Bitcoin ( BTC ) could fall to levels last recorded in early May if a major support level fails to hold, according to a crypto trader. The trader pseudonymously known as DonAlt tells 66,500 subscribers of the TechnicalRoundup YouTube channel he’s leaning bearish on the crypto king based on his reading of Bitcoin’s daily time frame. According to the pseudonymous trader, Bitcoin could drop by up to 15% from the current price if the BTC support level, which has so far held since the flagship crypto asset reached a new all-time high of slightly under $112,000, fails. “If this support goes, this support between $98,000 and $101,000, I think you could see like a nice quick move towards $90,000 again.” Source: TechnicalRoundup/YouTube The pseudonymous trader says Bitcoin’s rally to a new all-time high of around $111,800 late last month is a “false breakout” based on the daily time frame. According to DonAlt, “good breakouts” typically do not retest previous support levels. “Basically, all the good breakouts did not retest… this one [at slightly under $112,000], a little bit different. That one is retesting, which is a sign of a lack of momentum, a lack of urgency.” The pseudonymous trader, however, says Bitcoin appears more bullish on the higher weekly and monthly time frames. “This [weekly] time frame is also bullish. It is less bullish than the monthly, though, I will say that. This is a clean breakout, this is fine, this is a strong chart on the monthly. The weekly, a little bit less so but still good.” Source: TechnicalRoundup/YouTube Bitcoin is trading at $105,713 at time of writing. ? Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney Featured Image: Shutterstock/Panuwatccn The post Bitcoin Could Crash by Double-Digit Percentage Points in a ‘Quick Move’ if This Support Level Fails, Warns Crypto Trader appeared first on The Daily Hodl .
Ethereum experiences a sharp decline near $2,400 amid market turbulence triggered by high-profile disputes involving Donald Trump and Elon Musk. The token’s recent price drop has intensified trading activity and
Sei Network has achieved a historic milestone by surpassing 600,000 daily active wallets, fueled primarily by its thriving gaming decentralized applications (DApps), despite a notable 30% decline in its token
BitcoinWorld Crypto IPOs: Arthur Hayes Warns of Explosive Market Wave Post-Circle Debut The world of finance is constantly evolving, and the lines between traditional markets and the burgeoning cryptocurrency space are blurring. A recent event has ignited significant discussion: the debut of Circle, a major player in the stablecoin arena, on the New York Stock Exchange (NYSE). This move isn’t just another company going public; according to prominent crypto figure Arthur Hayes , it could signal the start of a major trend that reshapes the crypto market . What’s the Big Deal About the Circle IPO ? Circle Internet Financial, known for operating the USDC stablecoin, recently made its highly anticipated debut on the NYSE. Unlike a traditional IPO where shares are sold directly to the public, Circle went public via a direct listing. This means existing shares held by insiders and early investors become available for trading on the exchange. Circle’s listing is significant for several reasons: Legitimacy: It brings a major crypto-native company into the fold of traditional, regulated financial markets like the Stock Market . Visibility: Listing on the NYSE provides Circle with immense visibility and access to a broader pool of institutional and retail investors who might not typically invest directly in crypto assets. Precedent: As one of the first major crypto companies to list on a premier U.S. exchange, Circle sets a precedent for others considering a similar path. The market’s initial reaction was notable. Circle’s stock saw a significant surge on its first day, closing at $83.23 after its initial reference price was set at $31. This kind of initial market enthusiasm often captures headlines and draws attention. Could This Trigger a Wave of More Crypto IPOs ? This is precisely the question Arthur Hayes raised. He suggested on social media platform X that Circle’s move is just the beginning, potentially ushering in a new era akin to the 2017 Initial Coin Offering (ICO) boom, but this time in the form of Initial Public Offerings (IPOs). The 2017 ICO boom was characterized by a rapid proliferation of new crypto tokens launched to raise funds, often leading to speculative bubbles and eventual crashes for many projects. Hayes’ comparison suggests that while the mechanism is different (IPOs vs. ICOs), the underlying market dynamics – intense speculation and a rush of capital into a specific sector – could be similar. Several factors might contribute to a potential wave of Crypto IPOs : Market Maturity: Many crypto companies founded during earlier cycles have grown, established revenue streams, and built significant user bases, making them viable candidates for traditional public offerings. Regulatory Clarity (Emerging): While still evolving, regulatory frameworks for crypto are becoming clearer in some jurisdictions, providing a more defined path for companies seeking to go public. Access to Capital: IPOs offer a way for companies to raise substantial capital from traditional investors, providing liquidity for early backers and funding for future growth. Investor Appetite: The performance of crypto assets and the increasing institutional interest in the space suggest a growing appetite among traditional investors for exposure to the crypto sector, albeit through regulated equity markets. What Does Arthur Hayes ‘ Prediction Mean for the Market? Hayes’ view is nuanced. While he sees the potential for a wave of Crypto IPOs , he also injects a note of caution, drawing directly from the lessons of the 2017 ICO frenzy. He predicts this trend could spiral into a period of intense speculation. His specific concern is that this wave might culminate in a major IPO event that attracts significant investment from traditional finance (‘fiat’ capital) but subsequently collapses or performs poorly after listing. This mirrors the fate of many hyped ICOs that failed to deliver on their promises, leading to investor losses. Hayes’ perspective highlights the inherent risks in speculative markets, whether they involve new tokens or shares of companies operating in a novel industry like crypto. The initial success of Circle’s stock could potentially fuel this speculative fervor, encouraging other companies to rush towards an IPO and investors to jump in without thorough due diligence. Potential Impact on the Wider Crypto Market A wave of Crypto IPOs could have several impacts on the broader crypto market : Increased Awareness and Adoption: Publicly traded crypto companies bring the sector into mainstream financial news and portfolios, potentially increasing awareness and attracting new users to crypto products and services. Valuation Benchmarks: Successful IPOs can provide valuation benchmarks for private crypto companies and even decentralized protocols, influencing investment in the private and public crypto space. Capital Inflow: Capital raised through IPOs could be reinvested into the crypto ecosystem, funding innovation, infrastructure, and new projects. Correlation Risk: As more crypto companies list on traditional exchanges, the correlation between the performance of crypto assets and the traditional Stock Market might increase, potentially exposing crypto investors to new forms of market risk. Talent Flow: Public companies often attract top talent, potentially drawing experienced professionals into the crypto industry. Bridging the Gap: Crypto Meets the Stock Market The move by companies like Circle to list on traditional exchanges like the NYSE represents a significant step in bridging the gap between the crypto world and the traditional Stock Market . For years, access to crypto investments for traditional investors was limited primarily to buying digital assets directly or investing in specific crypto funds. IPOs provide a familiar and regulated pathway for traditional investors to gain exposure to the growth potential of the crypto industry. This integration can lead to increased liquidity, broader institutional participation, and potentially more stable growth for the sector in the long run. However, it also means crypto companies become subject to traditional financial regulations, reporting requirements, and market pressures. Benefits and Challenges of the Crypto IPO Trend Here’s a quick look at some potential upsides and downsides: Benefits: Increased legitimacy and mainstream acceptance for the crypto industry. Access to larger pools of traditional capital for growth and innovation. Liquidity for early investors and employees of crypto companies. Potential for increased institutional investment in the crypto sector via equity markets. Greater transparency and regulatory oversight for publicly listed crypto companies. Challenges: Risk of speculative bubbles and potential market corrections, as highlighted by Arthur Hayes . Increased exposure to traditional Stock Market volatility. Regulatory hurdles and compliance costs for crypto companies going public. Potential for dilution of ownership for early investors. The performance of crypto stocks may not always directly mirror the performance of crypto assets. Actionable Insights for Investors and Enthusiasts What does this mean for you if you’re interested in the crypto market ? Keep a close eye on the pipeline of crypto companies potentially heading for IPOs. Research the fundamentals of these companies, not just the hype. Understand that investing in a crypto company’s stock is different from investing directly in cryptocurrencies. Diversify your exposure across different parts of the crypto ecosystem and traditional markets if you choose to participate in crypto-related IPOs. Be mindful of the speculative nature that Arthur Hayes warns about. Conclusion: A New Chapter or a Familiar Warning? Circle’s successful debut on the NYSE marks a significant moment, potentially opening the floodgates for more Crypto IPOs . This trend could bring unprecedented levels of traditional capital and mainstream attention to the crypto space, fostering growth and innovation. However, as the seasoned perspective of Arthur Hayes reminds us, rapid influxes of capital into nascent sectors can lead to speculative excess. The comparison to the 2017 ICO boom serves as a potent warning to temper enthusiasm with caution and focus on sustainable value rather than purely speculative gains. The coming years will reveal whether this new wave builds a lasting bridge between crypto and the Stock Market or if history, as Hayes suggests, is set to rhyme with a familiar tune of boom and bust. To learn more about the latest Crypto Market trends, explore our article on key developments shaping Crypto Market institutional adoption. This post Crypto IPOs: Arthur Hayes Warns of Explosive Market Wave Post-Circle Debut first appeared on BitcoinWorld and is written by Editorial Team
New research from cryptocurrency analysis firm Cane Island has revealed a striking fact about Bitcoin's supply dynamics. According to the company’s report, more than 6 million Bitcoins will be irretrievably lost by mid-2025. This number was just over 4 million in 2020. If current trends continue, the amount of lost BTC is expected to exceed 7 million by September 2025, meaning that more than a third of all Bitcoins ever mined will have permanently left circulation. According to Cane Island, these losses are mostly caused by the loss of private keys, the physical destruction of hardware wallets, or users passing away without leaving heirs. This also includes BTC being sent to irrevocable addresses through “burning” transactions. The research notes that the annual BTC loss rate has decreased in recent years. The annual loss rate, which was 4% in 2020, decreased to 3.3% by 2025. This decrease was achieved thanks to multi-sig wallets, institutional custody solutions, and increased user education. However, the absolute loss number naturally continues to increase over time. Related News: HOT MOMENTS: Senior FED Official Makes Important Statements About the US Economy The Cane Island report also includes an important caveat: Bitcoin’s reported market value does not reflect reality. Since the calculations take into account the entire supply, about a third of which is no longer in economic circulation. The researchers suggest that the true market value could be up to 50% lower than current calculations. Bitcoin founder Satoshi Nakamoto touched on this issue on the Bitcointalk forum in 2010 with the following words: “Lost coins make everyone else's coins a little more valuable. Think of it as a donation to everyone.” This perspective, combined with Bitcoin’s decentralized nature and limited supply model, reinforces the idea that coins leaving circulation increase the scarcity value of the remaining BTCs. *This is not investment advice. Continue Reading: How Many Bitcoins Have Been Lost Forever? Latest Data Revealed, Here’s the True Maximum BTC Supply
Bitcoin faces renewed pressure as traders anticipate a retest of the critical $100,000 support level amid declining momentum indicators. Market sentiment remains cautious with prominent figures fueling uncertainty, while upcoming
The post Fartcoin Surges Over 14% After Coinbase Roadmap Surprise-Here’s What’s Next for the Price! appeared first on Coinpedia Fintech News Fartcoin made headlines this week after a sharp 14% rally following its surprise inclusion in Coinbase’s official listing roadmap. With the trading volumes spiking over 100% in the past 24 hours, the market reaction was swift and enthusiastic. But beyond the initial excitement lies a key question: Is this the beginning of a sustainable bullish breakout or just another short-lived hype cycle? Assets added to the roadmap today: Fartcoin (FARTCOIN) and Subsquid (SQD) https://t.co/rRB9d3hSr2 — Coinbase Assets (@CoinbaseAssets) June 5, 2025 Coinbase Catalyst: What Does It Mean? Coinbase’s roadmap additions often serve as strong short-term catalysts, with many tokens being officially listed within a few weeks of announcement. For Fartcoin, this development marks a significant moment of validation in the eyes of retail traders and speculative investors alike. The roadmap’s inclusion hints at potential liquidity access and mainstream exchange visibility, which are the key factors that often drive new capital inflow. However, the lack of a confirmed listing date leaves room for uncertainty. While past examples show that roadmap tokens frequently see price appreciation, they are also susceptible to ‘buy the rumour, sell the news’ dynamics if the actual listing delays or market interest wanes. What’s Next for the Fartcoin Price Rally? Will it Reach $2? Fartcoin price is trading around $1.04 to $1.05 at press time, while the technicals are hinting towards the token attempting to flip the previous resistance into support. A clean break above $1.1 could open the path toward a more sustained rally, especially if accompanied by increasing volume and positive market sentiment. The above chart shows that the FARTCOIN price is on a growth trajectory as it defends the lower support by triggering a strong rebound. While being in the rising expanded channel, the price is expected to take a steep rise towards the resistance or maintain a consolidated ascending trend, which includes a couple of corrections, and reach $2. The RSI is trying for a bullish reversal, which substantiates the bullish claim. However, caution is warranted, as the current pattern could also form a classic bull trap, particularly if price action fails to hold above the key levels. The local support for the Fartcoin price rally remains around $0.93, which is the recent low. A drop below this level would likely invalidate the short-term bullish setup.
The post Coinbase Listing Hype Sends Fartcoin Back Into Top 100 appeared first on Coinpedia Fintech News Fartcoin is back in the spotlight! The joke-themed token jumped 12% in just one day after Coinbase added it to its listing roadmap. This doesn’t mean it’s listed yet, but it’s a strong hint, and usually, tokens on the roadmap go live within a few weeks. Traders are already betting it will follow the same pattern. Coinbase Hype Pushes Price Up Following the news, the token went up by 372% from its yearly low, with trading volume doubling to $414 million and its market cap reclaiming the $1 billion mark. The surge comes even as broader crypto sentiment dips, shaken by rising political tensions between Donald Trump and Elon Musk over digital asset regulation and economic policy. Fartcoin’s price rose to $1.06, bouncing back from a recent dip. This surge helped it enter the top 100 cryptocurrencies by market value. From a Joke to a Cult Favorite Fartcoin started as a joke. It was created in October 2024 when someone used just 2 SOL on Pump.fun to mint 1 billion coins. Most of it was sold within seconds. Still, the token caught on. It became a funny, light-hearted coin that many in the crypto world love during tough times. However, now, Fartcoin is on track to post its first positive quarterly return by the end of June, marking a major turnaround from its rough start to the year. After recording a -51% drop in Q1, Fartcoin has bounced back with a 132.5% gain so far in Q2, according to CryptoRank. The rebound follows a dramatic 735% surge to $1.64 after crashing to $0.20 in April due to tariff-related fears. Still, a 43% pullback from those highs led to a weaker May performance, which ended down 13.4%. Meanwhile, retail excitement around Fartcoin got another boost with a massive whale activity. According to smart money tracker Stalkchain , a large investor recently bought nearly $3 million worth of FARTCOIN, adding fuel to the buying momentum. These kinds of big moves from experienced players often spark more confidence among retail traders and can lead to sharp price jumps. Laughs Over Utility Fartcoin has no serious tech or real-world use. Instead, users can earn coins by submitting memes or jokes, and each trade even makes a “fart” sound. It’s all about humor and fun, not about changing the world. With Coinbase now eyeing it, Fartcoin could get more attention. And while it may not have deep value, it sure knows how to make some noise, literally and on the charts.
BitcoinWorld Bybit Card Exclusive: Up to $150 Cashback for Hassle-Free Crypto Spending DUBAI , UAE , June 6, 2025 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume, continues its advance in the crypto payment space with a limited-time campaign for the Bybit Card. Exclusive to new global users of Bybit Card , the new promotion unlocks 10% cashback in its new phase of global expansion. The evolving payment solution eliminates traditional boundaries between digital assets and real-world transactions across markets. Championing crypto freedom, the Bybit Card elevates global convenience and access to premium events and partnerships for the crypto community wherever they are headed. Since celebrating its second anniversary at Bybit’s Dubai headquarters, the Bybit Card has unlocked for its users exclusive benefits at the Grand Millennium Hotel in Dubai , and subscription perks for selected AI tools and streaming services. 30-Day Incentive: All Spending Categories Accepted Eligible for global users with more international markets unlocked, the new cashback scheme potentially offers new users an extra $150 in rewards in three simple steps: Applying for a Bybit Card subject to verification and approval Making a first-time deposit equivalent to $100 in value Spending on eligible crypto transactions with the new Bybit Card in the next 30 days for 10% cashback on all eligible transactions Existing Bybit users may also enjoy the same cashback rate up to $75 during the promotional period. Global Accessibility, Unmatched Convenience The Bybit Card serves nearly 2 million users worldwide as a gateway for secure and instant crypto spending at over 90 million global touchpoints. More than a payment tool, it also offers earning opportunities through cashback, rewards, and APR on crypto balances. Incorporating crypto into their way of life in everyday spending, Bybit Card holders can tap or swipe to pay in an instant around the world. Whether they are booking a flight with Cathay Pacific or sipping a cocktail at the Ritz, users stand to get 10% back with the Bybit Card. Key Features: Crypto convenience : seamless spending in crypto, and cash withdrawals from supported ATMs around the world with the physical card available to Mastercard holders. No annual fees and up to 8% APR on balances. Year-round perks: 100% rebates on subscriptions including Netflix, Spotify, and selected AI tools, airport lounge access, and other benefits refreshed seasonally Multi-asset support : USDC, USDT, BTC, ETH, AVAX, and more. The promotion is on a first-come, first served basis for a limited time only. Terms and conditions apply. For full benefits and more exclusive rewards, users may explore: Bybit Crypto Card: Your Ultimate Crypto Debit Card . #Bybit / #TheCryptoArk / #TheBybitCard About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube This post Bybit Card Exclusive: Up to $150 Cashback for Hassle-Free Crypto Spending first appeared on BitcoinWorld and is written by chainwire
BlockDAG is rapidly gaining traction as the leading crypto investment opportunity in 2025, surpassing established players like Cosmos, Polygon, and Algorand with its innovative technology and strong presale performance. While