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Bitcoin's Volatile Week: $105K, RSI Recovery, and June's Balanced History | Crypto Willy's Market Update
Cryptocurrency News Today: Market Updates & Analysis podcast.
Hey crypto comrades, Crypto Willy here with your weekly digest of everything happening in the digital asset space! Let's dive right into what's been shaking in the crypto markets as we kick off June 2025.
Bitcoin has been on quite the rollercoaster this past week, currently trading around the $105,000 mark after experiencing some notable volatility. Just today, June 3rd, we saw BTC drop 3.2% in a two-hour window, plunging from $69,500 to $67,280 between 8:00 and 10:00 UTC. Don't panic though – by noon, the market was already showing signs of recovery.
Looking at the technical indicators, Bitcoin's Relative Strength Index dipped to 42 during the morning sell-off before climbing back to a healthier 55 by midday, suggesting the momentum is shifting back toward buyers. Ethereum followed a similar pattern, with its RSI recovering from 40 to 53 in the same timeframe.
What's driving these movements? There's a clear correlation with traditional markets, as the S&P 500's 0.5% decline coincided perfectly with Bitcoin hitting its daily low. This reinforces what I've been saying about risk asset synchronization becoming more pronounced in 2025.
Despite the short-term jitters, the medium and long-term outlook remains broadly bullish. Professional trader Willy Woo suggests Bitcoin has a high probability of moving toward the $118,000 area in the coming days, while Iván Paz Chain, CEO of Trading Different, points out this price zone holds significant liquidity that could facilitate such a move.
Trading volume is telling an interesting story too. BTC/USD on Coinbase surged to $650 million in the 24 hours ending at noon today – a 20% increase from yesterday. Similarly, ETH/USD volume hit $380 million, up 18%, reflecting heightened interest from both retail traders and institutional players.
Speaking of institutions, spot Bitcoin ETF inflows reached $105 million on June 2nd, according to BitMEX Research, suggesting sustained interest despite the day-to-day volatility.
Historically, June has been a perfectly balanced month for Bitcoin with six positive and six negative Junes since 2013. Will 2025 break the pattern? Most analysts expect Bitcoin to consolidate between $97,000 and $112,000 this month, with a break above $112,000 potentially triggering another rally.
For those looking beyond Bitcoin, keep an eye on HYPE, BNB, KAITO, and TAO, which are showing promise backed by trends in AI, DeFi, and even meme coins.
That's all for this week's update! Remember, in this market, aligning your trading strategies with technical data and keeping an eye on stock market trends remains essential for navigating the daily mood swings of crypto in 2025. This is Crypto Willy signing off – stay decentralized, my friends!
Get the best deals https://amzn.to/3ODvOta
Hey crypto comrades, Crypto Willy here with your weekly digest of everything happening in the digital asset space! Let's dive right into what's been shaking in the crypto markets as we kick off June 2025.
Bitcoin has been on quite the rollercoaster this past week, currently trading around the $105,000 mark after experiencing some notable volatility. Just today, June 3rd, we saw BTC drop 3.2% in a two-hour window, plunging from $69,500 to $67,280 between 8:00 and 10:00 UTC. Don't panic though – by noon, the market was already showing signs of recovery.
Looking at the technical indicators, Bitcoin's Relative Strength Index dipped to 42 during the morning sell-off before climbing back to a healthier 55 by midday, suggesting the momentum is shifting back toward buyers. Ethereum followed a similar pattern, with its RSI recovering from 40 to 53 in the same timeframe.
What's driving these movements? There's a clear correlation with traditional markets, as the S&P 500's 0.5% decline coincided perfectly with Bitcoin hitting its daily low. This reinforces what I've been saying about risk asset synchronization becoming more pronounced in 2025.
Despite the short-term jitters, the medium and long-term outlook remains broadly bullish. Professional trader Willy Woo suggests Bitcoin has a high probability of moving toward the $118,000 area in the coming days, while Iván Paz Chain, CEO of Trading Different, points out this price zone holds significant liquidity that could facilitate such a move.
Trading volume is telling an interesting story too. BTC/USD on Coinbase surged to $650 million in the 24 hours ending at noon today – a 20% increase from yesterday. Similarly, ETH/USD volume hit $380 million, up 18%, reflecting heightened interest from both retail traders and institutional players.
Speaking of institutions, spot Bitcoin ETF inflows reached $105 million on June 2nd, according to BitMEX Research, suggesting sustained interest despite the day-to-day volatility.
Historically, June has been a perfectly balanced month for Bitcoin with six positive and six negative Junes since 2013. Will 2025 break the pattern? Most analysts expect Bitcoin to consolidate between $97,000 and $112,000 this month, with a break above $112,000 potentially triggering another rally.
For those looking beyond Bitcoin, keep an eye on HYPE, BNB, KAITO, and TAO, which are showing promise backed by trends in AI, DeFi, and even meme coins.
That's all for this week's update! Remember, in this market, aligning your trading strategies with technical data and keeping an eye on stock market trends remains essential for navigating the daily mood swings of crypto in 2025. This is Crypto Willy signing off – stay decentralized, my friends!
Get the best deals https://amzn.to/3ODvOta
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By Quiet. PleaseCryptocurrency News Today: Market Updates & Analysis podcast.
Hey crypto comrades, Crypto Willy here with your weekly digest of everything happening in the digital asset space! Let's dive right into what's been shaking in the crypto markets as we kick off June 2025.
Bitcoin has been on quite the rollercoaster this past week, currently trading around the $105,000 mark after experiencing some notable volatility. Just today, June 3rd, we saw BTC drop 3.2% in a two-hour window, plunging from $69,500 to $67,280 between 8:00 and 10:00 UTC. Don't panic though – by noon, the market was already showing signs of recovery.
Looking at the technical indicators, Bitcoin's Relative Strength Index dipped to 42 during the morning sell-off before climbing back to a healthier 55 by midday, suggesting the momentum is shifting back toward buyers. Ethereum followed a similar pattern, with its RSI recovering from 40 to 53 in the same timeframe.
What's driving these movements? There's a clear correlation with traditional markets, as the S&P 500's 0.5% decline coincided perfectly with Bitcoin hitting its daily low. This reinforces what I've been saying about risk asset synchronization becoming more pronounced in 2025.
Despite the short-term jitters, the medium and long-term outlook remains broadly bullish. Professional trader Willy Woo suggests Bitcoin has a high probability of moving toward the $118,000 area in the coming days, while Iván Paz Chain, CEO of Trading Different, points out this price zone holds significant liquidity that could facilitate such a move.
Trading volume is telling an interesting story too. BTC/USD on Coinbase surged to $650 million in the 24 hours ending at noon today – a 20% increase from yesterday. Similarly, ETH/USD volume hit $380 million, up 18%, reflecting heightened interest from both retail traders and institutional players.
Speaking of institutions, spot Bitcoin ETF inflows reached $105 million on June 2nd, according to BitMEX Research, suggesting sustained interest despite the day-to-day volatility.
Historically, June has been a perfectly balanced month for Bitcoin with six positive and six negative Junes since 2013. Will 2025 break the pattern? Most analysts expect Bitcoin to consolidate between $97,000 and $112,000 this month, with a break above $112,000 potentially triggering another rally.
For those looking beyond Bitcoin, keep an eye on HYPE, BNB, KAITO, and TAO, which are showing promise backed by trends in AI, DeFi, and even meme coins.
That's all for this week's update! Remember, in this market, aligning your trading strategies with technical data and keeping an eye on stock market trends remains essential for navigating the daily mood swings of crypto in 2025. This is Crypto Willy signing off – stay decentralized, my friends!
Get the best deals https://amzn.to/3ODvOta
Hey crypto comrades, Crypto Willy here with your weekly digest of everything happening in the digital asset space! Let's dive right into what's been shaking in the crypto markets as we kick off June 2025.
Bitcoin has been on quite the rollercoaster this past week, currently trading around the $105,000 mark after experiencing some notable volatility. Just today, June 3rd, we saw BTC drop 3.2% in a two-hour window, plunging from $69,500 to $67,280 between 8:00 and 10:00 UTC. Don't panic though – by noon, the market was already showing signs of recovery.
Looking at the technical indicators, Bitcoin's Relative Strength Index dipped to 42 during the morning sell-off before climbing back to a healthier 55 by midday, suggesting the momentum is shifting back toward buyers. Ethereum followed a similar pattern, with its RSI recovering from 40 to 53 in the same timeframe.
What's driving these movements? There's a clear correlation with traditional markets, as the S&P 500's 0.5% decline coincided perfectly with Bitcoin hitting its daily low. This reinforces what I've been saying about risk asset synchronization becoming more pronounced in 2025.
Despite the short-term jitters, the medium and long-term outlook remains broadly bullish. Professional trader Willy Woo suggests Bitcoin has a high probability of moving toward the $118,000 area in the coming days, while Iván Paz Chain, CEO of Trading Different, points out this price zone holds significant liquidity that could facilitate such a move.
Trading volume is telling an interesting story too. BTC/USD on Coinbase surged to $650 million in the 24 hours ending at noon today – a 20% increase from yesterday. Similarly, ETH/USD volume hit $380 million, up 18%, reflecting heightened interest from both retail traders and institutional players.
Speaking of institutions, spot Bitcoin ETF inflows reached $105 million on June 2nd, according to BitMEX Research, suggesting sustained interest despite the day-to-day volatility.
Historically, June has been a perfectly balanced month for Bitcoin with six positive and six negative Junes since 2013. Will 2025 break the pattern? Most analysts expect Bitcoin to consolidate between $97,000 and $112,000 this month, with a break above $112,000 potentially triggering another rally.
For those looking beyond Bitcoin, keep an eye on HYPE, BNB, KAITO, and TAO, which are showing promise backed by trends in AI, DeFi, and even meme coins.
That's all for this week's update! Remember, in this market, aligning your trading strategies with technical data and keeping an eye on stock market trends remains essential for navigating the daily mood swings of crypto in 2025. This is Crypto Willy signing off – stay decentralized, my friends!
Get the best deals https://amzn.to/3ODvOta