We will provide you with valuable and interesting cryptocurrency information.
Author: Bitcoin Village Chief
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Market dynamics yesterday
In May, the US ADP employment number was 37,000, expected 110,000, previous value 62,000.
US May ADP employment number is 37,000, expected 110,000, previous value 62,000.
Trump: Powell must lower interest rates now, Europe has already cut rates nine times.
US President Trump posted on social media that the ADP data is out, 'Too late Mr.' Federal Reserve Chairman Powell must lower interest rates now. He is unbelievable, Europe has already cut rates nine times.
South Korean President Lee Jae-myung promises to promote the development of crypto ETFs and won stablecoins.
South Korea is one of the largest cryptocurrency markets in the world, with 9.7 million trading users, accounting for about 20% of the total population. Unlike the previous president Yoon Suk-yeol's unfulfilled promises of crypto-friendliness, Lee Jae-myung is expected to promote his crypto policy amid a shift in attitude from the Financial Services Commission.
The Ethereum Foundation has announced a new fiscal policy that will reduce annual spending and increase DeFi participation.
The Ethereum Foundation (EF) officially released a new fiscal policy on June 4, 2025, announcing a gradual reduction in annual operating expenses from 15% of total assets to a long-term baseline of 5% after five years. The policy clarifies that 2025-26 will be a critical period for Ethereum's development, and support for the ecosystem will be increased.
Circle prices its IPO at $31 per share, raising $1.1 billion.
According to CoinDesk, the stablecoin issuer Circle completed its IPO at $31 per share on the New York Stock Exchange, exceeding the original expected pricing range ($24-26), raising $1.1 billion, with a valuation of $6.2 billion. The stock code is 'CRCL', and it will begin trading on Thursday. The IPO was originally planned to issue 24 million shares but expanded to over 34 million shares due to surging demand. Circle issues USDC, the second-largest stablecoin in the US, and its listing comes as US lawmakers push for stablecoin regulatory legislation.
Market situation yesterday:
Bitcoin: Lowest point 104252 Highest point: 106000 Range 1822 points
Ethereum: Lowest point 2583 Highest point: 2680 Range 97 points
Summary of yesterday: Ethereum rose and touched the upper resistance level, 2680, more and more.
As we approach the reversal position, Bitcoin is consolidating or slightly falling.
Ethereum is all favorable.
Market situation today:
Ethereum: Ethereum continues to rise today, bulls are not short in attempts, this momentum is accumulating bullish strength.
Breaking through the long-term resistance line of 2700, it is not recommended to enter the market now, small profit-taking with large losses, still waiting.
More than 2700 breakthrough, spot is fine, can continue to enter.
4H support level: 2480 4H resistance level: 2680
Bitcoin: Bitcoin is still weak intraday, mainly bearish in 4 hours, breaking down.
Long-term upward trend line, a pullback to around 100000 is a
A relatively good entry position, or just skip this segment.
Market.
4H support level: 103520 4H resistance level: 107000
🟠 Summary: Ethereum continues to oscillate in the range of 2500-2680, but
Much stronger than Bitcoin. Bitcoin has a short-term rebound while continuing to be bearish in the medium term.
Empty or volatile, waiting for Ethereum to stabilize above 2700 before fully engaging.
Cottage.
Written at the end
Please always remember, only a few people can make money in the cryptocurrency market, the vast majority are losing money.
When the bull market comes, think about one thing: who makes money in the bull market, who provides the money, the big bull market is a large transfer of wealth, and the greater probability is transferring your limited money to others. Retail investors should be in awe of the bull market.
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