Kategorie: Crypto Markets

• BTC crossed $106,000 on 13 June, sparking institutional buying.
• The coin currently trades near the $107K mark.
• Market signals show mixed short-term sentiment despite the ETF rebound.

Bitcoin investment products saw a sharp rise in institutional inflows last week, reversing a two-week trend of capital flight.

Between 9 and 13 June, BTC-backed exchange-traded funds (ETFs) recorded $1.37 billion in net inflows, marking their first positive weekly performance since late May.

The turnaround in sentiment came despite sluggish price action early in the week, suggesting a shift in investor behaviour driven by price recovery and growing appetite for digital assets in traditional markets.

The resurgence in inflows reflects how closely institutional participation remains tied to BTC’s price performance.

While the early part of the week saw subdued demand due to Bitcoin trading flat below $106,000, the mood shifted rapidly once the coin rebounded.

By 13 June, BTC had crossed the $106,000 mark and closed the week strong, leading to a fresh wave of capital inflow across ETF markets.

The momentum saw BTC ETFs absorb more than $1 billion in new funds, underscoring the growing confidence among institutional players.

Derivatives market shows signs of caution

Despite the uptick in spot ETF activity and Bitcoin’s 1% price gain on Monday, the derivatives market paints a more cautious picture.

As of writing, Bitcoin trades at $106,994, with a 19% rise in 24-hour trading volume.

However, futures open interest—a key metric tracking unsettled contracts—has declined nearly 10% since 10 June, now standing at $69.39 billion.

This decline signals that many traders are closing out or refraining from entering new leveraged positions.

In times of heightened uncertainty or weak price conviction, such a move often reflects a risk-off attitude.

Lower open interest can also indicate reduced market participation, which typically leads to lower volatility but also dampens bullish momentum.

The disconnect between ETF inflows and derivative activity points to a mixed outlook.

While long-term holders and institutions appear more confident in Bitcoin’s trajectory, short-term speculators remain wary of potential pullbacks or broader market corrections.

Sensitivity to BTC price remains high

The interplay between ETF inflows, derivative markets, and on-chain sentiment suggests that Bitcoin remains highly sensitive to price signals.

The dramatic reversal in ETF participation shows that institutional capital flows are still reactive to near-term performance.

A firm close above a psychological resistance level like $106,000 can, therefore, unlock substantial inflows, even after short periods of consolidation or outflows.

Conversely, the subdued activity in the futures market and rising demand for puts shows that not all market participants are convinced of a sustained rally.

This divergence highlights a broader trend in the crypto markets, where long-term conviction and short-term caution often coexist.

For now, Bitcoin has managed to recapture institutional attention, at least in the spot ETF space.

Whether this trend can sustain itself amid mixed signals in the derivatives sector will depend on how BTC performs in the coming weeks—particularly whether it can defend the $106,000 level and regain broader market confidence.

The post US Bitcoin ETF inflows hit over $1.3 billion last week appeared first on CoinJournal.

• Despite the renewed uncertainty, the long-term outlook for Bitcoin remains largely optimistic.
• With Bitcoin’s climb, early-stage tokens like Bitcoin Pepe could stand to benefit significantly.
• The Bitcoin Pepe presale has raised over $14 million. The BPEP token is currently priced at 0.0416.

Bitcoin has tumbled closer to the psychologically significant $100,000 mark, dealing a blow to traders who had been anticipating a breakout to new all-time highs.

The decline followed a sharp escalation in geopolitical tensions after Israel launched a series of airstrikes on Iran.

Bitcoin responded swiftly, falling 2.8% from $106,042 to $103,053 within 90 minutes.

Despite the renewed uncertainty, the long-term outlook for Bitcoin remains largely optimistic.

Over the past few weeks, several analysts have issued bullish forecasts, citing macroeconomic shifts, growing institutional interest, and broader adoption trends.

If those predictions play out, early-stage tokens like Bitcoin Pepe could stand to benefit significantly.

These assets, while carrying some degree of elevated risk, are increasingly appealing to investors seeking higher upside potential in a recovering market.

As sentiment improves across the crypto landscape, speculative tokens often see renewed inflows, with traders rotating capital into high-volatility opportunities in pursuit of outsize returns.

Bitcoin at $1 million?

Bitcoin could potentially rise tenfold and reach $1 million over time if adoption continues to expand, according to Galaxy Digital founder and CEO Mike Novogratz.

Speaking with CNBC on Thursday, Novogratz said the long-term bull case hinges on generational shifts and growing acceptance of Bitcoin as a legitimate store of value.

“The bull case becomes that over time, young people care about it more than old people, so gold slowly gets replaced by Bitcoin,” he said.

“If you look at gold’s market cap and Bitcoin’s market cap, Bitcoin has a long way to go — 10x — and so that’s [$1 million] Bitcoin just to be where gold is.”

Novogratz is the latest in a growing list of high-profile Bitcoin advocates to forecast significant long-term upside.

Strategy’s Michael Saylor has also repeatedly outlined a multi-year bullish thesis for cryptocurrency.

Novogratz pointed to accelerating macro adoption as the key driver behind his forecast.

“Now we’ve got all these treasury companies buying Bitcoin, we’ve got sovereign wealth buying Bitcoin, we’ve got retail investors buying Bitcoin, there are easier ways to get it,” he said.

“So the adoption of Bitcoin as a macro asset, as an asset to save money in, I think that’s now a ball rolling downhill.”

Bitcoin Pepe to ride the Bitcoin wave

In a scenario where Bitcoin breaches the $1 million mark, high-risk, high-reward assets like Bitcoin Pepe could be among the biggest beneficiaries.

A breakout of that scale would likely reignite speculative appetite across the crypto market, channeling capital into smaller, meme-infused tokens that promise exponential upside.

Bitcoin Pepe is uniquely positioned at the convergence of two dominant narratives: its integration with Bitcoin’s technical infrastructure and its foundation in internet meme culture.

This dual identity enhances its appeal in bullish market phases, where investors tend to chase novelty and asymmetric return potential.

As the first meme-centric Layer 2 network built on Bitcoin, Bitcoin Pepe aims to combine the base layer’s security with scalability on par with Solana.

This infrastructure-forward positioning, paired with its viral meme appeal, has helped the project stand out in a saturated market.

Its ongoing presale has already raised over $14 million, underscoring strong investor interest ahead of a scheduled listing announcement on June 17.

The BPEP token is currently priced at $0.0416.

The post Where is Bitcoin Pepe headed as analyst sees BTC hitting $1M? appeared first on CoinJournal.

• The US SEC has rescinded a series of proposed rules introduced under the previous administration.
• With the regulatory scenario improving, projects like Bitcoin Pepe stand to gain.
• Bitcoin Pepe’s presale has raised over $14 million in its ongoing presale.

Bitcoin has tumbled closer to the psychologically significant $100,000 mark, dealing a blow to traders who had been anticipating a breakout to new all-time highs.

The drop came after Israel launched a series of airstrikes on Iran, further escalating geopolitical tensions in the region.

Explosions were reported in Tehran at 22:50 UTC on Thursday, shortly before Israel took responsibility for the strikes.

Bitcoin reacted swiftly, falling 2.8% from $106,042 to $103,053 within 90 minutes.

Despite the mounting uncertainty, there is a notable development on the regulatory front.

The US Securities and Exchange Commission has withdrawn a set of proposed rules introduced under the Biden administration — a move that could signal a shift in the agency’s approach to crypto regulation.

With the regulatory scenario improving, projects like Bitcoin Pepe stand to gain from the increased visibility.

SEC scraps Biden-era rules

The US Securities and Exchange Commission has formally rescinded a series of proposed rules introduced under the Biden administration, including two key measures targeting crypto custody and exchange oversight.

In a statement issued Thursday, the SEC said it was “withdrawing certain notices of proposed rulemaking” that had been floated between March 2022 and November 2023, during the tenure of former Chair Gary Gensler.

The agency clarified that it “does not intend to issue final rules with respect to these proposals,” but left the door open to revisit the issues with new proposals in the future.

The move marks the latest regulatory rollback under President Donald Trump, who has signaled a broad push for deregulation across both digital assets and traditional markets.

“Down goes 3b16, qualified custodian, and all the other unfinished Gensler rule proposals,” Coinbase chief legal officer Paul Grewal wrote on X, applauding the development.

Bitcoin Pepe can ride the broader momentum

The increasing regulatory clarity is expected to bring much-needed visibility to the broader altcoin and meme coin markets, potentially reshaping investor perception of these assets.

As oversight improves, the shift from pure speculation to more credible, utility-driven narratives within the digital asset ecosystem could accelerate.

This evolving landscape may lend legitimacy to technically ambitious projects like Bitcoin Pepe, which are attempting to bridge the gap between meme-driven appeal and real-world functionality.

By combining infrastructure innovation with cultural relevance, such projects stand to benefit as the market begins to reward substance alongside sentiment.

Unlike many meme tokens that depend entirely on momentum and community-driven hype, Bitcoin Pepe distinguishes itself with a defined technical roadmap and an infrastructure-focused approach.

Backed by this more structured narrative, the project has already raised over $14 million in its ongoing presale, with a listing announcement scheduled for June 17.

The post Best crypto to buy now as SEC scraps Biden era proposed crypto rules appeared first on CoinJournal.

• The Chaikin Money Flow is in negative territory, showing bearish capital flows.
• Squeeze Momentum Indicator hints at upcoming price volatility.
• Reclaiming $0.180–$0.188 may signal trend reversal, but outlook remains cautious.

HBAR has reversed its earlier gains this week, dropping 6.43% in the last 24 hours and settling at $0.1679. The altcoin’s short-lived rally of 13% failed to overturn a month-long downtrend.

Investors remain cautious, with technical indicators now pointing towards sustained bearish pressure.

Key metrics like the Chaikin Money Flow and Squeeze Momentum Indicator suggest HBAR could face significant volatility ahead.

Unless buying interest returns quickly, the asset risks slipping further towards the $0.154 level in the near term.

Bearish CMF signals declining investor confidence

One of the clearest signals of HBAR’s faltering momentum comes from the Chaikin Money Flow indicator.

The CMF has now crossed into negative territory, suggesting that capital outflows are exceeding inflows.

This metric, which reflects buying and selling pressure, implies that investor confidence in HBAR’s short-term recovery is weakening.

Market participants are becoming increasingly cautious as trading volumes fail to support a rebound.

The earlier 13% price increase that briefly took HBAR out of its slump has been undone, with traders failing to follow through with sustained buying.

Without a shift in sentiment or a clear catalyst to spark demand, the coin’s price may remain under downward pressure.

At current levels, HBAR risks losing support at $0.163—a critical zone that, if breached, may result in steeper losses.

Squeeze momentum indicator shows volatility is incoming

Volatility is another major concern for HBAR. The Squeeze Momentum Indicator (SMI), which helps traders anticipate sharp price moves, has formed black dots over the past 48 hours.

This pattern typically suggests that a “squeeze” is developing, meaning a breakout—upward or downward—may be imminent.

As of now, the SMI bars remain red, reinforcing the bearish tone. However, traders are closely watching for a shift to green, which could signal a bullish reversal.

Until such a shift occurs, the indicator suggests that HBAR may continue to experience selling pressure.

The importance of this squeeze lies in its potential to trigger a large move in price.

Given the lack of current momentum and the negative readings from both CMF and SMI, the odds favour a downward move unless sentiment shifts decisively.

If the trend continues, HBAR could test lower levels around $0.154.

HBAR fails to recover from downtrend

The overall market structure for HBAR remains bearish.

Despite the temporary recovery earlier this week, the token has failed to exit the broader downtrend that has gripped it for over a month.

Price action shows a consistent inability to break past the $0.172 resistance level, a key point that analysts believe must be overcome for any bullish sentiment to return.

The next few trading sessions are crucial. A move above $0.172 would invalidate the current downtrend and may attract fresh buying.

In that scenario, HBAR could reclaim higher levels near $0.180 and potentially target $0.188.

However, without strong buying support, that outcome looks unlikely for now.

For now, the bearish indicators—negative CMF, red SMI bars, and failed breakout attempts—suggest that HBAR’s path of least resistance remains downward.

Unless the market sees renewed interest or a favourable external event, HBAR could continue facing headwinds in the coming days.

Key support and resistance zones to watch

HBAR’s immediate support lies at $0.163, a level that has held up in recent sessions.

A break below this threshold may expose the token to losses towards $0.154, intensifying the current downtrend.

On the upside, resistance remains at $0.172, followed by $0.180 and $0.188. Only a decisive move past these levels will mark a potential reversal and allow bulls to regain control.

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