“Plus: $ Trump Token Slumps On Trump-Musk Drama and Wallet Fallout”, – WRITE: www.coindesk.com
Bitcoin
IS Trading Above $ 101.5k Asia Begins ITS TRADING DAY, SHRUGGING OFF FRIFF FRIFF UNCERTAINTIES FROM The TRUMP ADMINISTRATION.
However, The Real Story, Accorness to Seemir Gabeljic, Director of Capital Formation at Pythagoras Investments, is that Traders Continue to be laser High Degree of Confidentnce that Btc Will Reach $ 120,000, Buoyed by Persenti Corporate Buying and Deckling Valativity.
“The UNCERTAINTY FROM UNEXPICTED TARIFF INCREASESS by the Trump Administration is causing some volatility,” Gabeljic Said in an Email to Coindesk. “However, Bitcoin Remains Relatively Strong, with Lower Volatility Compared to Other Digital Assets.”
Institutional Bullishness Remains Resilgent, Gabeljic Highlighted, Noting That Traders On Polymarket Are “Prting in A 69% Probability That Bitcoin Will Hit at Least.
Flowdesk, A Paris-Based Market Maker, Echoed this Optimistic Outlook Despite Recent Subdored Market Conditions in a Recent Note on Telegram.
“The Market is Clearly Coiling, Waiting to Break Out of A Narrow Band Just Below All-Time Highs,” FlowDesk Wrote in Their Market Update Note. “Significant repositioning and Rotation from Bitcoin Towards Altcoins Has Occurred, Thought Btc’s Underlying Strength Remains Evident.”
FlowDesk Also Noted Cautious Market Behavior, As Indicated by a Modeste Deckline in BTC Funding Rates on Major Exchanges Like Binance, Which Suggests A Roduction in Levergege. However, on -chain Borrowing Activity Has Seen Renewed Vigor, Potentally Signaling Anticipation of An ImMinent Market Breakout.
Further Bolstering the Bullish Btc Narrative Is The Continued Acccumulation by Corporate Treasuries.
Listed companies Now Hold Approximately 809,100 BTC, Worth Nearly $ 85 Billion, Nearly Doubling the Ant -Ant Held A Year Ago, Driven by Favoryable Regulatary. Bitcoin Gains.
“The expert of a Continued Strong Bitcoin Remains,” SAID GABELJIC.
News Roundup$ Trump Token Drops 9% AS Musk-Trump Feud, Family Crypto Clash Spook InvestorsThe Presidential-Temed $ Trump Memecoin Fell 9.3% on Thursday, Significantly UnderForforming the Broader Crypto Market as Tracked by The Condesk 20, An Index Covering The Largest Deec.
The Token’s Sharp Downturn Followed A Heated Public Exchange Between President Donald Trump and Elon Musk, Sparked by Disagrees Over Trump’s Propossed “Big, Beatiful Bill” previoously rePORTED.
The argument escalated Quickly, with Musk Threatening to Ground SpaceX’s Dragon Spacecraft and Trump Countering by Suggesting the Government Might Severracts Cntracts With Musk
Further Pressure on the Memoein Came After Its Newly Launted Crypto Wallet, Created in Partnership with Nft Marketplace Magic Eden, Went Offline Following A Cease-Edu-Ed. Crypto Venture.
Trump’s Sons Publicly DistanCed TheMSELVES FROM The MEMECOIN PROJECT, HIGHLIGHTING THEIR INVOLVEMENT IN A SEPARATE ETHEREUM-BASED DEFI INITIATIVE, WORLD Liberty Financial. The International Branding Classes Aded Another Layer of Uncertainty, Amplifying Investor Concerns and Weighting Heavily on the Token’s Price.
CRCl Soars on FIRST DAY OF TRADINGCircle (CRCL) Shares Soared 167% on Their First Day of Trading, CLOSING AT $ 83 After Prting Its IPO at $ 31, Briefly Hitting An Intrady Peak of $ 104. The Surge Recalls Coinbase’s Volatile 2021 IPO, WHICH SIMILARLY STARTED STRONG BUT RAPIDLY LOST MOMENTUM, RAISING CAUTION AMONG INVESTORS ABOUT Long-Term Stability.
The Jump in Circle’s Stock Price Came Amid A Modest Uptick in Stablecoin Market Activity. Trading Volume for Circle’s USDC Rose 22% Over The Past 24 Hours, While Market Leader Tether’s USDT SAW VOLUME INCREASE by 13%. Despite The Bullish Debut, The Coming Weeks Will Test Circle’s Staying Power as Investors Assess Wheth Enthasiasm Armund Stablecoin Infrastructure Translates Into Sustaned Sustaned Stock.
US Treasury Sanctions Philippines FIRM LINKED TO $ 200M ‘PIG BUTCHERING’ CRYPTO SCAMS
The US Treasury’s Office of Foreign Assets Control. and it is administrator, liu lizhi, for facilitating “Pig Butchering” Crypto Scams Responsible for Over $ 200 Million in Losses from Us Vitims, Coindesk Previously Reported.
Ofac Acused Funnull Technology of Providing Digital Infrastructure, Such As IP Addresses and Domains, Used by Cybercriminals to D doigs Victims Into Fraudulent Crypto Investments.
“PIG BUTCHERING” REFERS to ELABORATE Crypto Scams That Groom Victims Over Time, Often Beginning Through Unselicited Messages and Fake Romantic Overtures, Before SonvinCing Ther. With these sanctions, ofac prohibits any users from engaging in transactions with Funnull or LIU Asset Ecosystom.
Market Movements:
- BTC: Bitcoin Droped Nearly 4% to Test The $ 100k Support Level Before Rebounding Above Above $ 101.5k, As High-Volume Seling and Major Exchange Outflows Signaned Growing Wearing Market.
- Eth: Ethereum Droped 4% After Repeatedly Failing to Surpass The Critical $ 2,640 Resistance Level, Despite Increated Institutional Buying and Notable Whatable What Acccumulation of Eth.
- GOLD: Gold Edged Higher to $ 3.363.58 in Early Asian Trading Amid Weak US Economic Data and Signs of EASING US-CHINA TENSIONS Silver Returns.
- Nikkei 225: Asia-Pacific Markets operated Higher, with Japan’s Nikkei 225 Up 0.14%, After A Positive 90-Minute Call Between US President Trump and China’s XI Jinning Set.
- S&P 500: US Stock Futures Flatlined As A Public Feud Between President Trump and Tesla Ceo Elon Musk Added Uncertain to Market Sentimnt.
Elsewhere in Crypto:
- ‘A Different Era’: Bored Ape Creator Yuga Labs Wants to Kill The Apecoin Dao (Decrypt)
- They Make No Money ‘: HERE’S WHAT TETHER’S CEO HAD TO SAY About Circle Before Its Massive IPO (DECRYPT)
- White House Crypto Chief Bo Hines Met With El Salvador’s Bukele to Discusses Bitcoin (Coindesk)
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