The post Bitcoin (BTC) Price Analysis: Dead Cat Bounce or Full Blown Rebound? appeared first on Coinpedia Fintech News After a major downfall in the relationship between the two most powerful pro-crypto individuals, Elon Musk and Donald Trump on Thursday, Bitcoin (BTC) has led the wider crypto market in heightened volatility. The flagship coin teased below $101k in the past 24 hours before rebounding from the support level above $101,500 to trade about $104,543 on Friday, June 7, 2025, during the late North American trading session. Amid the heightened crypto volatility, which caused a significant spike in forced crypto liquidations, the fear of further short-term selloffs remains palpable. Moreover, Bitcoin’s fear and greed index dropped from over 62 percent, suggesting market greed, to about 45 percent at the time of this writing. What Next for Bitcoin Price? Since recently hitting a new all-time high of around $111,690, BTC price has been trapped in a short term falling trend. The recent rebound in the past 24 hours confirmed that BTC price continues to move in a symmetrical falling channel. From a technical analysis standpoint, the BTC price is at a crucial crossroads, which could either mean further correction or a fresh rally toward a new ATH. From the bullish point of view, BTC price has recorded a golden cross in the daily timeframe between the 50 and 200 Moving Average Simple (SMA). In the four-hour timeframe, the BTC price has been retesting the upper border of the falling channel. With the 4-hour MACD line having crossed the signal line, BTC price may continue with bullish sentiment beyond $106k. From the bearish perspective, the BTC price has not yet formed any solid reversal pattern after being trapped in a falling channel in the past few weeks. As a result, a potential close below the support level around $103,329 will trigger a correction towards the support level around $101,570.
Singapore’s Monetary Authority has introduced a stringent licensing requirement for all blockchain firms, marking a pivotal shift in the region’s crypto regulatory framework. This mandate compels Digital Token Service Providers
The United States Department of Justice (DOJ) has filed a civil forfeiture complaint seeking to seize approximately $7.74 million in cryptocurrency allegedly connected to a scheme involving North Korean IT workers. According to a June 5 press release from the DOJ, the funds were earned by remote workers using falsified identities to gain employment at blockchain-related firms. These individuals, operating on behalf of the North Korean government, reportedly used the crypto ecosystem to evade US sanctions and funnel illicit gains back to the Democratic People’s Republic of Korea (DPRK). Remote Employment, Blockchain Firms, and Laundering Tactics The frozen funds are tied to an ongoing investigation that began with an indictment in April 2023 against Sim Hyon Sop, a China-based representative of North Korea’s Foreign Trade Bank. Sim is accused of working alongside North Korean IT professionals to launder proceeds through various tactics. US officials say the seized funds represent part of a broader effort by the North Korean government to use the global cryptocurrency infrastructure to generate revenue in defiance of international sanctions. According to the DOJ complaint, the DPRK has increasingly deployed IT workers across jurisdictions including China and Russia, instructing them to find employment in the blockchain and tech sectors. These workers allegedly bypassed know-your-customer (KYC) and due diligence procedures by using stolen or forged documents to disguise their identities and locations. Their work, often compensated in stablecoins such as USDC or USDT, generated income that was eventually laundered and routed back to North Korea. To obscure the origin of the funds, the workers allegedly engaged in a variety of laundering techniques: opening accounts with fake identities, executing multiple small transfers , switching between blockchains (“chain hopping”), converting assets into different cryptocurrencies (“token swapping”), and even purchasing non-fungible tokens (NFTs) as stores of value. The proceeds were reportedly moved through online US.-based platforms and commingled to avoid detection, before being transmitted to North Korean entities through intermediaries such as Sim and Kim Sang Man. Global Coordination Targets Sanctions Evasion Kim Sang Man, named in the DOJ filing, is alleged to be the CEO of Chinyong (also known as Jinyong IT Cooperation Company), which operates under North Korea’s Ministry of Defense. Chinyong is sanctioned by the US Treasury Department and is reported to manage delegations of North Korean IT workers in countries such as Russia and Laos. Kim’s role allegedly involved transmitting funds from the IT workers to Sim, thereby completing the cycle of crypto laundering back to the North Korean government. The case represents a broader strategic focus by US agencies to disrupt illicit financing networks. Officials from the DOJ, FBI, and national security offices emphasized that targeting North Korea’s digital revenue streams is essential to enforcing sanctions and limiting funds available for military development. US businesses were also advised to review remote hiring practices to detect potential obfuscation tactics that may be used by foreign actors. Featured image created with DALL-E, Chart from TradingView
Bitcoin Futures suffer with $324 million in long position liquidations, as Trump-Musk feud goes public.
Bitcoin has continued to show strength amid rising macroeconomic uncertainty, with surging U.S. bond yields and escalating global tensions keeping markets on edge. However, recent political drama has injected new volatility into the crypto space. The world’s leading cryptocurrency experienced a sharp 5% pullback after a highly publicized clash between Elon Musk and US President Donald Trump unfolded on the social platform X. The dispute, centered around the “Big Beautiful Bill” criticized by Musk, quickly triggered reactions across financial markets. Related Reading: Solana Horizontal Support Under Pressure – Bearish Target At $142 According to top analyst Darkfost, last night marked the most significant shift in trader behavior on Binance so far in 2025. As the political spat gained attention, traders responded rapidly, viewing the event as a risk-off signal. The fallout was immediate in the derivatives market, where Binance’s net taker volume plunged from $20 million to -$135 million in under eight hours. This dramatic shift marks the largest net taker volume decline of the year, highlighting just how sensitive crypto traders remain to political developments. While Bitcoin holds key levels for now, market participants are watching closely to see if this pullback will deepen or become a launchpad for the next move higher. Bitcoin Rebounds From $100K Support But Faces Resistance Ahead Bitcoin is once again at a pivotal point after rebounding from the $100,000 support level and climbing to the $103,000 range, showing resilience despite recent volatility. The move signals strength among bulls, but the broader market remains cautious as all eyes turn to the $112,000 all-time high. A breakout above that level could ignite a new leg up, but failure to maintain momentum may lead to a deeper correction below current demand levels. Macroeconomic conditions continue to weigh on market sentiment, with rising US bond yields and escalating geopolitical tensions—particularly the public clash between Elon Musk and US President Donald Trump—injecting uncertainty into global risk assets. The reaction was clearly visible in the crypto derivatives market. Top analyst Darkfost reported that the net taker volume on Binance experienced a record shift, plunging from $20 million to -$135 million in under eight hours. This marks the largest decline in directional sentiment seen in 2025. The net taker volume reflects the imbalance between aggressive longs and shorts, and such a steep drop points to traders rapidly flipping bearish. This sharp reversal indicates fear-driven positioning. However, should Bitcoin rebound convincingly, it could trigger a cascade of short liquidations, potentially fueling a strong rally toward new highs. Related Reading: Ethereum Mirrors Bitcoin 2020 Breakout Setup – Historic Run Incoming? Price Action Details: Testing Key Level The 4-hour Bitcoin chart shows a strong rebound after briefly breaking below the $103,600 support level. BTC dipped as low as $101,159 before buyers stepped in aggressively, driving the price back to $103,826 at the time of writing. This bounce came precisely at the 200-period moving average (red line), signaling that bulls are still defending key demand zones despite recent volatility. The recovery candle printed with rising volume, suggesting renewed interest and a potential short-term trend reversal. However, Bitcoin still faces critical resistance ahead, with the 50, 100, and 200 EMAs (green, blue, purple lines) now acting as dynamic resistance between $104,600 and $107,000. A close above these levels would confirm strength and could open the door for a retest of the $109,300 resistance. Related Reading: Solana Analyst Sets $300 Target – Can Bulls Sustain A Rally? For now, the price action indicates a high-stakes battle between bulls and bears. If BTC holds above $103,600 and builds momentum, the market could regain confidence and push higher. However, failure to reclaim the moving averages may signal exhaustion and expose the price to another retest of the $100K psychological level. Featured image from Dall-E, chart from TradingView
Recent legal challenges against Bitcoin mixer Samourai Wallet have sparked significant debate over the boundaries of cryptocurrency privacy and regulatory enforcement. Crypto advocacy groups argue that prosecuting developers of non-custodial
Crypto advocacy groups have argued that the case against Bitcoin mixer Samourai Wallet is unjust. Here's why.
Institutional withdrawals from major Bitcoin spot ETFs have triggered notable market volatility, significantly impacting Bitcoin’s price trajectory. Key funds such as ARK 21Shares and Fidelity experienced substantial outflows, signaling a
Crypto price optimism is hitting record highs following Bitcoin’s recent rally, which saw it hit a new all-time high (ATH) just two weeks prior. At the same time, several top meme coins —Pepe, Trump, SPX6900, and FartCoin among them—have each reached record highs within the last six months. Investor optimism is clearly on the rise, propelling digital asset values higher. Historically, cryptocurrencies backed by robust fundamentals tend to ignite broad market upswings, supported by dedicated communities, institutional interest, and active development teams. In this context, let’s explore several prominent cryptos that analysts believe could set new all-time highs (ATHs) during the current bullish trend. Bitcoin ($BTC): The World’s Biggest Crypto Is Likely to Set Many Price ATHs Before New Year Bitcoin ($BTC) needs no introduction. The world’s biggest crypto recently hit a new price high at $111,814 on May 2 and many believe it could set several new all-time highs on its way to $150K by the end of the year, but these will be contingent on a favourable political climate. See, Bitcoin is crypto’s flagship coin. This means that anyone who believes in crypto’s future is likely to want to add some Bitcoin to their portfolio. The $2 trillion market cap digital gold is virtually single handedly holding up crypto’s $3.38 trillion market. In the last 24 hours, Bitcoin is up 0.3% to trade at $104,292 as it reverses course from a pullback down 6.9% from its ATH. This puts it in spitting distance of setting a new high watermark and even hitting $150,000, but this will need to be helped along by positive macro developments. Recent falling US inflation rates bode well for crypto on the whole, and the possibility of the pro-crypto Trump administration delivering on a US Strategic Bitcoin Reserve and comprehensive legislation before the year is out could drive Bitcoin to its next big milestone, while simultaneously pulling up the wider industry too. Solana ($SOL): DeFi Titan Riding Institutional Tailwinds Solana ($SOL) continues to distinguish itself within the DeFi ecosystem, lauded for its sophisticated smart contracts, rapid transaction speeds and ultra-low fees. With a current valuation of $81.35 billion, it has cemented itself as a formidable challenger to Ethereum in the DeFi sector. There is mounting chatter that U.S. regulatory authorities may soon approve spot ETFs tied to Solana, following in the footsteps of similar approvals for Bitcoin and Ethereum. Such a development could bolster SOL’s appeal to institutional investors. President Donald Trump has also floated the idea of including Solana in a proposed U.S. Strategic Crypto Reserve, although acquisition would be through asset seizures rather than direct purchase. Solana recently rebounded after sliding from highs above $250 in January to just over $100 in February. It has since broken above a descending trend channel and now trades at $152.76—up 1% in the last 24 hours—mirroring Bitcoin’s brief correction and rebound. Analysts now anticipate that if SOL breaches resistance at $200 and $250, it could push toward the $300 mark before the summer concludes. Ripple (XRP): Could Ripple’s Cross-Border Payment Token Reach New Heights? Ripple’s XRP token remains a key player in bridging blockchain and traditional finance, particularly for international money transfers. Renowned for facilitating fast and affordable cross-border transactions, XRP has gained attention from major global entities like the United Nations, which sees it as a useful tool for compliant and efficient financial systems. A longstanding legal standoff between Ripple and the SEC reached a key moment in 2023, when a court determined that XRP’s retail transactions do not constitute securities. This verdict brought much-needed clarity and sparked renewed investor interest. Over the past year, XRP has outpaced Bitcoin in growth, posting a 314% gain compared to Bitcoin’s 46.5% increase. Technical indicators suggest XRP may be approaching a breakout from a bullish flag pattern that has been forming between November and April, a pattern typically indicating upward momentum. If the breakout occurs, XRP could challenge the $3.50 level this summer, potentially surpassing its previous all-time high of $3.40 set on January 7, 2018. SUBBD ($SUBBD): Innovative AI-Creator Crypto in Fixed Price Early-Stage Presale Beyond blue-chip assets, savvy investors are eyeing early-stage projects with high growth potential. Token presales offer a prime opportunity to get in before mainstream adoption. One such promising initiative is SUBBD ($SUBBD) , which seeks to revolutionize the $85 billion creator economy by fusing artificial intelligence with decentralized blockchain infrastructure. The project’s primary goal is to empower content creators with greater earnings potential, increased control over their work, and reduced reliance on tech giants that typically claim large commission cuts. By facilitating direct interaction between creators and their audiences, SUBBD introduces a more equitable and transparent monetization framework. So far, the project has raised over $615,000 in early funding. The tokens are available in presale at $0.05575 each. Investors gain access to a members-only ecosystem that includes exclusive content, early access features, and various perks. Staking options are also available through the SUBBD platform, offering a fixed annual return of 20%—a compelling incentive for early backers. Follow SUBBD on X or Telegram , or visit the SUBBD website for more information. The post Crypto Price Prediction Today 6 June – Bitcoin, Solana, XRP appeared first on Cryptonews .
The upcoming Netflix-licensed reality series, House of Streams, is set to spotlight Twitch streamers competing for a high-stakes cryptocurrency prize, marking a unique intersection of digital entertainment and crypto culture.