Anthony Pompliano, one of crypto’s most recognizable names, is reportedly preparing to take the helm of a new public company with a singular mission: buying Bitcoin. Pompliano, known for his influential podcast and massive following on X, is expected to…

Anthony Pompliano plots $750m Bitcoin buy via SPAC merger: report

Numbers from the Central Bank of El Salvador indicate that crypto remittances 
sent to El Salvador fell by 45% compared to the first four months of 2024. 
Crypto flows sent from abroad accounted for less than 1% of all funds sent by 
foreigners to family and friends. Crypto Remittances Keep Failing to Reach 
Widespread Adoption […]

Crypto Remittances Fell Nearly 45% in El Salvador

After hitting a one-week low on Thursday, Bitcoin (BTC) is attempting to 
reclaim the key $104,000-$105,000 area as support, but some analysts have 
warned that a visit to its range’s lows could be in BTC’s short-term future if 
volatility continues. Related Reading: ONDO To Repeat 2024’s ‘Parabolic’ Run? 
Analyst Anticipates 130% Rally Soon Bitcoin to Continue Choppy Performance On 
Thursday afternoon, Bitcoin dropped 5.5% to the $102,000 support fueled by the 
news of the Iran-Israel conflict. Amid the market pullback, the flagship 
crypto failed to hold its $108,000-$110,000 three-day range, falling to the 
mid-zone of its post-November breakout range. Notably, BTC had just recovered 
from last week’s retest of the $100,000 level, reclaiming the key $106,800 
area as support earlier this week. Daan Crypto Trades noted that the 
cryptocurrency “saw a clear trigger on that retest of the range high,” driven 
by the headlines of the Middle East turmoil, as it is “still quite a volatile 
and headline-driven market currently.” Bitcoin took the liquidity above and 
below its local price range, the analyst explained, adding that it is “already 
starting to trade more like the choppy (pre) summer environment” he had 
forecasted. Despite the drop, the analyst highlighted that the range high 
remains the key level for a larger move up: I think the range high is a key 
area for the Bulls to hold on to. If not, I think there&#8217;s a case to be made 
for a local high to be put in and for the market to move back further within 
this range. At this point, I&#8217;m fairly certain that if price breaks either the 
current monthly high or low, it will keep trending that direction for the rest 
of June (and possibly beyond). However, he suggested investors be cautious 
until BTC price breaks back above the range high convincingly and holds it as 
support on the higher timeframes. “Don&#8217;t chop yourself up in the next few 
weeks/months,” he warned. Volatility Could Send BTC To Range Lows Analyst Carl 
Runefelt from The Moon Show highlighted a potential double top pattern forming 
on BTC’s 4H chart, noting that if the price didn’t bounce from the previous 
descending resistance, reclaimed a week ago, it could further drop into the 
mid-zone of its range. According to the analysis, if it loses the mid-range, 
BTC could risk a retest of the range lows, around the $90,000-$92,000 area. 
Similarly, market watcher Merlijn The Trader suggested that Bitcoin could fill 
the lower CME gaps if the war narrative intensifies. BTC opened two CME gaps 
between the end of April and the start of May, situated at the $92,500 and 
$97,300 levels, respectively. Nonetheless, the trader considers that this 
could serve as a discount entry for investors, as BTC “already left higher CME 
gaps open,” signaling that a rebound to the levels is likely. Moreover, he 
noted that Bitcoin is displaying the same structure as last year, which could 
hint at a massive rally brewing. In 2024, the cryptocurrency faced rejection 
from a multi-month descending resistance following its all-time high (ATH) 
rally, which set the Range high level. Related Reading: Ethereum Prepares For 
Massive Run After $2,800 Reclaim – ‘Up Only’ Ahead? According to the post, 
after the liquidity grab, BTC broke out of the key downtrend line, was 
rejected from the range high, and retested the descending resistance as 
support before a new rally. In 2025, Bitcoin appears to be following this 
path, currently retesting the descending resistance after the breakout. “If 
you know the pattern, you know what comes next,” he concluded. Featured Image 
from Unsplash.com, Chart from TradingView.com

Bitcoin To See ‘Choppy’ Next Few Weeks, Will BTC Retest The Range Lows?

Trump discloses $57.4 million in income tied to World Liberty Financial, a 
DeFi project that has raised over $550 million from investors.

Trump discloses $57M crypto windfall from World Liberty Financial

Although a record 19-day inflow streak recently ended for spot Ether ETFs, 
Ether is currently trading below its price at the start of the run.

Spot Ether ETFs post outflow day after record 19-day inflow streak

Data shows the Ethereum spot exchange-traded funds (ETFs) have seen weekly 
inflows five times the recent average, while Bitcoin has seen a slowdown in 
momentum. Ethereum Spot ETFs Have Seen 154,000 ETH In Inflows This Week In a 
new post on X, the analytics firm Glassnode has talked about the latest trend 
in the netflow related to the US-based Ethereum spot ETFs. The &#8220;spot ETFs&#8221; 
refer to investment vehicles that allow an alternate means of exposure to a 
given asset. This means that with a spot ETF, a trader can &#8216;invest&#8217; into an 
asset without having to directly own it. In the context of cryptocurrencies, 
this is especially relevant, as the ETFs trade on traditional platforms. Some 
investors may not want to fiddle with digital asset exchanges and wallets, so 
the ETFs offer them a familiar path into cryptocurrencies. Related Reading: 
Tron Has Plenty Of Room For A 2025 Bull Run, Risk Metric Signals The option of 
the spot ETFs is a relatively recent one in the sector, with Bitcoin&#8217;s version 
gaining approval from the US Securities and Exchange Commission (SEC) at the 
start of 2024 and Ethereum&#8217;s in mid-2024. Below is a chart that shows how the 
netflows related to the latter&#8217;s spot ETFs have looked during the past month. 
From the graph, it&#8217;s visible that the Ethereum US spot ETFs have been 
witnessing net inflows for the last few weeks, a sign that there has been 
demand for the coin from the traditional investors. &#8220;This week alone, they’ve 
seen 154K ETH in inflows &#8211; 5x higher than their recent weekly average,&#8221; notes 
Glassnode. &#8220;For context: the biggest single-day ETH inflow this month was 77K 
ETH on June 11th.&#8221; While the trend has been that of growth for Ethereum, it 
has looked a bit more mixed when it comes to the number one digital asset, 
Bitcoin. As displayed in the above graph, the Bitcoin US spot ETFs have also 
seen positive netflows this week. The scale of the inflows, however, hasn&#8217;t 
been anything impressive, as only around 7,800 BTC has entered into the ETFs. 
This is above average, but far lower than the highs witnessed in May, when at 
one point the daily inflow had reached a peak of 7,900 BTC, more than the 
inflows for the entire current week. Related Reading: Bitcoin Options Traders 
Expect Quiet—But On-Chain Data Suggests Chaos Last week, the Bitcoin spot ETFs 
witnessed an outright negative netflow, so it seems the momentum has recently 
just been slower for the asset. In contrast, things have looked much more 
green for Ethereum indeed. ETH Price While Ethereum has been seeing consistent 
ETF inflows, its price has still underperformed against Bitcoin over the past 
day as it has dropped to $2,540, a decline of 7% compared to BTC&#8217;s 2% loss. 
Featured image from Dall-E, Glassnode.com, chart from TradingView.com