Week of May 27 - June 2, 2025

Jamie Dimon, CEO of JPMorgan Chase, has taken a notable step by allowing clients to invest in Bitcoin (BTC)—though the bank itself will not custody digital assets. Despite this shift, Dimon remains personally unconvinced about Bitcoin’s value and is still skeptical of blockchain’s potential to revolutionize finance.

Bitwise expects institutional demand for Bitcoin to continue accelerating, fueled by public companies, national governments, and Bitcoin ETFs. They forecast capital inflows could reach up to $120 billion by the end of 2025, with another $300 billion expected in 2026.

Bitcoin ETFs in the U.S. posted a record trading volume of $25 billion last week—the highest so far in 2025. Net inflows totaled $2.75 billion, marking the second-strongest inflow week to date. The IBIT fund remains the leader by trading volume.

The Wall Street Journal reports that major U.S. banks—JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo—are in talks to launch a joint stablecoin project. The move is seen as an effort to counter the rapid growth of digital asset trading platforms.

In the U.S., the Texas House of Representatives has passed a bill to establish a state-level strategic Bitcoin reserve. Across the country, there are currently 47 bills related to strategic Bitcoin reserves under review in 26 states.

Hong Kong’s Legislative Council has approved the “Stablecoins Bill,” requiring any entity looking to issue fiat-backed stablecoins to obtain a license from the Hong Kong Monetary Authority. The law is scheduled to take effect in 2025.

Technical Analysis

Bitcoin (BTC)

Bitcoin (BTC) reached a new all-time high before pulling back. Despite entering overbought territory on the RSI, bullish momentum could still push prices higher. Watch for resistance at $120,000. On any correction, $98,000 is a key support and a potential buy zone.

• Support: 3,300,000 THB / 98,000 USD
• Resistance: 3,900,000 THB / 120,000 USD

Ethereum (ETH)

Ethereum (ETH) is consolidating, building momentum for its next move. Short-term support is at $2,200—a potential entry point. If ETH breaks resistance at $2,700, the next upside target is $2,900.

• Support: 76,000 THB / 2,200 USD
• Resistance: 96,000 THB / 2,900 USD

Worldcoin (WLD)

Worldcoin (WLD) returned 23.76% this week, showing early signs of a bullish reversal. Consider a buy-on-dip approach, with stop-loss protection below $1.055 and a short-term profit target at $1.657.

• Support: 36 THB / 1.055 USD
• Resistance: 52 THB / 1.657 USD
  
  

Artificial Superintelligence Alliance (FET)

FET delivered a 21.78% gain over the past week, with the short-term trend turning bullish. Look for pullbacks as entry points, with a stop-loss if the price falls below $0.700. The first resistance target is $1.060.

• Support: 25 THB / 0.700 USD
• Resistance: 34 THB / 1.060 USD

Investment Trends

The crypto market experienced a modest dip over the weekend after news broke of a planned 50% U.S. retaliatory tariff on the European Union, triggering some selling pressure. However, the rebound was swift after Donald Trump announced a postponement of the measure—preserving the market’s recovery momentum.

Rising U.S. government bond yields and a weakening dollar are likely to continue supporting Bitcoin (BTC), though ongoing volatility in the bond market may temporarily pressure crypto prices.

This week, attention turns to the Bitcoin Conference 2025 (May 27–29), with the U.S. Vice President and key White House advisors slated to attend. Investors will be watching for updates on potential federal Bitcoin purchases—news that could lend further support to prices.

On Wednesday, May 28, the Federal Open Market Committee (FOMC) will release its latest meeting minutes, offering insight into policymakers’ views on interest rates. On Thursday, May 29, Q1 GDP data is expected, with forecasts pointing to a -0.3% contraction (down from +2.4%). If the data meets expectations, it could weigh on Bitcoin in the short term, but may also raise the odds of a Fed rate cut sooner than previously expected.

Investment Strategy: Focus on accumulating large-cap altcoins that could benefit from evolving U.S. crypto policy—including Ethereum (ETH), Ripple (XRP), Solana (SOL), and Sui (SUI). For Bitcoin, look for opportunities to buy on price pullbacks.

References

• https://www.theblock.co/post/354883/jamie-dimon-says-jpmorgan-will-allow-clients-to-buy-bitcoin-but-firm-will-not-custody-it
• https://cointelegraph.com/news/bitcoin-inflows-projected-to-reach-420b-in-2026-bitwise
• https://www.theblock.co/post/355662/spot-bitcoin-etfs-log-highest-volume-week-of-2025-as-blackrocks-ibit-reaches-30-day-streak
• https://cryptobriefing.com/joint-stablecoin-project-us-banks/
• https://cointelegraph.com/news/texas-house-passes-strategic-bitcoin-reserve-bill
• https://www.theblock.co/post/355202/hong-kong-passes-stablecoin-bill-to-establish-licensing-regime-amid-global-competition   

Disclaimers

• Cryptocurrencies and digital tokens are highly risky; investors may lose all investment money. It is important to study information carefully and invest based on your own risk profile.
• Past returns or performance of digital assets do not guarantee future returns or performance. 

Remark: The views, information, knowledge, and opinions expressed herein are those of the individuals involved and do not represent the views of Bitazza or its employees. Neither this email nor the content presented constitutes investment advice.

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