Bitcoin takes a breather as big names gather in Vegas
- 📉 Crypto markets pause — Bitcoin and most altcoins are moving sideways after recent highs, with trading volumes cooling but holding steady.
- 😐 Sentiment holds steady — The Fear and Greed Index remains in “Greed,” while BTC’s RSI has softened slightly, signaling a slowdown in momentum.
- 🎤 All eyes on Bitcoin 2025 in Vegas — The industry’s flagship conference kicks off today, featuring major political and crypto voices — including JD Vance, David Sacks, and the Trump brothers.
- 📊 Key US data ahead — June brings inflation numbers, jobs data, and a Fed rate decision — all critical to understanding how markets may react to ongoing macro and trade pressures.
MOST cryptocurrencies are catching their breath this morning. Bitcoin and other large-caps are moving sideways, with only a handful of exceptions. Still, Bitcoin’s daily lows have been creeping upward over the past week potentially a sign of healthy consolidation around current levels.
The Fear and Greed Index remains parked in 'Greed', largely unchanged over the last seven days, while Bitcoin’s Relative Strength Index has slipped a few points, reflecting the recent slowdown in momentum. Trading volumes have eased off since last week’s all-time high but remain steady overall.
Meanwhile, the Bitcoin 2025 conference in Las Vegas kicks off later today. It’s arguably the biggest annual gathering for the industry, and this year’s line-up is drawing plenty of attention.
US Senator JD Vance, US crypto czar David Sacks, Michael Saylor of Strategy, crypto OG Adam Back, and even Donald Trump Jr and Eric Trump are all set to speak. With the Trump family showing growing interest in digital assets, speculation is swirling about whether they’ll reveal more about Trump Media & Technology Group’s crypto ambitions. Could a multibillion-dollar reinvestment into the space be on the cards?
Looking ahead, investors will be keeping a close eye on US economic data rolling out this month, including inflation figures, jobs reports, and the all-important Fed interest rate decision in late June. These events will offer deeper insight into how the US economy is absorbing rising trade tensions and whether the current macro environment will support risk assets like crypto.
In the markets…
🌍 Total crypto market cap ⬇️
The global cryptocurrency market capitalisation is approximately $3.44 trillion, reflecting a 0.55% decrease over the last 24 hours.
🟠 Bitcoin (BTC) ⬇️
Price: Currently trading at around $109,471, marking a 0.43% decrease in the last 24 hours.
Daily high: Approximately $110,162
Daily low: Approximately $108,292
📈 S&P 500 ⬇️
The S&P 500 index is down about 0.67% since yesterday.
🥳 Fear & Greed Index
The Crypto Fear & Greed Index currently stands at 68/100, indicating “Greed” among investors.
📊 Bitcoin Relative Strength Index (RSI) (14)
The RSI for Bitcoin is approximately 55, with 70 and above indicating an overbought position, while 30 and below indicates that the asset is oversold.
Post Script…
Cautionary Notes
It's definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.
