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Комиссар Комиссии по ценным бумагам и биржам США (SEC) Эстер Пирс (Hester Peirce) заявила, что мемкоин TRUMP не находится под юрисдикцией ведомства, и инвесторам не будет предоставлена защита со стороны государства.

The Ethereum market has seen a modest price decline in the past day as the broader crypto market reacts to news of US-China trade talks potentially yielding a negative result. Amidst this decline, Ethereum prices have dipped to around $2,550 before showing a minor rebound in the past few hours. 

Meanwhile, renowned market analyst with X username Daan Crypto states the altcoin now faces a major price resistance, the outcome of which is influential on the future price trajectory.

Why Ethereum Bulls Must Reclaim Pivotal $2,800 Zone – Analyst

In an X post on May 30, Daan Crypto shares an insightful technical analysis that indicates Ethereum is now facing a significant price barrier at $2,800 price zone.

Notably, the popular analyst explains that $2,800 has proven to be an important price level in the ETH market regardless of the price trend. Historically, a decisive close above or below this zone has often led to significant price movement. in the corresponding direction. This instance was seen when prices traded as high as $4,000 in late 2024 followed an extended market correction which forced prices as low as $1,400.

Since the crypto market rebound began in April, Ethereum has already faced one rejection at $2,800 indicating the presence of a robust selling pressure at this price zone. With the altcoin now recovering from its most recent dip in the past week, Ethereum bulls are now expected to take another swipe at this key resistance level. Daan Crypto nudges investors to watch this price level as a successful breakout would signal major price gains ahead.

At the very least, the altcoin becomes likely to reclaim the $4,000 price zone which represents the peak price of the current bull market.

Ethereum Network Fees Fall By Over 2% 

In other news, prominent blockain analytics firm Sentora reports the Ethereum network saw a 2.3% decline in weekly network fees suggesting a fall in transaction numbers as well as general network engagement.  Nevertheless, exchange net outflows of $516 million strongly indicates that ETH investors still remain bullish as they opt to move their holdings into private wallets despite the recent price fall.

At the time of writing, Ethereum continues to trade at $2,514 reflecting a price decline of 3.58% in the past day. However, market gain of 43.22% on the monthly chart respectively suggest the current market trend remains bullish. With a total market cap of $311.69 billion, Ethereum is ranked as the second-largest cryptocurrency and largest altcoin in the world.

Появление новой волны ликвидности в результате возмещения $5 млрд кредиторам обанкротившейся биржи FTX может оказать положительное влияние на динамику крипторынка, считают эксперты площадки Coinbase.

Ethereum (ETH) is gaining traction as it climbs within a well-structured ascending channel, following three distinct consolidation phases. These pauses in momentum have served as healthy resets, allowing bulls to regain strength and build a solid base. 

With price action now trending upward in a controlled manner, ETH appears poised for a sustained rally, provided it maintains support along the channel’s lower boundary and breaks above near-term resistance.

Key Channel Unfolds As Ethereum Maintains Its Trajectory

HolderStat’s post on X reveals a compelling setup on the Ethereum chart, where the price action is inching closer to a significant resistance zone around $3,100, a level typically associated with profit-taking and potential reversal pressure. This area has been marked as a sell zone, and its alignment with the upper boundary of a technical resistance band makes it a critical battleground for bulls and bears alike.

However, the broader structure of the chart leans bullish. Ethereum is printing successive higher lows, a signal of upward momentum and strong buying interest on dips. The presence of breakout arrows is a visual cue used in HolderStat’s analyses to highlight key inflection points and further strengthen the narrative of an upcoming test of this ceiling.

On the 2-hour chart, Ethereum’s price action is currently coiling within a well-defined ascending triangle pattern, a formation that signals a bullish continuation. According to Logan Issac Borowu, ETH is holding firmly above the lower boundary, suggesting that buyers are actively defending the trendline and maintaining pressure on the resistance overhead.

The key level in focus now is $2,720, which marks the horizontal ceiling of the triangle. This level has rejected multiple breakout attempts, acting as a lid on Ethereum’s short-term upside. As the price continues to form higher lows against this resistance, bullish momentum is building.

A move above $2,720 could confirm the breakout and open the door for a move toward higher levels. The next technical target, based on the height of the triangle, is the $3,200 level, which aligns with the previous supply zone and resistance.

RSI Dips Toward Oversold—Bounce Incoming Or Bear Trap?

Ethereum’s upward path is not without barriers. Gemxbt has revealed a critical pattern forming on Ethereum’s 1-hour chart, particularly a Descending Triangle formation. ETH is currently compressing between horizontal support near $2,550 and descending resistance around $2,700, creating a tightening range.

Despite the possibility of a bounce as the RSI (Relative Strength Index) approaches oversold territory, the short-term momentum remains tilted to the downside. Ethereum is also trading below key moving averages, reinforcing the underlying weakness in trend structure. 

Unless bulls reclaim the resistance level with conviction, the triangle pattern suggests a potential short-term breakdown, which could push ETH down to lower support zones. Conversely, a bounce from oversold levels could see the altcoin retest the $2,700 zone, which may lead to a shift in market sentiment.

Since hitting a new all-high time above $111,000, Bitcoin has seen a significant market cool-off resulting in a price correction over the past week. According to data from CoinMarketCap, Bitcoin declined by 4.36% in the past seven days forcing prices below $104,000. 

To establish a bullish momentum, prominent crypto analyst with X username Daan Crypto has stated the premier cryptocurrency must decisively close above $106,000 which represents a pivotal price region in the current price structure.

Bitcoin Price Out Of Consolidation Range – Downside Ahead? 

Following the re-start of the crypto bull market in April, Bitcoin has shown a specific price  pattern marked by an estimated $10,000 price surge followed by a consolidation within a specific price range for about 7-10 days before another rally occurs.

After its most recent ascent to $111,970 as a new ATH, BTC prices appeared to have settled in range bound movement between $106,000-$112,000 in preparation for another potential upswing. However, recent negative market reaction to factors including macro-economic pressure as reports suggest US-China trade talks have hit a wall have forced prices below the consolidation zone to trade as low as $103,867.

According to Daan Crypto in an X post on May 30, Bitcoin bulls must reclaim the price range above $106,000 to halt the current decline and establish intentions to maintain the present uptrend. 

Notably, a potential rejection at this price level would indicate that Bitcoin might have hit a market top at $111,970 and is due for a further price correction over the incoming weeks. The potential of this bearish development is significantly high especially considering other factors including that the Bitcoin spot ETFs registered a negative net inflow on May 29, marking  the first time in over ten trading days. 

Certain market analysts have opined on the potential of an overwhelming bearish pressure pinpointing price targets around $100,000-$102,000, while others believe the premier cryptocurrency could set for a major price crash in alignment with the crypto market cycle.

Bitcoin Price Overview

At the time of writing, Bitcoin trades at $103,539 reflecting a loss of 2.60% in the past day. Meanwhile, the asset’s daily trading volume is down by 2.24% indicating a slight fall in selling pressure in the market amidst the current decline.

According to data from blockchain analytics firm Sentora, over 1.27 million are presently in a decline due to Bitcoin’s retracement. However, there is strong evidence to back a market rebound should prices retest the $100,000 region.

Crypto analyst Jmorg has provided an in-depth technical analysis, which shows what could happen to the Dogecoin price from its current levels. The top meme coin has already dropped below the psychological $0.2 level as part of a broader crypto market correction. 

What The Dogecoin Price Might Look Like From Current Levels

In a TradingView post, Jmorg stated that Dogecoin has meaningful momentum behind its current price action, which is evident in the Money Flow Index (MFI). He noted that the indicator is accelerating off a very low momentum and trending higher on the weekly timeframe. 

The analyst further remarked that the Bollinger band width is narrowing to historical lows, which could eventually be the catalyst for the necessary volatility needed for DOGE to return to or exceed its current all-time high (ATH). He claimed that Dogecoin could reach $1 based on a Cup-and-Handle measured move. Meanwhile, the foremost meme coin could touch $0.95 based on the measured move from a breakout of the rectangle. 

Commenting on the Fibonacci retracement, Jmorg stated that given the momentum and potential increase of volume, a retracement to the current ATH of $0.73 seems likely. The analyst added that a pause and continuation of the advance higher would put Dogecoin near $1.20. 

He went on to allude to Dogecoin’s historical pattern, which saw the meme coin record gains of 8,000% and 2,000%. The analyst noted that an 8,000% gain would take DOGE to $15, or a market cap of $2.3 trillion. Jmorg remarked that it seems unlikely, as BTC has a market cap of about $2,2 trillion. 

However, the analyst highlighted a scenario where the Bitcoin price rallies to $200,000 and then a breakout of the wedge pattern sends Dogecoin to $15. He remarked that such a scenario makes the $15 price target more realistic and that, since crypto is unpredictable, anything is possible. 

Factors That Could Send DOGE To New Highs

In his analysis, Jmorg also outlined factors that could send the Dogecoin price to new highs. First, he stated that the midterm elections will matter and that he suspects the Trump administration will do everything possible to retain control of DC, which would likely lead to pro-crypto policies. 

The analyst added that pro-crypto policies and deregulation could be a powerful tailwind for the US economy, which would help keep people employed and ultimately maintain high asset prices. 

Another factor which Jmorg outlined is the Dogecoin ETF. He noted that approval for these funds appears likely, and this could provide a significant source of demand. The DOGE ETFs would drive institutional inflows, which could spark a price surge for the meme coin. 

The last factor is the potential integration of Dogecoin payments on the X social media platform. The crypto analyst noted that this doesn’t seem unrealistic, given that Elon Musk is a huge fan of the meme coin. Like the DOGE ETFs, he said that this could provide a source of demand for the meme coin. 

At the time of writing, the Dogecoin price is trading at around $0.1897, down over 7% in the last 24 hours, according to data from CoinMarketCap. 

Featured image from Unsplash, chart from TradingView

Despite the ongoing correction from its recent all-time high, Bitcoin’s dominance over the rest of the market has continued to hold steady in recent days. Notably, Bitcoin’s dominance in the crypto market has increased steadily in recent days, recently surpassing a significant threshold of 64% and exerting pressure on altcoins across the board. 

Although Bitcoin itself recently lost the $105,000 support level in the past 24 hours, the altcoin market witnessed dips throughout last week. However, this period of imbalance between Bitcoin and altcoins may not last much longer, especially as technical analysis suggests the dominance reaching 64% might be a turning point.

Bitcoin Dominance Taps Resistance: Exhaustion Ahead?

Crypto trader Astronomer shared an analysis on X, highlighting the 64% region as a crucial turning point for BTC.D. His chart, which outlines a possible path for Bitcoin dominance, shows that the metric has now entered a wide resistance block between 64.00% and 64.40%. This is important because this is a level that has rejected previous upside attempts throughout the past month.

Even with Bitcoin being the only cryptocurrency to print a new all-time high in recent times, the Bitcoin dominance has found it hard to break above 64% in May, which shows that the trend might be becoming exhausted. Notably, after bouncing just above 63.5% on May 28, Bitcoin’s dominance printed a lower high. The current price behavior mirrors those earlier moves, lacking the bullish strength needed to break higher. 

If the projected path in the chart below plays out, the dominance could range slightly before beginning a rollover that takes it into the lower 63% zone and beyond. The trajectory on the chart suggests the decline could steepen in early June and finally open up the door for altcoins to thrive.

Altcoin Momentum Soon With Fading Bitcoin Dominance?

The chart outlook indicates that the Bitcoin dominance rally is nearing exhaustion. Despite recent losses across many altcoins, the projection structure suggests an imminent shift and a potential decline in Bitcoin dominance to 63.45%.

From here, the next step will depend on how Bitcoin reacts at this level. As it begins to unwind, this decline in Bitcoin dominance will likely coincide with an increase in the price of major altcoins, particularly in large market-cap altcoins like Ethereum, Solana, and Dogecoin. As such, this moment of topping out could finally be the early stages of a broader altcoin season.

At the time of writing, data from CoinMarketCap shows that Bitcoin’s dominance is currently at 63.5%, just above the crucial 63.45% point. A breakdown of Bitcoin’s dominance at this point could cascade into an altcoin season. Ethereum, on the other hand, has seen its dominance increase by 2.01% in the past 24 hours to 9.4% at the time of writing. However, the notion of a close altcoin season could crumble if Bitcoin dominance manages to make a monthly close above 64%.

In the cryptocurrency circle, wealth myths are never uncommon. Recently, a senior BTC holder claimed to have made a profit of up to $27,700 through cloud mining in just 7 days, which sparked heated discussions in the circle. What is the secret of huge profits behind this?

What is cloud mining? Why has it become a new trend?

Cloud mining is a way of cryptocurrency mining that does not require the purchase of mining machines or equipment maintenance, and can be participated in simply through the Internet. Users can obtain mining rewards for digital currencies such as Bitcoin and Dogecoin by renting the computing power provided by the cloud platform.

Advantages of cloud mining:

No technical threshold: suitable for ordinary investors, no need to know how to maintain mining machines.

Low initial investment: most platforms support free registration and give bonuses.

Stable source of income: lock computing power through long-term contracts to obtain continuous income. Stay away from the troubles of electricity bills and equipment depreciation.

Example Revealed: How to Earn $27,700 in 7 Days?

According to this BTC holder, he used a UK-regulated platform, XRP Mining, and achieved super high returns by combining the following strategies:

1. Choosing the right platform is the key

He specifically mentioned that there are too many cloud mining platforms on the market, and it is necessary to choose a legally registered and regulated platform.

2. Reasonable configuration of contracts

He did not blindly pursue “free income”, but purchased multiple short-term and long-term contracts on a free basis to diversify risks and increase returns.

3. Market window period

Since it coincided with the sharp rise in Bitcoin prices, the value of BTC produced by mining doubled. He chose to cash out at the high point within a week, and finally achieved a net profit of $27,700 in 7 days.

How to Join the XRP Mining Platform

• Visit the official website of XRP Mining. After successfully registering with one click, you can immediately receive a mining reward of $15. (You can also receive a $0.6 reward for daily sign-in)
• Investors can choose the appropriate cloud mining package according to their budget needs. The platform provides a variety of options.
• In terms of recharge, the platform has multi-currency compatibility and supports stable coins such as USDT – TRC 20, BTC, XRP, ETH, LTC, USDC, BNB, USDT – ERC 20, BCH, Doge, SOL, etc. After completing the platform recharge and successfully selecting the appropriate mining package, the system will automatically start mining immediately.
• During the entire mining process, investors can view the income in real time and intuitively through the platform, so that every income is clearly visible and under control.
• The mining income will be allocated to the account every day, and users can withdraw to their wallets at any time.

Contract Plan：

The XRP Mining platform offers a wide variety of options. It supports mining of a variety of mainstream cryptocurrencies, including BTC (Bitcoin), Doge (Dogecoin), LTC (Litecoin), etc., and can be switched freely and flexibly configured. The platform has launched a series of short-term, periodic and monthly high-yield contracts. All contracts are cloud-hosted, without hardware investment, and can guarantee daily returns.

【New User Experience Contract】:Investment amount: $100, contract period: 2 days, daily income: $5.0, maturity income: $100 + $10 【Avalon Miner A15-194T】:Investment amount: $500, contract period: 7 days, daily income: $6.25, maturity income: $500+ $43.75 【Bitcoin Miner S21 Pro】:Investment amount: $2,000, contract period: 15 days, daily income: $27, maturity income: $2,000 + $405 【Bitcoin Miner S21 XP Imm】:Investment amount: $8,800, contract period: 40 days, daily income: $133.76, maturity income: $8,800 + $5,350.4 【Avalon Air CoolingMining Box-40ft】:Investment amount: $28,000, contract period: 50 days, daily income: $490, maturity income: $28,000 + $24,500

For example:

Invest $28,000 to purchase a $28,000 [Avalon Air Cooling Mining

Box-40ft] contract with a term of 50 days and a daily yield of 1.75%.

After the purchase is successful, the user can obtain passive income every day = $28,000 × 1.75% = $490.

After 50 days, the user’s principal and income: $28,000 + $490 × 35 days = $28,000 + $24,500 = $52,500

For more contract plans, please log in to the XRP Mining official website.

You can get the profit the next day after purchasing the contract. When the account funds reach $100, you can choose to withdraw to your crypto wallet or continue to purchase other contracts.

XRP Mining platform advantages:

• Artificial intelligence system: automatically selects the most profitable mining currency and mining pool, optimizes computing efficiency, and achieves stable daily income.
• Automatic settlement of income: account balance is credited in real time, no manual operation is required, convenient and flexible. In terms of fund security, multiple encryption technologies, cold and hot wallet isolation, and global server disaster recovery system are used to ensure the security of user assets.
• 24-hour customer service: The platform has deployed multiple mining nodes around the world and provides 7×24-hour customer service support, covering users in multiple languages and regions. Whether through the web version or mobile application, users can manage their accounts, view mining income and market conditions, and track investment status at any time.
• Alliance plan: The platform has an invitation rebate mechanism. Inviting friends to join can get additional computing power rewards and commission returns, realizing “mining while promoting, doubling income”.

Master the method, ordinary people can also achieve crypto wealth freedom

Earning $27,700 in 7 days sounds like a myth, but it is not impossible with the right market environment, reliable platform and reasonable strategy. If you also want to try to expand your income source through cloud mining, you might as well start with XRP Mining, receive free computing power, and experience a mining experience that really works for you.

Contact information:

XRP Mining

Email: info@xrpmining.com

Official website: xrpmining.com

 

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

In a recent update shared on X, crypto analyst CRYPTOWZRD noted that Ethereum ended the day on a bearish note, mirroring Bitcoin’s decline. He pointed out that this synchronized drop suggests a potential rise in market volatility in the coming days, particularly at the start of next week. With volatility likely to persist, timing and precision will be key for navigating Ethereum’s next move.

ETHBTC Holds Promise For Future Upside Despite Near-Term Uncertainty

Expanding further on his recent analysis, the crypto analyst emphasized that Ethereum and ETHBTC both printed slightly bearish daily candles. This subtle shift in sentiment reflects the broader market uncertainty caused by ongoing geopolitical tensions. Such developments have instilled caution in the market, leading to short-term hesitations across major cryptocurrency assets, including Ethereum.

While the daily candles signal immediate weakness, the analyst remains cautiously optimistic about Ethereum’s medium- to long-term outlook, particularly for ETHBTC. He stated that ETHBTC should see further upside in the future, suggesting that the current retracement could simply be a temporary pause before a larger upward continuation. However, he warns that the weekend might bring renewed volatility.

Another factor that could shape Ethereum’s movement is the transition in traditional markets in the monthly and weekly time frame. In addition, Ethereum’s monthly candle closed strongly bullish after five consecutive months of weakness. This recovery could signal the beginning of a broader trend reversal, even if short-term movements remain uncertain.

Despite the positive monthly performance, the analyst also acknowledged that the weekly candle remained indecisive. This leaves traders with mixed signals going into the weekend. As a result, he plans to pay close attention to Ethereum’s intraday chart structure in the coming days, seeking opportunities to capitalize on short-term setups as they develop. 

ETH Next Move Hinges On $2,604 

Wrapping up his analysis, CRYPTOWZRD noted that Ethereum’s intraday chart appeared “somewhat volatile and bearish.” He emphasized that holding above the $2,604 resistance level could trigger further upside and present a long opportunity. However, trading below that level might lead to continued sideways volatility throughout the weekend.

He also pointed out that the market is entering a monthly transition phase, which often brings unpredictable movements. “Random volatility can occur at any moment without reason,” he explained, urging traders to stay cautious. CRYPTOWZRD plans to wait patiently for signs of stable price action before entering any positions. This cautious approach underlines the need for discipline and flexibility in times of increased market noise and uncertainty.

Crypto analyst Altcoin Sherpa recently raised the possibility of a Bitcoin price crash to $50,000. He also commented on the current price action and revealed the price level at which he expects a bounce, with BTC already witnessing a significant decline from its current all-time high (ATH). 

Analyst Predicts Bitcoin Price Crash To $50,000

In an X post, Altcoin Sherpa indicated that the Bitcoin price could still crash to as low as $50,000 by year-end. His accompanying chart showed that BTC will touch the $105,900 resistance level again and then begin its massive decline from there. In another X post, he revealed that his $50,000 prediction was just a joke and that he doesn’t think that will happen.  

However, the analyst is cautious about the current market conditions, stating that he is not rushing into any positions. He alluded to how the Bitcoin price had crashed following Donald Trump’s recent post, although he believes that a bounce should happen “relatively soon.” His accompanying chart showed that a bounce should happen between the $102,000 and $104,000 range. 

In a Truth Social post, Donald Trump stated that China had violated the trade agreement with the US, a statement that sparked concerns that the trade war between the countries could escalate again. Since Trump’s statement, the Bitcoin price has dropped from around $106,000 to as low as $103,100.  

Following this Bitcoin price crash, Altcoin Sherpa highlighted the point of control for BTC, which is around $104,000. He remarked that a bounce should happen from here. However, tensions between the US and China threaten to lead to lower prices. According to a Reuters report, Defense Secretary Pete Hegseth warned about an imminent threat from China and declared that they are ready to fight back.  

BTC Could Still Drop To As Low As $102,700

In an X post, crypto analyst Titan of Crypto suggested that the Bitcoin price could drop to as low as $102,700. He revealed that BTC is pulling back toward the daily Kijun at around $102,700, an area which had previously held and one which the analyst claimed could act as a solid base for the next move. 

In an earlier analysis, the crypto analyst had stated that the Bitcoin price could be on its way to retest previous resistance, which had turned support before it pushes higher. Amid this restest, Titan of Crypto warned that BTC cannot witness a reintegration below the current market structure as this could lead to lower prices. 

At the time of writing, the Bitcoin price is trading at around $103,700, down over 2% in the last 24 hours, according to data from CoinMarketCap.

Bitcoin and the broader crypto market have failed to find relief despite favorable Core Personal Consumption Expenditures (PCE) data in the United States. According to data from CoinGecko, the total cryptocurrency market capitalization dipped by nearly 5% on Friday, May 30th.

However, an industry expert has explained why the US macroeconomic landscape might not get better for the crypto and other risk asset markets over the next few months. This interesting projection suggests that the future looks a tad uncertain for the Bitcoin price and the rest of the cryptocurrency market.

Why Fed Rate Cuts Are Not Coming Soon

In a new post on the social media platform X, Jim Bianco explained why he expects the United States Federal Reserve not to cut the interest rate over the next three Federal Open Market Committee (FOMC) meetings. According to the investment research expert, the rationale behind the reduced likelihood of a rate cut is the rebounding US economy.

Bianco mentioned that it would be reckless for the US Fed to cut interest rates with the economy recovering strongly and prices rising. The macroeconomics researcher said that slowed imports — due to increased trade tariffs — have been positive for the nation’s gross domestic product (GDP).

Bianco further explained: 

Imports are “lost GDP.” It is a product manufactured outside the United States. Therefore, spiking imports, which cause a larger trade deficit, are a drag on GDP. It was the biggest reason the Q1 GDP was negative (revised yesterday from -0.3% to -0.2%). Liberation Day dramatically slowed imports, and the trade deficit reversed. This is boosting Q2 GDP. It is now estimated to be 3.8%, and could go higher as May was another slow import month.

The financial market expert also highlighted the resulting tariff-driven inflation happening in the US and how it could drive the 2.3% year-on-year CPI higher. Ultimately, Bianco believes that the probability of a Fed rate cut is extremely low, as the opposite would be a reckless move.

How Does This Impact The Bitcoin Market?

Typically, lower interest rates mean that riskier assets, like crypto and stocks, are more attractive investment options, as the yields on traditional assets (like treasury bonds) diminish. As seen in the past years, the Bitcoin market tends to rally whenever the US Fed cuts interest rates.

Moreover, Fed rate cuts often lead to a weaker US dollar, which could mean a higher value for assets priced against the United States currency. Hence, some investors use cryptocurrencies like Bitcoin to hedge against fiat currency debasement.

Related Reading: Fresh Capital Keeps Pouring Into Bitcoin – Matching 2021 Bull Market Inflows

In essence, rate cuts by the US Federal Reserve are generally bullish for Bitcoin and crypto, as they push investors to alternative markets for higher gains. However, it is important to consider the state of the economic environment before the rate cuts, as a positive macroeconomic landscape is often more favorable for the riskier assets.

It is also worth mentioning that the absence of rate cuts over the next three months might not necessarily have the opposite bearish effect on the Bitcoin market.

The Bitcoin price has witnessed its fair share of corrections in recent days after reaching a new all-time high last week. The premier cryptocurrency’s latest performance reflects what seems to be an exhaustion of bullish strength, as the general market fell under some downward pressure in May’s final week.

With the ongoing battle between the bulls and bears, there is no clear-cut way to tell what’s next for the Bitcoin price. However, a recent on-chain observation shows increased bullish activity on a popular centralized exchange, which could offer insight into the short-term movement of the market leader.

‘Decreased Bitfinex Longs May Be Good For BTC’s Momentum’ — Alphractal

In a May 30 post on social media platform X, crypto analytics firm Alphractal delved into the relationship between leveraged long positions on crypto exchange Bitfinex and the Bitcoin price direction. This analysis is based on the Bitfinex Long Vs. Short Position metric, which estimates the ratio of buys against the sells of a cryptocurrency (BTC, in this case). 

According to Alphractal, the relationship between BTC’s price trajectory and the leveraged long positions on Bitfinex is inversely proportional. This means that if there are more long positions on the crypto trading platform, the likelihood of a price drop increases. Meanwhile, a decrease in long positions on the exchange could be bullish for the Bitcoin price.

The analytics firm attributed this pattern to the propensity of traders to be wrong about the market’s actual trajectory. According to Alpractal, these wrong price predictions eventually lead to liquidations and forced position closures, which drive the BTC’s price in the opposite direction. 

In the recent post on X, Alphractal pointed out that the Bitfinex Long Position is declining, and if this trend is sustained, the premier cryptocurrency could resume its upward run. On the flip side, if the metric were to ascend above its current level, the Bitcoin price could be preparing for a severe pullback. 

Bitcoin Price At A Glance 

As of press time, Bitcoin trades just above $104,100, reflecting a more than 2% decline in the past 24 hours. The flagship cryptocurrency’s performance is even more disappointing on the weekly timeframe, having lost over 4% of its value in the past seven days.

Bitcoin is under renewed selling pressure after days of consolidating just below its $112,000 all-time high. The market, rattled by macroeconomic uncertainty and rising volatility, has forced BTC into a cooling phase around the $103K–$106K range. While bulls are still in control of the broader trend, the current pullback reflects growing caution among investors amid global financial headwinds.

One of the key factors shaping sentiment is the rise in US Treasury yields, which continues to signal systemic stress and tighter liquidity. These conditions have historically created a mixed environment for risk assets like Bitcoin and altcoins, often triggering temporary corrections before the next impulse move.

Top analyst Ted Pillows shared a compelling take, suggesting that Bitcoin dominance may have already peaked for this cycle. If true, this could mark the beginning of capital rotation into altcoins — a signal that altseason might be around the corner. With Ethereum and other top assets holding key levels, the market could be entering a transition phase. BTC may stabilize in the short term, but all eyes are now on whether altcoins begin to outperform and shift momentum across the broader crypto space.

Bitcoin Dominance In Question Amid Global Tensions

Bitcoin is facing a critical moment after retracing more than 7% from its recent all-time high of $112,000. As the price consolidates around the $103,000–$105,000 range, traders and analysts are watching closely to see whether this is a healthy pullback or the beginning of a broader shift in market structure. The retracement comes amid rising macroeconomic tensions, with the ongoing US–China tariff standoff introducing a new wave of uncertainty that’s rippling through global markets.

Despite short-term weakness, Bitcoin has been the undisputed leader of this cycle. Since its breakout in 2021, BTC has consistently outperformed the broader crypto market, showing resilience in the face of economic volatility and systemic financial risk. Altcoins, on the other hand, have struggled to regain their 2021 highs, with many still down significantly from their previous peaks.

However, not everyone believes Bitcoin will continue to dominate. Pillows recently suggested that BTC dominance has likely peaked for this cycle. While he cautions that “nothing goes down in a straight line,” a falling BTC dominance is historically one of the strongest signals for the beginning of an altseason. If this trend holds, it could mark a turning point for altcoins to reclaim market share and outperform in the coming months.

Still, the transition won’t be immediate. Dominance trends can take time to develop, and Bitcoin’s price action remains the key driver of overall market direction. For now, Bitcoin is testing support, and the broader market is holding its breath, watching closely for signs of a new phase in this bull cycle.

BTC Price Analysis: Approaching Make-or-Break Support

Bitcoin is currently trading at $103,764, hovering just above the key support level at $103,600. The 4-hour chart shows clear downward momentum after BTC failed to break through the $112K all-time high last week. Since then, price has declined steadily, with lower highs and lower lows forming a short-term bearish structure.

BTC is now testing the confluence of the horizontal support at $103,600 and the 200-period simple moving average (SMA), currently positioned around $102,600. This zone is critical for bulls to defend. A sustained break below it could open the door to deeper retracements, possibly toward the $100K psychological level or even the $98K–$99K region.

On the other hand, holding this support could lead to a rebound. Short-term moving averages (34 EMA and 50 SMA) have started to curl down, suggesting pressure remains, but oversold conditions could attract dip buyers if volume picks up.

For now, Bitcoin’s bullish structure is intact on higher timeframes, but the short-term trend hinges on the defense of this demand zone. The coming sessions will be crucial in determining whether BTC stabilizes for another leg up or breaks down to search for lower support.

Featured image from Dall-E, chart from TradingView

In a significant development for the industry, the US Securities and Exchange Commission’s (SEC) Division of Corporation Finance shared its view on crypto staking after the recent call for clear guidance on the sector. The SEC branch seeks to “provide greater clarity on the application of the federal securities laws to crypto assets.”

SEC Offers Clarity On Crypto Staking

On Thursday, the SEC’s Division of Corporation Finance issued new guidance on Protocol Staking, affirming that most of these activities are not subject to US securities laws and “don’t need to register with the Commission transactions under the Securities Act.”

In its statement, the regulatory agency said that certain staking activities on Proof-of-Stake (PoS) networks are not considered securities transactions under federal regulations. The SEC explained that the new guidance addresses the staking of cryptocurrencies “intrinsically linked to the programmatic functioning of a public, permissionless network.”

Therefore, these activities, including self-staking, self-custodial staking with direct third-party validators, and custodial staking where platforms stake assets on behalf of customers, don’t meet the criteria for an investment contract under the Howey Test and don’t involve the offer and sale of securities.

Journalist Eleanor Terret highlighted that the SEC’s statement “is a big deal for ETF providers who want to offer staking,” as it clarifies that “staking in this format is generally not thought of as a securities transaction by the Division of Corporation Finance.”

However, the guidance noted that it doesn’t address all staking practices: “This statement addresses Protocol Staking generally rather than all of its variations. Further, this statement does not address all forms of ‘staking,’ such as so-called ‘liquid staking,’ ‘restaking’ or ‘liquid restaking.’”

‘Stake It Till You Make It’?

Following the news, SEC Commissioner Hester Peirce stated that the new guidance “provides welcome clarity for stakers” as uncertainty surrounding regulatory views discouraged Americans from engaging in staking activities for fear of violating securities laws.

“Providing Security is not a ‘Security,’” she affirmed, adding that the unclear rules “artificially constrained participation in network consensus and undermined the decentralization, censorship resistance, and credible neutrality of proof-of-stake blockchains.”

The new guidance follows the industry’s call for clear staking rules, where a coalition of nearly 30 industry players and advocacy groups urged the SEC to offer clarity. As reported by Bitcoinist, the Crypto Council for Innovation’s (CCI) Proof of Stake Alliance (POSA) sent a letter signed by 29 industry giants to the SEC’s Crypto Task Force on April 30.

Acknowledging the SEC’s regulatory shift under the Trump administration, the letter argued that the existing securities disclosure regime was ill-suited for staking services, which are fundamentally technical instead of financial.

The crypto coalition asked for clear, principles-based guidance for staking and staking services, citing the SEC’s March statement on Proof-of-Work (PoW) mining, to protect users while enabling the growth of the staking industry.

However, not all SEC Commissioners agreed with the new guidance. Commissioner Caroline Crenshaw expressed her discontent in a Thursday statement, claiming that “staff ignores how its conclusions conflict with that applicable law.”

Crenshaw considers that the Division of Corporation Finance’s analysis “may reflect what some wish the law to be, but it does not square with the court decisions on staking and the longstanding Howey precedent on which they are based,” affirming that “This is yet another example of the SEC’s ongoing ‘fake it ‘till we make it’ approach to crypto – taking action based on anticipation of future changes while ignoring existing law.”

9 июля в Москве, в отеле Azimut Сити Смоленская, пройдет конференция от ICC Russia — Crypto & Trade Finance 2025. Мероприятие посвящено ВЭД, международной торговле и криптофинансам.

Bitcoin is facing a critical technical and psychological test after falling over 7% from its all-time high near $112,000. The retracement comes amid a wave of renewed global uncertainty, as the US and China reignite tariff battles, shaking investor confidence and injecting volatility into financial markets. Despite the macro headwinds, Bitcoin continues to attract attention as a hedge against systemic risk and political instability.

The current consolidation places Bitcoin just above $105,000, a level that many analysts are watching closely. According to top analyst Big Cheds, BTC is now approaching the 4-hour 200 moving average (MA), a historically significant dynamic support during previous bull cycles. A bounce from this level could confirm ongoing bullish momentum, while a failure to hold it might expose the market to further downside and trigger a broader risk-off move across crypto.

With altcoins also experiencing pressure, market participants are closely monitoring BTC’s next move to gauge broader sentiment. If bulls manage to defend key support and reclaim higher levels, the uptrend could resume. However, the coming days will be crucial, as Bitcoin navigates between technical structure, macroeconomic stress, and market-wide liquidity shifts.

Bitcoin Tests Support As Market Awaits Directional Break

Bitcoin is now testing a critical demand zone around the $103,000 level, following a sharp rejection from the $112,000 all-time high. After several failed breakout attempts in recent days, momentum has shifted, and BTC is pulling back amid a broader market cooldown. The move has increased short-term uncertainty, but the price still remains within a high-timeframe bullish structure.

Macroeconomic tensions continue to shape the crypto landscape, with rising US Treasury yields pointing to deeper systemic stress. Investors are navigating heightened volatility as global markets react to ongoing US-China trade disputes and mixed economic signals. Despite this, Bitcoin’s pullback may present a healthy consolidation phase rather than a trend reversal, provided bulls defend critical support levels.

Cheds highlights that Bitcoin is fast approaching the 4-hour 200 moving average, currently near $102,500. This is a historically reliable dynamic support level that has marked key reversal points in previous bull phases. A successful defense of this level could signal the end of the retracement and initiate the next leg higher. However, a breakdown below it could open the door for a deeper correction toward the $98K–$100K zone.

As BTC hovers near support, the coming sessions will be decisive. Holding above the 4H MA 200 could reignite bullish sentiment and restore upward momentum, while failure to do so may shift focus toward more defensive trading setups across the crypto market.

BTC Tests Daily Support Zone After 7% Retracement

Bitcoin is now trading near $103,300, testing the key support level marked by the previous range high at $103,600. After reaching a new all-time high at $112,000 earlier this week, BTC has pulled back over 7%, triggering a wave of uncertainty across the market. This support zone aligns with the 34-day EMA at $102,548, making it a pivotal area to watch for bulls aiming to regain momentum.

The chart shows BTC holding a strong uptrend structure despite the recent decline. Volume has increased slightly on this drop, suggesting some profit-taking but not yet panic selling. Price is still trading above all major daily moving averages, including the 50-, 100-, and 200-day SMAs, which remain upward-sloping—a signal that long-term trend structure is intact.

A bounce from current levels would confirm $103,600 as a new support floor and open the door for another attempt to reclaim the $109,300 resistance. However, if bears break below this zone, downside risk increases with the next major demand area around $98,000. With macroeconomic stress building and Bitcoin’s previous rally overextended, consolidation at this level may be necessary before the next leg up.

Featured image from Dall-E, chart from TradingView

Something strange just happened in crypto, and it might be the beginning of the biggest meme coin run we’ve seen yet.

The U.S. Securities and Exchange Commission (SEC), aka the fun police of finance, just raised the white flag. In a surprise twist, SEC Commissioner Hester Peirce said the agency is backing off regulating meme coins like $TRUMP.

That’s like removing the leash from a hyperactive Shiba Inu – expect chaos, excitement, and some serious gains.

To make things even wilder, Donald Trump just posted a $PEPE meme on Truth Social. If the former president is embracing meme culture, you can bet the rest of the world is watching.

Retail investors, whales, and degens alike are licking their lips. If regulation backs off and hype takes over, it could mean a perfect storm for meme coins. Let’s dive into what’s happening and look at three of the new crypto projects ready to blow.

A Big Shift for Meme Coins

For years, meme coins lived in a legal gray zone. The SEC looked at them with suspicion, sometimes lumping them in with scams and shady tokens.

But now? According to Hester Peirce, the agency is stepping away. She believes investors should be free to take meme coin risks without the SEC breathing down their necks.

That might sound like small news, but it’s actually massive. Fewer regulatory hurdles mean meme coins can grow, attract funding, and even flirt with mainstream acceptance.

Combine that with Trump’s $PEPE post, and it’s clear – meme coins aren’t just a joke anymore. They’re a movement.

1. Solaxy ($SOLX) – The Meme Coin with a Brain, a Blockchain, and a Frog

Solaxy ($SOLX) is rewriting the meme coin rulebook. It’s fast, it’s scalable, and it features the internet’s favorite frog, Pepe.

As Donald Trump drops $PEPE memes and the SEC backs off meme coin regulation, Solaxy steps into the spotlight with perfect timing. This isn’t just hype – it’s a headline-backed rocket.

$SOLX is the first-ever Layer 2 for Solana, solving its biggest headaches – congestion, failed transactions, and poor scalability. It combines Solana’s speed and low fees with Ethereum’s deep liquidity.

It’s a multichain meme monster, perfect for traders who want sniper-level performance and actual infrastructure behind their gains.

Currently in presale at $0.00174, over $42M has already been raised, with just 16 days left.

Analysts predict $SOLX could hit $0.032 in 2025 – that’s an impressive 1,738% increase from today’s price. If you bought $1,000 worth right now at $0.00174, you’d get around 574,713 tokens.

Stake those at 15% APY, and in one year, you’d be holding approximately 660,920 tokens. At today’s price that’s $1,150. At the 2025 prediction – over $21K.

That’s the kind of math that breaks brains – and breaks out into bull markets. Get in and buy $SOLX before the 16-day fuse runs out.

2. BTC Bull Token ($BTCBULL) – The Meme Machine That Bets on Bitcoin

With the SEC backing off and Trump sharing Pepe memes, BTC Bull Token ($BTCBULL) is in the perfect spot to explode with the next $BTC breakout.

BTC Bull Token ($BTCBULL) is a meme coin tailored for Bitcoin maxis and retail traders who want more than just price speculation.

Instead of riding the meme wave blindly, $BTCBULL ties its value directly to Bitcoin’s climb toward $1M. As $BTC hits major milestones – like $150K or $200K – holders are rewarded with real Bitcoin payouts, and the token’s supply is reduced through strategic burns, increasing scarcity and value.

But here’s the catch: to receive these Bitcoin rewards, you need to buy and hold $BTCBULL in Best Wallet. It’s a simple rule – no Best Wallet, no airdrops.

At just $0.00254, and with over $6.6M raised in crypto presale, $BTCBULL is gaining traction fast.

Thanks to a partnership with Best Wallet, even crypto newbies can receive $BTC rewards easily – no need for technical setups or confusing wallets.

As the political stage embraces memes and the regulators back off, $BTCBULL is perfectly positioned to ride the wave. It’s not just a meme – it’s a high-voltage, reward-powered tribute to the most dominant asset in crypto history.

If you believe in Bitcoin, this might be the most fun (and rewarding) way to bet big.

3. Pepe ($PEPE) – From Meme Mayhem to Market Momentum

Pepe ($PEPE) began as pure internet chaos – a token with no roadmap, no whitepaper, and no promise of utility. Just a green frog, a tight-knit community, and a mission to ride the meme wave as far as it could go.

And it worked. Within weeks of launch, $PEPE exploded in popularity, landing listings on major exchanges and drawing attention from every corner of Crypto X.

But $PEPE hasn’t stayed static. The project now has a roadmap focused on long-term growth, including token burns, liquidity enhancements, and community governance features.

It’s not just a frog anymore – it’s a full-blown movement.

At a current price of $0.00001127, $PEPE is well below its all-time high, making it an attractive re-entry point for traders looking to ride the next meme coin cycle.

With the SEC stepping away from meme coin crackdowns and mainstream figures like Trump posting Pepe content, the timing couldn’t be better.

The meme coin space just got political – and Pepe is sitting right at the center of the chaos.

Meme Coins Are Free – And That Means They Might Fly

When the rules loosen, creativity explodes. Meme coins are weird, risky, and often ridiculous – but that’s exactly why they work.

With the SEC backing off, and big names like Trump helping normalize the madness, we’re looking at a perfect storm for a meme coin breakout.

Solaxy ($SOLX) enters the scene as the first-ever Solana Layer 2. BTC Bull Token ($BTCBULL) taps into Bitcoin bullishness with meme energy. And Pepe ($PEPE) is pure, unfiltered internet hype.

All three are buzzing right now, and they could ride this new regulatory freedom straight to the moon.

Remember that meme coins are highly volatile. Always do your own research (DYOR) before investing.

Trading in the mid-$2,000 range, Ethereum (ETH) has repeatedly teased a move toward $3,000, only to fall short and retreat back into its current range. However, several crypto analysts remain confident that ETH’s ascent to $3,000 and beyond is only a matter of time.

Ethereum Showing Signs Of Renewed Strength

In a recent X post, crypto analyst Titan of Crypto highlighted ETH’s bullish price action. The analyst shared the following daily ETH chart, showing the cryptocurrency breaking out of a bullish flag following a period of consolidation – potentially setting its sights on a target of $3,800.

Fellow crypto analyst Master of Crypto shared Titan’s outlook, saying that ETH is “holding up really well right now.” In a separate X post, the analyst added:

It looks like a breakout is coming, and $3K is just around the corner. The fact that it’s outperforming #BTC this quarter is a strong sign that altcoin season is warming up.

Meanwhile, crypto trader Jelle urged patience. Sharing the following chart of ETH’s recent price movement, he emphasized that ETH is behaving as expected as it continues to challenge a key resistance level. According to Jelle, the “real fun” will begin once ETH hits $3,000.

Notably, ETH continues to attract strong institutional interest. Exchange-traded fund (ETF) inflows for Ethereum topped $91 million yesterday, with BlackRock alone accounting for $50.4 million of that total – a clear sign of sustained confidence in the digital asset.

Seasoned analyst Ali Martinez also highlighted significant whale accumulation. According to Martinez, wallets holding between 100,000 and 1,000,000 ETH acquired over 1 million ETH in the last 48 hours – a strong signal of long-term bullish sentiment.

Large ETH ETF inflows and whale purchases signal rising institutional confidence and aggressive accumulation – trends that often precede bullish price action. By reducing the available supply on the market, these moves can help fuel upward momentum and price appreciation.

Technical Patterns Signal Bullish Continuation

From a technical standpoint, Ethereum is showing encouraging signs. Crypto trader Merlijn The Trader pointed out that ETH appears to be closely following the Wyckoff Accumulation pattern.

In this pattern, the spring phase involves a false breakdown below support to shake out weak hands, followed by a test to confirm waning selling pressure. This sets the stage for the jump – a strong rally above resistance with significant volume, marking the start of a new uptrend.

According to Merlijn, ETH has already completed the spring and test phases and is now poised to enter the jump phase – potentially setting the stage for a move toward a new all-time high (ATH).

That said, all eyes are on the FTX creditor payouts expected later today. Experts warn that the massive $5 billion distribution could temporarily dampen ETH’s bullish momentum by increasing short-term selling pressure. At press time, ETH trades at $2,603, down 2.4% in the past 24 hours.

There’s one hour left until what could become one of the best presales, $MIND, enters its post-presale phase. And you don’t want to miss it.

MIND of Pepe ($MIND) relies on a self-sovereign AI agent that aims to transform the way crypto investors access information and interact with the market.

The project releases in an increasingly favorable context for AI agents, with names like Donut working to implement an AI-agent-driven crypto browser designed to throw punches at veterans like Opera and Brave.

The ‘First Agentic Crypto Browser’ Donut Raised $7M in Its Pre-Seed Round

Donut Browser made the official announcement on X, thanking HackVC, BITKRAFT, and Hongshan for their contributions.

But what is Donut?

As BITKRAFT Ventures shared on their X account:

Agentic browsers may represent a compelling shift in consumer entertainment by offering a broader context for user interaction and serving as an early touchpoint in the digital journey. When combined with crypto-based payment infrastructure, they could help address monetization challenges that have limited previous browser innovations.

—BITKRAFT, on X

Crypto browsers have the same functionality as standard browsers, with the only difference being the addition of crypto tools. Donut embeds its native dApps and crypto wallets directly into the browsing experience.

But what truly sets Donut apart from its competitors is its agentic frame. Donut’s AI agent can automate complex on-chain tasks like performing token swaps, choosing yielding strategies, and rebalancing the user’s portfolio for better profit taking on trades.

And, while Donut is among the first services that push the capabilities of its AI agent, other browsers have started adopting their own AI agents:

• Opera announced its first AI agent, Opera Neon, on May 28, 2025, which is designed to ‘rethink the role of the browser in the coming generation of the AI agentic web.’
• Brave’s AI assistant, LEO, can answer questions, read PDFs, summarize web pages, and even translate various languages.
• Google Chrome’s Gemini summarizes web pages, translates, simplifies more complex web content, and integrates into your workspace.
• Microsoft Edge’s Copilot is an AI browsing assistant that fulfills multiple functions, like chatting, summarizing reviews, comparing prices, and drafting emails and blog posts.

While these are primarily chat-based AI assistants, the widespread AI adoption is undoubtedly a trend, and it was only a matter of time until something like Donut would eventually emerge.

In this context, MIND of Pepe ($MIND) may represent a massive leap forward, thanks to its self-sovereign AI agent that promises to create its own crypto ecosystem.

With the Presale Almost Over, This Is the Last Chance to Buy Mind of Pepe

MIND of Pepe’s ($MIND) AI agent is tasked with creating its own ecosystem, interacting with users on platforms like X and Telegram, produce market predictions, offer crypto insights, and start and fuel conversations.

As the project receives increased community support, the AI agent can even create its own tokens, giving holders exclusive access before they go public.

This turns MIND of Pepe into a self-sustaining ecosystem, where the AI overlord can create its own ‘army’ of supporters and crypto investors.

The project’s whitepaper details the roadmap ahead in great detail, with a planned release for the AI agent in 2026.

MIND of Pepe is currently one of the best presales of 2025, after accumulating over $11.8M, $400K of them in the last 24 hours-only. This shows the growing investor interest and trust in the MIND of Pepe’s long-term potential.

Here’s a juicy $40K purchase from yesterday to show exactly that:

The presale is set to end at 11 AM UTC today. It will then enter the last post-presale phase before going public on June 3rd. You will still be able to buy your $MIND (with $ETH only) at the presale price until then, but the window is closing fast if you want to buy with $BNB, for instance.

$MIND’s performance post-presale should leave other projects behind in the dust, as our analysts foresee a token price of $0.00535 by the end of 2025. We’re talking about an ROI of 42% if you invest at the current price.

By 2030, we see $MIND going up to $0.035 for an ROI of 832%. And that’s not counting the over 200% staking APY, which further increases your gains down the road.

More importantly, these are conservative predictions. With higher public adoption and continuous tech expansion, MIND of Pepe could easily surpass our most optimistic projections.

If you don’t want to miss this window, you can buy $MIND right now for just $0.0037515. This price may very well be the lowest you’ll ever get before a potential explosion.

3 Days to Launch – Get your $MIND While You Can

Currently, the presale is one hour away from its last presale phase. After that, you will still have 3 days at your disposal to take advantage of the pre-listing price, until June 3. But only on Ethereum, not BNB.

MIND of Pepe ($MIND) promises to change the way you interact with the blockchain and the crypto market, and we’re here for the journey.

Remember, this isn’t financial advice. No matter how promising a project looks, always DYOR (Do Your Own Research) and invest wisely.

Nigel Farage, a British politician and leader of Reform UK, a right-wing political party has outlined a crypto-friendly comprehensive plan to position the United Kingdom as a global leader in digital finance should his Reform party win the next general election.

Speaking at the Bitcoin 2025 conference in Las Vegas, the Reform leader announced plans to introduce a Crypto Assets and Digital Finance Bill, aiming to reshape the country’s stance on cryptocurrencies and blockchain-based innovation.

Farage’s proposal includes several notable policy changes: establishing a national Bitcoin reserve within the Bank of England, reducing capital gains tax on crypto assets from 24% to 10%, and enacting legal protections to prevent banks from closing accounts linked to digital currency activity.

He emphasized the need for updated regulation, arguing that both Labour and Conservative governments have failed to adapt to the growing crypto sector. According to Farage, over 10% of UK citizens already hold digital assets, with one in four people under the age of 30 involved in the space.

A Push for Reform and Sovereignty Through Crypto

The Reform party’s crypto push is partly influenced by broader international trends, including the current US administration’s embrace of digital assets.

Farage drew comparisons between the UK’s slower pace and recent moves in the United States to provide regulatory clarity and support crypto innovation. He positioned Bitcoin as a tool of financial sovereignty, referencing both national independence and personal financial freedom.

According to recent polling data, Reform has gained momentum, now polling ahead of Labour and the Conservatives in some aggregated surveys.

However, the general election isn’t expected before August 2029. Farage acknowledged the long road ahead but stressed the importance of starting a national conversation. He pointed to his past influence on Brexit as an example of how public debate can shift political direction.

The UK currently holds roughly 61,245 BTC in government-managed wallets, placing it third globally behind the US and China. While Farage wants to expand this reserve, existing Treasury plans do not include such a strategy. Meanwhile, the UK has gradually been building a framework for crypto regulation.

This includes bans on crypto derivatives for retail investors, financial promotions rules, and consultations on future oversight of stablecoins, staking, and custody services.

Crypto Donations and Political Momentum

Reform UK has also become the first political party in Britain to accept donations in Bitcoin and other cryptocurrencies, a move Farage hopes will attract younger voters and tech-savvy supporters. He also reiterated his opposition to the introduction of a central bank digital currency (CBDC), calling it a threat to individual liberty.

Despite his party’s recent local election success and the growing appetite for alternatives to traditional finance, Farage made it clear that systemic change would require building significant political support.

He emphasized grassroots engagement and growing party membership as critical steps toward building what he called a “People’s Army” focused on long-term reform.

Whether Farage’s proposals gain traction or not, the speech signals that cryptocurrency policy could become a more prominent issue in UK politics. For now, the stage has been set for broader debate on how the country engages with digital finance in the years ahead.

Featured image created with DALL-E, Chart from TradingView