📰 Crypto Market Turmoil as Trump-Musk Feud Rattles Investors
Date: June 6, 2025
The cryptocurrency market is reeling from fresh volatility today, as a public feud between U.S. President Donald Trump and Tesla CEO Elon Musk sends shockwaves through the global financial ecosystem.
📉 Market Snapshot
Bitcoin (BTC): Dropped below $105,000 and is currently trading around $103,263, reflecting a 1.24% decline over the last 24 hours.
Ethereum (ETH): Down 5.77%, now priced at approximately $2,459.86.
BNB: Trading at $641.18, marking a 3.98% drop.
XRP: Has fallen to about $2.13, losing 2.74%.
Cardano (ADA): Down 5.58%, now at $0.6408.
The total global crypto market capitalization has contracted to $3.21 trillion, highlighting the widespread nature of the decline.
⚠️ What’s Driving the Downturn?
The market slide comes amid escalating tensions between President Trump and Elon Musk, with their public conflict injecting a fresh wave of uncertainty into investor sentiment. This has not only disrupted traditional financial markets but has also triggered a ripple effect in the digital asset space.
Adding to the turbulence, a wave of liquidations—particularly among overleveraged positions—has intensified selling pressure, accelerating the pace of losses across major tokens. $STX
📈 Outliers and Surprises
Stacks (STX): Bucking the trend, STX has soared by 9.13% in the past 24 hours, becoming one of the top-performing assets in an otherwise bearish market.
$MUBARAKAH Coin: The religious-themed token has seen a staggering 92% surge within a single day, likely driven by community excitement ahead of Eid al-Adha.
#OrderTypes101 📊 #OrderTypes101 Understanding crypto order types can help you trade smarter and avoid costly mistakes. Here’s a quick breakdown:
🔹 Market Order – This buys or sells instantly at the best available price. It's fast but can lead to slippage during volatile times.
🔹 Limit Order – You set the price you want to buy or sell at. The trade only happens if the market hits your chosen price. Great for patience and control.
🔹 Stop-Loss Order – A safety net! It automatically sells your asset if the price drops to a level you choose, helping limit potential losses.
🔹 Take-Profit Order – Locks in your gains by selling automatically when your target price is reached.
💡 Pro tip: Combining stop-loss and take-profit helps manage both risk and reward. Know your plan before you place a trade .
#CEXvsDEX101 ### 🔁 **CEX vs DEX: What's the Difference?**
#### 🏢 **CEX – Centralized Exchange**
Think of it like a traditional bank or stockbroker. You sign up, deposit money, and the platform handles everything for you (trading, holding, converting). Examples: **Binance, Coinbase, Kraken**.
#### 🧬 **DEX – Decentralized Exchange**
This is more like trading **directly with other people** using smart contracts. You stay in control of your crypto and use your wallet to make trades. Examples: **Uniswap, PancakeSwap, dYdX**.
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### ✅ **CEX Pros**
* 🔐 Easier to use (great for beginners) * 🚀 Faster trades and lower slippage * 💳 Fiat support (buy crypto with your card or bank) * 🛠️ Advanced features (stop-loss, margin trading, staking)
### ❌ CEX Cons
* 🧑💼 You don't fully control your funds (platform holds your keys) * 🕵️ KYC/ID verification usually required * 🛑 Vulnerable to hacks or regulations shutting them down
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### ✅ **DEX Pros**
* 🗝️ You keep control of your wallet and private keys * 🆓 No sign-ups or ID needed (just connect your wallet) * 🌍 Open and global access — anyone can use it * 💡 Access to new and obscure tokens early
### ❌ DEX Cons
* 🌀 More complex (not very beginner-friendly) * 🐌 Slower and sometimes higher gas fees * ❓ No customer support — you're on your own if something goes wrong * 🚫 No fiat support (you must already have crypto)
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### 🤔 **When Should You Use Each?**
| Situation | CEX or DEX? | Why | | ----------------------------------- | ----------- | ------------------------------------------------------ | | You're new to crypto | ✅ **CEX** | Easier to understand, safer for beginners | | You want full control of your funds | ✅ **DEX** | You hold your private keys — true self-custody | | You need to buy crypto with cash | ✅ **CEX** | CEXs support fiat on-ramps like cards or bank transfer | | You’re looking for rare new tokens | ✅ **DEX** | Many new projects launch on DEXs first | | You want customer support | ✅ **CEX** | Centralized platforms offer real support | | You’re worried about platform risks | ✅ **DEX** | DEXs are non-custodial and harder to shut down |
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### 🧠 **My Take**
I like to **use both** — CEX for easy trades and fiat access, DEX when I want **freedom, privacy, and new tokens**. If you're just starting out, try a CEX. Once you're comfortable with wallets, exploring DEXs opens a whole new world of DeFi possibilities.
#TradingTypes101 🚀 #TradingTypes101 Are you a HODLer, a scalper, or a swing trader?
Understanding your trading style is key to long-term success in crypto. Here’s a quick breakdown of the most popular types of traders:
🔹 Scalpers – In and out fast! These traders live on short timeframes (minutes), making dozens of trades per day. Precision + speed = 🔥 🔹 Day Traders – No overnight risk. All positions closed before bedtime. Requires strong discipline and technical analysis. 🔹 Swing Traders – Ride the wave 🌊. They catch trends lasting days to weeks and rely on both charts and macro news. 🔹 Position Traders – Long-term thinkers. Often overlap with investors. They hold for months or years, betting on the big picture.
✨My Insight: Choose a trading type that fits your lifestyle and emotional tolerance. Scalping isn't for everyone—and that's OK. The best strategy is the one you can stick with consistently.
📈 Learn your type, master your edge, and trade smart.
In a bold move signaling growing institutional confidence in digital assets, BlackRock has significantly expanded its Ethereum (ETH) holdings, now totaling approximately 1.35 million ETH. This stake is currently valued at around $3.71 billion, positioning BlackRock as one of the largest institutional holders of Ethereum globally. The holdings represent roughly 0.12% of Ethereum's total circulating supply.
This accumulation coincides with the launch of BlackRock’s iShares Ethereum Trust ETF (ETHA), which began trading in June 2024. The ETF enables investors to gain exposure to Ethereum without the complexities of managing digital wallets or navigating crypto exchanges, offering a more traditional route into the cryptocurrency market.
Investor interest in the ETHA fund has surged, with strong inflows observed in the initial days of trading. Reflecting this momentum, BlackRock made an additional purchase of 100,535 ETH in early February 2025, valued at approximately $276 million. This move further underscores the firm's long-term confidence in Ethereum as a foundational asset in the emerging decentralized finance (DeFi) and smart contract ecosystem.
BlackRock’s strategic positioning in Ethereum marks a pivotal moment in the mainstream adoption of cryptocurrency by traditional financial institutions.
Ravencoin (RVN) Surges Amid Strategic Developments and Market Momentum
June 5, 2025 — Ravencoin (RVN), a blockchain project focused on asset tokenization, is experiencing a significant surge in price, climbing over 26% in the past 24 hours. This bullish momentum is being driven by a combination of strategic events and favorable market dynamics.
Key Drivers Behind the Pump
1. Major Exchange Listing The recent listing of RVN on Binance, one of the largest and most influential cryptocurrency exchanges, has dramatically increased the coin's visibility and liquidity. This move has led to a spike in trading volume and renewed interest from both retail and institutional investors.
2. Upcoming Halving Event Investors are also eyeing Ravencoin’s forthcoming halving event, where mining rewards will be reduced from 5,000 RVN to 2,500 RVN. Such events typically reduce the rate of new coin issuance, potentially tightening supply and driving up prices if demand remains steady or increases.
3. Shift of PoW Miners to RVN With Ethereum’s recent transition to a Proof-of-Stake model, many former Ethereum miners have shifted their operations to other Proof-of-Work networks. Ravencoin has emerged as a prominent alternative, attracting a significant portion of this migration. The increase in hashrate not only strengthens network security but also draws more attention to the coin.
4. Technical Breakout Attracts Traders RVN has broken through key resistance levels, surpassing both its 50-day and 200-day moving averages. These technical signals have triggered increased trading activity, as market participants look to capitalize on the momentum.
As Ravencoin continues to capture market attention, the combination of reduced future supply, increased mining activity, and renewed exchange support is positioning RVN as one of the standout performers in the current crypto market cycle. Investors are advised to watch developments closely as the halving date approaches.
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🔥RVN is on fire As of June 5, 2025, Ravencoin (RVN) is trading at approximately $0.0176 USD, reflecting a modest gain of about 0.57% on the day. The price has fluctuated between an intraday low of $0.0108 and a high of $0.0231.