Bitcoin Reclaims $108,000, Ethereum, XRP, Dogecoin Follow As Traders Anticipate 'Strong Leg Up'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
The cryptocurrency market kicked off the week on a bullish note, with Bitcoin reclaiming the $108,000 mark, buoyed by bullish investor sentiment around cryptocurrency-related initial public offerings.Cryptocurrency
Price
Gains +/-
Bitcoin (CRYPTO: BTC)
$108,399.19
+1.9%
Ethereum (CRYPTO: ETH)
$2,577.11
+1.8%
Solana (CRYPTO: SOL)
$156.16
+1.6%
XRP (CRYPTO: XRP)
$2.29
+0.3%
Dogecoin (CRYPTO: DOGE)
$0.1870
+0.7%
Shiba Inu (CRYPTO: SHIB)
$0.00001268
+0.3%
Notable Statistics:
IntoTheBlock data shows large transaction volume decreasing by 2.4% and daily active addresses falling by 5%. Transactions greater than $100,000 are down from 7,679 to 7,327 in a single day. Exchanges netflows are up by 179.3%.
Coinglass data reports 73,981 traders were liquidated in the past 24 hours for $214.60 million.
Notable Developments:
Strategy Buys Another $110 Million In Bitcoin, Now Holds 582,000 BTC
Elon Musk's Political Party To Launch In 2025? Odds Rise On Polymarket, The Crypto Betting Market Now Partnered With X
Ex-Goldman Executive On Circle's 168% IPO Spike: Don't Rush To Buy Stock As Bankers Engineer A 'Pop' — Cites Facebook Example
Bitcoin Pushes To $107,000 As Pivotal Resistance Level Gets Tested Once Again
Top Gainers:Cryptocurrency
Price
Gains +/-
Kaia (CRYPTO: KAIA)
$0.1292
+20.5%
Fartcoin (CRYPTO: FARTCOIN)
$1.16
+10%
Bittensor (CRYPTO: TAO)
$413.15
+8.5%
Trending: New to crypto? on Coinbase.
Trader Notes: Crypto Bully shared a simple, yet effective Monday trading strategy built around three key pillars:
Use the Weekly Open – A reclaim of this level can signal potential longs, while a rejection or breakdown suggests short setups.
Mark the Weekend Range – Identify Saturday–Sunday highs and lows to define short-term boundaries.
Watch Open Interest (OI) – Entry signals often emerge when OI builds up and then flushes.
According to Santiment, Bitcoin's sharp bounce from near $100,000 back to $108,000 has sparked a retail FOMO wave, with the second-largest spike in crowd excitement seen in two weeks. Just days earlier, panic selling had dominated, but now sentiment has flipped.
Yet, in crypto's emotion-driven market, surging retail optimism is often a contrarian indicator. Historical patterns show that when retail sentiment gets euphoric, caution may be warranted.Rekt Capital noted that $104,400 has held as weekly support for four consecutive weeks. He sees only one major weekly resistance between current levels and a potential return to price discovery mode for BTC.
Stockmoney Lizards added that Bitcoin's structure is looking increasingly bullish, highlighting ongoing short liquidations and a possible squeeze setup. "Once it fires," he said, "expect a large green candle."Read Next: A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase.
Image: Shutterstock
This article Bitcoin Reclaims $108,000, Ethereum, XRP, Dogecoin Follow As Traders Anticipate 'Strong Leg Up' originally appeared on Benzinga.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Forbes
2 hours ago
- Forbes
Tesla Cybertruck Price Collapse Drives Beast Of A Deal
Tesla electric cars and a Cybertruck are displayed in a test drive vehicle charging area at a ... More shopping mall parking garage in San Diego, California, on April 23, 2025. Elon Musk will significantly scale back his Trump administration work in May to focus on Tesla, the billionaire announced Tuesday as the electric vehicle maker reported a 71 percent drop in first-quarter profits. (Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images) The plunge in Tesla Cybertruck prices has resulted in unprecedented deals for the high-end trim of the Tesla pickup. Tesla is now selling new Cyberbeast inventory with 'price adjustments," aka discounts, of up t0 $10,550. One new Cyberbeast, a demo with 479 miles, is priced at $94,940. If you include the $7,500 federal tax credit, the price drops to $87,440. That configuration comes with 20'' Cyber Wheels ($3,500) and White Décor ($2,000). Another Cyberbeast is priced at $91,790 with a $10,200 discount. It also comes with 20'' Cyber Wheels and White Décor. Add the $7,500 federal tax credit and the price drops to $84,290. The Cyberbeast comes standard with a tri-motor powertrain and other extras such as Premium Interior with Suede Textile Trim. It is rated at 301 miles of range. (Note that these prices are as of Sunday June 15. But prices change often and vehicles may get sold, rendering the link inactive.) The price freefall comes against a backdrop of swelling new All-Wheel Drive (dual-motor) inventory on Tesla's Cybertruck page. Some inventory AWD Cybertruck discounts are as high as $8,550, bringing the price down to as low as $69,440 with the federal tax credit. That price includes 20'' Cyber Wheels ($3,500) and White Décor ($2,000). The Cyberbeast Foundation Series has fallen hard from its rarefied pricing of only a year ago. At that time, the Cyberbeast version of the Cybertruck was being flipped for more than $150,000. That market dynamic is now inverted. A tri-motor Cyberbeast Foundation Series with only 1,200 miles is selling for around $92,000 at a car dealership in Southern California as of Saturday June 14. Another used Cyberbeast with 16,027 miles has an asking price of $89,000. While another used Foundation Series Cyberbeast is selling for $89,620 with 9,974 miles. The Foundation Series comes with Full Self Driving standard, an $8,000 value, and Tesla Powershare vehicle-to-home back-up capability, among other extras. A new Cyberbeast sells for $99,990 on Tesla's Cybertruck website. Last year at this time it was priced at $119,990 direct from Tesla. Cars on average lose about 20% of their original value during the first year, according to Kelley Blue Book. But pricing of a virtually new (flipped) Cybertruck has lost as much as 40% of its value in a year. That's because the Cybertruck's used market value was inflated initially due to hype and high demand and meager supply. Overall, used Cybertruck prices have plummeted from a year ago when the average asking price for a used Cybertruck Foundation Series was over $130,000 (see charts). The wedge-shaped stainless steel pickup went on sale in late November of 2023. Tesla Cybertruck used market prices have come down more than 20% in the last six months. Tesla Cybertruck used market price has plummeted almost 40% year over year. Deliveries of the Cybertruck plummeted in the first quarter of this year—essentially cut in half—falling to 6,406 versus 12,991 in the fourth quarter of last year, according to Cox Automotive. Trade-in value for the truck has been a shock for some owners, after Tesla began accepting trade-ins.
Time Business News
2 hours ago
- Time Business News
Hiring: Content Writers for BitStocky.com (Crypto & Finance Niche)
Location: Remote Position: Freelance / Part-Time / Internship Experience: Freshers & Experienced Writers Welcome Pay: Based on quality & experience (per word/article basis) About Us: is a growing platform focused on cryptocurrency, blockchain, Bitcoin, Ethereum, and financial education. We provide news, analysis, predictions, and how-to guides in simple and engaging language. What We're Looking For: We are hiring content writers who are passionate about: Cryptocurrency & Web3 Stock market & personal finance Writing SEO-optimized, plagiarism-free, and original content Responsibilities: Write long-form articles (1000–2000+ words) and short news posts Use simple language and human tone Research accurate data from trusted sources Follow given SEO guidelines (we'll teach you if needed) Requirements: Good English writing skills Basic knowledge of Bitcoin, Ethereum, or finance (preferred) Ability to meet deadlines No AI or copy-paste content (we check for 100% originality) Perks: Internship Certificate (for students) Flexible timing Your name as author on Long-term earning opportunity for quality writers How to Apply: Send the following to bitstockynews@ Name & short bio 1–2 writing samples (preferably on crypto/finance topics) Your availability per week Or apply directly at Let's build the future of financial content together! TIME BUSINESS NEWS
Time Business News
2 hours ago
- Time Business News
What is Bitcoin Mining? Complete Guide for Beginners 2025
Curious about Bitcoin mining? Learn how it works, why it's important, and what tools you need in this 2025 beginner-friendly guide. No jargon – just clear answers. Introduction Bitcoin has become one of the most talked-about innovations in the world of finance. While many people know about buying and selling Bitcoin, few truly understand how new Bitcoins are created. That's where Bitcoin mining comes in. In this guide, we'll break down what Bitcoin mining is, how it works, why it matters, and how it shapes the future of cryptocurrency. Whether you're a curious learner or a potential investor, this article will help you understand the backbone of the Bitcoin network—mining. What is Bitcoin Mining? Bitcoin mining is a process through which new Bitcoins are generated and transactions are verified on the blockchain. Think of it as a digital version of gold mining—but instead of using shovels, miners use computers. Miners solve complicated math problems using powerful computers. When they solve a problem, they get a reward in Bitcoin. This reward includes: Newly created Bitcoins (known as the block reward) (known as the block reward) Transaction fees from the block of verified transactions This process keeps the network running, safe, and decentralized. How Does Bitcoin Mining Actually Work? Bitcoin mining isn't about digging in the ground. It's about solving puzzles. Here's a breakdown of how it works: 1. Transaction Verification When someone sends Bitcoin, that transaction needs to be confirmed. Miners gather these unconfirmed transactions and put them into a block. To understand mining profitability in detail, visit our full guide on 2. Solving the Puzzle Each block has a mathematical problem. Miners compete to solve this problem first. This process is called Proof of Work (PoW). The first miner to solve it gets to add the block to the blockchain. 3. Block Reward As a thank you, the successful miner gets a reward. In 2025, the current reward is 3.125 BTC per block (due to the 2024 Bitcoin halving). 4. Securing the Network Solving blocks requires massive computing power. This makes it nearly impossible for anyone to fake transactions or hack the network, keeping Bitcoin safe and trustworthy. Why is Bitcoin Mining Important? Without miners, the Bitcoin system wouldn't function. Here's why mining is crucial: Keeps the network secure Mining makes it extremely hard for hackers to change any data on the blockchain. Decentralizes control No central bank or authority controls Bitcoin. Instead, thousands of miners around the world keep it running. Releases new Bitcoins Mining is the only way new Bitcoins enter circulation, keeping the system limited and deflationary. What Do Yu Need to Mine Bitcoin? You can't just use your old laptop for mining anymore. Bitcoin mining now requires specialized tools. Equipment Needed: ASIC Miners – Powerful machines built only for mining. – Powerful machines built only for mining. Mining Software – Programs that connect you to the network. – Programs that connect you to the network. Electricity – Mining consumes a lot of energy. – Mining consumes a lot of energy. Internet Connection – Stable and fast internet is a must. – Stable and fast internet is a must. Mining Pool (Optional) – A group of miners that combine power and share rewards. Mining is no longer a hobby—it's a business. The Challenge: High Energy Use One of the biggest criticisms of Bitcoin mining is its electricity use. It takes a lot of power to keep the network running. Problem: Mining consumes more electricity than many small countries. Solution: In 2025, more miners are turning to renewable energy like solar and wind. This helps reduce environmental impact and brings down costs. Can You Still Earn Money from Bitcoin Mining? Yes—but it's not as easy or cheap as it used to be. Factors That Affect Profit: Electricity Price – Cheaper power = more profit Mining Equipment – Newer machines are more efficient Bitcoin Price – When the BTC price goes up, earnings increase Mining Difficulty – The more miners, the harder it gets to mine Most solo miners now join mining pools. These are groups of miners that work together and split the rewards based on their contribution. Is Bitcoin Mining Legal? In many countries, Bitcoin mining is legal. However, due to its energy use and decentralized nature, some governments have banned or restricted it. Legal in: United States Canada Germany Australia India (partially allowed) Banned or Restricted: China Algeria Morocco Always check your local regulations before starting. The Future of Bitcoin Mining (2025 and Beyond) Bitcoin mining is changing fast. Here are the major trends we're seeing in 2025:Green Mining Miners are shifting to renewable energy sources to cut costs and go eco-friendly. Smarter Technology Newer ASICs are faster, smaller, and more efficient. Global Spread Mining is moving to places with cheap, clean energy like Iceland, Canada, and parts of Africa. Decreasing Rewards As block rewards drop over time (next halving in 2028), miners will rely more on transaction fees. Frequently Asked Questions Can I mine Bitcoin on my phone? No. Phones are not powerful enough. You need ASIC machines for mining. Is Bitcoin mining still profitable? It depends on electricity cost, equipment, and BTC price. Joining a mining pool improves chances of earning. How many Bitcoins can be mined in tota Only 21 million Bitcoins will ever exist. As of 2025, over 19.6 million have already been I need a license to mine Bitcoin? Usually no, but in some countries, a business or energy license might be required. Conclusion Bitcoin mining is much more than just earning free crypto. It's the engine that powers the entire Bitcoin network. From verifying transactions to securing the system and releasing new coins, mining plays a crucial role. While the process has become more technical and competitive, it remains an important part of the decentralized future. Whether you're planning to mine yourself or just want to understand how Bitcoin works, mining is the key to it all. subscribe to our updates at In 2025, the world of mining is greener, smarter, and more professional. If you're thinking of getting involved, now is a great time to explore your options—but do your research first. TIME BUSINESS NEWS
