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  • Trade & Safe‑Haven Dynamics; Geopolitical Ripples, 17 June, 2025

      1. Market Overview Yesterday, the global crypto market cap rose ~0.9%, reaching $3.31 trillion, as Bitcoin and several altcoins rebounded following recent volatility. Bitcoin climbed 1.2% to about $106,800 after holding above the $106K mark. Ethereum saw modest gains, nudging 0.1% higher to around $2,600, though it remains below recent highs. Solana surged ~7%, outpacing most top-tier tokens amid renewed buying interest. UNI jumped over 7%, breaking past $7.70, with analysts eyeing a move toward $10.   2. Crypto Market Sentiment Investor sentiment showed signs of stabilization: Renewed U.S.–China trade tensions prompted some flight to crypto as a partial safe haven, even as broader risk-on dynamics resumed. The ongoing Israel–Iran conflict remained a critical backdrop, with cautious optimism emerging after reports of de‑escalation. Overall, crypto is increasingly viewed as a barometer of both risk appetite and geopolitical risk, with mixed reactions across assets. 3. Key Developments Trade & Safe‑Haven Dynamics: On June 16, Bitcoin dipped slightly (–0.3%) amid trade fears but rebounded as investors interpreted crypto as both a hedge against macro risk and risk-on instrument. Altcoin Standouts: Solana rallied ~7% and UNI surged 7.3%, with analyst Ali Martinez describing UNI’s move as “breaking out with momentum,” signaling increased interest in high-growth altcoins. Geopolitical Ripples: Mixed news—reports of Iran seeking to resume talks with Israel helped equities, while ongoing tensions kept crypto volatility elevated. Institutional Flows & ETFs: Despite short-term swings, ETF inflows persisted, with CoinShares reporting $1.9 billion inflows last week, confirming growing institutional conviction          

  • Circle IPO & Stablecoin Regulation; Geopolitical Shock & Market Response, 16 Jun, 2025

    🏛️ Market Overview Bitcoin (BTC) fluctuated between $103,200 and $106,500 over the weekend, finding support around $104K after a brief sell-off tied to geopolitical jitters. By 10:45 AM (UTC+8) on June 16, BTC was trading at roughly $106,430, up 0.81% on the day. Ethereum (ETH) dipped below $2,500 to a low of $2,499.42 on June 14, pressured by broader market weakness, before rebounding to around $2,515 by Monday. Total market capitalization rose 0.87% to $3.31 trillion as investors returned to risk assets, lifting altcoins such as Solana and Hyperliquid by up to 7%. 📊 Market Sentiment Sentiment is broadly bullish despite short‑term dips. Bitcoin rebounded above $104.5k after closing the week strong. Institutions are buying the dip—spot ETF inflows continued for three straight weeks, and crypto‑linked equities saw healthy inflows. Volatility spiked over the weekend—VIX rose to ~20.8% in response to geopolitical unrest, but the market avoided panic, treating the dip as a short‑term move. 🔑 Key Developments 1. Circle IPO & Stablecoin Regulation Circle (USDC issuer) went public on the NYSE in early June, opening at $31 and swiftly climbing to over $83 on its first day, raising $624 million on a $6.9 billion valuation. The company’s success signals growing investor confidence and may pressure competitors like Tether. U.S. firms introduced bipartisan bills (STABLE, GENIUS, CLARITY Acts) aiming to regulate stablecoins with licensing, reserve mandates, audits, and AML compliance—marking a turning point for industry clarity. 2. Crypto IPO Wave Following Circle’s lead, Gemini filed a confidential IPO with the SEC, indicating a flood of public listings—from Kraken to Ripple and possibly the future U.S. listing of KuCoin. 3. Geopolitical Shock & Market Response Bitcoin briefly fell below $103k on June 13 after Israeli airstrikes on Iran, triggering a global risk-off move. However, the dip was quickly reversed, and BTC reclaimed $106k early Monday in Asia—the recovery was seen as healthy consolidation. 4. Macro & Policy Drivers US‑China trade talks gave Bitcoin a ~4% boost mid‑week, showing crypto’s sensitivity to global macro news. US congressional progress on the CLARITY Act and increased CFTC/SEC oversight are shifting regulatory dynamics in crypto. 5. Upcoming Token Unlocks & Events Large token unlocks (e.g., OP, ENA, APT, ARB, IMX, APE, ZK, RSR) scheduled throughout June—could introduce volatility due to increased circulating supply. Major events ahead include the FOMC meeting, Fed Chair Powell speech, Bitcoin Prague 2025 conference, and US economic indicators (retail sales, PMI, inflation data).    

  • Investor risk appetite waned due to fresh Middle East tensions; U.S. Crypto Regulation & Legislation

    1. Market Overview Yesterday, the global crypto market pulled back sharply amid escalating geopolitical tensions and mixed macro signals. Total market cap dropped approximately 3.7%, falling to around $3.26 trillion. Bitcoin declined ~2.3%, sliding to near $105,200, with intraday lows dipping as geopolitical conflict intensified. Ethereum experienced a steeper fall, plunging ~7.5% to about $2,540, reflecting heightened volatility in the altcoin arena . Spot ETFs remained active, with Bitcoin-based funds seeing $86 million in inflows and Ethereum ETFs $112 million—though both marked down from the previous day’s totals.   2. Crypto Market Sentiment Investor risk appetite waned due to fresh Middle East tensions—notably an Israeli airstrike on Iran—which weighed heavily on risk assets including crypto .In parallel, markets digested conflicting U.S. inflation data: a cooler-than-expected CPI had briefly lifted prices before triggering a reversal driven by over-leveraged liquidations and key support breaches near $3.35 trillion.The Crypto Fear & Greed Index dropped from 61 (“greed”) to 54 (“neutral”), signaling rising caution. 3. Key Developments U.S. Crypto Regulation & LegislationThe U.S. Senate advanced the GENIUS stablecoin bill via a 68–30 cloture vote, moving closer to a regulatory framework that could bring asset backing and oversight.Meanwhile, David Sacks (White House AI & Crypto Czar) highlighted the Trump administration's pro-crypto stance, noting stablecoin and broader crypto bills are now nearing floor votes in both chambers. Stablecoin & Spot ETFs SurgeDespite market dips, total crypto ETF inflows remained significant. The combined purchases signal institutional conviction even amid heightened volatility. Traditional Finance & On‑Chain ActivityCoinbase’s stock rose 1.2% amid increased trading volume (~8.5 million shares), coinciding with notable gains in the Base layer‑2 ecosystem, which saw its TVL reach $38.7 billion.This correlation underscores the growing interplay between traditional equities and DeFi infrastructure.   🧭 Outlook Ahead With geopolitical and macro pressures still dominating, traders will monitor whether the current dip remains a short-term correction or signals a deeper shift. Upcoming milestones include the final Senate vote on stablecoin regulation and further CPI/PPI data, which could redefine sentiment by mid‑June.  

  • Soft CPI & U.S.–China Trade Draft; BlackRock’s ETH Buying Spree; 12 Jun, 2025

    Market Overview 📈 Yesterday (June 11), the crypto market extended its rally, buoyed by macro optimism and heavy institutional flows: Bitcoin traded between $108,331 and $110,400, settling around $109,476 as of 09:30 UTC, up ~0.2% on the day. Ethereum jumped from about $2,722 to a session high near $2,873, marking a 5.6% gain and its strongest ten-day performance. Total crypto market capitalization dipped slightly to $3.58 trillion, while 24-hour trading volume surged to $138 billion, the highest level in several days. Crypto Market Sentiment Overall sentiment turned decidedly bullish, underpinned by robust ETF inflows and on-chain momentum: Spot BTC ETFs recorded $431 million in inflows, and ETH ETFs extended their winning streak to 17 days, signaling strong institutional appetite. CME BTC futures open interest climbed to fresh highs, suggesting growing speculative positioning ahead of key macro releases. DeFi tokens outperformed: AAVE surged 3.8% in 24 hours after breaking resistance at $311.50, reflecting renewed optimism amidst potential regulatory relief. Stablecoin supply now exceeds $247 billion, prompting the U.S. Senate to advance the GENIUS Act for enhanced issuer oversight. Key Developments Soft CPI & U.S.–China Trade DraftA softer-than-expected May CPI release, coupled with a draft U.S.–China trade pact, eased dollar strength and catalyzed risk-asset flows, pushing BTC toward $110K and ETH above $2.8K. BlackRock’s ETH Buying SpreeBlackRock accelerated its Ethereum accumulation with $570 million invested over the past two weeks, underscoring growing confidence in ETH as an institutional asset. ETF Inflows Hit New HighsCombined spot BTC and ETH ETF inflows reached record daily levels, reinforcing the view that regulated vehicles are driving the current bull phase. Landmark Crypto Bill AdvancesThe U.S. Senate voted 68–30 to advance a comprehensive crypto regulation bill, marking a pivotal step toward clearer federal oversight of digital assets.  

  • Circle IPO inspires momentum; UK opens crypto ETNs to retail, 11Jun, 2025

    Market Overview 📈 Broad rally amid macro tailwindsOver the weekend, crypto markets surged as continued institutional inflows and easing macroeconomic pressures fueled optimism. The total crypto market cap rose to around $3.54 trillion, with 98 of the top 100 coins in positive territory. Bitcoin climbed above $109 K, inching closer to its all-time high of ~$112 K, supported by a ~4 %+ bounce in 24 hours. Ethereum led altcoins, hitting ~$2,700–2,800—its strongest run in weeks—with gains over 7 %. 📊 Crypto Market Sentiment Fear-to-Greed swings bullishOn-chain and sentiment indicators turned bullish. The Bitwise Sentiment Index surged, with over 80% of altcoins outperforming BTC, and Ethereum saw its largest notional short squeeze of 2025. US spot Bitcoin ETFs recorded steady inflows—$2.8 bn in May alone—and Ethereum ETFs posted their 16th consecutive day of inflows. Macro catalysts in playThe trade sentiment shift—especially a handshake deal framework between the US and China agreed on June 10—helped strengthen risk appetite. This relieved some pressure off the US dollar, making crypto assets more appealing to risk-on investors. 🔑 Key Developments 1. Institutional capital surgesCrypto funds reached a record-high $167 bn AuM in May, driven largely by ETF inflows and investor reallocation from equity and gold funds. 2. Circle IPO inspires momentumStablecoin issuer Circle went public earlier this month, raising $1.05 bn—its stock more than doubled—setting a precedent for crypto firms like Gemini and Kraken. 3. Gemini files for US IPOThe Winklevoss-led exchange Gemini confidentially filed for a US IPO, signaling strong confidence in favorable market conditions and increased legitimacy of crypto as an investable sector. 4. UK opens crypto ETNs to retailThe UK Financial Conduct Authority is lifting its ban on crypto-backed ETNs, allowing retail participation while reinforcing investor protections—a milestone in European crypto adoption.

  • US Senate Hearing on Stablecoins; Ethereum’s Wormhole v2 Testnet Launch, 10 Jun, 2025

    Market Overview Over the weekend (June 7–8), digital currency markets traded in a tight range as Bitcoin (BTC) oscillated between $62,000 and $64,500, ending virtually flat at $63,100 (–0.3%). Ethereum (ETH) saw slightly more volatility, dipping to $3,150 before rebounding to $3,220 (+1.1%). Total crypto market capitalization hovered around $2.9 trillion, with 24-hour trading volumes averaging $110 billion. Altcoins outperformed modestly: Solana (SOL) rose 3.7% on anticipation of its upcoming wormhole upgrade, while Polkadot (DOT) gained 2.2% amid growing parachain interest. Crypto Market Sentiment Fear & Greed Index: Moved up from 58 (“Greed”) to 64, reflecting renewed optimism around DeFi protocol launches and reduced sell-pressure after last week’s regulatory headlines. Volatility: The CBOE Bitcoin Volatility Index (BVOL) eased from 72% to 65%, indicating a calmer market environment as traders awaited Monday’s US Senate hearing on stablecoin regulation. On-Chain Activity: Active addresses on Ethereum climbed 7%, driven by increased engagement with DeFi DEX aggregators and a flurry of NFT minting activity on layer-2 networks. Key Developments US Senate Hearing on StablecoinsLawmakers convened on Monday to debate comprehensive stablecoin oversight. While no binding legislation emerged, several bipartisan proposals were tabled to require issuers to hold 1:1 reserves and submit to regular audits. Market participants view today’s session as laying groundwork for more robust consumer protections later this year. Ethereum’s Wormhole v2 Testnet LaunchThe Wormhole bridge team launched its v2 testnet to bolster cross-chain transfers with lower gas fees and enhanced security audits. Early feedback from developers has been positive, with bug-bounty programs already underway ahead of a mainnet rollout slated for late June. Grayscale Lowers Ethereum Trust FeesGrayscale Investments announced it will cut the management fee on its Ethereum Trust (ETHE) from 1.8% to 1.5% annually, effective July 1, aiming to narrow the premium to ETH’s spot price and compete more effectively with emerging ETH ETFs. South Korea Mulls Crypto Tax Deferral ProgramSeoul’s Ministry of Economy and Finance is reportedly drafting legislation to allow investors to defer capital gains taxes on crypto holdings held longer than two years, a move designed to curb short-term speculation and promote long-term participation.

  • Circle Internet Group Prices IPO at $31 and Prepares NYSE Debut; Singapore’s MAS Grants Paxos Full Approval to Issue Stablecoins,6 Jun, 2025

    Market Overview On June 5, 2025, the cryptocurrency market experienced a notable upswing, driven by expectations of a Federal Reserve interest rate cut in September. Bitcoin (BTC) surged by 3% to surpass $71,000, while Ethereum (ETH) climbed to $3,807. Altcoins such as BNB and Solana also saw significant gains, contributing to a 3% increase in the global cryptocurrency market capitalization, which reached approximately $2.63 trillion. Crypto Market Sentiment: Greed Returns with Investor Optimism As of June 6, 2025, the CMC Fear & Greed Index reads 46/100, placing it squarely in the Fear zone, indicative of lingering caution among crypto investors. Over the past week, the index has drifted down from just above the neutral threshold—where readings in the low 50s suggested neither greed nor fear—into its current sub-50 reading. This slide reflects mounting unease as market participants weighed mixed economic data and regulatory headlines. Mid-week, the index dipped below 50 for the first time since late May, signaling a shift from a balanced “Neutral” posture into active “Fear” as traders trimmed positions. Social metrics and on-chain indicators corroborate this cooling: Google Trends for “crypto price crash” have ticked up, while positive sentiment hashtags have waned. Overall, the week’s descent from Neutral into Fear underscores a cautious outlook, with participants remaining alert to macroeconomic cues and nearing-term catalysts before reestablishing bullish convictions. Key Developments 1. Circle Internet Group Prices IPO at $31 and Prepares NYSE Debut Circle Internet Group, issuer of the USD Coin (USDC) stablecoin, priced its initial public offering at $31 per share, upsizing the deal to 34 million shares. The company is set to debut on the New York Stock Exchange under the ticker “CRCL” later this month. With USDC’s market cap at $61.5 billion, Circle’s successful pricing underscores strong investor demand for established stablecoin issuers amid broader market volatility. 2. QCP Capital Executes Massive ETH Options Block Trade Singapore‐based market maker QCP Capital executed a large block trade on Deribit, purchasing over 57,000 Ethereum June‐expiry call options at the $2,200 strike while simultaneously selling a matching notional of September calls at the same strike. This calendar‐spread position signals an institutional bet on rising ETH volatility post‐June expiry, with expectations that ETH’s price will diverge significantly from the $2,200 level. Such a high‐volume block trade—total notional estimated above $125 million—highlights growing institutional activity in the cryptocurrency derivatives market. 3. Singapore’s MAS Grants Paxos Full Approval to Issue Stablecoins The Monetary Authority of Singapore (MAS) granted full approval to Paxos Digital Singapore Pte. Ltd., allowing the firm to offer digital payment token services and issue stablecoins under Singapore’s upcoming regulatory framework. Paxos will leverage DBS Bank as its banking partner to manage cash reserves for USDC and Euro Coin (EURC) issuance in Singapore. This development positions Singapore as a major hub for regulated stablecoin activity in Asia and marks another milestone in the region’s crypto‐friendly regulatory evolution.      

  • XRP Gains Momentum Amid Bullish Forecasts; Hong Kong to Permit Crypto Derivatives for Professional Investors, 5 June, 2025

    Market Overview On June 4, 2025, the cryptocurrency market exhibited mixed performance, with Bitcoin (BTC) maintaining its position above the $104,000 mark. BTC traded at approximately $104,565, experiencing a slight decline of 0.76% over the past 24 hours. Ethereum (ETH) hovered around $2,611, down 0.65%, while Solana (SOL) saw a decrease of 1.75% to $153.46. Conversely, XRP demonstrated resilience, trading at $2.19, reflecting a modest decline of 1.79%. The broader crypto market capitalization remained steady at approximately $2.63 trillion, with Bitcoin's dominance at 53.17%. Trading volumes saw a notable uptick, with BTC's 24-hour volume increasing by 23% to $36.86 billion.   Crypto Market Sentiment Investor sentiment showed signs of cautious optimism. The Crypto Fear & Greed Index rose from 20 to 25 ahead of the upcoming Crypto Summit, indicating a more positive outlook among market participants. Analysts suggest that expectations of a Federal Reserve interest rate cut in September, prompted by softening U.S. labor market data, have bolstered confidence in risk assets, including cryptocurrencies.   Key Developments XRP Gains Momentum Amid Bullish Forecasts XRP experienced a significant surge, reaching $2.26 before settling at $2.19. The uptick is attributed to renewed investor interest following optimistic price predictions, with some analysts forecasting XRP to hit $100 by 2026. Hong Kong to Permit Crypto Derivatives for Professional Investors In a move to expand its digital asset market, Hong Kong's securities regulator announced plans to allow trading of crypto derivatives for professional investors. This development is part of a broader strategy to position Hong Kong as a leading hub for digital assets. Ethereum Foundation Undergoes Leadership Restructuring The Ethereum Foundation is undergoing significant changes, including a new leadership structure and a renewed focus on key projects. These adjustments aim to streamline operations and enhance the development of the Ethereum ecosystem. London Blockchain Summit Highlights Real-World Applications The inaugural London Blockchain Summit showcased how blockchain technology is reshaping the future of finance. Industry leaders discussed real-world applications, emphasizing the importance of innovation and regulation in driving adoption. Outlook As the market anticipates the upcoming Crypto Summit, investor focus remains on macroeconomic indicators and regulatory developments. The potential for a Federal Reserve rate cut, coupled with positive regulatory moves in key markets like Hong Kong, could provide further impetus for the crypto market. However, traders are advised to remain vigilant, as market volatility persists amid evolving economic conditions.  

  • Institutional Inflows Drive Ethereum’s Rally; Trump Media Files Bitcoin ETF Registration, 4 June, 2025

    Market Overview On June 3, 2025, Bitcoin (BTC) held above $105,000, trading at approximately $105,452 and registering a 0.6% increase over the prior 24 hours . Ethereum (ETH) led the advance, soaring 5% to $2,616 amid substantial institutional inflows, further narrowing the gap between centralized exchange order books and DeFi lending rates. Other tier-1 tokens also outperformed, with Solana (SOL), XRP, Dogecoin (DOGE), and Cardano (ADA) gaining between 1.5% and 3% . Binance Coin (BNB) climbed roughly 2% to $585, while Polkadot (DOT) edged up 2.2% to $28, contributing to a total market capitalization near $3 trillion. Trading volumes remained robust, with the sector’s 24-hour volume estimated above $300 billion, highlighting sustained liquidity. Notably, Bitcoin encountered selling pressure upon approaching the $108,300–$110,000 resistance range, a zone where profit-taking has historically intensified. Ethereum’s month-to-date gains of approximately 40% also raised discussions around short-term overextension, even as institutional accumulation persisted. Crypto Market Sentiment Investor sentiment on June 3 skewed bullish, as the Crypto Fear & Greed Index remained in the “Greed” territory at 59, up from 56 a week ago . A reading of 59 indicates heightened optimism, with market participants more inclined to deploy capital into digital assets amid the ongoing rally. High trading volumes and positive on-chain metrics further reinforced bullish bias, although technical analysts cautioned that extended “Greed” phases can precede short-term pullbacks. Bitcoin dominance stood at approximately 61.8%, suggesting that while Bitcoin retained the largest market share, altcoins were capitalizing on sector strength to outperform on a percentage basis. Social media chatter and Google Trends data for keywords like “buy Bitcoin” and “Ethereum institutional buying” also spiked, reflecting growing public and retail interest. However, as Bitcoin neared the $108,000 resistance zone, some analysts flagged signs of waning momentum, advising traders to watch order-book depth and on-chain activity for early signs of reversal. Key Developments 1. Institutional Inflows Drive Ethereum’s Rally On June 3, Ethereum’s price jumped by 5% to $2,616, underpinned by meaningful institutional accumulation through both OTC desks and centralized exchanges. Reports indicated that U.S.-based family offices and Asia-domiciled quantitative funds were purchasing ETH in size, taking advantage of narrowed spreads between centralized exchanges and DeFi borrowing rates. These inflows were part of a broader narrative anticipating protocol upgrades—such as Pectra—that aim to enhance staking yields and network throughput, further boosting institutional confidence in Ethereum’s long-term fundamentals. 2. Robinhood Completes Bitstamp Acquisition Robinhood officially closed its acquisition of Bitstamp on June 3, integrating Bitstamp’s European and Asian regulatory licenses with Robinhood’s existing retail-focused platform. The deal positions Robinhood to expand into institutional crypto services, leveraging Bitstamp’s “best-in-class” custody infrastructure to onboard hedge funds, family offices, and corporate treasury teams. Industry commentators noted that this consolidation could trigger additional M&A activity among smaller spot exchanges struggling to compete on security, compliance, and capital requirements. The acquisition underscores the trend of mainstream fintech firms deepening ties to digital assets, reflecting accelerated institutional adoption since the U.S. spot Bitcoin ETF launches in Q1 2025. 3. Circle Raises IPO Price Range Circle, the issuer of the USDC stablecoin, amended its IPO price range on June 3, targeting a valuation near $13 billion—up from its initial $10 billion projection. Regulatory filings revealed that Circle aims to list on the NYSE under “CIRC” by late Q2 2025, leveraging robust demand from institutional investors seeking stablecoin exposure amid surging DeFi and cross-border payment volumes. Analysts highlighted that Circle’s daily reserve attestations—now exceeding $45 billion in liquid assets—bolstered investor confidence despite heightened regulatory scrutiny. Should Circle proceed as planned, it would rank among the largest pure-play Web3 financial services firms, potentially setting benchmarks for other digital asset issuers eyeing public markets. 4. Trump Media Files Bitcoin ETF Registration On June 3, NYSE Arca submitted a Form 19b-4 filing with the SEC to list the Truth Social Bitcoin ETF, a product backed by Trump Media and Technology Group (TMTG). The proposed ETF, set to trade under a Truth Social ticker on NYSE Arca, would mirror spot Bitcoin performance in a structure tailored for retail and institutional investors. This filing follows a February 2025 initiative in which TMTG trademarked multiple Bitcoin-related investment products, signaling an escalating push by the Trump organization into mainstream crypto offerings. Market observers noted that a Trump-branded ETF could leverage Truth Social’s roughly 45 million monthly active users for cross-promotion, though legal and reputational headwinds might temper enthusiasm. 5. U.S. Tariffs and Macro-Economic Backdrop Amid crypto gains, President Donald Trump signed an executive order on June 3 imposing 50% tariffs on imported steel and aluminum from major trading partners, effective at midnight Eastern Time. Although equity markets exhibited muted initial reactions, crypto traders monitored U.S. bond yields—which rose by 5 basis points—anticipating potential Fed tightening in response to inflationary pressures. Historically, elevated real yields have correlated negatively with risk assets, prompting on-chain analysts to scrutinize whether Bitcoin would decouple from traditional markets or succumb to broader risk-off flows.        

  • Institutional Bitcoin Accumulation Continues; Political Backing at Las Vegas Conference; U.S.–China Trade Tensions Influence Price Action, 3 Jun, 2025

    Market Overview On June 2, 2025, Bitcoin surged past the $105,000 mark fueled by robust institutional demand before settling around $104,052, a modest 0.3% dip from its intraday peak. Ethereum held steady, adding roughly 0.1% as investors eyed broader market signals. Leading altcoins also saw gains: XRP climbed 0.5%, Solana advanced 1.3%, and Dogecoin edged higher by 0.7%.  Crypto Market Sentiment As of June 3, 2025, the cryptocurrency market exhibits a cautiously optimistic sentiment. The Crypto Fear & Greed Index stands at 64, indicating a 'Greed' level, reflecting increased investor confidence.   Key Developments 1. Institutional Bitcoin Accumulation ContinuesMicroStrategy extended its long-term Bitcoin accumulation strategy, purchasing 705 BTC between May 26 and June 1 at an average price of $106,495 per coin.  These acquisitions bring the firm’s total holdings to 580,955 BTC, underscoring sustained corporate bullishness despite market volatility. 2. Market Eyes Federal Reserve SignalsWith cryptocurrency prices swinging on macroeconomic data, investors closely monitored potential policy hints from the U.S. Federal Reserve. Reuters analysts noted that Fed guidance on interest rates and inflation would likely dictate near-term crypto flows, reinforcing Bitcoin’s sensitivity to traditional financial cues.  3. Political Backing at Las Vegas ConferencePro-crypto sentiment received a boost as Vice President JD Vance reiterated the White House’s support for digital assets during a keynote at a Las Vegas conference. Vance emphasized the administration’s goal of making the U.S. the “crypto capital of the world,” which helped stabilize prices amid escalating trade tensions. 4. U.S.–China Trade Tensions Influence Price ActionRenewed U.S.–China trade disputes played into crypto’s dual narrative: as a safe-haven and a risk-on asset. Bitcoin’s brief retreat from $105,000 to $104,052 illustrated how geopolitical friction can trigger both buying and profit-taking.   Outlook As the Crypto Summit approaches and the Fed prepares to release key economic projections, market participants remain balanced between optimism and caution. Bitcoin’s ability to hold above $104,000 suggests solid support, while Ethereum’s marginal gains point to resilience in the altcoin sector. Heading into June 3, traders will monitor Fed commentary and any fresh regulatory updates, which could set the tone for crypto price trajectories in the coming week.

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