Eric Trump&#8217;s denial of involvement in Tron&#8217;s debut highlights potential complexities in crypto market entries and the influence of high-profile endorsements. The post Eric Trump says he loves Justin Sun but denies involvement in Tron&#8217;s public debut plan appeared first on Crypto Briefing.

Eric Trump says he loves Justin Sun but denies involvement in Tron’s public debut plan

Bitwise Asset Management’s European research arm argues that the sharp sell- 
off that followed last week’s military escalation between Iran and Israel is 
likely to give way to a powerful relief rally in Bitcoin, echoing the 
cryptocurrency’s behaviour after earlier geopolitical shocks. In its 16 June 
weekly newsletter Bitwise Europe points to a “Chart of the Week” that lines up 
the twenty most significant geopolitical risk events since July 2010 and finds 
that, on average, Bitcoin was “up 31.2 percent fifty days after the event, 
with a median gain of 10.2 percent.” According to the authors, “major 
geopolitical risk events tend to be good buying opportunities for bitcoin and 
other crypto assets.” The firm’s in-house Crypto Asset Sentiment Index briefly 
turned negative on Friday—its first dip below zero since May—but had already 
swung back into slightly bullish territory by Monday morning, a shift Bitwise 
attributes to renewed inflows into spot exchange-traded products and continued 
US-dollar weakness. At Bitcoin’s current price of around $107,000, a 31% rally 
would bring it to approximately $140,000. Missiles Fly, Bitcoin To $140,000? 
The historical analogue is being tested in real time as markets digest the 
first open exchange of missiles between Tehran and Jerusalem. The Associated 
Press reports that Iran has fired more than 370 projectiles at Israel since 13 
June, killing at least twenty-four people, while Israel claims to have 
destroyed over 120 Iranian launchers and says it now enjoys “full aerial 
superiority over Tehran.” Related Reading: Bitcoin 656% Cyclical Gain 
Highlights Deep Market Demand – Glassnode The confrontation triggered a 
textbook flight to safety: gold blasted through $3,430 an ounce on Friday, 
establishing a fresh record high, while Brent crude spiked and global equities 
lurched lower. Bitcoin, which had been flirting with its all-time peak near 
$111,000 early last week, sank as low as $102,600 during the first wave of 
air-strike headlines before rebounding to the $106,000–107,000 zone. Even 
after that drawdown, Bitwise notes, the flagship cryptocurrency still out- 
performed the S&amp;P 500 on a weekly basis thanks to a late-week equity swoon. 
Bitwise’s thesis rests on three pillars. First is behavioural: previous 
geopolitical shocks—from Russia’s 2014 annexation of Crimea to the US–Iran 
standoff of January 2020—produced knee-jerk liquidations in risk assets, yet 
Bitcoin’s selling pressure tended to exhaust quickly, setting the stage for a 
mean-reversion pop. Second is macroeconomic. Related Reading: Bitcoin Future 
Post Israel-Iran Event: On-Chain Analysis Disputes BTC’s $50K Crash The firm 
highlights a “pronounced depreciation of the US Dollar,” as the DXY index slid 
to its weakest level since March 2022 following softer-than-expected inflation 
prints and another uptick in continuing unemployment claims. Fed-funds futures 
now imply 1.9 rate cuts by December 2025, loosening global financial 
conditions and historically favourable for non-yielding, dollar-denominated 
assets such as Bitcoin. Third is structural demand: US spot Bitcoin ETFs took 
in a net $1.37 billion last week, while corporate treasuries kept 
accumulating—Strategy’s Michael Saylor announced the acquisition of 10,100 BTC 
for $1.05 billion today , and Tokyo-listed Metaplanet disclosed an additional 
1,112 BTC purchase that brings its war chest to 10,000 coins. In derivatives, 
Bitwise flags that the put-call open-interest ratio on Bitcoin options ended 
the week at 0.61 after dipping to 0.55, while the one-month 25-delta skew 
flipped decisively into positive territory at +4.87 percent, indicating a 
premium for upside exposure despite realised volatility languishing around 30 
percent. Funding rates on perpetual swaps also remained net long even during 
Thursday’s risk-off purge, a pattern the firm interprets as “bullish 
positioning or demand for topside hedging.” Behind the scenes, whales withdrew 
a net 169,527 BTC from exchanges, and exchange-held reserves fell to 2.92 
million coins—about 14.6 percent of supply—further tightening spot liquidity. 
Sceptics may note that past performance is not predictive and that the 
explosive rally following Russia’s 2022 invasion of Ukraine was fuelled in 
part by unprecedented monetary stimulus that may not be replicated. Bitwise 
itself concedes that realised losses spiked to $55.5 million on-chain last 
week and that momentum in “apparent demand” has softened. Yet the firm argues 
that the confluence of structural inflows, dollar weakness and depressed 
sentiment mirrors the set-ups that preceded its historical sample of 
31-percent rallies. As the newsletter concludes, “structural demand by both 
ETPs and corporate treasuries as well as continued macro tailwinds via Dollar 
weakness and global money supply expansion still support a positive market 
development for bitcoin and crypto assets.” At press time, BTC traded at 
$107,239. Featured image created with DALL.E, chart from TradingView.com

Bitcoin To $140,00 In 50 Days? Bitwise Bets On War Rally

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23% in the first quarter and has risen again in Q2.

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Bank of America now places bitcoin among the most disruptive forces in a 
millennium, signaling Wall Street’s awakening to its historic role in 
reshaping global financial power. 1,000 Years of Disruption: Bank of America 
Ranks Bitcoin Among Humanity’s Greatest Innovations Bank of America (BofA) 
Global Research released a long-term chart outlining 1,000 years of 
technological […]

Bank of America Charts Bitcoin Among Most Disruptive 1,000-Year Innovations

Bitcoin has lost recent gains in a $2,000 slide as Middle East tensions 
escalated on Monday night.

Bitcoin dips amid reports Trump has called advisers to situation room

An analyst has explained how Dogecoin might have to hold strong above this 
level, if the memecoin has to avoid a 30% price drop. Dogecoin Is Currently 
Trading Inside A Symmetrical Triangle In a new post on X, analyst Ali Martinez 
has shared a chart that shows where Dogecoin currently stands from a technical 
analysis (TA) perspective. Below is the graph in question, showing the trend 
in the 1-day price of the memecoin. From the chart, it&#8217;s visible that the 
Dogecoin price has possibly been trading inside a triangular channel during 
the last few months. The channel hasn&#8217;t appeared to be just any triangle- 
shaped one, either, but a special type called the Symmetrical Triangle. 
Related Reading: Ethereum ETF Frenzy: Inflows Jump 5x While Bitcoin Stalls A 
Symmetrical Triangle forms whenever an asset observes consolidation between 
two trendlines converging at a roughly equal and opposite slope. The upper 
line of the pattern tracks lower highs in the price, and the lower one higher 
lows. As the asset moves inside this channel, its range becomes narrower with 
time, until it shrinks down to a point at the apex. Generally, volatile moves 
are more likely to occur when consolidation tightens, so a breakout of the 
pattern becomes increasingly probable as the price approaches the tip of the 
triangle Symmetrical Triangle breakouts can signal a continuation of the trend 
in the direction of the break. This means that a rise above the pattern can be 
a bullish sign, while a drop below it may be a bearish one. As displayed in 
the chart, the 1-day price of Dogecoin has recently been nearing the end of 
the triangle, a potential sign that a breakout could be imminent. Currently, 
the memecoin is retesting the lower line, so it will be interesting to see 
whether the level holds or if this is where a break would finally happen. 
Unlike the Ascending and Descending Triangles, two other popular types of 
triangular channels in TA, breakouts are usually considered to be equally 
probable in either direction for a Symmetrical Triangle. The reason is simple: 
consolidation occurs in an exactly sideways manner in this pattern. In 
contrast, the Ascending and Descending types slope upward and downward, 
respectively, which can bias the breakout direction. Thus, even if Dogecoin is 
retesting the lower level right now, a rebound and then breakout from the 
upper line may also still be quite possible. That said, in the event that a 
bearish breakout does take place, things can be especially troubling for DOGE, 
as there is another level of importance just nearby. Related Reading: $390M In 
Ethereum Leaves Exchanges—Biggest Daily Exit In Over A Month The level in 
question, situated around $0.168, corresponds to the 0.786 Fibonacci 
Retracement level. Fibonacci Retracement levels are lines defined using ratios 
found in the famous Fibonacci series. &#8220;Dogecoin $DOGE must hold above $0.168 
to avoid a 30% price drop!&#8221; warns the analyst. DOGE Price At the time of 
writing, Dogecoin is trading around $0.177, down over 4% in the last week. 
Featured image from Dall-E, charts from TradingView.com