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- Community Morning Brief — Top Headlines 🔹 June 4, 2025
1. Data: Institutional buyers have increased their Bitcoin holdings by 417,000 BTC so far in 2025.
2. The U.S. has presented Vietnam with a complex list of demands in tariff negotiations.
3. Arkham stated on social media that Satoshi Nakamoto’s net worth has now surpassed Bill Gates’.
4. Trump’s Truth Social has filed an application for a Bitcoin ETF.
5. Bloomberg analyst: IBIT’s Bitcoin holdings could surpass Satoshi Nakamoto’s by the end of next year, becoming the world’s largest Bitcoin holder.
6. Attendees of Trump’s crypto dinner rec - #Satoshi Net Worth Tops Bill Gates#
Arkham announced on social media that Satoshi Nakamoto is now wealthier than Bill Gates, with a net worth reaching $116.7 billion compared to Gates' $116.2 billion.
💬 What does this mean for the crypto market? How will Satoshi's wealth impact Bitcoin's future and interest from mainstream investors?
#Trump BTC ETF Application#
Truth Social, operated by Trump Media & Technology Group, has applied for a Bitcoin spot ETF through a partner. The fund aims to track Bitcoin's spot price performance. If approved, Truth Social would be the first social media platfor - 👀 #GateCryptoGiveaway# - Whose eyes are these?
Memecoin Quiz: Guess the memecoins based on the eyes below!
💰 $10 Points * 4 winners
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1️⃣ Follow Gate_Post
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3️⃣ Drop your answer in the comments
📅 Ends at 04:00 AM, Jun 7 (UTC)
Bitcoin Cash (BCH) Retesting Its Descending Channel Breakout: Is a Bounceback Ahead?
Date: Thu, April 17, 2025 | 02:46 PM GMT The cryptocurrency market showed some upside momentum last week after President Trump announced a 90-day pause on tariffs — a move that boosted investor sentiment across risk assets. Bitcoin Cash (BCH) was among the gainers, recording an impressive 12% rise over the week. It is currently trading around $330, although it's still down by about 32% over the past 90 days.
Source: Coinmarketcap Interestingly, recent price action suggests that BCH could be positioning itself for a stronger bullish reversal, as noted by prominent crypto chart analyst @JohncyCrypto. Retesting Its Descending Channel Breakout On the daily chart, $BCH had been stuck in a clear descending channel for several months, dropping from a peak of around $640 to a bottom near $249. The overall trend was bearish, marked by lower highs and lower lows.
Bitcoin (BCH) Daily Chart/Source: @JohncyCrypto However, the tide started to turn last week. On April 12, BCH broke out of the descending channel at approximately $330, pushing the price up to a local high near $374. Since then, BCH has pulled back slightly and is now retesting the previous descending resistance line — a common move after a breakout. Adding to the bullish case, BCH is also finding support at the 50-day moving average (MA 50), currently around $325, which could act as a critical short-term floor. If Bitcoin Cash holds above this zone and successfully bounces, analysts point to several key upside targets: $410$500$565$618 A full move toward the $618 zone would represent an 86% gain from current levels. The volume profile also suggests that once BCH clears the $400–$410 region, it could face relatively lighter resistance on its way up toward higher price areas. Is a Bounceback Ahead? Given the breakout from the descending channel, strong support at the MA 50, and improving market sentiment, BCH looks well-positioned for a potential bounce. However, confirmation is still needed — especially holding above the $322–$328 support zone in the coming sessions. If bulls can maintain this momentum, Bitcoin Cash could be gearing up for a strong recovery run over the coming weeks. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.