Senator Hagerty’s Vision Beyond The GENIUS Act: Make Tennessee A Hub For Bitcoin Mining
Senator Hagerty’s Vision Beyond The GENIUS Act: Make Tennessee A Hub For Bitcoin Mining
Bitcoin Magazine Senator Hagerty’s Vision Beyond The GENIUS Act: Make Tennessee A Hub For Bitcoin Mining While currently focused on stablecoin legislation, the Tennessee senator also has plans for Bitcoin mining and AI data centers in his home state. This post Senator Hagerty’s Vision Beyond The GENIUS Act: Make Tennessee A Hub For Bitcoin Mining first appeared on Bitcoin Magazine and is written by Frank Corva.
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Cardano Founder Announces $100 Million Bitcoin Buy In Shocking Move To Prop Up ADA Price
Charles Hoskinson has made an interesting proposal in a bid to boost Cardano’s DeFi ecosystem. The Cardano founder proposed creating a sovereign wealth fund, which could include up to $100 million worth of Bitcoin, potentially sparking an ADA price surge. Cardano Founder Proposes Bitcoin Purchase To Boost ADA Price In a recent podcast, the Cardano […]
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Ethereum Holds Key Range Support – Bulls Set Sights on Higher Levels
Ethereum is holding strong despite a week filled with extreme volatility and heightened geopolitical tensions. Following escalations in the Middle East, with conflict between Israel and Iran fueling global market uncertainty, ETH managed to maintain its critical price range. After briefly dipping earlier in the week, Ethereum has reclaimed momentum and is now trading around crucial levels that could define the next move for the broader altcoin market. Related Reading: Ethereum Weekly Candle Hints At Pre-Tower Top Formation – Details Top analyst Ted Pillows shared a technical outlook suggesting that the bullish scenario remains intact for Ethereum. According to his analysis, ETH is successfully holding its range structure, a key signal that buyers are still in control. This stability at current levels offers confidence to investors watching for a breakout that could lead to a broader altcoin rally. With the macro backdrop still fragile due to rising US Treasury yields and global conflict, Ethereum’s ability to sustain its structure is a sign of relative strength. While the path ahead remains uncertain, all eyes are now on Ethereum’s ability to hold these levels and break through resistance zones. If it does, it could be the trigger needed for renewed momentum in the altcoin market. Ethereum Holds the Line as Bulls Target Breakout Ethereum has gained over 7% since last Friday, recovering from recent lows triggered by macroeconomic pressures and geopolitical instability. The bounce reignited optimism across the market, but price action continues to face a tough challenge at key resistance levels. ETH briefly broke above the $2,800 mark last week, a level that many analysts viewed as a gateway to a broader rally. However, the move lacked follow-through, and Ethereum quickly slipped back below that level, suggesting a lack of conviction or the presence of heavy overhead supply. This divergence in momentum has split analyst opinion. Some argue that Ethereum’s breakout could still ignite a new altcoin season, with ETH leading the charge. Others caution that the repeated failure to sustain higher levels might indicate weakness, and warn that a breakdown below the current range could send Ethereum toward the $2,500 zone or lower. Still, Ted Pillows believes the overall structure remains bullish. His latest analysis emphasizes that the scenario is unchanged: as long as ETH holds the range low as support, the market remains intact and poised to move higher. This support zone has repeatedly acted as a floor for ETH since early May. Ultimately, the next move will be decisive. Ethereum’s ability to hold the range and reclaim $2,800 could pave the way toward $3,000 and beyond. But failure to defend support may increase selling pressure and shift market sentiment. For now, the battle between bulls and bears continues, with Ethereum’s structure offering hope to those betting on an upside breakout. Related Reading: Bitcoin Tests Critical $104K Support – Eyes On $97K If It Breaks ETH Price Analysis: Key Levels To Watch Ethereum (ETH) continues to trade within a defined range after another failed attempt to break above the $2,800 resistance. According to the chart, ETH is currently priced at $2,626.98, down 0.09% on the 4-hour timeframe. Price action shows strong wicks near the resistance zone, suggesting rejection at the upper boundary around $2,770–$2,800, while buyers stepped in as soon as ETH approached the confluence of the 50, 100, and 200 moving averages between $2,576 and $2,619. This range, which has been developing since early May, remains intact. The chart highlights that ETH has respected the $2,580–$2,620 zone as support, confirming this as the lower bound of the range. As long as ETH holds above this level, bulls are likely to remain in control. However, a failure to reclaim the resistance zone with conviction could lead to another pullback. Related Reading: Whales Dump Over 270 Million Cardano In One Week – Bearish Signal Or Shakeout? Volume has slightly picked up near support, signaling buyer interest, but the lack of follow-through near the highs keeps ETH stuck within its range. A breakout above $2,800 with strong volume could be the catalyst for a broader altcoin rally. Until then, Ethereum remains in consolidation, with bulls and bears locked in a battle around key levels. Featured image from Dall-E, chart from TradingView
Strategy Acquires 10,100 BTC, Surpasses 592,000 Bitcoin in Holdings
Bitcoin Magazine Strategy Acquires 10,100 BTC, Surpasses 592,000 Bitcoin in Holdings Michael Saylor’s Strategy announces it has purchased an additional 10,100 BTC for approximately $1.05 billion, raising its total holdings to 592,100 BTC acquired at an average cost of $70,666 per Bitcoin. Strategy added another 10,100 Bitcoin to its treasury between June 9 and June 15, 2025, according to a Form 8-K filed Monday with the […] This post Strategy Acquires 10,100 BTC, Surpasses 592,000 Bitcoin in Holdings first appeared on Bitcoin Magazine and is written by Jenna Montgomery.
Canadian Company Universal Digital Launches Bitcoin Treasury Strategy
Bitcoin Magazine Canadian Company Universal Digital Launches Bitcoin Treasury Strategy The company begins reallocating altcoin holdings into Bitcoin as part of a new reserve model and partners with Ground Financial Advisory Co. to promote Bitcoin across Japan. This post Canadian Company Universal Digital Launches Bitcoin Treasury Strategy first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.
Bitcoin ETFs Extend Winning Streak With $302 Million Inflows as Ether ETFs 19-Day Run Ends
Bitcoin exchange-traded funds (ETFs) posted their fifth consecutive day of inflows, collecting a strong $302 million, while ether ETFs saw their impressive 19-day inflow streak come to a close with a minor $2.18 million outflow. Bitcoin ETFs Stay Green for 5th Straight Day With Ether ETFs Seeing $2 Million Exit The week of June 9 […]