Author: John Smith

U.S. stocks ended higher on Monday, showing resilience despite rising trade tensions between Washington, Beijing, and Brussels.  The Nasdaq Composite climbed 0.7%, while the S&P 500 added 0.4%. The Dow Jones Industrial Average posted a marginal gain of less than 0.1%. The uptick came after China pushed back against President Trump’s accusation that it had breached the trade truce struck earlier this year.  Beijing blamed the U.S. for escalating tensions by tightening export controls on AI chips and restricting visas for Chinese students.  Meanwhile, Treasury Secretary Scott Bessent expressed confidence that President Trump and Chinese President Xi Jinping would resume…

Sky Protocol’s governance token has seen a notable price surge in the past 24 hours, rising by more than 8% as staking rewards for the token went live. The Sky (SKY) token, which recently became the sole governance token of the Sky Ecosystem protocol following a rebranding from Maker (MKR), ranked among top gainers as price spiked to highs of $0.073. A significant portion of the gains for SKY came amid the decentralized finance platform’s announcement that staking rewards with the USDS stablecoin were now live for SKY stakers. USDS rewards are now live for SKY Staking.SKY stakers gain access…

Last week, Donald Trump’s delay on European tariffs marked the return of the bullish rally on gold, and this week, the escalation of war between Ukraine and Russia, has further brought buying pressure in gold. Gold is now comfortably trading over $3350, and aiming for $3400 and possibly a new all-time high above $3500 as well.  Similar to last week, the bias is gold is buy, upon retracement to specific levels.  Let’s discuss the key pivot levels for gold buying and selling in this XAUUSD weekly forecast of June 2nd to June 6th, 2025. Previous week’s forecast recap of crypto.news…

Meta joined Microsoft and Amazon in rejecting a shareholder vote on holding Bitcoin reserves. VanEck’s Matthew Sigel thinks they are wrong. Source link

Bitcoin has seen a major pullback from its all-time high of $111,880, as a macroeconomic reversal wipes out futures traders. Bitcoin (BTC) remains strong after a pullback from a major rally, states a report by Bitfinex analysts, released on Monday, June 2. After reaching its all-time high of $111,880 with a 50% rally in just 45 days, the asset has encountered significant macroeconomic pressure. Notably, reinstated tariffs resulted in a sharp spike in Treasury yields, with 30-year Treasury yields rising above 5 percent. These factors are fueling risk-off sentiment, which is affecting both stocks and Bitcoin. Moreover, the Bitcoin derivatives…

Sonic token has confirmed a deviation at a major range low with a strong impulsive recovery candle. Price is now back above the $0.38 daily support level, opening the door for a 55.6% move within the current high-timeframe trading range. After trading below key support and grabbing liquidity, Sonic (Sonic) has shown clear strength by closing decisively above $0.38. This move meets the conditions of a classic deviation setup, which occurs when price briefly moves below a range low, taking out stop losses, before reclaiming the level with conviction. Such setups often lead to powerful mean reversions or range expansions,…

NewGenIvf Group Limited, a leading fertility services provider in Asia, announced plans to invest $30 million in Solana staking, deepening its expansion into the blockchain sector. The move follows a $1 million investment in Bitcoin (BTC) made by NewGen in December 2024.  This latest decision marks a significant increase in its digital asset exposure. The company said the $30 million investment will be financed through existing credit lines with ATW and White Lion. Solana (SOL), renowned for its high-speed transactions and expanding decentralized app ecosystem, enables token holders to earn staking rewards while supporting the network’s operations. CEO Siu Wing…

BitGo will facilitate the $100 million XRP purchase by publicly traded company VivoPower International PLC, the companies have announced. VivoPower will leverage BitGo’s digital assets infrastructure to acquire XRP (XRP) as the company looks to execute the purchase of an initial $100 million worth of the Ripple cryptocurrency. The two firms shared the development in an announcement on June 2, 2025. Specifically, BitGo has entered a strategic partnership with VivoPower, with this allowing the Nasdaq-listed firm to buy and trade XRP via BitGo’s over-the-counter trading desk. VivoPower will also tap into BitGo’s custody custody solution to hold its XRP. The…

Changes to Trump-era tariffs are reportedly on hold as the president awaits a call with his Chinese counterpart. Meanwhile, the European Union has issued a warning of potential retaliation. U.S. stock indices closed mixed on Monday, June 2, as trade policy uncertainty kept investors cautious. The Dow Jones fell 194 points, or 0.46%, to 42,075, while the S&P 500 held flat at 5,909 points. The Nasdaq gained 61 points, or 0.32%. Trade policy was in focus, as tensions between China and the U.S. once again ignited. China accused the U.S. of discriminatory restrictions, especially relating to new controls on AI…

Bitcoin’s recent pullback has sparked debate: is the bullish trend still intact, or is a deeper correction on the horizon? With price currently trading above a key channel low and the 200-day moving average, this zone may represent the foundation for the next leg higher—toward $116,000. After tapping a new all-time high around $111,900, Bitcoin (BTC) entered a corrective phase, pulling back toward high-timeframe support at $104,300. This zone marks the bottom boundary of the bullish channel that has contained price action for months. Rejections from the channel high often lead to retests of the channel low, which is precisely…