$BTC STRUGGLES BELOW $105K – VOLATILITY BUILDING FOR THE NEXT MOVE
$BTC is currently trading at $104,720, showing signs of short-term exhaustion after a sharp rejection near $105.9K. Bulls attempted a bounce from $104K, but resistance is proving tough to crack.
Key Levels to Watch
• Resistance Zones:
$104,850 – Immediate intraday resistance
$105,200 – Key zone to flip for bullish continuation
$105,900 – 24h high and breakout barrier
• Support Zones:
$104,400 – Local support from bounce
$103,900 – 24h low and key demand zone
Trade Setup – Battle Between Recovery and Rejection
• Bullish Scenario: A clean breakout above $104,850 could push toward:
TP1: $105,200
TP2: $105,900
• Bearish Scenario: A drop below $104,400 may lead to:
TP1: $103,900
TP2: $103,200
Stop-Loss Strategy:
• Longs: Below $104,350
• Shorts: Above $104,900
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{spot}(BTCUSDT)
#CircleIPO
The pricing gives Circle a market value of $6.9 billion based on the outstanding shares listed in its filings. Accounting for employee stock options, restricted share units and warrants, the company would have a fully diluted valuation of about $8.1 billion.
The offering comes as stablecoins, digital tokens that are often pegged to the dollar or another currency, are poised to be regulated by legislation currently in front of Congress, a development that may confer greater perceived legitimacy on them. It may also draw in competitors, with some of Wall Street’s largest banks jointly exploring whether to issue their own stablecoin, the Wall Street Journal reported last month.
Circle’s USDC had about 29% of the stablecoin market as of the end of March, according to the filing citing data from CoinMarketCap. There is about $61 billion worth of the token in circulation as of May 29, its website shows.
Circle sold 14.8 million shares in the IPO
stablecoin issuers are going vertical.
@Tether_to's ecosystem moves like @PlasmaFDN , @stable & @USDT0_to make it clear that they’re not planning to stop at issuing tokens, they’re planning to absorb the full onchain payments stack: infra, distribution, and settlement.
@circle is starting to do the same with bets like @codex_pbc, and their recent ipo gives them validation to institutions in the US.
this isn’t just going to be about market share anymore, it will be about who owns the default rails for stablecoin flow.
gonna be a wild few years, and i anticipate many others will rise up for battle.
BMT Token Surges 12.6% on Binance Amid Promotions, BNB Chain Integration, and Major Token Unlock Ahead
Bubblemaps (BMT) has experienced a notable 12.60% price increase over the past 24 hours, rising from 0.1079 to 0.1215 USDT on Binance. This upward movement can be attributed to heightened interest from Binance’s Learn & Earn and staking promotions, which have increased user engagement and demand for BMT tokens. Additionally, anticipation surrounding the upcoming token unlock of 25.87 million BMT on June 11, 2025, has contributed to increased trading activity and market attention. Recent integration with the BNB Chain and the rollout of new analytics features have also supported positive sentiment and platform adoption.
Currently, BMT is trading at 0.1215 USDT with a 24-hour trading volume of approximately $24.76 million and a market capitalization of $33.46 million. The circulating supply stands at 310.73 million tokens out of a total 1 billion, and BMT is available on 25 exchanges, with Binance being the most active trading venue. The token’s recent price performance reflects both promotional activity and ongoing platform developments, while the upcoming token unlock remains a key event for market participants.