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
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
Tech behemoths Apple, Google, Airbnb, and X (formerly Twitter), among others, are reportedly exploring the integration of stablecoins into their platforms, according to multiple industry sources familiar with the matter. Stablecoins are cryptocurrencies pegged to stable assets , such as the US dollar. They provide the advantages of blockchain but without the volatility that has plagued more traditional crypto tokens like Bitcoin. These discussions are occurring as demand increases for faster, cheaper cross-border payments. The positives are also obvious for tech companies like Airbnb, which are globally reachable. Accepting stablecoins could also avert steep fees charged by credit card networks such as Visa and Mastercard. An Airbnb spokesperson said that the company is “always looking at all aspects of payments” for improving user experience , but it is also looking into digital assets. According to previous reports, X has reportedly expressed an interest in adding stablecoin payments to its upcoming payments product, X Money. According to sources, Elon Musk’s team has been in touch with crypto companies, and the company is in talks with Stripe about integration. The aim is to realize Musk’s ideal of an “ everything app ” that blends social media, payments, and commerce. Apple is also keen on stablecoin functionality through its Apple Pay infrastructure. Sources hint the tech firm has been in talks with Circle, the minters of the hugely popular USDC stablecoin, since early this year. Google was interested, too, it was reported. Rich Widmann, who leads Web3 strategy at Google Cloud, has called stablecoins “one of the biggest upgrades to payments since the SWIFT network.” Stripe bets on stablecoins with bold acquisition Stripe, one of the world’s largest payment processors, has made a bold bet. It recently purchased Bridge, a stablecoin infrastructure startup with funding from vendor capital firm Haun Ventures. Bridge has been working on tools to enable businesses to implement stablecoin payments quickly and securely. Stripe’s purchase of Bridge was interpreted as a sign that stablecoins have turned the corner in Silicon Valley. The deal also gave Stripe a technical advantage — Bridge’s infrastructure will be used to assist Stripe in making it possible for accounts and payments to be made in a stablecoin, which is important for global freelancers and marketplaces. Visa has followed suit by rolling out pilots for issuing stablecoin-linked cards with Bridge in April 2025. The sources say Airbnb is discussing with one of its existing payment partners the incorporation of one of the popular stablecoins to facilitate easy payment processes. Worldpay recently disclosed that it would facilitate stablecoin payouts by partnering with BNVK, a crypto infrastructure provider. Trump administration eases crypto regulations In the United States, legislators are considering two bills to regulate stablecoins. The most high-profile, known as the GENIUS Act , details consumer protections, reserve requirements, and oversight mechanisms for issuers of digital dollars. Big Tech was hesitant about crypto in part because of scrutiny under the Biden administration. But the political winds are shifting. The second term of Donald Trump has injected vitality into the realm of blockchain. His administration has pursued a more hands-off approach, pushing agencies to roll back rules and embrace crypto innovation. This policy change has reawakened some dormant dreams. Two years after regulatory opposition forced Meta to mothball its Diem stablecoin project, the parent company reconsidered its views on crypto payments. Uber’s chief executive, Dara Khosrowshahi, said recently that the ride-hailing company is examining the use of stablecoins for its global transfers. Uber’s interest is further evidence of a broader trend circulating throughout tech circles, not just a niche idea. For now, the tone is most cautious among most firms, including Google and Airbnb. They are not promising instant launches. However, their research, alliances, and internal experiments indicate that they are gaining confidence in the future for stablecoins. KEY Difference Wire helps crypto brands break through and dominate headlines fast
Bitcoin (BTC) dropped sharply over the past 24 hours, nearing the $100,000 mark with an intraday low of $100,984. This price movement reflects increased volatility across the crypto market following a public exchange on social media between US President Donald Trump and Tesla CEO Elon Musk. Their clash appears to have triggered a wave of risk-off sentiment among traders. In response, the global crypto market cap slipped 4%, falling from over $3.4 trillion yesterday to $3.33 trillion. Meanwhile, the broader market correction has not gone unnoticed in derivatives data. Related Reading: Crypto Analyst Warns: This Bitcoin Bull Cycle Looks Nothing Like 2017 or 2021 Derivative Metrics Reveal Bearish Sentiment Spike According to CryptoQuant analyst Darkfost, the Binance net taker volume, a metric that measures the difference between aggressive longs and shorts, fell dramatically from $20 million to -$135 million in under eight hours. This signals a sharp pivot in sentiment, as traders rushed to hedge or speculate on downside risk in response to the unfolding news. Darkfost emphasized that this was the largest intraday net taker volume reversal observed on Binance this year. The abrupt shift reflects how quickly sentiment can change when macro-level narratives or influential figures dominate headlines. In this case, the market responded swiftly to perceived uncertainty, leading to a concentration of short positions and significant selling pressure. The situation also led to a notable change in BTC perpetual futures funding rates. Funding on Binance turned negative after briefly trending toward positive territory, dropping from +0.003 to below -0.004. This indicates that short sellers were willing to pay a premium to maintain bearish positions, underscoring rising fear and potentially overextended downside bets. 🔔When Funding rates turns negative. 🔹 Buying or considering a long position is often wise when funding rates turn highly negative, especially if the price starts to trend upward. This typically signals a disbelief sentiment among traders, creating strong contrarian… pic.twitter.com/LGyHU9uNNK — Darkfost (@Darkfost_Coc) June 6, 2025 Bitcoin Past Patterns Suggest Potential for Reversal Historically, deeply negative funding rates have been followed by strong recoveries in Bitcoin’s price. Darkfost noted three previous events where similar funding shifts led to large rallies: October 2023 (BTC surged from $28,000 to $73,000), September 2024 (from $57,000 to $108,000), and May 2025 (from $97,000 to $111,000). Related Reading: Bitcoin’s Key Investors Double Down, Buy Another 79,000 BTC While not guaranteed, these patterns suggest that extreme pessimism can sometimes signal market turning points. The only recent exception occurred in March 2025 following trade tariff announcements, which led to a continued decline. Still, many traders are watching closely for signs of a short squeeze, where price rebounds force short sellers to cover, amplifying upward momentum. Featured image created with DALL-E, Chart from TreadingView
Metaplanet Inc. has announced a $5.4 billion equity raise to significantly increase its bitcoin holdings to 210,000 BTC by 2027, representing approximately 1% of the total bitcoin supply. Japanese Firm Aims for 1% of Bitcoin Supply with Ambitious Acquisition Strategy Metaplanet Inc., a Tokyo-listed investment company, has unveiled an ambitious plan to raise $5.4 billion