Global economic tensions and trade policy uncertainties continue to influence cryptocurrency markets as Bitcoin recovers from a recent correction.

Despite the pullback, institutional interest remains strong with firms like Strategy (formerly MicroStrategy) and GameStop adding BTC to their corporate treasuries.

Technical Analysis Highlights

• The 24-hour period shows a clear bottoming pattern with strong volume support emerging around the $103,200-$103,400 zone, where buyers consistently stepped in, according to CoinDesk Research’s technical analysis data model.
• The subsequent recovery phase gained momentum after breaking above the $104,000 resistance level, with increasing volume confirming buyer conviction.
• This technical structure suggests the correction has likely completed, with the price now establishing a new support base for potential continuation of the broader uptrend.
• In the last hour, Bitcoin demonstrated a notable recovery pattern, climbing from $104,146 to $104,303, with significant bullish momentum emerging at 14:01.
• Price surged from $104,188 to $104,323 on substantially higher volume (429 BTC traded).
• The price action formed a clear consolidation range between $104,077 and $104,263 before the breakout, with key support established around $104,080-$104,090.

External References

• «Bitcoin Price Extends Losses — Is More Downside on the Horizon?«, NewsBTC, published May 30, 2025.
• «Bitcoin at Risk of Breakdown if Major Support Level Fails, Says Trader Justin Bennett – Here Are His Targets«, The Daily Hodl, published May 30, 2025.
• «Bitcoin price prediction 2025-2031: Will BTC hit $150k soon?«, Cryptopolitan, published May 31, 2025.

The cryptocurrency market is navigating choppy waters amid escalating geopolitical tensions, with Bitcoin Cash (BCH) showing resilience despite broader market pressure.

BCH recently demonstrated strong technical performance, forming a V-shaped recovery after testing critical support at $391.656, with substantial buying volume establishing a high-volume support level.

This comes as the global cryptocurrency market faces headwinds from the ongoing US-China trade disputes, which continue to introduce uncertainty across financial markets worldwide.

Meanwhile, traditional financial indicators like rising US Treasury yields signal systemic stress that historically creates mixed environments for risk assets like cryptocurrencies.

Technical Analysis Highlights

• BCH tested critical support at $391.656, triggering substantial buying volume particularly during the 01:00-04:00 timeframe.
• A powerful breakout occurred during the 13:00 hour, with BCH surging to $416.958 on the highest hourly volume (28,068 units).
• Price established a new resistance-turned-support level at $409.800, with momentum indicators suggesting potential for continued upside.
• A bull flag pattern formed after the initial impulse move, with decreasing volume during consolidation suggesting potential continuation.
• The $413.000-$413.500 zone represents a key support level that bulls need to defend to maintain upward momentum.

External References

• «What’s Happening in Crypto Today? Daily Crypto News Digest«, Cryptonews, published May 29, 2025.

James Wynn, the trader whose risky moves on Hyperliquid captivated crypto watchers this month, has been fully liquidated.

He ended a volatile month with just $23 left in his account, according to HyperDash data.

Wynn built his reputation and following by placing massive, leveraged on-chain trades across bitcoin BTC, PEPE PEPE, and other tokens.

His downfall began with a $1.25 billion long position on BTC that unraveled as prices dropped below $105,000 amid growing geopolitical uncertainty. That trade alone cost him more than $37 million after fees.

The trader briefly pivoted to memecoins like PEPE, where one long position initially gained over 10%, before market swings liquidated him again.

Over the course of the month, Wynn cycled through assets including ETH, SUI, TRUMP, and even FARTCOIN. His trades at one point saw him achieve an unrealized gain of $85 million.

An account associated with Wynn on X commented on the liquidation and dismissed the losses. “I’ll run it back, I always do. And I’ll enjoy doing it. I like playing the game,” the account wrote on X. “I took a large and calculated bet at making billions.”