Breaking Updates
Bitcoin Bull Market Continues, Says Cathie Wood
ARK Invest CEO Cathie Wood reaffirmed her bullish stance on Bitcoin during the company’s podcast In the Know, stating, "We remain in a Bitcoin bull market."
Retail Sales Slowdown in Italy
- May Retail Sales (YoY): Dropped from 3.7% to 1.3%.
- May Retail Sales (MoM): Fell to -0.4%, missing the 0.5% forecast.
Turkish Exports Decline in June
Turkey’s exports decreased from $24.8B to $20.5B.
Smart Money Bets on ETH
A savvy trader recently closed Bitcoin long positions to open a 25x leveraged ETH long position, totaling 2,638.71 ETH ($6.7M) at an entry price of $2,545.74. This trader has reportedly earned $15.92M cumulatively on Hyperliquid.
Euro Strength Sparks Concerns
The EUR/USD exchange rate surged 14% in 2025, reaching 1.7784. While this aligns with the European Central Bank’s (ECB) "Euro Moment" vision, analysts warn that excessive appreciation could harm Europe’s economy. U.S. Treasury Secretary Besant quipped, "Europeans will scream under a strong euro."
Crypto Stocks Rally Amid Tariff Uncertainty
Bitcoin (BTC) surpassed $110K, lifting crypto-related stocks like:
- Canaan (CAN): +9%
- Circle (CRCL): +6%
- Coinbase (COIN), MicroStrategy (MSTR): Modest gains
However, looming Trump-era tariffs threaten to disrupt the rally.
Top Cryptos for 2025 Profits
Analysts highlight two standout picks:
- Mutuum Finance (MUTM): A fast-rising new token.
- Bitcoin (BTC): Poised for a breakout toward $116K–$120K, per Matrixport.
👉 Discover more about crypto trends
European Economic Data
- Switzerland: Unemployment rate held at 2.9%.
- Spain: Industrial production rose to 1.7% YoY.
- France: Industrial output fell -0.5% MoM (vs. +0.3% expected).
Stock Market Movers
Gainers (Banking Sector)
- China CITIC Bank (601998.CN): +3.5%
- China Everbright Bank (601818.CN): +3.06%
Losers (Battery Sector)
- Xinyuren (688573.CN): -10.6%
- Jinhui Advanced Materials (300619.CN): -9.51%
FAQ
Q: Why is Bitcoin’s volatility declining?
A: Institutional ETF inflows ($140B since April) and low implied volatility (30%) stabilize prices.
Q: What’s driving the euro’s strength?
A: USD weakness and ECB policies, though overvaluation risks loom.
Q: Are crypto stocks a good investment now?
A: Short-term gains are possible, but tariff policies may introduce volatility.