According to data from Farside Investors, the US Bitcoin spot ETF market experienced a significant net outflow of $47.8 million on June 6th. The largest withdrawal was recorded in BlackRock’s
Elon Musk’s AI venture, xAI, is making headlines with its ambitious plan to raise $5 billion in debt financing, signaling a major push into the artificial intelligence infrastructure sector. Despite
During the early Asian session, Bitcoin is trading around $104,800, gaining nearly 2.50% in 24 hours, despite stronger-than-expected U.S. job data tempering rate cut hopes. The U.S. added 139,000 jobs in May, beating the forecast of 125,000, which suggests the economy remains resilient and gives the Federal Reserve less reason to ease monetary policy. Despite that, former President Donald Trump continued his push for looser policy. Shifting focus from Elon Musk to Fed Chair Jerome Powell, Trump called for a full 1% rate cut , which he claimed would act as “rocket fuel” for the economy. The Fed, however, is unlikely to act before September. BREAKING: Trump Demands Immediate 1% Rate Cut from Fed "Despite the obstruction by Powell, our country is doing great. Just cut the rate by one percentage point — rocket fuel!" The crypto market isn’t pricing in a rate cut — But if it comes this month, BTC could explode past… pic.twitter.com/8xY6SpKxZC — Crypto Decode (@TheCryptoDecode) June 6, 2025 Altcoins had mixed reactions: Ethereum dropped 5.5% Dogecoin fell 6.4% XRP and Solana saw milder declines For Bitcoin, some traders warn of a “liquidity trap” with heavy long positions between $99,000 and $102,000, which could trigger a sharp pullback if bulls don’t follow through. Strong jobs report lifts markets, but Trump-Musk drama still simmers… —The economy added 139K jobs in May, beating forecasts. —Bitcoin popped above $105K before retreating slightly. —Trump vs. Musk beef rocked Tesla yesterday (14% decline), but the stock is now up 5%. Will… — Bitcoin.com News (@BTCTN) June 6, 2025 Metaplanet Doubles Down on Bitcoin Strategy Japan’s Metaplanet, dubbed the nation’s “Bitcoin strategy arm”, has updated its roadmap, setting a new goal to hold 100,000 BTC by the end of 2026. That’s a dramatic leap from its original 21,000 BTC target. To fund the expansion, the firm will issue up to 555 million new shares, raising $5.4 billion , according to CEO Simon Gerovich. JAPANESE MICROSTRATEGY RAISING $5.4 BILLION TO BUY $BTC Metaplanet have stated they want to own 210,000 Bitcoin by 2027. That’s 1% of Bitcoin’s maximum supply. They currently hold 8,888 BTC ($932M) pic.twitter.com/pb43vGOvkb — Arkham (@arkham) June 6, 2025 Gerovich believes that rising global uncertainty is prompting investors to shift away from bonds and toward inflation-resistant assets, such as gold and Bitcoin. The company’s stretch goal? Holding 210,000 BTC by 2027, equivalent to 1% of Bitcoin’s total supply. Such long-term commitment could significantly tighten supply and increase institutional FOMO, fueling upward pressure on BTC prices. Bitcoin Chart Eyes Breakout; Institutions Show Up Bitcoin’s recent bounce from $100,519 has formed higher lows and is now approaching a key descending trendline. BTC sits just above the 50-period EMA on the 2-hour chart, with the MACD showing a bullish crossover, a sign that momentum is building. Bitcoin Price Chart – Source: Tradingview The key resistance range lies between $105,000 and $106,300, where horizontal resistance intersects with the trendline. Bitcoin price prediction may turn bullish upon a breakout above this level; the next upside target is $107,600. Meanwhile, MicroStrategy founder Michael Saylor has also returned to the buying table. His firm is launching a $1 billion stock offering to expand its Bitcoin holdings, following an initial raise of four times its target of $250 million. With BTC near $104K, that capital could translate to nearly 9,600 BTC. Trade Idea: Entry: Above $105,200 Target: $106,750–$107,600 Stop-Loss: $103,900 Confirmation: Watch for bullish engulfing candles or a break of the trendline If this level gives way, it could mark the start of Bitcoin’s next leg higher, powered not just by hype, but by institutions and nations placing large bets. Bitcoin Hyper Presale Hits $552K—Layer 2 Just Got a Meme-Sized Upgrade Bitcoin Hyper ($HYPER) is taking off as the first Bitcoin-native Layer 2, combining speed, scalability, and meme culture. Built to fix Bitcoin’s most significant flaws—slow transactions and high fees—it leverages the Solana Virtual Machine (SVM) to bring fast, low-cost smart contracts to the BTC ecosystem. With over $552,000 already raised, early adopters are betting big on its blend of tech innovation and meme appeal. Core Features That Set It Apart What makes Bitcoin Hyper different? It’s the only Bitcoin-based Layer 2 that combines the speed of SVM with the security of BTC’s base layer. The Canonical Bridge allows seamless BTC transfers, while low-cost gas fees and high-speed execution empower dApps, meme coins, payments, and more. Audited by Consult, it’s built for speed, trust, and scale. Staking Rewards and Utility $HYPER isn’t just a token; it powers the ecosystem. Users can stake it for high APY rewards post-launch, use it for gas fees, and access premium decentralized applications (dApps). Plus, active holders can earn bonuses via governance and early adoption initiatives. That’s real utility in a meme-capable package. Presale Now Live—Don’t Miss the Price Jump The public presale is now live, with 1 $HYPER priced at $0.011775. Over 90% of the funding goal has already been raised. Early buyers lock in the price at this stage before the next tier is introduced. Buy with crypto or card, no wallet? No problem. Web3Payments is integrated for a seamless checkout e The post Bitcoin Price Prediction: Can Strong Demand Push BTC Beyond $107K This Week? appeared first on Cryptonews .
According to recent data from Coinglass, the cryptocurrency market has experienced significant shifts in spot net flows over the past 24 hours. USDT led the inflows with a substantial $96.24
A proprietary altcoin risk model is flashing a signal with a 90% rally track record. This comes as Bitcoin’s chart forms an unprecedentedly strong macro bull structure. A potential shift in Fed monetary policy is now seen as a major catalyst for the rally. Bitcoin may be on the cusp of its most explosive growth cycle yet, according to new market analysis. The analyst argues that Bitcoin is displaying unprecedented structural patterns on its macro chart that suggest a powerful breakout, leading some market watchers to reconsider long-term forecasts that were once dismissed. Market watchers who once dismissed predictions of a $90,000 Bitcoin are now reconsidering long-term forecasts that include the possibility of reaching $1 million. These projections are grounded in historical trends, market sentiment, and current macroeconomic conditions. Moreover, altcoins are forming similarly bullish patterns, indicating a broader crypto surge. Crypto Sitting On "ROCKET FUEL" (What This Means For Altcoins) Intro 00:00 Bitcoin keeps going up 00:30 First time BTC does this 1:55 Macro events fuel the rocket 4:45 Altcoin breakout 5:30 Altcoin structure like never before 7:00 Wa… The post The Altcoin Signal That Has a 90% Track Record for Predicting Rallies Is Flashing Now appeared first on Coin Edition .
Leading ETF issuers have petitioned the U.S. Securities and Exchange Commission (SEC) to reinstate the “first-file” principle for Bitcoin ETF approvals, aiming to restore fairness and predictability in crypto regulation.
According to CoinGecko data on June 7th, Upbit’s trading volume surged to an impressive $1.347 billion within the last 24 hours. Notably, the MASK/KRW trading pair dominated the Korean won
Gemini’s confidential IPO filing with the SEC marks a pivotal step toward public market entry, signaling growing institutional interest in regulated crypto exchanges. The move aligns Gemini with peers like
As political tensions between US President Donald Trump and Elon Musk escalated yesterday, the Bitcoin (BTC) market experienced a sharp shift in sentiment, with the funding rate on Binance flipping from positive to negative within hours. Bitcoin Funding Rates Turn Negative On Binance According to a CryptoQuant Quicktake post by contributor Darkfost, BTC funding rates on Binance have once again turned negative, even as the top cryptocurrency continues to trade above the $100,000 mark at the time of writing. Related Reading: Bitcoin Upward Momentum ‘Highly Likely’ To Continue, On-Chain Data Shows The analyst attributed the sudden reversal in funding – from +0.003 to -0.004 – to the public spat between Trump and Musk on social media. This rapid shift reflects growing fear among market participants amid heightened uncertainty. Following the sentiment shift, BTC fell from the mid-$100,000 range to a low of $100,984, according to CoinGecko. Over the past two weeks, the asset has declined by 4.1%. That said, the current dip may offer a prime buying opportunity to investors. If Bitcoin rebounds strongly, it could result in a strong resurgence in buying pressure, leading to a short squeeze that may propel BTC’s price further up. Darkfost highlighted that there have been three instances during the current market cycle when BTC witnessed such deep negative funding. Notably, each of these instances were followed by a strong upward move in the cryptocurrency. For example, on October 16, 2023, BTC dipped into negative funding territory before rallying from $28,000 to $73,000. A similar pattern played out on September 9, 2024, when the asset surged from $57,000 to $108,000. The most recent case was on May 2, 2025, when BTC jumped from $97,000 to a new all-time high (ATH) of $111,000. If history repeats, then the market may see a new ATH for BTC in the coming weeks. Darkfost noted: Such extreme readings often mark moments of maximum pessimism, precisely the kind of sentiment that can precede a strong bullish reversal when the short term negativity is gone. Large Investors Increase BTC Exposure Meanwhile, Bitcoin whales – wallets holding large amounts of BTC – continue to accumulate at a rapid pace. Notably, new whales have acquired BTC worth $63 billion, reflecting strong confidence in the asset’s near-term prospects. Related Reading: Bitcoin Hash Ribbons Indicating Prime Buying Opportunity, Analyst Says Supporting this bullish outlook, recent analysis by QCR Capital indicates that large investors expect BTC to surge to as high as $130,000 by the end of Q3 2025. Additionally, the realized cap held by long-term holders has surpassed $20 billion, reinforcing positive sentiment. That said, some analysts urge caution, expecting BTC to crash below $100,000 before resuming its bullish momentum. At press time, BTC trades at $104,069, down 0.5% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Amid rising global tensions and a very public clash between Elon Musk and US President Donald Trump, Bitcoin remains resilient. The market briefly pulled back following the fallout from their confrontation, which sparked political uncertainty and triggered volatility across risk assets. Despite the dip, BTC is still holding above key support levels and consolidating just below its all-time high. However, growing speculation now centers around a potential shift in market dynamics. Many investors and analysts believe that Bitcoin dominance may have peaked, signaling a transition toward a more favorable environment for altcoins. According to top analyst Ted Pillows, BTC dominance has likely topped for this cycle, with large-cap altcoins beginning to recover rapidly. This trend is viewed by many as one of the earliest indicators of a potential altseason—a phase where altcoins outperform Bitcoin in both price and momentum. If confirmed, this transition could mark the beginning of a new chapter in the current market cycle, with Ethereum, Solana, and other major altcoins poised to capture increased investor attention. For now, Bitcoin’s ability to hold strong while altcoins rally sets the stage for a dynamic and potentially bullish market in the weeks ahead. Bitcoin Consolidates As Altcoins Begin to Shine Bitcoin is holding steady above the $103,000 level after a turbulent period marked by global tensions, political uncertainty, and increased market volatility. The leading cryptocurrency continues to consolidate just below its all-time high of $112,000, forming a crucial range between the $100,000 and $109,000 levels. This zone is becoming a key battleground between bulls and bears, as investors wait for a decisive breakout. Despite bearish sentiment creeping in amid rising US bond yields and geopolitical noise, Bitcoin has shown resilience. The market’s ability to maintain support above $100K reflects underlying strength, even as short-term momentum softens. However, according to analyst Ted Pillows, the next move may not come from Bitcoin at all. Pillows points out that Bitcoin dominance has likely peaked for this cycle, and large-cap altcoins are beginning to outperform. This trend historically signals the early stages of altseason—a period when altcoins, particularly Ethereum and other top-tier projects, gain traction and deliver stronger returns relative to BTC. The increasing strength of large caps is often a precursor to broader altcoin rotation, with mid and low-cap assets following. While Bitcoin still commands the spotlight, this shift in dominance suggests investors are becoming more confident in exploring risk-on opportunities. If BTC holds its ground while alts continue gaining, the next few months could see renewed momentum across the crypto landscape. The setup is forming for a dynamic market phase, where Bitcoin consolidates and altcoins surge. BTC Weekly Price Action: Bulls Still Hold the Line Bitcoin is currently trading at $103,732 on the weekly chart after pulling back from its all-time high near $112,000. The price continues to consolidate just below the key resistance zone marked around $109,300. Despite the retracement, BTC is holding above the $103,600 level, which aligns with strong historical demand and the breakout zone from earlier in May. The weekly candle structure remains bullish, with the price well above the 34-week EMA at $89,874 and all major SMAs (50/100/200), confirming that Bitcoin is still in a macro uptrend. However, the rejection from the $109K level for a second time suggests the market is struggling to gather enough momentum to push into price discovery. Volume on the latest pullback has not spiked significantly, which signals that the current correction may be more of a cooling-off period rather than a full trend reversal. As long as BTC stays above the $100K–$103K range, the bullish case remains intact. A weekly close back above $109,300 would be a strong signal that bulls are ready to target new highs. Until then, investors should watch the $100K psychological support closely, as a break below it could shift momentum back in favor of bears. Featured image from Dall-E, chart from TradingView