U.S. stock saw a volatile day after Trump brought good news on China talks.

Dow Jones inches higher on easing U.S.-China trade tensions, Tesla slides

Central banks are turbocharging their gold reserves in 2025 as global distrust 
in U.S. fiscal stability and dollar assets explodes. De-Dollarization Fuels 
Fourth Year of Massive Gold Buying by Central Banks Amid escalating global 
tensions and a concerted move away from U.S. dollar reliance, central banks 
are increasingly turning to gold as a strategic reserve […]

Central Banks Accelerate Gold Buying as De-Dollarization Heats up

Crypto Insight UK has doubled down on a forecast that XRP must endure one 
last, violent shakeout before launching toward a long-awaited $10 milestone. 
In his latest video, the British analyst warned that “the most dense liquidity 
I’ve seen in a long time for XRP” still sits uncollected beneath current spot 
prices. Until that pool is swept, he argues, the market will not unlock the 
upside move he ultimately expects to carry the token into double-digit 
territory. XRP Needs One Last Flush “XRP didn’t come down as low as we 
wanted,” he told viewers. “It did hit the first key area of liquidity, but it 
didn’t take it all. That makes me think we’ve got continued downside.” In his 
own trading plan, the analyst has resting bids at roughly $2.01 and $1.95—a 
zone he believes will be tested once leveraged longs capitulate. Only after 
that “final flush,” he contends, can a rally toward $10 begin in earnest. The 
call comes amid broader cross-asset strength that has so far failed to 
translate into a sustained altcoin breakout. Silver is challenging decade-old 
highs near $36 an ounce, uranium contracts are pressing their recent peaks, 
and the Nasdaq Composite remains within sight of its all-time high. Yet 
despite what he calls “a broad-based commodities rally,” the analyst maintains 
that crypto still needs one more washout to clear residual excess. Related 
Reading: What Happens To The XRP Price If The 2017 Fractal Plays Out Again? 
Macro-political drama, he suggests, is only accelerating that process. He 
cited the public clash between Elon Musk and US president Donald Trump—sparked 
by Trump’s proposal for a four-trillion-dollar spending bill and Musk’s claim 
that Trump’s name appears in sealed Epstein files—as a narrative that briefly 
rattled risk markets. “If it brings the price to where I want it to go, 
fantastic,” he said dryly. “That’s all we’re looking at here.” On Ethereum he 
sees a similar dynamic. Open interest in ETH futures remains at all-time 
highs, a sign in his view that institutions are accumulating spot while 
shorting derivatives to hedge—a trade that could unwind violently should ETH 
pierce the $2,800 level. “When we get this squeeze to the upside,” he 
predicted, “we’ll see a fast move back toward all-time highs for ETH, probably 
toward $4,500 before you know it.” Related Reading: The Worst Case For XRP 
This Cycle? Just A Giga Rally To $19, Says Analyst Bitcoin, for its part, has 
already waded into the analyst’s preferred liquidity zone just above $100,000. 
Whether the flagship asset needs another dip, he said, is less important than 
what happens to its dominance. A brief surge in bitcoin market share toward 
65.5% would, in his model, coincide with an XRP capitulation and set the stage 
for “crazy season,” his shorthand for a full-blown altcoin cycle. The hinge is 
XRP liquidity. Viewers were shown heat-map snapshots highlighting concentrated 
stop-loss orders beneath the May swing low. “People came long here after they 
thought, ‘Oh, the bottom’s in.’ That’s added to this liquidity below us,” he 
said. Until that layer is removed, he remains “80% sure” that price will probe 
lower—even though his own portfolio is almost entirely in spot XRP. “I’m on 
the side of wanting it to go,” he acknowledged. “If it goes up now, I’m happy. 
But I’d be highly surprised if we don’t get that push down.” Still, his end- 
point is unequivocally bullish. Once the liquidity has been harvested, he 
foresees a textbook bullish divergence on the daily relative-strength 
index—“lower low on price, higher low on RSI”—that would ignite what he calls 
the “next big push.” In that scenario, XRP would not merely revisit its 2021 
peak near $3.80; it would overshoot to the analyst’s long-standing $10 target. 
“Let it send,” he concluded. At press time, XRP traded at $2.17. Featured 
image created with DALL.E, chart from TradingView.com

XRP Must Crash First—Then Comes The $10 Rally, Says Analyst

Binance research highlights a powerful wave of institutional crypto adoption, 
fueled by SEC clarity, ETF innovation, and Circle’s IPO reshaping Wall 
Street’s digital asset strategy. Binance Flags Institutional Crypto Boom as 
ETFs Rise, Circle Lists, and SEC Clears Path Crypto exchange Binance published 
new research on June 6 highlighting a surge in institutional adoption of […]

Binance: Institutional Crypto Surge Fueled by SEC Clarity, Circle IPO, JPMorgan Shift

As political tensions between US President Donald Trump and Elon Musk 
escalated yesterday, the Bitcoin (BTC) market experienced a sharp shift in 
sentiment, with the funding rate on Binance flipping from positive to negative 
within hours. Bitcoin Funding Rates Turn Negative On Binance According to a 
CryptoQuant Quicktake post by contributor Darkfost, BTC funding rates on 
Binance have once again turned negative, even as the top cryptocurrency 
continues to trade above the $100,000 mark at the time of writing. Related 
Reading: Bitcoin Upward Momentum ‘Highly Likely’ To Continue, On-Chain Data 
Shows The analyst attributed the sudden reversal in funding &#8211; from +0.003 to 
-0.004 &#8211; to the public spat between Trump and Musk on social media. This rapid 
shift reflects growing fear among market participants amid heightened 
uncertainty. Following the sentiment shift, BTC fell from the mid-$100,000 
range to a low of $100,984, according to CoinGecko. Over the past two weeks, 
the asset has declined by 4.1%. That said, the current dip may offer a prime 
buying opportunity to investors. If Bitcoin rebounds strongly, it could result 
in a strong resurgence in buying pressure, leading to a short squeeze that may 
propel BTC’s price further up. Darkfost highlighted that there have been three 
instances during the current market cycle when BTC witnessed such deep 
negative funding. Notably, each of these instances were followed by a strong 
upward move in the cryptocurrency. For example, on October 16, 2023, BTC 
dipped into negative funding territory before rallying from $28,000 to 
$73,000. A similar pattern played out on September 9, 2024, when the asset 
surged from $57,000 to $108,000. The most recent case was on May 2, 2025, when 
BTC jumped from $97,000 to a new all-time high (ATH) of $111,000. If history 
repeats, then the market may see a new ATH for BTC in the coming weeks. 
Darkfost noted: Such extreme readings often mark moments of maximum pessimism, 
precisely the kind of sentiment that can precede a strong bullish reversal 
when the short term negativity is gone. Large Investors Increase BTC Exposure 
Meanwhile, Bitcoin whales &#8211; wallets holding large amounts of BTC &#8211; continue to 
accumulate at a rapid pace. Notably, new whales have acquired BTC worth $63 
billion, reflecting strong confidence in the asset’s near-term prospects. 
Related Reading: Bitcoin Hash Ribbons Indicating Prime Buying Opportunity, 
Analyst Says Supporting this bullish outlook, recent analysis by QCR Capital 
indicates that large investors expect BTC to surge to as high as $130,000 by 
the end of Q3 2025. Additionally, the realized cap held by long-term holders 
has surpassed $20 billion, reinforcing positive sentiment. That said, some 
analysts urge caution, expecting BTC to crash below $100,000 before resuming 
its bullish momentum. At press time, BTC trades at $104,069, down 0.5% in the 
past 24 hours. Featured image from Unsplash, charts from CryptoQuant and 
TradingView.com

Bitcoin Sees Negative Funding On Binance – A Classic Setup For A Short Squeeze?

The price of Official Trump coin briefly spiked 6% before pulling back, 
following Eric Trump saying the team &#8220;remain focused on building the most 
exciting MEME on earth.&#8221;