*Current Price:* $108,300.31 (down 1.05% in the last 24 hours)
*Market Analysis:*
- *Rebound in Motion:* Bitcoin is bouncing back after finding support near $106,600, with buyers regaining control.
- *Key Levels:*
- *Support:* $106,600
- *Resistance:* $109,500
- *Breakout Trigger:* $109,600+
- *Trade Setup:*
- *Entry Zone:* $107,800 - $108,200
- *Take Profit Targets:*
- *TP1:* $109,500
- *TP2:* $111,000
- *Stop Loss:* $106,400
Keep an eye on a daily close above $109,500, as it could trigger a new leg up towards $112,000+. Don't forget to use tight risk controls due to Bitcoin's volatility.
- *25% spike*: Massive vertical candle on the 1h chart, surging from $0.027 to $0.036 in minutes - *24%+ gain*: Rising volume confirms strong bullish momentum - *Bulls in control*: Order book favors continued upside pressure, indicating potential for further growth
The explosive move suggests $HOME might be poised for more gains. Keep an eye on the market and adjust your strategy accordingly!
The Home token, also known as Defi App's native asset, has been making waves in the crypto space. Here are some key updates:
- *Listing on Binance Alpha*: The token was listed on Binance Alpha on June 10, with eligible users participating in an exclusive airdrop with Binance Alpha Points.
- *Tokenomics*: The token has a total supply of 10 billion, with 45% allocated to the community and ecosystem, 20% to core contributors, and 10% each to early backers, protocol development, and the foundation.
- *Price*: The token's current price is $0.03071, with a 51.44% price surge in 24 hours and a market cap of $202.71 million.
- *Market Performance*: Home token has shown strong buying pressure with a net buy volume of $127.93K and robust liquidity at $766.87K.
- *Growth Potential*: Analysts predict the token's price could reach $0.15 to $0.30 in the next 12-18 months if the DeFi App ecosystem expands healthily and achieves its roadmap.
- *Use Cases*: The token is designed to provide power to stakeholders while driving a sustainable environment of growth, with potential use cases in staking, governance, and fee reduction.
🚀 $SOLV /USDT is on the verge of a breakout! 🔥 Here's the lowdown:
- *Current Price*: $0.04320 (+0.49%)
- *Market Structure*: Consolidating near resistance zone with minor higher lows after a recent dip to $0.04274
- *24H High*: $0.04402, with the breakout level in focus
- *Key Levels*:
- *Resistance*: $0.04400 / $0.04460
- *Support*: $0.04290
- *24H Range*: $0.04274 – $0.04402
- *Trade Setup*:
- *Entry Zone*: $0.04320 – $0.04335 (early entry)
- *TP1*: $0.04420
- *TP2*: $0.04460
- *SL*: $0.04260
Wait for a confirmed 15M candle close above $0.044 for a stronger continuation signal, and keep an eye on volume to ensure sustained upside.
Solv Protocol (SOLV) is trading at $0.04 with a 0.51% change
Keep in mind that the crypto market can be volatile, so it's essential to monitor the situation closely. The DeFi token is slowly coiling, and a breakout might be imminent!
$ACM pulled back to the $0.846 demand zone after a sharp spike to $0.93. A hold above $0.846 could lead to a bounce, while a breakdown could trigger further downside.
Monitor the $0.846 support closely. A bullish engulfing candle on volume could signal a high-reward long entry.
- *Bounced from*: $0.049 zone with 89% bid strength, indicating strong buyer interest.
- *Trade setup*:
- *Entry zone*: $0.05060-$0.05090
- *TP1*: $0.05160
- *TP2*: $0.05240
- *SL*: $0.04920
With strong order book support and a healthy pullback, this looks like a low-risk bounce play. Buyers are stacking up strongly, and a potential rebound could be on the cards!
- *Surge*: +10.57% gain, breaking above $0.022 with strong buyer dominance (88% green in the order book).
- *Trade setup*:
- *Entry zone*: $0.02190-$0.02230
- *TP1*: $0.02340
- *TP2*: $0.02450
- *TP3*: $0.02580
- *SL*: $0.02070
With a 101% weekly gain, $RVN could be setting up for a retest of recent highs if it clears $0.02438 with conviction. Bulls are in control, and volume is supporting the move!
President Donald Trump's tariffs have undergone several updates:
Tariff Rates
- *25% tariff*: Imposed on imports from Canada and Mexico, with Canadian energy resources facing a lower 10% tariff.
- *10% tariff*: Imposed on imports from China, with plans to increase to 20% or even 125% in some cases.
- *Baseline tariff*: A 10% additional tariff on US imports from all countries, with some exceptions.
Affected Countries
- *Canada and Mexico*: $900 billion worth of imports affected, with Canada facing a 25% tariff on most goods and Mexico facing a 25% tariff on all imports.
- *China*: Imports worth around $440 billion affected, with tariffs increasing to 20% above January levels and potentially reaching 125% in some cases.
Sector-Specific Tariffs
- *Cars and parts*: 25% tariffs imposed on imported cars and key parts, effective April 2.
- *Steel and aluminum*: 25% tariffs imposed on all US steel and aluminum imports, effective March 12.
Retaliatory Measures
- *Canada*: Retaliating with 25% tariffs on $107 billion worth of US goods.
- *China*: Imposing tariffs of up to 15% on US agriculture goods.
- *European Union*: Imposing new retaliatory tariffs on roughly €26 billion of US goods exports.
$BCH is building up for a potential breakout! 🚀 It's up 2.33% to $444 with bullish momentum growing on the daily chart. Strong volume suggests traders are gearing up for a continuation move.
Trade setup:
-Long opportunity:
Entry zone $442-$446
-Targets: $455, $462, $478
-Stop loss: $428
The daily candle structure looks promising, with higher lows in place. A breakout above $448 could confirm the strength and trigger further gains!
$DOGE is on the move! 🚀 It's surged 5.52% to $0.20197 on the 4-hour chart, with bullish pressure dominating the order book (70%+). This could signal further gains if the momentum continues.
Trade setup:
Long opportunity:
Entry zone $0.200-$0.202
Targets: $0.208, $0.213, $0.220
Stop loss: $0.194
A close above $0.2067 could spark another rally wave!
$TAO is making a strong comeback! 💥 After dipping to $414, it's bounced back with a 2.19% gain to $433 on the 1-hour chart. Bulls are taking charge, and buying pressure is building. 📈
Trade setup:
- *Long opportunity*:
Entry zone $431-$434
- *Targets*: $440, $449, $460
- *Stop loss*: $422
Watching for a candle close above $436 to confirm the next leg up! 🚀
- *Societe Generale's Stablecoin Launch*: Societe Generale's crypto arm has launched its US dollar-pegged stablecoin, USDCV, on Ethereum and Solana, with BNY serving as custodian. This move aims to facilitate trading and settlement globally.
- *Ethereum Staking Milestone*: The total amount of ETH locked on the Beacon Chain has reached an all-time high of 34.65 million, representing almost 30% of the current circulating supply.
- *New Privacy Proposal*: A new Ethereum proposal suggests a modular design and privacy tech to align the network with EU GDPR rules while preserving decentralization.
- *Ethereum Foundation's Treasury Update*: The Ethereum Foundation has announced a sweeping update to its treasury management strategy, focusing on balancing sustainability with growth.
Market Trends
- *Ethereum ETFs See Inflows*: Ether investment products saw $321 million in inflows last week, with a 14-day streak of inflows. This influx of capital could fuel the next ETH rally.
- *Price Prediction*: Analysts predict Ethereum's price could reach $3,000, driven by robust spot ETH ETF flows and record open interest.
- *Stablecoin Market Growth*: The Ethereum stablecoin market has exploded to $124 billion, marking a one-million-fold increase since 2018.
Technological Advancements
- *Vitalik Buterin's Proposal*: Ethereum co-founder Vitalik Buterin has proposed simplifying the Ethereum protocol with a new design and boosting mainnet capacity to 2,000 TPS.
- *RISC-V Upgrade*: Buterin has also suggested a change to Ethereum's execution layer by proposing a switch to the RISC-V instruction set architecture.
The recent crypto roundtable discussion at the SEC focused on key issues surrounding cryptocurrency regulation, custody, and decentralized finance (DeFi). Here are some key remarks and takeaways:
Regulatory Clarity
- SEC Chairman Paul Atkins emphasized the need for clear regulatory rules to support innovation in the crypto space, ensuring the US becomes a leader in the industry.
- Commissioner Hester Peirce highlighted the importance of updating and clarifying crypto-specific rules to support innovation while protecting investors.
Custody and Self-Custody
- Atkins expressed support for self-custody of crypto assets, citing it as a "foundational American value" that shouldn't disappear online.
- He directed the SEC staff to consider whether further guidance is needed on self-custody and DeFi activities.
DeFi and Tokenization
- The roundtable discussed the potential of DeFi and tokenization to transform finance, with experts highlighting benefits like improved liquidity, transparency, and market access.
- Traditional finance giants like BlackRock and Fidelity are integrating tokenized assets into their operations.
Market Reaction
- Following the roundtable, DeFi tokens like Compound (COMP), Uniswap (UNI), and Aave (AAVE) surged, with some tokens increasing by over 20%.
- The global crypto market cap saw a 2.31% increase, reaching $2.99 trillion, with trading volume up 9.73% to $104.9 billion.
- *Staking Milestone*: Ethereum staking has reached an all-time high, with 34.65 million ETH locked on the Beacon Chain, representing almost 30% of the current circulating supply.
- *Institutional Investment*: Ethereum funds saw $321 million in inflows last week, with a 14-day streak of inflows for Ether ETFs. This influx of capital could fuel the next ETH rally.
- *New Proposal*: A new Ethereum proposal suggests a modular design and privacy tech to align with EU GDPR rules while preserving decentralization. This aims to make Ethereum's architecture more compliant with data protection regulations.
- *Treasury Update*: The Ethereum Foundation has reworked its treasury management strategy to balance sustainability with growth, reflecting its belief that the next two years will be crucial for the blockchain's future.
- *R&D Restructuring*: The Ethereum Foundation has laid off members of its research and development team and restructured its Protocol Research and Development division to sharpen its focus on scaling and usability.
- *Vitalik's Vision*: Ethereum co-founder Vitalik Buterin has proposed simplifying the Ethereum protocol with a new design and boosting mainnet capacity to 2,000 TPS. He also suggests making it easier for users to run Ethereum nodes.
- *Market Performance*: Ethereum's price has been volatile, but analysts predict a potential rally to $3,000. The cryptocurrency has seen significant growth in stablecoin market capitalization, reaching $124 billion.
- *Adoption*: Ethereum's real-world adoption could be anchored by stablecoins, but the network needs to solve cross-layer fragmentation to stay ahead in DeFi.
- *Partnerships*: Consensys, the firm behind MetaMask, has acquired wallet infrastructure startup Web3Auth to enhance its Web3 capabilities.
Here's an update on the Nasdaq ETF: *Current Performance:* - The Nasdaq 100 ETF (QQQ) is up 3.9% year-to-date, with a recent surge of 27% since April.
- It's currently trading near its all-time highs, about $11 away from reaching new peaks. - Despite some drag from Tesla shares, the ETF is expected to reach new highs soon.
*Key Statistics:*
- *Current Price:* $530.70
- *Open Price:* $530.14
- *High Price:* $532.35
- *Low Price:* $529.01
- *Previous Close Price:* $529.92
- *Change:* $0.78 (0.15% increase)
*Other Nasdaq ETFs:*
- *Invesco QQQ ETF (QQQM):*
- *Current Price:* $218.52
- *Open Price:* $218.28
- *High Price:* $219.17
- *Low Price:* $217.81
- *Change:* $0.36 (0.17% increase)
- *JPM Nasdaq Equity Premium Income ETF (JEPQ):*
- *Current Price:* $52.80
- *Open Price:* $52.75
- *High Price:* $52.87
- *Low Price:* $52.68
- *Change:* $0.10 (0.19% increase)
*Market Trends:*
- The Nasdaq 100 ETF's performance is driven by its top holdings, including Apple, Microsoft, NVIDIA, Amazon, and Alphabet.
- The ETF's focus on technology and innovation-driven companies makes it a popular choice for investors seeking high growth potential.