Bitcoin Breaks $108K!

09.06.2025 Bitcoin up while Altcoins Struggle to Keep Pace

DAILY MARKET OVERVIEW


Bitcoin Leads, Ethereum Holds, Altcoins Fade

👋 Hey, Crypto Enthusiasts! We’re starting strong today with a lot to look forward to this week. Let’s explore!

🐂 Bitcoin Leads the Charge

Bitcoin surged past the $108,000 mark earlier today, recovering impressively from Thursday's dip to $100,000. That pullback was met with aggressive buying, signaling strong market demand and robust investor confidence.

One of the key drivers of Bitcoin's rally has been continued institutional accumulation. Strategy recently purchased an additional $100 million worth of BTC. With over $1 billion raised recently, expectations are high that the firm will continue to buy aggressively.

Several new players have also entered the game, emulating Strategy's treasury model. These "copycat" firms are announcing Bitcoin reserves and pledging ongoing accumulation, further boosting the bullish sentiment.

😎 Ethereum Holds Steady on ETF Momentum

While Ethereum hasn’t matched Bitcoin’s explosive rebound, it remains fundamentally strong.

  • Ethereum ETFs have now recorded 15 consecutive days of inflows, totaling $837.5 million since May 16. This is in stark contrast to the cooling demand for Bitcoin ETFs.

Analysts expect Ethereum ETF inflows to cross the $1 billion mark soon. This trend reflects a shift in institutional perception: Ethereum is increasingly viewed not as a speculative asset, but as infrastructure for future financial systems. The steady inflows, even amid broader market volatility, point to growing investor confidence in ETH's long-term utility.

📉 Altcoins Lag Behind

Most altcoins remain on the sidelines, underperforming relative to BTC and ETH. The capital rotation into major assets continues, as investors prioritize liquidity and resilience over speculative upside in smaller tokens.

🌐 Macro Overview: Shaky but Watchful

The broader macroeconomic outlook remains mixed.

  • US-China trade negotiations continue with little progress, contributing to market uncertainty. The recent fallout between Donald Trump and Elon Musk has also introduced fresh turbulence, further undermining market stability.

  • At the same time, the US dollar is weakening despite elevated treasury yields. This disconnect suggests a loss of confidence in the dollar.

  • Ongoing protests across major US cities are adding to domestic instability.

  • Wednesday’s upcoming CPI report is likely to inject volatility into both traditional and crypto markets. A hotter-than-expected print could spark a sell-off in risk assets, while a cooler number might revive risk-on sentiment.

Given the balance of strong crypto fundamentals and shaky macro conditions, a neutral stance on the market feels justified. The momentum is clearly upward, but external risks could trigger short-term pullbacks. With CPI data and social tensions ahead, traders should stay flexible and well-informed.

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SOCIAL SENTIMENT


Plasma: The New Hype in Stablecoin Infrastructure

The most talked-about project in the crypto space today is Plasma, an emerging blockchain focused entirely on stablecoin adoption and performance. Plasma is a purpose-built, EVM-compatible Layer 1 that aims to optimize stablecoin payments and settlement at scale.

  • Plasma introduces a novel consensus model known as PlasmaBFT, inspired by HotStuff, which allows for fast finality and robust validator performance.

  • The chain is designed to handle thousands of transactions per second with virtually zero fees, making it ideal for stablecoin issuers, payment apps, and fintech platforms.

The project recently closed a $24 million Series A round, with backing from major names like Framework Ventures, Bitfinex, Founders Fund, Bybit, and Tether CTO Paolo Ardoino. Peter Thiel is also listed among the investors, adding a high-profile endorsement.

Plasma’s token launch will be structured in four distinct phases, designed to gradually transition users from stablecoin deposits to active participation on the new Plasma chain:

1. Deposit Period (Live now)

  • Users deposit stablecoins (e.g. USDT) into a vault.

  • Deposits earn “units”, which determine how much XPL each user can purchase during the public sale.

  • The system tracks time-weighted deposits to reward early participation.

  • However the max deposit cap for stablecoins has already been reached in the first few minutes of the public sale launch

2. Lock-Up

  • Deposits and withdrawals are paused.

  • All vault positions are locked for at least 40 days after the public sale ends.

  • This phase prevents quick exits and encourages long-term engagement.

3. Public Sale

  • Final unit balances determine each user’s guaranteed allocation of XPL.

  • There's also an oversubscription pool where users can commit more stablecoins for any unclaimed tokens.

4. Mainnet Beta

  • XPL tokens are distributed to participants.

  • Vault positions are bridged to Plasma, and deposited USDT becomes withdrawable on-chain.

There was some controversy over Plasma raising its deposit cap from $50 million to $500 million; however, the Plasma narrative has gained momentum. 

The idea of a stablecoin-native Layer 1 with near-zero transaction costs is compelling, especially with Ethereum gas fees remaining a barrier to smaller transactions. Whether Plasma can execute at scale remains to be seen, but the early interest suggests it has tapped into a timely market need.

NEWS OVERVIEW


The Latest Crypto Headlines 📰 

Bitcoin Transaction Activity Hits 19-Month Low Despite Strong Price Action
Bitcoin network usage drops to October 2023 levels, prompting debate over low-fee transactions and Bitcoin's decentralization principles.

Cetus Protocol Relaunches After $223 Million Exploit, Recovers Most Funds
Cetus Protocol is back online after recovering $162 million and securing new funding to restore liquidity and pursue the attacker.

The Blockchain Group Launches $342M Share Program to Buy More Bitcoin
The Blockchain Group reveals a new capital plan with TOBAM to grow its bitcoin treasury, mirroring US-style ATM share offerings.

Turnkey Raises $30M Series B to Expand Crypto Wallet Infrastructure
Crypto infrastructure startup Turnkey raises $30M to grow its team and build scalable, developer-friendly tools for wallets and payments.

YOUTUBE INFLUENCER SUMMARY


Summary From The Top Influencers 📷️ 


Ivan On Tech – ELON GOES BERSERK!! (09.06.2025 Summary)

Ivan on Tech analyzes current Bitcoin price action, U.S. macroeconomic instability, and key developments in both institutional and government-level crypto adoption. He provides a market-focused overview of Bitcoin's positioning, political implications, and upcoming trends.

Key Takeaways:

1. Bitcoin Technical Outlook

  • Bitcoin is consolidating around $105K–$106K, holding key weekly support levels.

  • Previous resistance has now flipped to support, confirming a bullish structure.

  • Pullbacks remain possible, but the longer-term trend is intact.

2. Elon Musk’s Failed Fiscal Role

  • Elon Musk reportedly failed to deliver on proposed federal spending cuts.

  • Internal conflict with Treasury Secretary Scott Bessant reflects broader dysfunction in U.S. economic leadership.

  • This event is cited as evidence that the U.S. cannot meaningfully reduce its debt burden.

3. U.S. Dollar Unsustainable

  • Ivan argues the U.S. dollar is structurally unsalvageable due to persistent deficits and political gridlock.

  • No viable plan exists to reverse fiscal deterioration, increasing long-term risk for fiat.

4. Trump’s Federal Reserve Strategy

  • Trump may announce his preferred future Fed chair in advance, influencing markets before Powell’s term ends in 2026.

  • Markets may react more to this anticipated change than to Powell’s current policy decisions, creating a forward-looking bullish signal.

5. U.S. Strategic Bitcoin Reserve Proposal

  • A bill has been introduced to establish a U.S. Bitcoin reserve.

  • If passed, it would formalize Bitcoin stockpiling at the national level and could prompt other countries (e.g. BRICS nations) to follow.

6. Institutional Bitcoin Accumulation

  • Metaplanet (Japan) plans to accumulate up to 210,000 BTC by 2027.

  • Additional companies are announcing significant Bitcoin purchases.

  • Sustained corporate demand may drive long-term price support.

7. Bitcoin Dominance & Altcoin Season

  • Bitcoin dominance remains high, indicating that a full altcoin season has not yet started.

  • Ivan expects altcoin momentum to follow once interest rates begin to decline.

8. Outlook on Crypto ETFs

  • Memecoin-focused ETFs are likely to emerge by 2026.

  • Following the approval of Bitcoin and Ethereum ETFs, Solana and memecoins may be next in line.

9. Macroeconomic Correlation

  • Historical altcoin seasons have occurred during periods of aggressive Fed easing.

  • Current conditions remain relatively tight, limiting broader crypto upside until rate cuts resume.

Conclusion:

Ivan maintains a bullish long-term outlook on Bitcoin, driven by macro instability, growing institutional adoption, and upcoming political moves. He emphasizes strategic positioning ahead of potential altcoin cycles and stresses that structural issues with fiat currencies are accelerating global interest in Bitcoin.

Lark Davis – Bitcoin Hasn't Even Started (09.06.2025 Summary)

Lark Davis argues that the crypto bull market has not fully begun, despite price appreciation earlier in 2024. Using technical indicators, sentiment data, and macro trends, he outlines why he expects significant upside for Bitcoin and key altcoins. He also discusses portfolio allocation, institutional adoption, and ongoing regulatory shifts.

Key Points:

1. Bitcoin Market Outlook

  • Strong weekly reversal candle and breakout from a multi-week downtrend.

  • Price reclaiming key EMAs (20-day, 50-day); MACD and RSI turning bullish.

  • Low volume is the main concern, but price structure suggests continuation.

2. Sentiment and Positioning

  • Market sentiment remains bearish despite rising prices; seen as a bullish contrarian signal.

  • Retail is still largely absent, with no signs of typical cycle euphoria.

  • Institutional flows continue steadily into Bitcoin and now altcoins.

3. Ethereum and Altcoins

  • ETH gaining momentum due to ETF inflows, improving fundamentals, and upcoming scaling upgrades.

  • Lark holds long positions in ETH and XRP, with targets of $3,000+ for ETH.

  • Meme coins are outperforming and may continue leading; many Layer 1s underperforming but could rally later.

4. Institutional & Regulatory Catalysts

  • Dozens of treasury-backed crypto buyers are emerging, not just for BTC, but also ETH, SOL, and XRP.

  • Bitcoin ETF inflows are exceeding expectations; compared to gold, this could extend the cycle into 2026.

  • Upcoming U.S. stablecoin legislation could lead to adoption by firms like Apple, Google, X, and Airbnb.

5. Risk Considerations

  • Future bear markets are inevitable, potentially triggered by leverage failures, rehypothecation, or custodian issues.

  • Corrections may be less extreme (around 50 percent) compared to prior cycles (around 70 to 80 percent), but investors should stay cautious.

  • Concerns raised about over-centralization (for example, risk of Coinbase custody failures).

6. Portfolio & Strategy

  • Lark is shifting capital from slow Layer 1s (like Avalanche) into higher-performing meme coins.

  • Emphasizes technical confirmation (such as breaks of 20-day EMA) before entering trades.

  • Highlights ETH, XRP, Pepe, Brett, and Dogwifhat as key positions he's monitoring or holding.

Conclusion:

Lark’s central message is that the real bull market may still lie ahead. Institutional adoption is accelerating, retail participation is low, and technical signals are turning bullish. While risks remain, particularly related to leverage and custodial failures, he expects upside continuation, especially as altcoins and meme coins start catching up. Patience and strategic positioning are key in this stage of the cycle.

The information provided in this newsletter is for general informational and educational purposes only. It should not be considered financial advice or a recommendation to buy or sell. Please consult a qualified financial advisor for personalized advice that considers your individual financial situation and goals.