Malik Abdullah 456

Although bitcoin ($BTC ) can be traded 24/7 its candles open and close daily similar to foreign exchange markets. The latest data from TradingView shows Tuesday’s candle ended (UTC) at $106,830, the highest-ever daily closing price.

The bullish move came as investors poured money into the spot exchange-traded funds (ETFs) amid chaotic price action in bond markets that suggested heightened concerns about the fiscal health of major economies, including the U.S.

Analysts told CoinDesk last week that the worsening fiscal debt situation could bode well for BTC and other assets such as gold.

The Coinbase Bitcoin Premium Index, which measures the percentage difference between the price of Bitcoin on Coinbase Pro (USD pair) and the price on Binance (USDT trading pair), remained positive, indicating a persistent buying pressure from the U.S.-based investors.

With the uptrend in progress, the next key level to watch is $110,000. Data from Deribit’s $BTC options market, tracked by Amberdata, shows dealers or market makers hold a large net “negative gamma” exposure at the $110,000 level.

Dealers holding negative gamma typically trade/hedge in the direction of the market to maintain their overall market exposure delta neutral. That, in turn, amplifies bearish and bullish moves.

In other words, the rally may accelerate on a potential breakout above the $110,000 mark. The options market has grown significantly over the past five years, with dealer hedging adding to volatility on several occasions.
#BTC110KToday?

Bitcoin broke above its $105,000 resistance level on Sunday, rising above $106,000 before finding support near $105,200 on Monday. At the time of writing on Wednesday, it rallied and broke above its all-time high of $109,228 set on January 20.

If BTC continues its upward trend into uncharted territory, it could extend the rally toward its next major psychological milestone at $120,000.

The Relative Strength Index (RSI) and Stochastic Oscillator are in their overbought regions, indicating strong bullish momentum. However, traders should be cautious as the chances of a pullback are high due to its overbought condition. The 50-day Simple Moving Average (SMA) is on the verge of crossing above its 200-day SMA, signaling a potential golden cross on the daily chart. If the crossover occurs, it would confirm another buy signal.
#BTC110KToday? #BTCBreaksATH #BinanceAlphaAlert #DinnerWithTrump

On May 20, 2025, Crypto.com teamed up with Canary Capital to launch the Canary CRO Trust, a new US-regulated fund for $CRO tokens. This initiative will allow US investors to safely invest in $CRO, the main cryptocurrency of the Cronos blockchain.

Cronos works well with Ethereum and Cosmos systems and supports decentralized finance (DeFi) and Web3 projects, like lending apps or online platforms, making $CRO attractive to big investors. The Canary CRO Trust isn’t an ETF, which trades on stock exchanges, but a private fund for specific investors.
#BinanceAlpha$1.7MReward #MastercardStablecoinCards

Bitcoin's price has tanked slightly from Monday, when it briefly hit $BTC
1
05,000 after the United States announced a 90-day tariff pause with China.
#BinanceAlphaAlert #MyEOSTrade #SaylorBTCPurchase

According to Odaily, Ripple CEO Brad Garlinghouse recently expressed his intentions on the X platform to advocate for reasonable legislation supporting cryptocurrencies, focusing on stablecoins and market structure, during his visit to Washington, D.C. He urged U.S. government officials to view cryptocurrencies appropriately. However, Cynthia Lummis, Chair of the U.S. Digital Assets Subcommittee and Senator, canceled their meeting and has not rescheduled. Garlinghouse called on Lummis to reconsider the meeting to discuss how to position the United States as a global leader in the cryptocurrency sector#Xrp🔥🔥

Amid the launch of the probe into the Coinbase hack, the exchange debuted on the $BTC 500 today, becoming the first and only crypto company to achieve this milestone. CoinGape reported last week that the crypto exchange would replace Discover Financial Services, following Capital One’s acquisition of the latter.

Despite the debut, the COIN stock price closed the day in the red, trading at around $BTC 263. The stock rebounded to this price level last Friday following the crash on May 15 due to reports of the data breach and the ongoing SEC investigation into alleged misleading user numbers in past disclosures.

The exchange’s Chief Legal Officer, Paul Grewal, confirmed that they are cooperating with the SEC on the investigation, although he believes it shouldn’t continue. Meanwhile, concerning the Coinbase hack, Grewal also revealed that they have notified and are working with the DOJ and other US and international law enforcement agenci
es.