Month: June 2025

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…

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Ethereum Consolidates As Momentum Builds – Analyst Has $3K In Sight For June

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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

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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…

Paraguayan President Issues Warning About Bitcoin As Legal Tender Post

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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…

Winklevoss Twins-Backed Crypto Exchange Gemini Confidentially Files for IPO With SEC

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A crypto exchange platform backed by the billionaire Winklevoss twins has submitted a confidential filing for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). In a press release, Gemini announces that it has sent a confidential draft registration statement to the regulatory agency related to the public offering of its stock. Though the price and number of the shares have yet to be determined, the firm says that it expects a listing “after the SEC completes its review process, subject to market and other conditions.”…

Hong Kong to Use Chainlink’s CCIP for CBDC Study

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The Hong Kong government is partnering with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to test cross-border transactions between permissioned and permissionless blockchains, as well as settlements using different types of digital assets. The partnership is part of Phase Two of Hong Kong’s central bank digital currency (CBDC) initiative. According to a report from payments company Visa, the initiative will involve a hypothetical Australian investor who wishes to purchase a tokenized asset in Hong Kong. After requesting the purchase in a stablecoin pegged to Australia’s currency, the transaction will be routed via…