Bitcoin is cruising at $108,610, seeing an increase of over 2% in the past 24 hours; meanwhile, the whole digital currency market value rests at $3.38 trillion. This price climb occurs a single week before the Federal Open Market Committee (FOMC) gathering, which is slated for June 18. Bitcoin Defies Credit Downgrade—Expert Says Confidence Is […] Original
Day: June 9, 2025
Bitcoin Calm Won’t Last—This Week Holds Breakout Risk
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Singapore-based trading firm QCP Capital opened its Monday note with a blunt assessment: “Implied vols continue to come under pressure, with BTC stuck in a tight range as summer approaches.” In the options house’s telling, the…
Bitcoin price all-time high hindered by macroeconomic fears
Key takeaway: Bitcoin (BTC) rose 3.5% between June 7 and June 9, approaching the $108,500 mark. Despite this recent uptick, professional traders remain notably cautious, as reflected in BTC derivatives metrics. Broader macroeconomic tensions persist, and Bitcoin continues to show a strong correlation with the stock market, limiting its short-term upside potential. Some analysts anticipate Bitcoin could rally to $150,000 as the US government nears a $4 trillion increase to its debt ceiling. However, futures market data suggests short-term hesitance, likely driven by unfavorable macroeconomic signals and a misreading of…
ETF Weekly Flows: $129 Million Outflow for Bitcoin and $281 Million Inflow for Ether
Bitcoin ETFs suffered a net outflow of $129 million for the week ending June 6, marking the second consecutive week of red flows. Meanwhile, ether ETFs extended their inflow streak to a fourth week, locking in a strong $281.07 million, the third-highest weekly inflow of 2025. Bitcoin ETFs Log Second Straight Week of Outflows While […] Original
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Paraguay president’s X account hacked, falsely claims Bitcoin as legal tender
Paraguay’s government announced Monday that President Santiago Peña’s X account may have been hacked after it shared a post falsely claiming that Bitcoin had been declared legal tender in the country. The post, written in English and accompanied by a Spanish-language statement, asserted that Paraguay was launching a $5 million Bitcoin-backed reserve fund and integrating the cryptocurrency into its national financial system. It featured what appeared to be an official government decree, using the national coat of arms and official-looking formatting. The now-deleted tweet immediately drew skepticism due to its…
Ethereum Consolidates As Momentum Builds – Analyst Has $3K In Sight For June
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ethereum has remained firm above key support levels despite the broader market pullback in recent weeks. While many altcoins have shown weakness, ETH continues to trade above the $2,400–$2,500 zone, signaling strength and positioning itself for…
Bitcoin fractal, boost in HODLers hints at rally to $120K
Key takeaways: Bitcoin’s Doji candle and a bullish chart fractal hint at a rally to $120,000. Bitcoin HODLers are absorbing freshly sold BTC, a historically bullish sign for its price. Bitcoin (BTC) price broke out from a descending trendline pattern after forming a local bottom at $100,300 on June 6, and now the asset looks set to retest its all-time high. Bitcoin 4-hour chart. Source: Cointelegraph/TradingView On the weekly chart, a Doji candle has emerged, absorbing the sell-side liquidity accumulated over the past three weeks. Characterized by a small body…
Someone Found a Bitcoin Block Solo!
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Paraguayan President Issues Warning About Bitcoin As Legal Tender Post
The office of Paraguayan President Santiago Peña appeared to deny a post on the social media platform X that announced the country would begin recognizing Bitcoin as legal tender. In a Monday post on X, the official account of the office of Paraguay’s president asked followers to “dismiss any recently published content” without official confirmation from his office. The post was made minutes after Peña’s personal account on X announced (in English) that Paraguay had made Bitcoin (BTC) legal tender, and established a BTC reserve worth $5 million, also providing…