Analysis Daily News TheBitTimes.com

Total known holdings in gold exchange-traded funds (ETFs) have surged to their highest level since 2023, breaking a four-year streak of consistent outflows. This renewed investor appetite for gold comes as the Bloomberg Galaxy Crypto Index (BGCI) stagnates near levels last seen in early 2021.  Notably, this divergence is raising concerns about crypto’s ability to reclaim its leadership in the risk-asset space, according to Bloomberg Intelligence senior commodity strategist Mike McGlone. In a June 30 post on X, McGlone shared data showing that as of June 27, 2025, gold ETF holdings had surpassed 104.7 metric tonnes, while the BGCI hovered at 859.95. This metric signals waning investor enthusiasm for major cryptocurrencies. The data indicated a steady rise in gold ETF inflows, contrasting with fading momentum in digital assets. Rising Gold ETF Inflows vs. Languishing Cryptocurrencies – What stops it? Gold ETF holdings have jumped to the highest since...

A closely followed crypto analyst is predicting a historic rally for altcoin markets based on an unprecedented technical setup. The pseudonymous analyst known as TechDev shares a chart with his 532,000 followers on the social media platform X showing the price action of TOTAL2 – which tracks the total market cap of crypto assets excluding Bitcoin (BTC) and stablecoins – with a Bollinger Band indicator. Bollinger Bands are a technical Analysis tool used to assess price volatility and identify potential breakout or mean-reversion opportunities. When the bands are close together, it suggests that volatility is historically low and the asset is potentially due for a big move. According to TechDev, the Bollinger Bands are tightly contracted for TOTAL2, suggesting that a huge burst to the upside for altcoins is imminent. “Altcoin compression is at a record high. Expansion will be unlike anything the market has seen.” Source: TechDev/X The analyst also b...

The long-awaited era of institutional bitcoin (BTC) adoption has arrived, yet its impact is painfully underwhelming. Despite an extraordinary year of corporate accumulation, record-setting spot ETF inflows, and even the US President Donald Trump ordering plans for a so-called “Strategic Bitcoin Reserve,” BTC has rallied a mere 11% year-to-date. Many investors had anticipated that the bull cycle would have accelerated significantly by now. About six months ago, there were fewer than 70 publicly traded BTC treasury companies. Now there are at least 140. Rather than simply proliferating, existing companies have also been acquiring more BTC. At the start of the year, public companies held 590,649 BTC. Today, they hold 841,603. Not only that, the value of their BTC treasuries has increased 60% from $56 billion to $90 billion today . Michael Saylor’s MicroStrategy (doing business as Strategy) remains a leader in BTC holdings with 592,345 BTC — a 32% incr...

The tariffs imposed by President Donald Trump in April have brought the US roughly about $88 billion in revenue. The trade duties imposed by the White House are entering the US economy in larger volumes in June. During a chat with reporters at the Oval Office, Trump stated that congressional experts had informed him that the US was bringing in more revenue than initially anticipated. Also Read: Global Stocks Have Risen 7% YTD in 2025 We are bringing in “much more money than we have scheduled” through revenue from trade tariffs, Trump told reporters. The US “has taken in $88 billion in tariffs,” he said, but did not elaborate the details further. The revenues come after Trump imposed a 90-day pause on tariffs on some retaliatory duties. If the pause on tariffs is lifted in July, the revenue flowing into the US would be much higher. Kevin Hassett, the Head of the National Economic Council at the White House said that the US received $50-60 billion in tariff reven...

The bull case for Bitcoin is gaining momentum as the leading crypto nears its all-time high (ATH) and the US dollar index plunges to its lower level in three years.  The BTC price is up over 2% in the last week after a small gain in the past 24 hours to trade at $107,252.66 as of 7:43 a.m. EST, data from CoinMarketCap shows. This has brought the crypto market leader to just over 4% below its ATH of $111,970.17 that it set on May 22. Analyst Says “Fiat Is Fading” As US Dollar Index Plunges Meanwhile, the US dollar index, which tracks the greenback against a basket of other major fiat currencies, has slid to its lowest level since February 2022 to reach 97.27 earlier today, according to TradingView data .  That’s amid Donald Trump’s calls for the US Federal Reserve to cut interest rates, as well as disappointing data on housing and consumer confidence.  “The dollar index is dabbling in new cycle lows today,” said macroeconomist Lyn...

Pi Coin (Pi Network/PI) is currently dominating the top 100 crypto projects by market cap in the daily charts. The asset has rallied 16.6% in the last 24 hours and 11% over the previous month. Despite the big rally, PI is still down by 3.9% in the 14-day charts and 21.1% in the monthly charts. Source: CoinGecko Generative AI Feature Causes Pi Coin Sentiment Boost Source: Watcher.Guru PI’s latest rally is likely due to the team teasing a generative AI feature for the project. The new feature could be launched on Pi2Day, June 28. Generative AI has taken the world by storm over the last few months. The tease may have led to a sudden spike in investor sentiment. According to an X post, one of the two co-founders of the Pi Network project, Nicolas Kokkalis, participated in a generative AI panel at Consensus 2025. The post asked a question as to why Kokkalis participated in said panel. The team said they would answer such questions on Pi2Day. How is GenAI related to Pi Network? Why did ...

Craig Wright still hasn’t paid a $143 million judgment almost two years after it was ordered, and lawyers tasked with getting it back have made no attempt to “enforce sanctions,” according to the brother of Wright’s late friend and associate Dave Kleiman. In a court filing submitted last month, Ira Kleiman claimed that a “stay” issued by W&K Info Defence Research attorneys on June 5, 2024, which paused the deadline for Wright to pay back the fee, is being used to delay the retrieval of millions of dollars in funds. The stay would be lifted if Wright found new counsel or if W&K attorneys permitted it. However, neither has happened 11 months after the stay was issued upon W&K’s counsel’s request. Now, Kleiman says the stay has become a tool for “ indefinite action .” He claims that, despite repeated requests, “Counsel has declined to pursue the sanctions materially undermining the ability to locate and secure assets.” Kleiman added, “This del...

XRP price posted a sharp and technically significant recovery on June 23, climbing from an intraday low of $1.96 to a session high of $2.24, before settling around $2.17 at the time of writing on June 24.  The token’s recovery corresponds to a 7.27% gain on the day, and more critically, a 10.5% increase in market capitalization, rising from $115.99 billion to $128.18 billion, with intraday peaks brushing against $129.80 billion. XRP 1-day market cap. Source: CoinMarketCap Notably, this sharp inflow of capital, roughly $12.19 billion, comes despite a modest pullback in 24-hour spot volume, which decreased by 2.64% to $4.98 billion, indicating that the rally may have been driven more by aggressive bidding across thin liquidity rather than broad-based accumulation.  The volume-to-market cap ratio now sits at 3.87%, which is relatively low given the magnitude of price movement, suggesting the potential presence of large order book imbalances or algorithmic flows ex...

A new survey shows how the world is now becoming increasingly disconnected from the US dollar. A Bloomberg survey has revealed staggering USD details, adding how the trend of de-dollarization is spreading like wildfire, putting the American currency in grave jeopardy. In response to this, the survey reveals how the world continues to think that the US dollar is bound to fall amid heightened scrutiny and speculation, the Bloomberg Pulse survey reveals. Also Read: Stablecoins to Increase US Dollar Demand, Says Crypto Czar A New Survey Predicts The US Dollar’s Declining Pace Source: Freepik.com According to Bloomberg’s pulse survey data, a “little more than half of 251” respondents think that the USD may continue to reign supreme. However, the remaining respondents have revealed how the current geopolitical uncertainty is pushing them to believe that the US dollar is undergoing a downward spiral. The latest survey further stated that half of the respondents are of the view that...

Ripple (XRP) has always been part of a fierce speculative regimen. The investors and XRP community enthusiasts have always shown interest in speculating or predicting XRP’s next move, be it in the domain of ETFs or its budding global collaborations. The narrative has also gained significant traction within the domain, where analysts have now started to predict the next bullish phase of XRP, forecasting the evolution of XRP from one price mark to another. Here’s what one analyst thinks about XRP’s explosive phase and the time when the token will possibly “kaboom.” Also Read: Bitget Analyst Explains Ripple (XRP) Enroute To $5 Explosive XRP Phase Coming Source: Watcher.Guru According to Egrag Crypto, XRP is currently one candle away from reporting a stellar price update. The expert shared how in 2017, XRP had consolidated over six candle wicks on its chart, pulling a breakthrough phase immediately after that. The expert later added how XRP’s price chart is once again repeating ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

China’s central bank Governor Pan Gongsheng said that he expects new currencies will emerge and challenge the global order of the USD. He indicated that a “multi-polar international monetary system” would replace the traditional financial sector dominated by the West and the US. Speaking at China’s flagship financial forum in Shanghai, Gongsheng stressed that the USD “established its dominance” after World War II. He added that it “retained its status up till now” and its dominance might soon begin to erode to make way for the new world order. Also Read: Top Economy by 2050 GDP: Will China or India Overtake the US? Basket of Currencies Will Overtake the USD, Says China’s PBOC Chief Source: Fox Business Gongsheng revealed that the world is not depending on a single currency anymore, stressing that “excessive reliance” will only hurt the prospects of other nations. The Governor of the People’s Bank of China said that a basket of currencies could become the norm after the U...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...