If you’ve ever dreamed of having your Solana wallet on your wrist as a stylish statement of your wealth, Swiss watchmaker Franck Muller is bringing that vision to life. The watch...
Read moreIf you’ve ever dreamed of having your Solana wallet on your wrist as a stylish statement of your wealth, Swiss watchmaker Franck Muller is bringing that vision to life. The watch market is delving into the Web3 ecosystem with a limited-edition series of Solana-inspired watches that feature an embedded unique QR code linking directly to the user’s Solana address. The collection is limited to 1,111 units, with each watch priced at 20,000 Swiss francs (approximately $24,300).
However, while the design of these watches may appeal to participants in the Solana ecosystem, their release comes at a time when displaying crypto-related wealth can pose risks. The cryptocurrency industry has witnessed numerous physical attacks this year, including a notable incident where the daughter and grandson of Paymium CEO Pierre Noizat were targeted in a daytime kidnapping attempt.
This risky environment highlights the dangers of flaunting one’s wealth in the crypto space, as seen in other incidents where individuals connected to the industry have been abducted and harmed. Despite Franck Muller’s description of the watch collection as a “phygital” symbol of identity and ownership in the crypto age, investors may want to think twice before showcasing these collectibles.
For more insights on the darker side of the crypto world, you can read, “Major Wake-Up Call’: How $400M Coinbase Breach Exposes Crypto’s Dark Side.”
Global economic uncertainties and trade policy shifts are causing waves in cryptocurrency markets, but Dogecoin is standing strong despite recent downward pressure. The meme coin has formed a clear bearish channel...
Read moreGlobal economic uncertainties and trade policy shifts are causing waves in cryptocurrency markets, but Dogecoin is standing strong despite recent downward pressure. The meme coin has formed a clear bearish channel with resistance at $0.236, yet strong buying at support levels suggests that investors are still confident despite wider market worries.
Technical analysis of Dogecoin highlights include:
– DOGE experienced a notable downtrend in the last 24 hours, dropping from 0.238 to 0.227, a range of 0.015 (6.3%).
– A bearish channel has formed with resistance at 0.236 and support around 0.224.
– There was a surge in high-volume buying at 23:00, with 643M in volume—well above the 24-hour average.
– After reaching a low point in the cycle, DOGE has settled into a consolidation pattern between 0.227-0.230, showing reduced volatility.
– Recent volatility has seen DOGE with a downward bias, falling from 0.229 to 0.227 in the last hour (a 0.87% decline).
– The price action indicates lower highs and lower lows, with noticeable selling pressure at 13:35 and 13:56.
– Temporary support formed at 0.227, with buyers stepping in at 14:01, leading to the hour’s highest volume of 4.5M.
External references for Dogecoin include articles from NewsBTC and The Crypto Basic discussing potential price movements and market trends.
Tags:ADAAIAmericaBinanceCryptoDOGEDonald TrumpEUmemecoinTrumpUnited StUnited StatesUSWorld Liberty Financial
During Justin Sun’s last visit to the United States, he held the title of Grenada’s WTO ambassador and faced challenges with former President Biden’s stance on cryptocurrency. However, times have changed...
Read moreDuring Justin Sun’s last visit to the United States, he held the title of Grenada’s WTO ambassador and faced challenges with former President Biden’s stance on cryptocurrency. However, times have changed since then. Sun now finds himself attending a gathering hosted by President Donald Trump for the top holders of his TRUMP memecoin. This event marked a pivotal moment as issuers are considering the possibility of a Tron ETF, indicating a significant shift in the cryptocurrency landscape in America.
In an exclusive conversation with our team at The Parrot Press following the Presidential dinner, Sun refuted claims that the token is utilized for bribery. He dismissed skeptics and highlighted Trump’s endorsement of crypto as a catalyst for a new wave of digital asset innovation in the country.
Sun’s ties to Trump’s crypto ventures date back to the period immediately following last year’s election when he invested up to $75 million in World Liberty Financial tokens. Additionally, the Securities and Exchange Commission (SEC) halted a civil fraud case against Sun and Binance once Trump assumed office. Despite ongoing investigations, the support from Trump and his affiliates has positioned the U.S. as a prominent player in the global crypto arena.
Critics have not shied away from condemning Trump’s decision to introduce a memecoin, with some attempting to connect token holders to white nationalism. Sun countered these allegations, emphasizing the fundamental right to freedom of speech under the First Amendment.
While meme coins have faced skepticism, Sun sees them as a valid component of the digital asset market. He referenced tokens like DOGE and SHIB as success stories that have facilitated widespread adoption of cryptocurrencies. Sun views memecoins as opportunities for entrepreneurship, acknowledging that not all ventures will thrive but emphasizing their value in driving innovation within the industry.
As major cryptocurrencies reach new highs, attention is focusing on the potential for strong moves among the top coins. Bitcoin reached almost $111,000 this week before experiencing a slight pullback due...
Read moreAs major cryptocurrencies reach new highs, attention is focusing on the potential for strong moves among the top coins. Bitcoin reached almost $111,000 this week before experiencing a slight pullback due to profit-taking. Other tokens like Cardano’s ADA, dogecoin DOGE, and Solana’s SOL saw gains of up to 4%, while ether ETH, XRP, and BNB Chain’s BNB rose less than 1.5%.
The CoinDesk 20 (CD20), which tracks the largest tokens by market cap, rose 1.2% in the last 24 hours. Bitget Research’s Chief Analyst, Ryan Lee, noted that a decline in bitcoin dominance could spark an alt season, benefiting coins like XRP and Solana. Lee highlighted XRP’s regulatory clarity and recent technical breakout patterns as reasons for traders to anticipate a potential move towards $3-$8 in the medium term.
The recent golden cross between XRP and BTC on the weekly chart suggests a bullish trend reversal may be underway for XRP. SOL might rise towards $220-$300 due to ETF speculation, while ADA shows potential for a breakout between $1 and $3. Singapore-based QCP Capital emphasized that BTC’s recent move confirmed a solid trend supported by improved fundamentals and low volatility.
Despite the positive outlook, macro risks such as tariff concerns, rising U.S. yields, and a stronger dollar could introduce volatility into the market, especially for altcoins. Traders are advised to focus on assets with strong fundamentals and clear regulatory narratives to mitigate risks. FxPro’s Alex Kuptsikevich mentioned that bitcoin’s sentiment index is close to “extreme greed,” suggesting the rally may have more room to grow in the near future.
In the lead-up to U.S. President Donald Trump’s memecoin dinner, Congressional Democrats are taking a stand with lawsuits, legislation, and planned protests. Trump recently announced that he would host a dinner...
Read moreIn the lead-up to U.S. President Donald Trump’s memecoin dinner, Congressional Democrats are taking a stand with lawsuits, legislation, and planned protests. Trump recently announced that he would host a dinner at the Trump National Golf Club for the top 220 holders of his $TRUMP memecoin. This led to a surge in token purchases as individuals sought invites to the event.
Critics have voiced concerns about potential corruption, highlighting the fact that foreign buyers could be indirectly donating money to the president through token purchases. The lack of transparency surrounding the attendees of the dinner has also raised suspicions. Tron creator Justin Sun has been vocal about being the top holder of the token, sparking further controversy.
Sen. Richard Blumenthal has spoken out against the dinner, likening it to an auctioning of access to the White House. He has suggested that legal action may be necessary to address concerns about foreign gifts or payments to the president. Other Members of Congress have supported this stance, with a letter calling for an investigation into the event citing potential corruption and violations of the emoluments clause.
Representative Maxine Waters has introduced new legislation, the Stop TRUMP in Crypto Act, which aims to make the president’s crypto dealings explicitly illegal. Waters has criticized Trump for exploiting his position for personal gain through crypto ventures.
Democratic Senators, including Elizabeth Warren and Jeff Merkley, have demanded transparency regarding the dinner attendees and have raised concerns about foreign influence in the event. They have held press conferences and protests to highlight these issues and push for accountability.
Overall, the backlash from Democrats against Trump’s memecoin dinner illustrates the ongoing debate within the party about cryptocurrency and political ethics. The situation has sparked calls for legal action, legislation, and public scrutiny of the president’s actions.
Tags:AIAmericaAppleBinanceBlackrockCryptoEUEuropeFinancegoldRobinhoodS&P 500solanaStocksTeslaTradingUS
Kraken is set to introduce tokenized shares of popular U.S. stocks such as Nvidia, Apple, and Tesla, as well as over 50 other stocks and exchange-traded funds (ETFs), according to a...
Read moreKraken is set to introduce tokenized shares of popular U.S. stocks such as Nvidia, Apple, and Tesla, as well as over 50 other stocks and exchange-traded funds (ETFs), according to a report by the Wall Street Journal.
These tokenized assets, named “xStocks,” will be built on the Solana SOL blockchain and will be open for trading 24/7 to investors globally. Some of the ETFs included in this offering are the SPDR S&P 500 ETF (SPY) and the SPDR Gold Shares (GLD).
Backed Finance will hold the real shares representing the stocks, allowing investors to redeem them at a 1:1 ratio for their cash value.
In April, Kraken initially unveiled over 11,000 U.S.-listed stocks and ETFs for trading in 10 states through its subsidiary Kraken Securities. This recent expansion now includes tokenized versions of more than 50 stocks and ETFs available to customers outside of the U.S., starting with regions like Europe, Latin America, Africa, and Asia.
Kraken’s move places it in direct competition with platforms like Robinhood (HOOD) and makes it the first exchange to successfully offer tokenized shares of major U.S. stocks. Binance previously attempted to launch tokenized U.S. stocks in 2021 but eventually abandoned the plans due to regulatory uncertainty.
A spokesperson from Kraken mentioned to the Wall Street Journal that the exchange is actively collaborating with regulators to ensure the legal offering of xStocks in each jurisdiction, taking into account the varying regulatory landscapes.
Tokenization, the process of converting real-world assets into blockchain tokens, has gained popularity in the crypto sphere. Companies like Ondo Finance, BlackRock, and Franklin Templeton have been early adopters of tokenization, contributing to the overall tokenization market reaching a market cap of $65 billion as of May.
Last week, the Consensus Toronto 2025 event took place. If you missed it, don’t worry, as you can catch up on all the amazing insights shared by global thought leaders in...
Read moreLast week, the Consensus Toronto 2025 event took place. If you missed it, don’t worry, as you can catch up on all the amazing insights shared by global thought leaders in the digital asset space on day 1, day 2, and day 3 through CoinDesk’s coverage. You can also read more about it in the editorial coverage provided.
In today’s Crypto for Advisors feature, Shivani Phull from Pixelynx discusses how Black Mirror is utilizing blockchain to enhance fan content and engagement. Following that, Eric Tomaszewski from Verde Capital Management answers questions about the appeal of these products to the next generation of investors in Ask an Expert.
This week’s newsletter is sponsored by Grayscale, who is hosting an exclusive event, Crypto Connect, near Boston on Thursday, June 5. To learn more about this event, click here.
– Sarah Morton
Storytelling is evolving with the convergence of AI, blockchain, and intellectual property. Black Mirror’s experimentation with blockchain is leading the way for the future of entertainment monetization.
Traditional storytelling is no longer meeting the expectations of digital-native audiences. The rise of new technologies is reimagining how entertainment intellectual property is created and consumed.
Blockchain is revolutionizing the entertainment industry by providing a new layer of structure. It enables on-chain IP verification, composable rights, community ownership, and tokenized incentives for creators and fans.
Black Mirror has partnered with Pixelynx Inc. and KOR Protocol to bring the Black Mirror universe on-chain. Their latest initiative involves a token inspired by the Nosedive episode, where fans can earn exclusive experiences and rewards based on their social and wallet interactions.
The future of entertainment lies in embracing blockchain technology to create interactive, tokenized, and on-chain content. This shift marks the beginning of a new era for intellectual property – one defined by protection, participation, and sustainable monetization.
– Shivani Phull, CFO, Pixelynx Inc.
In Ask an Expert:
– Web3 ownership is more about participating in a system than just holding an asset.
– Reputation-based tokens can create economic value from behavior but introduce performance-based risk.
– These tokens can act as a new form of engagement yield for younger investors.
– Eric Tomaszewski, financial advisor, Verde Capital Management
For more industry news, check out the latest updates:
– JP Morgan to enable clients to invest in bitcoin.
– Robinhood to acquire Canadian crypto firm Wonderfi.
– The U.S. Senate advances stablecoin legislation with the GENIUS Act.
– Digital Assets: Month in Review, with insights on the crypto markets and ETF/ETP flows from Joshua de Vos of CoinDesk.
World Liberty Financial, a cryptocurrency project with ties to U.S. President Donald Trump’s family, made headlines on Wednesday with the announcement of its acquisition of BUILDon (B). This news caused a...
Read moreWorld Liberty Financial, a cryptocurrency project with ties to U.S. President Donald Trump’s family, made headlines on Wednesday with the announcement of its acquisition of BUILDon (B). This news caused a significant 1,340% surge in the BNB Chain token.
The decision to purchase BUILDon came after the project revealed its plans to utilize WLFI’s USD1 stablecoin for real-world applications.
In a social media post, World Liberty Financial expressed their support for the BUILDon team by purchasing $B tokens. The post highlighted the benefits of choosing $USD1 as a base pair, citing faster settlement, deeper liquidity, and continued growth.
According to data from Arkham, World Liberty Financial currently holds 636,000 B tokens, valued at $172,000.
Prior to the acquisition, the B token had a market cap of approximately $40 million and was seeing less than $100 million in daily trade volume. However, following World Liberty Financial’s announcement, the trade volume in the past 24 hours soared to over $1.2 billion.
Most of this trading activity has been happening on the decentralized exchange Pancakeswap, which is BNB Chain’s equivalent of Uniswap. Notably, the token is not yet available on major exchanges.
Texas is edging closer to establishing a strategic bitcoin (BTC) reserve after a senate bill to create one was approved by the lower house. The state’s House of Representatives voted in...
Read moreTexas is edging closer to establishing a strategic bitcoin (BTC) reserve after a senate bill to create one was approved by the lower house. The state’s House of Representatives voted in favor of Senate Bill 121 which would establish a “Texas Strategic Bitcoin Reserve for the purpose of investing in cryptocurrency and the investment authority of the comptroller of public accounts over the reserve and certain other state funds.” The bill, which passed in a 101-42 vote, now awaits a concurrence vote from the Senate following House amendments before passing to Governor Greg Abbott’s desk for a final sign-off.
If approved, Texas would become the second state to establish a strategic reserve for digital assets after New Hampshire. In a similar scenario, an equivalent vote in Arizona made it to the governor but was vetoed by Katie Hobbs, who referred to bitcoin as an “untested investment.” However, she has since enacted a similar bill permitting the state to hold abandoned digital assets as unclaimed property.
Tags:ADAAIAmericaBinancebitcoinbtcCanadaCoinbaseCryptoDonald TrumpdubaiETHEUFinancegoldGovernmentHealthIranJapanminerMoving AverageS&P 500StocksStrategyTradingtrillionTrumpUSWashington
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin BTC surpassed Wednesday’s record to reach an all-time high of $111,875 in the early hours of Thursday, as traditional financial markets...
Read moreBy Francisco Rodrigues (All times ET unless indicated otherwise)
Bitcoin BTC surpassed Wednesday’s record to reach an all-time high of $111,875 in the early hours of Thursday, as traditional financial markets contended with rising bond yields and renewed concerns over ballooning U.S. debt.
The largest cryptocurrency has gained around 3.8% in the last 24 hours while the broader CoinDesk 20 CD20 index rose 4.74%, continuing a trend of strength driven by mounting institutional demand and growing interest in crypto exposure.
The rally is unfolding against a backdrop of higher yields on U.S. and Japanese government bonds. The 10-year U.S. Treasury yield rose to 4.6%, while the 30-year topped 5%, driven by concerns over President Donald Trump’s tax bill that analysts estimate could add as much as $5 trillion to the country’s debt, according to Reuters.
In Japan, yields on 30- and 40-year government bonds also hit record highs. The country’s debt-to-GDP ratio stands at 234%, QCP Capital said, and growing scrutiny coupled with weak demand for long-dated JGBs sent yields soaring.
That matters because higher yields — and thus higher returns — on investments that are considered relatively safe tend to lower the appeal of riskier assets like stocks, not to mention cryptocurrencies. While BTC, with its history of trading as a risky asset, hasn’t shown much sign of ebbing demand, it raises the question of how long the rally can continue.
Still, traders have been building large long positions in BTC options, with the most open interest now concentrated at the $110,000, $120,000 and even $300,000 calls for contracts expiring in late June in a sign of continuing bullish conviction.
U.S.-traded spot bitcoin exchange-traded funds have also been seeing significant demand. Total net inflows hit $1.6 billion over the week, and $4.24 billion so far in May, SoSoValue data shows. The inflows, coupled with bitcoin’s price rise, have seen the ETFs’ total net assets hit a record $129 billion.
There are, however, some muted signs of bearish activity.
“The largest block flow this week continues to be ETH December call spreads, while overnight BTC butterfly positions hint that some traders are positioning for consolidation around current levels,” Wintermute OTC trader Jake O. said.
Note, he’s talking about consolidation, not declines. And traditional participants may even be too bearish. While the U.S. endured a recent credit downgrade, markets are now pricing in a 6-level cut all the way down to BBB+.
On top of that, per Jake O., a recent equities market sell-off may not be a result of repositioning given higher bond yields, but rather profit-taking after nine consecutive positive sessions. Stay alert!
What to Watch
Crypto
May 22: Bitcoin Pizza Day.
May 22: Top 220 TRUMP token holders will attend a gala dinner hosted by the U.S. president at the Trump National Golf Club in Washington.
May 30: The second round of FTX repayments starts.
May 31 (TBC): Mezo mainnet launch.
Macro
Day 3 of 3: Canadian Finance Minister François-Philippe Champagne and Bank of Canada Governor Tiff Macklem will co-host the three-day meeting of G7 finance ministers and central bank governors in Banff, Alberta.
May 22, 8 a.m.: Mexico’s National Institute of Statistics and Geography releases (final) Q1 GDP growth data.
May 22, 8:30 a.m.: Statistics Canada releases April producer price inflation data.
May 22, 8:30 a.m.: The U.S. Department of Labor releases unemployment insurance data for the week ended May 17.
May 23, 8:30 a.m.: Statistics Canada releases (Final) March retail sales data.
May 23, 10 a.m.: The U.S. Census Bureau releases April new single-family homes data.
Earnings (Estimates based on FactSet data)
May 28: NVIDIA (NVDA), post-market, $0.88
Token Events
Governance votes & calls
Arbitrum DAO is voting on launching “The Watchdog,” a 400,000-ARB bounty program to reward community sleuths for uncovering misuse of the hundreds of millions in grants, incentives and service budgets the DAO has deployed. Voting ends May 23.
Lido DAO is voting on adopting Dual Governance (LIP-28), a protocol upgrade that inserts a dynamic timelock between DAO decisions and execution so stETH holders can escrow tokens to pause proposals at 1% of TVL or fully block and “rage-quit” at 10%. Voting ends May 28.
Arbitrum DAO is voting on a constitutional AIP to upgrade Arbitrum One and Arbitrum Nova to ArbOS 40 “Callisto,” bringing them in line with Ethereum’s May 7 Pectra upgrade. The proposal schedules activation for June 17, and voting ends on May 29.
May 22: Official Trump to announce its “next Era” on the day of the dinner for its largest holders.
June 10: Ether.fi to host an analyst call followed by a Q&A session.
Unlocks
May 31: Optimism (OP) to unlock 1.89% of its circulating supply worth $24.67 million.
June 1: Sui (SUI) to unlock 1.32% of its circulating supply worth $182.58 million.
June 1: ZetaChain (ZETA) to unlock 5.34% of its circulating supply worth $11.99 million.
June 12: Ethena (ENA) to unlock 0.7% of its circulating supply worth $16.78 million.
June 12: Aptos (APT) to unlock 1.79% of its circulating supply worth $61.86 million.
Token Launches
June 1: Staking rewards for staking ERC-20 OM on MANTRA Finance end.
June 16: Advised deadline to unstake stMATIC as part of Lido on Polygon’s sunsetting process ends.
Conferences
Day 3 of 7: Dutch Blockchain Week (Amsterdam)
Day 3 of 3: Avalanche Summit London
Day 3 of 3: Seamless Middle East Fintech 2025 (Dubai)
Day 2 of 2: Crypto Expo Dubai
Day 2 of 2: Cryptoverse Conference (Warsaw)
May 27-29: Bitcoin 2025 (Las Vegas)
May 27-30: Web Summit Vancouver
May 29: Stablecon (New York)
May 29-30: Litecoin Summit 2025 (Las Vegas)
May 29-June 1: Balkans Crypto 2025 (Tirana, Albania)
June 2-7: SXSW London
June 15-17: G7 2025 Summit (Kananaskis, Alberta, Canada)
June 19-21: BTC Prague 2025
Token Talk
By Shaurya Malwa
The HYPE token is in focus after a billion-dollar bitcoin trade boosted Hyperliquid’s fundamentals.
Pseudonymous trader James Wynn opened a $1.1 billion long on BTC using 40x leverage via Hyperliquid in one of the largest on-chain DEX trades ever recorded.
The position, tied to wallet “0x507,” was entered when BTC was priced at $108K and now sits on over $40 million in unrealized profit.
Wynn booked partial profits early Thursday by closing 540 BTC (~$60 million), to net $1.5 million.
His prior exits were followed by BTC declines, so traders are watching closely.
Hyperliquid runs on its custom L1, HyperEVM, using the HyperBFT consensus (200K+ TPS) with CEX-level features like real-time order books and deep liquidity — no KYC required.
The platform’s permissionless design and lightning-fast execution are increasingly drawing capital from centralized venues to DeFi , and this trade could set a precedent for whale activity.
HYPE jumped 15% in the past 24 hours on renewed attention and usage-driven speculation.
Derivatives Positioning
Analyzing the liquidations heatmap of the BTC-USDT pair on Binance, the largest liquidations cluster around $108.5K and $106.9K with liquidations worth $143 million and $112.5 million, respectively.
Meanwhile, the options market swells post-breakout, with open interest on Deribit climbing above $34 billion, just shy of the all-time high of $35.9 billion set in December. The bulk of this positioning is centered on the 30 May expiry, which now holds over $9 billion in notional value to become a key date for potential volatility.
Bullish sentiment is clearly in control, with traders aggressively targeting upside via calls. Strikes at $100K, $120K and $150K have attracted particularly large open interest, reflecting growing conviction in a continued rally.
Put/call ratios underscore this shift in sentiment — the 24-hour volume ratio has dropped to 0.49, while the open interest ratio sits at 0.60, indicating a meaningful tilt toward bullish exposure following BTC’s move above $110K.
Near-term options activity is also picking up, with weekly and monthly contracts seeing notable inflows. Traders appear to be positioning for further momentum or short-term price swings in the wake of the breakout.
Market Movements
BTC is up 1.19% from 4 p.m. ET Wednesday at $110,690.36 (24hrs: +4.05%)
ETH is up 6.19% at $2,662.72 (24hrs: +5.23%)
CoinDesk 20 is up 3.64% at 3,348.63 (24hrs: +4.88%)
Ether CESR Composite Staking Rate is unchanged at 3.03%
BTC funding rate is at 0.03% (10.95% annualized) on Binance
DXY is up 0.25% at 99.81
Gold is down 0.26% at $3,305.6/oz
Silver is down 0.83% at $33.17/oz
Nikkei 225 closed -0.84% at 36,985.87
Hang Seng closed -1.19% at 23,544.31
FTSE is down 0.68% at 8,726.62
Euro Stoxx 50 is down 0.96% at 5,402.31
DJIA closed on Wednesday -0.91% at 41,860.44
S&P 500 closed -1.61% at 5,844.61
Nasdaq closed -1.41% at 18,872.64
S&P/TSX Composite Index closed -0.83% at 25,839.17
S&P 40 Latin America closed -1.31% at 2,597.38
U.S. 10-year Treasury rate is down 2 bps at 4.58%
E-mini S&P 500 futures are unchanged at 5,865.50
E-mini Nasdaq-100 futures are up 0.15% at 21,188.50
E-mini Dow Jones Industrial Average Index futures are down 0.17% at 41,875.00
Bitcoin Stats:
BTC Dominance: 63.90 (-0.62%)
Ethereum to bitcoin ratio: 0.02409 (3.52%)
Hashrate (seven-day moving average): 875 EH/s
Hashprice (spot): $58.24
Total Fees: 7.89 BTC / $847,124
CME Futures Open Interest: 160,740 BTC
BTC priced in gold: 33.4 oz
BTC vs gold market cap: 9.47%
Technical Analysis
Bitcoin reached a new all-time high of $111,875 this morning, breaking decisively above the previous peak just above $109,000 set in January.
With a confirmed close above that level and no sign of a swing failure pattern, the bias remains firmly tilted toward continued upside. In the near term, BTC may encounter resistance around the $112,000–$113,000 range, aligning with a trendline drawn from the prior highs in December and January.
However, last week’s consolidation above $100,000 — and the successful reclaim of the previous all-time high — suggest this area is now acting as short-term support.
A pullback below $100,000, especially into the weekly order block, would likely represent a healthy correction within the broader uptrend and could offer a compelling reentry opportunity if further downside is seen.
Crypto Equities
Strategy (MSTR): closed on Wednesday at $402.69 (-3.41%), up 1.73% at $409.67 in pre-market
Coinbase Global (COIN): closed at $258.99 (-0.91%), up 2.78% at $266.20
Galaxy Digital Holdings (GLXY): closed at C$31 (+1.57%)
MARA Holdings (MARA): closed at $15.84 (-2.16%), up 4.42% at $16.54
Riot Platforms (RIOT): closed at $8.84 (-1.01%), up 3.39% at $9.14
Core Scientific (CORZ): closed at $10.78 (-1.28%), up 1.48% at $10.94
CleanSpark (CLSK): closed at $10.11 (+4.23%), up 4.65% at $10.58
CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $17.75 (-1.33%)
Semler Scientific (SMLR): closed at $44.89 (+7.19%), up 6.01% at $47.59
Exodus Movement (EXOD): closed at $32.76 (-5.07%), unchanged in pre-market
ETF Flows
Spot BTC ETFs:
Daily net flow: $607.1 million
Cumulative net flows: $43.35 billion
Total BTC holdings ~ 1.19 million
Spot ETH ETFs
Daily net flow: $0.6 million
Cumulative net flows: $2.61 billion
Total ETH holdings ~ 3.49 million
Source: Farside Investors
Overnight Flows
Chart of the Day
Top 20 digital assets’ prices and volumes
Chart of the day
Bitcoin adoption
