bitkoban

Latest from CoinDesk

UNI Recovers to $6.18 After High-Volume Breakdown Shakes Support
Uniswap’s native token initially broke below its uptrend line after failing to hold momentum above the $6.00 support level. The decline followed the formation of an ascending channel earlier in the day, but that structure collapsed under high-volume selling, including a spike of over 1.4 million units as prices briefly touched $6.00. However, the breakdown proved temporary. UNI quickly reversed course and climbed back to $6.18, indicating strong dip-buying interest and suggesting the uptrend may still be intact if support near $6.05 continues to hold. Technical Analysis Highlights UNI formed a clear ascending channel throughout most of the day, with notable support at the $6.00 level backed by above-average volume. A sharp reversal occurred as UNI briefly broke below its uptrend line, triggering high-volume selling. Two significant volume spikes occurred: over 455,000 units at 01:38 and exceeding 1.4 million units at 01:42. The token quickly rebounded after the breakdown, regaining ground and pushing back toward the $6.18 area. Initial resistance was encountered at $6.19, which now appears within reach again as bullish momentum returns. The price action showed a substantial intraday range of 0.226 (3.78%), highlighting persistent volatility External References " Uniswap Rally Loading—Here’s Why The Next Move Could Be Explosive ", NewsBTC, published May 31, 2025.

2025-06-01 10:17
Bitcoin Rebounds Above $104,300 as Tariff Chaos Triggers Nearly $1B in Liquidations
Global economic tensions and trade policy uncertainties continue to influence cryptocurrency markets as Bitcoin recovers from a recent correction. Despite the pullback, institutional interest remains strong with firms like Strategy (formerly MicroStrategy) and GameStop adding BTC to their corporate treasuries. Technical Analysis Highlights The 24-hour period shows a clear bottoming pattern with strong volume support emerging around the $103,200-$103,400 zone, where buyers consistently stepped in, according to CoinDesk Research's technical analysis data model. The subsequent recovery phase gained momentum after breaking above the $104,000 resistance level, with increasing volume confirming buyer conviction. This technical structure suggests the correction has likely completed, with the price now establishing a new support base for potential continuation of the broader uptrend. In the last hour, Bitcoin demonstrated a notable recovery pattern, climbing from $104,146 to $104,303, with significant bullish momentum emerging at 14:01. Price surged from $104,188 to $104,323 on substantially higher volume (429 BTC traded). The price action formed a clear consolidation range between $104,077 and $104,263 before the breakout, with key support established around $104,080-$104,090. External References " Bitcoin Price Extends Losses — Is More Downside on the Horizon? ", NewsBTC, published May 30, 2025. " Bitcoin at Risk of Breakdown if Major Support Level Fails, Says Trader Justin Bennett – Here Are His Targets ", The Daily Hodl, published May 30, 2025. " Bitcoin price prediction 2025-2031: Will BTC hit $150k soon? ", Cryptopolitan, published May 31, 2025.

2025-05-31 21:01
Bitcoin Cash Rebounds 6.4% as Bulls Defend Key Support Zone
The cryptocurrency market is navigating choppy waters amid escalating geopolitical tensions, with Bitcoin Cash (BCH) showing resilience despite broader market pressure. BCH recently demonstrated strong technical performance, forming a V-shaped recovery after testing critical support at $391.656, with substantial buying volume establishing a high-volume support level. This comes as the global cryptocurrency market faces headwinds from the ongoing US-China trade disputes, which continue to introduce uncertainty across financial markets worldwide. Meanwhile, traditional financial indicators like rising US Treasury yields signal systemic stress that historically creates mixed environments for risk assets like cryptocurrencies. Technical Analysis Highlights BCH tested critical support at $391.656, triggering substantial buying volume particularly during the 01:00-04:00 timeframe. A powerful breakout occurred during the 13:00 hour, with BCH surging to $416.958 on the highest hourly volume (28,068 units). Price established a new resistance-turned-support level at $409.800, with momentum indicators suggesting potential for continued upside. A bull flag pattern formed after the initial impulse move, with decreasing volume during consolidation suggesting potential continuation. The $413.000-$413.500 zone represents a key support level that bulls need to defend to maintain upward momentum. External References " What’s Happening in Crypto Today? Daily Crypto News Digest ", Cryptonews, published May 29, 2025.

2025-05-31 20:36
Crypto's Most Watched Whale Gets Fully Liquidated After Placing Billions in Risky Bets
James Wynn, the trader whose risky moves on Hyperliquid captivated crypto watchers this month, has been fully liquidated. He ended a volatile month with just $23 left in his account, according to HyperDash data . Wynn built his reputation and following by placing massive, leveraged on-chain trades across bitcoin BTC, PEPE PEPE, and other tokens. His downfall began with a $1.25 billion long position on BTC that unraveled as prices dropped below $105,000 amid growing geopolitical uncertainty. That trade alone cost him more than $37 million after fees. The trader briefly pivoted to memecoins like PEPE , where one long position initially gained over 10%, before market swings liquidated him again. Over the course of the month, Wynn cycled through assets including ETH, SUI, TRUMP, and even FARTCOIN. His trades at one point saw him achieve an unrealized gain of $85 million. An account associated with Wynn on X commented on the liquidation and dismissed the losses. “I’ll run it back, I always do. And I’ll enjoy doing it. I like playing the game,” the account wrote on X. “I took a large and calculated bet at making billions.”

2025-05-31 20:20
Uniswap’s UNI Rebounds After Wild 11% Swing Amid Trade Tensions
The cryptocurrency market faces mounting pressure as global economic tensions escalate, with Uniswap (UNI) experiencing dramatic price swings reflecting broader market uncertainty. UNI's recent 10.9% price range demonstrates how geopolitical factors are directly influencing digital asset valuations, as traders navigate between risk-off sentiment and opportunistic positioning. Despite challenging conditions, Uniswap has shown resilience by breaking above key resistance levels, suggesting potential stabilization after significant volatility. Technical Analysis Highlights UNI experienced significant price turbulence over the 24-hour period, with a substantial range of 0.644 (10.9%) from the high of 6.589 to the low of 5.945, according to CoinDesk Research's technical analysis data model. The token faced a sharp selloff during the 16:00-01:00 period, plummeting from 6.510 to 5.954, with notably high volume (4.4M) at the 01:00 low, establishing a strong volume support zone. A modest recovery followed, with UNI finding resistance around 6.120 and consolidating between 6.000-6.050, suggesting market indecision after the significant correction. In the last hour, UNI experienced a significant downward trend followed by a modest recovery. The token declined from 6.110 to a low of 6.017 around 13:51, establishing a key support zone with increased volume. A notable reversal occurred at 14:01 when UNI surged 3.6% from 6.032 to 6.054, accompanied by elevated volume (28.7K), suggesting renewed buying interest. The price action formed a bullish channel with resistance at 6.055 and support at 6.030, with the closing price of 6.051 indicating potential short-term stabilization after the earlier volatility. External References " Uniswap Rally Loading—Here’s Why The Next Move Could Be Explosive ", NewsBTC, published May 30, 2025.

2025-05-31 20:16
Brazilian Fintech Firm Méliuz Plans $78M Equity Offering to Buy Bitcoin, Shares Plunge
Brazilian fintech Méliuz (CASH3), which serves over 30 million users in the country, is launching a public share offering to raise up to R$450 million ($78 million), with plans to allocate all proceeds to purchasing bitcoin BTC. The offering, announced Friday in a securities filing , consists of an initial issuance of 17 million common shares, with the possibility of expanding to 51 million depending on demand. Shares will be sold exclusively to professional investors in Brazil and abroad under automatic registration rules. Each share purchased will come with a package of free subscription warrants divided into 10 series, allowing investors to buy additional stock at set prices in the future. At current share prices, Méliuz expects to raise around $26 million, but that figure could triple if overallotment options are exercised. Investors participating in the offering will also receive 50.6 million warrants, of which up to 152 million will be issued in total under maximum subscription conditions. Méliuz will use the raised funds to acquire BTC, positioning it as a "primary strategic asset" in its treasury. The firm, known for its cashback and financial services platform, revealed it was allocating 10% of its cash reserves to BTC back in March. Warrant trading is expected to begin on June 16, with share settlement and crediting of the bonus instruments by June 18. The company currently holds 320.2 BTC. Its shares dropped more than 8% in Friday’s trading session.

2025-05-31 19:33
Aptos Rebounds Sharply After 10% Drop as Buyers Defend Key Support
The cryptocurrency market faces renewed pressure as global economic tensions intensify, with APT experiencing significant volatility amid broader market uncertainty. After dropping over 10% from $5.058 to $4.548, APT has begun stabilizing at critical support levels, showing resilience despite macroeconomic headwinds. Trading volumes peaked during the sell-off period but have since shifted toward accumulation patterns, suggesting institutional interest remains despite the turbulent global economic landscape. Technical Analysis Highlights APT experienced a substantial 10.08% correction, dropping from 5.058 to a low of 4.548 before staging a recovery. Sell-off intensified during the 22:00-00:00 period with above-average volume (2.7M-2.9M). Strong support established at the 4.55-4.60 zone where buyers emerged. Recovery phase showed consistent accumulation with price stabilizing between 4.60-4.70. Bullish move toward 4.75 during final hours on increased volume suggests renewed buying interest. Hourly price action formed a rounded bottom pattern before rallying in the final minutes. Substantial volume spikes at 14:01-14:02 (55K-32K) pushed prices back above 4.70. Hourly consolidation between 4.686-4.750 indicates stabilization attempts after the correction. External References " June Token Unlocks Top $3.2 Billion: Altcoins SUI, APT, ZRO Brace For Volatility ", Coin Edition, published May 30, 2025.

2025-05-31 18:51
NYC Comptroller Slams Mayor Eric Adams' Bitcoin Bond Plan as 'Fiscally Irresponsible'
New York City’s Comptroller has dismissed a plan by Mayor Eric Adams to back municipal bonds with bitcoin BTC, calling it “legally dubious and fiscally irresponsible.” Comptroller Brad Lander, who co-manages the city’s debt issuance, rejected the proposal just days after Adams pitched the so-called “BitBond” to a crowd at a bitcoin conference in Las Vegas. “Cryptocurrencies are not sufficiently stable to finance our city’s infrastructure, affordable housing, or schools,” Lander said in a press release . He added that such a move could shake investor confidence and run afoul of federal tax law. The idea is part of Adams’ broader push to position New York as a global crypto hub. Since taking office, he has converted paychecks into crypto and launched a digital asset advisory council. But Lander pushed back against the bond, which could use some of the proceeds to buy BTC. He argued that the city’s borrowing system is grounded in the U.S. dollar, and any deviation would require mechanisms that the city doesn’t have, like converting bitcoin into cash for public spending.

2025-05-31 18:44
JPMorgan's Jamie Dimon Says U.S. Should Stockpile Missiles, Not Bitcoin
JPMorgan CEO Jamie Dimon says the U.S. should prepare for war, not a bitcoin-driven future. Speaking at the Reagan National Defense Forum in California on Friday, TheStreet reports , Dimon dismissed recent government moves to bolster a national digital asset reserve, arguing that real-world defense logistics, not blockchain assets, should take priority. “We shouldn’t be stockpiling bitcoins,” Dimon said. “We know what we need. It’s not a mystery.” He called for the prioritization of “guns, bullets, tanks, planes, drones, and rare earths.” Earlier this year, U.S. President Donald Trump called for the establishment of a bitcoin reserve and digital assets stockpile. Dimon isn’t convinced about it. “If there’s a war in the South China Sea, we’ve got missiles for seven days,” he warned. “That’s not something we should be saying with a straight face.” Dimon, a well-known crypto critic, revealed earlier this month that JPMorgan will soon allow clients to buy bitcoin.

2025-05-31 18:22

1 2 3 4 →