The percentages on deposits as of June 19

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CEO of Binance exchange Richard Teng believes that the bitcoin price could break through the $80,000 level by the end of 2024. His prediction is driven by sustained high demand in the face of shrinking supply in the market

"I think we are at the very beginning of this bullish cycle. [...] Last year was frankly a bad year, and we are still feeling the effects of that. But at the same time, there are certain differences in this cycle. One of them is that bitcoin hit an all-time high even before the halving," Teng noted.

The CEO of Binance emphasized that he did not expect such a thing. Therefore, he believes that the first cryptocurrency will again update the historic high before the end of 2024 at the level of $80,000.

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The percentages on deposits as of June 18

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Trump pledged last month to support crypto if he’s elected

Is Donald Trump looking to endear himself further to the $2.5 trillion crypto industry with the launch of a new crypto token called "Trump Coin"?

That’s the buzz, according to crypto industry participants, as Trump ramps up his campaign for the November presidential election. Industry experts are trying to figure out the origins of a so-called meme token registered on the Solana blockchain platform under the symbol "DJT" and the moniker "Trump Coin."

DJT, of course, is the stock symbol of Donald Trump's social media platform called Truth Social. The stock itself has been a meme stock favorite since going public in March, with shares of DJT trading as high as $79.38. The stock currently trades around $35.

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The percentages on deposits as of June 17

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Bitcoin failed to climb above $67,000 and started another decline.
The price is trading below $66,800 and the 100 hourly Simple moving average.
There was a break below a connecting bullish trend line with support at $66,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could continue to move down and even trade below the $65,500 support zone.

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