Monat: Juni 2025

Veröffentlicht am

Magic Eden price nears all-time low as 15% dip extends downtrend

  • Magic Eden is down 15% as the price extends the downtrend.
  • The ME token rose sharply before paring all the gains after Trump’s sons distanced the Trump Organization from a new wallet announcement.
  • Magic Eden price could dip to support around $0.78, its all-time low reached in April.

Magic Eden (ME) price is down by more than 15% in the last 24 hours as the altcoin extends losses since the sharp downturn from highs of $1.15 on June 3, 2025.

ME traded around $0.87 amid ongoing downside pressure after recent wallet-related news drama brought the bears out in full swing.

Notably, the declines have the Magic Eden token trending towards its all-time low of $0.78 reached in early April.

Data from CoinMarketCap, which also shows a 58% dip in trading volume, suggests the ATL is about 21% off current price levels.

Why is the Magic Eden price down today?

As noted above, the ME token skyrocketed earlier this week, jumping sharply to hit $1.15 from around $0.8 amid trader excitement.

The catalyst for this vertical move, as seen in the chart below, was the announcement of a Trump-branded crypto wallet.

The Magic Eden social media post on X shared the “big news”, alluding to a partnership between Magic Eden and GetTrumpMemes.com.

The news hinted at “the First and Only Crypto Wallet for True Trump Fans.”

Reaction across the crypto space was whether this was legit, with many pointing to what it meant for the TRUMP and ME tokens.

But shortly after the Magic Eden team shared the news, Donald Trump Jr. posted a public disclaimer that the Trump Organization was not part of the said TRUMP wallet.

The same message came from Eric Trump, President Donald Trump’s other son. Eric cautioned Magic Eden in a post on X:

“I would be extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization.”

ME token technical outlook

Market reaction to the chain of events flipped from positive for ME to negative, with the token dipping below $1.

The retracement has continued in the past 24 hours, bringing the Magic Eden token’s value to below $0.9 on June 5.

Magic Eden price chart by TradingView

While the Magic Eden price could flip higher from current levels, the technical picture supports a bearish move.

The RSI on the 4-hour chart is below 50 and indicates a downward move, while the MACD signals bearish strength amid a rising negative histogram.

Further downside action, mirroring broader market weakness, sees the ME token poised near $0.87. If price breaks lower, it could fall to the $0.78 support area.

The post Magic Eden price nears all-time low as 15% dip extends downtrend appeared first on CoinJournal.

Veröffentlicht am

Bitcoin Pepe price outlook as JPMorgan reportedly plans to accept BTC ETFs as collateral

  • Speculative capital is moving toward early-stage tokens as traders hunt for momentum-driven gains.
  • Bitcoin Pepe has emerged as one of 2025’s most closely watched presales.
  • The project has raised over $13.7 million in its presale so far.

The broader cryptocurrency market tracked Bitcoin’s weak performance on Thursday, with most of the top 100 altcoins trading in the red.

Dogecoin (DOGE) and Cardano (ADA) led losses among major altcoins.

DOGE fell to $0.18878, while ADA slipped to $0.67710.

Bitcoin (BTC), the largest digital asset by market capitalization, remained largely flat over the past 24 hours and was last seen trading at $104,594.95.

Despite the decline, sentiment remains moderately bullish. The Crypto Fear and Greed Index is still in “greed” territory at 62, although it has edged down slightly from earlier levels.

With Bitcoin (BTC) experiencing renewed volatility, retail investors are increasingly shifting focus to high-risk, high-reward plays such as Bitcoin Pepe, which has entered the final phase of its presale.

Speculative capital is moving toward early-stage tokens as traders hunt for momentum-driven gains.

Bitcoin Pepe, in particular, is benefiting from this shift, emerging as a favored bet among those looking to capitalize on short-term upside.

The appeal is familiar: a low-cost entry point, meme-driven branding, and the prospect of sharp price appreciation following initial exchange listings.

As Bitcoin’s price action remains choppy, such presales are drawing heightened interest from risk-tolerant segments of the market.

JPMorgan to accept BTC ETFs as collateral

JPMorgan Chase is preparing to allow its trading and wealth-management clients to use crypto-linked assets, such as exchange-traded funds (ETFs), as collateral for loans, Bloomberg reported on Wednesday, citing sources familiar with the matter.

The shift will begin with financing arrangements backed by BlackRock’s iShares Bitcoin Trust (IBIT), the largest US-listed spot Bitcoin ETF.

The move is expected to take effect in the coming weeks, with additional crypto ETFs to be added thereafter.

IBIT has amassed $70.16 billion in assets under management since its launch in January 2024 and now accounts for over half of the $128.13 billion invested across all US spot Bitcoin ETFs, according to SoSoValue data.

The bank will also start factoring crypto holdings into clients’ net worth and liquid asset calculations.

This change applies across all client tiers globally, from retail investors to high-net-worth individuals.

While JPMorgan had previously accepted crypto ETF-backed collateral in limited cases, the new policy represents a broader, more systematic integration of crypto into its wealth and lending businesses.

The move signals growing institutional acceptance of digital assets and aligns with JPMorgan CEO Jamie Dimon’s comments in May, in which he stated that the bank would soon permit clients to buy Bitcoin.

Bitcoin Pepe continues its forward march

Even as Bitcoin contends with short-term volatility, its accelerating adoption by major financial institutions is fostering a more supportive environment for broader market rallies.

In this environment, investor appetite is again turning toward speculative corners of the market, with meme coins among the early beneficiaries.

One standout in this rotation is Bitcoin Pepe, which has attracted significant attention for its attempt to merge blockchain infrastructure with viral meme culture.

Bitcoin Pepe has emerged as one of 2025’s most closely watched presales, drawing investor attention for its stated ambition to “build Solana on Bitcoin.”

By aiming to merge Bitcoin’s network security with Solana-like scalability, Bitcoin Pepe seeks to stand apart in a crowded meme coin landscape, where most projects rely heavily on branding and lack substantive tech layers.

The project has raised over $13.7 million in its presale so far, signaling notable demand ahead of a listing announcement set for June 17.

To support the buildout of its Layer 2 ecosystem, Bitcoin Pepe has announced a series of strategic partnerships with Super Meme, Catamoto, and Plena Finance.

With speculative capital rotating toward early-stage projects, Bitcoin Pepe is positioning itself to benefit from the broader trend.

The post Bitcoin Pepe price outlook as JPMorgan reportedly plans to accept BTC ETFs as collateral appeared first on CoinJournal.