Bitcoin’s price is shooting through the roof, hovering near $100,000 like it owns the place. But the actual activity on the Bitcoin network?
Singapore court slams WazirX’s restructuring plan
The crypto exchange trying to patch things up after the $230 million hack last year, just got a big fat no from the Singapore High Court.
Bitcoin Navigates Macro Storm as China Deflation Dampens Risk Appetite
Bitcoin’s recent struggle reflects heightened uncertainty from U.S.–China trade talks and China’s deflationary signals, which dampen risk appetite and reinforce BTC’s correlation with global markets.
These macro headwinds could cap upside potential, but BTC’s role as a hedge against economic instability may attract dip-buyers if trade tensions ease.
Investors should monitor $100,000 as critical support and $107,000 as resistance, with a break above signaling renewed bullish momentum.
BTC may trade between $100,000–$108,000, with volatility driven by trade talk outcomes and ETF net flows.
A close above $105,000 could spark a rally toward $110,000, but persistent risk-off sentiment risks a dip to $96,000.
ETH is likely to range between $2,400–$2,800, with trade tensions and deflationary pressures limiting gains.
Network upgrades and ETF inflows could support a push toward $2,700, though a broader market sell-off may test $2,300 support.
Ryan Lee, Chief Analyst at Bitget Research
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
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Coinbase says it has reduced frozen accounts by 82%. CEO Brian Armstrong called it a “major issue” and said the problem had existed “longer than is acceptable.”
$5.2B ETF inflows and Bitcoin’s new ATH makes May epic
Alright, the crypto market in May was epic. Like your office after a surprise audit, a bit chaotic, a little tense, but somehow still managing to pull through with a win.
