There’s a lot of potential strong support below, both long and short-term and as we discussed in yesterday’s note the preferred view is that price is rising in a new 20-week cycle with an upside target around US$33,000 by end-July/early August.
Bitcoin’s price looks to be forming a base with the level to beat near term at US$23,210, which is the open on 14 June. It’s not uncommon for push up and pull back sequences to occur in these market phases.
Gary Gensler resigns to the delight of the crypto world, which also eagerly anticipates Solana ETFs
Gold has experienced a significant pullback, down over 8% from its all-time high, as the US election results reduced political uncertainty and raised confidence in the economy. The Fed's cautious stance on rate cuts has made the non-yielding metal less attractive, while boosting assets like Bitcoin.
Michael Saylor, the company’s chairman, has been a strong advocate for Bitcoin, believing its value will continue to rise. With over $40 billion in Bitcoin assets, MicroStrategy’s stock has surged, becoming the most traded in the U.S.
Analysts expect the added liquidity and hedging tools from options to reduce volatility and drive prices higher, solidifying Bitcoin’s dominance in the digital asset market.
Solana just hit a new all-time high of $263 but how much more is there to come?
The bank’s strategic focus on acquiring a stablecoin payments firm underscores its commitment to innovation in blockchain-based financial services.
The cuts are part of a strategic pivot toward core products like Ronin Wallet, Waypoint, and Axie 2.0, underscoring a shift from rapid growth fueled by P2E hype to sustainable long-term operations.
Pump.fun, a booming memecoin platform, faces backlash for enabling extreme content, from exploitation to abuse, exposing crypto's dark side
