Presidential-themed cryptocurrencies rally across the board, with TRUMP jumping over 26% in 24 hours and MELANIA rising more than 13%.

Prominent trader Killa compared Bitcoin’s 2022 bottom pattern to its current formation, advising investors to watch for potential short-term pullbacks from highs. “Bitcoin will still hold its previous lows and won’t actually break below them,” he noted. He added that the only way to validate this pattern is for BTC to pull back to its prior consolidation range and show clear signs of weakness on 4-hour (4H) or daily (1D) charts. If no weakness emerges and BTC fails to return to that range, the pattern will be invalidated. Killa, a BTC-focused quantitative trader, correctly predicted the peak of the current bull market in May 2025 and boasts over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688 before switching to a long position during the broad market sell-off on June 5.

According to Bitget market data, SK Hynix’s gain has widened to 13%; Samsung Electronics rose 9.7%, after Samsung announced it will unveil a 100 trillion won shareholder return plan.

Samsung to announce 100 trillion won shareholder return plan. (Money Today)

According to Bitget market data, South Korea’s KOSPI index surged 6.28% intraday, SK Hynix rose 10.80%, and Samsung Electronics gained over 7%.

Whale "Sets 10 Major Goals First" Jasonleo shared a trade on social media 3 hours ago, revealing he had shorted 1,894 Bitcoin at the $69,826 level, with an unrealized profit of over $600,000 at the time of posting. He later outlined his shorting logic, stating the position has a very low stop-loss at $70,400 and take-profit targets between $68,000 and $66,500. Ten hours ago, Jasonleo posted his Bitcoin long position, which showed an unrealized profit of up to $13 million.

JPMorgan strategists warn that the market may view the U.S. Treasury’s unexpected move to push down long-term financing costs as lacking credibility, a development that could drive up term premiums and bond yields over time. The Treasury announced Wednesday it will at least double its bond repurchase scale to provide "greater liquidity support" — an action aimed at lowering long-term U.S. Treasury yields. But JPMorgan argues the measure is only a temporary fix, not a long-term solution: the U.S. economy is near full employment yet still running a 6% fiscal deficit. Strategists including Jay Barry wrote, "Without genuine fiscal consolidation, we worry the market will see this move as lacking credibility. If the Treasury becomes more opportunistic in debt management and further deviates from its 'regular and predictable' principles, this could lead to higher long-term premiums and yields." The total size of U.S. Treasuries has topped $40 trillion, making it harder for policymakers to control financing costs even as the U.S. government keeps issuing more government debt. A market survey shows roughly 60% of respondents believe the U.S. debt situation will continue deteriorating until it sparks a major crisis. (Source: Jinshi)