COINOTAG News reports that following a steep decline in May, where Bitcoin’s value fell by nearly 59%, its market dominance has rebounded to 62%. This figure, representing Bitcoin’s market capitalization
ProCap BTC acquired 3,724 Bitcoins, investing approximately $386 million. The company is merging with Columbus Circle Capital Corp. Continue Reading: ProCap BTC Bu Büyük Bitcoin Hamlesiyle Dikkatleri Üzerine Çekiyor The post ProCap BTC Bu Büyük Bitcoin Hamlesiyle Dikkatleri Üzerine Çekiyor appeared first on COINTURK NEWS .
NYSE applied for a rule change enabling the listing of a BTC-ETH ETF proposed by President Donald Trump’s media and tech company.
Green Minerals has adopted the Bitcoin treasury strategy as a step towards broader blockchain implementation.
Potential point of reversal for cryptocurrency market
A trader who continues to build a following with timely calls on Bitcoin ( BTC ) and altcoins is issuing a warning on the broader crypto market. Crypto analyst Benjamin Cowen tells his 1 million followers on the social media platform X that he sees Bitcoin breaking support at $100,000. “Will likely see BTC back at its bull market support band soon, back in the mid-$90,000 range.” Source: Benjamin Cowen/X The bull market support band is formed by the 20-week simple moving average (SMA) and the 21-week exponential moving average (EMA). The analyst says his prediction is based on Bitcoin’s price action in the last two years, when Bitcoin started to roll over and gave up gains in the third quarter. “I’ve mentioned for a while on Youtube that Bitcoin would likely start exhibiting some weakness around mid-June as the Q3 weakness starts to present itself. The same thing happened the last couple of years. I think the next low is around August/September.” Source: Benjamin Cowen/X At time of writing, Bitcoin is trading for $105,092. Looking at the altcoin market, Cowen warns that his expected Bitcoin correction will trigger a brutal capitulation event for alts. “It may be finally time to rip the band-aid off for ALT / BTC pairs. To the range lows!” Source: Benjamin Cowen/X A bearish altcoin versus Bitcoin chart indicates that alts are losing value faster than BTC. 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 The post Crypto Analyst Benjamin Cowen Predicts Multi-Month Correction for Bitcoin, Says Time To Rip Band-Aid Off for Altcoins appeared first on The Daily Hodl .
The cryptocurrency market’s sharp retracement may be approaching its denouement, according to prominent trader and YouTuber CryptoInsightUK, who told his followers on 23 June that XRP is “really flipping close” to completing the final leg of a corrective structure that began in early April. Final Trap Or Final Chance For XRP? In his latest video analysis, the analyst sketched a scenario in which Bitcoin grinds lower toward the $92,000–$95,000 liquidity pocket “to sweep the last standing bids,” dragging major altcoins with it. “We’ve had the extra bit of flush down that we were talking about and looking for,” he said, noting that Bitcoin already wicked to $98,200 but has yet to produce the higher-low/higher-high sequence or the bullish RSI divergence that stamped the April capitulation bottom. “I think we’re close to a bottom. I don’t quite think we’re there.” Related Reading: XRP To $30 Beyond 2026? Analyst Reveals Key BTC Ratio To Watch XRP, he argues, is tracing the same pattern at a different scale. The 4-hour chart shows a conspicuous liquidity shelf at $1.89 and a deeper block stretching to $1.73. “In a world where Bitcoin does get the flush to ninety,” he observed, “could we come and take that? Yes. … Maybe $1.85, potentially on a wick.” Although he concedes a tail-risk dip toward $1.60–$1.55, that move is “not my base case.” What makes the area compelling, in CryptoInsightUK’s view, is the clustering of spot demand on each successive stab lower. He highlighted the “big red bar” of sell-side volume that marked last week’s sweep and the immediate spike in spot bids, calling it evidence of “real accumulation rather than derivative games.” Funding rates across major venues have turned modestly positive, confirming that “people are going long,” a dynamic that could yet trigger one more liquidity vacuum as over-leveraged latecomers are forced out. Related Reading: XRP Price At Risk Of 20% Crash To $1.55 If This Level Fails To Hold Springboard For $11 XRP? Technically, the trader is watching for a textbook bullish divergence: price carves a marginally lower low while the 4-hour RSI prints a higher one, mirroring the set-up that preceded April’s 140% rally. The fixed-range volume profile on Bitcoin—where the point of control sits near $97,000—offers confluence, suggesting the broader market is attempting to base on a major support shelf before rotation into altcoins. If that pattern holds, CryptoInsightUK believes XRP is positioned for a “drastic” expansionary phase that would lift the token first to the oft-cited $8 target and then, in an over-extension, to “realistically $11 to $12.” From an idealised $1.85 entry the projection implies an upside of roughly 475%. “I put my neck on the line,” he said. “Everyone’s thinking eight. I think we over-extend that a little bit.” The analyst’s conviction rests in part on his read of Bitcoin dominance, now hovering in what he calls the “reversal box.” A final push to the upper edge could spark the long-awaited altseason, he argued, with XRP—as a large-cap, high-beta play—capturing disproportionate flows once Bitcoin volatility subsides. At press time, XRP traded at $2.1781. Featured image created with DALL.E, chart from TradingView.com
BitcoinWorld Polkadot ETF Faces Crucial SEC Delay: What This Means for Spot Crypto ETFs The crypto world holds its breath once again as the U.S. Securities and Exchange Commission (SEC) has announced an extension to its review deadline for 21Shares’ proposed spot Polkadot ETF . This move, while not unexpected given the SEC’s cautious stance on novel financial products, casts a shadow of uncertainty over the immediate future of Polkadot (DOT) gaining mainstream investment access through an exchange-traded fund. Understanding the Polkadot ETF: A Gateway to Innovation? For many in the digital asset space, a Polkadot ETF represents a significant step towards broader institutional adoption and easier access for retail investors. Unlike directly buying and holding DOT cryptocurrency, an ETF would allow investors to gain exposure to Polkadot’s price movements through traditional brokerage accounts, sidestepping the complexities of crypto exchanges, wallets, and custody. Polkadot, often hailed as a ‘blockchain of blockchains,’ aims to connect various specialized blockchains (parachains) into a single, scalable, and interoperable network. This unique architecture, along with its robust governance model, makes DOT a compelling asset for diversification within the crypto landscape. A spot ETF would directly hold DOT, providing a regulated investment vehicle that mirrors the asset’s real-time price. Decoding the SEC Delay: Why the Caution? The recent SEC Delay on the 21Shares Polkadot ETF application is a familiar pattern for anyone following the crypto market. The regulatory body has consistently cited concerns regarding investor protection, market manipulation, and the nascent nature of crypto markets as reasons for postponing decisions on spot crypto ETFs. While the SEC has approved Bitcoin and Ethereum futures ETFs, and more recently, spot Bitcoin ETFs, their approach to altcoin spot ETFs remains highly conservative. The SEC’s primary mandate is to protect investors and ensure fair and orderly markets. When reviewing an ETF application, they scrutinize several factors, including: Market Surveillance: Can the underlying market (Polkadot spot market) be adequately monitored to prevent fraud and manipulation? Custody Solutions: Are the proposed custody arrangements for the underlying DOT secure and robust? Valuation Methodologies: How will the ETF accurately price its assets, especially in volatile markets? Liquidity: Is there sufficient liquidity in the Polkadot spot market to support an ETF? The delay provides the SEC with more time to deliberate on these complex issues, especially for an asset like Polkadot which, while prominent, does not have the same market depth or regulatory clarity as Bitcoin or Ethereum. The Broader Picture: Navigating the Spot Crypto ETF Landscape The journey for any Spot Crypto ETF in the U.S. has been arduous. Bitcoin’s path to a spot ETF took over a decade, marked by numerous rejections before finally gaining approval in early 2024. Ethereum’s spot ETF applications are currently under review, facing similar scrutiny. The SEC’s hesitation with altcoins like Polkadot is amplified by concerns about their classification (security vs. commodity), liquidity, and potential for market manipulation compared to the more established Bitcoin and Ethereum markets. The approval of spot Bitcoin ETFs has, however, set a precedent and arguably opened the door for other cryptocurrencies. Yet, each altcoin presents its unique set of challenges. The SEC often looks for a regulated market of significant size for the underlying asset. While Polkadot is a top-tier cryptocurrency by market capitalization, it still lacks the extensive regulatory oversight seen in traditional financial markets. 21Shares: A Pioneer in the Crypto ETF Race The firm behind this application, 21Shares , is no stranger to the crypto ETF arena. As one of the leading global issuers of cryptocurrency exchange-traded products (ETPs), 21Shares has a strong track record of bringing innovative crypto investment vehicles to market, particularly in Europe. They were among the first to launch a Bitcoin ETP in Europe and have since expanded their offerings to include various altcoins. Their partnership with Ark Invest has also been instrumental in their U.S. efforts. Their persistent efforts to bring a Polkadot ETF to the U.S. market underscore the growing institutional demand for diversified crypto exposure beyond just Bitcoin and Ethereum. 21Shares’ expertise in structuring and managing crypto ETPs provides a strong foundation for their application, but ultimately, the decision rests with the SEC’s evolving regulatory framework. What This Means for DOT Cryptocurrency and Its Ecosystem? For holders and enthusiasts of DOT Cryptocurrency , the SEC delay is a moment of pause, not necessarily a halt. While an ETF approval would undoubtedly provide a significant price catalyst due to increased institutional demand and liquidity, the Polkadot ecosystem continues to build and innovate regardless of regulatory timelines. Polkadot’s strength lies in its technical advancements, vibrant developer community, and growing number of parachains and decentralized applications. Challenges and Opportunities Ahead: Challenges: Prolonged regulatory uncertainty can deter some institutional investors. The lack of a clear classification for DOT by the SEC adds complexity. Opportunities: The delay allows the Polkadot ecosystem to mature further, addressing any potential SEC concerns regarding market integrity and liquidity. It also provides time for more education and advocacy regarding Polkadot’s unique value proposition. The market’s reaction to such delays is often muted, as they are largely anticipated. However, the long-term trajectory for Polkadot and other altcoins gaining ETF approval remains positive as the regulatory landscape gradually adapts to the digital asset revolution. Looking Ahead: The Path to Broader Adoption The SEC’s decision on the 21Shares Polkadot ETF is more than just about one asset; it’s a barometer for the broader acceptance of altcoin ETFs in the U.S. While the current delay might test patience, it also highlights the thoroughness of the regulatory process. As the crypto market matures and gains more clarity, the prospect of diverse spot crypto ETFs becoming a reality seems increasingly likely, paving the way for easier, regulated access to assets like Polkadot. The journey towards mainstream adoption is often incremental, marked by regulatory milestones and industry innovation. The Polkadot ETF saga is another chapter in this ongoing narrative, underscoring the dynamic interplay between technological advancement and regulatory oversight in the evolving world of digital finance. To learn more about the latest crypto market trends, explore our article on key developments shaping Polkadot institutional adoption. This post Polkadot ETF Faces Crucial SEC Delay: What This Means for Spot Crypto ETFs first appeared on BitcoinWorld and is written by Editorial Team
Bitcoin has experienced sharp volatility in recent days, driven by escalating and de-escalating geopolitical tensions in the Middle East. Over the weekend, BTC broke below the key $100,000 psychological level following reports of US military strikes on Iranian nuclear facilities, sparking panic among investors. However, sentiment swiftly shifted when news of a ceasefire agreement between Israel and Iran broke, triggering a strong rally. Bitcoin surged back above $105,000, highlighting the market’s hypersensitivity to global conflict headlines. Supporting this recovery is data from the UTXO Block P/L Count Ratio Model by CryptoQuant, which offers insight into investor behavior. At the $112K peak earlier this month, the model recorded a spike to 34,000 points, signaling a wave of profit-taking as many holders sold into strength. Since then, the metric has plunged to just 216 points, suggesting that profitable selling has dried up, and a growing portion of transactions are now being realized at a loss. This shift indicates that sellers have largely stepped aside, and buyers are beginning to take control at these lower levels . As long as Bitcoin maintains strength above $100K, the path forward could favor a more stable recovery. Bitcoin Eyes Stability After Volatile Surge Bitcoin is once again at a pivotal moment, having surged more than 7% in under 25 hours to reclaim higher price levels above $105,000. While the bounce has renewed bullish hopes, Bitcoin remains firmly within the consolidation range that has defined price action since May. Despite the aggressive move, short-term direction remains unclear as global tensions—especially in the Middle East—and tightening macroeconomic conditions continue to inject volatility into the market. Top analyst Axel Adler shared fresh insights that highlight a key shift in investor behavior. According to CryptoQuant’s UTXO Block P/L Count Ratio Model, when Bitcoin hit its $112,000 all-time high earlier this month, the model spiked to 34,000 points. This marked a wave of profit-taking, as many investors capitalized on peak valuations. However, the metric has since plummeted to just 216 points, indicating that profitable sales have virtually vanished and that more participants are now realizing losses. This steep decline signals that sellers have largely exited the market, creating space for new buyers to accumulate at lower levels. The shift in behavior suggests that while downside risks still exist, a sharp price crash is less likely in the near term. With selling pressure cooling and long-term conviction returning, Bitcoin appears to be entering a more constructive phase. BTC Holds Above Key Support Amid Rebound Attempt The daily Bitcoin chart reveals a sharp bounce from the $98,200 low back toward the $105,000 region, reclaiming a critical support zone near $103,600. This level had previously acted as both support and resistance since March and is now a key battleground for bulls. Price briefly dropped below the 50-day simple moving average (SMA) but has quickly recovered above it, signaling renewed short-term strength. The bounce also comes after Bitcoin tested the 100-day SMA (near $96,000), a historically reliable area of buyer interest during corrective phases. However, despite the bullish reaction, BTC has yet to reclaim the $109,300 resistance level that capped multiple rallies since early June. The spike in volume on the most recent green candle suggests demand is returning at lower levels, validating on-chain data that indicated sellers are stepping aside. Still, Bitcoin remains in a broad consolidation pattern, and a failure to break above $109,300 would keep the current rangebound structure intact. To signal a true trend reversal and renewed momentum toward all-time highs, BTC must close decisively above $109,300. Until then, traders should expect continued choppiness as macro uncertainty and geopolitical events weigh on short-term sentiment. Featured image from Dall-E, chart from TradingView
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