Bitcoin’s 200-week moving average (200 WMA) has recently surpassed the $48,000 mark, signaling a significant milestone in the cryptocurrency’s long-term price trend. This key indicator, which smooths out short-term volatility,
Qubetics emerges as a transformative force in cross-border crypto payments, leveraging blockchain to enhance global financial infrastructure alongside Tron and XRP’s evolving roles. Tron’s surge in stablecoin transaction volume and
CoinShares reported a 23% drop in institutional Bitcoin ETF exposure, which fell from $27.4 billion in Q4 of 2024 to $21.2 billion in Q1 of 2025. Price depreciation and active sell-offs both played a role. Interestingly, financial advisers slightly increased their holdings, but overall sentiment shifted toward corporate treasury adoption of Bitcoin. Additionally, BlackRock’s IBIT saw record outflows in late May, while treasury-focused firms like Strategy ramped up accumulation. Meanwhile, Trump Media & Technology Group filed for a new Truth Social Bitcoin ETF with Crypto.com as custodian, but raised concerns over a clause allowing affiliated parties to front-run trades. In Romania, the postal service installed its first Bitcoin ATM. Despite positive momentum, only 4% of the global population owns Bitcoin, which means that there is still a lot of room for the crypto king to grow. Bitcoin ETF Activity Dips Bitcoin exchange-traded funds (ETFs) managed by institutional investors experienced the first quarterly decline since the approval of spot Bitcoin ETFs in the United States. A recent report from CoinShares revealed that institutional exposure to Bitcoin fell to $21.2 billion in Q1 of 2025, down from $27.4 billion in Q4 2024. This is a 23% drop. Institutions decreased their Bitcoin exposure (Source: CoinShares ) While the majority of this decrease was attributed to an 11% decline in Bitcoin's price over the period, the report also revealed that many investors actively reduced their holdings. This indicates a combination of valuation loss and deliberate selling. Interestingly, financial advisers emerged as an exception by modestly increasing their Bitcoin ETF holdings during the quarter. The broader trend, however, pointed to a shift away from ETF-driven strategies toward corporate-level adoption of Bitcoin for treasury reserves. This transition means that there is a growing preference for long-term savings and value preservation over short-term trading opportunities. Financial advisers increased their Bitcoin holdings in Q1 2025 (Source: CoinShares ) This changing investment behavior was noticed with major developments in Q2 as well. On May 30, BlackRock’s iShares Bitcoin Trust (IBIT) recorded its largest single-day outflow to date, with over $430 million withdrawn after a streak of 31 consecutive days of inflows. Meanwhile, Bitcoin treasury companies increased their holdings considerably. CoinShares data indicates that these companies held over 1.98 million BTC by the end of Q1, an 18.6% increase year-to-date. Strategy, the leading corporate holder, acquired 15,355 BTC on April 28 alone and has been consistently buying in 17 of the past 20 weeks through June 2025, according to SaylorTracker . ETF flows remained volatile during the first half of the year, and were heavily influenced by shifting macroeconomic narratives. While many institutional players looked for safety in US government bonds due to uncertain market conditions, rising bond yields suggest that confidence in these traditional havens may be diminishing. Analysts now speculate that Bitcoin's long-term growth may be fueled more by declining demand for US bonds than by continued inflows into ETFs. Trump’s Truth Social Files for Bitcoin ETF Despite these findings from CoinShares, Trump Media and Technology Group (TMTG), the company majority-owned by US President Donald Trump and parent firm of the Truth Social platform, filed with the US Securities and Exchange Commission (SEC) to launch a Bitcoin ETF. The proposed product is called the Truth Social Bitcoin ETF, and was formally introduced through an initial registration statement on Form S-1 filed on June 5. According to the company’s filing, the ETF will primarily hold Bitcoin through a custodian and is designed to reflect the performance of the cryptocurrency’s market price. Announcement from TMTG This move follows a separate submission by NYSE Arca, which proposed listing the ETF on its exchange on behalf of Yorkville America Digital, a crypto asset manager and partner of TMTG. The product, if approved, will enter the very competitive landscape of US-based Bitcoin ETFs seeking to capture institutional and retail investor interest in digital assets. One key structural feature of the proposed ETF is its partnership with Crypto.com , which is set to serve as the exclusive custodian, prime execution agent, and liquidity provider for the trust. The filing shared that Crypto.com agreed to offer certain services exclusively to the ETF’s trust, although specific management and transaction fees for the fund have not been revealed yet. The filing also contains a clause that raises eyebrows: it permits the ETF sponsor and related parties to potentially front-run the fund’s Bitcoin transactions. While such language is typically softened or accompanied by conflict-of-interest mitigation in other filings, the Truth Social Bitcoin ETF explicitly warns prospective shareholders that affiliated entities may take positions in Bitcoin that are ahead of or opposite to those of the fund, which could negatively impact the ETF’s performance. Additionally, the filing confirms that shareholders will not receive the benefits of any new assets resulting from blockchain forks. In the event of such an event, the trust will forfeit the Incidental Rights and any corresponding forked assets, essentially removing any future claim for holders. Romanian Post Installs First Bitcoin ATM Meanwhile, Poșta Română, Romania’s national postal service, recently took a big step toward digital innovation by installing its first Bitcoin ATM in a branch located in the city of Tulcea. This initiative was launched in partnership with the local crypto exchange Bitcoin Romania (BTR), and it is the beginning of a broader plan to integrate cryptocurrency services across the country. According to the official announcement , more Bitcoin ATMs are set to be deployed in other cities, including Alexandria, Piatra Neamț, Botoșani, and Nădlac. The move is part of a plan by the postal service to modernize its infrastructure and extend digital financial services to underserved and remote communities. Despite the positive momentum, Bitcoin adoption worldwide is still relatively limited. While enthusiasm continues to grow, especially among retail users and businesses adopting BTC as a payment method or a treasury reserve asset, the total number of global Bitcoin holders is still a very small fraction of the population. According to a Q1 2025 report from Bitcoin financial services firm River, only about 4% of the world’s population currently owns Bitcoin. In the United States, the figure is a bit higher at an estimated 14%. Overall, these results show that adoption is progressing unevenly across regions. River’s report also pointed out that the number of Bitcoin wallets holding more than $100 increased to almost 30 million in January, which was a 25% year-over-year rise. However, analysts warn that Bitcoin’s total addressable market remains under 1%, with limited retail penetration and institutional allocation. BTC’s market cap compared to the global market (Source: River ) Assuming Bitcoin could eventually secure a 50% share of the global store-of-value market—an estimated $225 trillion in assets such as cash, real estate, equities, precious metals, and art—its current $2 trillion market cap suggests that there is still a lot of room for long-term growth.
Total crypto market capitalization declined by around $170 billion in a fall to $3.26 trillion on June 5, its lowest level since May 8, almost a month ago. Markets are now poised for a further fall below longer-term levels if current support levels break down. However, the decline slowed during early trading in Asia on Friday morning, with a minor recovery to $3.3 trillion. Donald vs Elon The sharp decline appears to have been driven by a spat between US President Donald Trump and tech billionaire Elon Musk, who said the former’s tariffs “will cause a recession in the second half of this year,” and “Congress is spending America into bankruptcy!” on June 5. As the war of words on each of their respective social media networks escalated, and the bromance collapsed, Musk also said : “In light of the President’s statement about the cancellation of my government contracts, SpaceX will begin decommissioning its Dragon spacecraft immediately.” In light of the President’s statement about cancellation of my government contracts, @SpaceX will begin decommissioning its Dragon spacecraft immediately pic.twitter.com/NG9sijjkgW — Elon Musk (@elonmusk) June 5, 2025 For more than a week, Elon Musk has been trashing Trump’s signature piece of legislation, a spending bill called One Big Beautiful Bill. “I don’t mind Elon turning against me, but he should have done so months ago. This is one of the Greatest Bills ever presented to Congress,” said Trump on Truth Social. However, the clearly riled billionaire Tesla CEO didn’t stop there, stating on X that it was “time to drop the really big bomb: Donald Trump is in the Epstein files.” “That is the real reason they have not been made public. Have a nice day, DJT!” BREAKING: President Trump’s former White House Chief Strategist Steve Bannon calls for Elon Musk to be deported, per NY Times. https://t.co/Q82Pbhzppt — The Kobeissi Letter (@KobeissiLetter) June 5, 2025 The pair started to cool off late on Thursday with Musk’s admissions that it may be time to reconcile. $1B in Liquidations There has been almost $1 billion in crypto liquidations over the last 24 hours, according to Coinglass. Around 228,000 traders were wrecked, almost 90% of them in BTC long positions, and the total liquidations were around $988 million, it noted. However, analysts had predicted that a leverage flushout was overdue, with open interest on Bitcoin futures markets hitting all-time highs recently. Bitcoin lost almost $5,000 in a matter of hours, falling to a 4-week low just below $101,000 in late trading on Thursday. However, it found support there and recovered marginally to reach $102,800 during Asian trading on Friday. Analyst “CrypNuevo” said that a quick bounce from this level was unlikely and more consolidation could occur, unless the sell-off accelerates. $BTC update: Plan is playing out so far! Let’s see if this psychological support ($100k) can hold. A quick bounce is unlikely imo. I’d expect that, at best, a small consolidation in this area before any interesting move could be the case – unless if we break below it fast. https://t.co/iWql8N6SW7 pic.twitter.com/CIb1KpJt8i — CrypNuevo (@CrypNuevo) June 5, 2025 The post Crypto Markets See Red as Trump-Musk Bromance Ends in Flames appeared first on CryptoPotato .
Ride-hailing company Uber is exploring the use of stablecoins to streamline global payments and reduce transaction costs associated with cross-border transactions. During his appearance at the Bloomberg Tech Summit in San Francisco on 5 June, Uber CEO Dara Khosrowshahi confirmed the company is in the “study phase” of evaluating stablecoins as a potential tool for international money movement. Stablecoins offer “a practical benefit other than crypto as a store of value,” describing the technology as “super interesting” for global businesses. According to Khosrowshahi, while opinions on Bitcoin vary, stablecoins stand out for their utility in payments. “Especially for global companies that are moving money around globally, stablecoin is quite promising,” he added. Stablecoins are digital tokens engineered to mirror the value of traditional currencies, most often the US dollar. Anchored by reserves such as cash or short-term government bonds, they blend the rapid settlement and borderless nature of crypto with the trust and stability of fiat. You might also like: Circle IPO debuts strong as CRCL gains over 120% on day 1 As digital commerce scales globally, stablecoins are becoming essential infrastructure , with an increasing number of enterprises treating them as tools for financial operations . As previously reported by crypto.news, Fireblocks’ 2025 “State of Stablecoins” survey found that 90% of the surveyed financial institutions were actively integrating stablecoins into their systems. These include major banks, payment processors, and fintech platforms, many of which now process millions of stablecoin transactions each month. Speed was cited as the top advantage by nearly half the respondents, with cost savings and liquidity also ranking high on the list of strategic benefits driving adoption. Besides Uber, other major companies have also shown interest recently. Stripe’s co-founder John Collison revealed in May that the company has been in early discussions with banks on stablecoin integration. Much of the momentum behind stablecoins can be traced to a global shift toward clearer, more supportive policy frameworks. For instance, in the U.S., lawmakers introduced the bipartisan GENIUS Act , establishing a comprehensive framework for payment stablecoins by outlining various requirements for stablecoin issuers. Elsewhere, in Europe, the rollout of MiCA has set a new standard for how digital assets are treated, giving companies firmer ground to build on. At the same time, regulatory developments have also been observed across Asia, in jurisdictions such as Hong Kong , Singapore , and Pakistan , among others. Read more: Why is crypto down today? Trump-Musk fallout rattles sentiment, Dogecoin drops 20%
AlphaBay, a darknet market known as the successor to Silk Road, has reportedly received a substantial Bitcoin donation valued at $31 million, stirring significant interest across the cryptocurrency community. The
Binance Coin (BNB) continues to exhibit steady accumulation and buying pressure since March, signaling potential bullish momentum despite prolonged range-bound trading. Recent on-chain activity on the Binance Smart Chain has
Bitcoin (BTC) is beginning to flash warning signs that could disrupt its recent bullish momentum. According to some analysts, BTC risks breaking below the key $100,000 price level, potentially tumbling as low as $96,000. Bitcoin Showing Warning Signs In an X post published today, noted crypto analyst Titan of Crypto shared the following BTC daily chart. The analyst suggested that a Head and Shoulders pattern may be forming, with a possible downside target around $96,000. BTC is currently trading near the neckline of this pattern. A breakdown below this level could send the digital asset toward its next significant support zone near $96,000. For the uninitiated, the Head and Shoulders pattern is a bearish chart formation with three peaks – a higher middle peak (the head) between two lower ones (the shoulders). A break below the neckline support often signals a potential trend reversal and further downside. Fellow crypto trader TraderXO echoed Titan’s view. In a separate X post, he noted that BTC was recently rejected at the 7-day Composite Volume Profile (COMP) Value Area High (VAH). He stated: Acceptance below Value Area Low (VAL) = makes me believe we clean up the poor lows down at 103 and if that fails to stick then into the SP’s I marked out in previous tweets. 104’s continue being defended but some heavy sell flows persist. TraderXO added that the BTC market is still largely in the hands of sellers, which may trigger the unwinding of more long positions. Until selling pressure eases, there remains a risk of BTC falling to around $97,200. Analysts Say No Need To Panic While the aforementioned setups urge caution, other analysts maintain that the broader market structure remains strong. For example, crypto analyst Jelle shared the following chart, suggesting that BTC may be mirroring its previous bullish consolidation phase just below its former all-time high (ATH). Meanwhile, analyst Master of Crypto pointed to the evolving nature of Bitcoin market cycles. In an X post, he observed that bull runs have been getting longer while bear phases are shortening. He also noted that each new macro-level ATH has historically occurred in November or December. If that pattern holds, BTC could reach a new ATH in about six to seven months. Macroeconomic trends also appear to favor BTC. In an X post, market commentator Ted Pillows pointed out the ongoing breakdown in the US Dollar Index (DXY), which is typically bullish for Bitcoin and other risk-on assets. At the same time, on-chain data shows that Bitcoin whales are steadily increasing their holdings – fuelling optimism that a supply squeeze could drive prices sharply higher. At the time of writing, BTC is trading at $104,530, down 0.7% in the past 24 hours.
The recent bypass of established congressional rules during a key bill passage has ignited concerns over legislative transparency and its ripple effects on crypto market stability. This unprecedented procedural maneuver
Bitcoin's 200-week moving average has now topped $48,000