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The price action of Dogecoin in the past 48 hours have seen it finally break below the $0.2 mark after a whole week of bullish investors trying to hold above the $0.22 support level. However, this break below the $0.22 support has cascaded into a string of selloffs that eventually pushed Dogecoin below $0.2. The mood was further complicated by a recent on-chain development of a massive inflow of Dogecoin into crypto exchange Coinbase that has raised eyebrows across the crypto community. 312 Million Dogecoin Moved Into Crypto Exchange Coinbase According to data from blockchain monitoring platform Whale Alert, three large Dogecoin transactions were recorded in rapid succession, each involving 104,125,016 DOGE valued at approximately $20.09 million. These transfers were sent from three different wallets to the Coinbase exchange, bringing the total moved to 312,375,048 DOGE, worth over $60 million at the time of the transaction. 104,125,016 #DOGE (20,090,304 USD) transferred from unknown wallet to #Coinbasehttps://t.co/ZHkkBkN9Bm — Whale Alert (@whale_alert) May 31, 2025 104,125,016 #DOGE (20,090,304 USD) transferred from unknown wallet to #Coinbasehttps://t.co/4x6lIhHDSk — Whale Alert (@whale_alert) May 31, 2025 104,125,016 #DOGE (20,090,304 USD) transferred from unknown wallet to #Coinbasehttps://t.co/6G8vEk2Hnj — Whale Alert (@whale_alert) May 31, 2025 Although the wallets are technically separate, their identical balances, timing, and synchronized movement strongly suggest they are controlled by a single entity. On-chain history reveals that these wallets started receiving Dogecoin in October 2021, five months after the cryptocurrency reached its all-time high of $0.7316 in May 2021. Fresh inflows were added again in 2022, but since then, there had been little to no incoming activity. Furthermore, these addresses haven’t had any outgoing activity since their creation, until now. This makes the recent transfers not only unusual but significant, as it marks the first time these tokens are being moved out and directly to an exchange. Brace For Impact? What This Means For DOGE Price The immediate concern for investors is whether these transfers is the precursor to an impending selloff. Sending over 312 million DOGE to Coinbase could be interpreted as a move to liquidate, especially if the whale behind these wallets intends to take profits after holding the asset dormant for nearly two years. Such a sale will introduce substantial selling pressure to Dogecoin, which is already currently struggling to get market demand to absorb selling pressure. On the other hand, not all large transfers to exchanges indicate bearish intent. There is a realistic possibility that the wallets are not externally owned but rather belong to Coinbase itself. In that case, the transfers may simply represent internal restructuring or cold-to-hot wallet reallocation, which poses no threat to price action. At present, there is no conclusive evidence confirming either scenario, and the uncertainty is enough to keep retail Dogecoin traders on alert. Interestingly, Dogecoin’s price might already be showing strong volatility in response to the movement. At the time of writing, Dogecoin was trading at $0.188, down by 0.35% and 14% in the past 24 hours and seven days, respectively. Featured image from Unsplash, chart from TradingView

Japan is looking to bolster its economic ties with the United States by establishing a partnership around critical minerals such as rare earths, local media reported. According to The Yomiuri Shimbun, it is believed that Japanese Prime Minister Shigeru Ishiba presented this proposal in a phone call with US President Donald Trump on Thursday as part of the negotiation process to bring down the US trade deficit with Japan. Amongst the topics discussed, the newspaper reported, were greater cooperation in economic security, including collaborations in rare earths. Rare earth minerals have taken centre stage in America’s trade tussle with China, which weaponized its strong position in the supply chain by restricting exports to the US. Infographic: Rare earth spheres of control For decades, China has controlled the global rare earths supply and now accounts for over 60% of the world’s mine production and almost all of the processing. The US relies on imports of rare earths – a group of 17 elements used in a wide range of high-tech applications – and has them on its list of critical minerals. Between 2019 and 2022, about 72% of the US rare earth imports came from China, according to the US Geological Survey. Japan also accounted for 6% of the imports, though its rare earth metals were derived from mineral concentrates produced in China. The Yomiuri Shimbun, citing its sources, said the Japanese government is considering providing technical support for the processing and refining of these minerals. Another idea that has been floated is to process the minerals in a third country that has the expertise but at lower costs. Also part of Ishiba’s proposed cooperative measures are semiconductors and shipbuilding, the newspaper said, with sources indicating that they too could be powerful bargaining chips in negotiations. Japan currently has more semiconductor manufacturing plants than any other nation. Meanwhile the US, which has the second most, has been looking to redomicile some of the production so its exports will grow. In shipbuilding, China also holds a dominant position in the global market with a 70% share. To mitigate Beijing’s influence, Tokyo’s proposal would involve the joint construction of next-generation ships, The Yomiuri Shimbun said.

Bitcoin advocate Max Keiser has questioned whether new Bitcoin treasury companies will show the same commitment as Strategy co‐founder Michael Saylor. According to Keiser’s May 30 X post, Saylor kept buying Bitcoin through past market drops without selling, even when his holdings were underwater. He pointed out that Strategy’s imitators have yet to face a real bear market. Based on this, Keiser warned it might be unrealistic to assume these newer firms will stay steady if prices slide. Max Keiser Raises Doubts In a May 30 X post, Keiser wrote, “The Strategy clones have not been tested in a bear market. Saylor never sold and just kept buying, even when his BTC position was underwater. It is foolish to think the new Bitcoin Treasury Strategy clones will have the same discipline.” The @Strategy clones have not been tested in a bear market.@saylor never sold, and just kept buying, even when his BTC position was under water. It’s foolish to think the new Bitcoin Treasury @Strategy clones will have the same discipline. — Max Keiser (@maxkeiser) May 31, 2025 He had already compared Strategy to “the Bitcoin of BTC treasury plays,” implying that other firms will struggle to match that level of conviction. Short trades and quick flips have driven some copycats so far. Long holds in a downtrend? That’s a different story. Corporate Bitcoin Holdings Soar Companies are jumping on the Bitcoin treasury train at a rapid pace. Based on reports, dozens of businesses announced plans to follow Strategy’s lead in the first half of 2025. Some analysts now believe 50% or more of all crypto could soon sit on corporate balance sheets. Strive, the asset management firm led by former political candidate Vivek Ramaswamy, joined on May 7. Trump Media and Technology Group confirmed a $2.5 billion capital raise to buy Bitcoin on May 27. Each fresh announcement drives more copycats, which adds to both hype and risk in the space. Premium Prices Alarm Analysts Strategy’s stock rose to an all‐time high of $543 on November 21, and that jump inspired rival firms to list their own Bitcoin plans. Metaplanet, for example, trades at a Bitcoin premium of $600,000. That means investors are paying nearly six times more for exposure than if they bought Bitcoin directly. Based on reports, analysts argue such high premiums can’t last forever. If Bitcoin dips or demand for stock‐based exposure weakens, those markups could evaporate. Paying $600,000 extra per Bitcoin position today might look very different if prices fall tomorrow. Featured image from Unsplash, chart from TradingView

Toncoin (TON), the native token of The Open Network (TON), has climbed over 5% in the past 24 hours, signaling renewed market demand. This rebound comes on the heels of a broader market downturn that saw TON decline alongside other major cryptocurrencies late last week. Amidst these small-scale movements, crypto analyst Ali Martinez notes the altcoin appears to be preparing for a major price breakout. Toncoin Charts 40% Move As Triangle Hints At Breakout In an X post on May 31, Ali Martinez shares an insightful take on the TON market. Using the 4-hour trading chart, the expert analyst highlights that TON’s price movement over the past four months has created a symmetrical triangle pattern hinting at the strong potential of a major price breakout. The symmetrical triangle is a neutral chart pattern that reflects price compression due to the formation of higher lows and lower highs. Inherently, this chart pattern suggests neither the buyers or sellers are in affirmative control of the market, indicating there is much potential for a 40% price swing on either side. Currently, Toncoin trades around $3.16 following the recent price bounce. If market bulls force a breakout from the upper boundary around $3.28, the altcoin is expected to trade as high as $4.55-$4.65. Meanwhile, a breakdown at the lower boundary around $3.10 could result in a market price between $1.80-$1.90. Interestingly, TON’s relative strength index currently sits at 49.37 facing the upward direction which also suggests a neutral market while noting that bullish momentum is starting to build. A cross over 50 would provide bulls confirmation as TON makes its way to the overbought zone. TON Market Overview As earlier stated, TON continues to trade at $3.16 reflecting market gains of 5.12% and 4.62% in the past one and seven days, respectively. Telegram LLC which served as initial developers of TON and offers a deep integration with the cryptocurrency project has registered a series of positive developments contributing to these recent price leaps. Most notably, Telegram founder Pavel Durov announced the platform’s partnership with xAI which would grant users in-app access to Grok, the prominent generative AI model. As part of this one year partnership, Telegram is to receive $300 million in cash and equity investment as well as earn 50% of all xAI revenue generated via the messaging platform. With a market cap of $7.79 billion, Toncoin ranks as the ninth largest cryptocurrency in the world despite a year-on-year loss of 49.98%.

The Tron price has continued on its recovery path since reaching a bottom in mid-March, steadily climbing almost every week. Mirroring the improving crypto market sentiment, the price of TRX maintained a level of stability in its bullish momentum throughout the month of May as it slowly ascended to a local high above $0.28. However, the slow-and-steady growth of the cryptocurrency was met with a significant obstacle over the past week, reflecting what seems to be a return of bearish sentiment in the altcoin market. Here’s a look at the possible reason why the Tron price might be struggling at the moment. Tron Sellers Gain Traction: Spot CVD Data In a Quicktake post on the CryptoQuant platform, on-chain analyst Burak Kesmeci published data from his analysis, pegging Tron’s dip in value to as high as 5.48% in 48 hours. Kesmeci’s analysis revolved around the Spot Taker CVD (Cumulative Volume Delta, 90-Day) metric, which tracks by volume the net difference between market buys (Taker Buy) and market sells (Taker Sell) over a period of 90 days. According to the crypto pundit, a positive and rising value of the CVD metric indicates a higher Taker Buy volume and the dominance of buyers in the market. On the flip side, a negative or dropping value of the on-chain indicator reflects a higher Taker Sell volume and suggests that sellers are overwhelming the market. Data from Kesmeci’s publication shows how the market devolved from being dominated by the buyers to being bearish. The chart below shows a transition from green bars (Taker Buy Dominant) to red bars (Taker Sell Dominant). The shift from buys to sells became evident from around May 22nd and has since intensified, leading to a steady decline in the price of Tron. However, the Cumulative Volume Delta (marked in gray) has shown neutral on-chain action over the last few days. Caution In The Market Warranted Kesmeci, in his conclusion, stated that if this negative CVD trend were to continue, it could signal further correction in Tron’s price. The relatively neutral state of current on-chain activity, though, suggests that investors’ uncertainty about the future trajectory of the cryptocurrency. However, investors should still pay rapt attention as a further increase in sell pressure could heighten volatility and, consequently, lead to liquidations. As of press time, Tron trades at $0.2656, reflecting a price rise of approximately 1% in 24 hours. According to CoinGecko data, the TRX token is down by more than 1% in the past seven days.

Bitcoin’s price action has drawn a sharp dividing line between long-term bullish expectations and short-term reality. After peaking above $111,000 in May, the Bitcoin price has entered a retracement phase and is now trading below $105,000. While some interpret the current downturn as a sign of a weakening trend, others see it as a textbook bullish correction. Among them is crypto analyst MasterAnanda, whose latest chart suggests that Bitcoin is structurally strong enough to reach new highs, but it might fall short of the speculated $200,000 price target this cycle. MasterAnanda Predicts Higher Low And $137,000 Target In his TradingView post, MasterAnanda stated clearly that Bitcoin is still in a bullish structure, but he believes a $200,000 peak is out of reach for this cycle. Instead, he identified $137,000 as the more realistic upside target when Bitcoin finally rebounds from the ongoing correction. According to the analyst, the formation of a higher low on the larger time frame will be an important confirmation that Bitcoin’s macro uptrend remains intact. He outlined $88,888.88 as an ideal retracement level to make this perfect higher low, because it aligns with the 0.618 Fibonacci level and comes in well above the prior bottom at $74,500 on April 7. Despite the current sell-off, MasterAnanda argues that the broader trend is healthy. “Bitcoin will never ever trade below $80,000 in its history again,” he declared, ruling out any deep reversal below the prior low. On the other hand, the analyst also noted that if Bitcoin holds above $100,000 to $102,000, this retracement would be considered minor, with price action still classified as bullish continuation rather than a breakdown. If Bitcoin bulls manage to keep prices trading above that area, it would suggest the current move is nothing more than a short-term dip. When that moment arrives, the bias will shift from short to long, and a rally to $137,000. However, a clean break below the $100,000 price level would mark a significant shift in how long Bitcoin reaches new highs. Chart From TradingView: MasterAnanda RLinda Echoes $101,000 Support For Bitcoin Adding to the analysis, another trader, RLinda, shared a 4-hour chart perspective showing how Bitcoin is currently in a fragile recovery path. She agrees that Bitcoin is still operating within a bullish context, but flagged the $102,000 and $101,400 zones as vital structural supports. Her chart suggests that the false breakout at the key $110,000 resistance level is the end of the recent rally leg, and the current decline could be a liquidity-driven correction rather than a complete reversal of the bullish trend. Furthermore, RLinda’s analysis shows that Bitcoin has exited its upward channel. The outcome, she said, will depend heavily on whether support levels at $102,000 and $101,400 can hold. A bounce from these levels could lead to a retest of the $106,000 to $108,000 resistance zone, where market direction may become clearer. If bulls fail to hold $101,000, it could invite a more dramatic sell-off that pushes the Bitcoin price toward a local bottom or even deeper. Chart Image From TradingView: RLinda Together, both analysts agree on one thing: Bitcoin’s current correction is not yet a full collapse. At the time of writing, Bitcoin is trading at $104,290, up by 0.5% in the past 24 hours. Featured image from Unsplash, chart from TradingView

Over the weekend, Bitcoin’s price extended its disappointing performance, falling to around $103,000 in the early hours of Saturday, May 31st. While the premier cryptocurrency seems to have recovered fine in the past day, its price is still more than 6% away from the recently achieved all-time high of $111,814. Interestingly, the latest on-chain data suggests that the Bitcoin price could resume its upward trajectory anytime from now. Mass Long Liquidations Could Mean Sustained Upward Trend For BTC In a Quicktake post on the CryptoQuant platform, on-chain analyst Burak Kesmeci shared that the Bitcoin market witnessed its third-largest long liquidation in the month of May. Data from CryptoQuant shows that $202 million in BTC long positions were liquidated on the Binance derivatives exchange on Friday, May 30th. As highlighted by Kesmeci, leveraged trading and speculative pressure ramped up on the world’s largest crypto exchange as the price of Bitcoin rallied from around $94,000 to a new record high above $111,000. These long liquidations typically occur when derivatives traders are forced to close their positions as prices move sharply against them, leading to automatic sell-offs that can further trigger volatility in both directions. The latest event — involving $202 million worth of BTC long positions — is the third-largest in the past month, trailing only two larger liquidations in May: $211 million on May 12 and $277 million on May 23. This series of high-value liquidations reflects the increased speculative activity in the Bitcoin market over the past few weeks. While the investors who suffered this liquidation may feel hard done by the market, these mass liquidations could be positive for the flagship cryptocurrency — a healthy reset for what is starting to feel like an overheated market. By removing excessive leverage, the Bitcoin market can reestablish a more stable foundation for price discovery and a continued upward trend. Bitcoin Funding Rates Still Very Low: Analyst According to another on-chain analyst with the pseudonym Darkfost, the Bitcoin funding rates are still at extremely low levels. This trend signals the unwillingness and hesitation of traders to open new long positions, read the post on X. Darkfost added: Typically, when Bitcoin breaks above its previous all-time high, we tend to see a surge in funding rates, signaling that euphoria and risk appetite are back. But that’s not what we’re seeing right now, investors need more clarity before jumping in with conviction. The on-chain analyst stated that this cautious stance of investors could be positive for the Bitcoin price and the upward trend. Moreover, the lack of euphoria reflects a market that is yet to be overheated, with room for further upside growth. As of this writing, the price of BTC stands at around $ 104,897, reflecting a mere 0.2% increase in the past 24 hours. Related Reading: Bitcoin Sharpe Ratio Says It’s Time For ‘Cautious Optimism’ — Further Upside Growth Incoming?

Solana (SOL) has remained under the radar in recent weeks, with market attention primarily centered on Bitcoin and Ethereum. While the broader crypto market digests recent volatility, SOL has been quietly consolidating just below key resistance. This silence, however, might not last much longer. Top analysts are starting to turn their focus back to Solana, suggesting that a powerful move could be brewing. According to analyst Bluntz, the recent price action in SOL is showing promising signs. He notes that after sweeping the lows, Solana is now working on a reclaim of support — a classic bottoming pattern that often precedes a strong rebound. Although it’s still early days, this reaction could lay the foundation for a sharp rally if SOL manages to break back above the $160–$165 range. The sentiment echoes a broader belief among market watchers that Solana could become a major leader in the next leg of the altseason, especially if Ethereum breaks out from its current resistance. As bullish structure builds and technical indicators begin to align, the setup for SOL appears to be quietly strengthening, making it a key altcoin to watch in the coming weeks. Solana Setup For Breakout Remains Strong Solana (SOL) has been on a consolidation path over the past few weeks, struggling to reclaim the $180 resistance level. After peaking in early May, SOL has retraced steadily, now trading around the $150 range as it searches for renewed demand. This retracement aligns with a broader market pullback, as global tensions — especially surrounding US–China tariffs and rising interest rates — inject volatility and caution into financial markets. Despite the current slowdown, analysts remain optimistic about Solana’s medium-term outlook. Top trader Bluntz recently shared that SOL’s reaction after taking the lows is promising. According to him, the altcoin is now working on a reclaim of support, which could be the precursor to an aggressive rally. The key lies in whether Solana can push back above the $180 zone — an area of heavy supply that has repeatedly rejected bullish momentum. If SOL does manage to flip this level into support, the price structure suggests there’s ample room for a sharp breakout. The setup aligns well with rising calls for an altseason, particularly if Bitcoin dominance continues to roll over and Ethereum confirms a breakout above its multi-month resistance. In this scenario, Solana could emerge as one of the leading assets in the next crypto leg up, given its strong developer ecosystem, scalability, and growing DeFi sector. While current price action remains neutral to slightly bearish, a reclaim of $180 would likely flip sentiment quickly and attract fresh capital. As market focus shifts from major caps like BTC and ETH, SOL could be poised to capture the spotlight — and potentially lead the next altcoin rally. SOL Tests Key Support As Price Action Stalls Below $160 Solana (SOL) is currently trading at $154.47 after losing the $160 support, facing continued pressure following its rejection from the $180 resistance level earlier in May. The chart shows that SOL is now hovering just below the 34-day EMA and the 50-day SMA, indicating a breakdown in short-term bullish momentum. Volume has also decreased, signaling hesitation from both buyers and sellers amid broader market uncertainty. The 200-day moving average at $179.73 remains the major resistance level to reclaim in order to resume a bullish structure. Meanwhile, the zone between $150 and $156 is now acting as a critical demand area. A sustained close below $150 could open the door for deeper corrections, possibly toward the $140-$130 range, which aligns with previous consolidation levels in April. Despite the current weakness, the longer-term trend remains neutral-to-bullish as long as Solana holds above the 100-day SMA around $144.58. If SOL can consolidate and reclaim the $160–$165 region, it could trigger renewed upside momentum and challenge the $180 level once again. Analysts remain cautiously optimistic, with some expecting a rebound if market conditions stabilize and altseason momentum picks up in the coming weeks. Featured image from Dall-E, chart from TradingView

Ethereum is holding strong above the $2,500 level, showing resilience as the broader crypto market undergoes a healthy pullback. Despite recent volatility, ETH continues to trade within a bullish structure, fueling optimism that it could lead the next leg of the market’s rally. Analysts are closely watching Ethereum’s price action, calling for a potential breakout that might set the tone for an anticipated altseason. Top analyst Ted Pillows shared key insights, noting that Ethereum is down just 10% from its local highs, yet up nearly 50% this month alone. This strong monthly performance is a clear indication that Ethereum remains in an uptrend, even as short-term corrections occur. According to Pillows, this kind of price behavior—holding steady while the market resets—often precedes aggressive moves, particularly if Ethereum can reclaim higher resistance levels in the coming days. With Bitcoin consolidating below its all-time highs and market participants eyeing renewed capital rotation into altcoins, Ethereum is well-positioned to act as a catalyst. A decisive move above $2,700 could validate the bullish outlook and trigger broader momentum across the altcoin market. For now, Ethereum’s relative strength continues to stand out amid market uncertainty. Ethereum Uptrend Holds Firm Despite Global Tensions Ethereum is facing a pivotal test as it continues to trade within a tight range since May 10th, hovering between key support and resistance zones. While macroeconomic uncertainty weighs heavily on traditional markets—driven by rising US Treasury yields and geopolitical tensions—Ethereum has shown impressive resilience. Bulls remain confident that ETH has room to push higher, supported by strong fundamentals and improving investor sentiment. Pillows highlights that despite a recent 10% pullback from local highs, Ethereum is still up nearly 50% this month. This sharp monthly gain clearly indicates that ETH remains in a strong uptrend, even as volatility tests short-term conviction. The fact that ETH has maintained higher lows throughout this range-bound structure reinforces the idea of accumulation, not distribution. Beyond price action, on-chain and institutional signals point toward sustained demand. ETF inflows for Ethereum have begun to pick up, albeit at a slower pace than Bitcoin’s. However, due to Ethereum’s smaller market cap, these flows have a more pronounced impact. Additionally, multiple firms are reportedly raising over $1 billion to acquire ETH, signaling long-term confidence in the asset’s role in the evolving digital economy. Pillows sees the stage set for Ethereum’s next major leg up. If the $2,700–$2,850 resistance zone is broken with conviction, it could trigger a strong rally that positions ETH as a leader in a potential altseason. For now, Ethereum’s steady hand in turbulent times is a bullish signal in itself. Ethereum Weekly Chart Holds Firm Ethereum is showing resilience on the weekly chart, trading at $2,509 after reaching a high of $2,789 earlier in the week. While the price has pulled back slightly, it remains firmly above the 200-week SMA ($2,452) and the 34-week EMA ($2,498), which is a strong sign of underlying bullish structure. This area is now acting as solid support after ETH’s 50% rally off the April lows. What’s technically notable is that ETH is challenging the underside of the 100-week and 50-week SMAs, both of which have previously acted as resistance throughout this cycle. A close above $2,725 would mark a significant shift in trend, confirming bullish continuation and opening the door for a test of the $3,000–$3,200 zone. Volume has slightly decreased from the breakout candle three weeks ago, suggesting consolidation rather than weakness. Bulls want to see ETH reclaim the $2,725 level with conviction to spark momentum. Until then, the current structure favors a slow grind higher unless macro volatility accelerates. Featured image from Dall-E, chart from TradingView

Meme coins are back in full force, and you need to act now if you don’t want to miss out. As of May 30, 2025, the meme coin market capitalization is $68.4 billion, and we are preparing to surpass $100 billion this cycle. New projects are raising millions in days, OG’s coins are waking up, and presales are filling up fast. So, what’s to ape before everybody else on crypto Twitter goes in? We’ve got five of the best projects that you can invest in. From OG’s to the newest and hottest presales on the market. Dogecoin (DOGE) – The Father of All Meme Coins Well, what did you expect? DOGE is the blueprint of meme coins. Many made generational wealth with this one early on. Nevertheless, this doesn’t mean you cannot make mind blowing gains again. Right now, it is trading around $0.193, but it feels like it is preparing to attack the old ATH at $0.73 from 2021. JUST IN: $DOGE whale activity has increased by 700% in the last 48 hours. MASSIVE PUMP INCOMING?! pic.twitter.com/1xC7kSbth3 — CEO (@Investments_CEO) May 20, 2025 DISCOVER: Best Meme Coin ICOs to Invest in May 2025 And you all know about Elon, who managed to create the Department of Government Efficiency (DOGE). For some reason, to be supported by the richest person on earth is a big deal. Once meme season kicks in hard, DOGE will break through every barrier for sure and will lead the parade. Shiba Inu (SHIB) – The People’s Meme Coins Also started as a joke and a meme, but a strong community, crazy dev activity, and DeFi features turned it into a whole ecosystem. After the big run in 2021, it cooled off for a while, consolidating and preparing to lift off. Currently trading at $0.00001282 and market capitalization of $7.4 billion definitely has the potential to get close to DOGE. $SHIB is still looking bullish here! SEND IT pic.twitter.com/QVWUwLyPL1 — Shib Spain (@ShibSpain) May 31, 2025 DISCOVER: Top Solana Meme Coins to Buy in May 2025 Prepare and get comfy because when SHIB starts to run, you are just going to watch and eat popcorn. You can hear more about SHIB here. MIND of Pepe (MIND) – AI x Meme Meta Ruling the Crypto Space When you combine two of the most successful narratives in crypto, you can get nothing but success. MIND is combining artificial intelligence with meme culture. Inspired by Pepe the Frog, this project is building an AI agent that learns and evolves. Ultimately, it will create tokens, and holders will have the information before everybody else. With shy of $12 million raised and under 2 days left on the horizon, this is the second-best place to enter. Amazing 202% APY is offered, which can boost the earnings of the holders. SOLAXY (SOLX) – Solana’s First Layer 2 Being early in a first mover is always a recipe for success. It is the first Layer 2 project on Solana, combining meme coin energy with actual crypto utility. This combination can send every chart into the stratosphere. Who doesn’t want to see a green dildo early morning ON THE CHARTS…. on the charts guys. They have raised more than $42 million so far, and the final countdown is ticking. 15 days left until the presale is over. The power of $SOLX is increasing! 42M Raised! pic.twitter.com/oolGVbPHvH — SOLAXY (@SOLAXYTOKEN) May 29, 2025 SOLX is aiming to solve Solana’s pains. In times of high traffic, Solana experiences congestion, failed transactions, and even downtime. SOLX is fixing all this through different approaches. One of those approaches is taking finalization off-chain, which will ease the work of the chain. Furthermore, they have a staking incentive with 94% APY All this looks very appealing to every degen trader out there. Get locked and loaded and wait for the release. BTCBULL – Stake Memes, Earn Bitcoin Last but not least is this gem in the crown. Stake BTCBULL and earn Bitcoin. Something that has never happened so far with any project. So far, they have raised over $6.6 million, and right now you can join for $0.00254 per coin before the next step is over. First it was disbelief. Now it's just distance. pic.twitter.com/sL9cp9eWvy — BTCBULL_TOKEN (@BTCBULL_TOKEN) May 28, 2025 They’ve built a system where BTCBULL tokens are burned or airdropped when BTC hits price milestones – $150k, $175k, $200k, up to $250k. Be sure to enter before this train is gone. One of the easiest ways to earn Bitcoin currently. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Meme coin season heating up. What are the best OG meme coins on the market? Best crypto to buy and hottest presales currently. The post Top 5 Meme Coins You Do Not Want to Miss in June appeared first on 99Bitcoins.

Over the past week, the Tron (TRX) market recorded a choppy price action, eventually resulting in a 2.10% price decline. Amidst the crypto market euphoria seen in the past two months, TRX has maintained a steady price growth reporting percentage increase of 17.39% since the beginning of April. Interestingly, prominent crypto analyst Burak Kesmeci has shared an intriguing market insight that indicates TRX is likely to remain on the uptrend for the foreseeable future. TRX Futures Market Signals Good Accumulation Opportunity In an X post on May 30, Burak Kesmeci postulated that TRX remains in a prime position for further price gains based on developments in futures retail activity. Using data from CryptoQuant, the analyst explains that TRX previously reached a market of $0.45 in December 2024 which aligned with a period of peak retail speculation as indicated by the cluster of red dots on the chart. During this period, many traders likely leveraged long, trading the rally in anticipation of a sustained price uptrend. However, TRX prices soon crashed to $0.21 during a broader market correction that lasted for the majority of the first trimester of 2025. This period is marked by a sparse amount of gray dots suggesting a neutral retail participation in the futures market. Amidst resumed crypto bull market rebound, TRX prices have risen to around $0.27. However, retail activity has remained neutral with no significant uptick in speculation or emergence of a “mad crowd” as seen in December 2024. According to Burak Kesmeci, these findings indicate there is significant potential for an upswing in the TRX market as retail futures activity is far from overheated. However, there is a need for macroeconomic and geopolitical tensions to subside before these projected gains can occur. Recently, the crypto market produced a negative reaction to reports of the US and China failing to find a common ground in an ongoing trade talk amidst a 90-day truce before both countries. TRX Price Prediction At the time of writing, TRX trades at $0.26 reflecting a 2.87% decline in the past day. Meanwhile, the token’s daily trading volume is valued at $806.98 million. According to data from CoinCodex, TRX investors are strongly bullish despite recent losses as evidenced by the Fear & Greed Index of 60. Coincodex analysts project TRX to soon rediscover its bullish form with forecasted price targets of $0.32 and $0.29 in the next five and thirty days respectively. In addition, they paint a positive long-term outlook with a price target of $0.51 in six months.

Although the past 24 hours have been characterized by heavy selloffs, Bitcoin is still currently holding above the $100,000 level, trading around $103,700 as of the time of writing. Notably, signs of exhaustion are also beginning to surface for Bitcoin, especially in the past 48 hours. While long-term indicators suggest a bullish continuation for the Bitcoin price, short-term models indicate a breakdown of bullish strength, particularly as the cryptocurrency approaches the critical $100,000 support zone. This sentiment is relayed by popular crypto analyst Willy Woo, who shared the good and bad news based on Bitcoin’s current technicals. Good News: A Bullish Long-Term Signal Still Intact According to Woo, one of the strongest long-term signals, the Bitcoin Risk Signal, is currently trending downwards. This drop indicates that buy-side liquidity is currently dominant in the long-term environment, setting the stage for another strong leg upward. The lower the risk reading, the safer it is to hold or accumulate Bitcoin, and this signal’s current decline shows a relatively low-risk environment for long-term investors. Woo noted that this long-term setup is intact, and with Bitcoin trading well above the psychological six-figure mark, the momentum is still in favor of the bulls in the long term. At the time of writing, the local risk model, as shown in the chart below, is currently in the mid-range, having declined from peak levels in early 2025, and is expected to continue trending downwards. In another analysis, Willy Woo noted the next significant move could push it above $114,000 and trigger liquidations of short positions. Bad News For Bitcoin Price Although the long-term picture is still favorable, the short-term models, including the Speculation and SOPR (Spent Output Profit Ratio) metrics, are flashing caution. Using this indicator, Woo noted that the strength of the rally from $75,000 to $112,000 has started to weaken, especially with flat capital inflow in the past three days. Keeping this in mind, Bitcoin’s price action this week is critical. “If we do not get follow through, then we will be up for another consolidation period,” the analyst said. If spot buying fails to pick up strongly in the coming week, which is the first week of June, especially with U.S. markets reopening after a long weekend, there will be a chance for a bearish pivot. The good and bad news can be summed up as follows: if buying pressure opens up quickly, Bitcoin could break above $114,000 and head toward the next major liquidity zone between $118,000 and $120,000. Failure to push higher could confirm bearish divergences and set the stage for another round of consolidation. At the time of writing, Bitcoin is trading at 103,700, down by 1.5% and 3.9% in the past 24 hours and seven days, respectively. Featured image from Unsplash, chart from TradingView

Popular crypto analyst with X username CasiTrades has shared an interesting technical analysis on the XRP market that postulates a potential short-term price gain. Notably, XRP prices have dipped by over 7% in the past week amidst a general crypto price correction. However, CasiTrades predicts there may be a window for quick price relief provided a specific support level remains valid. Scalp Setup Tips XRP For $2.25 Price Target In an X post on May 30, CasiTrades outlines a XRP trade set up that presents a potentially lucrative short-term trading opportunity. Notably, the analyst explains that XRP decline to its 0.118 Fibonacci retracement level at $2.196 has pushed into a familiar price region for short-term scalp trades. Based on CasiTrades’ analysis, the perfect entry zone for many investors lied at $2.20, with a price target of $2.253 at the 0.236 Fibonacci retracement level acting as the take-profit zone. The analyst explains that this is scalp setup that operates on the high chance of securing quick price relief. Therefore, a price surge to $2.253 is not indicative of impending price reversal. However, in the presence of strong bullish momentum, XRP is well-poised to move beyond $2.253 with potential targets set at $2.333, $2.395 and $2.456. Notably, CasiTrades has identified the stop-loss for this trade set-up at $2.13. The analyst explains that market bulls must prevent a decisive price fall below this level as it would neutralize the validity of the entire scalp trade setup. In such a negative scenario, the altcoin is likely to experience further price decline with the next major support set around $1.77. XRP Price Overview At press time, XRP trades at $2.14 following a significant 4.86% decline in the past one day and 3.01% in the past thirty days. Meanwhile, the asset’s daily trading volume has increased by 57.32% suggesting a surge in selling pressure in relation to the ongoing price crash. Based on its daily trading chart, XRP lies below its 200-day moving average indicating there is strong potential for the altcoin to maintain a downward trajectory and invalidate CasiTrades’ scalp relief projection. Meanwhile, the token’s Relative Strength Index currently stands at 36.47 and is headed for the oversold region which could potentially trigger a price rebound to around $2.30. With a market cap of $125.04 billion, XRP continues to rank as the fourth-largest cryptocurrency. Interestingly, market analyst with X username Crypto V backs the altcoin’s bullish potential projecting a market cap of $790 billion before 2025 runs out. Featured image from Pexels, chart from Tradingview

US President Donald Trump’s brief post on Truth Social on May 29 sparked a quick burst of excitement among crypto traders. Based on reports, some users saw a hidden reference to the Pepe meme coin (PEPE). In the next few hours, PEPE shot up by 5% but then fell back by 15%. Traders are now watching to see if this social push can do what Elon Musk once did for Dogecoin. Pepe Price Moves According to market data, PEPE’s price hit its upper resistance after the Trump post. A short surge brought a 5% gain. Then profit-taking and wider market pressure drove an 18% correction. The flip in momentum shows how fast things can change in meme-coin land. A small tweet or post can send prices soaring, but it only takes a bit of selling to push them down again. Wait, what Trump just dropped a $PEPE pic on Truth Social Is this a secret crypto endorsement or just trolling the internet? Either way the $PEPE rocket might just have a new co-pilot. What’s next a $PEPE rally or a Twitter melt down Stay tuned pic.twitter.com/cu8RF7D55b — Josh Mair (@WizzOfCrypto) May 29, 2025 On Drama & Speculation Trump’s message saying he’s “on a mission from God” makes him sound like he has a special purpose, not just a political goal. The dark street scene and the words “nothing can stop what is coming” hint that something big is coming, even if he doesn’t explain it. This kind of talk can fire up his most loyal supporters – especially PEPE aficionados – because it feels dramatic and urgent. Chart Patterns In Focus Based on reports from chart watchers, PEPE appears to be forming a cup-and-handle pattern that began about five months ago. If the coin breaks above the handle, some say it could reach $0.000026—double its current level. Right now, the MACD line sits below the signal line after a recent death cross, hinting at a near-term downtrend. The RSI has dipped toward 52 and may cross below it soon, which could keep sellers in control. The 0.618 Fibonacci retracement level sits at $0.00001 and could act as a bounce point. If that level gives way, traders will look at $0.000008 as the next support. Tariff Ruling Adds Pressure Based on US Court of International Trade filings, the court reversed Trump’s tariff suspensions right around the same time that PEPE spiked. That move seems to have dampened the market’s risk-on mood. For many traders, broader trade news can be a bigger factor than any single tweet. If traders worry about tariffs and slower growth, they often sell off riskier assets like meme coins. That mix of social hype and market worry helped push PEPE down after its brief rally. Looking Ahead For Traders Based on this mix of social buzz and chart signals, it’ll take more than a hint in a post to keep PEPE climbing. If the coin can break above its current resistance by mid-June, $0.000026 seems to be the main target. But a falling MACD and RSI point toward more selling pressure first. Traders should watch the 0.618 level at $0.00001 for signs of a bounce. If that level breaks, they’ll likely aim for $0.000008 next. Featured image from Inverse, chart from TradingView

XRP is once again under the spotlight as its price action shows signs of weakening across multiple timeframes. After a brief period of relative stability, recent breakdowns on the daily and intraday charts suggest a shift in market momentum that traders can’t ignore. As bearish pressure mounts and critical support levels begin to falter, XRP’s next move has become a major topic – will it find its footing soon, or is a deeper correction on the horizon? The XRP Key Bullish Divergence In an X update, prominent crypto analyst Gowanus Monster highlighted a critical technical development for XRP. According to his analysis, the token has completed a bearish Descending Triangle formation across multiple timeframes, a classic pattern that often signals continuation to the downside. Based on the measured move from this structure, the projected target is around $1.90, suggesting a potentially significant retracement if bearish momentum continues to build. Zooming out to the weekly chart, the pattern is beginning to evolve into a well-defined structure, with clear upper and lower boundaries. Gowanus Monster noted that the current focus lies on identifying a higher low within this channel. He also pointed to a key principle: when a price rebound from the upper boundary of a descending channel fails to reach the lower boundary, instead bottoming out early, it often precedes a bullish breakout to the upside. This nuanced behavior, if confirmed, may set the stage for XRP to defy the current bearish structure and ignite a fresh rally beyond the confines of its channel. Bear Trap Scenario: When Oversold Meets Demand According to crypto analyst GemXBT, XRP remains firmly entrenched in a short-term downtrend, with price action currently trading below the 5, 10, and 20-period moving averages. This alignment of moving averages is a classic sign of sustained bearish momentum, suggesting that sellers continue to dominate the market in the near term. Presently, the Relative Strength Index (RSI) has dipped into the oversold zone, suggesting an imminent reversal or a period of consolidation as the market seeks equilibrium. Meanwhile, the MACD line remains below the signal line, indicating that downside pressure persists, and any potential recovery could face headwinds. From a price structure standpoint, GemXBT identified key support around $2.15, which could serve as a critical level for buyers to step in and defend. On the upside, resistance lies near $2.25, a zone that bulls would need to reclaim in order to shift short-term sentiment. The recent uptick in trading volume is worth noting, as it could introduce more volatility in the sessions ahead, either accelerating a breakdown if support fails or fueling a sharp recovery if sentiment flips.

A crypto analyst has forecasted a potential 1,000% rally for the Dogecoin price by the end of the year, suggesting that the leading meme coin could not only reach the coveted $1 milestone but blast past it to $2. While this target may seem bold, especially with Dogecoin still trading below $0.5, the analysis is backed by a compelling combination of historical price behavior, market structure, and accumulation patterns. Dogecoin Price Targets $2 By Year’s End According to a 2-day chart analysis published by crypto market expert ‘Setupsfx_‘ on TradingView, Dogecoin has been navigating a textbook accumulation phase reminiscent of previous cycles that preceded explosive price surges. Based on this distinct historical price behavior, the analyst is boldly predicting a major breakout, anticipating a 1,000% rally that could allow the meme coin to smash through $2 by the end of the year. Using the Wyckoff theory as a foundation, the TradingView expert presented a chart illustrating a clear structure of accumulation, distribution, markdown, and markup—- all of which have played out in past market movements. The chart shows that Dogecoin followed a typical Wyckoff accumulation in its early 2021 cycle, where it traded sideways and spent months consolidating in a defined range. This range, indicated by the blue box on the chart, has been highlighted as a key buy zone between roughly $0.12 and $0.16. Notably, this key zone is the final area where the Dogecoin price could be revisited before launching higher. A return to this range would complete the historical price structure and present an ideal entry point before the markup stage begins. Currently, Dogecoin has concluded its markdown phase and is approaching the final stages of accumulation, paving the way for a potential bullish breakout. If price action continues to respect this historically bullish roadmap, Setupsfx_ forecasts that Dogecoin could gradually move higher over the coming months. By late 2025, this could culminate in a full-blown rally to $2, a level that represents approximately 1,000% upside from current prices. While the TradingView analyst maintains a bullish stance on Dogecoin’s outlook, he has tempered expectations, cautioning that the journey to $2 isn’t expected to be linear. Dogecoin could still face volatility, retracement, and psychological resistance around levels like $0.25, $0.5, and $1, which could slow down its climb. A Push Above $3 Still In The Cards Crypto analyst Trader Tardigrade on X (formerly Twitter) is even more bullish on Dogecoin’s future price, projecting a potential rally to $3.8. This optimistic forecast is supported by the emergence of a bullish Ascending Broadening Wedge pattern on Dogecoin’s weekly chart. Six key touch points confirm the pattern, labeled A through F, within a widening channel indicated on the price chart. The critical level to watch is the $0.47 resistance level, marked by the previous high around point E. A confirmed breakout above this level could validate the wedge and potentially trigger a significant price surge. Based on the measured move from the wedge’s widest point, the analyst highlights a projected path to $3.8, representing a massive 2,011% surge from current prices around $0.18. Featured image from Unsplash, chart from TradingView

Bitcoin and the broader crypto market have failed to find relief despite favorable Core Personal Consumption Expenditures (PCE) data in the United States. According to data from CoinGecko, the total cryptocurrency market capitalization dipped by nearly 5% on Friday, May 30th. However, an industry expert has explained why the US macroeconomic landscape might not get better for the crypto and other risk asset markets over the next few months. This interesting projection suggests that the future looks a tad uncertain for the Bitcoin price and the rest of the cryptocurrency market. Why Fed Rate Cuts Are Not Coming Soon In a new post on the social media platform X, Jim Bianco explained why he expects the United States Federal Reserve not to cut the interest rate over the next three Federal Open Market Committee (FOMC) meetings. According to the investment research expert, the rationale behind the reduced likelihood of a rate cut is the rebounding US economy. Bianco mentioned that it would be reckless for the US Fed to cut interest rates with the economy recovering strongly and prices rising. The macroeconomics researcher said that slowed imports — due to increased trade tariffs — have been positive for the nation’s gross domestic product (GDP). Bianco further explained: Imports are “lost GDP.” It is a product manufactured outside the United States. Therefore, spiking imports, which cause a larger trade deficit, are a drag on GDP. It was the biggest reason the Q1 GDP was negative (revised yesterday from -0.3% to -0.2%). Liberation Day dramatically slowed imports, and the trade deficit reversed. This is boosting Q2 GDP. It is now estimated to be 3.8%, and could go higher as May was another slow import month. The financial market expert also highlighted the resulting tariff-driven inflation happening in the US and how it could drive the 2.3% year-on-year CPI higher. Ultimately, Bianco believes that the probability of a Fed rate cut is extremely low, as the opposite would be a reckless move. How Does This Impact The Bitcoin Market? Typically, lower interest rates mean that riskier assets, like crypto and stocks, are more attractive investment options, as the yields on traditional assets (like treasury bonds) diminish. As seen in the past years, the Bitcoin market tends to rally whenever the US Fed cuts interest rates. Moreover, Fed rate cuts often lead to a weaker US dollar, which could mean a higher value for assets priced against the United States currency. Hence, some investors use cryptocurrencies like Bitcoin to hedge against fiat currency debasement. Related Reading: Fresh Capital Keeps Pouring Into Bitcoin – Matching 2021 Bull Market Inflows In essence, rate cuts by the US Federal Reserve are generally bullish for Bitcoin and crypto, as they push investors to alternative markets for higher gains. However, it is important to consider the state of the economic environment before the rate cuts, as a positive macroeconomic landscape is often more favorable for the riskier assets. It is also worth mentioning that the absence of rate cuts over the next three months might not necessarily have the opposite bearish effect on the Bitcoin market.

The price of Bitcoin has dropped by nearly 4% over the last seven days, indicating the waning bullish momentum in the largest cryptocurrency market. This recent sluggishness has called into question the strength of the latest bull rally that saw the market leader climb to a new all-time high last week. According to an investment data platform, the price of BTC might not be done just yet with its bullish run, with the latest on-chain data suggesting room for further upside movement. Is BTC In An Overheated Market Condition Yet? Market analytics firm Alphractal took to the social media platform X to share an exciting on-chain insight into the current setup of the Bitcoin price. According to the blockchain company, the price of BTC sits in an interesting position that could profit only “attentive” investors. The relevant metric here is the Sharpe Ratio, which evaluates the risk-adjusted returns of a specific asset (Bitcoin, in this scenario). This indicator basically measures how much profit an investment offers per unit of risk (considering risk is measured by volatility). A rising Sharpe Ratio typically indicates a higher risk-adjusted performance. On the other hand, when this metric is in a downward trend, it implies that the coin is in a “lower-risk zone” and profits are becoming less significant. As observed in the chart above, the Bitcoin Sharpe Ratio (blue line) has not yet reached the upper trendline (red dashed line) — a crucial level that has served as a market peak indicator in the past. The indicator suggests that the flagship is currently in a zone of medium risk, implying that the market is less prone to uncontrolled movements. Alphractal noted: The upper trend line (red dashed line) has functioned as an excellent signal for moments of excessive euphoria in the Bitcoin market. The fact that we haven’t touched this region yet indicates there may be room for additional appreciation in the current cycle. While the Bitcoin Sharpe Ratio is still away from the region that signaled the past tops of the 2013, 2017, and 2021 cycles, investors might still want to apply some level of cautious optimism in their market approach. This is especially as the metric’s current values have historically coincided with both optimistic rallies and pessimistic corrections. Bitcoin Price At A Glance As of this writing, the price of BTC sits just above the $104,100 level, reflecting an over 1% decline in the past 24 hours. According to data from CoinGecko, the premier cryptocurrency is down by more than 3% in the last seven days.

The recent price action for XRP has shown little sign of strength as the crypto is now battling sustained bearish pressure. Since the start of the correction phase on May 12, XRP has posted consecutive lower highs on the daily timeframe, slipping further from its May peak of $2.65. This ongoing decline comes after a rally that started last month, which saw the XRP price rebound from $1.80 in early April. However, the momentum that drove that surge has now been overtaken by a clear wave of red candles, and technical analysis suggests that the XRP price can crash below $2 again in the coming days to the April low. MasterAnanda Flags Risk Of Further XRP Downside A recent technical update shared by analyst MasterAnanda on TradingView reinforces the short-term bearish sentiment. The chart shared alongside the analysis shows XRP has broken down from a rising channel, with three consecutive daily closes below the lower trendline. These three consecutive red days have rejected the setup of an upwards bounce on the lower trendline. Although XRP is still trading above $2 right now, the longer it continues to trade below the $2.30 region, the more likely a steeper drop becomes. In his analysis on TradingView, the analyst MasterAnanda acknowledged that XRP may appear due for a rebound, but the underlying signals tell a different story. “It looks like XRPUSDT can recover any minute now, but the correction might not be over,” the analyst noted. Interestingly, despite the ongoing decline, bearish volume has been quite low. This shows that the selling may not be particularly strong, but also not challenged. This low-volume pullback suggests the market is drifting down due to a lack of buyers rather than intense selling pressure. Even so, the analyst noted that XRP has yet to reach a solid support level. XRP Bullish Long-Term, But Can Crash Below $2 Although the short-term chart paints a troubling picture, MasterAnanda is confident in XRP’s bullish trajectory in the long term. However, the Fibonacci retracement levels marked on the chart show that the price has already dropped through the 0.382 zone and is hovering near the 0.236 line at $2.035. Beneath that, the low near $1.75 is the critical area to watch, which aligns with the analyst’s projected support zone. If XRP fails to hold above $2.00, it could slip toward that higher low. A red arrow drawn on the daily candlestick timeframe chart shows the trajectory of this decline. As such, XRP traders should prepare for the possibility of a strong downside unless a strong reversal happens before the crypto breaks below $2. XRP’s bearish sentiment is gradually intensifying. If this correction continues unchecked, a retest of the $1.70 to $1.80 range may come sooner than expected. At the time of writing, XRP is trading at $2.13, down by 3.85% in the past 24 hours and 8.9% in the past seven days.

The Bitcoin price has not quite been able to maintain the bullish momentum that saw it climb to a new all-time high last week. Instead, the premier cryptocurrency has succumbed to bearish pressure over the past few days, falling about 7% from its record-high price. Unfortunately, the Bitcoin price seems to be at the start of what could be a disappointing downward run over the coming weeks. The latest technical price data indicate a potential bearish trend reversal for the price of BTC, with the market leader at risk of losing its six-figure valuation. Which Technical Indicators Are Sounding The Sell Alarm? In a May 30 post on the X platform, crypto analyst Burak Kesmeci provided a technical insight into the price of Bitcoin, explaining that signs are quickly turning bearish for the flagship cryptocurrency. The online pundit projected that BTC could face a severe price downturn to around the $93,000 level in the near future. Kesmeci highlighted changes in some technical indicators on the daily timeframe, suggesting that a correction might be on the horizon for the Bitcoin price. One of these indicators is the daily Relative Strength Index (RSI), a momentum indicator that estimates the speed and magnitude of an asset’s price movements. As observed in the chart above, the daily RSI is around 51 points and below the 14-day simple moving average (SMA). According to the crypto analyst, this technical indicator shift points to a weakening bullish momentum for the Bitcoin price. Kesmeci also noted that the Fixed Range Volume Profile (FRVP), which analyzes trading volume around a price region, signals a heavy trading zone around the $103,500 level. A sustained close beneath this level could lead to elevated selling pressure for the flagship cryptocurrency, the analyst said. Furthermore, Kesmeci mentioned that the AlphaTrend indicates that a second close below 106.269 may trigger a “sell” signal for the Bitcoin price. Meanwhile, the Average Directional Index (ADX) suggests that the bears are gaining the upper hand in the market. Finally, Kesmeci pinpointed the next target at the 0.5 Fibonnaci level and the FRVP Value Area Low (VAL), both of which could be considered major support zones, at around $93,000 and $91,800, respectively. Ultimately, all these technical levels suggest that the Bitcoin price may correct to the $91,000 – $93,000 bracket. Bitcoin Price At A Glance As of this writing, the price of BTC is hovering around the $104,000 mark, reflecting an almost 2% decline in the past 24 hours.

Ethereum has struggled to sustain the all-important $2.5K level. It’s currently trading in a tight zone between $2.75K and $2.4K ever since May 10. It’s worth noting that even after the recent 9% decline in $ETH’s prices, the annualized premium stands at 6%. This means that $ETH futures are currently at a 6% premium compared to spot. In simple words, traders are willing to pay more for $ETH than its spot price, indicating an overall neutral-to-bullish sentiment. Read on as we discuss the ongoing market sentiments around Ethereum. We’ll also suggest the best crypto to buy now to ride the upcoming $ETH-fueled crypto rally. Ethereum’s Positive Market Data A possible reason for the decline in $ETH’s price might be investors losing interest in dApps across the blockchain. The total value locked (TVL) of the crypto industry is currently at $122B. This is 43% less than its all-time high in December 2021. Even then, Ethereum dominates the TVL with a 54.2% market share. Out of this, 6.3% is added by Layer 2 on Ethereum. For comparison, Ethereum’s TVL is four times more than Solana and BNB Chain combined. All in all, while there has been a drop in the overall industry’s TVL, Ethereum has managed to emerge as a dominant player. Now, let’s compare the fees collected by Solana and Ethereum protocols. The top four dApps on Solana collected $356.3M in user fees in the last 30 days. Out of this, only $48.5M (13.6%) was collected as protocol fees. On the other hand, the top four dApps on Ethereum collected $169M in the last 30 days. 52% less than Solana. Out of this, $38.3M (22%) was collected as protocol fees. This is primarily because many dApps on Ethereum run on the Layer 2 solution, which settles back to the Ethereum mainnet and shares revenue with validators, creating demand for $ETH. So, while the prices may seem stagnant as of now, $ETH has still increased around 75% since mid-April. A solid consolidation is important for a sustained long-term price rally. A break above the $2.75K resistance can propel $ETH towards its all-time high at $4K. If you want to prepare yourself for this opportunity in the best manner possible, here are some top altcoins you can invest in. 1. MIND of Pepe ($MIND) – Best Crypto to Buy Now to Identify Explode-Worthy Tokens If you’ve been at sea trying to pick the next big crypto coin and want to supercharge your crypto investing career, MIND of Pepe ($MIND) is easily the #1 crypto you should buy. $MIND is a cutting-edge AI agent that: Interacts with the crypto community – in a context-aware tone using relevant crypto and meme lingo – on online platforms like X Acknowledges their opinions and insights on specific meme coins Combines online chatter with on-chain activity data, like volume spikes, early investor funding, etc., to identify the next cryptos to explode. As a $MIND token holder, you’ll enjoy exclusive access to the AI agent’s real-time actionable crypto investment advice. Additionally, MIND of Pepe is set to ultimately reach a stage where it can create tokens from scratch. Early-bird access to these high-potential new cryptos is also a huge benefit of HODLing $MIND. Luckily for you, MIND of Pepe is currently in presale. It has raised a whopping $11.9M, and each token is available for just $0.0037515. However, make sure you move fast because the $MIND presale is ending in around 2 days from now. Here’s our guide on how to buy MIND of Pepe. 2. Solaxy ($SOLX) – First-Ever Solana L2 with $40M in Presale Funding Solaxy ($SOLX) could be right at the center of the next surge in DeFi, seeing as it aims to revolutionize the Solana blockchain and restore its glory days. Solana, in case you’re out of the loop, has been facing congestion and scalability issues thanks to $TRUMP’s success, which brought hundreds of thousands of new investors to Solana. During peak activity hours, Solana is unable to process transactions, often resulting in failed transaction requests. Enter Solaxy. Solaxy will build the first-ever Layer 2 solution on Solana, which will offload a lot of Solana’s transactions onto a sidechain, thereby reducing the burden on the mainnet. Additionally, $SOLX will process transactions in batches rather than one by one. As is the case in conventional banking, batch processing will reduce the cost required per transaction, meaning Solana will become even more affordable than it is currently. With over $42.7M in early investor funding, the Solaxy presale has proven that investors are really looking forward to ‘Solana’s lifesaver’ going live. If you want to join the tribe, buy $SOLX now for just $0.00174 each. Hurry up, though, because the presale is in its last stage and will close out in a couple of weeks. 3. Comedian ($BAN) – Controversial Artwork Gets Its Very Own Meme Coin Comedian ($BAN) is a low-cap coin based on the infamous artwork of the Italian virtual artist Maurizio Cattelan. The artwork, which you might have definitely seen floating around on social media, features a banana taped to a wall. Yep, that’s it! Needless to say, this rather ‘bold’ display of artistic caliber drew in a lot of negative comments, especially from lovers of contemporary, old-school art that involved a lot of thought, skill, and, oh, brushstrokes. Permissible or not, the mere controversy surrounding the art was enough for crypto degens to push the $BAN token to mainstream popularity. With lifetime gains of over 100,000%, $BAN is currently one of the top trending cryptos. It has jumped more than 30% over the past month, and you can get one $BAN for just $0.06572 right now. Sweet Gains, But Spicy Market Utility-backed presale cryptos like MIND of Pepe ($MIND) and Solaxy ($SOLX) can indeed offer you once-in-a-lifetime opportunities to become crypto millionaires. However, the fact remains that the crypto market is highly volatile and unpredictable. No returns are guaranteed! So, always jump in with a small amount and do your own research before investing. This article isn’t financial advice.

Highlights include US NFP, ISM PMIs, ECB, BoC, EZ CPI, Canada Jobs, Swiss CPI and Aussie GDP Newsquawk Week Ahead Highlights for June 2nd – June 6th MON: Swiss GDP (Q1), EZ/UK/US Final Manufacturing PMI (May), US ISM Manufacturing PMI (May) TUE: RBA Minutes, South Korean Election, South Korean CPI (May), Swiss CPI (May), EZ Flash CPI (May), US Durable Goods (Apr) WED: BoC Announcement, Australian GDP (Q1), EZ/UK/US Final Services and Composite PMI (May), ISM Services PMI (May) THU: ECB Announcement, Swiss Unemployment (May), Swedish CPIF (May), EZ PPI (Apr), Canadian Trade Balance (Apr) FRI: RBI Announcement, CBR Announcement, German Trade Balance (Apr), EZ GDP R (Q1), EZ Retail Sales (Apr), EZ Employment Final (Q1), US Jobs Report (Mar), Canadian Jobs Report (May) US ISM MANUFACTURING PMI (MON): The consensus currently expects headline ISM manufacturing to be unchanged at 48.7 in May (note: these expectations may change ahead of the data release). As a basis of comparison, S&P Global’s flash US manufacturing PMI for May rose to a 3-month high of 52.3 from 50.2 in April; the output index also rose to a 3-month high, and back above the 50 mark which separates expansion and contraction (came in at 50.7 from 49.6). S&P Global said improved performances were driven by faster growth in new orders, with manufacturing inflows rising at the sharpest pace for 15 months. Manufacturing input inventories showed the largest increase on record as firms aimed to guard against tariff-related issues. Manufacturing output returned to growth after declines in March and April, though only slightly. Manufacturing input costs rose at the sharpest rate since August 2022, while export declines eased from Aprilʼs steep fall. Manufacturersʼ selling prices increased sharply, posting the largest monthly rise since September 2022. Confidence about the outlook reached its highest level in three months, despite manufacturing jobs being cut for a second consecutive month. RBA MINUTES (TUE): Minutes of the latest RBA confab will likely be dissected for more details, particularly after RBA Governor Bullock, at the post-meeting presser, revealed that the board discussed cutting by 25bps or 50bps. In terms of the decision itself, RBA cut the Cash Rate by 25bps to 3.85%, which was widely expected with money markets pricing in a 99.5% likelihood ahead of the announcement. RBA stated that inflation continues to moderate, the outlook remains uncertain and that maintaining low and stable inflation is the priority. RBA board judged that the risks to inflation have become more balanced and noted that uncertainty in the world economy has increased over the past three months and that volatility in financial markets rose sharply for a time. Furthermore, the board assessed that this move on rates will make monetary policy somewhat less restrictive, while it remains cautious about the outlook, particularly given the heightened level of uncertainty about both aggregate demand and supply. RBA also released its Quarterly Statement on Monetary Policy which noted that the escalation of global trade conflict is a key downside risk to the economy and that the global growth outlook was downgraded, while the central bank trimmed core domestic inflation forecasts and slightly raised its unemployment view. Oxford Economics noted that it views “rates as still being in slightly restrictive territory after this cut and expects to see two more rate cuts in the second half of 2025”. SOUTH KOREAN ELECTION (TUE): South Korea will conduct its presidential election on Tuesday to choose its new head of state following months of political instability that began with former President Yoonʼs botched martial law declaration in December which led to his arrest and impeachment. It also resulted in a period of three different acting Presidents over a six-month period. There are a total of six candidates although polling suggests it is essentially a two-horse race with only the two candidates from South Koreaʼs two major political parties having a realistic chance of winning. The opposition Democratic Party of Koreaʼs Lee Jae-myung is the clear front-runner who is ahead across opinion polls followed by the ruling People Power Partyʼs candidate Kim Moon-soo. The DPKʼs Lee previously ran for election in 2022 but narrowly lost against the since-ousted former President Yoon and is seen by supporters as a working-class hero. He had previously worked in a factory prior to becoming a human rights lawyer, he is also a vpolitician serving in the National Assembly, as well as the leader of the DPK party and was previously the Governor of Gyeonggi Province from 2018 to 2021. Lee recently said that an extra budget will be needed to boost the economy in the short term and that a deadline on tariff talks with the US should be reconsidered, while he also stated that heightened military tensions with North Korea are burdening South Koreaʼs economy. Furthermore, Lee has pledged to restore the hotline between North Korea and South Korea, as well as noted that there is no need to antagonise China or Russia. He had also previously criticised former President Yoon for being overly friendly towards the US and for showing blatant hostility against China and North Korea. Conversely, the incumbent PPPʼs Kim Moon-soo is the status quo candidate who recently served as the Labour Minister and was also a former Governor of Gyeonggi Province during 2006-2014, while Kim has vowed to create a business-friendly environment and said he may consider nuclear armament if possible as part of a US alliance, although has trailed behind DPK candidate Lee across opinion polls with a recent Realmeter survey showing support for the DP’s Lee at 49.2% vs 36.8% for Kim. SWISS CPI (TUE): There is currently no newswire consensus for the May figure. Aprilʼs headline came in shy of market consensus at 0.0% Y/Y, and cooler than the SNBʼs Q2 average forecast of 0.2% Y/Y. A figure which, at the time, significantly increased the odds of a 25bps cut in June to 0.00% and saw a slight chance of a 50bps cut into negative territory implied. Since, Chairman Schlegel has spoken a significant and somewhat unusually large amount of times for the SNB, remarks which have focussed primarily on currency manipulation. On the subject of inflation, Schlegel said negative inflation cannot be ruled out in the coming months, but made the point that the focus is not on the current inflation level but instead on mid-term price stability. Remarks which potentially imply the SNB has some scope to look through cooler-than-expected inflation, i.e. somewhat diminishing the odds of a cut into negative territory, though a 25bps cut to the Zero-Lower-Bound (ZLB) in June looks all-but-certain at this stage. Overall, a figure significantly below the SNBʼs 0.2% Y/Y Q2 average, particularly if it is in negative territory, increases the odds of the SNB moving from the current 0.25% policy rate straight into negative rates. EZ FLASH CPI (TUE): Data from member nations thus far includes an as-expected cooling of the Italian harmonized Y/Y figure to 1.9%. Spain also eased to 1.9%, slightly cooler than forecast. France’s inflation also eased more than forecast to 0.7% while Germany unexpectedly remained at the prior rate of 2.1%; while unexpected vs newswire consensus, the German outturn matched the skew from state CPIs. For the EZ, the headline Y/Y is seen moderating to 2.0% (prev. 2.2%) with the super core expected to tick down to 2.5% (prev. 2.7%); note, that some desks had expected the super-core to remain sticky at prior levels, but this was before the marked moderation seen in Spainʼs core figure though perhaps offset by the stickiness seen in the German equivalent. The ECB meeting begins the day after HICP prints (decision on Thursday), into which the base case is very much for a 25bps cut. As such, while the May figure is of course important it is unlikely to have any real sway on the announcement in June. However, the trajectory and timing of cuts post-June is less clear, details on that will be keenly sought during the ECB, a point that the inflation figure may have some influence on. BOC ANNOUNCEMENT (WED): The upcoming meeting is a statement-only affair with a follow-up press conference with Governor Macklem, there will be no update to the MPR. In between the prior BoC meeting and the upcoming meeting, money market expectations have fluctuated in response to recent data. As it stands, money markets are only pricing in 5bps of easing. Before the recent hot inflation data, a 25bps cut was priced with a 60% probability, but since the hotter-than-expected inflation report, this is no longer the case and a hold is priced as the more likely scenario (80% probability of a hold), which was also bolstered after strong Q1 GDP in Canada. At the prior meeting, the BoC left rates on hold and continued to provide no guidance due to the uncertainties ahead. However, Governor Macklem did note they are prepared to act decisively if incoming information points clearly in one direction. It is also worth noting that the Minutes of the meeting found that the council was split on whether to cut or hold. Those who favoured a cut cited near-term inflation risks and signs that the economy was weakening. Looking ahead, money markets are pricing in 35bps of easing throughout the year – this fully prices one more rate cut from the BoC, with a 52% probability of a second. US ISM SERVICES PMI (WED) : The consensus currently sees the headline ISM Services PMI ticking up to 52.0 from 51.6. In terms of a comparison, the S&P Global Services PMI in May rose to 52.3 from 50.8, a two-month high. The S&P Global report noted that “Export orders continued to fall, dropping especially sharply for services, supply chain delays intensified, and prices charged for goods and services surged to an extent not seen since August 2022, overwhelmingly linked to tariffs”. In terms of demand, growth for services was the strongest since March, primarily fueled by domestic demand, but exports of both goods and services fell for the second consecutive month, with trade policy widely linked to falling foreign sales of both goods and services. Exports of services fell at the sharpest rate since the early 2020 lockdowns, and excluding the pandemic, saw the sharpest fall since late 2014. Looking ahead, confidence about the outlook rose to a four-month high in services. In terms of prices, average prices for both goods and services rose at a rate not seen since August 2022, when pandemic-related shortages caused widespread price inflation. Charges levied for services rose to the greatest extent since April 2023. On employment, service sector payrolls were trimmed for the second time in four months. Try Newsquawk free for 7 days AUSTRALIAN GDP (WED): There are currently no expectations for Australian GDP growth. In terms of the most recent RBA, the central bank cut the Cash Rate by 25bps to 3.85%, which was widely expected with money markets pricing in a 99.5% likelihood of a move ahead of the announcement. RBA stated that inflation continues to moderate, the outlook remains uncertain and that maintaining low and stable inflation is the priority. Furthermore, the board assessed that this move on rates will make monetary policy somewhat less restrictive, while it remains cautious about the outlook, particularly given the heightened level of uncertainty about both aggregate demand and supply. RBA also released its Quarterly Statement on Monetary Policy which noted that the escalation of global trade conflict is a key downside risk to the economy and that the global growth outlook was downgraded, while the central bank trimmed core domestic inflation forecasts and slightly raised its unemployment view. Analysts at HSBC, in a note dated mid-May, forecasted a “modest negative growth impact” in Australia and suggested that the market shocks are likely slightly disinflationary for the country. ECB POLICY ANNOUNCEMENT (THU): Consensus looks for the ECB to cut rates by 25bps with markets assigning a 95% chance of such an outcome. As a reminder, the prior meeting saw policymakers pull the trigger on another 25bps rate cut, taking the Deposit Rate to 2.25%; a level which saw the central bank omit the reference to rates being viewed as restrictive. Within the statement, one of the main takeaways was that the Eurozone growth outlook deteriorated owing to rising trade tensions. Since then, whilst there has been an easing of tensions between the US and China, which led to an improvement in the global trade outlook, a deal between the EU and the US remains elusive. The lack of progress prompted US President Trump to recommend a 50% tariff on the EU as of June 1st. This threat has since been pushed back to July 9th and the EU is increasing efforts to get an agreement. However, large gaps between the two sides remain. From a data perspective, flash CPI metrics for the Eurozone will not be released until Tuesday. However, in recent remarks, Chief Economist Lane is confident that the Bankʼs task to bring inflation back to 2% is “mostly completed”. On the growth front, PMI data for May showed an improvement in the manufacturing sector and a deterioration in services with both metrics still in contractionary territory. The accompanying release noted “the eurozone economy just cannot seem to find its footing”. Assuming the ECB cuts by 25bps next week, the focus will be on any clues as to what comes thereafter given the apparent split of views on the GC. The accounts of the ECB meeting (albeit when trade tensions were higher) showed that some members would have been comfortable with a 50bps reduction, whilst those at the hawkish end of the spectrum, such as Austriaʼs Holzmann, think the Bank should pause until April. Currently, markets see a total of 54bps of loosening by year-end (including the expected June cut). For the accompanying macro projections, Rabobank expects growth to be revised down a touch for both 2025 and 2026 while the inflation view is likely to be trimmed for 2025 to 2.0% (Mar. 2.3%) but increased for 2026 to 2.3% (Mar. 2.0%). SWEDISH CPIF (THU): There is currently no newswire consensus for Swedenʼs CPIF figures on Thursday, but Danske Bank predicts that the headline will remain unchanged from the prior reading of 0.2% M/M & 2.3% Y/Y. As for the core figure, the bank sees M/M cooling to 0.1% (prev. 0.5%) and Y/Y cooling to 2.4% (prev. 3.1%). To recap Aprilʼs report; CPIF remained steady at 2.3% whilst the core figure saw a slight uptick, thanks to rising travel prices. Following this, with inflation remaining elevated and the uncertain economic environment, the Riksbank opted to keep rates steady at 2.25%. Policymakers highlighted that “it is somewhat more probable that inflation will be lower than that it will be higher than in the March forecast. This could suggest a slight easing of monetary policy going forward” – but the Bank remained cautious by noting the “impact on inflation is more difficult to assess”. SEB suggests that barring any surprises, they see the Riksbank delivering a 25bps cut at the next meeting (June); markets currently price in a 40% chance of such a move, so this will be a very important report for policymakers. RBI ANNOUNCEMENT (FRI): The RBI will hold its 3-day policy meeting next week where there are expectations for the central bankto lower rates again by 25bps to reduce the Repurchase Rate to 5.75% from the current 6.00% level. As a reminder, the RBI cut its main rates by 25bps as widely expected at the last meeting in April with the decision made unanimously and it also shifted its policy stance to accommodative from neutral. Meanwhile, Governor Malhotra said during the policy address that the accommodative tance signals the intended direction of policy rates going forward and that going forward, absent any shocks, the Monetary Policy Committee will only consider the status quo, and a rate cut. Furthermore, he stated that tariff measures have exacerbated uncertainties with some trade frictions coming through and unsettling the global community, as well as noted that higher tariffs will have an impact on net exports and the dent on global growth due to trade frictions will impede domestic growth. As such, the MPCʼs accommodative stance and ongoing trade uncertainty support the case for the RBI to continue cutting rates, while the recent softening of inflation data also provides further scope for the RBI to continue loosening its policy as CPI in April printed 3.16% vs. Exp. 3.27% (Prev. 3.34%) to remain below the central bankʼs 4% target but within the 2-6% flexible band. US JOBS REPORT (FRI): The consensus currently expects 130k nonfarm payrolls to be added to the US economy in May (vs 177k in April; the 3-month average currently stands at 155k, 6-month at 193k, and the 12-month at 157k). The unemployment rate is seen unchanged at 4.2% (note: the Fed’s March projections forecast unemployment would rise to 4.4% this year). Average hourly earnings are expected to rise by +0.3% M/M, picking up in pace from the +0.2% M/M reported in April. Analysts will be watching the Federal job loss figures, which many think will tick up as severance periods end. Weekly jobless claims data that coincides with the BLS survey window for the jobs report showed initial claims at 226k (vs 216k in the April survey window), and continuing claims at 1.919mln (vs 1.833mln in the April window). The Conference Board’s monthly consumer confidence data showed views of the labour market weakening in May, though the outlook for the labour market was less negative. Additionally, consumersʼ outlook for their income prospects turned positive in May, CB said. In terms of the Fed’s balance between still above-target inflation, and a “solid” labour market, the recent FOMC meeting minutes noted that risks of higher inflation and higher unemployment have risen recently, and officials saw risks of the labour market weakening in the coming months, and said that it could face difficult trade-offs if inflation persists while the labour market weakens. CANADIAN JOBS REPORT (FRI): Participants will be watching the labour market report to see whether or not Trump’s tariffs are having an impact on the labour market. In between the prior BoC meeting and the upcoming meeting, money market expectations have fluctuated in response to recent data. As it stands, money markets are only pricing in 5bps of easing. Before the recent hot inflation data, a 25bps cut was priced with a 60% probability, but since the hotter-than-expected inflation report, this is no longer the case and a hold is priced as the more likely scenario (80% probability of a hold), which was also bolstered after strong Q1 GDP in Canada. Given this jobs report takes place after Wednesday’s BoC rate decision, it will likely shape expectations for the July meeting, where 16bps of easing is priced, implying a 64% probability of a cut. Copyright © 2025 Newsquawk Voice Limited. All rights reserved. Registered Office One Love Lane, London, EC2V 7JN, United Kingdom · Registered Number 12020774 · Registered in England and Wales. newsquawk.com · +44 20 3582 2778 · info@newsquawk.com Join Global Traders Association FREE – Click HERE

Navigating the global economy and managing capital market volatility has always posed challenges, but the uncertainties emanating from Washington make this task exceptionally treacherous. The so-called reciprocal tariffs announced on April 2 were postponed for 90 days just one week later, ostensibly to usher in a period of intensive negotiations. Yet a few weeks into this cooling-off period, despite claims of dozens of deals in the pipeline, the Trump administration acknowledged it "lacked the capacity" to negotiate with everyone simultaneously. Instead, it indicated it would simply announce new tariff schedules unilaterally in what appears to be a second "Liberation Day." Then, in late May, the US Court of International Trade found that the Trump administration overstepped its authority under the International Emergency Economic Powers Act. An appellate court upheld the tariffs pending a higher court review. The White House will continue to press its case and/or find a different authority. Congress does not appear close to clawing back the power on trade it has delegated. At the same time, the capricious and unpredictable nature of US policy was underscored by the doubling of steel and aluminum tariffs to 50% on May 30 (effective June 4). The escalating tariffs and counter-tariffs between the US and China have morphed into what effectively constituted an embargo between the world's two largest economies. This trade rupture threatened to disrupt US supply chains catastrophically while driving the economy toward recession. The loss of US demand, combined with higher tariffs on countries where Chinese and foreign companies had outsourced mainland production, weighed on China's economic activity. Despite the 90-day negotiating respite, tariffs remain considerably higher than previous levels. Meanwhile. Container ship traffic surged before the respite was granted but has since slowed again. This frantic stockpiling has led many economists to downgrade recession probabilities for the US. The Peterson Institute estimates that average US tariffs on Chinese goods now hovers around 51%, while China's average tariff on US imports reaches approximately 32.5%. Meanwhile, the average US tariff on the rest of the world sits just below 12%, compared to China's average tariff of roughly 6.5% on non-US goods. This cease-fire, however, should not be mistaken for peace. Days before the Sino-American détente in Switzerland, Washington struck a basic trade agreement with the UK that many observers—particularly in Beijing—viewed as an overt attempt to lock China out of British supply chains. Within days of the Swiss meeting, the US issued a formal warning against using Huawei AI "anywhere in the world," characterizing such use as a violation of US export controls. Beijing took serious umbrage at this sweeping assertion, claiming it undermined the recently negotiated agreement. While the US reportedly softened the "anywhere in the world" language, this concession failed to satisfy Beijing, which threatened unspecified retaliation. In addition, the administration announced new controls on jet engine part exports to China, threatened to revoke student visas from China, and imposed new restrictions on the sale of chip design software. As May wound down, US Treasury Secretary Bessent acknowledged that the talks with China stalled, while the Trade Representative office complained that Beijing has not expedited its approval for critical minerals and metals. Still, China's ability to capitalize on the apparent vacuum created by US foreign policy has been constrained by its own aggressive trade practices and regional bullying, affecting not only Taiwan but also the Philippines, Japan (over the Senkaku/Diaoyu Islands), Bhutan, and Nepal. China is nonetheless making significant headway in two critical areas. First, the internationalization of the yuan has accelerated dramatically. Last year witnessed a record volume of panda bonds—yuan-denominated bonds issued by non-Chinese entities, including governments and corporations—totaling 109 issues worth approximately CNY195 billion ($26.7 billion). This year has reportedly started even more robustly. Chinese banks themselves have begun shifting from dollar-denominated to yuan-denominated lending. While this shift partly reflects cyclical considerations—Chinese interest rates remain considerably lower than US and European rates—it also signals the continued maturation of yuan markets in a self-reinforcing cycle. The desire to de-dollarize or de-risk international transactions, given the extensive reach of US sanctions, likely plays an additional role. Second, just as Russia's invasion of Ukraine has provided a proving ground for new weapons and tactics, the recent confrontation between India and Pakistan offered China an opportunity to test its latest armaments in combat. Press coverage suggests that China's J-10C fighter jets performed better than many anticipated, though its HQ-9 surface-to-air missile systems may have disappointed. Given the sheer number of increasingly educated and skilled personnel in China's defense sector, it appears some critical threshold has been crossed, suggesting more Deep Seek-like technological breakthroughs lie ahead. If one word could characterize the current business climate, it would be uncertainty. The drip-feed of tariffs, policy reversals, and ongoing sectoral investigations—spanning movies, semiconductor chips, pharmaceuticals, and timber—combined with "flooding the zone" tactics, has bewildered businesses and investors alike. While there is general recognition that the 0.2% economic contraction in Q1 represented a significant distortion caused by efforts to front-run tariffs—leading to a historic import surge, stronger consumption, and elevated business investment, particularly in inventories—modest growth appears to have returned in Q2. Nevertheless, concerns persist. At a fundamental level, we expect poor sentiment reflected in surveys to percolate into real sector data. The labor market remains key, and between government layoffs and the hiring slowdown, unemployment looks set to rise. Tourism is expected to weaken considerably as European and Canadian bookings have fallen sharply. Like the tariffs themselves, both formal and informal curbs on immigration carry both inflationary and contractionary implications. A critical question is whether global investors will join tourists in their informal consumer boycott of US brands abroad and withdraw their savings from American markets. Many observers expect this outcome, particularly on days when US bonds are sold but the dollar falls despite ostensibly supportive higher interest rates. Yet the dollar does not always move in tandem with US rates. The rolling 60-day correlation between Dollar Index changes and 10-year US yields rarely exceeds 0.60 and spent several months in 2022 inversely correlated. Extended periods of inverse correlation have occurred before, with the longest recent stretch running from March 2011 through May 2013. US equities have underperformed thus far this year, while the 10-year US Treasury yield is off around 15 basis points, which is the most within G7 countries. On the other hand 10-year Japanese yields have risen by about 40 bp, 14 basis points in Germany and eight basis points in the UK. The greenback has weakened against the world's currencies, except against a few emerging market currencies. American and international investors began the year overweight US assets, compelled by their remarkable outperformance. While some portfolio adjustments have occurred, concluding that a capital strike against the US is underway—or as former Treasury Secretary Lawrence Summers quipped, that America is "acting like an emerging market" appears premature. Observers and media frequently construct structural narratives around what are ultimately cyclical or tactical shifts. While something more profound may be occurring, it will require time to manifest clearly in the data. After Moody's stripped the US of its AAA rating, the Swiss National Bank president explained from a reserve manager's perspective that "US Treasuries remain extremely liquid. There is currently no alternative to them, and none is foreseeable." In a similar vein, Canada’s largest pension plan indicated that US holdings accounted for 47% of its portfolio at the end of March, up from 42% in 2024 and 36% in 2023. The US Treasury's International Capital report (TIC) revealed that foreign investors purchased a net $350 billion of US stocks and bonds in Q1 2025, compared to less than $40 billion in Q1 2024. Selling pressure appeared to intensify around what President Trump dubbed "Liberation Day" in early April, though some investment flow reports suggest domestic investors were notable sellers. Occam's razor dictates that simpler explanations are preferable pending additional data, and in this context, we should assume cyclical portfolio adjustments are at work rather than fundamental structural shifts. Bannockburn's World Currency Index, a GDP-weighted basket of the currencies of the 12 largest economies, rose for the fifth consecutive month in May. After rising by more than 1% in both March and April, the BWCI appreciated by a more modest 0.20% in May. This reflected the continued but slowing appreciation of most of the foreign currencies against the dollar. Among the currencies from high income countries, only the yen fell against the dollar, the euro rose by less than 0.2%. The Australian dollar did only slightly better, while the Canadian dollar rose by almost 0.5%. Sterling's gain of slightly more 1.1% led the G10 components, but three currencies from developing economies outperformed it. The Russian ruble was the strongest currency in Bannockburn's World Currency Index, rising by about 5.8%, followed by the South Korean won's 3.0% gain. The Chinese yuan gained almost 1%. The Mexican peso held on to around a 0.9% gain after pulling back into the end of the month. The Brazilian real fell by about 0.85%, The Indian rupee was the weakest member of the BWCI, and it fell by about 1.25% against the dollar in May. Through last month, the BWCI rose 3.4% in 2025. It fell for the past four years, including last year's 7.3% slide. It is struggling near 91.00 and has been consolidating between around 90.00 and 91.00 since mid-April. A convincing move through 91.25 could target the 92.30-45 area. U.S. Dollar: The US has launched two initiatives that have contributed to the dollar's decline in recent months. Economists often seem not to agree with each other, but there is widespread recognition that that tariffs are a tax on importers that can be divided between businesses (narrower profit margins) and consumers (higher prices). Surveys of US businesses confirm that the majority will be raising prices. The other initiative is the "big, beautiful budget" that was narrowly passed by the House of Representatives after Moody's took away the US triple A rating. You cannot say Moody's hasn't been patient with both political parties. S&P first cut the US AAA rating in 2011. Inflation will likely seem particularly sticky in May and June when the CPI was flat in 2024. The labor market is key, but even if job growth slows to 130k in May, as the median forecast in Bloomberg's survey says, the three-month moving average would tick up. We suggest that only a marked deterioration of the labor market will spur the market to bring next cut back from Q4 where it has been pushed in recent weeks. The US 10- and 30-year yields rose by around 25 bp in May, and many reasons have been offered. The most compelling one is often the simplest. The nearly 50 bp rise in the expected year-end policy rate can alone explain the rise in the long-term yields. The failure of the dollar to draw more succor from the backing up of rates lends credibility to our framing that given the uncertainty surrounding the US, investors are demanding higher premiums to hold dollars. Euro: The euro's rally accelerated in April, when it rose 4.7% against the dollar, the most in any month since May 2009. Moreover, it was the second consecutive month that it rose by more than 4%, and it was the fourth consecutive monthly gain. It eked out a minor gain in May but reached $1.1575, its highest level since November 2021. It corrected to about $1.1065 where it held technical support. Buyers emerged to lift it back to almost $1.1420. The US threat to impose a 50% tariff on all EU goods caused the euro to briefly wobble, but the market quickly concluded that this was likely a negotiating tactic, and the US extended the deadline to July 9, when the postponement of the so-called reciprocal tariffs expire. We expect additional euro gains in the coming weeks and see potential toward $1.1650. The key driver seems its deep and liquid alternative to the dollar, and portfolio re-allocation decisions rather than EMU developments. Further out, the euro may be on its way back to $1.20. The new German government reversed previous opposition to allowing nuclear power to be considered among the "renewables" for EU purposes and this may set the stage for additional agreements. The swaps market has no doubt that the European Central Bank will cut key rates by 25 bp at its June 5 meeting. That would bring the deposit rate to 2.0%. It seems reasonable to expect the ECB's path will become less aggressive as the neutral rate (suggested by ECB President Lagarde to be near 1.75%) is approached. (As of May 30, indicative closing prices, previous in parentheses) Spot: $1.1345 ($1.1365) Median Bloomberg One-month forecast: $1.1300 ($1.1140) One-month forward: $1.1370 ($1.1385) One-month implied vol: 7.9% (9.3%) Japanese Yen: The dollar's four-month down draft against the yen ended in May. The dollar rose by almost 0.5% last month. Although the correlation of the daily changes in the exchange rate and the 10-year Treasury yield slackened, the US 10-year yield also rose for the first time in five months in May. The swaps market has 16 bp of tightening discounted at the end of the year, unchanged from the end of April. The combination of elevated inflation and the central bank's pullback of its JGB purchases saw pressure mount on the long end of the Japanese yield curve. The 30-year bond yield rose by around 26 bp, to trade above 3% for the first time since 2001. The 40-year yield jumped more than 40 bp to reach 3.70% but reversed in recent days to settle the month almost unchanged. The US-Japanese 10-year differential is near 292 bp after finishing April near 285 bp. Japanese officials want to strike a trade deal with the US in June, ahead of the end of the 90-day postponement of the reciprocal tariffs and the July upper house election. The BOJ owns more than half of the outstanding government bonds, but one would imagine that the Japanese banks and insurance companies may also vulnerable. Yet, Topix indices for both sectors rose in May. There is some speculation that Japanese officials will try to persuade banks and insurance companies to buy more government bonds. Since an important alternative is US bonds, this is being incorporated into dollar-bear scenarios. The dollar tested important support near JPY140 in April and recovered to JPY148.65 in May before coming under new pressure. A convincing break of the JPY140.00 area (the 2024 low was near JPY139.60) would be seen to confirm a long-term top. Spot: JPY144.00 (JPY143.65) Median Bloomberg One-month forecast: JPY144.00 (JPY144.80) One-month forward: JPY143.55 (JPY143.20). One-month implied vol: 11.1% (11.9%) British Pound: Sterling was driven to new three-year highs in late May to almost $1.3600 by two forces. The first was the broad weakness of the dollar, and the second was a reconsideration of the trajectory of Bank of England policy. Stronger-than-expected Q1 GDP, which at 0.7% (quarter-over-quarter) put it atop the G7. Higher inflation, especially core (3.8% vs. 3.4%) and services (5.4% vs. 4.7%) and retail sales contributed to the swaps market raising its anticipation of the year-end base rate to 3.85% from 3.50% at the end of April. The base rate target is 4.25% now. There is practically no chance of a BOE rate cut at the June 19 meeting, and the odds of a cut at the August 7 meeting are around 40%. The next cut is not fully discounted until November. The UK reached a framework of a trade deal with the US and finalized a free-trade agreement with India. The UK also struck an agreement with the EU that begins re-building a post-Brexit relationship. Sterling's gain in May was not particularly large. In fact, it was slightly less than half of the nearly 3.2% gain in April. There is little on the charts to deter a move toward $1.3650. Yet, with a four-month advance in tow, the longest streak since 2009, sterling appears to be getting stretched. Spot: $1.3460 ($1.3315) Median Bloomberg One-month forecast: $1.3300 ($1.3160) One-month forward: $1.3465 ($1.3320) One-month implied vol: 7.6% (8.2%) Canadian Dollar: Elevated underlying core inflation measures prompted a downgrade of the chances of a Bank of Canada rate cut when it meets on June 4. Before the news that core inflation accelerated more than 3% year-over-year for the first time since Q1 24, the swaps market was discounting almost a 70% chance of a June cut. The odds have been halved, but economists in Bloomberg's survey still favor a cut. The target rate is now 2.75%. The market puts it near 2.35% for the end of the year, which implies one cut is fully discounted and almost 60% chance of another. Economists are worried that the disruption coming from the US is a powerful headwind. The median forecast in Bloomberg's survey sees the economy contracting this quarter and stagnating next. The Bank of Canada forecasts growth this year of 1.8% year-over-year. The median projection in Bloomberg's survey is for 1.2% and the IMF says 1.4%. The US dollar fell below CAD1.37 to reach its lowest level since last October. We suspect there is potential toward CAD1.3400. Spot: CAD1.3740 (CAD 1.3865) Median Bloomberg One-month forecast: CAD1.3900 (CAD1.4025) One-month forward: CAD1.3720 (CAD1.3856) One-month implied vol: 6.1% (6.4%) Australian Dollar: The Reserve Bank of Australia delivered its second quarter-point cut of the year in May, which brought its cash target rate to 3.85%. Governor Bullock acknowledged that a half-point cut was considered. The Australian dollar wobbled on the dovish cut but quickly recovered and returned toward the high for the year set in early May near $0.6515. The futures market is pricing around 2/3 the chance of quarter-point cut at the next RBA meeting in July. Between now and the end of the year, the market has three cuts fully discounted. The most important macroeconomic data that may influence the July decision include the employment report on June 19, the May CPI on June 25, and May household spending on July 4. A move above $0.6550 targets the $0.6700-$0.6750 area. Spot: $0.6430 ($0.6395) Median Bloomberg One-month forecast: $0.6400 ($0.6350) One-month forward: $0.6435 ($0.6400) One-month implied vol: 10.1% (11.0%) Mexican Peso: The US switch from encouraging near-shoring and friend-shoring to on-shoring threatens Mexico's economic strategy. The US is also threatening to tax worker remittances by non-Americans, and this threatens a key source of hard currency for Mexico. The economy is weak though after contracting by 0.6% in Q4 24, it eked out a 0.2% expansion in Q1 25. The central bank cut its forecast for 2025 growth to 0.1%, but this may prove to be too optimistic. The IMF warns of a 0.3% contraction this year, while the median forecast in Bloomberg's survey sees a stagnant economy. The central bank has delivered three half-point rate cuts this year and is set to deliver another when it meets on June 26 (which will bring the overnight target rate to 8.0%), even though headline inflation is moving above the 3% +/-1% target. Nevertheless, the peso continues to demonstrate impressive resilience. With nearly 1.7% appreciation in May, the peso rose by nearly 8% this year against the dollar and reached its best level in seven months. There is scope for additional gains, partly fueled, it appears, by short dollar/long peso carry trades. Near-term technical potential exists for the dollar toward MXN19.00. Spot: MXN19.4375 (MXN19.5050) Median Bloomberg One-month forecast: MXN19..5285 (MXN19.9870) One-month forward: MXN19.5125 (MXN19.4840) One-month implied vol: 10.6% (11.5%) Chinese Yuan: Contrary to conventional wisdom that anticipated a significant depreciation of the yuan to offset the US punitive tariffs, the yuan strengthened. In fact, by late May, the yuan was trading at six-month highs against the US dollar. Our working hypothesis remains that Beijing does not want a weak or strong yuan, but one that is broadly stable against the US dollar. This broad stability against the greenback means that in the current weak US dollar environment, the yuan tends to gain competitive advantage against most of its other trading partners. The PBOC reduced key rates and reserve requirements last month. It also provided more liquidity through the one-year medium-term lending facility. More fiscal efforts to support domestic demand appear needed for the 5% GDP target to be reached, especially given the still high tariffs the US is imposing and other efforts to lock China out of supply chains. Many observers attribute China's economic challenges to under-consumption but consumption has been rising at compounded annual growth rate of around 8% since at least the Great Financial Crisis. The reason that consumption has not accounted for a large share of GDP is that investment has risen slightly faster. Over-investment ripples through nearly every sector to which China's industry turns. Chinese businesses, however, compete for market share more so than profits. Spot: CNY7.1990 (CNY7.2870) Median Bloomberg One-month forecast: CNY7.2500 (CNY7.3320) One-month forward: CNY7.1725 (CNY7.2135) One-month implied vol: 4.6% (4.8%) Disclaimer

Africa crypto news: A High Court in Gauteng, South Africa, rules that crypto is free from exchange controls. Kenya will host a crypto conference in June. Blockchain.com is setting up an office in Nigeria. South African crypto holders got a major reprieve after the High Court said tokens, including some of the best cryptos to buy now, are not subject to exchange control regulations. Meanwhile, crypto stakeholders in Kenya are ready for a blockchain conference in mid-June. Binance will be the main sponsor. On the West African coast, Blockchain.com is set to open an office in Nigeria as part of a continent-wide expansion drive. Let’s explore the major crypto stories on the African continent this week: South Africa Crypto News: Tokens Not Subject to Exchange Controls A High Court in Pretoria, South Africa, has ruled that cryptos do not qualify as “capital” under the country’s exchange control regulations. South Africa has strict exchange control regulations, requiring regulatory approval to export specific types of capital. Classifying crypto as capital for exchange control would have been problematic, given its borderless nature. Crypto traders no longer need the South African Reserve Bank (SARB) approval before moving crypto from crypto money service providers in the country to international options. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in May 2025 Kenya Crypto News: Blockchain Conference Set for June The Kenya Blockchain and Crypto Conference is scheduled for June 12 and 13 in Nairobi. This conference will gather over 1,500 industry stakeholders across Africa as Kenya continues to become an important hub for crypto commerce. With over 5 years of experience building mobile and backend systems in fintech and Web3, Renny Langat is helping redefine how decentralized technologies integrate with real-world systems. As a co-founder at Jua Labs, advisor at @ADAMUR_R, and an engineer at @lipad_io, he’s… pic.twitter.com/Eq9X6gFw2J — Kenya Blockchain & Crypto Conference (@KBCC_01) May 29, 2025 The event will bring together regulators, developers, investors, and policy experts to explore ways to boost regional adoption and innovation. Binance, which lists some of the next 1000X cryptos, is a notable sponsor of the event, which will allow other crypto platforms to showcase their services. Kenyan legislators are also debating a Virtual Assets Service Providers (VASP) bill that could shape the country’s crypto adoption. This conference will be a chance for industry stakeholders to contribute to making this legislation fit for purpose. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now Africa Crypto News: Blockchain.com Expands UK crypto exchange Blockchain.com is set to expand to multiple African countries and open a physical office in Nigeria. The exchange states that growing regulatory clarity on the continent drives its expansion into Africa. Nigeria, Ghana, and South Africa have taken steps in the regulatory landscape. Ghana will enact legislation later this year to govern the industry per international best practices. Meanwhile, Nigeria enacted legislation on securities governing the crypto sector earlier this year. Blockchain.com will become the first foreign crypto exchange to establish a presence in Nigeria, signaling confidence after Nigeria’s public dispute with Binance last year. BREAKING NEWS : Binance set to exit Nigerian market, ceases provision of services in local currency. The platform has informed users that any remaining NGN balances will be automatically converted to Tether (USDT) stablecoin after March 8. Users are advised to withdraw, trade… pic.twitter.com/eXlmfeft63 — Nigeria Stories (@NigeriaStories) March 5, 2024 Opening a physical office is a vote of confidence in the Nigerian market and, by extension, multiple African countries. DISCOVER: 7 High-Risk High-Reward Cryptos for 2025 Africa Crypto News: South Africa Court Ruling, Blockchain.com Nigeria South Africa crypto news: High Court rules that cryptos are exempt from exchange control regulations Kenya crypto news: Binance is backing a crypto event scheduled for mid-June 2025 in Nairobi, Kenya Nigeria crypto news: Blockchain.com is expanding in Africa. Will set up a physical office in Nigeria The post Africa Crypto News in Review: South Africa Court Backs Crypto, Kenya to Host Blockchain Conference, Blockchain.com In Nigeria appeared first on 99Bitcoins.

Bitcoin just reminded everyone that it’s still the wild child of the financial world. After flirting with record highs earlier this month, the price nosedived to around $104,000 on May 30, wiping out billions in value overnight. The move blindsided traders, triggered massive liquidations, and put a serious dent in BlackRock’s headline-making Bitcoin ETF. It took just 24 hours for $827 million to be liquidated, showing how quickly crypto sentiment can flip. Over $800 Million Gone in a Flash More than $827 million worth of crypto bets were liquidated in just 24 hours. Most of those were long positions, meaning people were counting on the market to keep climbing. Instead, it dropped fast. Once the selling started, it fed on itself. Leverage disappeared, accounts got wiped, and prices kept sliding. BITCOIN DIPS AS WHALES FACE LIQUIDATION Bitcoin pulls back sharply with $841 million liquidated in the past 24 hours. James Wynn’s high-profile 40x BTC long is now at risk, while Dogecoin leads altcoin losses in the red zone. Source: @BTCTN pic.twitter.com/CTIeHmQ0wu — Crypto Town Hall (@Crypto_TownHall) May 31, 2025 It wasn’t just Bitcoin feeling the pain. Ethereum dropped below $2,630. Dogecoin got hit harder, falling nearly 10 percent to under 20 cents. The total crypto market lost about $160 billion in a single day. BlackRock’s Bitcoin ETF Takes a Bruise BlackRock’s iShares Bitcoin Trust (IBIT) had been on a winning streak. It raked in more than $6.3 billion in May alone and climbed into the top tier of global ETFs. Just a few days ago, it looked unstoppable. Then Bitcoin tanked, and IBIT got dragged down with it. That’s the catch with a spot ETF tied directly to Bitcoin’s price. It flies high when things are good, but it can just as easily nosedive when the market turns. For now, IBIT is still sitting on tens of billions in assets. But this dip is a wake-up call for investors who might have thought the hard part was over. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in May 2025 Trump’s China Move Adds to the Chaos This market mess didn’t happen in a vacuum. President Trump reignited U.S.-China tensions this week by announcing fresh tariffs on Chinese imports. He accused China of breaking a trade deal by holding back rare earth exports, which are key for everything from tech gear to electric cars. - Price Market Cap - - - 24h 7d 30d 1y All Time Log That news sent a chill through global markets. Stocks dropped, commodities slipped, and crypto joined the panic. It’s not the first time Bitcoin has reacted to geopolitical drama, but it definitely helped push things over the edge. Short-Term Pain or the Start of Something Bigger? Some think this is just a cooldown after Bitcoin’s recent run-up. Others aren’t so sure. It’s hard to ignore the timing. A big sell-off, massive liquidations, and global headlines about tariffs and trade wars? That combo is enough to shake even confident hands. James Toledano from Unity Wallet said the pullback might be healthy, but warned that volatility like this shows how quickly things can unravel when confidence dips. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now What to Watch Next The million-dollar question now is whether this is a blip or the beginning of a longer slump. Bitcoin has bounced back before, sometimes within days. Other times, corrections have dragged out for months. One thing’s clear though. For anyone thinking Bitcoin had finally matured into a quiet, stable asset, this week just laughed in their face. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Over $827 million in crypto positions were liquidated in 24 hours as Bitcoin dropped to $104,000 on May 30. Long positions took the biggest hit, with traders expecting the rally to continue before the sharp reversal wiped them out. BlackRock’s Bitcoin ETF, which saw record inflows in May, took a hit as the spot BTC price tanked. Trump’s new tariffs on China added fuel to the sell-off, rattling global markets and putting extra pressure on crypto. Analysts are divided on whether this is a short-term correction or the start of a deeper Bitcoin slump. The post Over $800M Liquidated as Bitcoin Price Falls Hard appeared first on 99Bitcoins.