Bitcoin long traders took a hit over the past 24 hours amid Bitcoin’s price dwindling amid broader macroeconomic tension and continued sell-offs by long- term holders.

Trump-Musk spat sees Bitcoin tumble, liquidating $308M in longs

The shift from a &#8220;first-to-file&#8221; to simultaneous approval for crypto ETFs may 
hinder innovation and favor larger firms, impacting market fairness.
The post VanEck, 21Shares, and Canary urge SEC to revert to &#8216;first to file, 
first to approve&#8217; standard for crypto ETFs appeared first on Crypto Briefing.

VanEck, 21Shares, and Canary urge SEC to revert to ‘first to file, first to approve’ standard for crypto ETFs

The U.K. Financial Conduct Authority has proposed lifting a ban on offering 
crypto exchange-traded notes to retail traders. Normal Financial Promotion 
Rules to Apply The U.K. financial watchdog, the Financial Conduct Authority 
(FCA), has proposed lifting a ban on offering crypto exchange-traded notes 
(ETNs) to retail traders. If adopted, the proposal would allow pave the […]

UK Financial Watchdog Proposes Lifting Ban on Crypto ETNs for Retail Investors

Bitcoin’s consolidation phase may break out into the next phase of price 
discovery, catalyzed by forthcoming US stablecoin rules.

Stablecoin legislation to drive Bitcoin market cycle in 2025: Finance Redefined

Positive jobs data put the cryptocurrency back on a positive trend after the 
ongoing public spat between U.S. President Donald Trump and Tesla CEO Elon 
Musk sent markets tumbling. Strong Employment Figures Boost Bitcoin The U.S. 
Department of Labor published better than expected employment data on Friday 
morning sending both stock and crypto markets higher. […]

Bitcoin Jumps Following Upbeat Jobs Report

Dogecoin’s daily time-frame has reached a critical point that leaves virtually 
no margin for error. Price settled last night at $0.17551, clinging to a 
slender cushion just above the confluence of two of the chart’s most important 
guide rails: the former down-trend resistance that runs from late February and 
the 78.6 percent Fibonacci retracement of 2024’s late advance to $0.48440. 
Dogecoin Enters Danger Zone The structural landscape is defined by a six-month 
descending channel that has corralled every impulse since Dogecoin topped at 
$0.48440 on 8 December. The median of that channel—slicing through the field 
at roughly $0.1800—functioned as durable support until Thursday, when an 11% 
slide in sympathy with Bitcoin split it cleanly. A failure-retest of a channel 
mid-line is seldom trivial; until DOGE can reclaim $0.1800 on a closing basis, 
the chart message remains one of trend continuity. Beneath the market, the 
black trendline that first rejected rallies on 26 March, 26 April and 2 May 
reclaimed centre-stage after price vaulted it on 8 May, ran to the channel 
ceiling at $0.2540, and was twice rebuffed—the first rejection on 11 May, the 
second on 23 May. The trendline is now retested as support where it intersects 
the 0.786 Fib at $0.16700, producing a high-stakes cross-point. Related 
Reading: Dogecoin Needs $0.40 Breakout To Salvage Bull Case, Says Analyst If 
that level fractures, the only historical scaffolding is the multi-year 
ascending trendline (drawn from May 2021’s all-time high) that merges with a 
proven demand band spanning $0.14500 to $0.13500. That rectangle arrested the 
early-April shake-out and would represent the bulls’ final trench; 
surrendering it would invalidate the long-term series of higher lows and 
almost certainly inaugurate a broader bear phase with potential gravitational 
pull back to the January pivot at $0.12990. Oscillators and overlays do little 
to contradict the bearish drift. The fourteen-day Relative Strength Index sits 
at 34.70, hovering just above oversold territory but still tracking below its 
own moving average at 45.22, underscoring persistent negative momentum. Price 
Targets Overhead, resistance layers are stacked like dominoes. Immediate 
priority for the bulls is a daily close back above the channel midline at 
$0.1800; failing that, any attempt at recovery is suspect. Related Reading: 
Dogecoin’s Fate Hinges On This Price Level, Analysts Agree The next ceiling is 
the compressing exponential moving average cluster: the 20-day EMA at 
$0.20120, the 50-day at $0.20091, the 100-day at $0.20677 and the 200-day at 
$0.21550. With all four averages declining and bunched inside a three-cent 
band, they act as a single reinforced lid near the psychological $0.20 handle. 
Clearing that barricade would deliver price to the channel’s upper rail, now 
descending through $0.22. A weekly close outside that boundary would finally 
neutralise the half-year downtrend and force shorts to cover into the next 
Fibonacci checkpoints derived from the November high: the 61.8 percent 
retracement at $0.23484, the 50 percent at $0.28249, the 38.2 percent at 
$0.33014 and the 23.6 percent at $0.38910. Until then, however, the blunt 
arithmetic favours the bears. A floor at $0.16700 backed by a multi-touch 
trendline is slim protection when sentiment is fragile and macro flows are 
unhelpful. If that shelf cracks, the market’s inertia points toward 
$0.14500–$0.13500, Dogecoin’s last defensible plateau. Should that red demand 
zone capitulate, the technical map turns blank down to the January base at 
$0.12990 and, beyond that into deep bearish territory, especially the August 
2024 low at $0.08. Featured image created with DALL.E, chart from 
TradingView.com