🚀 Major Crypto Moves of the Week 1. Bitcoin (BTC) Surges P | ProMoooN on Binance Square

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🚀 Major Crypto Moves of the Week
1. Bitcoin (BTC) Surges Past $100,000
2. Coinbase Acquires Deribit for $2.9 Billion
3. XRP Experiences Notable Gains
📈 Current Prices of Major Cryptocurrencies
🏆 Best Trade of the Week
Bitcoin's Surge Past $100,000

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Crypto Market Faces Broad Selloff: Layer 2s, Gaming Tokens, and Memecoins Plunge The cryptocurrency market is undergoing a sharp correction as Bitcoin (BTC) retreats from its recent high above $111,000 to around $105,000. This decline has triggered widespread losses across altcoins, with Layer 2 tokens, gaming projects, and memecoins all suffering steep drops. Layer 2s See Steep Losses Layer 2 scaling solutions have been hit hard, with the sector's total market cap dropping 7.34% to $13.54 billion. Stacks (STX) leads the fall with a 19.95% weekly loss, trading at $0.7861. Optimism (OP) and Arbitrum (ARB) have dropped 14.88% and 13.63%, respectively. Most Layer 2 tokens are down across all timeframes, signaling systematic selling rather than project-specific issues. Gaming Tokens Under Pressure Gaming and metaverse tokens are also reeling. Render (RENDER), known for its distributed GPU computing services, is down 19.94% this week to $4.15. Immutable (IMX), which focuses on gaming NFTs, has slid 18.37% to $0.5763. Even minor gainers like Four (FORM), up 0.41% weekly, are seeing hourly and daily losses. Memecoins Take a Beating Meme coins haven't escaped the downturn. Dogecoin (DOGE) is down 16% weekly to $0.2042 and 9.14% in 24 hours. Shiba Inu (SHIB) and Pepe (PEPE) have dropped 13.39% and 17.41%, respectively. Newer tokens like Bonk (BONK) and Fartcoin have fallen 22.74% and 28.23%. Drivers of the Selloff The pullback appears to be driven by profit-taking, macroeconomic uncertainty, and a lack of fresh catalysts. U.S. trade concerns, potential GDP contraction, and the $5B FTX creditor repayments are adding pressure. The Bitcoin 2025 conference also concluded without major developments, dampening investor sentiment. #Memecoins🤑🤑

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Trump Media Closes $2.44B Deal to Build Bitcoin Treasury, DJT Shares Jump 5.6% Trump Media & Technology Group (DJT), the parent company of Truth Social, announced on Friday that it has secured $2.44 billion in funding to establish a Bitcoin (BTC) treasury. The stock responded positively, reversing early losses to close up 5.6% on the day. The company raised the capital by selling nearly 56 million shares at $25.72 each and issuing $1 billion in 0% convertible notes due in 2028. The fundraising round drew participation from around 50 institutional investors. Yorkville Securities and Clear Street led the placement, while Cantor Fitzgerald served as financial advisor. Trump Media plans to allocate $2.32 billion of the net proceeds to purchase Bitcoin, joining the ranks of publicly traded companies adding crypto assets to their balance sheets. Crypto.com and Anchorage Digital will provide custody for the digital assets. This move aligns DJT with a trend popularized by MicroStrategy (MSTR), which has accumulated over $60 billion in Bitcoin using a mix of equity and debt funding. Trump Media’s strategy indicates growing institutional confidence in Bitcoin as a treasury reserve asset. Earlier this year, the company revealed plans to expand into financial services with a focus on cryptocurrencies and customized exchange-traded funds (ETFs). It also announced intentions to collaborate with Crypto.com to roll out its ETF products. With this significant Bitcoin treasury move, DJT positions itself not only as a media player but as a serious participant in the evolving digital asset space. #DonaldTrump

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The cryptocurrency market continues to face strong downward pressure as global economic uncertainty weighs heavily on digital assets. Avalanche (AVAX) is among the hardest hit, with intensified selling activity creating solid resistance at $22.35 amid high trading volume. In a notable development, Bergen County in New Jersey has announced a partnership with blockchain software company Balcony to digitize all property deeds using the Avalanche network. The initiative spans five years and signals a promising real-world application of blockchain technology despite current market conditions. Technical Analysis: AVAX has seen a sharp decline, falling from $23.04 to $21.48 over the last 24 hours, marking a 6.78% loss. A robust resistance level has formed at $22.35, supported by exceptionally high trading volume (2.24 million). Repeated recovery efforts were halted near the $21.88 mark, reinforcing it as a key short-term resistance point. Support is developing in the $21.32–$21.40 range, with signs of rising buy-side interest. A short-lived rally to $21.53 occurred on a surge in volume, indicating active trading but limited upward momentum. The price has tested the $21.45–$21.47 range multiple times, suggesting the potential formation of a consolidation zone. While Avalanche faces technical resistance and broader market headwinds, institutional interest—such as Bergen County’s integration initiative—offers a counterbalance and long-term growth narrative. Still, in the short term, traders should watch for further consolidation and volume signals around the $21.40 zone. #AVAX✈️ #AVAX✅ $AVAX

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GameStop Buys $512M in Bitcoin to Establish Corporate Crypto Treasury Video game retailer GameStop has taken a bold step into crypto by purchasing 4,710 Bitcoin—worth around $512 million—establishing its corporate Bitcoin reserve. The move follows the company’s successful $1.5 billion offering of convertible senior notes in early April, aimed at funding the treasury. GameStop announced the acquisition via its official Twitter account, signaling its shift toward a digital asset strategy. While the company didn’t specify in its press release that the purchase was part of its treasury plan, the timeline and context suggest it is. This marks a significant pivot for the meme stock favorite, which rose to fame during the 2021 Reddit-fueled stock market frenzy. CEO Ryan Cohen had hinted at such a move earlier this year when he was seen alongside MicroStrategy co-founder Michael Saylor, known for pioneering the corporate Bitcoin treasury strategy. MicroStrategy’s Bitcoin-first approach helped it evolve from a traditional software company to a $100+ billion firm. GameStop now appears to be following that playbook, joining other public companies like Marathon Digital, Riot Platforms, CleanSpark, and Tesla, which hold billions in Bitcoin. Beyond Bitcoin, the trend is expanding. SharpLink Gaming recently raised $425 million to invest in Ethereum, even adding Ethereum co-founder Joseph Lubin to its board. Despite the long-term vision, the market reacted sharply. GameStop’s stock (GME) dropped over 10% after the announcement, falling to $31.45. The stock had surged earlier this month following a post from “Roaring Kitty,” the face of the 2021 rally, showing the meme-driven volatility still lingers. GameStop’s bold move could either cement its place as a digital-age pioneer or mark another high-risk bet in its evolving saga. #Bitcoin2025 #BinanceAlphaAlert

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