#TrumpTariffs #WIF
๐ Market Highlights
Bitcoin (BTC) is trading at approximately $105,744, with analysts watching the $106,000โ$106,500 resistance zone. The MACD indicates a bearish crossover, while the RSI remains neutral, suggesting potential consolidation unless a breakout occurs.
Ethereum (ETH) has seen a significant transaction, with over 108,000 ETH (valued at ~$283 million) acquired through an over-the-counter deal by Galaxy Digital, indicating strong institutional interest.
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๐ Notable Developments
Trump's Truth Social has filed for a Bitcoin ETF, leading to a breakout above the $68,000 resistance level. Immediate targets are set at $70,000 if bullish momentum continues.
Binance Futures is launching USDโ-M perpetual contracts for $PUFFER and $PORT3 today at 08:30 and 08:45 UTC, respectively, with up to 50x leverage.
Binance Alliance has initiated a referral activity from June 4 to June 10, 2025, offering new users the chance to earn rewards by completing specific tasks.
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๐ Altcoin Insights
XRP is currently trading at $2.2427, with forecasts suggesting a potential test of the support level near $2.2765. A decline below this could target the $1.7265 area.
Altcoin Token Unlocks: June 2025 is set to witness $2.7 billion worth of token unlocks, which could introduce increased volatility in the altcoin market.
Top Altcoin Picks for June include:
$TON: Telegramโs Layer 1 blockchain.
$VIRTUAL: AI agent launchpad with significant growth.
$QNT: Known for interoperability in traditional finance.
$NEAR: AI-first Layer 1 with cross-chain capabilities.
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๐ Global Crypto Landscape
South Korea's Presidential Election today is anticipated to be a pivotal moment for the crypto industry, potentially influencing regulatory frameworks and market dynamics.
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