Kategorie: Crypto Analysis

Key takeaways

• BTC is trading below $109k and could retest the $107k region before rallying high.
• Market analysts believe Trump’s new trade negotiation date of August 1 will make Bitcoin less volatile.

The cryptocurrency market was bullish over the weekend, with the major cryptos currently in the green. Bitcoin climbed above $109k on Sunday but has slightly retraced and could dip lower in the coming hours.

Despite that, analysts remain optimistic about Bitcoin’s medium-term performance ahead of Trump’s trade deal negotiations in August.

Analysts expect a less volatile July for Bitcoin

July could be a quiet month in terms of trade deals as U.S. Treasury Secretary Scott Bessent announced Sunday that tariffs, initially revealed in April, will take effect on Aug. 1.

The tariffs will take effect for countries without a trade agreement with the U.S.  Bessent warned that the tariff level will revert to April’s rates if negotiations fail before that date.

While speaking to The Block, Jeff Mei, COO at BTSE commented that,

“Traders previously were concerned about volatility leading up to the July 9 tariff deadline on Wednesday. It looks like markets are rallying after it was revealed countries will have more time to negotiate before tariffs take effect at the beginning of August.”

According to Mei, the upcoming release of the U.S. consumer price index on July 15 will give investors an insight into whether inflation is low enough for the Federal Reserve to lower interest rates.

An interest rate cut would be potentially positive for Bitcoin and could spur it to surpass its current all-time high price of $111k.

BTC could refresh its record highs soon amid bullish sentiments

The BTC/USD 4H chart is bullish and efficient as the bulls are currently in control of the Bitcoin market. The technical indicators suggest that Bitcoin could rally to a new all-time high soon.

The RSI of 53 shows that buyers are regaining control, while the MACD lines are currently in the positive zone, suggesting a strong buying sentiment. However, BTC could retest the low of $107,850 before rallying higher in the near term. 

If Bitcoin continues its upward momentum, it could extend the rally toward the May 22 all-time high at $111,980. An extended rally would allow Bitcoin to reach a new all-time high price.

On the flipside, failure to defend the support level at $107,850 could see BTC retest the consolidation zone and Transactional Liquidity (TLQ) area at $105,333.

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• Initial ruling of “yes” on 24 June appearance has been formally challenged.
• Debate centres on lack of tie, trainers, and formality of attire.
• Background includes past bet confusion and political pressure from Trump.

Ukrainian President Volodymyr Zelenskyy’s attire has unintentionally sparked a multimillion-dollar crypto betting frenzy.

A simple prediction on Polymarket—asking whether Zelenskyy would appear in a suit by the end of June—has evolved into a $79 million conundrum over what counts as a suit.

The wager, originally intended as a light-hearted market, has escalated into a contentious debate now entangled in rule interpretations, public appearances, and even political optics.

Polymarket ruling contested as images from NATO visit go viral

The current round of confusion began on 24 June, when Zelenskyy attended a NATO gathering in the Netherlands.

He was photographed in a dark jacket, shirt, matching trousers, and trainers.

The images circulated rapidly, and many on the decentralized betting platform Polymarket interpreted the outfit as a suit.

Polymarket had opened the market on 22 May, posing the question: “Will Zelenskyy wear a suit before July?”

The original terms specified the outfit had to qualify as a suit in “a commonly accepted” sense.

Following the appearance, the platform initially ruled “yes,” triggering a partial payout.

But this decision was soon contested by some traders who argued that Zelenskyy’s look lacked formal shoes, a tie, or sufficient distinction between formalwear and casual attire.

This marks the second such dispute on Polymarket involving Zelenskyy’s clothes.

In May, a similar market had also closed amid controversy after Zelenskyy wore a matching jacket and trousers without a tie, prompting some to argue the outfit technically met the suit criteria.

Fashion writer Derek Guy had weighed in then, suggesting the items were cut from the same cloth, satisfying the definition of a suit despite the lack of conventional styling.

Historical context, war symbolism, and political tension

The significance of Zelenskyy’s wardrobe choices extends beyond betting mechanics.

Since the Russian invasion of Ukraine in 2022, Zelenskyy has consistently worn military-style clothing to represent solidarity with Ukrainian soldiers.

He has publicly stated that he will return to wearing suits only when the war ends.

However, the issue of his dress became politically charged after a high-profile meeting in early 2025 with US President Donald Trump in the Oval Office.

Trump, in a pointed moment, criticised Zelenskyy not only for his position on the war but also for his refusal to appear in formal attire during the meeting.

The comment led to international headlines and further politicised Zelenskyy’s clothing decisions.

Outcome delayed as appeals process continues

At present, Polymarket has paused any final settlements related to the Zelenskyy suit market.

Two formal challenges have been filed against the ruling that considered his 24 June outfit a suit.

These appeals have locked up the funds, preventing traders from accessing their winnings or losses until a final resolution is reached.

Polymarket operates using smart contracts and third-party arbitration to resolve disputes, and the final decision will be made based on the evidence submitted, including photographs and interpretations of the platform’s rules.

Until then, tens of millions of dollars remain in limbo.

Despite the market’s light-hearted appearance, the legal and financial implications are very real.

With nearly $79 million in total volume, the Zelenskyy outfit debate has become one of the most valuable prediction markets ever run on Polymarket—surpassing even previous political betting events.

Whether or not Zelenskyy’s NATO appearance qualifies as a suit will now depend on the arbitration panel’s interpretation, which could set a precedent for future fashion-related prediction markets on the platform.

The post Zelenskyy’s attire divides Polymarket with $79M at stake appeared first on CoinJournal.

Key takeaways

• PEPE has lost 9% of its value in the last 24 hours, erasing some of the gains recorded earlier this week.
• The technical indicators remain bullish as PEPE could reclaim $0.00001077 soon.

Bitcoin dips below $109k, Pepe loses 9%

The cryptocurrency market has turned bearish after its recent positive performance. Bitcoin, the leading cryptocurrency by market cap, is down 1% in the last 24 hours and now trades below $109k. 

The negative performance saw the total cryptocurrency market drop to $3.35 trillion. PEPE, the native coin of the Pepe memecoin, lost 9% of its value in the last 24 hours, making it the worst performer among the top memecoins.

At press time, PEPE is trading at $0.00000980 but could rally higher amid strong technical indicators. 

PEPE eyes $0.00001077 as bullish sentiment remains

The PEPE/USD 4-hour chart remains bullish despite the token losing 9% of its value in the last 24 hours. The technical indicators remain positive, suggesting buying pressure from investors.

The Moving Average Convergence Divergence (MACD) lines are currently in the positive zone, indicating that buyers are in control of the market. Furthermore, the Relative Strength Index (RSI) of 56 shows PEPE is neutral but could enter the overbought region if the bulls stay in control.

If the bullish trend continues, PEPE could test the immediate and formidable resistance between $0.00001070 and $0.00001077. The price has repeatedly tested this zone and struggled to push through.

A sustained and decisive move above this resistance level would be a significant bullish signal, likely paving the way for a test of the $0.00001100 mark. 

On the downside, PEPE could struggle if bulls fail to defend the current support level at $0.00000980. Failure to defend this support level could see PEPE dip towards the Transactional Liquidity (TLQ) region at $0.00000898. These support levels are crucial, especially if a short-term pullback is expected.

The post Pepe indicators remain bullish despite losing 9%; check forecast appeared first on CoinJournal.

• Dogwihat’s all-time high of $4.85 was hit in March 2024.
• 2025 price forecasts range from $1.17 to $3.65.
• Solana ecosystem interest helps boost WIF’s appeal.

Dogwifhat (WIF), a meme coin operating on the Solana blockchain, is regaining traction after a seven-day rally that pushed its price up by more than 20%.

Currently trading at $0.92322, WIF has seen renewed interest from retail traders and meme coin enthusiasts, helping it reach a market capitalisation of $931.21 million.

The token now ranks 75th among all cryptocurrencies by market cap.

The gains follow a relatively quiet period after WIF hit its all-time high of $4.85 on 31 March 2024.

The coin’s lowest recorded price was $0.00002344, in November 21, 2023.

With this recent surge, WIF is once again being discussed as a possible contender for further upside if the anticipated altcoin season materialises later this year.

Market data shows rising investor confidence

WIF’s current circulating supply is 998.84 million tokens, with a trading volume of $729.81 million.

These figures suggest high liquidity and increasing trading interest in the asset.

The price movement has occurred in tandem with a broader rally in Solana-based assets, many of which have benefited from growing interest in the Solana ecosystem as a faster, cheaper alternative to Ethereum for hosting tokens and dApps.

The surge has sparked renewed debate in the cryptocurrency space about whether meme coins, particularly those backed by active communities and high trading volumes, can hold long-term value or are simply speculative assets.

While Dogwifhat lacks utility-based features seen in some DeFi or Layer 2 tokens, its recent growth underscores the continued demand for meme coins.

Forecasts vary between $1.17 and $3.65 for 2025

According to projections, Dogwifhat could reach an annual high of $3.65 in 2025, if bullish sentiment in the crypto market continues and regulatory risks remain low.

On the downside, analysts suggest that the token could fall to $1.17 under adverse conditions, such as a market correction or the introduction of stricter crypto regulations.

The expected average price for WIF in 2025 is around $2.41, although this remains speculative and highly dependent on broader market trends, sentiment, and the performance of other Solana-based assets.

Much of the optimism is tied to the potential for another altcoin season, during which meme coins tend to outperform, particularly in high-liquidity trading environments.

Community-driven tokens continue to influence the market

Dogwifhat’s market performance highlights the growing role of community-driven tokens in shaping cryptocurrency price movements.

Meme coins like WIF often gain momentum based on social media attention, trading volume surges, and listing on popular exchanges.

Their volatility, while high, is increasingly being seen as a feature rather than a bug by retail traders who prefer high-risk, high-reward opportunities.

The rise of Dogwifhat also reflects the influence of the Solana ecosystem, which has seen increased adoption due to its low transaction fees and high throughput.

WIF’s gains parallel a broader trend of Solana-based tokens outperforming the market during short-term rallies, often fueled by speculative enthusiasm and the network’s growing developer community.

The post Dogwifhat up 20% in 7 days as Solana meme coin regains momentum appeared first on CoinJournal.

Key takeaways

• Ether is up by more than 6% in the last 24 hours and briefly hit the $2,600 mark.
• The cryptocurrency could rally towards $2,900 amid strong technicals.

ETH surges 6% to hit $2,600

Ether (ETH), the second-largest cryptocurrency by market cap, is one of the top performers among the top 10 cryptocurrencies. The coin added more than 6% to its value in the last 24 hours and now trades at $2,598 per coin.

The positive performance comes amid a strong recovery by the broader crypto market. Bitcoin is heading towards the $110k mark after adding 3% to its value. Dogecoin and Cardano are also up 7% and 6% respectively in the last 24 hours, while XRP, TRX, and BNB are also in the green.

Ether’s rally can be attributed to increasing interest from institutional investors. Data obtained from Glassnode shows that 106,000 ETH coins flowed into spot Ether exchange-traded funds (ETFs) last week, indicating strong institutional demand.

ETH could rally towards $2,900 soon

The ETH/USD 4-hour chart is bullish but inefficient, suggesting that there is a transfer of money about to take place on the lower timeframe. The technical indicators are bullish, suggesting buying pressure on Ether.

The coin has been trading between the 50-day simple moving average (SMA) ($2,528) and the horizontal support at $2,323 in the last few days. Both MACD lines are within the positive region, suggesting a strong bullish bias. Furthermore, the RSI of 66 shows that ETH is currently entering the overbought zone.

Ether could likely dip to $2,530 to become efficient on the 4-hour timeframe, allowing it to rally higher. If the bulls remain in control, Ether could rally towards the first major resistance level at $2,738. The coin could test the next major resistance level at $2,879 if the bullish bias extends longer.

However, if the bulls become exhausted before hitting any of the above-mentioned levels, the bears will try to pull the pair below the $2,323 support. Failure to defend this level could see the pair plunge to the next major support level at $2,111.

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