Digital asset industry advocates supported congressional candidates in Florida’s special elections in April, and now New Jersey prepares to elect its next governor.

New Jersey gubernatorial race to be crypto’s next election test

Musk vs. Trump feud escalates with Epstein claims as Tesla stock plunges and 
public drama dominates headlines.

Trending today: Musk-Trump fallout, DOGE dip and new viral memecoin Kori

Amid the Trump-Musk online feud, Bitcoin (BTC) has hovered within the mid-and- 
low areas of its local price range, hitting a one-month low near the $100,000 
support. However, some analysts suggest that the cryptocurrency is preparing 
for the “real” price jump toward a new all-time high (ATH) Related Reading: 
SUI Rally At Risk? Analysts Warn Of 30% Dip If This Level Doesn’t Hold Bitcoin 
Prepares For ‘Real Breakout’ Over the past 24 hours, Bitcoin experienced 
significant volatility fueled by the online feud between US President Donald 
Trump and Tesla and X owner Elon Musk. The flagship crypto’s price took a 
beating on Thursday afternoon after dropping by over 5% from the $105,000 
level to the $100,000 support. Before the pullback, BTC had been attempting to 
reclaim its local mid-range area after its recent performance. Notably, the 
cryptocurrency traded sideways following its ATH rally to $111,980, hovering 
between the $106,800 and $109,700 price range. However, the cryptocurrency 
lost the key $106,800 support amid last week’s market retracement, which saw 
Bitcoin drop to $102,000 over the weekend. Since then, BTC has been attempting 
to reclaim the current levels. After yesterday’s drop, the largest 
cryptocurrency by market capitalization has surged 4.5%, climbing above the 
$104,000 level. Crypto trader Coinvo highlighted BTC’s one-year chart, 
pointing to the similarly looking price action between 2024 and 2025. 
According to the chart, Bitcoin recorded its first major pump after reclaiming 
its yearly opening level, consolidating within its new range for weeks before 
climbing to its Q1 2024 ATH. This year, the cryptocurrency has had a similar 
performance, although delayed, having reclaimed the yearly opening range and 
surging to the first major price surge in May. Similarly, analyst Alex Clay 
suggested that Bitcoin is preparing for the “real breakout” following its 
retests of the range’s mid-zone resistance in Q1 2025 and a “false” breakout 
last month. To the analyst, “We grabbed the liquidity below the Broken Supply 
Zone. Now looking for a Real Breakout” toward the $120,000 mark. BTC Price To 
Range For Two Weeks? The Cryptonomist noted that Bitcoin displays a 3-week 
bullish falling wedge formation, with the lower boundary sitting around the 
$101,000 level. Following the recent price drop, BTC bounced from that area, 
and could break out of the pattern if it reclaims the $105,000 barrier as 
support, targeting the $118,000-$120,000 levels. Meanwhile, market watcher 
Daan Crypto Trades highlighted that its price now trades at the mid-range 
again, near the Monthly opening price. To the trader, “it&#8217;s pretty safe to 
assume that these range high/lows are good triggers for whatever larger trend 
follows,” as BTC has been having a “relatively large move early in the month.” 
As he previously explained, Bitcoin tends to set its monthly high or low 
during the first week of the month, followed by a reversal in the opposite 
direction and a trend continuation until a new month begins. Based on this, he 
warned that if the price drops below yesterday’s lows, it will continue to 
trend down for another week or two, displaying “weakness and confirming a 
larger correction is due.” Related Reading: Ethereum Eyes 15% Move Amid Key 
Resistance Retest – Breakout Or Rejection Next? Nonetheless, if price surges 
above the monthly highs, around the $106,700 mark, “the correction is more 
likely to be over and there&#8217;s a good likelihood that we head to all-time highs 
and beyond.” “Good chance we range around this area for a while, though, 
without any of these levels breaking,” he concluded. As of this writing, 
Bitcoin trades at $104,224, a 2.6% increase in the daily timeframe. Featured 
Image from Unsplash.com, Chart from TradingView.com

Bitcoin Repeating 2024 Rally? Analysts Eye ‘Real Breakout’ To $120,000

Crypto, the most innovative technology in the world, continues to struggle to 
win the oldest asset in finance—belief

Trustless is not the same as trustworthy | Opinion

Singapore’s ousting of unlicensed firms was not a sudden move and it’s among 
several regions tightening licensing duties.

Singapore’s ousted crypto firms may not find shelter elsewhere

Singapore’s looming licensing mandate forces offshore-only crypto providers 
into urgent compliance mode, threatening to cut off unregulated access to 
tokenized finance and digital asset markets. June 30 Sparks Compliance Race 
for Offshore-Only Crypto Providers in Singapore The Monetary Authority of 
Singapore (MAS) issued clarifications on June 6 regarding the scope and 
application of its regulatory […]