Analysis Crypto by Thebittimes.Com

The Kingdom of Bhutan’s Bitcoin (BTC) strategy has taken a notable turn with the transfer of part of its holdings to cryptocurrency exchange Binance, suggesting possible plans to sell. Details of the transaction indicate that the country transferred 137.245 BTC, valued at approximately $14.77 million, to the exchange on June 30, according to the latest on-chain data obtained by Finbold from Arkham Intelligence. Kingdom of Bhutan Bitcoin transaction. Source: Arkham The potential for a sale comes as the Asian nation’s Bitcoin stash has grown significantly. As of press time, Bhutan holds 11,924 BTC, valued at approximately $1.28 billion. Notably, these holdings have been built mainly through state-supported mining operations controlled by Druk Holding and Investments. Currently, there is no official explanation for the Binance deposit; however, historically, moving funds to exchanges often signals plans to sell.  Impact of Bhutan’s possible Bitcoin sale ...

A crypto analyst gaining traction for timely Bitcoin calls is outlining a scenario where BTC breaks free from sideways trading and surges to new all-time highs. Pseudonymous analyst Credible tells his 468,700 followers on the social media platform X that Bitcoin appears to be following an Elliott Wave (EW) pattern where BTC consolidates in the next few weeks before igniting a breakout rally toward the end of July. Elliott Wave theory is an advanced form of technical Analysis that seeks to forecast future price movements by tracking crowd psychology, which often unfolds in recurring wave patterns. Says Credible, “BTC holding up very well over the last few days. As stated in my last update, I think we will test the blue zone sooner or later, whether that be before or after taking our local range highs. From an EW perspective, something like this would be ideal. Although there are, of course, a few different structures that we may see to complete this corre...

The USA no longer seems to be the de facto global capital for investments as BRICS is grabbing a bigger pie of the financial share. Global investors are being defensive on the US dollar’s prospects as the DXY index fell to the 96 range early Thursday. Exposure to the US dollar-based assets has been its lowest since 2005, a recent report from the Bank of America read. BRICS members such as China, India, Brazil, and South Africa are receiving foreign funds from institutional clients, which were the de facto investments in the USA. The goalpost is being moved to the global south where developing countries are reaping the benefits of a weaker dollar. The focus on the Southeast region came after Trump imposed sweeping tariffs on trade this year. Also Read: BRICS Inspires 15 Countries To Use Homegrown Payment System USA Remains Market King But BRICS Aims To Dim the Power Source: fairobserver.com / Vladirina32 / ShutterStock The dollar is still the most potent currency but its power is g...

The US dollar has many foes, and its competitors are now on a path to derail its global reserve status. Several economic uncertainties have led the US dollar to plummet as of late, primarily as Trump’s rapid tariff hikes sabotaged the US dollar’s prestige and global positioning. Coupled with rising geopolitical tensions and narratives, the DXY index had briefly touched 96, one of its lowest points recently, showcasing investors’ decreasing interest in the USD. In its wake, a new development has been catching pace as of late, with China stating that it doesn’t want the world to rely on a singular currency for trade. Why is China saying so? Let’s find out. Also Read: US Dollar Forecast: Index Rebounds 1% But Fed, Data Risks Loom Analyst Breaks Down China’s Recent Financial Call Source: Unsplash A noteworthy handle on X, China Banking News recently decoded how China is secretly vying for the US dollar to fall. In its latest post, the governor of the People’s B...

XRP is trading at the $2.2 level on Thursday after experiencing a bounce back early this week. The leading altcoin had dipped below the $1.95 range sending investors into a panic mode. It managed to rise above its weight and spiked close to 25 Cents in less than a week. The Ripple’s native token surged by close to 12% in five days and remains on the positive side of the spectrum. A leading price forecasting analytical firm has predicted that XRP is positioned to rise by more than 6,000% next. The projection is not aimed at the short term but is for the long term. Only long-term investors who can hold on for more than a decade could reap the rewards of its rise, read the prediction. Also Read: XRP Experiences Pullback in Price: Here’s the Next Target XRP Could Rise 6,000% and Generate Massive Returns Source: Reddit The latest price prediction from Telegaon projected in June 2025 estimates that XRP is in a position to rise by 6,000%. However, the price prediction claims that Ripple...

Bridging the Gap to Mainstream Adoption: The Future of Decentralized Finance! In the ever-evolving world of blockchain and decentralized finance (DeFi), the phrase “Bridging the Gap to Mainstream Adoption” isn’t just a catchphrase—it’s a critical mission. Why the Gap Exists Despite DeFi’s explosive growth, several hurdles continue to hinder its mainstream adoption: User Experience : Wallets, dApps, and blockchain interfaces often remain too complex for the average user. Security Concerns : High-profile exploits and scams have made mainstream audiences hesitant to participate. Regulatory Uncertainty : The lack of clear regulations in many regions adds a layer of risk and confusion. Education Deficit : Many people still don’t understand how blockchain works or what problems it solves. Bridging the Divide Efforts are actively underway to overcome these challenges: Infrastructure & UX Improvements : Projects are simplifying onboarding processes, integrating fiat gateways, and offering ...

The share price of Minnesota-based affiliate marketing firm SharpLink Gaming soared over 7% in the past 24 hours after the company announced a second Ethereum (ETH) purchase for $30 million. In a June 25 announcement , SharpLink Gaming said it purchased 12,207 ETH at an average price of $2,513 last week for around $30.7 million.  SharpLink Gaming Sells Shares To Buy More ETH, Stakes All Of Its Holdings SharpLink said in its announcement that it sold 2.54 million shares last week as well to raise $27.7 million. The majority of the funds will be used to further bolster its Ethereum treasury, the firm added.  Today, SharpLink announces that our ETH holdings have further increased to 188,478, which were acquired at an average price of $2,513 per ETH. https://t.co/7kENpBWM41 pic.twitter.com/reFHxplxA9 — SharpLink Gaming (@SharpLinkGaming) June 24, 2025 That’s after the company raised $425 million for its ETH acquisition plan in May. SharpLink Gaming then beca...

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Crypto sleuth ZachXBT has revealed how a part-time furry turned scammer stole over $4 million from Coinbase users by posing as customer support staff for the exchange.  Christian Nieves reportedly ran a call centre group that tricked Coinbase users into setting up wallets with compromised seed passwords. ZachXBT shared footage of one elderly victim losing over $240,000 to the scammers.  Nieves, who went by “Daytwo” and “PawsOnHips” on various online accounts, spent the stolen funds on luxury goods, including a Corvette, diamond- encrusted watches, and high-end clubbing services.  3/ In Nov 2024 $240K was stolen from an elderly victim with Daytwo’s worker Paranoia (Justin). A private recording of the theft exists and was obtained (see part 1 below) Theft address bc1q35tw4f5qrfxrjy2v8g8d3majtujv28audm6yvp AJU5yh4kDahLak4uq5n4ehJDVs2w2Lbhw9UHoseaBwV7 pic.twitter.com/R8hOn7Xq70 — ZachXBT (@zachxbt) June 23, 2025 Read more: Coinbase breach over Christmas exposed...

Metaplanet buys Bitcoin in another major acquisition, and this time they’ve purchased 1,111 BTC worth $111 million to boost their corporate treasury. This strategic move also strengthens Japan Bitcoin investment trends and demonstrates growing BTC institutional adoption as corporate BTC holdings expand globally right now. The purchase brings Metaplanet’s total Bitcoin holdings to 11,111 BTC valued at $1.11 billion, with Bitcoin price prediction 2025 suggesting potential targets of $117,000. JUST IN: Metaplanet buys another 1,111 Bitcoin worth $111 million. They now hold 11,111 $BTC worth $1.11 billion. pic.twitter.com/j9TGy3K4xq — Watcher.Guru (@WatcherGuru) June 23, 2025 Also Read: Bitcoin’s Competition Is Not Gold Or USD, But This: Bitwise CEO Japan Bitcoin Investment Grows As Corporate BTC Holdings Soar Source: Metaplanet The latest announcement shows Metaplanet buys Bitcoin at an average price of 15,535,502 yen per Bitcoin, and the total purchase amount reached 17.260 b...

BlackRock (NYSE: BLK), the world’s largest asset manager, has sold a significant amount of Ethereum (ETH), marking a notable change from its recent pattern of steady buying.  Specifically, on June 20, BlackRock’s spot Ethereum ETF (ETHA) saw an outflow of $19.7 million, the first after 30 days of continuous inflows.  This was also the biggest single-day outflow among all Ethereum ETFs, leading to a net market outflow of $11.3 million. Grayscale helped to balance this with an inflow of $6.6 million. 6/20 BlackRock ETH ETF $ETHA net flow -8,140 ETH ($-19.71 million) (FIRST OUTFLOW IN LAST 30 TRADING DAYS, SINCE MAY 7TH) Volume traded: $0.4 billion https://t.co/MS4ZPOhPR1 pic.twitter.com/S5t8q3k7lI — Trader T (@thepfund) June 21, 2025 Despite this drop, BlackRock still leads the Ethereum ETF market, with over $5.2 billion in total inflows since the fund launched.  This recent action contrasts with ETHA’s earlier strong performance, which in...

Ripple’s native token, XRP, is trading at the $2.15 price level and is attracting little to no bullish sentiment. Its price remains rangebound for nearly a month as the stagnation period is yet to come to an end. After reaching a high of $3.31 in January this year, the leading altcoin is only moving backward in the charts. Also Read: Bitget Analyst Explains Ripple (XRP) Enroute To $5 However, despite all the odds, XRP has dipped below the $2 mark only once this year in April as Trump announced tariffs on 185 countries. The leading altcoin quickly jumped back above $2 as the markets recovered due to the 90-day pause on tariffs. The development indicates that Ripple’s native token can find key support as the global markets are coming out of the uncertainty period. XRP Might Not Fall Below $2 Again Source: Reddit XRP has been consolidating between $1.90 to $2.20 this year and has maintained the stance for nearly 200 days. Analysts from TradingView point out that the altcoin has...

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