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  • Bitcoin’s surge to $104K liquidates nearly $400M in short bets

    Bitcoin’s surge to $104K liquidates nearly $400M in short bets

    Crypto news today: Bitcoin pushes past $102K as record ETF flows, trade news fuel rally

    • Bitcoin surged over 3% in 24 hours, topping $104,000 (highest since Jan 31).
    • Nearly $400 million in bearish BTC short positions were liquidated in 24 hours (highest since Nov).
    • The significant short squeeze suggests potential for further upside as bearish pressure eases.

    Bitcoin experienced a powerful upward surge in the last 24 hours, decisively breaking above key psychological levels and catching many bearish traders off guard, leading to substantial liquidations of short positions.

    The rally was underpinned by positive macroeconomic news and continued strong institutional interest in the leading cryptocurrency.

    The price of Bitcoin (BTC) climbed over 3% within a 24-hour period, trading around $102,500 and at one point surpassing the $104,000 mark – its highest level since January 31.

    This bullish momentum was not confined to Bitcoin; the broader cryptocurrency market also rallied significantly.

    The total market capitalization of all cryptocurrencies, excluding Bitcoin, surged by an impressive 10% to reach $1.14 trillion, a peak not seen since March 6, according to data from TradingView.

    Two key catalysts appear to have fueled this sharp upswing.

    Firstly, President Donald Trump announced a comprehensive trade deal had been reached with the United Kingdom, a development that generally boosts risk appetite in global markets.

    Secondly, cumulative inflows into US-listed spot Bitcoin exchange-traded funds (ETFs) reportedly hit a new record high, surpassing $40 billion, signaling sustained and growing institutional demand for direct Bitcoin exposure.

    Bearish bets decimated in short squeeze

    This rapid and strong price appreciation triggered a significant “short squeeze,” where traders who had bet on Bitcoin’s price falling were forced to close their positions at a loss as the market moved against them.

    According to data from Coinglass, nearly $400 million worth of bearish BTC short positions were liquidated over the past 24 hours.

    This represents the highest single-day total for short liquidations since at least November.

    A position is liquidated, or forcibly closed by an exchange, when adverse price movements cause a leveraged trader’s account balance to fall below the required margin level, preventing further losses.

    In contrast, a relatively modest $22 million in bullish long positions were wiped out during the same period.

    Implications of the imbalance: more upside ahead?

    The substantial imbalance between short and long liquidations provides a telling insight into recent market positioning.

    It indicates that leverage was heavily skewed towards the bearish side, meaning many traders were anticipating or positioned for a price decline.

    The rapid unwinding of these short positions, as traders were forced to buy Bitcoin to cover their losses, likely exacerbated the upward price movement.

    Market analysts often view such a significant liquidation of shorts as a potentially bullish signal for the near term.

    It suggests that a considerable amount of selling pressure has been removed from the market, potentially clearing the path for further price gains as the prevailing sentiment shifts and buyers gain more control.

    The combination of positive external catalysts and the internal market dynamics of a short squeeze could set the stage for continued upward momentum for Bitcoin and the broader crypto market.

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  • Standard Chartered strategist walks back $120K BTC call, admits target might be ‘too low’

    Standard Chartered strategist walks back $120K BTC call, admits target might be ‘too low’

    Standard Chartered strategist walks back $120K bitcoin call

    • Geoffrey Kendrick pointed to several factors driving the bullish momentum.
    • As of Thursday, Bitcoin was trading just shy of the $100,000 mark.
    • Software company MicroStrategy has ramped up its Bitcoin purchases.

    Bitcoin’s relentless rally is prompting some analysts to revise their boldest predictions.

    Standard Chartered’s Geoffrey Kendrick, a well-known Bitcoin bull, has now admitted that his earlier forecast of $120,000 for the world’s largest cryptocurrency might be too conservative.

    In an email shared with clients on Thursday, Kendrick said, “I apologise that my USD120k Q2 target may be too low,” acknowledging the accelerating momentum in Bitcoin’s price.

    As of Thursday, Bitcoin was trading just shy of the $100,000 mark—up over 3% to $99,293, after briefly touching $99,897.

    Kendrick, who heads digital asset research at Standard Chartered, originally predicted last month that Bitcoin would reach a record high of $120,000 in the second quarter of 2025.

    His thesis was built on two major trends: a strategic shift of capital away from US assets and increasing accumulation of bitcoin by institutional “whales”—major holders with large buying power.

    Now, he believes those estimates may underestimate Bitcoin’s real potential.

    “The dominant story for Bitcoin has changed again,” Kendrick noted. “It is now all about flows. And flows are coming in many forms.”

    Kendrick pointed to several factors driving the bullish momentum, including surging institutional investment via US spot Bitcoin ETFs.

    Over the past three weeks alone, Bitcoin ETFs have seen $5.3 billion in inflows, according to his analysis.

    This suggests that mainstream financial players are steadily increasing their exposure to digital assets.

    He also highlighted big-ticket moves by institutional investors.

    Software company MicroStrategy has ramped up its Bitcoin purchases, effectively acting as a proxy stock for Bitcoin exposure.

    Meanwhile, the Abu Dhabi sovereign wealth fund has taken a position in BlackRock’s IBIT bitcoin ETF, and even the Swiss National Bank has reportedly invested in MicroStrategy shares.

    With Bitcoin price predictions now being revised upward and institutional capital flowing in at record levels, Kendrick’s new outlook signals a potentially explosive summer for crypto markets.

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  • SUI price breakout? Technical pattern signals move toward $4.25

    SUI price breakout? Technical pattern signals move toward $4.25

    Sui Surges As Altcoins Tap Upside Momentum

    • SUI price gains as token continues upside with monthly gains of over 85%
    • The altcoin is rising as the overall crypto market bounces amid gains for Bitcoin.
    • Crypto analyst Captain Faibik shared a SUI price prediction suggesting a surge to $4.25.

    Sui price is up 12% in the past week, with the altcoin rising as Bitcoin spikes to near $100k.

    With equities also on the up after US President Donald Trump announced a trade deal with the United Kingdom, BTC looks poised for further gains.

    A leg up for the altcoin market amid this scenario could tie into Sui’s latest pump.

    One crypto analyst forecasts Sui price could rally to above $4 with a key technical pattern breakout.

    Gains see Sui ecosystem tokens rise

    The Sui ecosystem tokens have seen their total market capitalization jump by more than 6% in the past 24 hours to above $29 billion.

    While most of this is in the SUI network’s native token at $12 billion, a lot of the top ecosystem tokens are registering notable gains.

    Bonk (BONK), Walrus (WAL), and DeepBook Protocol (DEEP) prices have increased 10%, 9%, and 12%, respectively, in the last 24 hours.

    The three tokens’ market cap values stood at over $1.4 billion, $800 million, and $596 million, respectively.

    Is Sui price set for a rally above $4?

    The gains for Sui and the ecosystem tokens mirror broader market performance this week, with bulls looking to take control amid macroeconomic and regulatory catalysts.

    In this respect, crypto analyst Captain Faibik has shared a bullish price prediction for SUI.

    According to the analyst, who shared the outlook via X, the layer blockchain network’s native token could spike to $4.25.

    He based his forecast on the technical chart for Sui, which shows a breakout from a channel pattern.

    The analyst’s 4-hour chart shows the SUI/USD pair breaking above the upper trendline.

    Currently, SUI price hovers near at $3.79, up nearly 12%, and with a 24-hour volume of $2.18 billion.

    The altcoin changed hands at $3.24 during the Asian session on Thursday, and a surge to above $4 will see buyers flip focus to the all-time high of $5.35 reached on January 6, 2025.

    From the current level, this will be a 29% increase.

    Notably, SUI is up more than 85% in the past month, having jumped from lows of $2.03 on April 16, 2025.

    While the broader risk asset market may yet hit macroeconomic headwinds, the current outlook suggests bulls may have an upper hand.

    Sui’s traction as the blockchain network for digital asset ownership helps this outlook.

    Headwinds will, however, stall upside momentum, likely exacerbated by profit-taking deals.

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  • Pepe, dogwifhat see price gains amid altcoin spike

    Pepe, dogwifhat see price gains amid altcoin spike

    Pepe And Dogwifat Memecoins Jumped As Bitcoin Rose

    • PEPE jumped to above $0.0000092, up nearly 13% as volume spiked 46%.
    • Meanwhile, dogwifhat hit highs of $0.64, also up 13% as altcoins mirrored Bitcoin gains.
    • Analysts say President Donald Trump’s announcement of a trade deal with the UK could spark further gains.

    Pepe (PEPE) and dogwifhat (WIF) are among the top gainers in the crypto market today as Bitcoin rides bullish sentiment to near $100k.

    The meme coins, ranked 28th and 98th by market cap on CoinMarketCap, posted double-digit gains as Bitcoin rose 3%, hitting a two-month high alongside a broader rally in risk assets.

    PEPE traded at around $0.000009217, up by 12.59% at the time of writing. Whale activity suggests investor confidence.

    Meanwhile, dogwifhat hovered near $0.64, up 13% in the past 24 hours.

    The gains happened alongside a spike in trading volume, Pepe recording a 46% surge in daily volume to $766 million, while dogwifhat saw an increase of 44% to about $242 million.

    dogwifhat, Pepe surge as crypto reacts to trade deal news

    Bitcoin surged as investors reacted to President Donald Trump’s announcement of a massive trade deal between the United States and the United Kingdom.

    As risk-on sentiment kicked in, equities signaled a rally with futures up. Cryptocurrencies, including the memecoins PEPE and WIF, rose alongside Bitcoin, Ethereum, and Solana.

    EOS and Pudgy Penguins led the top performers.

    With the trade deal likely to be among many others lined up, analysts say an easing of tariff tensions could spark fresh market optimism.

    “President Trump teased a major trade deal this morning, with speculation pointing to the UK. Despite a few details, the headline alone sparked a sharp risk-on reaction across global markets,” QCP Capital analysts noted.

    “Crypto jumped on the news. $BTC rose 2.74% to reclaim $99K, while $ETH surged 6.89%, breaking out of a three-week range. Options flow showed strong demand for May and June calls, signalling renewed bullish sentiment,” they added.

    PEPE and WIF price outlook

    While analysts urge a cautious approach as the US markets open, they see a BTC close above $100k as potentially adding to the upside.

    This scenario could see meme coins soar amid capital rotation into anticipated gainers.

    The surge in volume and open interest (+13% to $454 million for PEPE, and +16% to $244 million for dogwifhat) suggests strong interest in the tokens.

    If this sentiment holds as BTC rallies, buying pressure could see PEPE and WIF rise to key levels.

    WIF price could return to above $1 if bulls edge higher.

    Meanwhile, Pepe may see a zero taken off the price range, with recent hurdles at $0.000015 and $0.000020 key.

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  • Altcoins signal bullish breakout as Bitcoin nears $100K milestone

    Altcoins signal bullish breakout as Bitcoin nears $100K milestone

    • ETH targets $3,200 after breaking trendlines.
    • SOL eyes $230 range with bullish setup.
    • DOGE rises past $0.18 as retail interest grows.

    A major shift is unfolding in the cryptocurrency market as Bitcoin edges closer to the $100,000 psychological mark, prompting renewed attention towards altcoins.

    With Bitcoin dominance starting to decline, market participants are observing a wave of bullish technical signals across major altcoins.

    Coins like Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and NEAR Protocol (NEAR) are leading what analysts believe may be the early stages of an extended altcoin breakout cycle.

    The shift comes after months of sideways movement in both Bitcoin and alternative digital assets.

    Traders are interpreting recent consolidations in key altcoins as signs of accumulation.

    With bullish chart patterns now forming across higher timeframes, the setup for a widespread breakout appears to be strengthening.

    Bitcoin rally triggers altcoin interest

    Bitcoin’s steady climb has captured global headlines, but under the surface, a quieter transition is taking place.

    Market watchers are noting a drop in Bitcoin dominance — the measure of Bitcoin’s share in the total crypto market capitalisation — indicating that capital is rotating into the altcoin sector.

    This development aligns with patterns seen in previous cycles, where Bitcoin rallies first and is followed by outsized gains in smaller-cap cryptocurrencies.

    As a result, several major tokens are now attempting to break above long-term resistance levels that have been intact since the last bull run.

    ETH, SOL, DOGE show price strength

    Ethereum (ETH), the second-largest cryptocurrency by market capitalisation, has broken above key trendlines and is now targeting the $3,200 zone.

    The move is supported by technical indicators pointing to increasing momentum and volume accumulation.

    Solana (SOL), which has recovered strongly since the end of 2024, is now targeting the $220–$230 range.

    After bouncing from major support zones, SOL has formed an inverse head and shoulders pattern on the daily chart, suggesting a sustained upward push.

    Meanwhile, Dogecoin (DOGE), one of the most-watched memecoins, has climbed above $0.18, a key resistance level from its early 2024 highs.

    DOGE’s rise is backed by rising social media interest and increased retail trading volume, both considered indicators of speculative momentum.

    NEAR, KAS, ADA in breakout zones

    NEAR Protocol (NEAR) and Kaspa (KAS) are also flashing bullish setups.

    NEAR has broken out of a months-long consolidation and is showing signs of institutional interest.

    Technical analysis reveals a breakout from a symmetrical triangle, which often precedes a strong continuation move.

    Kaspa (KAS), known for its blockDAG technology and high transaction throughput, is forming a classic bull flag.

    If confirmed, the pattern could point to a rapid price acceleration from current levels.

    Cardano (ADA) and Sonic (S) are similarly exhibiting accumulation patterns.

    ADA is currently testing upper trendlines, while Sonic recently completed a successful retest and breakout.

    These moves suggest that altcoins are now attempting to recover a significant portion of their bear market losses, with analysts pointing to the potential for 100–250% rallies, should sentiment hold and Bitcoin remain above critical levels.

    Technicals support a bullish cycle

    The latest altcoin rally is not merely speculative. It is backed by technical confirmation on higher timeframes, including weekly charts.

    Patterns such as the cup and handle and inverse head and shoulders have formed across several major tokens, a common feature during the early stages of bullish cycles.

    The broader implication is that altcoins could retrace around 60% of their previous losses if market momentum continues to improve.

    With Bitcoin approaching the $100K mark, this shift in liquidity towards altcoins could mark the beginning of a fresh wave of capital inflows into the broader crypto market.

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  • Dogecoin faces $500 million liquidation test as price eyes $0.2 recovery

    Dogecoin faces $500 million liquidation test as price eyes $0.2 recovery

    Dogecoin faces $500 million liquidation test as price eyes $0.2 recovery

    • Ichimoku and RSI indicators show no bullish momentum.
    • The coming days could determine whether DOGE stages a recovery or slides into a deeper correction.
    • DOGE lags behind Bitcoin and Ethereum amid broader altcoin pullback.

    Dogecoin is navigating a volatile phase as its price hovers just above key support levels.

    After hitting a local high near $0.2, DOGE has trended downward, raising fresh doubts about the memecoin’s strength in the current market.

    While leading cryptocurrencies like Bitcoin and Ethereum continue to consolidate, Dogecoin has struggled to maintain momentum.

    The asset risks erasing nearly all gains from the past 30 days unless it can break through critical technical barriers and absorb significant short liquidations, estimated to exceed $500 million.

    The coming days could determine whether DOGE stages a recovery or slides into a deeper correction.

    $0.165 zone is critical

    The Dogecoin price has hovered near a key liquidation zone at $0.165, where leverage from traders has accumulated above $500 million. This threshold is seen as a pivotal point for a potential short squeeze.

    Source: CoinMarketCap

    To break higher, the price may need to dip below this level to trigger liquidations, potentially forcing out short positions.

    Such a move could clear the way for a stronger rebound and extend the upward trend.

    This could allow bulls to target a return to $0.18 and eventually retest $0.2.

    Technical signals remain weak

    Technically, Dogecoin’s outlook remains weak. After failing to stay above its ascending trend line, DOGE has experienced sustained downward pressure.

    The Ichimoku cloud’s conversion line is acting as stiff resistance, and there’s no indication yet of a bullish crossover.

    Meanwhile, the Stochastic RSI has reversed after testing average levels, underscoring the growing influence of bearish sentiment.

    DOGE is expected to test support at $0.162, a level below the $0.164 liquidation zone.

    However, failure to hold this support could deepen the drawdown and prompt traders to reassess the memecoin’s long-term viability.

    $0.2 in 2025?

    While Dogecoin reached as high as $0.2 earlier this year, the question now is whether it can sustain such levels or rise further in 2025.

    For this to happen, the token must establish consistent upward momentum, clear resistance levels, and attract renewed investor interest.

    This appears challenging given its current technical weakness and absence of strong bullish signals.

    Still, market volatility could favour sharp movements in either direction. If the expected short squeeze plays out after testing $0.162 support, DOGE may rally back towards $0.18 and $0.2.

    But unless broader market conditions improve and sentiment shifts decisively, reaching the $0.5 mark in 2025 appears increasingly unlikely based on current data.

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  • Florida scraps Bitcoin reserve bills as state-level crypto adoption faces setbacks

    Florida scraps Bitcoin reserve bills as state-level crypto adoption faces setbacks

    Florida, Bitcoin reserve bills

    • Florida’s decision follows a broader trend of legislative setbacks surrounding Bitcoin reserve proposals.
    • Similar bills have been shelved or blocked in states like Wyoming, Pennsylvania, Oklahoma, Montana, North Dakota, and South Dakota.
    • Only 19 US states are still actively exploring legislation related to state Bitcoin reserves.

    Florida has withdrawn two key bills aimed at creating a state-level strategic Bitcoin (BTC) reserve, marking a significant pause in momentum for state-driven crypto investment efforts across the US.

    House Bill 487 and Senate Bill 550, both introduced in February 2025, have now been “indefinitely postponed and withdrawn from consideration,” according to the Florida Senate website.

    The bills had sought to authorize the use of public funds to invest in Bitcoin, signaling a potential shift in how state reserves are managed.

    With their withdrawal, Florida becomes the latest in a growing list of states backing away from formal crypto reserve legislation.

    Multiple states stall on BTC investment plans

    Florida’s decision follows a broader trend of legislative setbacks surrounding Bitcoin reserve proposals.

    Similar bills have been shelved or blocked in states like Wyoming, Pennsylvania, Oklahoma, Montana, North Dakota, and South Dakota.

    While many of these initiatives remain in early committee stages, few have progressed far enough to secure full legislative approval.

    Arizona had shown the most progress earlier this year with SB 1025, which passed a state House vote before being vetoed by Governor Katie Hobbs.

    The bill would have permitted investment of seized state funds into Bitcoin, representing the most advanced attempt at institutional BTC adoption at the state level.

    Despite the veto of SB 1025, Arizona is still considering SB 1373, a separate proposal that would allow up to 10% of state funds to be allocated to digital assets, including Bitcoin.

    However, that bill has yet to reach a final vote, and its fate remains uncertain amid growing legislative caution.

    Is Bitcoin legislation losing steam nationwide?

    According to data from Bitcoin Laws, only 19 US states are still actively exploring legislation related to state Bitcoin reserves (SBRs), with 36 bills under discussion.

    The number has dropped significantly over the past six months, reflecting increased hesitation among lawmakers due to market volatility, fiscal risks, and regulatory uncertainty.

    Much of this retreat has been attributed to concerns like those cited by Arizona Governor Katie Hobbs, who pointed to the lack of long-term historical data supporting Bitcoin’s stability or reliability for public fund management.

    Despite the slowdown at the state level, Bitcoin reserve discussions are gaining traction federally.

    President Donald Trump has reportedly signed an executive order directing agencies to explore the feasibility of a national Bitcoin reserve system.

    Still, skepticism remains. BitMEX co-founder Arthur Hayes recently argued that the US is unlikely to meaningfully expand its crypto holdings, citing entrenched financial conservatism and cultural resistance toward Bitcoin.

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  • Loopring price jumps 14% as daily volume skyrockets

    Loopring price jumps 14% as daily volume skyrockets

    Loopring Price Jumps As Bulls Charge With Massive Volume

    • Loopring (LRC) has surged more than 14% in the past 24 hours.
    • The native token of the Ethereum-based layer-2 scaling solution has also seen a massive jump in daily trading volume.
    • If bulls hold onto gains, LRC price could target highs of $0.44 in the short term.

    Loopring (LRC), the native token of the Ethereum-based layer-2 scaling solution, has surged by 14% in the past 24 hours, accompanied by a notable spike in trading volume.

    According to data from CoinMarketCap, the price of LRC now hovers around $0.1058, suggesting fresh interest in the decentralized finance (DeFi) protocol.

    LRC’s rally, which comes with a massive spike in volume, follows Loopring’s recent announcement of its official DeFi documentation that highlights innovative earning and trading solutions.

    But could this push the Loopring price higher?

    Loopring price jumps to a month-high mark

    As data from CoinMarketCap shows, the 14% price jump has propelled Loopring to a month-high mark above $0.10.

    The gain aligns with a huge increase in trading activity, with LRC seeing a 2,600% jump in the 24 hours to over $204 million, at the time of writing.

    While other coins have posted similar surges, this suggests that investors are taking notice of Loopring’s latest developments.

    The project’s focus on redefining DeFi with a CeFi-like experience, while maintaining a trustless environment, seems to be resonating with the community.

    It combines with Loopring’s zkRollup technology, which enables faster and cheaper transactions on Ethereum, to indicate renewed optimism.

    LRC price prediction

    From a technical perspective, Loopring is showing signs of a potential breakout.

    The token is attempting to rebound from the lower border of a falling wedge pattern.

    A look at the weekly timeframe paints this setup, usually viewed as bullish by analysts.

    Loopring Price Chart From TradingView
    Loopring price chart by TradingView

    If this bounce confirms, LRC could rally toward $0.31 and $0.44 in the medium term.

    Such a move will represent a significant recovery for the token, with the projection aligning with the historical pattern of a falling wedge.

    It typically signals a reversal after a downtrend.

    However, the broader market sentiment will play a crucial role.

    On the downside, failure to break above this level could see LRC retest support near $0.07 and potentially $0.02.

    Loopring’s fundamentals, such as its focus on DeFi innovation and layer-2 scaling, provide a strong case for growth.

    Nonetheless, investors are likely to remain cautious amid inherent crypto market risks, including regulatory developments and market volatility

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  • Bitcoin traders brace for FOMC meeting as volatility looms

    Bitcoin traders brace for FOMC meeting as volatility looms

    • FOMC expected to hold rates at 4.25%–4.50%, CME tool shows 95.6% odds.
    • Swissblock flags $97K–$98.5K as key resistance zone.
    • Powell’s comments could tilt Bitcoin towards breakout or correction.

    Bitcoin is trading just below $94,000 as investors prepare for Wednesday’s Federal Open Market Committee (FOMC) meeting and Jerome Powell’s post-meeting press conference.

    Source: CoinMarketCap

    The Fed is widely expected to keep its benchmark interest rate steady at 4.25%–4.50%, with CME FedWatch Tool data showing a 95.6% probability of a rate hold.

    Despite this consensus, traders are bracing for volatility triggered by Powell’s comments on the economic outlook, inflation, and rate trajectory, which could sway risk sentiment across digital assets.

    Market participants are especially focused on forward guidance, as recent economic data and geopolitical tensions have clouded expectations for rate cuts later this year.

    Trading volume dips, ETF inflows slow ahead of Fed event

    Bitcoin’s recent sideways movement reflects a cautious market mood.

    ETF inflows have cooled, and leverage appears to be winding down as traders await clarity.

    Analysts at Swissblock describe the environment as a “battle of resistance” and note that high open interest and negative funding rates point to intensified bearish bets.

    They flag the $97,000–$98,500 range as a critical resistance zone.

    A break above could trigger short liquidations, but a failed rally might trap bullish traders if momentum fades.

    Liquidation data also supports this tension. As price hovers within a tight range, derivatives traders appear to be betting on a volatile move in either direction.

    Risk appetite has cooled, but significant positioning remains open, suggesting market participants are preparing for a breakout or breakdown, depending on Powell’s tone.

    Powell’s guidance could determine market direction

    While no change in rates is expected this week, traders are looking for hints on the Fed’s stance for June and beyond.

    In previous meetings, Powell’s words have caused major swings in crypto markets.

    December 2023 saw a hawkish turn that led to a broad sell-off in risk assets, and some fear that a repeat could materialise if Powell signals further tightening or ignores recent signs of economic slowdown.

    Market sentiment has been dampened by soft GDP data and renewed trade tensions with China.

    The impact of President Donald Trump’s recent tariff rhetoric has raised concerns that rate cuts previously expected in June may now be delayed.

    Veteran trader Mathew Dixon noted that expectations for a June cut have already flipped to a hold, further pressuring sentiment.

    Gold’s recent rally is also seen as a sign of risk-off positioning. According to analysts, this suggests investors are hedging against potential shocks from the Fed’s announcement.

    Bitcoin price action hinges on macro signals

    Bitcoin is currently consolidating near local support as traders weigh macroeconomic uncertainty.

    Degens, or high-risk crypto traders, are reportedly building long positions, anticipating a price move.

    However, some analysts warn that market makers may push prices lower to trigger stop losses before a potential upside.

    Swissblock’s analysis supports this view, suggesting that any breakout could be preceded by a final liquidity sweep.

    Historical data offers mixed signals. Three of the last five FOMC announcements have coincided with Bitcoin rallies, but this week’s event is clouded by more complex macro conditions.

    The unresolved US-China tensions, weaker consumer demand, and political pressure around inflation all weigh heavily on market sentiment.

    BitMEX co-founder Arthur Hayes has previously argued that a shift back to quantitative easing could ignite a parabolic Bitcoin rally.

    But in the absence of dovish signals, Bitcoin could retest recent lows in a sharp pullback.

    With no clear catalyst either way, the market remains delicately balanced, awaiting Powell’s next move.

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  • will Bitcoin price soar past $100K as trade tensions ease?

    will Bitcoin price soar past $100K as trade tensions ease?

    Trump speech looms: can Bitcoin leverage exchange outflows, safe haven status for $100K?

    • Trump acknowledged that the existing 145% US tariff on Chinese imports is ‘too high’.
    • Currently, the US and China are locked in a steep tariff battle.
    • Bitcoin and Ethereum have shown strong performance during periods of dovish monetary policy and reduced inflation.

    US President Donald Trump has signaled a willingness to lower tariffs on Chinese goods.

    The announcement comes amid escalating speculation about how such a policy shift could impact inflation, interest rates, and digital assets like Bitcoin and Ethereum.

    Trump’s comments have already sparked renewed interest among crypto investors, who see a potential rally in the making.

    Speaking in a recent CNBC interview, President Trump acknowledged that the existing 145% US tariff on Chinese imports is “too high” and has effectively crippled bilateral trade.

    “At some point, I’m going to lower them,” he said, adding that China is eager to resume business with the United States.

    Trump’s remarks suggest that trade talks between the two global powers could be back on the table, with hopes of a more balanced economic relationship.

    Currently, the US and China are locked in a steep tariff battle, with Beijing retaliating by imposing a 125% duty on American goods.

    These tit-for-tat tariffs have disrupted global supply chains and contributed to higher prices for consumer goods ranging from electronics to clothing.

    Industry analysts believe that easing these levies could reduce inflationary pressure, thereby influencing the Federal Reserve’s monetary policy, particularly in holding back further interest rate hikes.

    From a crypto market perspective, the implications are significant.

    Historically, digital assets such as Bitcoin and Ethereum have shown strong performance during periods of dovish monetary policy and reduced inflation.

    With tariff reduction on the horizon, crypto investors are betting on a resurgence in prices.

    Bitcoin, for instance, recently dipped below $80,000 but has since bounced back, trading above $94,000 at press time.

    Analysts predict that if sentiment continues to improve, Bitcoin could breach the $100,000 milestone, triggering a broader market rally.

    Beyond Bitcoin, altcoins like Ethereum (ETH), Ripple (XRP), and Solana (SOL) also stand to gain from a more favorable economic environment.

    Reduced trade tension often translates to increased risk appetite, driving more capital into speculative assets like cryptocurrencies.

    Trump’s comments also hint at a broader economic recalibration.

    Lower tariffs could ease operational costs for American businesses and improve consumer sentiment, factors that indirectly feed into the crypto economy by increasing liquidity and investor confidence.

    While a final decision is yet to be made, the mere prospect of US–China trade normalization has already set the tone for a volatile yet potentially bullish phase in the crypto markets.

    As always, traders are advised to keep a close eye on policy shifts that could influence macroeconomic indicators and, by extension, digital asset prices.

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