Schlagwort: blockchain markets

• Bitcoin Pepe is drawing increased interest from investors chasing higher upside potential.
• To bolster its ecosystem, the project has announced many strategic partnerships.
• Bitcoin Pepe’s ongoing presale has raised over $14 million.

Bitcoin hovered near its record high on Wednesday, with the price stabilising around $109,600—roughly 2% below the all-time peak set last month.

Ethereum and Ripple also held above key technical support levels, reinforcing a cautiously optimistic tone across broader crypto markets.

Bitcoin remains the cornerstone of the cryptocurrency ecosystem and continues to serve as a hedge against macroeconomic uncertainty.

However, its growing maturity, declining volatility, and rising institutional ownership have made it less attractive for investors seeking outsized, asymmetric returns.

In contrast, early-stage tokens like Bitcoin Pepe are drawing increased interest from risk-tolerant investors chasing higher upside potential.

With sentiment improving across the crypto landscape, these speculative assets are well-positioned to attract fresh inflows as traders rotate into high-volatility opportunities.

Analysts share bullish targets for Bitcoin

Bitcoin’s latest recovery has reignited optimism among traders and analysts, with many anticipating a push toward new all-time highs.

“Bitcoin’s monthly chart looks ready for acceleration,” said popular crypto analyst Jelle in a recent post on X. “A few months of up only with a blow-off cherry on top?”

As of June 11, Bitcoin was trading roughly 2.1% below its all-time high of over $111,000, which remains the next key resistance.

If that level is breached, Jelle sees $120,000 as the next target, with further upside potential toward $140,000–$150,000.

“If #Bitcoin can turn $108K into support here, I see us entering price discovery next. Initial target: $120k, then $140-150k for a cycle top,” the analyst added.

MN Capital founder Michael van de Poppe echoed a similar view, suggesting BTC could consolidate for a few sessions before a breakout above $110,500 sets the stage for new highs.

#Bitcoin accelerated after the first breakout above $106,500 and we ran all the way towards $110,000.

You can also see that the breakout above $108,900 accelerated price action (in this case to $110,500).

The first period of consolidation typically lasts a few days.

Then,… pic.twitter.com/sWHyOYduIq

— Michaël van de Poppe (@CryptoMichNL) June 10, 2025

 

How a Bitcoin rally helps Bitcoin Pepe

A renewed rally in Bitcoin, historically a catalyst for broader crypto momentum, is once again lifting sentiment across the digital asset landscape.

As capital flows back into the market, speculative tokens, particularly meme coins, are regaining traction among risk-seeking investors.

Bitcoin Pepe has emerged as a notable beneficiary of this rotation, positioning itself at the intersection of meme culture and blockchain infrastructure.

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

To strengthen its ecosystem, the project has announced several strategic partnerships with projects such as GETE Network, Catamoto, and Plena Finance.

These integrations aim to provide functional utility to BPEP, setting it apart from typical meme coins that rely solely on hype.

Investor interest has been robust. The presale has raised over $14 million in presale funding ahead of a listing announcement on June 17.

The post Bitcoin Pepe price outlook as analysts see BTC hitting new highs appeared first on CoinJournal.

• Bitcoin bull Michael Saylor has predicted that Bitcoin will hit $1 million.
• In a scenario where Bitcoin crosses the $1 million mark, high-risk, high-reward assets like Bitcoin Pepe could see outsized gains.
• The project’s ongoing presale has raised more than $14 million. The BPEP token is currently priced at $0.0416.

The total cryptocurrency market capitalisation rose 1% in the past 24 hours, extending its weekly gains to nearly 4% and reaching $3.45 trillion.

This level was last tested during a consolidation phase a few weeks ago. The current gradual climb resembles past cycles, where gains came with intermittent pauses rather than parabolic surges.

A continuation of the positive sentiment could push the market towards its all-time high of $3.7 trillion.

The growing influence of institutional and professional capital has tempered retail-driven FOMO, resulting in a steadier, more sustainable ascent—a trend more conducive to long-term investment strategies.

Bitcoin is trading above $109,000, but upward momentum is encountering resistance near $110,000.

Selling pressure is likely to intensify as it approaches the $112,000 level—the previous all-time high from late May.

However, Bitcoin bull Michael Saylor remains firmly bullish on the cryptocurrency. He has predicted that Bitcoin may hit $1 million.

A rally of such magnitude would not only benefit Bitcoin holders but also lift the broader cryptocurrency market.

In a scenario where Bitcoin crosses the $1 million mark, high-risk, high-reward assets like Bitcoin Pepe could see outsized gains.

Such a breakout would likely reignite speculative appetite across the market, drawing capital into smaller, meme-infused tokens that offer the potential for exponential returns.

Bitcoin Pepe stands at the intersection of two powerful narratives: its alignment with Bitcoin’s infrastructure and its deep roots in internet meme culture.

This dual positioning strengthens its appeal in bull markets, where investor demand for novelty and asymmetric upside intensifies.

Is BTC going to hit $1 million?

Strategy’s Michael Saylor has dismissed concerns about a return of the crypto market winter, asserting that Bitcoin’s accelerating adoption and shrinking daily supply set the stage for a rally to $1 million.

“Winter is not coming back,” Saylor told Bloomberg on Tuesday. “We’re past that phase; if Bitcoin’s not going to zero, it’s going to $1 million.”

Saylor noted that only around 450 Bitcoins are available for sale each day from miners, worth roughly $50 million at current prices of about $109,859, per CoinMarketCap.

“If that $50 million is bought, then the price has got to move up,” he said.

He also pointed to the growing number of public companies acquiring Bitcoin, which he claims are absorbing “the entire natural supply.”

Strategy, Saylor’s firm, has accumulated 582,000 Bitcoin since 2020, currently valued at approximately $63.85 billion, according to data from Saylor Tracker.

Bitcoin Pepe is soaring amid bullish momentum

A renewed surge in Bitcoin, fueled by institutional capital inflows, is reigniting risk appetite across the broader cryptocurrency market.

Among the standout beneficiaries is Bitcoin Pepe — a project straddling the intersection of meme coin culture and blockchain infrastructure.

Billed as the first meme-centric Layer 2 network built on Bitcoin, Bitcoin Pepe aims to merge the base layer’s security with Solana-style scalability.

This technical positioning, coupled with a strong meme narrative, has helped the project attract growing attention.

The ongoing presale has raised more than $14 million ahead of a scheduled listing announcement on June 17, reflecting robust investor interest as capital rotates into early-stage, high-upside opportunities.

The BPEP token is currently priced at $0.0416.

To bolster its Layer 2 ecosystem, Bitcoin Pepe has also secured strategic partnerships with projects such as GETE Network, Catamoto, and Plena Finance.

As Bitcoin’s rally continues to fuel market enthusiasm, Bitcoin Pepe is leveraging this momentum to cement its status as a serious contender in the next wave of speculative crypto plays.

 

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• Chainlink enables CBDC-stablecoin swap in HK pilot.
• LINK breaks $15 as volatility drops and momentum builds.
• Rising LINK derivatives signal strong bullish positioning.

Chainlink (LINK) has captured fresh investor interest after Chainlink’s CCIP successfully enabled a Hong Kong CBDC and an Australian dollar stablecoin swap.

We’re excited to share that Chainlink is facilitating the secure exchange of a Hong Kong CBDC and an Australian dollar stablecoin as part of an ongoing use case in Phase 2 of the e-HKD+ Pilot Program.

Congratulations to participants @Visa, ANZ, China AMC, and Fidelity… pic.twitter.com/ts2C6Vt4Ul

— Chainlink (@chainlink) June 9, 2025

Following the announcement, LINK rebounded from a key support level and surged past $15.00, buoyed by both technical strength and growing real-world adoption of Chainlink’s CCIP.

Notably, Chainlink’s role in enabling cross-border payments has reignited optimism about the long-term value proposition of its native token, LINK.

LINK price edges higher as volatility tightens and momentum builds

LINK is currently trading near $15.08 after posting a 9.1% gain over the past 24 hours, outperforming both Bitcoin (BTC) and Ethereum (ETH) in relative terms.

LINK’s current surge comes on the back of a strong rebound from the $12.64 support level, where bulls defended aggressively following weeks of downward consolidation.

A clear V-shaped recovery has now emerged on the daily chart, with LINK pushing through the $14.10 resistance cluster and approaching the next critical zone between $14.49 and $15.22.

In addition, technical indicators reveal a tightening volatility regime, with 30-day volatility dropping to 60.80% from a recent peak of 81.11%, suggesting an impending breakout.

Rising derivatives volume — up 28.25% to $621.23 million — and a 3.02% increase in Open Interest to $587.42 million show that traders are positioning for a continuation move.

Despite an increase of 36,286 LINK on exchanges, likely indicating strategic positioning, momentum remains bullish as cascading short liquidations may fuel further upside.

Overall, the broader market structure remains intact as long as LINK holds above $12.64, with sentiment continuing to turn positive among both retail and institutional investors.

With liquidation heatmaps showing dense short positions between $14.10 and $14.49, a decisive break above $15.22 could trigger a squeeze toward the $16.00 level.

Chainlink’s use in Hong Kong’s CBDC is fueling the bullish momentum

The Hong Kong Monetary Authority (HKMA), in collaboration with major financial players including Visa, ANZ, Fidelity International, and ChinaAMC, selected Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enable cross-border digital asset settlement in its CBDC pilot project.

Notably, the successful test that saw an Australian investor use the A$DC stablecoin, collateralised in AUD and issued on Ethereum, purchase a tokenised fund from a Hong Kong-based asset manager has elevated Chainlink’s profile in the global financial infrastructure narrative.

In the pilot, Chainlink’s CCIP bridged ANZ’s private DASchain with Ethereum’s public Sepolia testnet, enabling atomic swaps between the A$DC and Hong Kong’s CBDC, e-HKD, without intermediaries.

The test demonstrated how CCIP can enable seamless interaction between permissioned and permissionless blockchains in regulated environments.

The test also utilised ERC-20 wrapped e-HKD tokens to complete the settlement, with Chainlink’s infrastructure ensuring Payment-versus-Payment (PvP) mechanisms and compliance integrity across both chains.

The e-HKD+ pilot program, now in Phase 2, is expected to continue exploring use cases for tokenisation and programmable settlement throughout 2025, with results likely to impact CBDC development trajectories.

Although LINK tokens were not directly used in the transaction, the market has responded to Chainlink’s expanding real-world utility and relevance in institutional finance.

The post LINK price analysis as Hong Kong taps Chainlink for CBDC pilot project appeared first on CoinJournal.

• Cardano launches Cardinal Protocol, enabling BTC use in DeFi without bridges.
• ADA’s price surges as Cardinal adoption grows across major Cardano DeFi platforms.
• Cardinal ensures secure, non-custodial BTC staking and lending.

Cardano has taken a major leap in the decentralized finance world with the launch of its first Bitcoin DeFi protocol, Cardinal, triggering a sharp rise in the price and trading volume of ADA.

The Bitcoin DeFi protocol was first unveiled by Charles Hoskinson, the founder of Cardano, during the Bitcoin 2025 conference, where a live demo showcased a bridgeless BTC-to-Cardano transaction using the new system. The protocol is now live.

Cardano founder Charles Hoskinson has announced the launch of Cardinal, the first Bitcoin DeFi protocol on the Cardano network. The protocol leverages MuSig2 multi-signature technology to enable non-custodial cross-chain functionality, allowing users to directly use Bitcoin UTXOs…

— Wu Blockchain (@WuBlockchain) June 10, 2025

The news quickly rippled through the market, lifting ADA’s price by nearly 4% within 24 hours and pushing its trading volume to over $700 million, according to DefiLlama and market tracking data.

Adding fuel to ADA’s bullish momentum is its recent inclusion in the Nasdaq cryptocurrency index, something that is driving institutional interest.

Cardinal brings Bitcoin to Cardano’s DeFi ecosystem

For the first time, Bitcoin holders can now access decentralized finance services on Cardano without going through centralized custodians or third-party bridges.

Developed by Input Output (IOHK), Cardinal wraps Bitcoin’s unspent transaction outputs (UTXOs) into pegged tokens that users can stake, lend, or borrow while retaining full control over their assets.

The protocol employs the MuSig2 multi-signature scheme to handle peg-in and peg-out processes securely, ensuring the original Bitcoin remains locked on its native blockchain.

Because of this trust-minimized design, Cardinal is seen as a major innovation compared to traditional wrapped Bitcoin solutions that depend heavily on custodial infrastructure.

Wrapped UTXOs and cross-chain compatibility

What sets Cardinal apart is its ability to handle Wrapped UTXOs in a manner that remains transparent and secure while offering flexibility in how users reclaim their native Bitcoin or Ordinals.

These wrapped tokens are not only pegged 1:1 with BTC, but they can also be burned at any time by users to retrieve their original assets through a verifiable process.

Cardinal also uses BitVMX, an off-chain execution system, to bridge Bitcoin’s scripting limitations and enable interactions with Cardano’s smart contracts.

Furthermore, this approach facilitates compatibility with other blockchains such as Ethereum, Solana, and Avalanche, expanding the reach of Bitcoin within multi-chain DeFi environments.

Cardano DeFi platforms are already adopting Cardinal

Major Cardano-based DeFi platforms including MinswapDEX, SundaeSwap, and Fluid Tokens have already integrated Cardinal, giving users the ability to farm, lend, and trade Bitcoin-linked assets directly.

With this integration, Bitcoin can now be used as collateral, traded for other native tokens, or even employed in NFT and Ordinal markets without compromising security or history.

Technical director Romain Pellerin emphasized that while Cardinal is already transformative, future upgrades will focus on wallet integration, zero-knowledge proofs, and increased liquidity.

These enhancements are expected to deepen the protocol’s appeal and strengthen Cardano’s position in the broader DeFi landscape.

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• Bitcoin Pepe aims to combine the security of the Bitcoin network with Solana-like scalability.
• So far, the crypto project’s presale has attracted more than $14 million in funding.
• The project is expected to make a listing announcement on June 17.

Bitcoin surged to its highest level this month on Monday, breaking above $110,000 and reversing last week’s losses to trade just 2% below its May all-time high.

As of Tuesday, the world’s largest cryptocurrency had climbed 3.4% over the previous 24 hours, turning a steady advance into a sharp rally. Ethereum also saw strong gains, rising 7% to trade above $2,620.

Notably, the rally unfolded even as US equities remained muted, with the S&P 500 and Nasdaq both trading flat.

Bitcoin is showing signs of a major rebound as global efforts to establish clearer regulatory frameworks for digital assets gain momentum.

In this improving regulatory climate, retail investors are increasingly pivoting toward high-upside tokens such as Bitcoin Pepe, which is now in the final stretch of its presale.

Speculative capital continues to flow into early-stage crypto projects, with traders seeking momentum-driven plays that offer the potential for outsized returns.

South Korean lawmaker introduces new crypto bill

A South Korean lawmaker introduced a new bill on Tuesday aimed at strengthening the country’s regulatory framework for digital assets, including the establishment of a licensing regime for stablecoin issuers.

Min Byeong-deok, a member of the ruling Democratic Party, announced the legislation, titled the Digital Asset Basic Act, at a press conference, positioning it as a foundational measure to help South Korea lead in the global digital economy.

The bill builds on the Virtual Asset Investor Protection Act, which came into force in July 2024 and primarily focused on safeguarding investors.

The new proposal shifts focus toward creating a structured ecosystem by setting out clearer operational guidelines for participants in the crypto market.

One of the central features of the legislation is a mandatory licensing framework for stablecoin issuers.

Under the proposal, issuers would need to maintain a minimum of 500 million Korean won (approximately $367,890) in owners’ capital to qualify for a license.

This initiative is in line with President Lee Jae-myung’s campaign pledge to promote a won-denominated stablecoin market as a way to stem capital outflows linked to foreign currency-pegged stablecoins.

Bitcoin Pepe’s presale shows no signs of slowing

As the regulatory climate around digital assets improves, it could bring much-needed visibility and legitimacy to the broader meme coin market, shifting perceptions of such tokens from instruments of pure speculation to structured, investment-grade assets operating under regulatory oversight.

This credibility boost stands to directly benefit technically focused projects like Bitcoin Pepe, which aim to separate themselves from the hype-driven pack.

Positioned as the first meme-centric Layer 2 built on Bitcoin, Bitcoin Pepe combines the security of the Bitcoin network with the scalability of Solana-style architecture.

Its goal to “build Solana on Bitcoin” underscores an ambitious technical roadmap that goes beyond the typical meme coin narrative.

By fusing cultural relevance with infrastructure-level innovation, the project is carving out a distinct position in an increasingly saturated sector.

So far, the presale has attracted more than $14 million in funding, with the BPEP token currently priced at 0.0396.

To strengthen its Layer 2 ecosystem, Bitcoin Pepe has also secured several strategic partnerships with various projects, including Super Meme, GemuPlay, GETE Network, Catamoto, and Plena Finance.

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