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  • Ethereum price surges 6% to $2,800 as shorts suffer amid $500M crypto liquidation

    Ethereum price surges 6% to $2,800 as shorts suffer amid $500M crypto liquidation

    Ethereum Price

    • Ethereum’s price rose 6% to above $2,800, driven by Bitcoin’s rally to $112,000 and optimism around ETH whale activity.
    • The gains came as over $500 million in leveraged positions, including $139 million in ETH, were liquidated.
    • Institutional interest and increased buying could drive Ethereum’s price higher.

    Ethereum (ETH) rose a decent 6% in 24 hours to reach highs above $2,800, with the top altcoin buoyed by a broader market rally.

    This is after Bitcoin (BTC) soared to a new all-time high above $112,000.

    However, the sharp price movements triggered widespread liquidations, with over $500 million in leveraged positions wiped out across major exchanges.

    Most of these were shorts, with cryptocurrencies rising alongside stocks on Wednesday.

    Ethereum hits $2,800 as crypto sees market momentum

    Ethereum’s climb to $2,821 in early trading on Thursday came as Bitcoin’s breakout above $112k lifted the broader digital assets space.

    It’s this bullish sentiment that has ETH price up more than 6% and on the cusp of a breakout above $3,000.

    According to data from CoinGecko, Ethereum’s trading volume spiked by 69% to over $29.8 billion, reflecting heightened market activity.

    Apart from a broader market upswing, ETH is benefiting from regulatory developments and the anticipation of what is next for the top altcoin.

    Whales and institutions are aggressively buying ETH, with Abraxas Capital withdrawing 29,741 ETH worth $81 million from crypto exchanges Binance and Kraken.

    Lookonchain shows the transactions occurred within the last 12 hours.

    Another wallet withdrew over 25k ETH tokens worth over $70 million from Kraken.

    Notably, SharpLink Gaming, a company that holds over 205,634 ETH worth over $575 million, added to its haul with another 5,072 ETH worth over $13.5 million.

    Over $500 million in liquidation signals market volatility

    As Bitcoin and Ethereum rallied, the broader crypto market experienced over $500 million in liquidations, largely impacting leveraged traders who were caught off guard by the sharp price moves.

    Data from Coinglass shows that total liquidations surged 285% in the past 24 hours, reaching over $538 million.

    The bulk of the losses came from short positions, as traders betting against the market’s upward momentum faced significant losses.

    Ethereum alone accounted for $156 million in liquidations, with $139 million of that tied to short positions, according to Coinglass.

    Despite the liquidations, market sentiment remains cautiously optimistic, with institutional inflows into crypto exchange-traded funds (ETFs) and stablecoin reserves signaling sustained demand.

    As Bitcoin continues to set new benchmarks, Ethereum’s role as a foundational blockchain for decentralized applications ensures its relevance in the evolving crypto landscape.

    Currently, the Ethereum price has a key support zone near $2,500.

    Meanwhile, a symmetrical triangle pattern suggests upward potential and is eyeing the $2,850 resistance.

    If price breaks above $3k, it could target the $4k and all-time high levels.
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  • Bitcoin hits record high of $112,055; crypto stocks rally in response

    Bitcoin hits record high of $112,055; crypto stocks rally in response

    Bitcoin hits record high of $112,055; crypto stocks rally in response

    Bitcoin has once again smashed through its previous records, surging past the $112,000 mark for the first time in its history to set a new all-time high on July 9.

    The milestone represents a significant achievement for the leading cryptocurrency as it continues to recover from the market aftershocks of US President Donald Trump’s tariff policies and solidifies its position in an evolving financial landscape.

    As the broader crypto market continues its recovery, Bitcoin (BTC) hit a new record high of $112,055 on Tuesday. This fresh peak surpasses the previous all-time high of $111,970.17, which was set on May 22.

    The digital asset has been trading in a volatile range since then, with the area around the $110,000 level proving to be a significant psychological and technical barrier.

    Over the past several weeks, each time Bitcoin’s price neared this level, it was met with a combination of profit-taking from existing holders and increased pressure from short-sellers.

    This latest decisive break suggests a new wave of bullish momentum has taken hold.

    The journey of Bitcoin, first introduced in a 2008 white paper by its pseudonymous creator, Satoshi Nakamoto, has been remarkable.

    Launched in 2009 as the world’s first decentralized cryptocurrency, it has grown to become the largest digital asset, with a current market capitalization of $2.18 trillion.

    At the time of this report, Bitcoin accounted for nearly 65% of the total crypto market capitalization of $3.4 trillion.

    From crossing the $100 mark in April 2013 to the $1,000 mark in November of that same year, its path has been marked by staggering growth.

    It first hit the $10,000 level in November 2017 and reached a memorable peak of $69,000 in November 2021.

    Following President Trump’s victory in his second presidential election, it set a new all-time high of $76,999 in early November 2024, before crossing the landmark $100,000 target in early December 2024.

    The institutional bedrock: a maturing market

    A key factor underpinning Bitcoin’s current strength is its growing acceptance within the traditional financial system.

    With the Trump administration signaling its validation of Bitcoin through its plan to create a strategic US Bitcoin reserve, and with the continued institutional adoption led by Wall Street giants such as BlackRock (NYSE: BLK), the “king coin” appears to have found a more secure home, at least for now, within the US financial ecosystem.

    BlackRock’s iShares Bitcoin Trust, a prime example of this institutional integration, now currently owns 3.5% of the total supply of Bitcoin.

    The success of this and other spot Bitcoin ETFs has had a profound effect on institutional investment and has likely influenced the broader market optimism.

    A quiet build-up, a bullish setup?

    While the new all-time high is a headline-grabbing event, some market watchers have noted that the build-up to this moment has been relatively slow and quiet, which they interpret as a potentially bullish setup for what’s to come.

    “Crypto feels so quiet, [while] bitcoin is ready to move,” wrote Charlie Morris, chief investment officer at ByteTree, in a recent report.

    Morris pointed out that Bitcoin’s volatility has been steadily declining, a pattern that has historically preceded large upward price movements.

    This sentiment was reflected in the performance of crypto-related stocks. Shares of Strategy (MSTR) were higher by 4.4%, trading at $414, just a few dollars shy of its highest level in 2025 (though still well below its record high of $543 set late last year).

    Crypto exchange Coinbase (COIN) was ahead by 5%, and Bitcoin miners MARA Holdings (MARA) and Riot Platforms (RIOT) were both up by roughly 6%, all riding the wave of Bitcoin’s record-breaking achievement.
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  • Donald Trump Jr. backs social media startup aiming to become a crypto powerhouse

    Donald Trump Jr. backs social media startup aiming to become a crypto powerhouse

    Donald Trump Jr. invests $4M in crypto-focused startup Thumzup despite minimal revenue.

    Donald Trump Jr. has sparked fresh interest with a $4 million stake in Thumzup Media Corp., a little-known Los Angeles startup navigating the crowded world of social media and advertising tech.

    Thumzup, which pays everyday users to promote brands on Instagram, hasn’t made much noise financially as it reported just $151 in revenue and over $2 million in losses in the first quarter of 2025.

    Still, the company has become a curious symbol of a rising trend: businesses stockpiling cryptocurrency as part of their corporate strategy.

    Trump Jr.’s 350,000 shares’ worth move seems less about short-term earnings and more about backing a new kind of digital play.

    Thumzup’s board has greenlit a bold shift in strategy: allowing up to 90% of the company’s liquid assets to be held in Bitcoin.

    As of early July, the company held 19.106 BTC, roughly $2.1 million at current market value.

    While the “Bitcoin treasury” playbook has been popularized by companies like MicroStrategy, Thumzup appears to be taking it a step further.

    After raising $6 million in a recent private funding round, the board gave the go-ahead to diversify its crypto holdings to include Ethereum, Solana, Dogecoin, Litecoin, Ripple, and USD Coin.

    Company leaders say the expanded portfolio is designed not just to hedge against Bitcoin’s volatility, but also to tap into the broader upside of the crypto market.

    It also opens the door for accepting crypto payments from Thumzup’s growing base of over 1,000 advertisers.

    Trump family’s growing interest in crypto

    The Trump family is making deeper inroads into the crypto world.

    Both Donald Trump Jr. and his brother Eric are advising Dominari Securities, the firm that led Thumzup’s recent funding round and began investing in a Bitcoin ETF earlier this year.

    Eric has also taken a seat on the board of Metaplanet, a Japanese company that pivoted from the hospitality business to becoming a major Bitcoin holder.

    At the same time, Trump Media & Technology Group, which owns Truth Social, recently locked in $2.3 billion in funding, much of it reportedly aimed at Bitcoin-related investments.

    The Trump family’s deepening ties to cryptocurrency mark a sharp shift from their earlier stance. Once a vocal skeptic, former President Donald Trump now says he wants to make the US the “crypto capital of the world.”

    For the Trumps, embracing crypto isn’t just about financial opportunity, it’s also a strategic move to connect with a growing base of digital asset enthusiasts and stay relevant in a fast-changing economic landscape.
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  • Bitcoin trades near $109K amid low conviction; Trump Media files for diversified crypto ETF

    Bitcoin trades near $109K amid low conviction; Trump Media files for diversified crypto ETF

    Bitcoin trades near $109K amid low conviction; Trump Media files for diversified crypto ETF

    Bitcoin continues to trade in a narrow range as the Asian trading day begins on Wednesday, with the world’s largest digital asset changing hands above $108,900.

    This period of consolidation comes as market observers point to a lack of strong conviction, even as a new filing reveals plans from Trump Media & Technology Group to launch a diversified ‘Crypto Blue Chip ETF’.

    Bitcoin is holding its ground, and the CoinDesk 20 index, a broad measure of the largest digital assets, is up 1.7% to over 3,100, according to CoinDesk market data.

    However, the current price action feels more like a drift than a decisive rally.

    According to market observers, what separates Bitcoin’s current position from a sustained push past the $110,000 mark is a lack of clear market conviction.

    In a recent report, on-chain analytics firm Glassnode highlighted several indicators of this hesitancy.

    Spot trading volumes for Bitcoin continue to linger below their usual statistical bands, and inflows into spot Bitcoin ETFs have contracted sharply from their recent highs.

    Furthermore, institutional investors appear cautious, despite sitting on significant unrealized gains, as shown by elevated ETF Market Value to Realized Value (MVRV) ratios.

    Trading firm Wintermute, in a market update from earlier this week, described this environment as a “barbell market.”

    They pointed to a stark divide between renewed enthusiasm in high-beta, high-risk assets like memecoins, and a preference for the stability of established large-cap tokens like Bitcoin and Ethereum.

    Notably, last year’s “narrative darlings,” such as AI and DePIN (Decentralized Physical Infrastructure Networks) tokens, have lost investor attention.

    This suggests that traders are either rotating into the speculative frenzy of memecoins—many of the major ones like DOGE, SHIB, and PEPE are up over 8% in the last week—or they are staying put in the perceived safety of BTC and ETH, which are seen as battle-tested and secure.

    With global equity markets largely shrugging off recent geopolitical uncertainties, Bitcoin’s current hesitancy underscores a lingering caution among crypto traders.

    The market seems to be awaiting a clearer directional signal before making a decisive move higher, and things are likely to remain range-bound until that catalyst appears.

    Trump Media’s crypto gambit: the ‘Blue Chip ETF’

    Adding a new dimension to the crypto investment landscape, Trump Media & Technology Group (DJT) has revealed plans to launch another exchange-traded fund (ETF), this one designed to hold more than just Bitcoin and Ether.

    The Truth Social parent company, founded by President Donald Trump, filed on Tuesday to create the “Truth Social Crypto Blue Chip ETF.”

    According to the filing, the proposed fund would be composed of 70% Bitcoin and 15% Ether, complemented by an 8% allocation to Solana, 5% to Cronos, and 2% to XRP.

    The filing stated that the proposed fund would trade on the New York Stock Exchange’s Arca platform, a popular venue for ETFs.

    This news follows a move by Trump Media last month to file for two other ETFs: one that would invest 75% of its assets in Bitcoin and the remainder in Ether, and another that would be comprised solely of Bitcoin.

    In all three instances, Trump Media has indicated that the launches would happen “later this year.” Back in March, Crypto.com announced that it would partner with Trump Media to offer these ETFs.

    This series of filings underscores Trump Media’s deepening commitment to the digital asset space, following its announcement in May of a plan to raise $2.5 billion to purchase Bitcoin for its corporate treasury.

    As of the latest market data, Bitcoin was trading just below $109,000, while Ether was changing hands above $2,600.

    The other components of the proposed ETF, Solana, Cronos, and XRP, were trading at about $151, 10 cents, and $2.30, respectively.

    Shares of Trump Media (DJT) rose close to 3% on Tuesday following the filing, though they remain down more than 40% for the year 2025.
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  • DigitalX taps global crypto leaders in A$20M Bitcoin Treasury push

    DigitalX taps global crypto leaders in A$20M Bitcoin Treasury push

    DigitalX secures A$20.7M in strategic funding to expand its Bitcoin treasury

    Australian digital asset manager DigitalX has raised A$20.7 million (US$13.5 million) in a fresh round of strategic funding, deepening its commitment to a “Bitcoin-first” approach.

    The ASX-listed firm plans to use the funds to grow its Bitcoin treasury, with backing from heavyweight crypto investors like Animoca Brands, UTXO Management, and ParaFi Capital.

    DigitalX says it plans to allocate about AU$19.7 million (US$12.8 million) from its recent raise toward boosting its Bitcoin holdings, with the rest going toward offer expenses and general operations.

    In addition to the capital raise, DigitalX has bolstered its strategic advisory board with the appointments of Yat Siu, co-founder of Animoca Brands, and Hervé Larren, CEO of Airvey.io.

    Both bring deep experience in crypto and digital assets, and their involvement is expected to offer valuable insight into Bitcoin strategy and investor relations.

    The move further cements DigitalX’s position as a key player in driving institutional crypto adoption in Australia.

    Bitcoin-first Treasury approach

    DigitalX’s latest move aligns with the playbooks of global Bitcoin champions like MicroStrategy and Japan’s Metaplanet, both known for aggressively stacking Bitcoin.

    Since debuting on the ASX in 2014 as a Bitcoin miner, DigitalX has kept Bitcoin as a core asset on its balance sheet.

    Right now, it holds 65 BTC directly, along with 881,000 units of its own Bitcoin ETF (BTXX), which translates to roughly 193 BTC.

    Altogether, that adds up to a Bitcoin position worth around US$43.3 million.

    The placement, priced at A$0.074 (US$0.048) per share and bundled with attached warrants, drew strong interest from both institutional and strategic investors.

    Notably, Simon Gerovich, the CEO of Tokyo-listed Metaplanet took part in the round personally.

    The support from prominent global crypto players highlights rising institutional confidence in Bitcoin as a long-term store of value and points to a broader shift toward regulated, transparent ways to gain exposure to digital assets.

    Credibility boost

    Interim CEO Demetrios Christou called the investment a “significant milestone,” noting that both the capital and the backing from globally respected Bitcoin advocates will help DigitalX stay focused on its strategy and create long-term value for shareholders.

    Meanwhile, Yat Siu described Bitcoin as “the reserve asset of Web3 digital gold,” and pointed to DigitalX as one of the best ways for Australian investors to gain exposure to it.

    With this latest funding round, DigitalX isn’t just adding to its Bitcoin holdings, it’s also reinforcing its role as a regulated, ASX-listed bridge for both institutional and retail investors looking to tap into the Bitcoin space.
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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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  • AERO price jumps 20% as it defies crypto downturn

    AERO price jumps 20% as it defies crypto downturn

    • Aerodrome Finance token AERO is skyrocketing.
    • The AERO price has jumped 20% in 24 hours as it defies broader crypto downturn.
    • Recent Coinbase integration looks to be the key driver.

    Aerodrome Finance’s native token, $AERO, has surged by 20%, reaching $0.96.

    The token is surging despite a broader cryptocurrency market downturn, with AERO price up 74% in the past week.

    As Bitcoin and major altcoins face selling pressure, with BTC struggling below $105,000, $AERO’s resilience stands out.

    Escalating tensions in the Middle East have heightened market uncertainty, contributing to a cautious outlook for cryptocurrencies.

    However, as investors show caution amid geopolitical risks impacting global markets, $AERO is riding recent Coinbase news to eye a breakout above $1.

    There’s growing confidence in Aerodrome Finance’s decentralized exchange (DEX) ecosystem on the Base chain.

    Aerodrome Finance price: AERO pumps 20%

    While Bitcoin grapples with weekly decline and many altcoins bleed, $AERO has defied the trend, climbing 20% in a single day and 74% over the past week.

    The token has broken above its 200-day exponential moving average, hitting its highest price in over four months.

    It is now on the cusp of reclaiming the $1 mark, a level not seen since early 2024.

    This performance positions $AERO to potentially outpace most altcoins in the short term.

    AERO’s price surge is primarily driven by Coinbase’s integration of Aerodrome Finance, the second-largest DEX on Base with over $1 billion in total value locked (TVL).

    The integration, announced recently, exposes $AERO to Coinbase’s 10 million-plus users, boosting liquidity and adoption.

    Additionally, a 1.3× boosted airdrop for Coinbase One users and new token launch fees for stakers have fueled investor enthusiasm.

    AERO’s 74% weekly gain and Coinbase’s role in its rally reflect strong community sentiment.

    The Aerodrome Finance team notes the platform is getting greater attention.

    “At Aerodrome, we believe in leveling the playing field not just in the DEX space, but beyond it: Fair and transparent access to capital is as vital as fair and transparent access to information,” they posted on X.

    “[That’s] why we’re proud to announce that Aerodrome holds the 2nd highest score in @Blockworks_ new Token Transparency Framework, helping pioneer a new standard of trust in crypto.”

    Aerodrome Finance price prediction

    Analysts are optimistic about $AERO’s trajectory, given its technical breakout and fundamental catalysts.

    The token recently surpassed the 50% Fibonacci retracement level from its all-time high of $2.33 to its year-to-date low of $0.282.

    The next resistance lies at $1.04, which, if breached, could propel $AERO toward $1.50 in the near term.

    However, a pullback to $0.70 or $0.60 remains possible if market volatility intensifies.

    Long-term, $AERO’s close ties to Coinbase and its dominance on Base position it as a leader in the DEX space.

    With over 1 million tokens locked for governance and public goods, the protocol’s fundamentals remain robust.

    While Middle East tensions may cap broader market gains, $AERO’s unique catalysts suggest it could continue to outperform, potentially reaching $2 by year-end if bullish momentum persists.

     
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  • Best crypto presales to buy as JP Morgan reportedly files trademark application for JPMD

    Best crypto presales to buy as JP Morgan reportedly files trademark application for JPMD

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

    • Early-stage project Bitcoin Pepe has continued to attract strong investor interest.

    • The Bitcoin Pepe presale has raised over $14.6 million. The BPEP token is currently priced at $0.0416.

    • The team behind the ambitious project is expected to make a listing announcement later today.

    Bitcoin edged higher on Tuesday even as broader cryptocurrency markets showed mixed performance and global financial markets paused amid the ongoing conflict between Israel and Iran.

    Both stocks and cryptocurrencies dropped sharply on Friday following renewed Israeli strikes, but sentiment began to recover on Monday.

    By early Tuesday, however, momentum appeared to stall. US index futures slipped, and crypto price action turned mixed over the past 24 hours.

    Digital assets often trade in line with high-risk tech stocks, rising on investor optimism but quickly reversing when sentiment weakens.

    While geopolitical shocks typically trigger initial sell-offs, markets often stabilise and begin to rebound as traders gauge the scope and implications of the conflict.

    Following the lead of the top cryptocurrency, early-stage project Bitcoin Pepe has continued to attract strong inflows, even amid heightened market volatility.

    Since launching its presale in February, the project has maintained steady investor interest, positioning itself as a standout in the increasingly saturated meme coin space.

    JP Morgan eyes crypto expansion

    JPMorgan Chase, the largest US bank by assets and market capitalisation, has reportedly filed a trademark application for JPMD, fueling speculation of a potential move toward launching a stablecoin.

    The application, dated Sunday, was accepted by the US Patent and Trademark Office but has yet to be assigned to an examiner.

    According to the filing, the trademark covers a broad range of services in the digital asset space, including trading, exchange, transfer, and payment functions.

    It also cites use cases in blockchain-based asset issuance, brokerage, clearing, and electronic fund transfers.

    While the word “stablecoin” is absent from the filing, the language suggests a digital asset infrastructure with potential overlap in real-world asset settlement and brokerage via distributed ledger technology.

    Bitcoin Pepe’s presale continues climbs

    Even in a volatile market, the accelerating adoption of Bitcoin and digital assets by traditional finance has helped lift sentiment across the broader crypto ecosystem.

    In this risk-friendly environment, investors seeking outsized returns are rotating back into speculative plays.

    One project gaining traction is Bitcoin Pepe, which is drawing attention for its effort to merge internet meme culture with a credible Layer 2 blockchain proposition.

    Widely regarded as one of 2025’s most closely watched crypto presales, Bitcoin Pepe has set itself apart with the ambition to “build Solana on Bitcoin”—an infrastructure vision aimed at combining the Bitcoin network’s security with the scalability typically associated with Solana.

    Unlike most meme tokens that trade solely on hype, Bitcoin Pepe is backed by a technical roadmap and infrastructure-driven narrative.

    The project has raised over $14.6 million in presale funding ahead of a listing announcement today, reflecting robust investor interest.

    As capital continues flowing into early-stage assets, Bitcoin Pepe is positioning itself to ride the speculative momentum into the final days of its token sale.
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  • Best crypto to buy now as the crypto market reacts to the Trump-Musk feud

    Best crypto to buy now as the crypto market reacts to the Trump-Musk feud

    Best crypto to buy now as the crypto market reacts to the Trump-Musk feud

    • The Trump-Musk feud has triggered massive Bitcoin ETF outflows as the crypto market tumbles.
    • Ethereum ETFs remain strong despite the broader crypto fear.
    • With the Bitcoin Pepe presale ending soon, it could be the best crypto to buy now for high returns, especially once it gets listed.

    The crypto market is currently navigating a wave of uncertainty triggered by the escalating feud between US President Donald Trump and billionaire Elon Musk.

    As the tension between these two influential figures intensifies, investors are closely watching how their clash impacts cryptocurrency sentiment and capital flows.

    This discord has already sent ripples through Bitcoin ETFs, sparking outflows and shifting investor behaviour, while other crypto assets like Bitcoin Pepe, which is currently in the final stages of its token presale, are showing surprising resilience.

    Impact of the Trump-Musk feud on the crypto market

    The fallout from the Trump-Musk feud has significantly influenced market sentiment, pushing the Cryptocurrency Fear & Greed Index from “Greed” to “Neutral.”

    As a result, the global cryptocurrency market cap has dropped by 4% to around $3.35 trillion, as per Coingecko data.

    Notably, major coins including Bitcoin (BTC), Ethereum (ETH), XRP, Binance Coin (BNB), Solana (SOL), and Cardano (ADA), among others, have registered significant drops.

    Amid the worsening investor confidence, Bitcoin ETFs in the United States experienced a sharp reversal, with outflows reaching $278 million on June 5, according to Coinglass data.

    Meanwhile, Ethereum ETFs have bucked this trend, continuing a 14-day streak of inflows despite the overall market jitters.

    The feud itself has drawn widespread political and business attention, fracturing previously supportive alliances and raising questions about future government contracts and national programs linked to Musk’s SpaceX.

    Musk’s claims of credit for Trump’s 2024 election victory, coupled with serious accusations and policy threats exchanged between the two, have intensified market nervousness.

    This high-profile clash has spilled over into public discourse, stirring economic fears and influencing investor decisions across multiple asset classes, including cryptocurrencies.

    Consequently, Bitcoin ETFs have borne the brunt of the sentiment shift, while Ethereum’s improving network fundamentals and strong institutional support have sustained investor interest.

    The best crypto to buy as the broader market drops

    Despite this turbulent backdrop, Bitcoin Pepe has emerged as the standout crypto investment amid market volatility and uncertainty.

    Bitcoin Pepe is a revolutionary meme-centric Layer 2 project built on the Bitcoin blockchain, combining Solana-style scalability with Bitcoin’s unparalleled security.

    Currently, Bitcoin Pepe is in its final presale stage, with just 11 days remaining before the much-anticipated listing announcement expected on June 17..

    What sets Bitcoin Pepe apart is its unique PEP-20 token standard.

    The project also boasts a high-growth roadmap with staking rewards and strategic partnerships.

    In a market shaken by political drama and ETF outflows, Bitcoin Pepe’s blend of cutting-edge technology and strong community appeal makes it a haven for forward-looking investors.

    As established cryptocurrencies struggle to maintain a bullish trend amid the Trump-Musk fallout, Bitcoin Pepe is among the fastest-growing cryptocurrencies, offering fresh excitement and genuine potential for exponential gains.

    Investors seeking a crypto that merges security, usability, and meme culture should consider Bitcoin Pepe’s presale opportunity before it closes.

    With the listing announcement just days away, buying now positions investors to capitalise on early adoption advantages and long-term growth prospects.

    To learn more and to buy Bitcoin Pepe, check out the official website.
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  • what’s fueling the June crypto rally?

    what’s fueling the June crypto rally?

    Bitcoin, Ethereum, XRP and Dogecoin rise in June rally

    • XRP open interest hits $5 billion, signalling possible breakout.
    • Dogecoin jumps above $0.20 as traders rotate into meme tokens.
    • Analysts forecast potential highs of $137K for BTC and $12K for ETH in 2025.

    The cryptocurrency market is gaining ground again in early June 2025, with Bitcoin, Ethereum, XRP, and Dogecoin all staging notable recoveries.

    As of Tuesday, June 3, Bitcoin is trading around $105,000, Ethereum has pushed past $2,600, XRP is testing $2.20, and Dogecoin is holding near $0.20.

    The rally follows a weekend of sharp liquidations and reflects renewed appetite among retail and institutional traders alike.

    While short squeezes and technical momentum are partly behind the surge, broader macroeconomic factors and growing speculation around crypto ETFs are playing a key role in lifting sentiment.

    Bitcoin holds firm above $105,000 as whales accumulate

    Bitcoin’s price action has rebounded strongly since the end of May, recovering from a series of declines that wiped nearly $1 billion in open interest.

    After bottoming out near $101,000, BTC reversed course with four consecutive days of gains, briefly hitting $106,560.

    As of writing, Bitcoin is trading at $105,265.

    Analysts attribute the rebound to ongoing whale accumulation, with on-chain data showing that large wallets have continued to absorb selling pressure during dips.

    Bitcoin price
    Source: CoinMarketCap

    That trend, often viewed as a precursor to further rallies, has helped BTC maintain upward momentum despite broader market fatigue.

    From a macro perspective, escalating geopolitical tensions and expectations around monetary easing have bolstered Bitcoin’s image as a non-correlated asset.

    With central banks signalling policy shifts and the US dollar weakening slightly, Bitcoin is increasingly seen as a hedge against volatility.

    Technically, Bitcoin remains supported above $103,000, with upside targets extending to $108,000 in the near term.

    If buying pressure continues, models suggest a rally toward $137,000 is possible this month, while long-term forecasts still point to a potential $400,000 valuation by 2030.

    Ethereum trades near $2,615, ETF speculation boosts sentiment

    Ethereum has rallied over 7% in the past three days, recovering from lows near $2,430 to reach a session high of $2,650.83.

    It is currently trading at under $2,610.

    Ethereum price
    Source: CoinMarketCap

    Ethereum’s price momentum is supported by growing speculation that the US Securities and Exchange Commission could approve a spot Ethereum ETF in the coming weeks.

    In addition to the ETF buzz, the Ethereum Foundation’s recent reorganisation has sparked fresh interest in the blockchain.

    A stronger focus on protocol development and staking infrastructure has drawn both institutional and retail inflows.

    Ethereum remains above its key moving averages, and chart watchers are eyeing a breakout past $2,810 to trigger further gains.

    However, previous attempts to breach that level have failed, suggesting that sustained bullish pressure is needed.

    Some models forecast Ethereum could test $6,000 this year, with upside potentially extending to $12,000 if institutional demand increases significantly.

    XRP builds pressure above $2.19 as open interest surges

    XRP is showing signs of a breakout, with the token climbing nearly 7% from weekend lows and currently hovering near $2.20.

    The price reached a daily high of $2.2229 on Tuesday, driven by a sharp increase in derivatives activity. XRP is trading at $2.21 currently.

    XRP price
    Source: CoinMarketCap

    Data shows open interest in XRP contracts nearing $5 billion, signalling high expectations of a decisive move.

    This surge in open positions has fuelled speculation of a short squeeze if prices climb higher.

    While XRP has historically seen large price movements during periods of heightened open interest, the absence of a clear catalyst—such as news on Ripple’s legal battle or an ETF approval—makes direction uncertain.

    Price models suggest XRP could reach between $4.50 and $10 by year-end if conditions align, though any downside reversal may trigger sharp corrections due to the leveraged nature of current trades.

    Dogecoin spikes to $0.2013 as traders rotate into meme coins

    Dogecoin is back in the spotlight, reaching an intraday high of $0.2013 after three straight days of gains. It is currently trading around $0.195.

    Dogecoin price
    Source: CoinMarketCap

    The move reflects a common pattern during broader crypto rallies, where profits from majors like Bitcoin and Ethereum are often redirected into higher-risk meme tokens.

    The Bollinger Bands for DOGE are widening, indicating increasing volatility.

    Traders are watching resistance near $0.2310 as the next level to break. If DOGE fails to hold support at $0.1900, a retest of $0.17 is possible.

    While DOGE remains speculative, short-term technicals suggest room for further upside if market sentiment remains bullish.

    What’s driving crypto prices higher today

    A mix of factors is behind the rally across major tokens.

    These include renewed institutional demand, technical momentum, macroeconomic concerns, and anticipation of regulatory clarity.

    The possibility of more ETF approvals and the integration of crypto in traditional finance are also boosting market confidence.

    The US Federal Reserve is expected to maintain a dovish stance in the coming months, which has weakened the dollar slightly and increased the appeal of digital assets.

    Additionally, falling bond yields and reduced inflation risks have encouraged traders to shift towards alternative investments, including crypto.
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