Day: June 26, 2025

Dow Jones climbs as Trump eyes Powell replacement at Federal Reserve

U.S. stocks edged higher on Thursday, with slight gains coming amid bullish sentiment surrounding President Donald Trump’s quest to replace Federal Reserve Chair Jerome Powell. The Dow Jones Industrial Average rose 0.57%, or over 200 points, while the benchmark S&P 500 gained 0.38%. The Nasdaq Composite was up 0.23% at the open, as investors bet on increased odds of interest-rate cuts by the U.S. central bank. Trump close to naming Fed chair pick Much of the market enthusiasm stems from U.S. President Donald Trump, who has increased his criticism of…

Why Is Pi Network Bleeding While the Rest of Crypto Soars?

Key Notes Despite a recent 8% drop, Pi Network (PI) is forming a bullish ascending triangle pattern, hinting at a potential breakout above $0.66. Market optimism is driven by Pi2Day on June 28 and speculation around AI integration, possibly involving Google AI. Indicators such as the RSI, Balance of Power, and Fibonacci retracements support a bullish continuation toward $0.75 and $0.84. As Bitcoin BTC $107 042 24h volatility: 0.5% Market cap: $2.13 T Vol. 24h: $28.77 B climbed past the $107,000 mark, nearing its all-time high, most altcoins followed with…

Dogwifhat Eyes $1 Breakout as Crypto Market Turns Bullish

Key Notes Grassroots initiatives, including billboard ads and merchandise drops, have amplified WIF’s visibility. Analysts highlight WIF’s price movement as closely linked to Bitcoin and the Solana ecosystem. Sustaining Bitcoin above $105,000 is seen as critical, with WIF needing to break above its wedge pattern resistance. As Bitcoin and the broader crypto markets have been showing strength recently, meme coin Dogwifhat (WIF) rallied to $0.85 on Wednesday, with bulls targeting a rally past $1. The WIF price rally comes with its daily trading volume surging to $333 million, showing strong…

Coinbase Stock Jumps After $510 Target From Bernstein

Key Notes Coinbase stock hit a yearly high after Bernstein set a $510 price target. Analysts compared Coinbase to the “Amazon” of crypto financial services. Coinbase’s expanding business includes trading, custody, blockchain, and lending. Coinbase (COIN) shares have reached a yearly high after Bernstein analysts raised their price target from $310 to $510, citing newer earnings projections. They noted the exchange’s dominant position in the crypto industry and called it the “Amazon” of crypto financial services. According to CNBC, Bernstein recently highlighted Coinbase as the most misunderstood stock in their…

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Bitcoin nears bullish breakout with DXY at lowest since 2022

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Bitcoin price could be on the cusp of a bullish breakout, potentially reaching its all-time high as a flag pattern forms and the U.S. dollar index crashes. Bitcoin (BTC) was trading at $107,115 on Thursday, June 25, up 8.65% from its lowest point this week. A potential catalyst for Bitcoin is the ongoing decline in the U.S. dollar index (DXY), as Donald Trump considers candidates for the next Federal Reserve Chair. The DXY, which measures the dollar’s performance against a basket of currencies, plunged to 96.98—its lowest level since 2022.…

EC’s Soft Tone On Foreign Stablecoins Sparks Optimism

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The European Union’s main executive body has taken a soft approach toward stablecoins, contrasting with that of the European Central Bank (ECB) and sparking industry optimism. In response to ECB concerns on potential bank run risks stemming from stablecoin multi-issuance in Europe and third countries, the European Commission (EC) said such risks are “highly unlikely.” A spokesperson for the Commission told Cointelegraph, “Even in the highly unlikely event of a run on a jointly issued token, redemptions by foreign holders would primarily occur in jurisdictions like the US, where most…

Ex-Blackstone, Tether Execs Seek $1B to Build Multitoken Crypto Treasury: Bloomberg

A blank-check company backed by former Blackstone dealmaker Chinh Chu and Tether co-founder Reeve Collins is looking to raise $1 billion to build a publicly traded cryptocurrency treasury firm, Bloomberg reported citing sources familiar with the plans. The vehicle, M3-Brigade Acquisition V, plans to rebrand and use the cash to buy a basket of tokens including bitcoin , ether and Solana’s sol . The move comes as public companies worldwide are rushing to add cryptocurrencies as treasury assets. Many, however, are focusing on bitcoin, the largest crypto by market cap,…

XRP Ledger Upgrades to Compete with Ethereum

next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content. Altcoin News, Cryptocurrency News, News Yana Khlebnikova joined CoinSpeaker as an editor in January 2025, after previous stints at Techopedia, crypto.news, Cointelegraph, and CoinMarketCap, where she honed her expertise in cryptocurrency journalism.…