Bitcoin traded at $104,391 on June 2, 2025, with a market capitalization of $2.074 trillion and a 24-hour trading volume of $20.70 billion. The intraday price fluctuated between $103,939 and $105,804, revealing a tight consolidation range after a pullback from recent highs. Bitcoin The daily chart indicates that bitcoin is navigating a cooling period after […]

Bitcoin Price Watch: Bulls and Bears Battle at $104K Support Zone

Stablecoins have quietly exploded into a multi-billion-dollar payments 
juggernaut, with several businesses leading the charge – and Tether dominating 
the field. Artemis, Castle Island, Dragonfly Study: Stablecoin Monitoring 
Shows Several Unique Trends Stablecoin payments totaled $94.2 billion from 
January 2023 through February 2025, according to a new industry study. The 
research, conducted by analytics firm […]

Report: Tether’s USDT Dominates Stablecoin Payment Market, Tron Most-Used Chain

Bitcoin’s price is still struggling to regain its upward momentum following 
the establishment of a new all-time high above $111,000 last week. Today, 
Bitcoin trades below $106,000 with a current trading price of $105,381, 
marking a 1.2% increase in the past day and a 5.8% decrease from its peak. The 
current movement suggests a cooling-off period as traders and analysts monitor 
for potential market reentry points. Despite the price retreat, the mood 
across the market remains relatively stable, with the Crypto Fear &amp; Greed 
Index still hovering in the neutral zone. This suggests that the market is yet 
to enter the euphoric stage typically associated with aggressive buying 
sprees. While the immediate trend appears sideways, analysts are beginning to 
highlight certain technical and on-chain signals that may shape Bitcoin’s 
short-term trajectory. Related Reading: Bitcoin Warning Signs? Long-Term 
Holders Exit While Retail Buyers Rush In Bitcoin Short-Term Investors Watch 
$96.7K as Critical Support A recent assessment by an on-chain contributor to 
CryptoQuant’s QuickTake platform, known as abramchart, identifies $96,700 as a 
crucial level of interest. This figure aligns with the average acquisition 
price for short-term holders, making it a potential rebound zone if Bitcoin 
experiences a further dip. According to the analyst, this support may serve as 
a trigger point for renewed buying interest should a correction continue to 
unfold. Additionally, rising Bitcoin dominance is placing pressure on 
alternative cryptocurrencies, including Ethereum. The analyst notes that 
corrections in Bitcoin often redirect capital away from altcoins, potentially 
weakening their short-term performance. In this context, the broader crypto 
market may experience liquidity fragmentation until Bitcoin reestablishes 
directional clarity. Abrahchart wrote: If liquidity is available, it is 
advisable to wait and observe market movements, with the possibility of 
entering new positions after the anticipated correction completes. 
Accumulation Activity Suggests Institutional Involvement In a separate insight 
shared on CryptoQuant, another analyst, Mignolet, highlights a notable 
relationship between movements in Bitfinex’s Bitcoin reserves and price 
action. Historically, declining reserves on Bitfinex have often preceded 
upward trends in Bitcoin’s price, suggesting these outflows may signal 
increased accumulation. On the latest occasion, around 24,000 BTC were 
transferred to two wallets, one of which has been officially identified by 
Bitfinex and Tether CEO Paolo Ardoino as belonging to 21 Capital (XXI), a 
Tether-backed entity. The second wallet involved in receiving 14,000 BTC was 
not formally disclosed, but timing and transaction behavior suggest a similar 
purpose. Unlike earlier transactions often linked to cold storage adjustments, 
these movements appear to reflect strategic acquisitions. Related Reading: 
Analyst Suggests Altcoin Recovery May Follow Bitcoin’s Final Cycle 
Stage—Here’s Why This level of accumulation, particularly by a known Tether- 
affiliated entity, adds another dimension to Bitcoin’s current price 
narrative. As institutional players position themselves, retail participants 
may find additional confirmation of long-term interest in the asset despite 
short-term fluctuations. Featured image created with DALL-E, Chart from 
TradingView

Bitcoin Pauses Below $106K as Analyst Reveals Key Support Level To Watch

The Bitcoin supply held by whale entities has declined by 40% over the past 
eight years as profit-taking continues.

Bitcoin profit-taking underway as ‘big whales’ continue sell-off

Dogecoin started a fresh decline from the $0.2250 zone against the US Dollar. 
DOGE is now consolidating losses and might recover if it clears $0.20. DOGE 
price started a fresh decline below the $0.220 and $0.20 levels. The price is 
trading below the $0.20 level and the 100-hourly simple moving average. There 
is a connecting bullish trend line forming with support at $0.1910 on the 
hourly chart of the DOGE/USD pair (data source from Kraken). The price could 
start a fresh increase if it clears the $0.20 resistance zone. Dogecoin Price 
Holds Support Dogecoin price started a fresh decline after it failed to clear 
the $0.2450 zone, unlike Bitcoin and Ethereum. DOGE declined below the $0.220 
and $0.20 levels. The bears even pushed the price below the $0.1920 level. A 
low was formed at $0.1855 and the price is now consolidating losses. There was 
a minor increase above the 23.6% Fib retracement level of the downward move 
from the $0.2279 swing high to the $0.1855 low. Dogecoin price is now trading 
below the $0.20 level and the 100-hourly simple moving average. There is also 
a connecting bullish trend line forming with support at $0.1910 on the hourly 
chart of the DOGE/USD pair. Immediate resistance on the upside is near the 
$0.20 level. The first major resistance for the bulls could be near the 
$0.2060 level. It is close to the 50% Fib retracement level of the downward 
move from the $0.2279 swing high to the $0.1855 low. The next major resistance 
is near the $0.2120 level. A close above the $0.2120 resistance might send the 
price toward the $0.2250 resistance. Any more gains might send the price 
toward the $0.2340 level. The next major stop for the bulls might be $0.250. 
More Losses In DOGE? If DOGE’s price fails to climb above the $0.20 level, it 
could start another decline. Initial support on the downside is near the 
$0.1910 level and the trend line. The next major support is near the $0.1850 
level. The main support sits at $0.1720. If there is a downside break below 
the $0.1720 support, the price could decline further. In the stated case, the 
price might decline toward the $0.1650 level or even $0.1550 in the near term. 
Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing 
momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI 
for DOGE/USD is now above the 50 level. Major Support Levels – $0.1910 and 
$0.1855. Major Resistance Levels – $0.2000 and $0.2060.

Dogecoin (DOGE) Consolidates Losses — Can Meme Coin Mania Make a Comeback?

Binance is skyrocketing past 275 million users, fueling a global crypto 
revolution with blistering adoption rates, real-world utility, and dominance 
in digital financial infrastructure. 275 Million and Rising—Binance Solidifies 
Dominance in Explosive Digital Finance Boom Cryptocurrency exchange Binance 
announced on June 2 that it has reached a major milestone in user growth, 
underscoring its accelerating […]