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Holds

Saylor’s Strategy Adds $1B in BTC as Bitcoin Price Holds Steady

by admin June 16, 2025

Strategy, the world’s largest corporate holder of Bitcoin, announced that it purchased another $1 billion worth of Bitcoin on Sunday, Sunday, June 15, 2025., amid the tensions in the Middle East, including an Israeli strike on Iranian nuclear sites.

Strategy buys more Bitcoin | Source: X

According to the founder, Micheal Salyor on X, Strategy bought 10,100 Bitcoin at an average price of $104,080 per coin, after Bitcoin dropped from $110,000 to a low of $103,639 during the same week. The software company now has a total Bitcoin stash of around 592,100 BTC. This is worth over $64 billion at the current rate.

This is Strategy’s second purchase this month. It has spent roughly $41.8 billion so far to build this holding, at an average of $70,666 per coin. Moreover, this new buy came just days after the company launched trading of its third Bitcoin-backed preferred stock, STRD, on the Nasdaq.

According to the announcement, Strategy funded the bulk of the purchase using proceeds from the STRD offering. The 10% Series A Perpetual Stride Preferred Stock was issued at $100 per share, raising around $979.7 million after costs.

The company also used funds from other share sales, including those from STRK and STRF preferred stock classes. The company used all of this money to buy more Bitcoin.

Strategy’s Bitcoin investment has gone up 19.1% this year. That’s up from 17.1% after its last buy on June 9. The company now hopes to reach a 25% gain by the end of the year. Back in May, Strategy raised this target from its original goal of 15%. For the current quarter, the investment is up 7.4%.

Meanwhile, Metaplanat, another Bitcoin Holding firm based in Japan announced just a few hours before Strategy that it also added 1,112 BTC worth $117.2 million to its holdings, This makes it a total of 10,000 BTC, which is the firm’s target for the year.

Saylor took to X to congratulate Metaplanet for the achievement. “Congratulations to @Gerovich , @DylanLeClair_ , and the entire $MTPLF team and shareholder community” he wrote.

As of the time of writing this report, Bitcoin is holding steady at around $107,700. This is a 2% increase over the last 24 hours, and it is gradually recovering since it hit its all-time high of $111,000 on May 22.

Also Read: Bitcoin Price Targets $168K on Cup-And-Handle Pattern Breakout

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June 16, 2025 0 comments

Crypto Trends

Bitcoin Holds Above $106K as U.S. Defense Secretary Threatens to Deploy Marines in LA

by admin June 8, 2025

Bitcoin (BTC)

maintained a steady climb Saturday as U.S. domestic tensions intensified.

Markets remained focused on crypto resilience despite unsettling headlines, including an immigration-related standoff in Los Angeles.

According to a report by CNBC, over 100 arrests have been reported as clashes continued between protesters and federal agents, prompting President Trump to authorize the deployment of 2,000 National Guard troops. By Sunday morning, elements of the 79th Infantry Brigade had arrived on-site, according to Northern Command.

Further escalation came with Defense Secretary Pete Hegseth warning that U.S. Marines at Camp Pendleton could also be mobilized if violence persists. Still, Bitcoin’s stability at $106,332 suggests crypto investors remain unfazed, treating the unrest as a regional event rather than a market-moving crisis.

Bitcoin traded within a narrow $1,057 range, from $105,043 to $106,101, and is currently hovering at $106,332. The price action showed a strong rebound after briefly dipping below $105,100, as buying interest re-emerged around the $105,400 support level, according to CoinDesk Research’s technical analysis model.

An early breakout attempt above $106,100 ran into selling pressure, creating a high-volume resistance zone. That move was short-lived as profit-taking set in, though the coin held onto its gains. The consolidation structure remains bullish, with the pattern of higher lows hinting at a potential push toward $107,000 if resistance breaks cleanly.

Despite broader macro headwinds, BTC continues to attract buyers during dips, underscoring its role as a perceived hedge amid rising uncertainty.

Technical Analysis Highlights

BTC traded within a $1,288 range (1.22%) between a low of $105,043.65 and a 24-hour high of $106,332.
Resistance around $105,900–$106,100 was broken as price surged beyond this zone with strong volume during the early afternoon.
Support at $105,400 held firm through several retests, reinforcing bullish sentiment.
A breakout to $106,332 occurred around 13:48, followed by minor profit-taking and stabilization above $106,000.
The hourly chart shows an ascending trend with consistent higher lows, invalidating the earlier “pump and dump” interpretation.
With momentum intact, BTC may test the $107,000 resistance level if current support near $105,800 holds.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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June 8, 2025 0 comments

Crypto Trends

Litecoin Holds Support Level as Layer-2 Launch Signals Broader Utlity

by admin June 4, 2025

Litecoin

is clinging to key technical support around $89 as a mix of fundamental and macro developments shape its short-term outlook, according to CoinDesk Research’s technical analysis data model.

The cryptocurrency traded in a tight range over the last 24 hours, testing lows near $88.92 before recovering. Despite forming a bearish head-and-shoulders pattern, volume support at $89 suggests buyers are stepping in.

This stability comes amid broader market uncertainty. The CD20 index of major cryptocurrencies fell around 1% over the same period, reflecting reduced risk appetite as geopolitical tensions and a weakening U.S. dollar shift capital toward hard assets like gold.

Still, Litecoin is seeing new tech upgrades and rising interest.

Lunar Digital Assets recently launched LitVM, a zero-knowledge Layer-2 network for Litecoin. Built on BitcoinOS and Polygon’s CDK, the system introduces EVM-compatible smart contracts and allows cross-chain swaps with Bitcoin

and Cardano .

These features aim to boost Litecoin’s role in decentralized finance while addressing long-standing security risks around blockchain bridges.

Litecoin also continues to see growing retail access. IG Group added LTC among various other tokens as it launched crypto trading in the UK. It’s impact, given the cryptocurrency’s scale, is likely to be limited if any.

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June 4, 2025 0 comments

NFT Gaming

Bitcoin Holds Steady With Neutral Funding Rates, Leaving Room To Rally – Details

by admin May 30, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin (BTC) has remained range-bound for the better part of the last week, hovering just below its latest all-time high (ATH) of $111,980 reached on May 21. Despite this milestone, speculative activity appears to be subdued, as funding rates on Binance – one of the largest crypto exchanges – continue to be in neutral territory.

Bitcoin Funding Rates Remain Neutral Despite New ATH

According to a recent CryptoQuant Quicktake post by contributor Amr Taha, Bitcoin funding rates on Binance have stayed close to zero, even in the wake of a new ATH. This subdued level of funding suggests that excessive leverage among retail traders is currently absent – a positive sign for the sustainability of the ongoing rally.

Source: CryptoQuant

For the uninitiated, funding rates are periodic payments exchanged between long and short traders in perpetual futures contracts to keep the contract price aligned with the spot price. When the rate is positive, long traders pay shorts, and when it’s negative, shorts pay longs – reflecting market sentiment and leverage.

In the current context, funding rates near zero indicate a balanced sentiment between bulls and bears, with neither side aggressively leveraging their positions. This neutrality points to a more stable market environment, reducing the risk of sudden liquidations and price crashes.

Adding, Taha brought attention to recent long-side liquidations that occurred when BTC slipped below two crucial price levels, $108,500, and $107,500. These events were captured in the below Bitcoin Buy/Sell Pressure Delta (90) chart, which further supports the narrative of cautious market participation.

Source: CryptoQuant

If funding rates continue to hover around zero, it could pave the way for further sustainable growth in BTC’s price. Combined with the current Buy/Sell Pressure Delta – which remains far below previous peak levels – there appears to be considerable upside potential remaining.

Inflows From New Investors Remain Sluggish

While neutral funding rates offer hope for continued price appreciation, on-chain data shows some signs of concern. The Unspent Transaction Output (UTXO) Age Band distribution indicates that inflows from new investors – those holding BTC for less than a month – remain sluggish, even after the recent ATH.

In a separate Quicktake post, analyst Avocado_onchain noted that the share of new investors has lingered around 30% during the current cycle, compared to over 50% in past bull runs. They cautioned:

In summary, if past patterns hold true, Bitcoin’s upside may be limited without significant inflows from new investors. For now, monitoring the growth in the share of new investors will be key to assessing future market direction.

Meanwhile, the Golden Ratio Multiplier suggests that BTC could soon enter a fresh price discovery phase, with potential targets as high as $130,000. At press time, Bitcoin trades at $107,617.

BTC trades at $107,617 on the daily chart | Source: BTCUSDT on TradingView.com

Featured Image from Unsplash.com, charts from CryptoQuant and TradingView.com

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May 30, 2025 0 comments

GameFi Guides

Paris Saint-Germain Confirms it Holds Bitcoin as it Heads to Champions League Final

by admin May 30, 2025

In brief

PSG has confirmed it holds Bitcoin on its balance sheet, becoming the first major sports club to treat BTC as a treasury asset.
The move shows PSG’s strategy to align with its young global fanbase and marks a shift away from short-term crypto promotions like NFTs and fan tokens.
Through PSG Labs, the club plans to back Bitcoin startups and help them scale globally, expanding its role from brand to builder in the crypto ecosystem.

Paris Saint-Germain has become the first major sports club to publicly confirm holding Bitcoin as part of its treasury, just days before competing in the UEFA Champions League final.

“We took our fiat reserves and we actually allocated Bitcoin,” Pär Helgosson, head of PSG Labs, said at the Bitcoin 2025 conference in Las Vegas on Thursday. “We still have it in our books. And as one of the largest clubs in the world, we’re the largest player in the sports ecosystem to do that.”

PSG’s move breaks from the playbook of most sports clubs, which have stuck to short-term crypto experiments like NFTs and fan tokens.

The decision to treat Bitcoin as a treasury asset points to PSG’s broader strategy to position itself as a “club of the new generation.”

“More than 80% of our fan base is actually under 34 years old,” Helgosson noted. “It means that we’re about what’s next, just like Bitcoin.”

While crypto fan tokens and NFTs had their moment during the last bull run, PSG launched its own fan token on Socios and minted AI-generated NFT posters via Crypto.com.

The club, which boasts over 550 million fans globally, is now leveraging that reach through PSG Labs.

Founded last year, the global venture platform aims to incubate Bitcoin ventures and help them scale their operations.

“We will launch with you, list with you, raise with you,” Helgosson said. “We will help you find that global market.”

At the same conference, officials from Pakistan announced plans to establish a national Bitcoin reserve, marking a shift in how both governments and institutions are approaching BTC as part of long-term financial infrastructure.

The world’s largest crypto is trading at $106,113, down 1.6% in the last 24 hours, according to CoinGecko data.

Paris Saint-Germain will face Inter Milan in the UEFA Champions League final this Saturday in Munich.

Edited by Sebastian Sinclair

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May 30, 2025 0 comments

Crypto Trends

Dogecoin Price Could Surge Further As Demand Grows, But This Trendline Holds The Key

by admin May 26, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

As the market retraces from its gains from last week, the Dogecoin price has been put into a tight spot regarding the continuation of its uptrend. So far, bulls have managed to stay above $0.2, but for how long remains a mystery, especially as volume stagnates during this time. However, it is not completely bad news for the meme coin as one crypto analyst has pointed out some bullish formations on the Dogecoin price chart.

Bullish Momentum Is Still Forming For Dogecoin Price

While the current crypto market headwinds have turned bearish, there could still be some hope for the Dogecoin price. As a crypto analyst shows in a TradingView post, there are still some levels where the Dogecoin price is seeing demand. This shines through in the 960-minute chart, which has become the main point of focus.

According to the analyst, there is a lot of strong demand showing up for Dogecoin at this level. This demand has not waned and has instead waxed stronger as the market has tumbled and the Dogecoin price has followed suit. Moving forward, the analyst explains that even if the price does go lower from here, then there is still strong demand for DOGE at this level.

With this demand building up, the Dogecoin price has moved toward retesting the recent breakout level. This is the area above $0.22 where the Dogecoin price began its last move upward. A successful retest and break of this level could confirm a bullish continuation for the price.

Source: TradingView

However, there is still a lot of pressure from bears who have already pushed DOGE back below $0.22 at the time of this writing. Thus, the next support zone has now moved to $0.2073, as the analyst highlights in the post. In addition to this, there is also a descending trend line resistance that is being tested by the meme coin.

The importance of this descending trend line resistance cannot be overstated as it acts as a make or break level for the price. A break above would be bullish and price would move upward. But a break below this trend line and invalidating the support at $0.2073 could be catastrophic for the price.

Another development that suggests bullish momentum is on the 60-minute chart. Here, the crypto analyst points out the formation of a reverse headed and shoulders pattern. This pattern is historically bullish for the Dogecon price. But it is still important that the cryptocurrency does break out of the trend line before there can be a continuation of the bullish trend which began last week.

DOGE begins fresh push for new peaks | Source: DOGEUSDT on TradingView.com

Featured image from Dall.E, chart from TradingView.com

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May 26, 2025 0 comments

NFT Gaming

5% Drop Finds Support as Holder Confidence Holds

by admin May 24, 2025

Shiba Inu (SHIB) has stabilized following significant price volatility, establishing a consolidation pattern between $0.00001440 and $0.00001456.

The meme token faced intense selling pressure with volume reaching 1.72 trillion during peak decline, but multiple tests of support at $0.00001440 showed strong buyer interest.

Despite short-term fluctuations, blockchain data reveals remarkable holder loyalty, with over 1.13 million addresses maintaining their positions for more than a year, signaling confidence in SHIB’s long-term prospects.

The Shiba Inu ecosystem continues development with a significant Shibarium blockchain update focused on improving decentralization. This aligns with the team’s strategy to enhance utility beyond meme status.

While technical indicators show mixed signals with moderate bullish momentum but lacking strong breakout confirmation, AI predictions from platforms like Google’s Gemini suggest potential growth to $0.00003 by 2025, representing a possible 105.9% increase from current levels.

Technical Analysis Highlights

SHIB experienced a notable 5.4% price decline over the 24-hour period, with the overall range spanning from a high of 0.00001507 to a low of 0.00001424, representing a volatility range of 0.00000083 (5.5%).
The token found strong volume-supported resistance at the 0.0000146 level during the 23:00 hour when selling pressure intensified with volume reaching 1.72 trillion, significantly above the 24-hour average.
After the sharp decline, SHIB established a consolidation pattern between 0.00001440 and 0.00001456, with multiple tests of support at 0.00001440 showing buyer interest, suggesting potential stabilization before the next directional move.
In the past hour, SHIB experienced significant downward pressure, dropping from 0.00001448 to 0.00001440, representing a 0.56% decline.
The token faced intense selling between 13:54-13:57, with volume spiking to 16.45 trillion at 13:57, creating a local bottom at 0.00001430.
A brief recovery attempt occurred at 14:01 when price rebounded to 0.00001441, forming a potential support zone between 0.00001439-0.00001440, though momentum remains bearish as evidenced by the inability to reclaim the 0.00001445 resistance level.

External References

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May 24, 2025 0 comments