Here is a summary of the latest news regarding cryptocurrency on June 8, 2025, based on the latest available information:
Bitcoin (BTC) Price Movement:
Bitcoin shows signs of recovery after testing the support level around $100,000. The hash ribbon indicator shows a buy signal, indicating bullish potential to reach a new all-time high (ATH). However, volatility remains high, influenced by whale actions such as the liquidation of large positions by trader James Wynn (949 BTC, loss of ~Rp1.6 trillion) and the withdrawal of thousands of ETH by Abraxas Capital from the trading platform.
Ethereum (ETH):
Despite experiencing a price correction, Ethereum continues to attract institutional investor attention, especially with strong inflows from BlackRock. Analysts predict the potential for an ETH price rally up to $20,000, driven by ecosystem developments and positive market sentiment.
Solana (SOL) and Altcoins:
Solana experienced a sharp decline of 15% in the last week due to a broader market correction. However, projects like Solaxy (Solana Layer-2 token) draw attention with a staking ROI of 121% and significant growth potential in 2025. Other altcoins such as $SKBDI (+50.37%) and $RAIL (+28.43%) are also in the spotlight.
Gemini Files for IPO in the US:
The cryptocurrency exchange Gemini, managed by Tyler and Cameron Winklevoss, has filed for an initial public offering (IPO) confidentially in the United States. This move reflects increasing investor confidence in the crypto market, driven by bullish momentum and pro-crypto policies from the Trump administration. This IPO is seen as a strong signal that the crypto industry is increasingly accepted in traditional financial markets.
