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Data shows the rebound in Bitcoin and other cryptocurrencies has punished the bears, triggering a massive wave of short liquidations. Crypto Sector Has Just Witnessed A Mass Liquidation Event According to data from CoinGlass, a large amount of liquidations have piled up on the cryptocurrency derivatives market. “Liquidation” refers to the forceful shutdown that any open contract has to go through if its losses exceed the threshold defined by its platform. Below is a table that shows the numbers related to the latest liquidations in the market. As displayed, the cryptocurrency sector has seen a derivatives flush of over half a billion dollars during the past day. Out of these, 73.7% of the liquidations, equivalent to $371 million, came from the short investors alone. The short-heavy mass liquidations have come as Bitcoin and company have rebounded following the news of a ceasefire between Israel and Iran. Earlier, US strikes on Iranian nuclear facilities had induced a crash in the market that ended up unleashing a flurry of long liquidations. This time, it seems the bears have been the ones caught out instead. As usual, Bitcoin and Ethereum have topped the list of liquidations, but interestingly, the latter ($168 million) has managed to outweigh the former ($153 million), which is generally not the case. Ethereum observing a higher amount of liquidations could come down to the fact that its price has seen a larger jump during the past day (7% vs 3.5%). It could also be an indication of an elevated level of speculative interest in the cryptocurrency. Out of the altcoins, Solana and XRP have topped the charts with $29 million and $13 million in liquidations, respectively. Though clearly, these numbers are quite small compared to the figures of the top two titans, showcasing the sheer difference in capital involved. In some other news, Bitcoin taker buy volume has shot up on the cryptocurrency exchange Bybit, as an analyst has pointed out in a CryptoQuant Quicktake post. In the chart, the data of the Bitcoin Taker Buy Sell Ratio is shown. This metric measures the ratio between the taker buy and taker sell volumes for a given platform. Here, the exchange involved is Bybit. It would appear that the indicator has recently seen a sharp spike above the 1 mark, a sign that long volume has started to sharply outpace the short one. According to the quant, spikes in the metric on Bybit have often preceded a surge in the BTC price. BTC Price Following the recovery run over the last 24 hours, Bitcoin has returned to the $105,100 mark.

Antofagasta plc (LSE: ANTO) recently celebrated the 25th anniversary of its flagship copper mine, Los Pelambres, situated in Chile’s Coquimbo region, about 240 km north of Santiago. As one of the largest copper mines in the world, Los Pelambres has produced more than 8.5 million tonnes of the industrial metal to date. Last year, its output came to 320,000 tonnes, ranking just outside the top 10 producers globally. In 2024, Antofagasta completed its Phase 1 expansion project, which comprised the construction of a desalination plant and water pipeline from the coast to the El Mauro tailings storage facility, and an expansion to the concentrator plant by installing additional mills and flotation cells. Following the Phase 1 expansion, the company initiated two new projects: a new concentrate pipeline that will follow a less populated route, and an expanded desalination plant to help reach its goal of having 90% of water use coming from seawater or recirculated sources. According to the London-listed copper miner, both projects are now advancing on budget and on schedule, supported by over 3,000 contractors deployed across the sites. In addition, the company is trialing a trolley-assist system, powered entirely by renewable energy, that is expected to help reduce the mine’s diesel consumption by haul trucks, providing savings both in terms of costs and Scope 1 emissions. The trial, including feasibility studies, is expected to take place over the next 2-3 years. Antofagasta also views community engagement as an integral part of its operations at Los Pelambres. For this, it created the Somos Choapa program, aimed at supporting various initiatives in host communities in the Choapa Valley. To date, it has implemented over 150 projects in its first 10-year cycle, which ended in 2024. Antofagasta, majority-owned by Chile’s Luksic family, believes that these major projects at Los Pelambres will help to deliver another 25 years of production and value creation. To that end, the company has submitted an environmental impact assessment for its development options project, which could extend the mine’s life to 2051. A video celebrating the milestones achieved in developing the Los Pelambres mine can be seen here.

Water and resource recovery company Gradient announced Tuesday that its wholly-owned lithium business, alkali, will design and build a commercial lithium production facility in the Marcellus Shale Formation of Pennsylvania. The site, the company said, is the world’s first to extract, concentrate and convert (EC²) lithium in a fully integrated, end-to-end process from oilfield produced water. This announcement builds on last year’s launch of alkaLi’s EC² platform, which Gradient said guarantees a minimum 95% lithium recovery at customer sites—empowering producers to deliver battery-grade lithium carbonate in a more efficient, cost effective and more sustainable environment. Gradiant’s alkaLi owns and operates the Pennsylvania facility—including equipment, land, water and mineral rights, and permits. This vertically integrated model, it said, could secure long-term US lithium supply while avoiding the permitting and ownership delays that often stall critical mineral projects. Currently in testing, Gradient said the system has already proven 97% lithium recovery from produced water and 99.5% purity for battery-grade lithium carbonate. Gradient said alkaLi has signed a multi-year offtake agreement to supply up to 5,000 metric tonnes annually of battery-grade lithium carbonate to a US lithium-ion battery manufacturer for electric vehicles and energy storage systems. “We now have a fully operational lithium production asset in the U.S. that proves what EC² can deliver,” Gradiant CEO Anurag Bajpayee said in a news release. “This isn’t a concept—it’s a live facility demonstrating that clean, domestic lithium production is both viable and scalable,” Bajpayee said. “Our goal isn’t to compete with customers, but to empower them—and the broader industry—to meet surging demand for battery-grade lithium and accelerate the clean energy transition. This strategic investment in the Marcellus Shale, which could supply 50% of U.S. lithium demand, validates the maturity of alkaLi’s technology and secures a long-term domestic supply.” The company said commercial operations are on track for early 2026.

A crypto analyst has reaffirmed a bullish outlook for XRP, suggesting that the cryptocurrency’s price action is unfolding exactly as anticipated. The analyst points out that XRP is now approaching the critical support level at $1.90, which could signal a potential bullish reversal if the price manages to hold above it. XRP Eyes $1.90 As Key Reversal Zone Crypto market expert CasiTrades believes that the XRP price behavior is moving exactly as predicted following its recent price drop below $2. According to the chart and analysis published on X (formerly Twitter), XRP’s retracement toward the $1.90 region is not a sign of weakness but a textbook setup for a potential reversal. The $1.90 level represents a major Fibonacci Retracement zone, specifically the 0.5 retracement from the macro correction, which the analyst has been closely watching for a possible price reaction. According to CasiTrades, this zone is more than just a random support level—it aligns with a pattern that the analyst described in earlier updates. In these previous reports, CasiTrades was watching out for distinct price movements during XRP’s decline, including a bounce off a key Fibonacci level, a short-term fakeout upward to trap late buyers, and a final drop back into the support zone, where Bullish Divergence can develop. This distinct price pattern now appears to be playing out exactly as expected on the XRP price chart. If XRP holds above the $1.90 level while forming a Bullish Divergence on the Relative Strength Index (RSI), it could confirm a textbook bottom setup and potentially signal the start of a new impulsive rally. XRP And Bitcoin Display Synchronized Patterns CasiTrades’ price chart shows XRP forming a Descending Triangle, with its latest move dipping just into a high-demand zone marked by previous price reactions. In line with the Elliott Wave Theory, this pattern suggests the upcoming completion of Wave 2 with a massive breakout in Wave 3 potentially taking shape if the $1.90 support level holds. Additional support from key Fibonacci levels, such as the 0.618 and 2.136 extensions at $2.0 and $2.1, respectively, reinforces strength in XRP’s potential for a rebound. Interestingly, the analyst points to the Bitcoin price action mirroring this exact behavior—bouncing from just under its own 0.236 retracement near $97,000, and potentially setting up for a final dip into support. This synchronized structure across both XRP and BTC adds heavy confluence. CasiTrades notes that this current downturn is not a breakdown, but rather a final calculated shakeout before a broader rally. If both Bitcoin and XRP reach as expected while positioned at $0.19 and $97,000 respectively, the analyst believes it could trigger a new bullish leg in the crypto cycle.

🇺🇸 Powell sinaliza possível corte antecipado de juros, mas mantém postura de cautela frente à inflação tarifária Por Igor Pereira | Analista de Mercado – ExpertFX School Nesta terça-feira (24), o presidente do Federal Reserve, Jerome Powell, participou de audiência no Congresso norte-americano e apresentou um panorama complexo, mas cautelosamente otimista, sobre a inflação, o mercado de trabalho e a política monetária dos EUA. O discurso, amplamente aguardado pelos mercados globais, trouxe mensagens mistas e revelou a atual estratégia da autoridade monetária: esperar, monitorar, e cortar se necessário. 🗣️ Principais Declarações de Powell Entre os destaques do discurso de Powell: “A economia dos EUA não está em recessão.” “Se a inflação vier mais fraca que o esperado, poderemos cortar os juros mais cedo.” “Um mercado de trabalho mais fraco também sugeriria cortes antes do previsto.” “Estamos em modo de espera e observação.” “Esperamos ver efeitos significativos da inflação tarifária entre junho e agosto. Se isso não acontecer, isso nos levaria a cortar mais cedo.” “A maioria significativa dos formuladores de política considera apropriado reduzir os juros ainda este ano.” “Estamos chegando perto da estabilidade de preços, mas ainda não estamos lá.” Powell reforçou que as taxas estão em níveis “modestamente restritivos”, sugerindo que o Fed ainda vê espaço para cortes sem comprometer o controle da inflação. 📊 Impacto nos mercados financeiros As falas de Powell provocaram reação mista nos ativos, com o dólar (DXY) inicialmente em leve queda e os Treasuries de 2 anos recuando, refletindo uma leitura dovish no curto prazo. Índices de ações (S&P500 e Nasdaq): mantiveram a trajetória positiva, com o mercado precificando probabilidades crescentes de cortes ainda no 3º trimestre de 2025. Ouro (XAU/USD): se mantém acima de $3.300/oz, sustentado pela expectativa de afrouxamento monetário e pela incerteza geopolítica com Irã e Rússia. Bitcoin (BTC/USD): sobe levemente com correlação positiva à expectativa de liquidez futura. Euro (EUR/USD): ganha leve força frente ao dólar após sinais de enfraquecimento na postura hawkish do Fed. 🛑 Incertezas tarifárias e riscos fiscais Powell destacou a incerteza sobre o impacto das tarifas impostas pela administração Trump, alertando que não se sabe ainda quanto dessa inflação será repassada ao consumidor final. Esse ponto é central, pois conecta a política monetária à pressão fiscal crescente, já que Donald Trump exige juros mais baixos para reduzir o custo da dívida pública — cenário que pode colocar em risco a independência do Fed. 📉 Perspectivas para os próximos meses Com base nas falas de hoje e nos dados recentes, o cenário projetado é: Variável Expectativa Próximo corte de juros (Fed Funds) Entre julho e setembro de 2025 Inflação (PCE/Core) Pressão moderada até agosto devido a tarifas Mercado de trabalho Sinais iniciais de enfraquecimento Risco geopolítico Elevado (Irã, Rússia) — pode influenciar commodities e inflação Ativos sensíveis a juros Ouro, ações e criptos tendem a se valorizar 📌 Conclusão: Fed segue paciente, mas o gatilho para cortar está armado O Fed mantém a postura de vigilância, mas deixou claro que tanto uma inflação mais branda quanto um enfraquecimento do emprego acelerariam o corte de juros. Com os riscos geopolíticos ainda no radar e a incerteza tarifária no horizonte, o Fed sinaliza disposição para agir — mas sem pressa. Para os traders, a leitura é clara: dados de inflação e emprego nos próximos dois meses serão cruciais para determinar o momento exato do início do ciclo de afrouxamento monetário. 🔎 Continue acompanhando a ExpertFX School para atualizações ao vivo sobre decisões do Fed, geopolítica, ouro (XAU/USD), inflação e oportunidades de trade em tempo real. Igor Pereira Membro WallStreet NYSE | Analista-Chefe – ExpertFX School

Log in to today’s North American session Recap for June 24, 2025 Today was a heavily risk-on session with Equity indices on top of the board, with the Nasdaq notably attaining new all-time highs (currently trading right around the ATH). All currencies are leading against the US Dollar, which got sold off aggressively as markets are now moving away suddenly from the conflict that lasted about 12 days – Too much for a market that seems to only go upwards since April. One particular dynamic of today's session is the top performers in Forex that are seen as the typical safe-haven currencies – The Japanese Yen and the Swiss Franc are both finishing the day up around 1% against the USD. Other Safe-Haven assets like gold got sold off pretty aggressively, with the precious metal trading more than 3.70% from its war-highs (currently 3,320 vs 3,450 – ATH is at 3,500). The worst performer in post-war flows is US Oil that gave back all of its premium and more: The energy commodity is trading back to the highs of the May monthly range, around $66 after touching $64 lows – As a reminder, Oil was trading from $72 to $75 for the past week – Trump posted on Truth Social that the US may lift the sanctions imposed on Iranian exports to China. Read More: US Dollar slides on de-escalation of Iran tensions Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Shiba Inu tumbled to an intraday bottom of $0.000010 on Sunday, marking its weakest point in 16 months. According to market analyst Tom Tucker, that low could set the stage for a sharp turnaround. The meme coin has slipped 14% since June began and is off 37% from its May high of $0.00001764. Big holders are growing cautious too, with whale wallets down about 80% and open interest in Shiba Inu futures falling to $123 million—a level last seen in early April. Double Bottom Pattern Offers Hope Based on reports from Tucker’s June 22 chart examination, the meme coin appears to be forming a classic double bottom on its daily price graph. That pattern often signals that a sell-off has run its course. SHIB first bounced off roughly $0.00001028 on April 7, climbing 70% to reach $0.00001765 by May 12. Now that the coin has revisited that support zone at around $0.00001030, traders will be watching closely to see if history repeats itself. Support Zone Holds Crucial Key According to Tucker, Shiba Inu needs to stay above $0.000010 to confirm the double bottom. The token has already climbed 7.7% from Sunday’s trough to trade around $0.00001081 today. If the support holds firm, he predicts a 62% rally that would lift SHIB to about $0.00001752—practically matching last month’s peak. Whales Exit As Risk Appetite Fades The most recent decline in major holder balances suggests that there could be a shift in market sentiment among Shiba Inu biggest fan base. Whale positions have been 80% lower from its May high, and the decline in open interest hints that leveraged speculators are not taking as much risk. Those moves suggest caution is likely to persist until the buyers return en masse. Shiba Inu Team Urges Patience Meanwhile, the Shiba Inu ecosystem’s marketing lead, Lucie, has asked the community to stay calm. Based on statements from the team, the rally to $0.01 is still the long-term goal, but reaching that milestone means to not “panic” and stay resilient. Lucie reminded supporters that market swings are part of the journey and that holding through downturns could pay off down the line. Investors seeking a clear entry point might find the present price action appealing. If SHIB manages to hold above that $0.000010 support, a rapid recovery is in the cards. But if the coin goes below that line, the next move down might take it to even lower levels. Traders should be observing volume, whale actions, and the larger crypto market sentiment before making their next move. Featured image from Imagen, chart from TradingView

Global equity indices are rallying over 1% on the session following news that a US-brokered ceasefire between Israel and Iran is now in effect, bringing a temporary end to nearly two weeks of military conflict. To recap, the Israel-Iran escalation began on Thursday, June 13, after the breakdown of US-Iran nuclear negotiations. In response, Israel launched preemptive strikes targeting Iranian nuclear infrastructure, aiming to prevent further development of a potential nuclear weapon. The US subsequently stepped in to contain the situation, and Iran’s retaliation was largely symbolic—paving the way for the current ceasefire agreement. Despite elevated geopolitical tensions, equity markets remained resilient. While initial corrections followed the outbreak of conflict, indices never strayed far from their record highs, providing ample trading opportunities amid heightened volatility. What’s notable is the bears' failure to trigger a deeper correction in Equities, which has fueled a strong reversal. As of this writing, the Nasdaq just touched its all time-highs, reversing slightly from here. Read More: USDJPY tumbles as War flows are now behind us Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Bitcoin is trading above the $105,000 level after a sharp rebound triggered by the announcement of a ceasefire between Israel and Iran. The geopolitical relief provided a strong tailwind for risk assets, and BTC responded with a powerful surge, regaining a critical psychological level that had previously flipped into resistance. Now, as bulls regain momentum, Bitcoin is flirting with a potential breakout above the $110,000 mark — a key level that capped rallies throughout June. This renewed strength comes after several days of volatility and fear, where BTC dipped to as low as $98,200 amid escalating conflict in the Middle East. However, the swift recovery has shifted sentiment back in favor of the bulls. According to on-chain data from CryptoQuant, there has been a heavy spike in Taker Buy Volume over the past 48 hours — a strong signal that aggressive market participants are stepping in with conviction. These buy-side imbalances suggest that institutional and high-conviction traders are positioning for further upside. As the market heats up and risk appetite grows, a breakout above the $110K resistance could confirm the start of a new bullish impulse. For now, all eyes are on whether BTC can hold and extend above current levels. Bitcoin Faces Uncertainty As Bulls Defend Structure Bitcoin is currently facing a critical test, trading in a tight range after failing to break above its all-time high. Although bulls have managed to defend the overall structure and keep BTC above key moving averages, the price action has not provided a clear directional signal. The asset is roughly 6% down from its $112K peak, and while some traders expect an imminent breakout toward new highs, others warn of a potential retrace below the $100K psychological level. This divide among analysts stems from ongoing geopolitical instability — particularly in the Middle East — and tightening macroeconomic conditions. The Fed’s commitment to elevated interest rates and rising US Treasury yields continues to weigh on risk sentiment, making it difficult for BTC to build sustained momentum. Despite the uncertainty, buyers have shown signs of strength, with many looking to confirm the recent bounce as a solid bottom. Top analyst Maartunn highlighted one key bullish signal: heavy spikes in Taker Buy Volume, which indicate aggressive market orders being filled on the buy side. This suggests that high-conviction buyers are stepping in at current levels, potentially front-running a larger move to the upside. While this is a positive sign for short-term sentiment, Bitcoin must still reclaim the $109K–$112K range to invalidate the risk of a broader correction. Until then, traders remain cautious. If BTC closes a daily candle below the $103.6K support or loses the $100K level again, it could trigger a wave of liquidations and send prices lower. On the other hand, holding above $105K and building volume could set the stage for the next leg up. The coming days will be crucial in defining Bitcoin’s path forward. BTC Surges Above Key Support As Buyers Step In The 12-hour chart for Bitcoin reveals a strong bullish reaction after a brief dip below the $103,600 support level. The price rebounded sharply, reclaiming both the 100 and 50-period moving averages (green and blue lines, respectively), with BTC now trading around $105,357. This move confirms the importance of the $103,600 zone as a high-demand area, which has acted as a launchpad multiple times since early May. Volume surged on the recent bounce, indicating aggressive buying activity. The spike suggests whales and institutional buyers likely absorbed the panic selling triggered by geopolitical events earlier in the week. Price is now approaching the $109,300 resistance level, a key ceiling that capped multiple rallies in May and June. The short-term momentum remains constructive as long as BTC holds above the moving averages. However, a rejection near $109K could confirm a broader consolidation range between $103K and $109K. If bulls manage to flip $109,300 into support, the path to retest the all-time highs around $112K opens up. Featured image from Dall-E, chart from TradingView

Magna Mining (TSXV: NICU) has been awarded C$500,000 by the Ontario government for the company’s brownfield Crean Hill nickel-copper-platinum group metals project. The award is part of the Critical Minerals Innovation Fund launched by the province in 2022. The funds, said Magna, will be applied towards metallurgical work related to enhancing precious metal recoveries from contact and footwall mineralization at Crean Hill, which was carried out as part of its 2024 surface bulk sampling program. “We are extremely pleased to be the recipients of this funding program, and we are delighted that the Ontario government is supporting our efforts to develop new critical mineral production in Sudbury,” Magna Mining’s senior vice president Paul Fowler stated in a news release. “By supporting Magna Mining’s Crean Hill project in advancing mineral processing work to maximize precious metal yields and boost copper and nickel output, we are helping to write the next chapter for Sudbury’s mining sector,” Stephen Lecce, Ontario’s Minister of Energy and Mines, added. In addition to Crean Hill, Magna said it has plans to restart multiple new mining operations and increase copper and nickel production in Sudbury over the next 3-4 years. Crean Hill mine Crean Hill is the site of a past-producing mine located in a historic nickel mining district of Sudbury. INCO (now Vale Canada) was its operator for three periods between 1900 and 2002, during which it produced more than 20 million tonnes of nickel-copper ore. In 2022, Magna purchased the property from Lonmin Canada, and since moved quickly through the pre-development process, filing its closure plan in the third quarter of 2023, and obtaining its final permits in April 2024. Last September, the company released an updated economic assessment for the project, outlining a post-tax net present value (at an 8% discount) of C$194.1 million and a 13-year mine life. The assessment was based on an NI 43-101-compliant mineral resource estimate of over 30 million tonnes, including 14.5 million tonnes of high-grade underground resources. First production would come from test mining and bulk sampling, beginning with the 109 footwall deposit at surface then moving underground. For the first phase, Magna is expected to use Glencore’s Strathcona mill in Levack for processing and metallurgical testing. The company also has an offtake agreement with Vale (NYSE: VALE) that would see initial production from Crean Hill sent to the Clarabelle mill nearby.

Ethereum’s price action in the past 24 hours has been characterized by a fall toward $2,100 before rebounding to the upside very quickly. Ethereum’s price dropped to $2,130 in the past 24 hours on crypto exchange Coinbase amidst a broader fall in the crypto industry, which also saw Bitcoin break below $100,000 very briefly. Despite the sudden Ethereum price correction, analysts have presented arguments that hint at a strong Ethereum rally once this current downturn is complete. Notably, their projections are not short-term, and one of them puts Ethereum’s next major target around $6,000. Wave A Complete, But Downside Likely Before Rally The first detailed analysis came from @CryptoWaveV, a trader who uses Elliott Wave Theory to forecast market structure. According to his recent post, Ethereum’s price has now completed what he considers to be wave A of a larger corrective structure. His chart shows Ethereum breaking down from a high around $2,900 and falling almost directly into a Fibonacci-based support zone between $2,134 and $1,957. Now that the Wave A pattern is complete, the prediction is a short-term bounce to as high as $2,792 as part of a wave B retracement. However, this upward move would likely be temporary before another Wave C leg downward, which could drive the Ethereum price to as low as $1,706 before a meaningful bottom is confirmed. This level is what the analyst refers to as his “ideal buy zone” for long-term accumulation. Although the short-term view includes price crashes, a full bullish impulse will resume once this corrective phase is complete. Wyckoff Structure Points $6,000 ETH Price Merlijn, a popular analyst on X, shared a contrasting yet converging perspective. In this case, the analyst’s outlook is based on Wyckoff’s accumulation framework. Merlijn stated, “Ethereum: Wyckoff says go.” According to the daily price chart that followed his analysis, the analyst showed that the crypto had already completed the spring and test phases, which are both components of a Wyckoff accumulation pattern. What comes next, according to the Wyckoff method, is the markup phase. The chart Merlijn posted aligns with this outlook. The chart projected that Ethereum will reclaim a horizontal range between $2,150 and $2,450, followed by a steady progression above $3,850, and then another strong move past $4,800, before ultimately culminating around $6,800 to $7,000. This bullish setup suggests that while the recent dip to $2,100 might have shaken confidence, it may have served a larger structural purpose. The spring and test patterns imply a final shakeout of weak hands, clearing the path for long-term buyers to step in. Finally, the outlooks from both analysts converge on a six-month to one-year trajectory that could see Ethereum breaking into the $6,000 range, if not higher. At the time of writing, Ethereum is trading at $2,420, up by 7.4% in the past 24 hours.

The most volatile major currency pair delivered another textbook session, marked by two-handle swings over consecutive days. After a brief show of strength, the U.S. Dollar resumed its broader decline against most major currencies. The post-war reversal was continued further after today's speech from Fed Chair Powell at the US Congress, in which he offered no fresh signals regarding a rate cut at the July 30 FOMC meeting—a message that markets are watching closely. The absence of new dovish guidance was interpreted as a continuation of the current policy stance, prompting traders to resume the prevailing bearish trend on the Greenback. The Japanese Yen, which had underperformed during the USD's initial rally, staged a sharp comeback. Its V-shaped reversal has pushed it to the second-best spot among major currencies in the current North American session, close to tied the Swiss Franc. USDJPY is now back inside its two-month range after a false breakout to the upside. Explore the technical zones of interest as the pair recalibrates. Read More: US Dollar slides on de-escalation of Iran tensions Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Lots of turmoil in the East triggered a sharp price decline on ETH USD and the global crypto market over the weekend. A recovery attempt is on the way, though key levels need to break before bulls can cheer. And, of course, all we really want is global peace. Follow along as we analyse the charts below. Daan’s analysis is very close to mine. I usually select posts that show something different, though his thesis does not have much technical explanation. We will go over the reasons why, when we analyse the charts below. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 ETH USD Price Volatility: Technical Analysis On Latest Moves (ETHUSD) Check out last week’s article here. I purposely kept all the drawings on the charts and have not added anything. This is a good exercise as you learn to do technical analysis. The pair has successfully filled both FVG zones and is starting the week with great strength. Will the Bulls be able to keep the momentum going? DISCOVER: 20+ Next Crypto to Explode in 2025 How Is ETH USD Shaping Up on The Daily Chart? (ETHUSD) On the Daily timeframe, ETH USD price movements look rather good. RSI is below and needs to reclaim the bullish upper half. MA100 got retested beautifully and yesterday closed with a bullish engulfing candle. Now it’s headed towards MA50 and MA200 and still needs to reclaim MA200 before we can see bigger moves on alts. Overall, the structure here remains bullish, as this dip formed a lower high. DISCOVER: Best New Cryptocurrencies to Invest in 2025 (ETHUSD) The 4H chart gives us another interesting perspective. RSI dipped to oversold and quickly recovered into the upper half. We are still below all MA’s here and definitely want to go above. The reaction from the FVG gap looks like a V-shaped recovery, which is a strong bullish indicator. We’re still not out of the water; now it’s too late to enter a position. I’d rather wait it out and see what the market does next. Join The 99Bitcoins News Discord Here For The Latest Market Update ETH USD Recovery On The Way: What Traders Watch For? Market structure remains bullish on 1D RSI on 4H went from oversold to bullish levels quickly FVG zones are filled Still needs to break and close above MA200 on 1D for alt season. The post ETH USD Recovery On The Way: What Are Traders Watching For? appeared first on 99Bitcoins.

Silver X Mining’s Nueva Recuperada project in Peru. Credit: Silver X Mining Silver X Mining (TSXV: AGX) has secured a $2 million loan from commodities trading giant Trafigura to support the expanded production of copper from its Nueva Recuperada project in central Peru. The loan builds on the existing copper offtake agreement for Nueva Recuperada, which is ramping up to its nameplate capacity. The proceeds will be used by Silver X to install a third flotation circuit at the Recuperada plant to produce additional copper concentrates. Under the companies’ arrangement, Silver X will sell 100% of the copper concentrate produced at Nueva Recuperada to Trafigura from the start of production through April 2029. “The execution of this expanded offtake agreement with Trafigura marks a key milestone for Silver X, positioning us to unlock meaningful value from our growing production profile,” stated Silver X CEO Jose Garcia. “This agreement not only strengthens our balance sheet through access to flexible capital but also supports the acceleration of development at our project.” The $2 million loan will be drawn in in tranches and carries an interest rate of SOFR plus 6%, with an expected repayment term of 20 months from the initial drawdown date. Historical mine area The Nueva Recuperada project covers a large area (over 200 sq. km) within the Huachocolpa mining district, containing silver-gold-lead-zinc-copper epithermal veins and other deposit types. To date, a total of 541 veins and splits have been identified on the property. The project lies within a historical mining area, with mining activity dating back to the 16th Century. The Nueva Recuperada plant operated for 60 years before being placed on care and maintenance in 2014. Historic production accounts for approximately 200 million oz. of silver equivalent within a 30 km radius. Silver X acquired the project by consolidating various mining concessions from Buenaventura, Pan American Silver and Peruvian Metals. The Tangana unit located at the northern end of the property began production in 2022 and is now ramping up towards a nameplate capacity of 720 tonnes per day. Earlier this year, the company updated the resource estimate at Nueva Recuperada to 4.26 million tonnes, with grades of 3.28 oz. silver per tonne, 0.56 gram gold, 1.88% lead and 2.22% zinc.

GBP/USD is rallying today, currently up 0.70% in the New York session. Trading around ~1.36200, cable is on pace for its best two-day performance since mid-April, owing to further dollar downside. GBP/USD: Key takeaways from today’s session A fall in safe-haven demand, mainly due to expectations of a ceasefire between Israel and Iran, has opened the door to further dollar weakness, with the DXY down 0.46% in today’s session Otherwise, dovish commentary from Fed policymakers, suggesting that a July rate cut remains a possibility, has also hurt dollar pricing close GBP/USD, OANDA, TradingView, 24/06/2025 GBP/USD, OANDA, TradingView, 24/06/2025 More on FX today: Canadian dollar steady ahead of inflation report Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Ethereum has experienced significant volatility in recent days, driven largely by escalating geopolitical tensions in the Middle East. After breaking down from the range that had held since early May, ETH fell sharply to $2,100, triggering widespread concern among investors. The breakdown was largely attributed to the market’s reaction to the US attack on Iranian nuclear facilities, which escalated the conflict between Israel and Iran. However, markets quickly responded to positive developments. Ethereum rebounded strongly above the $2,400 level following reports that Iran and Israel had agreed to a ceasefire, temporarily easing global risk sentiment. This relief rally brought new optimism to the Ethereum market, especially amid signs of institutional confidence. According to data shared by top analyst Ted Pillows, a major whale or institutional entity purchased another $8.91 million worth of ETH, continuing an aggressive accumulation streak. Over the past three weeks, this same entity has reportedly bought $422 million in Ethereum, signaling strong conviction despite recent market stress. This wave of accumulation suggests that long-term players may view the current price zone as a key opportunity, reinforcing the idea that Ethereum could be building a base for its next major move once broader conditions stabilize. Ethereum Surges As Ceasefire Ignites Market Optimism Ethereum surged over 14% following reports of a ceasefire agreement between Israel and Iran, providing a much-needed relief rally after weeks of geopolitical tension and uncertainty. The news sparked a wave of bullish momentum across the market, with ETH rebounding sharply from recent lows near $2,100 to trade firmly above the $2,400 mark. Bulls, who had lost control amid panic selling, are now showing signs of strength as the market prepares for its next decisive move. Despite this rebound, caution remains. The broader macroeconomic environment continues to tighten, with rising concerns over a potential US recession, high Treasury yields, and sustained hawkishness from the Federal Reserve. These factors could weigh on risk assets in the weeks ahead, putting Ethereum’s rally to the test. Nonetheless, optimism is building, especially around the possibility of the long-awaited altseason—one that many believe will be led by Ethereum. Adding fuel to this narrative is the growing trend of whale accumulation. According to insights shared by analyst Ted Pillows, a major whale or institutional entity has just acquired another $8.91 million worth of ETH. This purchase adds to a staggering $422 million in Ethereum accumulated over the past three weeks. Such aggressive buying suggests that large players are positioning themselves for a major move ahead, likely expecting Ethereum to be at the forefront of the next market cycle. As ETH consolidates above key levels, the accumulation trend could act as a foundational force supporting higher prices, especially if macro and geopolitical risks stabilize. ETH Reclaims $2,400 Following Sharp Rebound Ethereum has reclaimed the $2,400 level after a swift rebound from a breakdown near $2,100. The recent candle structure on the 3-day chart shows a strong wick to the downside, followed by a recovery, reflecting the impact of geopolitical developments, most notably the ceasefire between Iran and Israel. This bounce prevented a deeper selloff and has brought Ethereum back above a key psychological level. Looking at the chart, ETH remains under pressure from the 100-day and 200-day moving averages, currently acting as resistance around the $2,638 and $2,779 zones. Price also recently broke a short-term descending trendline and is now attempting to consolidate above it. This suggests the potential for a trend reversal if bulls can sustain momentum and push through the moving average cluster. Volume remains subdued but shows signs of recovery, signaling early interest returning after the fear-driven flush. A break and close above the $2,600 range would likely open the path to retest the $2,800 zone, which was a major supply area in previous months. Featured image from Dall-E, chart from TradingView

Alexander Hagen, CEO of Oslo based Ace Digital, revealed that he thought that his company would be the first in Europe to pioneer a Bitcoin ecosystem company. “I got a congratulations message from Michael Saylor. We thought we’re going to be number two. Now, we’re probably going to be number eight or something,” he said on 19 June 2025, talking during the Nordic Blockchain Association. “But we have our strategy,” he added, “and we’re going to be firm about it. We differ from most of the others by protecting our downside risk.” “We are kind of a Bitcoin ecosystem company. We will develop product and services alongside a Bitcoin strategy- that is pretty much different from most of the other companies,” he said. “The race has just started in the Nordics. I thought Ace Digital should be the first one in Europe, then our French friends started in November. I raised some money. I got a broker, I got some lawyers and we’re going to list Ace Digital.” “Ace digital is not a new company. We’ve been in the space trading Bitcoin and looking for strategy, derivatives,” he added. https://twitter.com/saylor/status/1928901765849571770 Explore: “One BTC is still one BTC, but all the other assets are deprecating against Bitcoin,” Says Arab Bank Switzerland’s Head of Digital Assets “I’m very Bitcoin religious,” Says Christoffer De Geer, CEO of Sweden’s Bitcoin Treasury Capital Christoffer De Geer, CEO of Sweden’s Bitcoin Treasury Capital, weighed in. “Everybody should have Bitcoin and I don’t have to convert anyone. And one should have it in cold storage. And that’s the way you should have your Bitcoin.” “I am definitely a Bitcoiner. But Bitcoin maximalist is the wrong term. We’re minimalists generally. We just want Bitcoin. And everything else is irrelevant. So I would say we’re Bitcoin minimalist.” Talking passionately about holding BTC, De Geer said, “The way you should hold Bitcoin – let’s say you have an alternative now to invest in Bitcoin and you look at your options. The first thing you should do is go buy a hardware wallet. And you buy real Bitcoins. And then you set a pin and you kind of forget it. And that’s a good start. That’s how you start with Bitcoin and I would highly recommend that. That’s how everybody should start with Bitcoin. You lose a bit and then you get serious about this.” “Your Bitcoins are gone. And that’s perfect. That’s how you learn. This is not some bank’s money. This is real money. This is not fiat something. This is actual value. It’s super important. And you need to learn about it. You need to understand it and I always get goosebumps talking about Bitcoin. I’m very Bitcoin religious,” he added. “There’s nothing more important. So therefore, learn about it, use it for real and have a cold storage setup. And then maybe you can start contemplating. Do you want to generate some yield on your Bitcoins? Yes, you can buy an alternative like a company or an ETP or something.” DISCOVER: 20+ Next Crypto to Explode in 2025 Bitcoin Treasury Capital Is Ready To Get Listed “We are listing and we’ll start trading on 27 June 2025,” he revealed. “We have raised well above 100 million kroner. As we’re listed, we’re going to continue to raise as much Bitcoin as we can and as fast as we can.” Explaining ‘Pure Play’ De Geer said, “We have 100 Bitcoins but the value value of the company is 200 Bitcoins for example. What you do then is that you issue shares and the previous shareholders get technically diluted, but measured in Bitcoin, which is how you should measure everything. You don’t get diluted. You get more Bitcoin per share. And that’s the important part. The same goes from the other direction. Let’s say we have 100 Bitcoins but we’re valued at 50 Bitcoins. Then we can in theory, borrow funds and buy the share. And then we’ve generated more Bitcoin per share for the shareholder. So, there’s no operating revenue to buy Bitcoins. Instead, what we are doing is just pure play.” Explore: 99Bitcoins Exclusive: BitGO Europe Head Brett Reeves Says “Don’t Use One Provider, Use Multiple” Ace Digital Is Going Into Bitcoin Mining “A company is not an ETF,” said Ace Digital CEO. “A company is not a regulated fund. A company is an operating company and can do lots of things a regulated fund cannot do. Like we’re going to be operating in the capital market. We’re going to do structured debt. We’re going to do equity raising. We’re going to do derivatives. We’re going to do products. We can move our headquarter from country to country. We can adapt more quickly than a phone. So if you have good management, then you get rewarded by a price higher than the underlying value.” Hagen added, “We are going into mining, not to make revenue money, just to understand more about Bitcoin and what’s happening with the Bitcoins afterwards. We are going to start subsidiaries with regulated funds with different types of risk in Bitcoin – lower volatility, higher volatility. It’s going to be for institutional clients. We hope to make money out of that.” Explore: Top Solana Meme Coins to Buy in March 2025 The post “Got a congratulations message from Michael Saylor, thought we’ll be number two,” Reveals Ace Digital CEO appeared first on 99Bitcoins.

This may not always feel like a bull market, with geopolitical tensions boiling over in Iran and Ukraine. Bitcoin has traded largely sideways since its ATH over a month ago, and most of the top 10 cryptos by market cap have experienced declines over the same timeframe: $XRP: –4.5% $ETH: –3.5% $BNB: –3.3% $SOL: –16% $TRX: –0.4% $DOGE: –25% $ADA: –21% But while most blue-chip cryptos have slid to the netherworld, the companies behind some of them have taken off. Circle Takes Off, Coinbase Profits Over Past Month Take Circle (Circle Internet Group, $CRCL): the company behind the stablecoin $USDC is having a decent month after its IPO. $CRCL stock has risen a cool 750% in the past thirty days. That gives Circle a market cap of almost $64B, larger than the market cap of its top-10 stablecoin $USDC – market cap, $61B. Circle stock closed the last session at $263.45. Circle isn’t the only crypto company seeing major gains. Coinbase didn’t have an IPO, but it did post a solid 16% gain over the past month, closing at $307.59. Both companies, major players in the crypto economy, are prime examples of how crypto continues to attract TradFi investors despite temporary market decline. GENIUS Bill Fuels Circle Frenzy, Sets Stage for New Crypto Success IPO aside, the passing of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act may have set the stage for Circle’s success. The bill cleared the US Senate and is now bound for the House. Should it pass there, the largest economy in the world would have a clear regulatory framework for stablecoins. The bill did more than set up stablecoins; it provided a clear indication that sensible and workable regulation is coming, one way or another. That gives much-needed stability, setting up new crypto projects to launch in a favorable environment. Here are three such projects poised to achieve their own double, triple, or even 10x in the months to come. 1. Bitcoin Hyper ($HYPER) – Fastest Layer in Bitcoin History Ready to Take Off $2T market cap, $105K token price – Bitcoin has everything, right? Not quite. Bitcoin Hyper ($HYPER) is here to give Bitcoin the one thing it lacks – a fully functional, SVM-powered Layer 2. The Bitcoin Relay Program allows users to send and receive $BTC nearly instantly. By monitoring a designated address as a Canonical Bridge, Bitcoin Hyper unlocks the full power of everything from zero-knowledge (ZK) proofs to staking and DeFi with the world’s largest crypto. Staking $HYPER doesn’t have to wait until the Layer 2 is fully launched, though; presale investors can stake now, earning 493% APY during the presale. $HYPER currently costs $0.012, but our price prediction shows the token could reach $0.08625 by the end of next year for 619% gains. Bitcoin Hyper has already raised $1.5M in a matter of weeks and looks set to ride the bullish momentum to new heights. You can learn how to buy Bitcoin Hyper here. 2. Snorter Token ($SNORT) – Find and Trade the Best Solana Meme Coins on Telegram Meme coins are funny things. Sometimes they become big $DOGEs, mentioned glowingly by Elon Musk, and are part of common parlance. More commonly, they spend their entire life cycle out of the limelight, trading underground on platforms like Telegram. Average traders may never even hear about them, and by the time they do, the best trading opportunities are long gone. No more! With Snorter Token ($SNORT) and the Snorter Bot, Solana’s best-kept secret meme coins are brought to light, and fantastic trading opportunities uncovered. Snorter Bot offers: Fast, safe swaps Automated sniping tools Limit orders Honeypot detection Rugpull protection Copy trading What is Snorter? It’s the bot that gives any trader the tools they need to successfully trade low-cap Solana meme coins – and find those 100x opportunities before anyone else. $SNORT currently costs $0.0961 with $1.2M raised in the presale so far. 3. Memereum ($MEME) – DeFi, Memes, Insurance Combined $MEME tokens power an innovative DeFi platform that leverages comprehensive asset protection for your crypto investments. It’s a unique approach, but gives both seasoned investors and crypto newbies a way to protect their investments. Despite the addition of insurance options, Memereum provides all the benefits of an advanced DeFi platform, including a DEX and crypto card. The presale is in its final stages, and has raised $2M so far. Money Flows In, Token Prices Go Up? As Circle and Coinbase see bright days ahead, will corporate earnings lead to token price increases? Bitcoin Hyper and Snorter Token offer key features in the growing crypto economy; as regulation improves, look for both new cryptos to explode. Do your own research before investing – this is not financial advice.

Selling flows in the US Dollar have came back promptly after the Iranian repost on the US Base of Al-Udeid in Qatar – What was previously thought to have the potential to be a new phase of a prolonged conflict materialized into a cease-fire. A build-up of angst through last week trading sent markets gapping strongly at the weekly open, but all of these moves largely reversed. The story is largely similar to August 2024 preceding tensions between Israel and Iran that led to similar reversals. The Dollar index is now back into the 98 handle and back into its 2025 descending channel. Equity markets just now turned from fear to greed and it seems that players have already turned the page on the conflict. All eyes now turn to the upcoming FED Chair Powell's testimony at the US Senate, coming up at 10:00 A.M. ET. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Ethereum just pulled a surprise upward move after dipping below key support and its rising trendline. The sudden rebound caught bears off guard, fueling speculation about whether this was a mere fakeout or the start of a fresh rally. Fakeout Fools The Bears: Ethereum Reclaims Critical Support In a recent post on X, UniChartz drew attention to a classic fakeout move by ETH, where the price momentarily dipped below a significant support level and an ascending trendline, only to reclaim both shortly after. This sudden reversal disrupted bearish expectations, especially for those anticipating a deeper drop. Instead of confirming a breakdown, ETH snapped back above the key zone with notable strength, shaking up short-term sentiment. According to UniChartz, this kind of false breakdown often traps bearish traders and can act as fuel for an upward move if momentum builds. The reclaim of the support zone is a strong technical signal, indicating that bulls are still in control for now. It not only invalidated the bearish thesis but also injected fresh optimism into the market, hinting at the possibility of a short-term rally. Still, UniChartz cautioned that follow-through is critical. If ETH can hold above this reclaimed area and form higher lows, it could set the stage for continued upside. However, any weakness or failure to maintain the level could lead to another shakeout. From Breakdown To Breakout? Key Levels In Focus After reclaiming the previously lost support level, Ethereum is showing signs of strength, but whether it can sustain this momentum remains the key question. The bounce has surprised many, especially after what looked like a clean break below a rising trendline and horizontal support. The current price action suggests bulls are regaining control, but the road ahead is lined with several resistance hurdles that could stall or reverse the advance. The first level to watch lies around the $2,858 level, where Ethereum previously struggled to maintain traction. This area marks a confluence of short-term resistance from prior price rejections. A decisive close above this could open the door for a push toward $3,360, a level that has historically acted as a pivot zone and may attract both profit-taking and fresh short positions. Beyond that, the $3,659 level stands as a key psychological and technical barrier. This region is where bears have previously reasserted control, and reclaiming it would be a statement of intent from the bulls. Only a sustained break above this zone, ideally on strong volume, would signal a shift back toward a more dominant uptrend, potentially eyeing $4,100 and beyond. For now, the reclaimed support offers a solid base, but Ethereum’s upward journey depends on the bulls defending it convincingly and clearing these major resistance zones with strength and consistency.

The Australian dollar is up sharply on Tuesday. In the North American session, AUD/USD is trading at 0.6504, up 0.70% on the day. Australian dollar jumps as risk appetite improves Investors' risk appetite is higher today after Israel and Iran agreed to a ceasefire in their 12-day war. The markets have reacted favorably to lower oil prices as fears that Iran would close the Straits of Hormuz, which would have disrupted global oil supplies, have diminished. Risk appetite has returned and risk currencies like the Australian dollar have posted strong gains today. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Hong Kong’s Financial Secretary, Paul Chan Mo-po, has stated that the stablecoin ordinance will come into effect from 1 August 2025, according to a China Daily report published on 23 June 2025. This will make Hong Kong the world’s first regulated regime for stablecoins. The implementation of the ordinance will follow its passage on 21 May 2025 by Hong Kong’s Legislative Council. It mandates entities or individuals issuing a fiat-referenced stablecoin (FRS) or Hong Kong Dollar-pegged tokens within the administration to obtain licenses from the Hong Kong Monetary Authority (HKMA). Only licensed institutions can offer FRS, enabling retail investors to access stablecoins. The legislation states that these rules aim to protect the public and the investors. Additionally, to minimise fraudulent behaviour, the ordinance only allows ads for licensed FRS issuers. Mo-po has emphasised Hong Kong’s role as a testing ground for China’s financial innovation and a launch pad for a Yuan-pegged stablecoin to be used for cross-border transactions. Furthermore, it puts China’s central bank in a position to use Hong Kong as a testing ground for alternative payment methods to internationalise the Yuan. The use case for Hong Kong as a sandbox is supported by the city’s offshore Yuan liquidity pool, estimated at around 1 trillion Yuan ($139 billion). The licensing requirements put forth by the HKMA focus on several key aspects such as reserve asset management, proper separation of client assets and resilient stabilisation mechanisms. Also, provisions in the ordinance indicate that issuers must guarantee that stablecoin holders can redeem their tokens at par value under fair and reasonable conditions. Explore: Top Solana Meme Coins to Buy in March 2025 Companies Rush in To Become Qualified Issuers Mo-po stated that several businesses have already applied to the HKMA to become qualified issuers and that licenses will begin to roll out in the coming months. Reportedly, companies that have applied for the HKMA license this month include logistics company Reitar Logtec and the overseas arm of the Chinese mainland fintech titan Ant Group. JD.com, the e-commerce giant, too, is testing out the HKD pegged tokens through its fintech arm JD Coinlink. Several other fintech companies have been experimenting with the stablecoin issuer sandbox since July 2024. Across continents, several tech giants in the US are adopting similar tactics to optimise cross-border payment infrastructure. Companies like Apple, X, Airbnb and Google are in early-stage discussions with various crypto firms to integrate stablecoins. T Their decision to integrate stablecoin follows a bipartisan push by the Trump administration and US lawmakers who passed the GENIUS Act and the Clarity Act. Explore: The 12+ Hottest Crypto Presales to Buy Right Now Internationalising the Yuan Faces Headwinds According to an article published by the South China Morning Post, Yuan’s share of global reserves fell from 2.8% in 2022 to 2.2% in 2024. This came about despite Beijing’s rapid deployment of cross-border payment infrastructure. The article chalks this up to concerns regarding China’s debt issues, deflation and demographic pressures that have dampened capital flows and outweighed gains in trade settlements. “The rise of stablecoins does not signify the creation of a new ‘supra-sovereign’ international monetary system,” the analysts stated. “Instead, they are just extensions of fiat money under existing regulations to facilitate cross-border transactions.” Additionally, the analysts have also suggested restoring confidence in the Chinese Yuan by undertaking structural reforms. This includes revamping social welfare, restructuring debt, reforming taxes and creating a more growth-friendly environment, therefore internationalising the Yuan. Concerns regarding financial stability led China to ban crypto transactions in 2021. In recent times, however, the country has warmed up to exploring alternative uses for this asset class. Pan Gongsheng, the Governor of the People’s Bank of China during the Lujiazui Forum, confirmed that technology such as blockchain and distributed ledgers helped advance central bank digital currencies (CBDC) and stablecoins, therefore transforming payment systems and speeding up cross-border transactions. Explore: 20+ Next Crypto to Explode in 2025 Key Takeaways Hong Kong Stablecoin Ordinance to come into effect starting August Stablecoin issuers must get licensed from the HKMA China hopes to use Hong Kong as a sandbox for alternative payment methods to internationalise the Yuan The post Hong Kong’s Financial Secretary Confirms Stablecoin Licenses to Roll Out Starting August appeared first on 99Bitcoins.

Bitcoin (BTC) has been facing significant volatility and downward pressure lately. However, analysts warn that the downtrend may not be over yet, as projections point to a deeper price crash toward $94,000 soon. According to Bitcoin’s Elliott Wave count, the cryptocurrency is currently in a vulnerable phase that may trigger more losses, despite the market’s efforts to rebound. Still, the analyst notes that the next move after this projected crash could see Bitcoin potentially reversing upward to new levels. Bitcoin Faces Epic Crash As Wave 2 Unfolds Luca, a crypto analyst on X (formerly Twitter), has unveiled a foreboding forecast for the Bitcoin price, warning that the flagship cryptocurrency could still be headed for more pain in the short term. The analyst has outlined an Elliott Wave count for Bitcoin that suggests that the cryptocurrency has not bottomed yet. According to the 8-hour chart breakdown, Bitcoin is in the midst of completing a Wave 2 correction within a broader bullish trend. The chart shows a five-wave corrective structure unfolding, with the final leg potentially leading to a price crash toward the $94,000 support region. This level aligns with both the 0.382 Fibonacci Retracement and a key support zone. While Luca reveals that some signs indicate that the correction might have bottomed already, the analyst maintains that one final push lower remains possible before Bitcoin’s next bullish move. The projected dip toward $94,000 is framed as the concluding move of the internal Wave (v) of Wave 2, creating what could be a textbook completion of a corrective cycle. With the Bitcoin price currently sitting above the $100,000 psychological level at $105,574, a decline to $94,000 would represent a massive blow to its slowly recovering value. Despite the possibility of an upcoming bullish move, this 11.3% decline from current prices could significantly slow down BTC’s momentum, putting more strain on the already volatile market. Nevertheless, Luca suggests that this decline could present a prime accumulation opportunity, indicating that now may be a favorable time to buy Bitcoin. Game-Changing Reversal With Wave 3 Push Despite the potential for a further pullback, Luca’s broader outlook for Bitcoin remains highly bullish. The Elliott Wave count on the chart signals that BTC is preparing to exit Wave 2 and initiate Wave 3—one of the most powerful phases in the five-wave structure. Once the projected correction to the $94,000 level concludes, Luca expects a strong reversal that could catapult the cryptocurrency to new ATHs. A large purple upward arrow on the chart visualizes the anticipated Wave 3 surge, pointing toward a possible target zone above $122,000. This projection is rooted in the technical and historical tendency for Wave 3 to be the steepest and most aggressive wave in the Elliott Wave cycle. With Bitcoin still hovering near a high-confluence support zone, the stage appears set for a decisive rebound in the coming weeks, provided macro conditions don’t shift dramatically.

Crypto market is bouncing, shaking off some geopolitical jitters. After a ceasefire announcement muted down fears of WW3, crypto assets prices do recovers. Big alts like FET, TAO, and ONDO are climbing, each posting double digit gains. The market kicked off with a big sigh of relief today when President Trump shared ceasefire news. Bitcoin jumped 5%, blasting past $105K after a dip below $100K. Altcoins followed suit, riding the renewed confidence. Global tensions ease do recovers crypto. BitcoinPriceMarket CapBTC$2.09T24h7d30d1yAll time DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Bitcoin Driving The Jet Crypto showcased its impressive resilience during the recent WW3 scare, a classic black swan event that could’ve rattled any market. While traditional systems might’ve buckled under the pressure of geopolitical chaos, crypto held its ground, with BTC hovering confidently around 100K. Bitcoin, the market sentiment driver, is bouncing back from a fear-driven drop to soar past $105,000. The 5% jump after the ceasefire news pumps altcoins like FET, TAO, and ONDO. The king of crypto is showing how quickly the fear and greed index can flip. Crypto Fear and Greed Index Last updated: Jun 24, 2025 47 Neutral Extreme Fear Fear Neutral Greed Extreme Greed Market Sentiment Now 47 Neutral Yesterday 37 Fear Last week 40 Neutral The ceasefire slashed geopolitical tension, forcing a sentiment shift. Crypto is one of the quickest to react and recovers. The positive shift brought a rally, a fast one. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy This Year Crypto Recovers, FET, TAO, and ONDO Lead Altcoins Spike This rebound shows how strong crypto is. FET, TAO, and ONDO prove that the market can snap back fast. Crypto is proving it can handle a storm and still come out on top. FET leading the gain with a 17% spike, landing at $0.69 before correcting to $0.67. This surge shows how fast crypto can rebound when news turns positive. The leading AI coin is still with its momentum, and will likely keep pushing if the war parties respect the ceasefire decision. (FETUSD) TAO is bumping too, climbing 15% to hit $355. Bittensor is displaying how sensitive yet sturdy these tokens are to world events. The ceasefire gave TAO a faster pace against the market. ONDO, on the other hand, notched a 15% rise, reaching $0.77. As the leading coin for RWA, ONDO chart perfectly fits the recovery pattern. With a big ‘amen’ from the world’s situation, we could see ONDO run to above $2, following the chart pattern. (ONDOUSD) Assets like ONDO, FET, and Tao are a clear sign that crypto has evolved into a maturing asset class capable of weathering storms that once might have sent it reeling. Far from being a fragile experiment, crypto is showing its strength. DISCOVER: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways After a ceasefire announcement muted down fears of WW3, crypto assets prices do recovers. This rebound shows how strong crypto is. FET, TAO, and ONDO prove that the market can snap back fast. The post Crypto Market Recovers From Iran FUD: FET Crypto, TAO Price and ONDO Coin Pump +15% appeared first on 99Bitcoins.

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