The upcoming FOMC meeting on June 18 is poised to significantly influence Bitcoin’s price trajectory amid heightened market volatility and investor caution. Market participants are closely monitoring Federal Reserve signals,
CoinOtag 2025-06-13 21:11
A widely followed crypto analyst says that Bitcoin ( BTC ) may pull back after failing to hold a key support level. In a new thread, crypto trader Justin Bennett tells his 116,000 followers on the social media platform X that BTC may revisit the lower bound of a trading range at the $100,000 level, after a possible weekend bounce. “Possible scenario for BTC following Thursday’s $106,600 failure. Pull back/consolidate on Friday, weekend rally (because that’s what retail does) into $106,000-$107,000, and then revisit the $100,000 lows. Invalidation on a sustained break (high time frames) above $107,000… Personally, I wouldn’t be a buyer here, not after losing $106,600. It’s shorts only for me, but only if BTC gives me the opportunity on a bounce.” Source: Justin Bennett/X Bennett also says that BTC whales exiting long positions in favor of building short positions against retail is causing the flagship crypto asset to weaken. “Whales were shorting into retail strength all day Thursday. It was a scam BTC pump from the start.” Lastly, the analyst warns that the USDT dominance chart (USDT.D) may start flashing bearish for Bitcoin. Many traders closely watch the USDT.D chart as it shows how much of the crypto market cap is comprised of the stablecoin USDT. A bullish USDT.D chart is generally considered bearish for Bitcoin and other cryptocurrencies as it indicates traders are unloading their crypto holdings in favor of the stablecoin. “Not ready to call it just yet, but the USDT.D weekly chart is starting to look primed for another push back to 5%. I’ll wait for Friday’s two-day close to get a more definitive answer on this idea, but it looks decent so far. (Tether dominance moves inversely to BTC and ETH).” Source: Justin Bennett/X Bitcoin is trading for $105,658 at time of writing, down 1.6% in the last 24 hours. Meanwhile, USDT.D is at 4.79% 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 The post Here Are the Possible Bearish Targets for Bitcoin After BTC Fails To Break Out Above Major Level, According to Crypto Analyst appeared first on The Daily Hodl .
The Daily Hodl 2025-06-13 21:05
Bitcoin and select altcoins experienced a notable dip this week, with buyers stepping in to absorb the selling pressure amid geopolitical tensions and market uncertainty. Despite the volatility, technical indicators
CoinOtag 2025-06-13 21:05
Michael Saylor advocates for Apple to integrate Bitcoin into its stock buyback strategy amid the tech giant’s ongoing stock decline. Recent market data reveals Bitcoin’s significant outperformance compared to Apple
CoinOtag 2025-06-13 21:02
A sudden wave of selling hit crypto markets in the early hours of Friday, as reports of an Israeli airstrike on Iran set off fresh jitters. Bitcoin sank 5%, slipping under the $104,000 mark. Altcoins fared worse, with losses ranging from 6% to 9%. Based on reports from Coinglass, more than $1 billion was wiped out in liquidations, over $1 billion of which were long positions. Related Reading: Bitcoin To $1 Million? Michael Saylor Laughs Off Crypto Winter Fears Rising Tensions Shake Global Markets According to market watchers, the strike prompted a swift move into safe assets. S&P 500 futures tumbled 1.9%, while oil and gold jumped sharply. WTI crude climbed more than 12%, reaching about $77 per barrel. Gold surged past $3,400 an ounce as investors sought shelter. Crypto Traders Feel The Heat Arthur Hayes, the ex-CEO of BitMEX, warned of rough waters ahead. “Hold on to your butts out there, degens,” he wrote after the crash. He also pointed to US President Donald Trump’s planned tariffs as an added layer of risk. Ethereum slid 8% down to $2,505, right at a key support level. Other coins fell up to 10% in just a few hours. BREAKING: S&P 500 futures extend losses to -1.9% following Israel’s attack on Iran. pic.twitter.com/QaLtjbcii6 — The Kobeissi Letter (@KobeissiLetter) June 13, 2025 Safe Havens Caught In The Crossfire Based on reports, gold and oil didn’t hold back. Oil prices have climbed about 30% since May lows, analysts say. Anyone betting on lower inflation or early rate cuts may have to rethink things. Gold’s climb suggests that many feel uneasy about what comes next. Even so, some expect this spike to calm once tensions ease. What Comes Next For Crypto Short-term views remain mixed. Some traders see this as a knee-jerk reaction and expect a rebound once headlines fade. Others warn that the US CPI release later this week could add another twist. Inflation data could either fuel more selling or pave the way for relief if numbers come in cooler than expected. Related Reading: Bitcoin Is Just 0.2% Of Global Wealth — And That’s Why It’s Not Too Late: Analyst Volatility is back with a vengeance. Over the past weeks, markets were already on edge amid chatter of higher interest rates and global conflicts. Now, with the Middle East front in focus again, big swings may stay in place. Analysts even suggest Bitcoin could dip to $95,000 if selling continues to gather steam. A $1 billion wave of liquidations isn’t small. At the same time, the speed of the move may leave some traders hoping for a quick bounce. Watching safe-haven assets, US economic data, and any new developments in the Iran-Israel tensions will be key in the hours and days ahead. Featured image from Stratfor, chart from TradingView
NewsBTC 2025-06-13 21:00
The cryptocurrency market remains a dynamic arena, with recent forecasts highlighting potential growth trajectories for major coins like Bitcoin and Ethereum amid evolving blockchain innovations. Analysts emphasize the influence of
CoinOtag 2025-06-13 20:57
Anthony Pompliano is spearheading a groundbreaking $750 million Bitcoin acquisition through ProCapBTC, leveraging a Crypto SPAC to bridge traditional finance and digital assets. ProCapBTC aims to raise capital via a
CoinOtag 2025-06-13 20:33
Financial Secretary Chan revealed that a second policy statement on Hong Kong’s digital asset strategy will be issued later this month. It will focus on integrating financial services with innovation and expanding real-world application scenarios for digital assets. At the 2025 Caixin Summer Summit, Chan confirmed that the city had already launched licensing systems for digital asset trading platforms and stablecoins. Hong Kong was also advancing new regulations for custody and OTC services. Chan previously said the Securities and Futures Commission (SFC) was reviewing virtual asset derivatives for professional investors, starting with BTC and ETH Perpetuals. Hong Kong released its first policy statement on the development of digital assets in October 2022, covering the regulation of crypto exchanges and the approval of exchange-traded funds (ETFs). Chan believes that the future of digital tech growth in Hong Kong will be powered by blockchain and Web3 technologies. The Financial Secretary also said that legislation for stablecoin regulation was set for imminent passage. He added that he and his colleagues at the Financial Services & the Treasury Bureau and the Hong Kong Monetary Authority (HKMA) were working hard to get the relevant licensing regime to go live this year. Chan says it is essential to explore digital finance in the real economy Chan said financial innovation was where Hong Kong must win in order for the city to become a financial powerhouse. He added that it was essential to explore ways of utilizing digital finance to better support the real economy’s development, including in finance and cross-border financial services. Chan explained that the convergence of Web3 and AI was unlocking new frontiers in finance. Decentralized AI algorithms enhanced credit assessments, audited smart contracts more precisely, and delivered personalized investment strategies. Beyond finance, the technology streamlined supply chains transformed healthcare data management, and created new immersive gaming experiences. Web3 and AI were transforming businesses and public services, driving innovation and efficiency at every turn. “We will unveil a second policy statement on the development of virtual assets. It will cover how to make use of Web3 to fast-track the development of traditional financial services, empower the real economy, and strengthen the application of digital asset technologies.” – Paul Chan , Financial Secretary of Hong Kong The Financial Secretary also said the city offered a stable environment for investors amid a complicated geopolitical landscape. He added that the HK government was also proactively attracting more established mainland enterprises to list in the SAR (Special Administrative Region) to support its overseas expansion plans. Hong Kong’s stablecoin law takes effect on August 1 🚀 Jack Ma’s Ant International is pursuing stablecoin licenses in Hong Kong & Singapore! 📅 Hong Kong’s new stablecoin regulations take effect this August. 🌏 This move strengthens blockchain infrastructure for cross-border payments and financial innovation in Asia. pic.twitter.com/igFmvHFFj5 — Aivora (@Aivoraex) June 12, 2025 A government announcement earlier this month confirmed that Hong Kong’s new stablecoin law will come into effect on August 1 and pave the way for regulated issuance, positioning the city ahead of the U.S. and mainland China, which continued to take a cautious stance on crypto. The city’s financial and technology sectors were also positioning themselves to use stablecoins in traditional modes of finance. The HK Legislative Council passed the bill regulating stablecoins on May 21, but the government did not announce when it would take effect until the June 6 statement. Daniel Tse, Managing Director of Futu Securities International, said investors were becoming increasingly interested in stablecoins, adding that his company’s platform had seen a surge in stablecoin-linked investments. Daniel Tse also said his company viewed stablecoins as a promising avenue for growth and innovation in the brokerage industry. He added that clients could trade tokenized intellectual properties or paintings in the future, creating new opportunities for investors and brokers. Wu Tianhua, founder and CEO of Tiger Brokers, disclosed that his company was very optimistic about the increasing demand for a connection between Web2 and Web3, prompting the development of its one-stop platform. He added that Tiger Brokers had expanded its deposit options to include Bitcoin and Tether’s USDT . The brokerage believes that supporting stablecoin deposits will enhance capital efficiency and flexibility in the market. It also claimed that stablecoins would help reduce foreign exchange in cross-border transactions while improving user experience and fund mobility. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Cryptopolitan 2025-06-13 20:32
Bitcoin demonstrates resilience amid escalating geopolitical tensions, with the potential closure of the Strait of Hormuz posing significant risks to global markets. Despite short-term volatility concerns, long-term accumulation trends among
CoinOtag 2025-06-13 20:13
Peter Schiff’s recent claim that Bitcoin (BTC) has reached a ‘major top’ appears premature amid mixed market signals and ongoing geopolitical tensions. Despite a sharp BTC dip following Israel’s attack
CoinOtag 2025-06-13 20:08
Bitcoin’s recent price action has shown signs of fading momentum three weeks after reaching a new all-time high of $111,814. The leading cryptocurrency climbed back above $110,000 on Monday off the back of cooling U.S. inflation data and a temporarily weaker dollar. However, the rally was short-lived. Profit-taking, compounded by geopolitical tensions between Israel and Iran, has contributed to a risk-off environment that pushed Bitcoin down below $105,000 in the past 24 hours. This sharp reversal highlights a significant technical level that could decide whether Bitcoin sustains its uptrend or enters a crash towards $94,000. Final Fibonacci Resistance Holding The Line According to a new analysis shared by pseudonymous crypto analyst XForceGlobal on the social media platform X, Bitcoin’s current corrective structure could deepen if it fails to overcome the 88.6% Fibonacci resistance level. The analyst highlighted that the bullish impulse that carried Bitcoin now appears to be losing steam. Related Reading: Bitcoin Risks Pullback To $105,000 After Facing Rejection Above $110,000 The price zone around $110,500, which is marked by the 88.6% Fibonacci resistance, has not been convincingly breached, casting doubt on the strength of the current wave structure. Bitcoin tested this level twice earlier this week, and, as noted by the analyst, if this resistance level fails to break soon, there is a slight possibility of a deeper pullback. If this pullback does occur, this would lead to the formation of a corrective wave C, and with distinct symmetry in an ABC corrective pattern. In this case of the corrective Wave C playing out, the next central area of interest lies around the $94,000 level, an area that aligns with the completion of a larger impulse Wave 2. Wave 2 Dip To $96,000 Before Bullish Wave 3 Begins The rundown of a corrective Wave 2 and a bearish impulse Wave 2 is based on the outlook of Bitcoin failing to clear the 88.6% Fibonacci resistance at $110,000. Applying the Elliott wave count on the current price action shows that the recent push to $111,814 all-time high was a larger bullish impulse Wave 1. However, the ensuing correction since then has also played out in the form of a sub-wave 123 structure, and an ABC corrective pattern. Altogether, these are expected to make up a larger corrective impulse Wave 2. Related Reading: Bitcoin Price Risks Crash To $31,000 Amid 5-Wave Impulse Completion Nevertheless, XForceGlobal noted that Bitcoin is still in a highly bullish structure on the macro level. If the price action plays out this way, the next move after the impulse Wave 2 to $94,000 would be a reversal upwards with bullish impulse Wave 3. In this case, the analyst projected an expansion move that would send Bitcoin to another all-time high. Notably, the price target in this case would be a surge above $118,500. At the time of writing, Bitcoin is trading at $105,000, down by 2.5% in the past 24 hours. Featured image from Getty Images, chart from Tradingview.com
NewsBTC 2025-06-13 20:00
Here's why Peter Schiff's BTC 'major top' call may be premature.
AMB Crypto 2025-06-13 20:00
Hong Kong’s stablecoin law takes effect on August 1
