Canada intensifies its stance against potential U.S. tariffs, signaling a critical juncture in North American trade relations with significant implications for key export sectors. Ontario’s government is prepared to take
Ethereum price started a fresh increase above the $2,550 zone. ETH is now facing resistance near the $2,640 and $2,665 levels. Ethereum started a fresh increase above the $2,550 level. The price is trading above $2,550 and the 100-hourly Simple Moving Average. There is a key rising channel forming with support at $2,600 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it trades below the $2,600 support zone in the near term. Ethereum Price Consolidates Gains Ethereum price started a decent upward move above the $2,500 zone, beating Bitcoin . ETH price was able to climb above the $2,520 and $2,550 resistance levels. The price even cleared the $2,600 resistance zone and tested the $2,665 level. A high was formed at $2,677 and the price is now consolidating gains. There was a minor move below the $2,620 level. The price dipped below the $2,620 level and the 23.6% Fib retracement level of the upward move from the $2,476 swing low to the $2,677 high. Ethereum price is now trading above $2,550 and the 100-hourly Simple Moving Average. There is also a key rising channel forming with support at $2,600 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $2,640 level. The next key resistance is near the $2,665 level. The first major resistance is near the $2,720 level. A clear move above the $2,720 resistance might send the price toward the $2,780 resistance. An upside break above the $2,780 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,880 resistance zone or even $2,920 in the near term. Downside Break In ETH? If Ethereum fails to clear the $2,665 resistance, it could start a fresh decline. Initial support on the downside is near the $2,600 level. The first major support sits near the $2,575 zone and the 50% Fib retracement level of the upward move from the $2,476 swing low to the $2,677 high. A clear move below the $2,575 support might push the price toward the $2,500 support. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,575 Major Resistance Level – $2,665
Singapore-based trading desk QCP Capital says the options market is sending an unmistakable signal: large players are quietly positioning for a break to $130,000 by the end of Q3, even as spot Bitcoin languishes near $105,000. $130,000 Bitcoin Bets Heating Up In a note to clients on Wednesday, the firm highlighted “a surprise uptick in job openings” that lifted risk appetite across equities, nudging the S&P 500 toward the psychologically charged 6,000 mark. “A steady NFP would cement the Fed’s narrative of a resilient labour market, reinforcing expectations that rates will remain on hold,” QCP wrote, adding that front-end Bitcoin volatility has already “slipped below 40 vol” as traders park on the sidelines before Friday’s payroll print. Despite the calm surface, options flows tell a livelier story. “September $130K calls were lifted at 47 vol,” QCP observed, pointing to “pockets of topside interest heading into Q3.” With the one-month volatility term structure now flatter than at any point since May, opportunistic funds have found it inexpensive to buy long-dated vega while selling short-dated gamma. The dynamic mirrors a broader decline in equity volatility—VIX is plumbing its own three-month lows—and has left Bitcoin’s implied curve looking “wholly normalised,” QCP noted, with skew suggesting “little directional conviction” in the near term. Related Reading: Bitcoin Price Crash: Why $107,500 And $103,500 Are The Levels To Watch That benign backdrop may not last. The desk warned that tariff frictions and Washington’s so-called “Big Beautiful Bill” could roil macro data just as the US debt-ceiling saga re-enters the headlines. “In the absence of a clear catalyst, BTC is unlikely to break materially out of its current range,” the note said, but Q3 “could prove more challenging” as fiscal risks and trade tensions “introduce potential headline volatility.” China has already flashed early signs of stress: futures volumes in 10- and 30-year Chinese government bonds have fallen to their lowest levels since February, a fact QCP attributes to “broader risk aversion and sidelined positioning.” Meanwhile, markets await any progress on an anticipated Xi-Trump dialogue—an event that could shift sentiment on tariffs. For now, however, Bitcoin remains pinned. Spot has hugged the $105,000 handle for five straight sessions, open interest is light, and realized volatility has compressed into a mid-teens annualized band—conditions that historically precede a sharp expansion. Whether that expansion resolves higher or lower hinges on the very catalysts traders are bracing for: payrolls data, central-bank rhetoric, and the tariff announcements that dominated headlines earlier in the year. Related Reading: Bitcoin 3–5 Year Holders Slow Selloff—Waiting for Higher Prices? Yet the willingness of sophisticated desks to pay up for September upside is hard to ignore. A cluster of large prints in the $130,000 strike, executed at implied vols roughly seven points above the prevailing curve, suggests at least some investors expect Bitcoin to test new highs before month-end September. QCP stops short of endorsing the trade outright but underscores the asymmetry: “With vols crushed and skew flat, the cost of owning topside gamma has rarely looked this attractive,” the firm writes. That calculus—cheap optionality against a potentially volatile macro backdrop—explains the growing divergence between spot lethargy and options optimism. If the payroll report arrives soft, the Fed pivot narrative could re-ignite; if tariff negotiations sour, Bitcoin’s digital-gold appeal may resurface. Either path feeds volatility, and volatility is precisely what long-vega buyers are banking on. At press time, BTC traded at $104,648. Featured image created with DALL.E, chart from TradingView.com
The recent House Financial Services Committee hearing on the Crypto Market Structure Bill has intensified scrutiny on former President Donald Trump’s involvement in cryptocurrency, highlighting concerns over political influence in
The Ethereum Foundation has unveiled a new treasury policy designed to optimize resource allocation and bolster its DeFi ecosystem amid a critical phase for the blockchain network. This policy introduces
COINOTAG News reports that the U.S. House Financial Services Committee is actively reviewing the comprehensive Crypto-Currency Act of 2020 (CLARITY), a 236-page legislative proposal designed to delineate regulatory oversight between
Institutional bitcoin demand is exploding as fiscal alarm bells ring louder, with major firms racing to secure digital assets amid mounting debt, sovereign downgrades, and fiat distrust. Bitcoin Demand Soars With Grayscale Citing Institutional Panic Over Fiat Crypto asset manager Grayscale Investments published its May 2025 market report on June 2, detailing how escalating U.S.
They might be selling, but they're certainly not panicked.
Bitcoin price started a fresh decline and tested the $104,200 zone. BTC is now consolidating and might struggle to clear the $106,800 resistance zone. Bitcoin started a consolidation phase above the $104,000 zone. The price is trading below $106,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $104,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it clears the $106,800 resistance zone. Bitcoin Price Dips To Support Bitcoin price started a fresh decline and traded below the $105,650 support zone . BTC even traded below the $105,200 level and tested the $104,200 zone. A low was formed at $104,279 and the price is now consolidating losses. There was a move above the $104,500 level and the 23.6% Fib retracement level of the recent decline from the $106,820 swing high to the $104,279 low. Bitcoin is now trading below $106,000 and the 100 hourly Simple moving average . There is also a connecting bullish trend line forming with support at $104,450 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $105,500 level. It is close to the 50% Fib retracement level of the recent decline from the $106,820 swing high to the $104,279 low. The first key resistance is near the $106,220 level. The next key resistance could be $106,800. A close above the $106,800 resistance might send the price further higher. In the stated case, the price could rise and test the $107,500 resistance level. Any more gains might send the price toward the $110,000 level. More Losses In BTC? If Bitcoin fails to rise above the $106,000 resistance zone, it could start another decline. Immediate support is near the $104,500 level and the trend line. The first major support is near the $104,200 level. The next support is now near the $103,200 zone. Any more losses might send the price toward the $102,500 support in the near term. The main support sits at $101,200, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $104,200, followed by $103,200. Major Resistance Levels – $105,500 and $106,800.
MoonPay has achieved a significant regulatory milestone by securing the New York BitLicense, enabling it to expand its cryptocurrency services across all 50 U.S. states. This licensing not only facilitates