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#BTCbelow100k
The cryptocurrency market faced a heavy blow in the past 24 hours as Bitcoin's price dropped over 4%, falling below $100,000 for the first time in weeks. This sharp decline came after shocking news from the global stage: fUS President Donald Trump announced a bombing operation on three nuclear sites in Iran, calling it a "successful" mission that left the facilities "obliterated."
Following this attack, Iran issued a fresh threat to close the Strait of Hormuz — a critical route for global oil shipments. This heightened geopolitical tension spooked global markets, including crypto, triggering a wave of panic selling and liquidations.
In just one day, over $1.02 billion worth of positions were liquidated across the crypto market, with Bitcoin leading the slide. Popular altcoins like Ethereum and Solana also broke key support levels, signaling possible further drops ahead.
What’s Next for Bitcoin?
According to market analysts, Bitcoin is currently testing a support zone between $100,000 and $102,000. If it manages to hold above this, there could be a temporary bounce or sideways movement. However, if Bitcoin falls below this range, the next potential support lies around $96,000 to $97,000. At the time of writing, BTC has dropped below that support.
There is also weakening momentum in the larger timeframes. Several technical indicators are hinting at a possible longer correction phase or extended sideways consolidation for Bitcoin in the coming weeks or months.
While minor short-term recoveries could happen, analysts predict that strong bullish moves are unlikely in the immediate future due to both technical weakness and ongoing geopolitical risks.
The cryptocurrency market faced a heavy blow in the past 24 hours as Bitcoin's price dropped over 4%, falling below $100,000 for the first time in weeks. This sharp decline came after shocking news from the global stage: fUS President Donald Trump announced a bombing operation on three nuclear sites in Iran, calling it a "successful" mission that left the facilities "obliterated."
Following this attack, Iran issued a fresh threat to close the Strait of Hormuz — a critical route for global oil shipments. This heightened geopolitical tension spooked global markets, including crypto, triggering a wave of panic selling and liquidations.
In just one day, over $1.02 billion worth of positions were liquidated across the crypto market, with Bitcoin leading the slide. Popular altcoins like Ethereum and Solana also broke key support levels, signaling possible further drops ahead.
What’s Next for Bitcoin?
According to market analysts, Bitcoin is currently testing a support zone between $100,000 and $102,000. If it manages to hold above this, there could be a temporary bounce or sideways movement. However, if Bitcoin falls below this range, the next potential support lies around $96,000 to $97,000. At the time of writing, BTC has dropped below that support.
There is also weakening momentum in the larger timeframes. Several technical indicators are hinting at a possible longer correction phase or extended sideways consolidation for Bitcoin in the coming weeks or months.
While minor short-term recoveries could happen, analysts predict that strong bullish moves are unlikely in the immediate future due to both technical weakness and ongoing geopolitical risks.
$BTC
The crypto economy has dipped 1.08% in the past 24 hours, pulling back to $3.16 trillion as bearish vibes rippled through the space and bitcoin touched an intraday low of $102,220. At the same time, tensions between Israel and Iran remain escalated with additional strikes exchanged, marking the second week of ongoing conflict in the Middle East.
Bitcoin (BTC), the top digital asset by market cap, slid to a Saturday low of $102,220 and has lost 1% in the past 24 hours. Over the course of the week, BTC is down 2%. Ethereum ( ETH) took a harder hit, dropping 1.45% today and down 4.5% for the seven-day stretch.
Meanwhile, after tumbling to $102,220 per unit, BTC is now cruising at $102,635 per coin just before 5 p.m. Eastern time.
As global markets wade through a mix of geopolitical tension and investor jitters, traders appear to be treading cautiously across all asset classes. The interplay of global conflict and shifting sentiment has left crypto, precious metals, and equities alike navigating choppy waters.
With uncertainty lingering, participants may be watching closely for signals—political or financial—that could shape the coming week’s direction.
The crypto economy has dipped 1.08% in the past 24 hours, pulling back to $3.16 trillion as bearish vibes rippled through the space and bitcoin touched an intraday low of $102,220. At the same time, tensions between Israel and Iran remain escalated with additional strikes exchanged, marking the second week of ongoing conflict in the Middle East.
Bitcoin (BTC), the top digital asset by market cap, slid to a Saturday low of $102,220 and has lost 1% in the past 24 hours. Over the course of the week, BTC is down 2%. Ethereum ( ETH) took a harder hit, dropping 1.45% today and down 4.5% for the seven-day stretch.
Meanwhile, after tumbling to $102,220 per unit, BTC is now cruising at $102,635 per coin just before 5 p.m. Eastern time.
As global markets wade through a mix of geopolitical tension and investor jitters, traders appear to be treading cautiously across all asset classes. The interplay of global conflict and shifting sentiment has left crypto, precious metals, and equities alike navigating choppy waters.
With uncertainty lingering, participants may be watching closely for signals—political or financial—that could shape the coming week’s direction.
#ScalpingStrategy
Crypto Scalping Strategy:
Identify Volatile Assets: Focus on highly liquid and volatile cryptos, as they offer more price fluctuations within short periods.
Set Clear Entry & Exit Points: Define precise entry and exit points based on technical indicators or chart patterns, ensuring a disciplined approach to trading.
Risk Management: Prioritize risk management by setting stop-loss orders and adhering to predetermined risk levels for each trade.
Leverage Technical Analysis: Use technical indicators and chart patterns to predict short-term price movements and identify potential entry and exit points.
1. Stochastic Oscillator Strategy:The stochastic oscillator helps identify potential reversal points by comparing the current price to its recent range. It aims to indicate overbought or oversold market conditions.
2. Moving Average Strategy:This strategy involves using short-term and long-term moving averages to define trends and potential entry/exit points.
3. Parabolic SAR Indicator Strategy:The Parabolic SAR (Stop and Reverse) indicator assists in recognizing potential trend changes and provides entry/exit signals.
4. RSI Strategy:The Relative Strength Index (RSI) measures the magnitude of recent price changes to determine overbought or oversold market conditions.
Crypto Scalping Strategy:
Identify Volatile Assets: Focus on highly liquid and volatile cryptos, as they offer more price fluctuations within short periods.
Set Clear Entry & Exit Points: Define precise entry and exit points based on technical indicators or chart patterns, ensuring a disciplined approach to trading.
Risk Management: Prioritize risk management by setting stop-loss orders and adhering to predetermined risk levels for each trade.
Leverage Technical Analysis: Use technical indicators and chart patterns to predict short-term price movements and identify potential entry and exit points.
1. Stochastic Oscillator Strategy:The stochastic oscillator helps identify potential reversal points by comparing the current price to its recent range. It aims to indicate overbought or oversold market conditions.
2. Moving Average Strategy:This strategy involves using short-term and long-term moving averages to define trends and potential entry/exit points.
3. Parabolic SAR Indicator Strategy:The Parabolic SAR (Stop and Reverse) indicator assists in recognizing potential trend changes and provides entry/exit signals.
4. RSI Strategy:The Relative Strength Index (RSI) measures the magnitude of recent price changes to determine overbought or oversold market conditions.
$BTC
Bitcoin remains stuck in a range, with traders’ expectations divided about the direction of the next significant move.
Bitcoin’s
BTC
$103,819
volatility increased on Friday, but the price remains stuck inside the large $100,000 to $111,980 range. Market participants are divided on Bitcoin’s next breakout. In a poll, crypto analyst Matthew Hyland asked whether Bitcoin would go to $94,000 or $114,000 and the results were nearly split evenly.
The social media comments on Bitcoin are also divided equally. According to crypto research platform Santiment, for every bearish comment on Bitcoin, there were just 1.03 bullish comments. The firm’s social media analysis found that Bitcoin’s sentiment from retail was the most bearish since the initial tariff reaction on April 6.
Santiment marketing director Brian Quinlivan said in a report that the retail fear was a promising sign as markets “historically move in the opposite direction of retail’s expectations.”
Bitcoin price prediction
Bitcoin rebounded off the 50-day simple moving average ($104,634) on Friday and rose above the 20-day exponential moving average ($105,590). However, the bulls could not sustain the higher levels as seen from the long wick on the candlestick.
The bears will try to seize control by sustaining the price below the 50-day SMA. If they manage to do that, the BTC/USDT pair could drop to the psychologically crucial level of $100,000. Buyers are expected to aggressively defend the $100,000 level because failing to do so may start a deeper correction toward $93,000.
On the upside, the bulls will have to maintain the price above the 20-day EMA to signal strength. The pair could then climb to the downtrend line. Sellers are expected to pose a solid challenge between the downtrend line and the all-time high of $111,980.
Bitcoin remains stuck in a range, with traders’ expectations divided about the direction of the next significant move.
Bitcoin’s
BTC
$103,819
volatility increased on Friday, but the price remains stuck inside the large $100,000 to $111,980 range. Market participants are divided on Bitcoin’s next breakout. In a poll, crypto analyst Matthew Hyland asked whether Bitcoin would go to $94,000 or $114,000 and the results were nearly split evenly.
The social media comments on Bitcoin are also divided equally. According to crypto research platform Santiment, for every bearish comment on Bitcoin, there were just 1.03 bullish comments. The firm’s social media analysis found that Bitcoin’s sentiment from retail was the most bearish since the initial tariff reaction on April 6.
Santiment marketing director Brian Quinlivan said in a report that the retail fear was a promising sign as markets “historically move in the opposite direction of retail’s expectations.”
Bitcoin price prediction
Bitcoin rebounded off the 50-day simple moving average ($104,634) on Friday and rose above the 20-day exponential moving average ($105,590). However, the bulls could not sustain the higher levels as seen from the long wick on the candlestick.
The bears will try to seize control by sustaining the price below the 50-day SMA. If they manage to do that, the BTC/USDT pair could drop to the psychologically crucial level of $100,000. Buyers are expected to aggressively defend the $100,000 level because failing to do so may start a deeper correction toward $93,000.
On the upside, the bulls will have to maintain the price above the 20-day EMA to signal strength. The pair could then climb to the downtrend line. Sellers are expected to pose a solid challenge between the downtrend line and the all-time high of $111,980.
1. Understand the Basics of Cryptocurrency
Before diving into trading, it’s crucial to understand what cryptocurrency is and how it works. Cryptocurrencies like Bitcoin, Ethereum, and others operate on blockchain technology—a decentralized and secure ledger system.
2. Choose a Reliable Crypto Exchange Platform
The next step is selecting a trustworthy crypto exchange platform where you can buy, sell, and trade cryptocurrencies. A reliable exchange ensures a smooth trading experience and protects your assets.
3. Set Up a Secure Crypto Wallet
A crypto wallet is essential for storing your digital assets securely. While some exchanges offer built-in wallets, it’s best to use a private wallet for enhanced security.
Types of Wallets:
Hot Wallets: Connected to the internet, ideal for frequent trading.
Cold Wallets: Offline wallets, such as hardware wallets, providing maximum security.
4. Start Small and Develop a Trading Strategy
Crypto trading can be risky due to its volatility, so starting small and having a strategy is essential.
Popular Trading Strategies:
Day Trading: Buying and selling within the same day to profit from short-term price movements.
HODLing: Holding onto your assets for the long term, regardless of market fluctuations.
Swing Trading: Taking advantage of medium-term price trends.
5. Learn to Analyze the Market
Market analysis is a critical skill for crypto trading. Understanding trends and data helps you make informed decisions.
Types of Analysis:
Technical Analysis: Study charts, indicators, and patterns to predict price movements.
Fundamental Analysis: Evaluate the coin’s underlying technology, use case, and market demand.
6. Diversify Your Portfolio
The golden rule in investing applies to crypto trading as well: don’t put all your eggs in one basket. Diversification helps reduce risk.
7. Stay Updated and Practice Risk Management
The crypto market is ever-evolving, with new trends and developments emerging daily. Staying informed and managing risk effectively are key to long-term success.
Before diving into trading, it’s crucial to understand what cryptocurrency is and how it works. Cryptocurrencies like Bitcoin, Ethereum, and others operate on blockchain technology—a decentralized and secure ledger system.
2. Choose a Reliable Crypto Exchange Platform
The next step is selecting a trustworthy crypto exchange platform where you can buy, sell, and trade cryptocurrencies. A reliable exchange ensures a smooth trading experience and protects your assets.
3. Set Up a Secure Crypto Wallet
A crypto wallet is essential for storing your digital assets securely. While some exchanges offer built-in wallets, it’s best to use a private wallet for enhanced security.
Types of Wallets:
Hot Wallets: Connected to the internet, ideal for frequent trading.
Cold Wallets: Offline wallets, such as hardware wallets, providing maximum security.
4. Start Small and Develop a Trading Strategy
Crypto trading can be risky due to its volatility, so starting small and having a strategy is essential.
Popular Trading Strategies:
Day Trading: Buying and selling within the same day to profit from short-term price movements.
HODLing: Holding onto your assets for the long term, regardless of market fluctuations.
Swing Trading: Taking advantage of medium-term price trends.
5. Learn to Analyze the Market
Market analysis is a critical skill for crypto trading. Understanding trends and data helps you make informed decisions.
Types of Analysis:
Technical Analysis: Study charts, indicators, and patterns to predict price movements.
Fundamental Analysis: Evaluate the coin’s underlying technology, use case, and market demand.
6. Diversify Your Portfolio
The golden rule in investing applies to crypto trading as well: don’t put all your eggs in one basket. Diversification helps reduce risk.
7. Stay Updated and Practice Risk Management
The crypto market is ever-evolving, with new trends and developments emerging daily. Staying informed and managing risk effectively are key to long-term success.
#USNationalDebt
America’s national debt has shattered the $37 trillion mark, triggering alarm across financial and policy circles as the cost of simply paying interest approaches $1 trillion annually, a level that could soon choke the federal budget and cripple core government functions.
As of June 20, the U.S. government owes more than the entire economy produces in a year. The Congressional Budget Office projects that without major reform, debt will soar to 156% of GDP by 2055.
At current levels, annual deficits of $2 trillion are driving the debt surge, fueled by rising spending and stagnant revenue growth.
The most immediate threat is the interest bill: nearly a quarter of all federal tax income is now spent servicing the debt. That means less funding for Social Security, Medicare, national defense, and infrastructure — programs millions of Americans depend on.
The risk isn’t just about budget cuts. Economists warn that this debt path could crowd out private investment, drive up borrowing costs, and stunt economic growth. The CBO estimates GDP could shrink by $340 billion in the next decade if the debt burden isn't controlled — potentially costing 1.2 million jobs and slowing wage growth across the board.
The threat of a fiscal crisis is growing more real. If investors lose confidence in the government’s ability to manage its finances, a sharp spike in interest rates or a dollar collapse could follow, undermining economic stability and triggering global aftershocks.
While the U.S. economy is still growing, the pace has slowed significantly. GDP growth is forecast at just 1.4%–1.6% this year, unemployment is ticking up, and inflation remains above target. The margin for error is narrowing.
America’s national debt has shattered the $37 trillion mark, triggering alarm across financial and policy circles as the cost of simply paying interest approaches $1 trillion annually, a level that could soon choke the federal budget and cripple core government functions.
As of June 20, the U.S. government owes more than the entire economy produces in a year. The Congressional Budget Office projects that without major reform, debt will soar to 156% of GDP by 2055.
At current levels, annual deficits of $2 trillion are driving the debt surge, fueled by rising spending and stagnant revenue growth.
The most immediate threat is the interest bill: nearly a quarter of all federal tax income is now spent servicing the debt. That means less funding for Social Security, Medicare, national defense, and infrastructure — programs millions of Americans depend on.
The risk isn’t just about budget cuts. Economists warn that this debt path could crowd out private investment, drive up borrowing costs, and stunt economic growth. The CBO estimates GDP could shrink by $340 billion in the next decade if the debt burden isn't controlled — potentially costing 1.2 million jobs and slowing wage growth across the board.
The threat of a fiscal crisis is growing more real. If investors lose confidence in the government’s ability to manage its finances, a sharp spike in interest rates or a dollar collapse could follow, undermining economic stability and triggering global aftershocks.
While the U.S. economy is still growing, the pace has slowed significantly. GDP growth is forecast at just 1.4%–1.6% this year, unemployment is ticking up, and inflation remains above target. The margin for error is narrowing.
#SwingTradingStrategy
Fibonacci Retracement: Traders involved in swing trading know that stocks tend to retrace sometimes at different levels before reversing again. Fibonacci retracement lines help traders identify support and resistance levels. Traders draw horizontal lines at different % levels, like 23.6%, 38.2%, and 61.8%, to identify potential reversal levels. For instance, when the trend is downward, a trader can plan a short trade at the 61.8 Fibonacci line, functioning as a resistance level, where the price retraces before bouncing off and exits when the price touches the 23.6 Fibonacci line or the support level.
Support and Resistance: Support and resistance lines are the two most important indicators for traders who follow the trend. Support identifies the bottom level of a trading range, and resistance represents the ceiling. Asset price moves within the range, but it indicates a reversal when it crosses the support or resistance level. Price above the resistance level is identified as an overbought situation, and it may indicate the buying pressure will recede and selling forces will take over. Similarly, the area below the support line is where overselling occurs. A swing trader will enter a selling position when the price bounces off at the resistance, placing the stop-loss level just above the line.
Bollinger Bands Method: Bollinger Bands are price bands on both sides of a moving average trend line.It creates a range between which asset prices move.Swing traders use Bollinger Bands to plan entry and exit points in the market.
Channel Trading: Channel trading is a simple method involving trading assets showing a strong trend line and trading within a channel.For example, you’ll plan a sale when the trend line is downward and touches the upper limit of the channel before bouncing off down.Traders using channel trading as the tool always trade with the trend signals.
Using SMA:The SMA is a continuously updating line where each data point represents the average price of an asset. 10 and 20-day SMAs smooth out the noise.
Fibonacci Retracement: Traders involved in swing trading know that stocks tend to retrace sometimes at different levels before reversing again. Fibonacci retracement lines help traders identify support and resistance levels. Traders draw horizontal lines at different % levels, like 23.6%, 38.2%, and 61.8%, to identify potential reversal levels. For instance, when the trend is downward, a trader can plan a short trade at the 61.8 Fibonacci line, functioning as a resistance level, where the price retraces before bouncing off and exits when the price touches the 23.6 Fibonacci line or the support level.
Support and Resistance: Support and resistance lines are the two most important indicators for traders who follow the trend. Support identifies the bottom level of a trading range, and resistance represents the ceiling. Asset price moves within the range, but it indicates a reversal when it crosses the support or resistance level. Price above the resistance level is identified as an overbought situation, and it may indicate the buying pressure will recede and selling forces will take over. Similarly, the area below the support line is where overselling occurs. A swing trader will enter a selling position when the price bounces off at the resistance, placing the stop-loss level just above the line.
Bollinger Bands Method: Bollinger Bands are price bands on both sides of a moving average trend line.It creates a range between which asset prices move.Swing traders use Bollinger Bands to plan entry and exit points in the market.
Channel Trading: Channel trading is a simple method involving trading assets showing a strong trend line and trading within a channel.For example, you’ll plan a sale when the trend line is downward and touches the upper limit of the channel before bouncing off down.Traders using channel trading as the tool always trade with the trend signals.
Using SMA:The SMA is a continuously updating line where each data point represents the average price of an asset. 10 and 20-day SMAs smooth out the noise.
$USDC
Coinbase Derivatives and Nodal Clear are partnering to integrate USDC as collateral for US futures trading, working with the CFTC to bring this to market. This is expected to be the first regulated use case of USDC as collateral and will leverage Coinbase Custody Trust as the custodian.
As part of a multi-year renewal agreement, Coinbase Derivatives, LLC, a CFTC-regulated designated contract market, and Nodal Clear are partnering to integrate USDC as eligible collateral for futures targeting next year. This will mark a meaningful milestone in our push to establish USDC as a true cash equivalent, while also offering increased efficiency through near-instant money movement and secure custody. This also underscores USDC's reliability, operational advantages, and growing acceptance in traditional financial markets.
Nodal Clear is a CFTC-regulated derivatives clearing organization, which is part of EEX Group, a Deutsche Börse company. As one of the most trusted stablecoins with transparent reserves and strong regulatory oversight, USDC aligns seamlessly with Nodal Clear’s rigorous risk management framework, making it a natural fit for inclusion as eligible collateral. This is a significant advancement in the growth of our continued partnership with Nodal Clear.
Why USDC?
USDC is a fully-reserved US dollar-backed stablecoin co-founded by Circle and Coinbase. As a regulated and widely adopted digital dollar, USDC enables near instant transactions and has become foundational infrastructure across both centralized and decentralized financial platforms. Its reliability and compliance-first framework make it uniquely suited for integration into traditional financial markets.
Coinbase Derivatives and Nodal Clear are partnering to integrate USDC as collateral for US futures trading, working with the CFTC to bring this to market. This is expected to be the first regulated use case of USDC as collateral and will leverage Coinbase Custody Trust as the custodian.
As part of a multi-year renewal agreement, Coinbase Derivatives, LLC, a CFTC-regulated designated contract market, and Nodal Clear are partnering to integrate USDC as eligible collateral for futures targeting next year. This will mark a meaningful milestone in our push to establish USDC as a true cash equivalent, while also offering increased efficiency through near-instant money movement and secure custody. This also underscores USDC's reliability, operational advantages, and growing acceptance in traditional financial markets.
Nodal Clear is a CFTC-regulated derivatives clearing organization, which is part of EEX Group, a Deutsche Börse company. As one of the most trusted stablecoins with transparent reserves and strong regulatory oversight, USDC aligns seamlessly with Nodal Clear’s rigorous risk management framework, making it a natural fit for inclusion as eligible collateral. This is a significant advancement in the growth of our continued partnership with Nodal Clear.
Why USDC?
USDC is a fully-reserved US dollar-backed stablecoin co-founded by Circle and Coinbase. As a regulated and widely adopted digital dollar, USDC enables near instant transactions and has become foundational infrastructure across both centralized and decentralized financial platforms. Its reliability and compliance-first framework make it uniquely suited for integration into traditional financial markets.
#CryptoStocks
Top crypto stocks on Wall Street surged on Wednesday after the U.S. Senate approved a milestone stablecoin bill, fueling hopes for broader adoption of what was once a niche corner of the crypto sector.
The bill was passed with bipartisan support, marking a turning point in the debate over crypto oversight, and a breakthrough for a sector long stuck in regulatory limbo.
The tokens have gained traction for offering crypto's convenience without its volatility. Pegged to currencies like the U.S. dollar, they aim to hold a stable value backed by reserves.
Stablecoin issuer Circle's (CRCL.N) shares were last up 20%. Crypto exchange Coinbase (COIN.O) rose 14%, while commission-free brokerage Robinhood (HOOD.O), which offers crypto trading, gained 3.4%.
The Republican-controlled House of Representatives must pass its version of the bill, known as the GENIUS Act, before it heads to President Donald Trump for approval.
"Once passed into a law (likely by the end of summer), we expect stablecoins to evolve from the money rail of crypto to the money rail of the internet," analysts at brokerage Bernstein said.
Circle, the issuer of the second-largest stablecoin by market value, went public earlier this month in a blowout debut on the New York Stock Exchange. Its shares were last at $173.60, versus IPO price of $31.
The company's flagship USDC stablecoin has a market value of around $61.4 billion, according to data from CoinGecko.
The stablecoin legislation is one of two major crypto bills that industry supporters hope to have signed into law this year, analysts at Barclays said.
Top crypto stocks on Wall Street surged on Wednesday after the U.S. Senate approved a milestone stablecoin bill, fueling hopes for broader adoption of what was once a niche corner of the crypto sector.
The bill was passed with bipartisan support, marking a turning point in the debate over crypto oversight, and a breakthrough for a sector long stuck in regulatory limbo.
The tokens have gained traction for offering crypto's convenience without its volatility. Pegged to currencies like the U.S. dollar, they aim to hold a stable value backed by reserves.
Stablecoin issuer Circle's (CRCL.N) shares were last up 20%. Crypto exchange Coinbase (COIN.O) rose 14%, while commission-free brokerage Robinhood (HOOD.O), which offers crypto trading, gained 3.4%.
The Republican-controlled House of Representatives must pass its version of the bill, known as the GENIUS Act, before it heads to President Donald Trump for approval.
"Once passed into a law (likely by the end of summer), we expect stablecoins to evolve from the money rail of crypto to the money rail of the internet," analysts at brokerage Bernstein said.
Circle, the issuer of the second-largest stablecoin by market value, went public earlier this month in a blowout debut on the New York Stock Exchange. Its shares were last at $173.60, versus IPO price of $31.
The company's flagship USDC stablecoin has a market value of around $61.4 billion, according to data from CoinGecko.
The stablecoin legislation is one of two major crypto bills that industry supporters hope to have signed into law this year, analysts at Barclays said.
$USDC
COINBASE, SHOPIFY PARTNER FOR USDC PAYMENTS: On Thursday, Coinbase (COIN) announced a partnership with Shopify (SHOP). The company said, “We are working together to bring commerce onchain by making it easy for all merchants on Shopify Payments to accept USDC payments on Base. We’re rolling this out with early access merchants today, and will expand to all stores around the globe running Shopify Payments later this year. The future of payments is here. Shopify chose Base to bring crypto payments mainstream because it offers fast, cheap, and secure onchain transactions everywhere around the world. This partnership represents a significant step toward Base’s mission to bring a billion people onchain.”
On Friday, BofA raised the firm’s price target on Coinbase to $259 from $216 and kept a Neutral rating on the shares. With the GENIUS and CLARITY Acts through committee, the firm thinks that regulatory clarity will be achieved over the near-term, which would broaden crypto participation, and it is raising its multiple and revising up volume estimates for Coinbase’s institutional business in order to embed the benefit of greater regulatory clarity. However, while positive on the regulatory front, the firm also views the retail trading backdrop as “peakish” and views Coinbase’s valuation as “full” relative to its long-term growth prospects, the analyst said.
COINBASE, SHOPIFY PARTNER FOR USDC PAYMENTS: On Thursday, Coinbase (COIN) announced a partnership with Shopify (SHOP). The company said, “We are working together to bring commerce onchain by making it easy for all merchants on Shopify Payments to accept USDC payments on Base. We’re rolling this out with early access merchants today, and will expand to all stores around the globe running Shopify Payments later this year. The future of payments is here. Shopify chose Base to bring crypto payments mainstream because it offers fast, cheap, and secure onchain transactions everywhere around the world. This partnership represents a significant step toward Base’s mission to bring a billion people onchain.”
On Friday, BofA raised the firm’s price target on Coinbase to $259 from $216 and kept a Neutral rating on the shares. With the GENIUS and CLARITY Acts through committee, the firm thinks that regulatory clarity will be achieved over the near-term, which would broaden crypto participation, and it is raising its multiple and revising up volume estimates for Coinbase’s institutional business in order to embed the benefit of greater regulatory clarity. However, while positive on the regulatory front, the firm also views the retail trading backdrop as “peakish” and views Coinbase’s valuation as “full” relative to its long-term growth prospects, the analyst said.
#MyTradingStyle
Day Trading
Duration of Trade: Very short, within a single trading day.
Time Commitment: High, period. This style requires you to constantly monitor the market throughout the day so as to not miss trading opportunities.
Research and Preparation: The research demands are not as intense, but the preparation can be. You have to analyze daily market conditions, economic releases, and news events. You also have limited time to use technical indicators to analyze the markets.
Knowledge/Skills: This trading style is skill-heavy, requiring quick decision-making, strong focus, and a solid understanding of technical analysis and market indicators.
Financial Risk: The financial risk is high, as you’ll need to capitalize on small price movements using high leverage which can significantly amplify your losses.
Scalping
Duration of Trade: Extremely short, often seconds to minutes.
Time Commitment: The time commitment is very high, and you’re virtually glued to your screen for minutes to hours.
Research and Preparation: This style requires high tactical performance, as strategy, from a market or economic perspective, has little to do with the micro movements that you’re trying to exploit.
Knowledge/Skills: You need the fine-tuned ability to make decisions instantaneously. This means you need excellent reflexes and a deep understanding of market microstructure.
Financial Risk: The risk is high. You’re virtually trading market noise, and many of these small movements you’re trying to capture aren’t necessarily significant. You will need to make many small trades, where fees and slippage can add up. Plus, your high leverage can severely amplify your losses.
Day Trading
Duration of Trade: Very short, within a single trading day.
Time Commitment: High, period. This style requires you to constantly monitor the market throughout the day so as to not miss trading opportunities.
Research and Preparation: The research demands are not as intense, but the preparation can be. You have to analyze daily market conditions, economic releases, and news events. You also have limited time to use technical indicators to analyze the markets.
Knowledge/Skills: This trading style is skill-heavy, requiring quick decision-making, strong focus, and a solid understanding of technical analysis and market indicators.
Financial Risk: The financial risk is high, as you’ll need to capitalize on small price movements using high leverage which can significantly amplify your losses.
Scalping
Duration of Trade: Extremely short, often seconds to minutes.
Time Commitment: The time commitment is very high, and you’re virtually glued to your screen for minutes to hours.
Research and Preparation: This style requires high tactical performance, as strategy, from a market or economic perspective, has little to do with the micro movements that you’re trying to exploit.
Knowledge/Skills: You need the fine-tuned ability to make decisions instantaneously. This means you need excellent reflexes and a deep understanding of market microstructure.
Financial Risk: The risk is high. You’re virtually trading market noise, and many of these small movements you’re trying to capture aren’t necessarily significant. You will need to make many small trades, where fees and slippage can add up. Plus, your high leverage can severely amplify your losses.
#MyTradingStyle
Position Trading
Duration of Trade: Duration wise, position trading is the longest of all, from months to several years.
Time Commitment: This trading style requires lower daily commitment as it’s more focused on long-term trends.
Research and Preparation: To trade longer-term trends, you will need to do plenty of technical and fundamental research to make solid valuation forecasts.
Knowledge/Skills: Position trading requires a strong understanding of market fundamentals and macroeconomic trends in addition to technical analysis skills. Possibly, fundamental knowledge may be much more important than technical analysis, as you’re trading economic trends.
Financial Risk: As long as you have the capital resources to trade long term, you will have the time to manage your positions actively in order to mitigate your risks. But again, this requires you have the resources to do this. In short, position trading stocks can be less risky than futures, as futures typically carry more leverage than stocks.
Swing Trading
Duration of Trade: Short to medium-term, usually a few days to several weeks.
Time Commitment: The time commitment for this trading style is relatively moderate. It requires you to check your positions regularly, but without having to constantly monitor the markets.
Research and Preparation: This approach is all about forming and executing your technical trading set up.
Knowledge/Skills: To be a good swing trader, you need to have a solid grasp of technical analysis, chart patterns, market trends, and the ability to prepare for multiple outcomes and to manage your trades depending on the likely outcome.
Financial Risk: The financial risk for this trading style is relatively moderate; while trades are shorter, they’re less susceptible to intra-day market noise.
Position Trading
Duration of Trade: Duration wise, position trading is the longest of all, from months to several years.
Time Commitment: This trading style requires lower daily commitment as it’s more focused on long-term trends.
Research and Preparation: To trade longer-term trends, you will need to do plenty of technical and fundamental research to make solid valuation forecasts.
Knowledge/Skills: Position trading requires a strong understanding of market fundamentals and macroeconomic trends in addition to technical analysis skills. Possibly, fundamental knowledge may be much more important than technical analysis, as you’re trading economic trends.
Financial Risk: As long as you have the capital resources to trade long term, you will have the time to manage your positions actively in order to mitigate your risks. But again, this requires you have the resources to do this. In short, position trading stocks can be less risky than futures, as futures typically carry more leverage than stocks.
Swing Trading
Duration of Trade: Short to medium-term, usually a few days to several weeks.
Time Commitment: The time commitment for this trading style is relatively moderate. It requires you to check your positions regularly, but without having to constantly monitor the markets.
Research and Preparation: This approach is all about forming and executing your technical trading set up.
Knowledge/Skills: To be a good swing trader, you need to have a solid grasp of technical analysis, chart patterns, market trends, and the ability to prepare for multiple outcomes and to manage your trades depending on the likely outcome.
Financial Risk: The financial risk for this trading style is relatively moderate; while trades are shorter, they’re less susceptible to intra-day market noise.
#GENIUSActPass
The GENIUS Act establishes the first federal framework for dollar-pegged stablecoins, granting sweeping authority to the Department of Treasury and opening the door to banks, fintechs, and retailers.
Democrats failed to secure a provision barring the president from profiting, even as Trump disclosed earning $57 million from token sales in 2024 alone.
Industry giants like Amazon and Walmart are reportedly moving toward stablecoin-style offerings as payment networks brace for disruption.
The Senate on Tuesday passed the GENIUS Act, a landmark bill that for the first time establishes federal guardrails for U.S. dollar-pegged stablecoins and creates a regulated pathway for private companies to issue digital dollars with the blessing of the federal government.
The bill passed with a 68-30 vote.
It's a milestone day for the crypto industry, which put around $250 million into the 2024 cycle to elect what's now considered to be the most pro-crypto Congress in U.S. history, and for President Donald Trump's sprawling digital asset empire.
"The GENIUS Act will protect consumers, enable responsible innovation, and safeguard the dominance of the U.S. dollar," said Sen. Kirsten Gillibrand, D-N.Y., one of the sponsors of the bill, in a statement.
The bill still faces hurdles in the Republican-held House, but passage in the Senate signals a turning point — not just for the technology, but for the political clout behind it.
The GENIUS Act, short for the Guiding and Establishing National Innovation for U.S. Stablecoins Act, sets guardrails for the industry, including full reserve backing, monthly audits, and anti-money laundering compliance.
It also opens the door to a broader range of issuers, including banks, fintechs, and major retailers looking to launch their own stablecoins or integrate them into existing payment systems.
The GENIUS Act establishes the first federal framework for dollar-pegged stablecoins, granting sweeping authority to the Department of Treasury and opening the door to banks, fintechs, and retailers.
Democrats failed to secure a provision barring the president from profiting, even as Trump disclosed earning $57 million from token sales in 2024 alone.
Industry giants like Amazon and Walmart are reportedly moving toward stablecoin-style offerings as payment networks brace for disruption.
The Senate on Tuesday passed the GENIUS Act, a landmark bill that for the first time establishes federal guardrails for U.S. dollar-pegged stablecoins and creates a regulated pathway for private companies to issue digital dollars with the blessing of the federal government.
The bill passed with a 68-30 vote.
It's a milestone day for the crypto industry, which put around $250 million into the 2024 cycle to elect what's now considered to be the most pro-crypto Congress in U.S. history, and for President Donald Trump's sprawling digital asset empire.
"The GENIUS Act will protect consumers, enable responsible innovation, and safeguard the dominance of the U.S. dollar," said Sen. Kirsten Gillibrand, D-N.Y., one of the sponsors of the bill, in a statement.
The bill still faces hurdles in the Republican-held House, but passage in the Senate signals a turning point — not just for the technology, but for the political clout behind it.
The GENIUS Act, short for the Guiding and Establishing National Innovation for U.S. Stablecoins Act, sets guardrails for the industry, including full reserve backing, monthly audits, and anti-money laundering compliance.
It also opens the door to a broader range of issuers, including banks, fintechs, and major retailers looking to launch their own stablecoins or integrate them into existing payment systems.
#FOMCMeeting
All eyes are now on this week’s crucial FOMC meeting and the Fed’s decision on the rate cut. On the other hand, gold prices set a new record high, reaching $3,433 per ounce on June 16, 2025.
Bitcoin Price and Risk-On Assets in the Spotlight Ahead of FOMC Meeting
After the crypto market volatility and massive liquidation last week, Bitcoin and altcoin prices managed to form a solid base over the weekend, amid the escalating conflict between Iran and Israel.
As of June 16, 2025, Bitcoin’s price had risen 1.16% to $106,688, with a 14% jump in daily trading volume that now stands at over $40.5 billion.
The Bank of Japan (BoJ) continues to push for tighter monetary policy, while the US Federal Reserve Chairman, Jerome Powell, also refused to announce an interest rate cut anytime soon. The Federal Reserve has maintained high interest rates throughout this year to combat inflation.
In addition, Powell is reluctant to cut interest rates because he is concerned that the tariffs imposed by President Donald Trump could push up the price of goods for consumers.
However, about 40% of traders still factor in two Fed rate cuts until the end of 2025.
All eyes are now on this week’s crucial FOMC meeting and the Fed’s decision on the rate cut. On the other hand, gold prices set a new record high, reaching $3,433 per ounce on June 16, 2025.
Bitcoin Price and Risk-On Assets in the Spotlight Ahead of FOMC Meeting
After the crypto market volatility and massive liquidation last week, Bitcoin and altcoin prices managed to form a solid base over the weekend, amid the escalating conflict between Iran and Israel.
As of June 16, 2025, Bitcoin’s price had risen 1.16% to $106,688, with a 14% jump in daily trading volume that now stands at over $40.5 billion.
The Bank of Japan (BoJ) continues to push for tighter monetary policy, while the US Federal Reserve Chairman, Jerome Powell, also refused to announce an interest rate cut anytime soon. The Federal Reserve has maintained high interest rates throughout this year to combat inflation.
In addition, Powell is reluctant to cut interest rates because he is concerned that the tariffs imposed by President Donald Trump could push up the price of goods for consumers.
However, about 40% of traders still factor in two Fed rate cuts until the end of 2025.
$BTC
Bitcoin rose 1.86% to $107,358 after Trump Media filed for a Bitcoin-Ethereum ETF listing.
Ethereum surged 3.9%, boosted by its 25% allocation in the ETF and strong technical breakout above key levels.
Global markets reeled from Israel-Iran escalation, but crypto trading volume jumped nearly 16%, signaling renewed investor conviction.
Global financial markets ended a turbulent week marked by escalating tensions between Israel and Iran, with traditional assets experiencing significant volatility while cryptocurrencies demonstrated surprising resilience—all things considered.
Despite these geopolitical headwinds, the cryptocurrency market showed remarkable resilience. The total crypto market capitalization increased 2.21% to $3.36 trillion, with trading volume surging 35.17% to $110.32 billion. The Fear & Greed Index, which measures investor sentiment, sits at a neutral 50, reflecting a balance between caution over geopolitical risks and optimism driven by institutional developments.
Bitcoin demonstrated its evolving role as a non-correlated asset, climbing 1.86% to $107,358 over the past 24 hours despite the geopolitical turmoil. The catalyst today for crypto? President Donald Trump and his media group today followed through with plans to launch a joint Bitcoin and Ethereum ETF.
Adding fuel to the rally, Japanese investment firm Metaplanet executed a massive Bitcoin acquisition, purchasing 1,112 BTC for $117.2 million at an average price of $105,435. The purchase brings Metaplanet's total holdings to 10,000 BTC. CEO Simon Gerovich emphasized the strategic nature of the acquisition, with the company now targeting 210,000 BTC by 2027 as part of its "555 Million Plan."
Bitcoin rose 1.86% to $107,358 after Trump Media filed for a Bitcoin-Ethereum ETF listing.
Ethereum surged 3.9%, boosted by its 25% allocation in the ETF and strong technical breakout above key levels.
Global markets reeled from Israel-Iran escalation, but crypto trading volume jumped nearly 16%, signaling renewed investor conviction.
Global financial markets ended a turbulent week marked by escalating tensions between Israel and Iran, with traditional assets experiencing significant volatility while cryptocurrencies demonstrated surprising resilience—all things considered.
Despite these geopolitical headwinds, the cryptocurrency market showed remarkable resilience. The total crypto market capitalization increased 2.21% to $3.36 trillion, with trading volume surging 35.17% to $110.32 billion. The Fear & Greed Index, which measures investor sentiment, sits at a neutral 50, reflecting a balance between caution over geopolitical risks and optimism driven by institutional developments.
Bitcoin demonstrated its evolving role as a non-correlated asset, climbing 1.86% to $107,358 over the past 24 hours despite the geopolitical turmoil. The catalyst today for crypto? President Donald Trump and his media group today followed through with plans to launch a joint Bitcoin and Ethereum ETF.
Adding fuel to the rally, Japanese investment firm Metaplanet executed a massive Bitcoin acquisition, purchasing 1,112 BTC for $117.2 million at an average price of $105,435. The purchase brings Metaplanet's total holdings to 10,000 BTC. CEO Simon Gerovich emphasized the strategic nature of the acquisition, with the company now targeting 210,000 BTC by 2027 as part of its "555 Million Plan."
#MetaplanetBTCPurchase
Metaplanet’s Bitcoin holdings hits 10,000 BTC, beating Coinbase
Metaplanet’s stock surged over 20% after announcing its latest Bitcoin buy and a $210 million bond issuance to buy even more.
Japanese investment firm Metaplanet’s latest 1,112 Bitcoin purchase has finally tipped its total Bitcoin holdings to 10,000 BTC, surpassing Coinbase as the seventh-largest publicly traded company with a Bitcoin treasury.
On Monday, Metaplanet announced that it had purchased the Bitcoin
BTC
$106,782
stack for 16.88 billion Japanese yen ($117 million). The firm now holds 10,000 Bitcoin, beating Coinbase’s 9,267 Bitcoin.
The average price of Metaplanet’s 10,000 BTC now stands at 13.9 million Japanese yen, approximately $96,400 per Bitcoin.
It comes just two weeks after Metaplanet became the eighth-largest corporate holder of Bitcoin.
Metaplanet issues $210M bonds to buy Bitcoin
It came the same day Metaplanet announced that its board of directors had resolved to issue $210 million via no-interest bonds, and that it raised that figure to buy more Bitcoin.
The firm has drastically revised its Bitcoin strategy in recent months and now intends to hold 210,000 BTC by the end of 2027. So far, Metaplanet has completed the purchase of 10,000 BTC and will need to buy an additional 200,000 BTC over the next 18 months.
Metaplanet stock rallies over 20%
The back-to-back announcement has seen the price of Metaplanet’s share soar drastically over the day.
Metaplanet’s stock (3350T) rallied over 22% on Monday on the Tokyo Stock Exchange, peaking at 1,860 Japanese yen. Metaplanet’s stock has seen an uptick of more than 417% year-to-date.
Metaplanet’s Bitcoin holdings hits 10,000 BTC, beating Coinbase
Metaplanet’s stock surged over 20% after announcing its latest Bitcoin buy and a $210 million bond issuance to buy even more.
Japanese investment firm Metaplanet’s latest 1,112 Bitcoin purchase has finally tipped its total Bitcoin holdings to 10,000 BTC, surpassing Coinbase as the seventh-largest publicly traded company with a Bitcoin treasury.
On Monday, Metaplanet announced that it had purchased the Bitcoin
BTC
$106,782
stack for 16.88 billion Japanese yen ($117 million). The firm now holds 10,000 Bitcoin, beating Coinbase’s 9,267 Bitcoin.
The average price of Metaplanet’s 10,000 BTC now stands at 13.9 million Japanese yen, approximately $96,400 per Bitcoin.
It comes just two weeks after Metaplanet became the eighth-largest corporate holder of Bitcoin.
Metaplanet issues $210M bonds to buy Bitcoin
It came the same day Metaplanet announced that its board of directors had resolved to issue $210 million via no-interest bonds, and that it raised that figure to buy more Bitcoin.
The firm has drastically revised its Bitcoin strategy in recent months and now intends to hold 210,000 BTC by the end of 2027. So far, Metaplanet has completed the purchase of 10,000 BTC and will need to buy an additional 200,000 BTC over the next 18 months.
Metaplanet stock rallies over 20%
The back-to-back announcement has seen the price of Metaplanet’s share soar drastically over the day.
Metaplanet’s stock (3350T) rallied over 22% on Monday on the Tokyo Stock Exchange, peaking at 1,860 Japanese yen. Metaplanet’s stock has seen an uptick of more than 417% year-to-date.
#VietnamCryptoPolicy
Vietnam has taken a groundbreaking step in cryptocurrency regulation by officially passing the Law on Digital Technology Industry, making it the first country worldwide to enact comprehensive standalone legislation specifically dedicated to the digital technology sector.
The historic law, passed by the National Assembly on June 14, 2025, grants full legal recognition to crypto assets and establishes a clear regulatory framework that takes effect January 1, 2026, Vn Economy reported on Sunday.
Under the new law, Vietnam has established a sophisticated two-tier classification system for digital assets. The framework distinguishes between "virtual assets, "typically non-financial tokens, loyalty points, or gaming-related digital goods, and "crypto assets," which encompass assets based on cryptographic and distributed ledger technologies such as Bitcoin, Ethereum, and potentially NFTs.
Crucially, the legislation explicitly separates these categories from securities, fiat-backed stablecoins, and Central Bank Digital Currencies (CBDCs), which remain outside this legislative scope. This clear delineation provides much-needed clarity for businesses and investors operating in the digital asset space.
The law empowers the Vietnamese government to develop detailed implementation guidelines, including licensing requirements, compliance protocols, consumer protection measures, and robust Anti-Money Laundering (AML) standards that align with international best practices.
Vietnam has taken a groundbreaking step in cryptocurrency regulation by officially passing the Law on Digital Technology Industry, making it the first country worldwide to enact comprehensive standalone legislation specifically dedicated to the digital technology sector.
The historic law, passed by the National Assembly on June 14, 2025, grants full legal recognition to crypto assets and establishes a clear regulatory framework that takes effect January 1, 2026, Vn Economy reported on Sunday.
Under the new law, Vietnam has established a sophisticated two-tier classification system for digital assets. The framework distinguishes between "virtual assets, "typically non-financial tokens, loyalty points, or gaming-related digital goods, and "crypto assets," which encompass assets based on cryptographic and distributed ledger technologies such as Bitcoin, Ethereum, and potentially NFTs.
Crucially, the legislation explicitly separates these categories from securities, fiat-backed stablecoins, and Central Bank Digital Currencies (CBDCs), which remain outside this legislative scope. This clear delineation provides much-needed clarity for businesses and investors operating in the digital asset space.
The law empowers the Vietnamese government to develop detailed implementation guidelines, including licensing requirements, compliance protocols, consumer protection measures, and robust Anti-Money Laundering (AML) standards that align with international best practices.
$BTC
Bitcoin holding firm at around $105,000 despite recent geopolitical and economic shocks suggests a sign of strength and investor confidence.
Bitcoin
BTC
$105,492
exchange-traded funds (ETFs) recorded five days of consecutive inflows, despite the recent geopolitical turmoil caused by the Israel-Iran conflict.
According to data from Farside Investors, the streak began on June 9, with inflows of over $386 million and continued through Friday, with an additional $301 million in inflows. In total, over $1.3 billion in capital moved into Bitcoin ETFs over the past five days.
Bitcoin holds steady despite recent geopolitical shock
“It is encouraging to see that after briefly dipping below $103,000, as $422 million in Bitcoin longs got liquidated, BTC has recovered to trade around $105,000,” Puckrin said on Friday.
Bitcoin is only trading less than 6% away from its all-time high of $112,000 recorded on May 22, despite the ongoing geopolitical tensions.
Bitcoin holding firm at around $105,000 despite recent geopolitical and economic shocks suggests a sign of strength and investor confidence.
Bitcoin
BTC
$105,492
exchange-traded funds (ETFs) recorded five days of consecutive inflows, despite the recent geopolitical turmoil caused by the Israel-Iran conflict.
According to data from Farside Investors, the streak began on June 9, with inflows of over $386 million and continued through Friday, with an additional $301 million in inflows. In total, over $1.3 billion in capital moved into Bitcoin ETFs over the past five days.
Bitcoin holds steady despite recent geopolitical shock
“It is encouraging to see that after briefly dipping below $103,000, as $422 million in Bitcoin longs got liquidated, BTC has recovered to trade around $105,000,” Puckrin said on Friday.
Bitcoin is only trading less than 6% away from its all-time high of $112,000 recorded on May 22, despite the ongoing geopolitical tensions.
#TrumpBTCTreasury
The U.S. Securities and Exchange Commission (SEC) greenlighted the registration statement filed by Trump Media and Technology Group for its $2.3 billion Bitcoin (BTC) Treasury deal on June 13, an SEC filing shows. Trump Media, the company behind Truth Social, is a public company that U.S. President Donald Trump’s family significantly controls.
The SEC “declared effective” Trump Media’s S-3 registration statement, which was filed on June 6. Companies file Form S-3 to register the sale of securities with the SEC. Following the SEC’s approval, Trump Media filed a corresponding final prospectus with the agency on Friday.
According to the filing, Trump Media raised $2.3 billion from approximately 50 investors through the resale of around 56 million shares of equity and 29 million shares underlying convertible notes. Trump Media touted the deal, which was closed on May 30, as “one of the largest Bitcoin treasury deals for a public company.”
A Bitcoin Treasury is part of Trump Media’s aggressive expansion strategy
In a press release, Trump Media CEO and President Devin Nunes stated that the company is “aggressively” expanding with the aim of “transforming Trump Media into an indispensable company for the expanding customer base of the Patriot Economy.”
The establishment of a Bitcoin Treasury will place BTC in Trump Media’s balance sheet, alongside cash and cash equivalents, giving it shareholders exposure to BTC. Crypto.com and Anchorage Digital will handle custody of Trump Media’s Bitcoin Treasury holdings.
Announcing the deal on May 27, Nunes noted that a Bitcoin Treasury will allow the company to defend itself “against harassment and discrimination by financial institutions.” He added that it will also “create synergies for subscription payments, a utility token, and other planned transactions across Truth Social and Truth+,” a streaming platform.
The Bitcoin Treasury is just one of the avenues Trump Media is using to cement its place in the Bitcoin market.
The U.S. Securities and Exchange Commission (SEC) greenlighted the registration statement filed by Trump Media and Technology Group for its $2.3 billion Bitcoin (BTC) Treasury deal on June 13, an SEC filing shows. Trump Media, the company behind Truth Social, is a public company that U.S. President Donald Trump’s family significantly controls.
The SEC “declared effective” Trump Media’s S-3 registration statement, which was filed on June 6. Companies file Form S-3 to register the sale of securities with the SEC. Following the SEC’s approval, Trump Media filed a corresponding final prospectus with the agency on Friday.
According to the filing, Trump Media raised $2.3 billion from approximately 50 investors through the resale of around 56 million shares of equity and 29 million shares underlying convertible notes. Trump Media touted the deal, which was closed on May 30, as “one of the largest Bitcoin treasury deals for a public company.”
A Bitcoin Treasury is part of Trump Media’s aggressive expansion strategy
In a press release, Trump Media CEO and President Devin Nunes stated that the company is “aggressively” expanding with the aim of “transforming Trump Media into an indispensable company for the expanding customer base of the Patriot Economy.”
The establishment of a Bitcoin Treasury will place BTC in Trump Media’s balance sheet, alongside cash and cash equivalents, giving it shareholders exposure to BTC. Crypto.com and Anchorage Digital will handle custody of Trump Media’s Bitcoin Treasury holdings.
Announcing the deal on May 27, Nunes noted that a Bitcoin Treasury will allow the company to defend itself “against harassment and discrimination by financial institutions.” He added that it will also “create synergies for subscription payments, a utility token, and other planned transactions across Truth Social and Truth+,” a streaming platform.
The Bitcoin Treasury is just one of the avenues Trump Media is using to cement its place in the Bitcoin market.
$BTC
Bitcoin
BTC
$105,032
is flashing signs of bullish rejection, shrugging off recent selling pressure sparked by the renewed conflict between Israel and Iran. This setup is strikingly similar to one that preceded an 80% rally in late 2024.
Bitcoin bulls defend 2024-era trendline
On Friday, BTC rebounded from a low near $102,800 after sliding 5.5% in response to Israel’s airstrikes on Iranian targets. The cryptocurrency recovered a portion of its losses afterward, reaching over $105,500.
The bounce aligns with a successful retest of Bitcoin’s 50-day simple moving average (50-day SMA; the red wave), a technical level that has historically acted as reliable support.
This price structure closely mirrors Bitcoin’s performance in October 2024, when it fell 8.8% after Iran launched a missile barrage on Israel.
That decline also found support at the 50-day SMA, with BTC bottoming just around $60,500. What followed was a sharp reversal: Bitcoin surged over 80% by December, topping around $108,365.
A study by Andre Dragosch, head of research at Bitwise’s ETP arm ETC Group, shows that while Bitcoin often sees a short-term price decline during periods of geopolitical tension or conflict, it consistently rebounds.
On average, BTC recovers within 50 days and, in most cases, surpasses its pre-event price levels, underscoring the asset’s resilience in the face of global uncertainty.
Bitcoin
BTC
$105,032
is flashing signs of bullish rejection, shrugging off recent selling pressure sparked by the renewed conflict between Israel and Iran. This setup is strikingly similar to one that preceded an 80% rally in late 2024.
Bitcoin bulls defend 2024-era trendline
On Friday, BTC rebounded from a low near $102,800 after sliding 5.5% in response to Israel’s airstrikes on Iranian targets. The cryptocurrency recovered a portion of its losses afterward, reaching over $105,500.
The bounce aligns with a successful retest of Bitcoin’s 50-day simple moving average (50-day SMA; the red wave), a technical level that has historically acted as reliable support.
This price structure closely mirrors Bitcoin’s performance in October 2024, when it fell 8.8% after Iran launched a missile barrage on Israel.
That decline also found support at the 50-day SMA, with BTC bottoming just around $60,500. What followed was a sharp reversal: Bitcoin surged over 80% by December, topping around $108,365.
A study by Andre Dragosch, head of research at Bitwise’s ETP arm ETC Group, shows that while Bitcoin often sees a short-term price decline during periods of geopolitical tension or conflict, it consistently rebounds.
On average, BTC recovers within 50 days and, in most cases, surpasses its pre-event price levels, underscoring the asset’s resilience in the face of global uncertainty.
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