WBT, the utility token of the crypto exchange WhiteBIT, emerged as the top- performing coin today, defying the broader bearish market trend triggered by Israel’s attack on Iran earlier today. According to data from crypto.news, WhiteBIT Coin (WBT) rallied for the…

Here’s why WhiteBIT’s WBT hit a new all-time high while the crypto market crashed

Coinbase’s CEO is driving urgent action behind two landmark crypto bills that 
promise regulatory clarity, investor protection, and explosive growth for 
America’s digital asset future. Coinbase Urges Legislative Action on 2 Crypto 
Bills: &#8217;52 Million American Crypto Owners Are Counting on It&#8217; Cryptocurrency 
exchange Coinbase (Nasdaq: COIN) renewed its call for Congress to establish 
clear […]

Coinbase Rallies Behind 2 Landmark Crypto Bills—52M US Owners Await Congress

Brewing tensions between Israel and Iran have triggered global de-risking 
across risk-on assets, including Bitcoin (BTC). The top cryptocurrency by 
market cap is down 1.7% over the past 24 hours. That said, technical 
indicators still point toward a potential new all-time high (ATH) for BTC in 
the coming months. Bitcoin Tracing The ABCD Pattern According to a recent post 
on X by crypto analyst Titan of Crypto, BTC appears to be following the ABCD 
pattern. The analyst noted that Bitcoin is currently trading within a wedge 
formation and could target as high as $137,000 if it breaks out. For the 
uninitiated, the ABCD pattern is a classic chart setup with four points and 
three legs &#8211; AB, BC, and CD &#8211; where AB and CD are typically equal in length, 
and BC serves as the retracement. It helps identify potential reversal zones 
and signals when a price move may be losing momentum. Related Reading: Bitcoin 
Sees Negative Funding On Binance – A Classic Setup For A Short Squeeze? 
Several other technical indicators also point to a potential new ATH for BTC. 
For instance, crypto analyst Crypto Caesar shared the following 4-hour Bitcoin 
chart highlighting a bullish double bottom pattern that suggests BTC is primed 
for recovery. Fellow crypto commentator Jelle identified a cup and handle 
pattern on the daily BTC chart. Jelle shared the following chart showing that 
BTC has already formed the &#8220;cup&#8221; and is now beginning to shape the &#8220;handle,&#8221; 
which typically precedes a sharp upward move. Meanwhile, crypto trader Merlijn 
the Trader pointed to the Hash Ribbons &#8211; an on-chain indicator historically 
associated with major rallies. Merlijn shared the following BTC daily chart, 
noting that the last four appearances of this signal preceded strong Bitcoin 
uptrends. To explain, Hash Ribbons is an on-chain indicator that uses 
Bitcoin’s 30-day and 60-day hash rate moving averages (MA) to spot miner 
capitulation and recovery. A bullish signal appears when the short-term 
average crosses above the long-term one. Are BTC Bears Regaining Ground? 
Although BTC remains above the psychologically important $100,000 mark, some 
concerning signs are beginning to emerge. The cryptocurrency was recently 
rejected from the $110,000 resistance level again, giving bears temporary 
control. Related Reading: Bitcoin’s Most Reliable Signal Just Flashed—Next 
Stop: $170,000 Similarly, on-chain data shows that long-term holders are 
beginning to exit the Bitcoin market which retail investors are starting to 
join in. Such dynamics are typically observed during the late phase of a bull 
cycle. In parallel, short-term holders are showing signs of declining 
confidence in BTC, as reflected in recent on-chain activity. At the time of 
writing, BTC trades at $105,568, down 1.7% over the past 24 hours. Featured 
image with Unsplash, charts from X and TradingView.com

Bitcoin Following ABCD Pattern? Analyst Sees Path To $137,000

Trump Media is unleashing a groundbreaking bitcoin treasury arsenal with SEC 
clearance, fueling an aggressive multi-billion-dollar expansion across 
fintech, media, and decentralized finance dominance. Trump Media’s Bitcoin 
Treasury Deal Turns Real as SEC Declares Filing Effective Trump Media and 
Technology Group Corp. (Nasdaq, NYSE Texas: DJT) announced June 13 that the 
U.S. Securities and Exchange […]

Trump Media Announces SEC Declares Bitcoin Treasury Filing Effective

Bitcoin&#8217;s market price has experienced renewed downward pressure, falling to 
just under $106,000 in the last 24 hours. This marks a 1.8% dip over the past 
day and places the asset approximately 6% below its all-time high of over 
$111,000 reached last month. While the correction is not severe compared to 
historical volatility, it highlights ongoing uncertainty in the market as BTC 
consolidates near record highs without sustained upward momentum. One metric 
drawing attention amid this price movement is the Puell Multiple, a tool used 
to evaluate whether Bitcoin is overvalued or undervalued relative to miner 
income. Related Reading: Bitcoin’s Most Reliable Signal Just Flashed—Next 
Stop: $170,000 Bitcoin Puell Multiple Suggests Miner Revenues Have Yet to 
Catch Up CryptoQuant analyst Gaah highlighted that while prices recently 
surged above $108,000, the Puell Multiple remains below 1.40, a level 
typically associated with discounted or non-euphoric market phases. This 
decoupling between BTC price and miner revenue offers insight into how recent 
gains may be more demand-driven than organically supported by on-chain mining 
fundamentals. The Puell Multiple measures the daily issuance of BTC in USD 
terms relative to its 365-day moving average. Historically, readings below 1.0 
are seen during market bottoms or accumulation phases, indicating 
undervaluation. Gaah points out that current readings hovering around 1.40 
suggest miner profitability is still lagging, even as the asset trades near 
historic highs. This pattern contrasts with previous bull cycles where high 
prices were often accompanied by elevated miner earnings, driven by both 
network activity and block rewards. This disparity may be due in part to the 
April 2024 Bitcoin halving event, which reduced block rewards from 6.25 BTC to 
3.125 BTC per block. While halving events typically drive price appreciation 
through reduced supply, they simultaneously put downward pressure on miner 
revenue. In this case, despite a climb in market price, the halving’s impact 
continues to suppress income for miners, implying that the price increase has 
not yet been accompanied by the kind of broader economic expansion that would 
traditionally drive a full-fledged bull market. Potential for Continued Growth 
as Institutional Forces Drive Demand Gaah also points to the possibility that 
external factors may be playing a more dominant role in driving recent price 
action. These include increasing institutional inflows through spot Bitcoin 
ETFs, as well as a tighter circulating supply as long-term holders reduce 
active selling. These forces could be supporting price without necessarily 
boosting miner profitability in the short term, especially if the uptick is 
concentrated in secondary market demand rather than new BTC issuance. The 
current environment may signal a unique window for participants analyzing 
Bitcoin&#8217;s valuation. A high market price combined with conservative 
fundamentals suggests the market is not yet in a speculative excess phase. 
Related Reading: Bitcoin Bears Back In Control After $110,000 Rejection, What 
Comes Next? If miner revenues eventually rise in line with growing demand, 
driven by either increased transaction fees or broader network usage, it could 
support further upside. As such, both technical and fundamental indicators may 
continue to evolve in the coming months, offering a clearer view of whether 
the current cycle has more room to run. Featured image created with DALL-E, 
Chart from TradingView

A Rare Bitcoin Signal Is Flashing: Could the Bull Run Just Be Getting Started?

ETF analyst James Seyffart said all of the updated S-1 filings &#8220;include 
staking language I believe.&#8221;