval rally, suggest a potential breakout toward $120K. However, macroeconomic risks—such as stagflation fears in the U.S. and global trade tensions—could temper short-term gains.
Ethereum (ETH) is witnessing a surge in institutional interest, with a 40% spike in futures open interest over the past month. BlackRock’s spot ETH ETF continues to accumulate, holding 1.5M ETH ($2.71B), while the Gaussian Channel indicator hints at a potential rally toward $3.1K–$3.6K if bullish momentum holds. Regulatory clarity remains a key catalyst for ETH’s next leg up.
Solana (SOL) is testing key support at $140, with its recovery hindered by the 20-day EMA at $158. A breakout could target $185, but failure to hold current levels may see a retest of $123. SOL’s scalability and low-cost transactions keep it competitive, though macroeconomic headwinds pose challenges.
For investors, macro trends and tech advancements in these blockchains suggest growing utility and resilience. Watch for Fed policy shifts and regulatory updates, as they could drive the next major market move.
Stay tuned for tomorrow’s pulse!