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  • Analysis: Institutional BTC adoption is a ‘cyclical wave’, not a linear increase, says Saphira Group’s Dyment

    Analysis: Institutional BTC adoption is a ‘cyclical wave’, not a linear increase, says Saphira Group’s Dyment

    Analysis: Institutional BTC adoption is a 'cyclical wave', not a linear increase, says Saphira Group's Dyment

    • Fund manager Jeff Dyment argues fears of fading institutional Bitcoin demand are overblown and miss the “bigger picture.”
    • Institutional BTC buying is a “cyclical wave,” not a straight line, with 51 new corporate treasuries in H1 2025 alone.
    • Options market data shows whales are building upside exposure, buying September $130K BTC calls.

    In a market often fixated on short-term price swings, fund manager Jeff Dyment of Saphira Group is urging investors to take a step back and look at the bigger picture.

    His thesis is simple yet powerful: recent data points suggesting that institutional Bitcoin buying is losing steam are missing the forest for the trees.

    In a note shared with CoinDesk, Dyment argues that fears of dwindling institutional demand for Bitcoin are largely overblown, rooted in what he sees as narrow, short-term snapshots of the market.

    He acknowledges the recent cooling in ETF and corporate purchases – for instance, Michael Saylor’s Strategy acquired just 16,000 BTC last month, a sharp decrease from its 171,000 BTC haul in December.

    However, Dyment insists this is not a sign of decline, but rather a natural ebb in what he describes as a “cyclical wave” of institutional adoption.

    “Institutional flows often come in waves rather than a steady linear increase,” Dyment wrote.

    Short-term demand fluctuations in the spot market are minor ripples on what is, in fact, a rising tide of institutional engagement.

    To support his argument, Dyment points to compelling data.

    In the first half of 2025 alone, 51 new corporate Bitcoin treasuries were established, a figure equal to the total number established from 2018 to 2022 combined.

    This represents a staggering 375% year-over-year increase in corporate Bitcoin buying.

    Publicly traded companies now collectively hold 848,902 BTC, which accounts for approximately 4% of Bitcoin’s total supply.

    In the second quarter of 2025 alone, these companies added 131,000 BTC to their balance sheets.

    The ETF factor: a tsunami of regulated capital

    Dyment also highlights the explosive growth of spot Bitcoin ETFs as further, undeniable evidence of deepening institutional participation.

    BlackRock’s IBIT fund, which has already become the largest in the world, now holds an incredible 699,000 BTC, representing more than 3.3% of the total supply, after becoming the fastest-growing ETF in history.

    Collectively, U.S. spot ETFs have captured approximately 1.25 million BTC, or roughly 6% of the total supply, in just 18 months since their launch, Dyment points out in his note.

    This rapid accumulation by regulated investment vehicles underscores a structural shift in how capital is engaging with Bitcoin.

    Whales Position for Upside as Market Awaits a Spark

    Dyment’s thesis finds echoes in the derivatives market. In a recent note from QCP Capital, the Singapore-based fund observed that large “whale” investors are continuing to build exposure to upside risk.

    They are reportedly snapping up September $130,000 BTC call options and holding significant positions in 115,000/140,000 call spreads, all bets on a future price increase.

    “Vols remain pinned near historical lows, but a decisive breach of the $110K resistance could spark a renewed volatility bid,” QCP wrote in a Monday note.

    So, while market bears may point to stagnant spot flows and the nearly empty mempool (the queue of unconfirmed Bitcoin transactions) as signs of market fatigue, Dyment argues that these are merely surface-level ripples.

    Underneath, he contends, the institutional tide is rising. Wall Street, with its trillions upon trillions of dollars in regulated capital, is hungry for crypto exposure. It’s just not going to arrive all at once in a straight line.

    Broader market movements provide context

    The aformentioned analysis comes amidst a backdrop of volatile but resilient price action for Bitcoin and mixed signals from traditional markets.

    • BTC: Bitcoin fell 1.02% from July 6 at 22:00 to July 7 at 21:00, testing key support at $107,519.64 amid heavy selling, before staging a V-shaped recovery off $107,800. On-chain data showed strong support clusters at $106,738 and $98,566 held by 1.68 million addresses, according to CoinDesk Research’s technical analysis bot.

    • ETH: Ethereum rose 1.67% amid volatile trading, swinging nearly 3% between $2,529 and $2,604, as support at $2,530 held firm. Institutional inflows topped $1.1 billion, and above-average volume marked both the surge and subsequent sell-off.

    • Gold: Gold dipped on a stronger dollar but rebounded on tariff-driven safe-haven demand, with central bank buying and de-dollarization fueling forecasts of a rally toward $4,000.

    • S&P 500: Stocks fell on Monday as President Trump announced new tariffs on imports from seven countries, sending the S&P 500 down 0.79% to 6,229.98.

    • Nikkei 225: Asia-Pacific markets mostly rose despite President Trump announcing steep U.S. tariffs on 14 trading partners, with Japan’s Nikkei 225 up 0.36% as duties of up to 40% were outlined for countries including South Korea, Indonesia, and Thailand.
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  • BTC trades stably near $105.5K; institutional ETF inflows reached $2.2B last week

    BTC trades stably near $105.5K; institutional ETF inflows reached $2.2B last week

    BTC trades stably near $105.5K; institutional ETF inflows reached $2.2B last week

    Bitcoin (BTC) is trading steadily above the $105,500 mark as the Asian trading day gets underway on Wednesday.

    This comes after a slight correction from the $107,000 level it held during US business hours.

    Despite the significant geopolitical upheaval of the past few weeks, including a US strike on Iran that surprised both geopolitical experts and prediction market bettors, Bitcoin has once again demonstrated its resilience as a store of value.

    CoinDesk market data shows that the asset class has remained remarkably stable over the last month, up a modest 1%.

    A disciplined climb: HODLers stand firm

    However, this return to a price point that is within striking distance of Bitcoin’s all-time high of nearly $111,000 (hit in May) feels different this time, according to market observers.

    It’s characterized by a sense of discipline rather than the euphoria that often accompanies bull runs.

    Unlike the breakout above $100,000 in December 2024, which triggered a significant wave of profit-taking, long-term investors now appear content to sit on their unrealized gains.

    This observation is supported by analysis from Glassnode in their weekly note.

    “HODLing appears to be the dominant market mechanic,” the Glassnode analysts wrote.

    They pointed to a surge in the supply held by long-term holders, which has now reached 14.7 million BTC, coupled with historically low levels of realized profits.

    This on-chain activity strongly indicates a limited desire to sell, even as Bitcoin trades just below its record highs.

    Further reinforcing this narrative of restraint, metrics such as the adjusted Spent Output Profit Ratio (aSOPR) are hovering just above the breakeven point, according to Glassnode.

    This suggests that the coins currently being spent are, for the most part, recent acquisitions involved in tactical trades rather than representing a broad distribution or sell-off by long-term holders.

    Meanwhile, Glassnode data also shows that the “Liveliness” metric continues to decline, a clear sign that older, long-held coins remain dormant in their wallets.

    The institutional undercurrent: steady demand meets rising leverage

    This patience from seasoned investors is being met with persistent institutional demand.

    In its daily markets update, trading firm QCP highlighted this trend, noting that market data indicates a substantial $2.2 billion in net inflows into spot Bitcoin ETFs just last week.

    QCP described the overall tone of these flows as “constructive” and pointed out that dedicated crypto treasury companies such as Strategy and Metaplanet continue to accumulate Bitcoin.

    These steady institutional inflows are quietly but fundamentally reshaping the market’s structure.

    Bitcoin’s realized cap—a metric that measures the price at which coins last moved on-chain—has grown to an impressive $955 billion.

    This growth is widely seen as a sign that real, committed capital, not just fleeting speculation, is flowing into the asset.

    A fragile equilibrium: the standoff in the market

    However, not everything is calm beneath the surface. QCP’s report also noted that leveraged long positions have been on the rise, with funding rates turning positive across major perpetual futures markets.

    This indicates that short-term traders are increasingly using leverage to bet on further price increases.

    Glassnode, in its analysis, warns that this situation may not be sustainable indefinitely. “The market may need to move higher, or lower, to unlock additional supply,” the firm wrote, suggesting that the current equilibrium between the unwavering conviction of long-term holders and the increasing leverage of short-term traders won’t hold forever.

    Even major political news, such as the US Senate’s approval of the White House’s “Big Beautiful Bill,” has failed to produce a significant price reaction from Bitcoin.

    This has led to a market that feels less like a stampeding bull run and more like a tense standoff. On one side are the long-term holders who are refusing to sell, and on the other are the short-term traders piling into leveraged positions.

    This fragile equilibrium has market observers on the edge of their seats, wondering where the next major catalyst will come from and whether it will make Bitcoin’s next move an explosive one.
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  • Michael Saylor’s Strategy acquires $531M in Bitcoin, boosting holdings near 600,000 BTC

    Michael Saylor’s Strategy acquires $531M in Bitcoin, boosting holdings near 600,000 BTC

    AI generated image for Bitcoin in a vault

    • The average purchase price for the new acquisition was $106,801 per coin.

    • The company has now spent approximately $42.4 billion on Bitcoin since it began accumulating the crypto.

    • According to data from Bitcoin Treasuries, 134 public companies now hold bitcoin on their balance sheets.

    Michael Saylor’s Strategy, the largest public holder of Bitcoin, added 4,980 BTC to its balance sheet last week, according to a US Securities and Exchange Commission filing on Monday.

    The purchase, valued at $531.1 million, came as Bitcoin rallied from around $101,000 to above $108,000 during the final week of June, per CoinGecko data.

    The average purchase price for the new acquisition was $106,801 per coin, bringing the firm’s total Bitcoin holdings to 597,325 BTC.

    The company has now spent approximately $42.4 billion on Bitcoin since it began accumulating the cryptocurrency, with an average purchase price of $70,982 per BTC.

    The Bitcoin ‘Strategy’

    Strategy funded its latest purchase using proceeds from its active at-the-market (ATM) offerings.

    Last week, the firm sold 1,354,500 shares of its Class A common stock (MSTR) for $519.5 million.

    It also sold 276,071 shares of its Strike preferred stock (STRK) for $28.9 million and 284,225 shares of its Strife preferred stock (STRF) for $29.7 million.

    Following the latest acquisition, Strategy’s year-to-date gain in Bitcoin now totals 85,871 BTC, compared with a full-year gain of 140,538 BTC in 2024.

    That equates to a $9.5 billion BTC gain this year, according to the company’s internal figures.

    The company also reported modest increases in its yield metrics.

    Year-to-date Bitcoin yield rose by 0.5 percentage points to 19.7%, inching closer to Strategy’s goal of 25% yield by the end of 2025.

    Quarter-to-date yield also edged up by 0.4 percentage points to 7.8%.

    More BTC buys may be on the way for Strategy?

    On Sunday, Strategy Executive Chairman Michael Saylor had again hinted at a potential upcoming bitcoin purchase, updating the company’s bitcoin portfolio tracker on Sunday with the remark, “In 21 years, you’ll wish you’d bought more.”

    The comment echoes his BTC Prague keynote, where he projected Bitcoin’s value could reach $21 million per coin within two decades.

    Between June 16 and June 22, Strategy acquired an additional 245 BTC for approximately $26 million at an average price of $105,586 per bitcoin.

    The company had slowed its purchasing pace in recent weeks as it shifted focus from its at-the-market (ATM) common stock program to issuing perpetual preferred shares to finance further acquisitions.

    The latest purchase marks a return to using the MSTR ATM after more than a month.

    According to data from Bitcoin Treasuries, 134 public companies now hold bitcoin on their balance sheets, continuing the trend initiated by Saylor and MicroStrategy.

    Recent adopters include Tether-backed Twenty One, Nakamoto, Trump Media, and GameStop, alongside earlier entrants such as Semler Scientific and KULR Technology Group.

    Japanese firm Metaplanet also announced on Monday that it had added 1,005 BTC to its reserves, raising its total holdings to 13,350 BTC—surpassing those of Galaxy Digital and CleanSpark.
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  • BTC trades near $107,500 as market awaits $15B+ options expiry

    BTC trades near $107,500 as market awaits $15B+ options expiry

    Bitcoin holds above $107K ahead of major quarterly options expiry

    • Bitcoin (BTC) held steady above $107,500 ahead of a major options expiry on Friday.
    • 38% of Deribit’s $40B in BTC options open interest will expire, with a “max pain” price of $102,000.
    • Bitcoin’s implied volatility has dropped from 50% in April to 38%, signaling increased market confidence.

    Bitcoin traded within a narrow range during US hours on Thursday, holding steady above the $107,000 mark as traders positioned themselves ahead of a significant quarterly options expiry scheduled for Friday.

    While the broader crypto market saw slight declines, Bitcoin’s stability belied the underlying tension of a massive volume of derivatives contracts nearing their conclusion.

    The top cryptocurrency was last changing hands around $107,500, down a negligible 0.2% over the past 24 hours.

    In contrast, the CoinDesk 20—an index tracking the top 20 digital assets excluding stablecoins, exchange coins, and some memecoins—lost 0.9% during the same period, indicating some weakness in the altcoin market.

    Market participants are keenly focused on Friday’s event, which is set to be one of the largest options expiries of the year.

    “This Friday marks one of the largest option expiries of the year on Deribit,” Jean-David Péquignot, chief commercial officer at the popular derivatives exchange Deribit, told CoinDesk.

    He noted that the total open interest for Bitcoin options currently stands at a staggering $40 billion, and a substantial 38% of these contracts are set to expire on Friday.

    A key metric that traders are watching is the “max pain” price, which is the strike price at which the largest number of options (both puts and calls) would expire worthless, theoretically causing the maximum financial loss for option holders.

    “Max pain price for Friday is at $102,000, with a put/call ratio of 0.73,” Péquignot said. This suggests a potential gravitational pull towards the $102,000 level as the expiry approaches.

    Volatility eases, but caution remains

    Despite the looming expiry, market volatility has shown signs of calming down.

    Bitcoin’s implied volatility, as measured by the Deribit DVOL index, has dropped to 38% from the 50% levels seen during a wild April.

    According to Péquignot, this could signal that “the market is increasingly confident in the cryptocurrency’s macro-hedge role.”

    However, an analysis of put-call skews reveals no clear directional bias among traders in the short term, indicating a state of market neutrality.

    Péquignot emphasized that the $105,000 level for Bitcoin is pivotal from a technical standpoint, suggesting that “technicals suggest caution if support fails.”

    He also noted that “low open interest in perps [perpetual futures] and fairly depressed Bitcoin implied volatility and skew are indicative of limited expectations for sharp price movements going into Friday’s expiry.”

    Crypto stocks show divergent performance

    In the equity markets, several crypto-related stocks managed to post gains on Thursday.

    Core Scientific (CORZ) was a standout performer, surging more than 33% following a report from The Wall Street Journal suggesting that the Bitcoin miner may soon be acquired by AI Hyperscaler CoreWeave (CRWV).

    Other notable gainers included Circle (CRCL), Coinbase (COIN), Riot Platforms (RIOT), and Hut 8 (HUT), which were all higher by 5%-7%. In contrast, Strategy (MSTR) was down nearly 1%.

    While stablecoins like USDT and USDC have been dominating US headlines recently, thanks to the GENIUS Act and Circle’s (CRCL) blockbuster IPO, a quieter but equally significant strategic adoption of these assets is reshaping cross-border finance in Asia.

    Behind the scenes, stablecoins are already playing an important role in the region’s financial plumbing.

    Asian banks are increasingly viewing stablecoins not just as a speculative asset class, but as a defensive tool to guard against potential deposit flight and to protect against lost transaction revenue.

    Amy Zhang, Head of Asia at Fireblocks, explained in a recent interview with CoinDesk that major banks across Korea, Japan, and Hong Kong are proactively exploring the creation of their own local-currency stablecoins to mitigate these emerging threats.

    “If I’m not one of the banks banking Circle or banking Tether, am I going to lose deposits?” Zhang told CoinDesk, articulating the core concern driving this exploration.

    “That’s a huge risk for banks.”

    This strategic consideration highlights a deeper, more utility-focused integration of digital assets that is unfolding in the East, often away from the glare of Western market speculation.
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  • BTC recovers to $107K after weekly volatility; focus shifts to US economic data

    BTC recovers to $107K after weekly volatility; focus shifts to US economic data

    BTC recovers to $107K after weekly volatility; focus shifts to US economic data

    • Bitcoin (BTC) is trading above $107K Thursday, up 0.7%, after a sharp rebound from below $100K earlier in the week.
    • Markets pivoted from “flight-to-safety” on Mideast tensions to a “risk-on in full force” rally.
    • US GDP and unemployment data this week, plus quarterly options/futures expiry, could bring more volatility.

    Bitcoin (BTC) is trading firmly above the $107,000 mark as the Asian trading day gets underway on Thursday, with the broader digital asset market also showing strength.

    This impressive performance comes at the end of a tumultuous week that saw markets swing dramatically from fear over Middle East conflict to a powerful risk-on rally, lifting crypto, tech stocks, and broader market sentiment in tandem.

    Looking back at the week’s events, what began as a sell-off driven by escalating tensions – with Israel and Iran trading rocket fire and a US bombing campaign on Iran’s nuclear facilities – has transformed into a textbook risk-on rally.

    The initial anxiety has given way to a surge in investor confidence, seemingly brushing off the geopolitical dangers that loomed just days ago.

    “War drums fade, risk appetite roars,” wrote the trading firm QCP Capital in its June 25 market note, perfectly capturing the sudden and dramatic shift in mood.

    Traders appeared to have priced in a resolution or simply stopped waiting for one. Instead of flight-to-safety, the move was risk-on in full force.

    This pivot was visible across multiple asset classes.

    US equities surged, oil prices retraced back to their pre-conflict levels, and shares of crypto exchange Coinbase jumped 12% on positive regulatory news.

    For Bitcoin, the strong rebound above $107,000 signals not just relief from the recent tension but a renewed sense of upward momentum, even as savvy investors keep one eye on the macroeconomic calendar and the other on potential global flashpoints.

    Navigating the swings: key data and volatility ahead

    The recent price action has been nothing short of volatile. “It’s been a week of sharp swings in crypto,” commented Gracie Lin, CEO of OKX Singapore.

    Bitcoin dipped below $100,000 earlier in the week when Middle East tensions rattled the markets, but rebounded quickly after news of a ceasefire – now trading just below its all-time high in a sharp reversal.

    Lin points to a series of upcoming US economic data releases, including GDP figures and unemployment claims due later this week, as the next potential catalysts for Bitcoin’s price movement.

    “Recent PMI numbers have held steady, but continued weakness in housing is raising questions about the broader economy,” she said.

    If Thursday’s GDP or unemployment claims come in weaker than expected, bitcoin could benefit as investors look for hedges against traditional market weakness.

    Adding another layer of potential turbulence, the quarterly expiration of Bitcoin futures and options is scheduled for June 27.

    These events often bring increased price swings as traders close out or roll over their positions. “Another bout of volatility is expected,” Lin warned.

    The bigger picture

    While short-term volatility is expected, QCP Capital, in its analysis, is looking beyond the week’s sharp swings to spotlight the structural forces that are driving Bitcoin’s evolution into a recognized macro asset.

    They point to significant institutional momentum, highlighted by events like ProCap’s $386 million BTC purchase and Coinbase’s recent regulatory win under the EU’s MiCA framework.

    “If this accumulation trend persists,” QCP wrote, “bitcoin may not just rival gold as a macro hedge but potentially in total market capitalisation.”

    This suggests a long-term bullish outlook underpinned by growing institutional adoption.

    Still, QCP adds a crucial note of caution: “Geopolitics remains an ever-present undercurrent.”

    While markets have largely shrugged off the recent Israeli strikes, new concerns are mounting over NATO–Russia tensions.

    With Western nations increasing their defense budgets and President Trump set to attend the upcoming NATO summit, the next geopolitical shock may not originate from the Middle East.

    For now, Bitcoin is riding the powerful wave of risk-on enthusiasm.

    But just beneath the surface, the fundamental battle between short-term volatility and long-term conviction, between the fading sound of war drums and the steady rhythm of institutional buying sprees, continues to define this dynamic market.
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  • BTC holds $106K; analysts point to institutional integration, on-chain innovation

    BTC holds $106K; analysts point to institutional integration, on-chain innovation

    BTC holds $106K; analysts point to institutional integration, on-chain innovation

    • Bitcoin (BTC) regained its footing, trading around $106K after a tense weekend involving a US strike on Iran.
    • Bitcoin’s resilience is attributed to its growing integration into the broader macro-financial system via institutional infrastructure.
    • Bitcoin ETFs saw massive inflows ($1.1B last week, $350M one day), cited as a major bullish tailwind.

    Bitcoin (BTC) has regained its footing, hovering around the $106,000 mark as the Asian trading week gets underway on Wednesday.

    This resilient performance comes after a tense weekend that saw the US bomb an Iranian nuclear site, with Bitcoin now pushing past levels seen earlier this month when Israel first bombed Iran.

    This stability, in the face of significant geopolitical turmoil, is increasingly being attributed to a fundamental shift in Bitcoin’s market structure and a renewed wave of innovation flocking to its blockchain.

    Part of the reason why the crypto market has recovered so swiftly alongside traditional markets is the growing correlation between the two.

    The days of Bitcoin operating in a vacuum appear to be over. “Bitcoin’s sensitivity to traditional asset classes and macroeconomic indicators has evolved markedly over the past few market cycles, reflecting its growing integration into the broader macro-financial system,” reads a recent report from Glassnode and Avenir Group.

    This integration has been facilitated by the development of a robust institutional infrastructure. “Institutional infrastructure has reshaped how capital engages with bitcoin,” the report continues.

    As a result, its market behavior is increasingly governed by structural liquidity, long-horizon positioning, and regulated access points.

    This institutional backbone was clearly visible again this week. Semir Gabeljic, director of capital formation and investment strategy at Pythagoras Investments, highlighted the significant impact of Exchange-Traded Funds (ETFs), citing them as a major tailwind.

    “The huge recent capital inflows in Bitcoin ETFs of $1.1 billion last week and even $350 million today alone” are driving the positive trend, Gabeljic noted.

    Spencer Yang, a Core Contributor to Fractal Bitcoin, added another perspective on Bitcoin’s ability to shake off the war jitters so quickly.

    He argued that, fundamentally, nothing has changed about the asset class itself as a result of the conflict in the Middle East.

    The core metrics that long-term investors look to for Bitcoin remain intact. Furthermore, other bullish on-chain signals are potentially on the way.

    “We’re seeing continued interest in protocols like BRC-20, especially with the recent upgrade, as well as Runes and Alkanes, which have been getting a lot of attention,” Yang added.

    So overall, on‑chain activity across the board is increasing thanks to these types of assets.

    The key takeaway seems to be that as Bitcoin’s market becomes increasingly defined by institutional demand and macroeconomic liquidity cycles, its price action is becoming less about knee-jerk reactions to headlines and more about long-term capital commitment.

    It is this structural shift that appears to be anchoring Bitcoin firmly above the $100,000 level, despite the surrounding noise.

    Tim Draper’s thesis

    Adding to this long-term bullish outlook, legendary venture capitalist Tim Draper has argued that the Bitcoin blockchain is becoming the new epicenter for crypto innovation.

    In a recent post on the social media platform X, Draper drew a compelling parallel, suggesting that Bitcoin is now absorbing ideas once exclusive to altcoins, much in the same way that Microsoft once consolidated the software revolution under its dominant operating system empire.

    Draper pointed to Bitcoin’s rising dominance – a metric equivalent to its “market share” in the crypto world – as evidence.

    This figure has risen to over 60%, up from 40% after the 2017 boom-bust cycle and 50% following the 2021 peak, signaling that Bitcoin is reasserting its control over the broader crypto ecosystem.

    Much like how Microsoft integrated or cloned early software success stories like Lotus 1-2-3, WordPerfect, and PowerPoint to create its powerful software suite, Draper says Bitcoin is now systematically incorporating innovations that were once the exclusive domain of altcoins.

    These include functionalities like smart contracts, decentralized finance (DeFi), ordinals (a form of on-chain digital artifacts), and low-cost layer 2 scaling solutions.

    “All the successful innovations on other platforms are now being ported to Bitcoin,” Draper wrote, describing it as an “acceleration” that mirrors the consolidation phases seen in Big Tech.

    He argued that developers are increasingly gravitating toward Bitcoin because it is the most secure and valuable blockchain.

    Draper, who runs a Bitcoin-focused accelerator with Boost VC, stated that the next generation of entrepreneurs is building on Bitcoin not just for ideological reasons, but because the infrastructure and surrounding ecosystem are now mature and ready for this new wave of development.

    “Smart entrepreneurs are always building on the platform with the strongest gravitational pull,” he wrote.

    “That platform is Bitcoin.”
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  • BTC holds above $105k ahead of FOMC

    BTC holds above $105k ahead of FOMC

    FOMC meeting

    Key takeaways

    • BTC continues to trade above $105k despite the ongoing Middle East crisis.
    • Traders are focusing on today’s FOMC meeting results, which could move the markets.

    The cryptocurrency market has been bearish since the Israel-Iran crisis began. However, Bitcoin and other major cryptocurrencies haven’t recorded heavy losses as many would have expected.

    Bitcoin, the leading cryptocurrency by market cap, lost 1.4% of its value over the last 24 hours, and still trades around the $105k region. Over the past seven days, BTC has only lost 4% of its value, an impressive feat considering the scale at which conflicts affected Bitcoin’s performance in the past.

    BTC holding around the $105k indicates that investors remain bullish despite the current market conditions. Even as BTC price continues to fluctuate, managing it in a secure bitcoin wallet is key for robust protection of your digital asset.

    Traders shift attention to today’s FOMC meeting

    While the Israel-Iran conflict continues to take centre stage, the major headline today is the FOMC meeting. The United States Federal Reserve will discuss the future path of interest rates, along with the impact that tariffs and Middle East turmoil will have on the economy.

    Analysts expect the Fed to keep interest rates unchanged, but other important signals could move the market. Investors would be watching to see if the Fed will stick with its previous forecast of two rate cuts this year. If they do, expect Bitcoin’s price to soar higher in the short term.

    While commenting on this, Bank of America economist Aditya Bhave said,

    “The Fed’s main message at the June meeting will be that it remains comfortably in wait-and-see mode. Investors should focus on Powell’s take on the softening labour data, the recent benign inflation prints, and the risks of persistent tariff-driven inflation.”

    BTC could rally to $108k amid institutional demand

    Bitcoin’s price has been able to hold the $105k level thanks to growing institutional demand. So far this week, Metaplanet and Strategy have added thousands of bitcoins to their treasuries. Furthermore, US spot Bitcoin ETFs recorded an inflow of $408.60 million on Monday, indicating strong demand among financial institutions.

    After retesting its key support at $103,430 on Tuesday, the 50-day Exponential Moving Average (EMA) has held, and Bitcoin could rally towards the $108k level in the short term. 

    BTC/USD chart

    The Relative Strength Index (RSI) momentum indicator on the daily chart is hovering around its neutral level of 50, indicating indecision among traders. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator is still within the bearish territory but could likely crossover if bulls hold their positions. 

    If Bitcoin recovers and closes above its FVG level at $108,064, it could retest its all-time high price of $111k in the coming days.
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  • Bitcoin Pepe price to jump soon as another firm plans major BTC purchases

    Bitcoin Pepe price to jump soon as another firm plans major BTC purchases

    Best crypto to buy as altcoin rotation favors low-caps: BRETT, BPEP, and TRX

    • With institutional adoption increasing, major cryptos are becoming less attractive to investors seeking outsized returns.

    • These investors are increasingly looking toward early-stage tokens such as Bitcoin Pepe.

    • The project’s presale has raised over $15.3 million.

    Bitcoin (BTC) dropped to a six-week low late Sunday, briefly falling below $98,500 after a US airstrike on Iranian nuclear facilities over the weekend heightened geopolitical tensions.

    Risk assets came under pressure as markets responded to the escalation.

    However, the dip below the $100,000 mark proved short-lived. BTC rebounded during early Monday trading, recovering to around $101,841 at the time of writing.

    Bitcoin now trades near the key psychological threshold of $100,000. A decisive close below that level could signal further downside, with the next support near Sunday’s intraday low of $98,200.

    In this volatile environment, institutional adoption remains a bright spot, with more firms looking to expand their exposure to digital assets.

    As institutional participation increases, top-tier cryptocurrencies are becoming less attractive to investors seeking outsized, asymmetric returns.

    This shift is drawing renewed interest toward early-stage tokens such as Bitcoin Pepe, which are capturing risk-on capital.

    With traders pivoting to more speculative corners of the market, assets like Bitcoin Pepe are emerging as key beneficiaries of the current momentum.

    Grant Cardone’s firm buys Bitcoin

    Real estate mogul Grant Cardone has announced Cardone Capital’s first Bitcoin purchase, marking the firm’s entry into a digital asset treasury strategy.

    Cardone Capital has added 1,000 Bitcoin (BTC), valued at approximately $101 million at current market prices, to its balance sheet.

    “First ever real estate/Bitcoin company integrated with full BTC strategy,” Cardone said in a post on X, describing the move as a combination of “the two best-in-class assets,” real estate and Bitcoin.

    He also indicated plans to add another 3,000 BTC to the firm’s holdings later this year.

    With this initial purchase, Cardone Capital surpasses mining firms Core Scientific and Cipher Mining in terms of Bitcoin holdings, according to data from BiTBO.

    Founded in 2017, Cardone Capital is a private equity real estate firm that pools investor capital to acquire multifamily residential properties.

    The firm currently manages more than 14,000 units and has an estimated $5.1 billion in assets under management.

    Bitcoin Pepe price outlook

    While Bitcoin grapples with short-term volatility, its growing institutional adoption continues to underpin overall market sentiment.

    At the same time, investors are rotating back into high-beta segments of the crypto market, with meme coins witnessing a renewed wave of inflows.

    Among the most prominent is Bitcoin Pepe, which has set itself apart by blending meme-driven appeal with a Layer 2 infrastructure narrative.

    Unlike conventional meme tokens that rely solely on viral traction, Bitcoin Pepe positions itself as the first meme-centric Layer 2 built on the Bitcoin network, seeking to deliver scalability and speed similar to Solana while anchored to Bitcoin’s base-layer security.

    The project has also secured strategic partnerships with Super Meme, Catamoto, and Plena Finance, aimed at supporting the broader utility and adoption of its ecosystem.

    Bitcoin Pepe’s presale has so far raised over $15.3 million, with its BPEP token priced at $0.0416.

    A price increase is imminent, with the next tier triggered once the presale hits $15.54 million in total funding.

    The token is slated for listing on MEXC and BitMart, with expectations that these will provide improved liquidity and visibility.

    An additional listing announcement is expected to be announced on June 30, further fueling investor interest as the presale nears completion.

    With risk appetite returning and meme coins back in focus, Bitcoin Pepe appears well-positioned to benefit from both speculative momentum and a more structurally grounded product narrative.
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  • Best crypto to buy now as analyst sees BTC making a strong comeback

    Best crypto to buy now as analyst sees BTC making a strong comeback

    Bitcoin Price Plummets

    • The Bitcoin Pepe presale has remained resilient, continuing to attract strong investor interest.

    • The project has raised over $15.3 million during its ongoing presale.

    • The BPEP token is currently priced at $0.0416.

    Bitcoin (BTC) dropped to a six-week low late Sunday, briefly falling below $98,500 after a US airstrike on Iranian nuclear facilities over the weekend intensified geopolitical tensions.

    Risk assets broadly came under pressure as markets reacted to the escalation.

    The sub-$100,000 level, however, proved short-lived.

    BTC rebounded during early Monday trading in Asia, recovering to around $101,841 at the time of writing.

    Bitcoin now hovers near the psychologically significant $100,000 threshold.

    A decisive close below that level could open the door to further downside, with the next target near Sunday’s intraday low of $98,200.

    Ethereum (ETH), Ripple (XRP), and other major altcoins extended last week’s losses, reflecting continued risk aversion across digital assets.

    In this volatile backdrop, investor interest in early-stage projects has not abated.

    Bitcoin Pepe, a meme-centric Layer 2 project, continues to draw strong presale inflows despite the broader market uncertainty.

    Arthur Hayes says BTC can bounce back

    Bitcoin prices fell below the $100,000 mark for the first time since early May, but BitMEX co-founder Arthur Hayes believes the dip is temporary.

    “The weakness shall pass,” Hayes posted on X, adding that Bitcoin will soon “leave no doubt as to its safe haven status.”

    He attributed the eventual rebound to continued central bank money printing, which he says will support Bitcoin’s long-term bullish trajectory.

    Bitcoin has been in a five-week consolidation phase, facing repeated resistance near the $110,000 level.

    The top cryptocurrency has failed three times to break higher, as short-term macroeconomic shocks — ranging from renewed tariff concerns in May to the ongoing Israel–Iran conflict — have weighed on sentiment.

    At the time of writing, most altcoins were in the red. Total market capitalization fell 0.8% to $3.12 trillion, according to CoinGecko data.

    Bitcoin Pepe’s strong show

    The crypto market has seen heightened volatility in recent months, characterised by sharp rallies, steep pullbacks, and shifting investor sentiment.

    Against this backdrop, the Bitcoin Pepe presale has remained resilient, continuing to attract steady capital inflows.

    The sustained interest suggests the project may be positioned to weather current market conditions, especially as Bitcoin is seen making a strong comeback.

    As the first meme-centric Layer 2 built on the Bitcoin network, Bitcoin Pepe seeks to redefine meme tokens by combining the security of Bitcoin’s base layer with scalability features typically associated with networks like Solana.

    This blend of technical infrastructure and cultural relevance differentiates it from other meme tokens that often lack functional utility.

    The development team has also released infrastructure visuals to improve transparency and build investor confidence.

    To support its Layer 2 ecosystem, Bitcoin Pepe has formed strategic partnerships with Super Meme, Catamoto, and Plena Finance.

    The project’s presale has raised over $15.3 million so far, with BPEP tokens priced at $0.0416.

    Listings on MEXC and BitMart are expected to enhance liquidity and visibility.

    Another major listing announcement is scheduled on June 30, adding further momentum as the presale approaches its close.
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  • Ether outperforms Bitcoin in May; ETH derivatives volume surpasses BTC on OKX

    Ether outperforms Bitcoin in May; ETH derivatives volume surpasses BTC on OKX

    Ether outperforms Bitcoin in May; ETH derivatives volume surpasses BTC on OKX

    • Ether (ETH) at $2,770, up nearly 11% this month, outperforming Bitcoin’s (BTC) 5% rise.
    • ETH (45.2%) now overshadows BTC (38.1%) in trading volume on OKX’s perpetual futures market.
    • Despite BTC volatility, institutions are “buying the dips,” with long-term holder supply growing, per Glassnode.

    As Asian markets kicked off their Thursday trading, Ether (ETH) was changing hands at $2,770, having demonstrated robust performance throughout the month.

    This strength, particularly in derivatives markets where it’s reportedly overshadowing Bitcoin (BTC), signals a growing institutional appetite for Ethereum’s structural growth potential and its pivotal role in bridging decentralized finance (DeFi) with traditional finance (TradFi).

    Meanwhile, the broader crypto landscape is seeing a significant surge in stablecoin activity, with Tron emerging as a key beneficiary.

    Ether has notably outperformed Bitcoin this month, with CoinDesk market data showing an almost 11% rise for ETH compared to BTC’s 5% gain.

    This divergence is partly attributed to increasing institutional trading demand for Ethereum. Lennix Lai, Chief Commercial Officer at crypto exchange OKX, told CoinDesk in an interview that sophisticated investors are increasingly betting on ETH, a trend evident in its derivatives market activity.

    “Ethereum is overshadowing BTC on our perpetual futures market, with ETH accounting for 45.2% of trading volume over the past week. BTC, by comparison, sits at 38.1%,” Lai revealed.

    This finding aligns with similar trends observed on other major derivatives platforms like Deribit, as CoinDesk recently reported, suggesting a significant shift in how institutional players are allocating capital within the crypto space.

    This isn’t to say that institutional interest in Bitcoin has waned. A recent report from on-chain analytics firm Glassnode indicates that despite Bitcoin’s recent price volatility, institutions have been actively “buying the dips.”

    Glassnode’s analysis showed that long-term holders (LTHs) realized over $930 million in profits per day during recent BTC rallies, a distribution level rivaling those seen at previous market cycle peaks.

    Remarkably, instead of triggering a broader sell-off, the supply held by these LTHs actually grew.

    “This dynamic highlights that maturation and accumulation pressures are outweighing distribution behavior,” Glassnode analysts wrote, noting that this is “highly atypical for late-stage bull markets.”

    Despite these underlying strengths, both leading cryptocurrencies remain susceptible to geopolitical risks and unpredictable “black swan” events, such as the recent public dispute between US President Donald Trump and tech billionaire Elon Musk.

    Such episodes serve as stark reminders that market sentiment can shift rapidly, even within structurally strong markets.

    However, beneath this surface-level volatility, institutional conviction appears to remain intact.

    Ethereum is increasingly being viewed as the preferred vehicle for accessing regulated DeFi opportunities, while Bitcoin continues to benefit from long-term accumulation by institutions, often via Exchange Traded Funds (ETFs).

    “Macro uncertainties remain, but $3,000 ETH looks increasingly likely,” Lai concluded, offering a bullish outlook for Ethereum’s near-term price potential.

    Stablecoin surge: liquidity pours in, Tron leads the charge

    The stablecoin market is experiencing a significant boom, recently hitting an all-time high market capitalization of $228 billion, marking a 17% increase year-to-date, according to a new report from CryptoQuant.

    This surge in dollar-pegged liquidity is being driven by renewed investor confidence, buoyed by factors such as the blockbuster Initial Public Offering (IPO) of stablecoin issuer Circle, rising yields in DeFi protocols, and improving regulatory clarity in the US This influx of capital is quietly redrawing the map of where liquidity resides on-chain.

    “The amount of stablecoins on centralized exchanges has also reached record high levels, supporting crypto trading liquidity,” CryptoQuant reported.

    Their data indicates that the total value of ERC20 stablecoins (those built on Ethereum) on centralized exchanges has climbed to a record $50 billion.

    Interestingly, most of this growth in exchange stablecoin reserves has been a result of the increase in USDC reserves on these platforms, which have grown by 1.6 times so far in 2025 to reach $8 billion.

    When it comes to the blockchain protocols benefiting most from these stablecoin inflows, Tron has emerged as the clear leader.

    Tron’s combination of fast transaction finality and deep integrations with major stablecoin issuers like Tether is credited with making it a “liquidity magnet.”

    Presto Research, in a recently released report echoing these findings, noted that Tron notched over $6 billion in net stablecoin inflows in May alone.

    This figure topped all other chains and positioned Tron with the second-highest number of daily active users, just behind Solana.

    Tron was also the top performer in terms of native total value locked (TVL) growth.

    In contrast, both Ethereum and Solana experienced significant stablecoin outflows and losses in bridge volume during the same period, according to Presto’s data.

    This suggests a potential lack of new yield opportunities or major protocol upgrades attractive enough to retain or draw in fresh stablecoin capital on those networks.

    Presto’s data confirms a broader trend: institutional and retail capital alike are increasingly rotating towards alternative Layer 1 and Layer 2 solutions like Base, Solana (despite recent outflows, it still attracts users), and Tron.

    The common denominators among these favored chains appear to be faster execution speeds, more dynamic and evolving ecosystems, and, in some cases, more substantial incentive programs.
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