Bitcoin advocates are urging Tesla CEO Elon Musk to fully embrace Bitcoin amid his escalating public feud with former President Donald Trump, highlighting the strategic advantage of adopting cryptocurrency. Industry
Ethereum ETFs have demonstrated notable resilience amid recent market volatility, outperforming Bitcoin ETFs and signaling strong institutional interest in ETH. Despite a short-term price dip, ETH’s underlying metrics suggest a
JAN3 founder Samson Mow says Elon Musk should go all in on Bitcoin before “they freeze his fiat assets.”
The cryptocurrency market experienced a significant liquidation event on June 6-7, 2025, impacting major assets such as Bitcoin and Ethereum amid heightened volatility. This market turbulence was primarily driven by
Bitcoin’s price tumbled below $100,500 yesterday, but the bulls managed to defend that level, not allowing a price slip into five-digit territory. Many altcoins have posted impressive gains over the past 24 hours following yesterday’s correction, led by a substantial pump from SUI. BTC Recovered $5K The business week started on the right foot for BTC, which jumped to $106,500 on a couple of occasions on Monday and Tuesday. However, it saw little success there, and the subsequent rejections pushed it south by about two grand. It jumped once again on Thursday after the ECB cut the interest rates to 2%, but was halted at $106,000. The online spat saga that transpired between the former allies, Elon Musk and Donald Trump, further intensified the sell-off and BTC dumped hard to $100,400 (on Bitstamp). The bulls finally stepped up at this point and prevented another decline. Just the opposite, bitcoin started to recover and jumped to $105,500 in midday trading on Friday. It couldn’t continue upward and now sits below $105,000, but it’s still 2% up on the day. Its market cap has recovered to $2.080 trillion, while its dominance over the alts stands tall at 61.5% on CG. BTCUSD. Source: TradingView SUI Bounces Hard Most altcoins tumbled on Friday but have posted impressive gains on a daily scale. Still, Ethereum continues to struggle below $2,500 following a minor jump. RP has recovered to $2.17 after a 2% increase, and similar gains are evident from BNB, SOL, DOGE, and ADA. SUI has emerged as today’s top performer, having surged by almost 9%. It now trades above $3.25. In contrast, HYPE has marked a slight decline of around 2% and is below $34 as of press time. The total crypto market cap has added over $50 billion since yesterday’s low. Consequently, the metric is now north of $3.380 trillion on CG. Cryptocurrency Market Overview. Source: QuantifyCrypto The post SUI Jumps by 9% Daily, BTC Price Recovers $5K (Weekend Watch) appeared first on CryptoPotato .
Singapore’s Monetary Authority (MAS) has introduced stringent licensing requirements for Digital Token Service Providers (DTSPs) serving overseas clients, signaling a major regulatory shift in the crypto landscape. The new framework
Trump Media & Technology Group (TMTG) is planning to raise billions of dollars via a securities offering. Although the firm has not clarified its reason for the fundraising, the company’s actions in the last few weeks raise speculation as to whether a part of the fund will be geared toward more bitcoin (BTC) acquisitions. According to the filing , TMTG intends to raise up to $12 billion by offering its common stock, preferred stock, debt securities, warrants, rights, or units to investors. TMTG to Raise $12B The terms of the offering will be provided in prospectus supplements filed with time. For now, TMTG has clarified that it intends to sell 84.6 million shares of its common stock at a value of $0.0001 each. TMTG will sell 55.8 million shares to institutional investors in a private placement at $25.72 per share for an aggregate amount of approximately $1.44 billion. The company will also offer 28.8 million shares issuable upon conversion of its 0.00% convertible senior notes due 2028 for an aggregate amount of $1 billion. The company noted that it has the flexibility to sell the shares at varying prices through different channels, including underwriters, dealers, and agents. “We provide more information about how we and the Selling Securityholders may sell the securities in the section entitled ‘Plan of Distribution.’ We will receive proceeds from the issuance and sale of our common stock, preferred stock, debt securities, warrants, rights, or units. We will not receive any proceeds from the sale of Shares by the Selling Securityholders pursuant to this prospectus,” the firm stated in the prospectus. The $2.5B BTC Purchase Earlier last week, TMTG reportedly disclosed that it was raising $3 billion to buy BTC. About 24 hours later, news emerged that the company had raised approximately $2.5 billion to implement its BTC acquisition plan. The firm raised the funds by selling $1.5 billion in stock and $1 billion in convertible notes priced at a 35% premium. TMTG holds the BTC on its balance sheet, while digital asset platforms Crypto.com and Anchorage Digital provide custody for the assets. TMTG’s latest BTC purchase and the intensifying wave of Bitcoin adoption in the corporate sector are fueling speculation that the $12 billion raised will be targeted at more BTC acquisitions. It remains to be seen whether this plays out as speculated. The post Trump Media to Raise $12B Via Securities Offering – More BTC Purchases Incoming? appeared first on CryptoPotato .
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 .