Bitcoin Blasts Past $110K, Altcoins Soar: Crypto Markets on Fire in June 2025
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Bitcoin Blasts Past $110K, Altcoins Soar: Crypto Markets on Fire in June 2025
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About this listen
# THE BITCOIN & CRYPTOCURRENCY INVESTMENT SHOW
Hey crypto family! Crypto Willy here with your weekly roundup of everything happening in the digital asset universe. Grab your hardware wallets and let's dive into what's been cooking this past week!
Bitcoin has been on an absolute tear, approaching the $110,000 mark after breaking through the psychological $100,000 barrier last month. Remember when we were celebrating $75,000 back in April? Those days seem ancient now! The king crypto showed impressive resilience despite the tariff tensions between the US and China, actually rallying when President Trump reached that 90-day hold on tariffs with China on May 12th.
The technical picture looks juicy too. Bitcoin broke above the 20-day EMA at $105,296 on June 7th, and bulls pushed through resistance at $106,794 just two days later. According to trader Cas Abbe, we could be gearing up for a sharp breakout above $110K, which might trigger a massive $15.11 billion in short liquidations if BTC jumps another 10%.
Not to be outdone, Ethereum has smashed through the $2,700 level, showing strong bullish momentum alongside other major altcoins. XRP and even our beloved meme coin Dogecoin are riding this wave of institutional adoption and technical breakouts.
But let's keep our feet on the ground, friends. Some analysts like Swissblock are watching for a potential pullback to $104,000, and Mickybull Crypto has his eye on $101,500 as a possible floor. The chart has formed an interesting inverted head-and-shoulders pattern with a neckline around $112,700. If we break and hold above that, we could potentially rocket toward $146,892!
Now for the word of caution – security firm CertiK reports that hackers have already stolen a staggering $2.1 billion in crypto so far in 2025. Remember what I always say: not your keys, not your coins! Keep those assets in cold storage when you're not actively trading.
The optimism around ongoing US-China trade talks happening in London seems to be providing additional fuel for this rally. James Butterfill from CoinShares believes the $100,000 resistance level is now convincingly broken from a technical analysis standpoint and could become our new support.
That's all I've got for you this week, crypto fam! Whether you're a HODLer or a trader, these are exciting times to be in the space. Remember to set those stop losses, diversify sensibly, and never invest more than you can afford to lose. This is Crypto Willy signing off until next week – stay decentralized, my friends!
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