#Bitcoin $BTC is trading in a narrow range today, holding above the key $105,000 support level amid anticipation surrounding upcoming U.S. macroeconomic data. The price has fluctuated between $105,100 and $106,300, signaling market indecision. Traders are watching the $100,000-$103,000 zone closely, as it represents a major support level; a sustained break below it could trigger deeper corrections toward $97,000. On the upside, resistance is seen around $108,000-$110,000. Technical indicators such as the RSI remain neutral, while BTC continues to trade above both the 50-day and 200-day moving averages, hinting at a medium-term bullish bias. Investors are cautious ahead of key inflation data (CPI and PPI) and the upcoming FOMC meeting, which may influence market direction. A bullish breakout requires volume confirmation above $110,000. For now, Bitcoin remains range-bound, with short-term sentiment driven more by macro developments than technical breakouts.
Crypto exchange Gemini has confidentially filed an IPO draft with the SEC, joining the growing list of crypto firms eyeing a U.S. stock market debut.
2 Strategy Goes All-In on Bitcoin
Strategy just bumped its preferred stock offering from $250M to $1B, fueling massive BTC buys. It now holds 580,955 BTC-valued at around $60B.
3 Metaplanet's $5.4B Bitcoin Sprint
Japan-based Metaplanet plans to raise $5.4B in equity to scoop up 210K BTC by 2027-positioning itself among the top 1% of Bitcoin holders.
Crypto & Market Highlights
4 Big Tech Eyes Stablecoins
Apple, Google, X (Twitter), and Airbnb are in early talks with crypto companies to integrate stablecoins-unlocking faster, cheaper global payments.
5 UK Opens Crypto ETNs to the Public
The UK's FCA is greenlighting crypto ETNs for retail investors, a move aimed at boosting the country's edge in digital finance.
6 Trump Media's Crypto Pivot
Fresh off a $2.44B Bitcoin treasury purchase, Trump Media is planning to issue $12B in new shares-and has filed for a Bitcoin ETF.
7 U.S. Jobs Beat Forecasts, Recession Fears Linger
The U.S. added 139K jobs in May, outpacing expectations. But with unemployment at 4.2%, economic uncertainty remains high.
8 Deutsche Bank Considers Stablecoins & Tokenized Deposits Deutsche Bank is exploring its own stablecoin, evaluating
partnerships, and considering tokenized deposit products to join
the digital asset race.
Elon Musk's X Gets Into Prediction Markets
X is integrating with Polymarket, bringing prediction markets powered by Grok Al and real-time data into the social platform.
10 ETF Giants Push for 'First-to-File' Rule
VanEck, 21Shares, and Canary Capital are pressing the SEC to restore "first-to-file" ETF approvals-arguing that delays stifle innovation and limit investor access.
A whale unstaked an additional 50,017 $SOL, and transferred 50,000 $SOL
Over the past two months, the whale has unstaked a total of 175,062 $SOL, worth $25.16M. The whale currently holds 1,126,767 $SOL, valued at $168.44M, in staking.
Venture capitalist Tim Draper reconfirmed his long-held price target for bitcoin on the social platform X on June 4, stating again that he expects the cryptocurrency to reach $250,000 by the end of this year. Draper, who has been forecasting this level for several years, maintained his position amid renewed market momentum.
He texted:
Bitcoin can become infinite in relation to the dollar. Following the recent surge, I still expect Bitcoin to reach $250,000 this year.