Kategorie: Bitcoin News

Bitcoin news about the Bitcoin (BTC) blockchain and its crypto ecosystem.

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Pepe, dogwifhat see price gains amid altcoin spike

  • PEPE jumped to above $0.0000092, up nearly 13% as volume spiked 46%.
  • Meanwhile, dogwifhat hit highs of $0.64, also up 13% as altcoins mirrored Bitcoin gains.
  • Analysts say President Donald Trump’s announcement of a trade deal with the UK could spark further gains.

Pepe (PEPE) and dogwifhat (WIF) are among the top gainers in the crypto market today as Bitcoin rides bullish sentiment to near $100k.

The meme coins, ranked 28th and 98th by market cap on CoinMarketCap, posted double-digit gains as Bitcoin rose 3%, hitting a two-month high alongside a broader rally in risk assets.

PEPE traded at around $0.000009217, up by 12.59% at the time of writing. Whale activity suggests investor confidence.

Meanwhile, dogwifhat hovered near $0.64, up 13% in the past 24 hours.

The gains happened alongside a spike in trading volume, Pepe recording a 46% surge in daily volume to $766 million, while dogwifhat saw an increase of 44% to about $242 million.

dogwifhat, Pepe surge as crypto reacts to trade deal news

Bitcoin surged as investors reacted to President Donald Trump’s announcement of a massive trade deal between the United States and the United Kingdom.

As risk-on sentiment kicked in, equities signaled a rally with futures up. Cryptocurrencies, including the memecoins PEPE and WIF, rose alongside Bitcoin, Ethereum, and Solana.

EOS and Pudgy Penguins led the top performers.

With the trade deal likely to be among many others lined up, analysts say an easing of tariff tensions could spark fresh market optimism.

“President Trump teased a major trade deal this morning, with speculation pointing to the UK. Despite a few details, the headline alone sparked a sharp risk-on reaction across global markets,” QCP Capital analysts noted.

“Crypto jumped on the news. $BTC rose 2.74% to reclaim $99K, while $ETH surged 6.89%, breaking out of a three-week range. Options flow showed strong demand for May and June calls, signalling renewed bullish sentiment,” they added.

PEPE and WIF price outlook

While analysts urge a cautious approach as the US markets open, they see a BTC close above $100k as potentially adding to the upside.

This scenario could see meme coins soar amid capital rotation into anticipated gainers.

The surge in volume and open interest (+13% to $454 million for PEPE, and +16% to $244 million for dogwifhat) suggests strong interest in the tokens.

If this sentiment holds as BTC rallies, buying pressure could see PEPE and WIF rise to key levels.

WIF price could return to above $1 if bulls edge higher.

Meanwhile, Pepe may see a zero taken off the price range, with recent hurdles at $0.000015 and $0.000020 key.

The post Pepe, dogwifhat see price gains amid altcoin spike appeared first on CoinJournal.

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Dogecoin faces $500 million liquidation test as price eyes $0.2 recovery

  • Ichimoku and RSI indicators show no bullish momentum.
  • The coming days could determine whether DOGE stages a recovery or slides into a deeper correction.
  • DOGE lags behind Bitcoin and Ethereum amid broader altcoin pullback.

Dogecoin is navigating a volatile phase as its price hovers just above key support levels.

After hitting a local high near $0.2, DOGE has trended downward, raising fresh doubts about the memecoin’s strength in the current market.

While leading cryptocurrencies like Bitcoin and Ethereum continue to consolidate, Dogecoin has struggled to maintain momentum.

The asset risks erasing nearly all gains from the past 30 days unless it can break through critical technical barriers and absorb significant short liquidations, estimated to exceed $500 million.

The coming days could determine whether DOGE stages a recovery or slides into a deeper correction.

$0.165 zone is critical

The Dogecoin price has hovered near a key liquidation zone at $0.165, where leverage from traders has accumulated above $500 million. This threshold is seen as a pivotal point for a potential short squeeze.

Source: CoinMarketCap

To break higher, the price may need to dip below this level to trigger liquidations, potentially forcing out short positions.

Such a move could clear the way for a stronger rebound and extend the upward trend.

This could allow bulls to target a return to $0.18 and eventually retest $0.2.

Technical signals remain weak

Technically, Dogecoin’s outlook remains weak. After failing to stay above its ascending trend line, DOGE has experienced sustained downward pressure.

The Ichimoku cloud’s conversion line is acting as stiff resistance, and there’s no indication yet of a bullish crossover.

Meanwhile, the Stochastic RSI has reversed after testing average levels, underscoring the growing influence of bearish sentiment.

DOGE is expected to test support at $0.162, a level below the $0.164 liquidation zone.

However, failure to hold this support could deepen the drawdown and prompt traders to reassess the memecoin’s long-term viability.

$0.2 in 2025?

While Dogecoin reached as high as $0.2 earlier this year, the question now is whether it can sustain such levels or rise further in 2025.

For this to happen, the token must establish consistent upward momentum, clear resistance levels, and attract renewed investor interest.

This appears challenging given its current technical weakness and absence of strong bullish signals.

Still, market volatility could favour sharp movements in either direction. If the expected short squeeze plays out after testing $0.162 support, DOGE may rally back towards $0.18 and $0.2.

But unless broader market conditions improve and sentiment shifts decisively, reaching the $0.5 mark in 2025 appears increasingly unlikely based on current data.

The post Dogecoin faces $500 million liquidation test as price eyes $0.2 recovery appeared first on CoinJournal.

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Florida scraps Bitcoin reserve bills as state-level crypto adoption faces setbacks

  • Florida’s decision follows a broader trend of legislative setbacks surrounding Bitcoin reserve proposals.
  • Similar bills have been shelved or blocked in states like Wyoming, Pennsylvania, Oklahoma, Montana, North Dakota, and South Dakota.
  • Only 19 US states are still actively exploring legislation related to state Bitcoin reserves.

Florida has withdrawn two key bills aimed at creating a state-level strategic Bitcoin (BTC) reserve, marking a significant pause in momentum for state-driven crypto investment efforts across the US.

House Bill 487 and Senate Bill 550, both introduced in February 2025, have now been “indefinitely postponed and withdrawn from consideration,” according to the Florida Senate website.

The bills had sought to authorize the use of public funds to invest in Bitcoin, signaling a potential shift in how state reserves are managed.

With their withdrawal, Florida becomes the latest in a growing list of states backing away from formal crypto reserve legislation.

Multiple states stall on BTC investment plans

Florida’s decision follows a broader trend of legislative setbacks surrounding Bitcoin reserve proposals.

Similar bills have been shelved or blocked in states like Wyoming, Pennsylvania, Oklahoma, Montana, North Dakota, and South Dakota.

While many of these initiatives remain in early committee stages, few have progressed far enough to secure full legislative approval.

Arizona had shown the most progress earlier this year with SB 1025, which passed a state House vote before being vetoed by Governor Katie Hobbs.

The bill would have permitted investment of seized state funds into Bitcoin, representing the most advanced attempt at institutional BTC adoption at the state level.

Despite the veto of SB 1025, Arizona is still considering SB 1373, a separate proposal that would allow up to 10% of state funds to be allocated to digital assets, including Bitcoin.

However, that bill has yet to reach a final vote, and its fate remains uncertain amid growing legislative caution.

Is Bitcoin legislation losing steam nationwide?

According to data from Bitcoin Laws, only 19 US states are still actively exploring legislation related to state Bitcoin reserves (SBRs), with 36 bills under discussion.

The number has dropped significantly over the past six months, reflecting increased hesitation among lawmakers due to market volatility, fiscal risks, and regulatory uncertainty.

Much of this retreat has been attributed to concerns like those cited by Arizona Governor Katie Hobbs, who pointed to the lack of long-term historical data supporting Bitcoin’s stability or reliability for public fund management.

Despite the slowdown at the state level, Bitcoin reserve discussions are gaining traction federally.

President Donald Trump has reportedly signed an executive order directing agencies to explore the feasibility of a national Bitcoin reserve system.

Still, skepticism remains. BitMEX co-founder Arthur Hayes recently argued that the US is unlikely to meaningfully expand its crypto holdings, citing entrenched financial conservatism and cultural resistance toward Bitcoin.

The post Florida scraps Bitcoin reserve bills as state-level crypto adoption faces setbacks appeared first on CoinJournal.

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Bitcoin traders brace for FOMC meeting as volatility looms

  • FOMC expected to hold rates at 4.25%–4.50%, CME tool shows 95.6% odds.
  • Swissblock flags $97K–$98.5K as key resistance zone.
  • Powell’s comments could tilt Bitcoin towards breakout or correction.

Bitcoin is trading just below $94,000 as investors prepare for Wednesday’s Federal Open Market Committee (FOMC) meeting and Jerome Powell’s post-meeting press conference.

Source: CoinMarketCap

The Fed is widely expected to keep its benchmark interest rate steady at 4.25%–4.50%, with CME FedWatch Tool data showing a 95.6% probability of a rate hold.

Despite this consensus, traders are bracing for volatility triggered by Powell’s comments on the economic outlook, inflation, and rate trajectory, which could sway risk sentiment across digital assets.

Market participants are especially focused on forward guidance, as recent economic data and geopolitical tensions have clouded expectations for rate cuts later this year.

Trading volume dips, ETF inflows slow ahead of Fed event

Bitcoin’s recent sideways movement reflects a cautious market mood.

ETF inflows have cooled, and leverage appears to be winding down as traders await clarity.

Analysts at Swissblock describe the environment as a “battle of resistance” and note that high open interest and negative funding rates point to intensified bearish bets.

They flag the $97,000–$98,500 range as a critical resistance zone.

A break above could trigger short liquidations, but a failed rally might trap bullish traders if momentum fades.

Liquidation data also supports this tension. As price hovers within a tight range, derivatives traders appear to be betting on a volatile move in either direction.

Risk appetite has cooled, but significant positioning remains open, suggesting market participants are preparing for a breakout or breakdown, depending on Powell’s tone.

Powell’s guidance could determine market direction

While no change in rates is expected this week, traders are looking for hints on the Fed’s stance for June and beyond.

In previous meetings, Powell’s words have caused major swings in crypto markets.

December 2023 saw a hawkish turn that led to a broad sell-off in risk assets, and some fear that a repeat could materialise if Powell signals further tightening or ignores recent signs of economic slowdown.

Market sentiment has been dampened by soft GDP data and renewed trade tensions with China.

The impact of President Donald Trump’s recent tariff rhetoric has raised concerns that rate cuts previously expected in June may now be delayed.

Veteran trader Mathew Dixon noted that expectations for a June cut have already flipped to a hold, further pressuring sentiment.

Gold’s recent rally is also seen as a sign of risk-off positioning. According to analysts, this suggests investors are hedging against potential shocks from the Fed’s announcement.

Bitcoin price action hinges on macro signals

Bitcoin is currently consolidating near local support as traders weigh macroeconomic uncertainty.

Degens, or high-risk crypto traders, are reportedly building long positions, anticipating a price move.

However, some analysts warn that market makers may push prices lower to trigger stop losses before a potential upside.

Swissblock’s analysis supports this view, suggesting that any breakout could be preceded by a final liquidity sweep.

Historical data offers mixed signals. Three of the last five FOMC announcements have coincided with Bitcoin rallies, but this week’s event is clouded by more complex macro conditions.

The unresolved US-China tensions, weaker consumer demand, and political pressure around inflation all weigh heavily on market sentiment.

BitMEX co-founder Arthur Hayes has previously argued that a shift back to quantitative easing could ignite a parabolic Bitcoin rally.

But in the absence of dovish signals, Bitcoin could retest recent lows in a sharp pullback.

With no clear catalyst either way, the market remains delicately balanced, awaiting Powell’s next move.

The post Bitcoin traders brace for FOMC meeting as volatility looms appeared first on CoinJournal.

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Trump hints at China tariff cut: will Bitcoin price soar past $100K as trade tensions ease?

  • Trump acknowledged that the existing 145% US tariff on Chinese imports is ‘too high’.
  • Currently, the US and China are locked in a steep tariff battle.
  • Bitcoin and Ethereum have shown strong performance during periods of dovish monetary policy and reduced inflation.

US President Donald Trump has signaled a willingness to lower tariffs on Chinese goods.

The announcement comes amid escalating speculation about how such a policy shift could impact inflation, interest rates, and digital assets like Bitcoin and Ethereum.

Trump’s comments have already sparked renewed interest among crypto investors, who see a potential rally in the making.

Speaking in a recent CNBC interview, President Trump acknowledged that the existing 145% US tariff on Chinese imports is “too high” and has effectively crippled bilateral trade.

“At some point, I’m going to lower them,” he said, adding that China is eager to resume business with the United States.

Trump’s remarks suggest that trade talks between the two global powers could be back on the table, with hopes of a more balanced economic relationship.

Currently, the US and China are locked in a steep tariff battle, with Beijing retaliating by imposing a 125% duty on American goods.

These tit-for-tat tariffs have disrupted global supply chains and contributed to higher prices for consumer goods ranging from electronics to clothing.

Industry analysts believe that easing these levies could reduce inflationary pressure, thereby influencing the Federal Reserve’s monetary policy, particularly in holding back further interest rate hikes.

From a crypto market perspective, the implications are significant.

Historically, digital assets such as Bitcoin and Ethereum have shown strong performance during periods of dovish monetary policy and reduced inflation.

With tariff reduction on the horizon, crypto investors are betting on a resurgence in prices.

Bitcoin, for instance, recently dipped below $80,000 but has since bounced back, trading above $94,000 at press time.

Analysts predict that if sentiment continues to improve, Bitcoin could breach the $100,000 milestone, triggering a broader market rally.

Beyond Bitcoin, altcoins like Ethereum (ETH), Ripple (XRP), and Solana (SOL) also stand to gain from a more favorable economic environment.

Reduced trade tension often translates to increased risk appetite, driving more capital into speculative assets like cryptocurrencies.

Trump’s comments also hint at a broader economic recalibration.

Lower tariffs could ease operational costs for American businesses and improve consumer sentiment, factors that indirectly feed into the crypto economy by increasing liquidity and investor confidence.

While a final decision is yet to be made, the mere prospect of US–China trade normalization has already set the tone for a volatile yet potentially bullish phase in the crypto markets.

As always, traders are advised to keep a close eye on policy shifts that could influence macroeconomic indicators and, by extension, digital asset prices.

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