Meta's this shareholders' voting symbolizes traditional tech giants' still giants' still cautious approach to crypto assets. Meanwhile, startups and proactive enterprises are accelerating asset divers,ification embracing on-chain assets and financial technology applications. This corporate financial of strategy's "vs. new new divide" may may become increasingly apparent the coming years.
Tech stocks lead U.S. stocks higher, with investors closely monitoring the latest developments in the trade war. Reports suggest that the Trump-Xi meeting may take place this week. After retesting 103K on 5/31, Bit has undergone several days of narrow range consolidation, breaking through 106K this morning.
Will the Trump-Xi Meeting Take Place This Week?
Investors are closely monitoring the latest developments in the trade war. The U.S. has extended the tariff exemption period for certain Chinese goods under Section 301 until August 31. According to Reuters, the Trump administration wants countries to submit their "best offers" for trade negotiations by Wednesday. After mutually accusing each other of violating last month's trade agreement, the U.S. is urging Trump to speak with Xi Jinping.
Trump has repeatedly stated that direct dialogue with Xi Jinping is the only way to resolve U.S.-China differences, but the Chinese leader has been reluctant to speak with the U.S. president, preferring to consult on key issues through advisors. The last known conversation between Trump and Xi Jinping occurred in January, before Trump's inauguration.
Trump's chief economic advisor Kevin Hassett said on Sunday that the White House is looking forward to speaking with Chinese leadership this week.
MicroStrategy Buys BTC Again, Total Holdings Reach 580,955 BTC
Strategy has again spent $75.1 million to acquire 705 Bit, bringing total holdings to 580,955 BTC. This time, Strategy raised $36.2 million and $38.4 million through preferred stocks STRK and STRF, using all proceeds to purchase Bit.
BTC Returns to 106K, Will the Bull Market Continue?
After retesting 103K on 5/31 and experiencing several days of narrow range consolidation, BTC broke through 106K this morning. On-chain analyst Murphy noted that BTC seems to be entering a phase of energy decline, with potential for further rebounds but also risks of deep corrections.
However, BTC analyst PlanB, through a Bitcoin Market Cycles logarithmic chart visualizing BTC market cycles from 2010 to 2025, suggests that BTC is still in a bull market phase. He believes on-chain transaction data has not shown signals indicating the end of the bull market and that it may continue for some time.
(End of Bull Market or Mid-Market Rest? Analysts Reveal BTC Momentum Weakening, Three Key Support Zones Crucial)
Risk Warning
Cryptocurrency investment carries high risk, with prices potentially experiencing significant volatility. You may lose all of your principal. Please carefully assess the risks.
