Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee to read what experts say about Bitcoin’s (BTC) price outlook from a technical standpoint. They cite structural signals emerging beneath the surface. Remarks come amid the growing influence of macro factors on the pioneer crypto.
Crypto News of the Day: Bitcoin’s Structural Signals Point to Imminent Breakout, Markus Thielen Says
Bitcoin is pressing against a major technical ceiling this week, and the next move could set the tone for crypto markets through the summer. In the latest 10X Research, Markus Thielen warns that while prices appear range-bound, deeper market structure is flashing rare alignment.
“Funding rates, trend breakouts, and contrarian positioning are lining up in a way we haven’t seen in months. The market setup appears significantly different from what most investors anticipated just weeks ago,” Thielen wrote.
Thielen notes that negative funding rates, typically a contrarian bullish indicator, are reemerging alongside strong spot demand and technical breakouts.
“Few notice the deeper structural signals emerging beneath the surface,” he said, calling this a “high-conviction signal” for potential upside.
While Bitcoin eyes a decisive breakout, Ethereum continues to underperform. According to Thielen, a breakdown in Ethereum’s core fundamentals is quietly confirming its weakness, even as some altcoins show early signs of life.
“Some altcoins are starting to stir, but only a few are flashing green,” he added.
Stablecoin dynamics are also shifting. According to the researcher, while Circle celebrates its IPO, Tether is quietly back to minting at full speed. Blockchain analytics firm Lookonchain revealed that Tether minted $1 billion USDT on the Tron blockchain.
This is its second major mint in less than a month. It follows the issuance of $2 billion worth of USDT on May 21, which came amid significant market volatility. This signals a renewed appetite for crypto liquidity.
Meanwhile, analysts say Circle’s IPO echoes past crypto market tops, like Coinbase’s IPO, which preceded Bitcoin’s 54% drop. In their opinion, therefore, the stablecoin issuer going public may be a sell signal for Bitcoin.
“Circle IPO is a trap for retail. Americans don’t need USDC. They already have USD. As for foreigners, they already have USDT and others. This IPO is great for insiders but not for retail,” investor Bernard Beckett commented.
Circle’s IPO Draws ETF Spotlight
Elsewhere, the market narrative around Circle is gaining momentum following its IPO. Analyst Eric Balchunas noted that the public issuance is about to get ETF (exchange-traded fund) treatment.
Henry Jim of ETF Hearsay set a preliminary effective date of August 20, 2025, which could place Circle alongside other major single-stock ETF plays. Such a move would boost its visibility among retail and institutional investors alike.
According to a new report from QCP Capital, market volatility remains strikingly muted despite Bitcoin’s bullish structural signals.
“Implied volatility continue to come under pressure, with BTC stuck in a tight range as summer approaches,” read the report.
While 1-year implied volatility looks cheap, realized volatility is even lower. This suggests that few traders expect fireworks in the near term.
“Historical data over the past two years suggest that frontend vols tend to drift further into July…without a breakout above $110,000 or below $100,000,” QCP noted, adding that BTC would likely remain range-bound.
Traders are pushing back their bullish timelines, with options flows over the past week reflecting this indecision.
All eyes now turn to this week’s US CPI and PPI prints, which could jolt crypto markets out of their slumber.
Until then, Bitcoin’s fate, and by extension, the summer’s trading tone, hinges on whether it can decisively clear its breakout level or stall once again.
As indicated in a recent US Crypto News publication, sound money advocate Lawrence Lepard says Bitcoin is the asymmetric bet amid macroeconomic noise.
Chart of the Day
This chart shows BTC traded for $107,234 as of this writing. After confirming the 20% target objective of the falling wedge pattern, the pioneer crypto ascended to an all-time high of $111,980.
However, profit booking interrupted the rally, establishing a supply zone between $109,242 and $111,774. Traders looking to take a long position on Bitcoin should wait for a candlestick close above the midline (mean threshold) of the supply zone at $110,478.
A candlestick close above this midline on the daily time frame would set the tone for a new all-time high, potentially flipping the supply zone into a bullish breaker.
Byte-Sized Alpha
Here’s a summary of more US crypto news to follow today:
- Bitcoin Core’s transaction relay policy aims to enhance block propagation and fee prediction, but faces backlash for potentially enabling spam.
- Ethereum led crypto inflows with $296.4 million last week, marking its strongest streak since the November US elections.
- XRP’s price surge is supported by long-term holders reducing liquidation activity, signaling a strong rally ahead.
- A dormant ETH whale from the ICO era has sold over $25 million since May, with others shifting large volumes to centralized exchanges.
- On-chain data highlights a liquidity cluster around $106,736, increasing the likelihood of a Bitcoin price breakout past $105,000 toward a $109,000 target.
- Circle’s IPO on June 5, echoes past crypto market tops, like Coinbase’s IPO, which preceded Bitcoin’s 54% drop.
- Binance Alpha’s airdrop threshold has soared to 233 points, sparking concerns among traders about rising costs and accessibility.
- Altcoin season remains elusive as Bitcoin dominance holds strong at 58%, far from the sub-50% needed for altcoin rallies. Analyst Michaël van de Poppe stresses fundamentals over timing, urging focus on undervalued altcoins with resilient development teams.
- Berachain sees $1.2 billion net outflows and TVL down over 70%, but community sentiment shifts from optimism to skepticism amid sustained losses.
- Bitcoin spot ETF outflows slowed to $129 million last week, indicating reduced bearish momentum among institutional investors.
Crypto Equities Pre-Market Overview
| Company | At the Close of June 6 | Pre-Market Overview |
| Strategy (MSTR) | $374.47 | $382.99 (+2.28%) |
| Coinbase Global (COIN) | $251.27 | $256.00 (+1.88%) |
| Galaxy Digital Holdings (GLXY.TO) | $19.98 | $20.55 (+2.85%) |
| MARA Holdings (MARA) | $15.78 | $16.24 (+2.92%) |
| Riot Platforms (RIOT) | $9.85 | $10.21 (+3.65%) |
| Core Scientific (CORZ) | $12.19 | $12.39 (+1.64%) |
The post Bitcoin Poised for Breakout, But Altcoin Summer Still Uncertain | US Crypto News appeared first on BeInCrypto.
Source link
