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Despite rising global tensions and a joint U.S.-Israeli attack on Iran’s nuclear facilities, which appears to have fallen short, Bitcoin’s price is holding strong. After briefly dipping to $98,000 over the weekend amid fears of all-out war, BTC has bounced back and is now trading at $107,000. Even violations of the ceasefire by Israel and Iran haven’t shaken its price action. Between conflicting reports about the success of the strikes and a fragile ceasefire in place, the natural question is: what’s next for BTC? DISCOVER: 20+ Next Crypto to Explode in 2025 US Strikes on Iran: “Limited Success,” Intelligence Says On Saturday, U.S. stealth bombers targeted three major Iranian nuclear sites – Fordo, Natanz, and Isfahan – with bunker-busting munitions. The U.S. used $3.5–$15 million bunker-buster bombs, dropped by $2.1 billion B-2 bombers, to hit Iran’s nuclear sites. The operation likely cost over $100 million but only damaged surface structures, with Iran’s underground facilities largely intact, delivering limited strategic success despite the high expense. Early assessments from the Defense Intelligence Agency suggest that Iran’s nuclear program was only temporarily set back, not dismantled. Centrifuges reportedly remain intact, and much of the enriched uranium stockpile had been moved before the bombings. (Fordow Fuel Enrichment Plant After US Bunker-Buster Strike) The Pentagon’s view contrasts sharply with political claims from the Trump administration, which declared the operation a “complete success.” Israeli Prime Minister Benjamin Netanyahu echoed that sentiment, saying Iran’s nuclear ambitions and missile capabilities have been “neutralized.” Yet, U.S. intelligence sources caution that Iran may resume its nuclear program in a matter of months. A ceasefire, brokered by President Trump and Qatari officials, is now holding but remains fragile. Despite this, the crypto market seems to be holding well, with BTC up over 9% since the $98,000 dip. What Is Next For BTC? Bitcoin Absorbs the Shock and Reclaims $107,000 Amid Israel Ceasefire Violations Currently, Bitcoin’s resilience reflects growing investor belief in its role as a macro hedge. The $98,000 bounceback signals that BTC is already pricing in geopolitical volatility. But uncertainty still looms. A renewed Iranian response or breakdown of the ceasefire could shake markets again. (BTCUSDT) This move comes after BTC briefly dipped below the $100,000 psychological mark but found firm support at the $99,133 horizontal zone, which aligns with a key consolidation area from March 2025. Technically, BTC is retesting a previous resistance zone around $106,000–$108,000. A clear breakout above $108,000 could pave the way for a retest of the all-time high near $112,000. However, failure to sustain above $106,000 might signal continued consolidation within the $99,000–$108,000 range. Looking back, the $72,000–$76,000 region remains a historically significant support zone, marked by heavy accumulation during mid-2024. If macro tensions intensify or leverage continues to unwind, a retest of the $90,000 area remains plausible, but current price action suggests buyers are stepping in early. Miners are another piece of the puzzle. With network rewards falling and operational costs high, mining profitability is under pressure. However, current data shows that most miners have already sold large parts of their BTC reserves, limiting the risk of a significant sell-off. According to CryptoQuant, miner selling power remains near historic lows. Unless miner reserves increase or external financing dries up, the likelihood of miner-led downward pressure is minimal in the short term. In short, BTC appears resilient despite geopolitical pressure. A sustained daily close above $108,000 would likely confirm bullish continuation. EXPLORE: NPC Meme Coin Shoots Higher As VIRTUAL Price Cools Off From Rebound Key Takeaways Limited U.S.-Israeli strike success. Costly attacks on Iran’s nuclear sites delivered minimal long-term damage; key infrastructure remains operational. BTC rebounded from $98,000 to $107,000, showing strength even amid war fears and Israel ceasefire violations. The ceasefire remains fragile. Brokered by Trump and Qatar, the truce is at risk with ongoing regional tensions and retaliatory threats. What is next for BTC? Bitcoin eyes breakout above $108,000; sustained move could retest $112,000 ATH, with key support at $99,000. The post Israel Ceasefire Violations, US Strike Limited Success: What Does This Mean For BTC USD? appeared first on 99Bitcoins.

West Red Lake Gold Mines Ltd. (TSXV: WRLG) has resumed operations at its Madsen Mine in Red Lake, Ontario, following a brief pause triggered by a fatal incident. Operations were suspended on June 16 after an underground employee was fatally injured. The mill resumed operations approximately 40 hours later, with mining restarting 12 hours after that. Ramp-up to full capacity is ongoing, dependent on workforce availability and compliance with safety protocols. Shares rose 3.8% in Toronto following the news, giving the company a C$278 million ($203 million) market capitalization. The mill has been averaging 650 tonnes per day with 95% gold recovery and has been tested at higher levels several times without issue, West Red Lake reported. Between June 12 and 15, the average milled grade rose to 6.5 g/t from about 3 g/t earlier in the month. Since ramp-up began on May 11, operations have sourced ore primarily from the South Austin and McVeigh zones, with additional production planned from Austin stopes later this year. Ramp-up has involved processing stockpiled sill material initially yielding ~3 g/t gold, with fresh stope material now boosting head grades to around 6.5 g/t during June 12–15. West Red Lake has sold 5,250 ounces of gold year-to-date at an average price of $3,330/oz, with another gold pour expected on June 25. Underground drilling remains active, with 38,393 m completed in 2025 so far, including 19,904 m during the second quarter. Efforts have focused on high-grade targets within the South Austin zone. The Madsen Mine is part of West Red Lake’s 47 km² land package in Ontario’s Red Lake district, a region that has yielded over 30 million ounces of gold. The company also owns the Rowan Property, which hosts three historic gold mines.

Chainlink crypto spiked +10% overnight following the announcement of a partnership with Mastercard that will enable over 3 billion cardholders to purchase crypto directly on-chain. On Tuesday, the official Chainlink X account announced a partnership with TradFi behemoth Mastercard to securely enable cardholders worldwide to easily purchase crypto assets directly on-chain via a secure fiat-to-crypto conversion. Chainlink Crypto Only Pumped 10% On News Of A Game-Changing Mastercard Collaboration – Is A Bigger Move Coming? The announcement caused a +10% spike in the price of Chainlink crypto, boosting investors’ confidence in LINK, which rose nearly 5% that day. The partnership allows 3 billion cardholders to access the Chainlink platform. The partnership’s primary objective is to bridge the gap between TradFi and DeFi, enabling secure and near-instant fiat-to-crypto conversions for Mastercard cardholders. Chainlink and Mastercard will power the new Swapper Finance platform. ZeroHashX will provide the on-chain service and access to liquidity needed to convert fiat into crypto with seamless smart contract execution, alongside Shift4 and Chainlink’s X-Swap. Liquidity for the platform will be sourced from leading on-chain AMM and DEX Uniswap. EXPLORE: 10 Best AI Crypto Coins to Invest in 2025 Before this announcement, on June 23, Mastercard announced that it will join the Paxos Global Dollar Network to expand stablecoin integration and adoption, enabling USDG, USDC, PYUSD, and FIUSD across its network, and launch new capabilities through Mastercard Move and the Mastercard Multi-Token Network. This slew of stablecoin-related announcements follows the approval of the GENIUS Act in the United States. Also known as the stablecoin bill, it was passed by the US Senate last week. If approved there, the bill is now headed to the House of Representatives and will be put before President Trump for final approval. Chainlink CEO, Sergey Nazarov, had this to say on the collaboration with Mastercard; “Mastercard, live for real value. Access tokens for your on-chain wallet, directly with a mastercard purchase. Liquidity to buy a tokenized asset from a stablecoin or liquidity to buy a tokenized asset from an existing payments system, is still just liquidity/purchasing power and demand for that tokenized asset. The RWA/Web3 community and digital asset/banking community all want that liquidity to easily access their tokenized assets. The challenge is getting all the liquidity of both on-chain and off-chain purchasers into one globally unified liquidity layer that can allow all of that purchasing power to access smart contracts easily. Chainlink is on track to get all the world’s stablecoin liquidity and all the world’s TradFi liquidity connected into smart contracts through a highly reliable, provably secure and easy to integrate ,on-chain global standard.” https://twitter.com/chainlink/status/1937663782211269067 Chainlink Price Forecast: LINK on the Verge of a Breakout Although the Chainlink crypto price did not react quite as one would imagine following such a colossal announcement, it spiked nearly 20%, from $11.20 to its current price of $13.30. Its current level sees LINK hovering below the 50-day EMA and the descending trendline. If LINK continues its upward trend after a game-changing announcement, it could break the 50-day EMA at $14 and close above the descending trendline. If it completes this move, it could extend the rally toward its next resistance level at around $16.2. The Relative Strength Index (RSI) on the daily chart shows LINK 50, which is neutral. For the bullish momentum to be sustained, the RSI should continue to move above its neutral level. (SOURCE) On the other hand, LINK has strong support between the $12.8-$12.9 range, and any dip should see a bounce from this level. Everything is lining up on a TA (technical analysis) and FA (fundamental analysis) perspective to enable Chainlink crypto to make a parabolic move in the near future. LINK is still 74% away from its all-time high of $52, which it hit in May 2021. With the sheer amount of real-world adoption and revenue generation via its multitude of protocols, it is feasible that Chainlink crypto revisits those highs during this current cycle as it guns for that coveted $100 target. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Chainlink Crypto Surges Nearly 20% Following Mastercard Partnership Announcement: LINK To Explode Soon? appeared first on 99Bitcoins.

In a sign of crypto’s accelerating maturation, two major developments reinforce how institutional adoption and investor confidence are surging in tandem. BitGo, one of the largest crypto custodians, has seen its assets under custody balloon to $100B in 2025. Polymarket – a decentralized prediction market – is set to raise $200M at a $1B valuation, riding the wave of surging interest in crypto-native applications. The stories showcase how demand for both regulated, institutional-grade services and platforms is growing rapidly. Safety Plus Speculation BitGo’s rise underscores the growing institutional hunger for secure, compliant infrastructure. The California-based firm now holds $100B in digital assets, a 66% increase from $60B at the start of the year. Much of that growth comes from increased demand for staking services (which now account for half of its holdings) and from a rising tide of institutional adoption. BitGo also expanded into South Korea in 2024 and Dubai in 2025, further building on an already powerful foundation in its aim to become more competitive in the industry. In contrast, Polymarket’s trajectory highlights the viral growth of speculative, user-driven DeFi applications. The platform, known for letting users bet on everything from elections to sports outcomes, surged in popularity during the 2024 U.S. presidential cycle, processing over $3.3B in bets. Now, Peter Thiel’s Founders Fund is reportedly leading a $200M funding round, positioning Polymarket to become a unicorn asset And this immediately after Polymarket announced a partnership with X. The timing is perfect: there’s a strong appetite for decentralized markets offering high-risk, high-reward plays. Confidence on Two Fronts These contrasting success stories reveal a broader truth: crypto is no longer a monolith. Institutional players are flocking to battle-tested custodians like BitGo, who offer the compliance and security infrastructure needed to satisfy regulators (so far, at least: BitGo remains banned in the US). Meanwhile, crypto-native projects like Polymarket are pulling a different kind of capital – Venture Capitals betting on engaging decentralized apps that leverage core blockchain values of trustless systems and open markets. Both Bitgo and Polymarket demonstrate the growing confidence in the crypto economy, and the potential lying in wait. Confidence from institutions, who now see crypto as a serious asset class, and from venture backers, who see new economic behaviors forming around blockchain-native markets. BitGo’s next chapter could include a public listing by late 2025. And Polymarket is reportedly exploring a token launch – a move that could further incentivize users and decentralize governance. Interested in tapping into that same retail interest? Here are three of the best crypto to buy now. 1. Snorter Token ($SNORT) – Find and Snipe Best Solana Meme Coins Want to know a meme coin trading secret? Some of the best Solana meme coins never make it to major platforms. They trade ‘underground,’ on platforms like Telegram. Trading them isn’t just about getting the right insider info; it’s about finding them and executing razor-sharp, perfectly timed trades. That’s precisely where Snorter Token ($SNORT) comes in. It’s the newest and best Solana meme crypto trading bot. Snorter provides a suite of advanced algorithmic trading tools, including automated sniping and fast swaps with built-in front-running protection. Snorter isn’t just about being fast – it emphasizes staying safe as well, with honeypot detection and rugpull protection. The $SNORT token powers the ecosystem, and with plans to expand to EVM chains and launch a dedicated user dashboard, Snorter could rapidly become the go-to meme coin trading bot. Visit the Snorter Token presale page today. 2. Best Wallet Token ($BEST) – The Web3 Wallet for a New Crypto Economy Polymarket expansion, BitGo staking – it’s all part of an increasingly integrated Web3 world. Best Wallet Token ($BEST) is your best tool for navigating that world, based on core Web3 principles: Decentralized – you control your own crypto keys Secure – with MPC and advanced biometrics, you can trade and swap safely The wallet offers an exclusive ‘Upcoming Tokens’ section with information and in-wallet purchases for the best crypto presales, giving you access to tomorrow’s 100x tokens today. The $BEST token piles on more benefits, including reduced transaction fees and better staking rewards. The Best Wallet app forms the linchpin of the growing Best Wallet ecosystem, which also includes free airdrops and the upcoming Best Card. Learn how to buy Best Wallet token with our guide. Visit the Best Wallet Token website. 3. Tron ($TRX) – Altcoin Chain with 125% Gains Over Past Year Even with a $25B market cap, Tron ($TRX) somehow often gets overlooked. That’s a bit unfair to the ecosystem itself, but presents a golden opportunity for savvy investors. In fact, over the past year $TRX has posted 123% gains. Those gains are fueled not only by $TRX, but by broader activity on the Tron network, including $USDT. The world’s leading stablecoin ($156B market cap) is heavily traded on Tron. The demand led to a recent minting of another $2B on the network. With stablecoins increasingly in the public eye – see the recent GENIUS Act – that demand is likely to only increase. BitGo and Polymarket Demonstrate Bullish Market Corporate success with BitGo and Polymarket shows just how broad the interest in crypto actually is – from retail investors to venture capitalists. And it makes these tokens some of the best crypto to buy right now. As always, do your own research – this isn’t financial advice.

XRP climbed more than 7% in a single day, jumping from about $1.92 over the weekend to $2.20 today. Traders say Bitcoin’s move back above $106K gave altcoins a breather after a rough patch. That lift sent XRP bulls into a frenzy and set off fresh chatter about how high the coin could go. XRP Whales Loading Up Under $2 According to Crypto Bitlord, big players made their move when XRP dipped below $2. He called those dips a “gift” for anyone who believes in a $7 target. That kind of confident talk can spark FOMO fast. When whales buy millions of dollars’ worth of XRP, smaller investors want in, too. Bullish Targets In Sight Based on reports from social channels, Crypto Bitlord reckons XRP’s next stop is $7—and he doesn’t expect the price to fall below $2 again. In his words, “Not in this lifetime.” To reach $7 from today’s level, XRP needs to climb about 210%. That jump would lift its market cap above $410 billion and push its fully diluted cap near $700 billion. ETF And Institutional Buzz A growing number of spot XRP ETF applications has fed more optimism. Bitcoin analyst George Tung put an $8 price tag on XRP for year-end, calling that a safe estimate. Crypto analyst Bearable Bull agreed on $8, saying it’d mark the start of a new chapter. Some even think $10 is too low. All this buzz is a sign that institutions are eyeing XRP hard. Legal Clarity And Market Moves Meanwhile, regulatory decisions will play a big part in whether belief turns into reality. XRP’s long fight with regulators has hung over it for years. If courts give a clear green light, we could see similar jumps in other tokens. If not, bulls may have to wait even longer. Investors shouldn’t count on instant fireworks just because someone yells “$7.” It takes real-world adoption, legal wins, and big-money backing to push prices that high. Markets have surprised us before. This time, though, faith will only go so far without solid proof. Overall, today’s rally shows how much belief drives crypto moves. People buy with their guts as much as their brains. XRP’s next chapters will depend on both confidence and concrete wins. Featured image from Imagen, chart from TradingView

Federal Reserve Chair Jerome Powell’s appearance on Capitol Hill Tuesday left risk-asset traders with a single, binary question: does the most interest-sensitive summer in years end with a crypto breakout or a macro-driven crash? In a prepared statement, Powell stressed that “inflation has eased significantly from its highs in mid-2022 but remains somewhat elevated,” adding that the Federal Open Market Committee is “well-positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance.” Crypto’s Fate May Be Sealed In July For crypto markets already oscillating on every nuance of policy guidance, the message was clear: the next four weeks—anchored by the 12 July CPI release and the 19 July payrolls report—will decide whether July’s FOMC delivers relief or a reality check. Powell’s caution sits atop a rare public split inside the Board itself. Governors Michelle Bowman and Christopher Waller, both Trump appointees, have openly argued that tariff-related price spikes are likely to be “one-time shifts” and therefore should not stand in the way of an early cut—potentially as soon as the 30 July meeting. Seven of their colleagues disagree, laying out projections that keep policy unchanged through December. Powell, for his part, told lawmakers: “I don’t think we need to be in any rush, because the economy is still strong.” Markets reacted by flattening the front end of the curve. Two-year Treasury yields fell to 3.806 percent, while the benchmark 10-year dipped to 4.285 percent—both lows not seen since early May—after the testimony and a surprise cease-fire in the Middle East turbo-charged a global “risk-on” bid. Yet expectations for July remain finely balanced: CME FedWatch shows that traders have whittled the probability of a first 25-basis-point cut to roughly 19%. Crypto traded the cross-currents rather than the headline. Bitcoin, which had cratered to $99,000 on Monday, reclaimed $106,000 by Wednesday morning, mirroring the rebound in equities and high-beta currencies as the dollar slumped on falling yields. Ethereum, meanwhile, held above $2,400—even as Powell’s tone was widely described as hawkish. The broader crypto complex moved in sympathy, with BNB punching through $644 and Solana stabilising near $146. Veteran traders on X distilled the stakes. Pseudonymous analyst Byzantine General wrote, “We got a lot of clarity now. All eyes on the July CPI print.” Nic from CoinBureau added that July “is in play—maybe—but nothing’s locked in,” as Powell’s testimony brought no big surprises. Meanwhile, Jim Bianco commented: “Trump appointees Waller and Bowman are suggesting a July cut. Powell is reiterating ‘no.’ Will the July FOMC meeting see at least two dissenters?” For now, Powell’s “watch and wait” stance has bought the FOMC four more weeks of optionality. If July inflation confirms the down-trend, the policy door swings open, and the next rally for crypto could morph into a full-blown melt-up. If it doesn’t, the crash could come just as fast. As Byzantine General put it, the market “got clarity.” What it did not get is comfort. At press time, Bitcoin traded at $106,892.

Japan’s Metaplanet has raised an astonishing $517 million in a single day, earmarked exclusively for the purchase of additional Bitcoin. Known as Japan’s Strategy, Metaplanet announced on 25 June 2025 that it had successfully raised ¥74.9 billion (approx $517 million) in equity capital. This single-day raise stands out as the largest Bitcoin-related capital raising effort by a Japanese company. DISCOVER: Best Meme Coin ICOs to Invest in 2025 Key Takeaways Japan’s Metaplanet has raised an astonishing $517 million in a single day, earmarked exclusively for the purchase of additional Bitcoin. Metaplanet’s bold bet could catalyze a new era of corporate crypto adoption—one where Bitcoin moves from the fringes of speculation to the heart of institutional finance. The post Metaplanet Raises Half a Billion to Fund Another Round of Bitcoin Acquisition appeared first on 99Bitcoins.

Nano Labs, a Nasdaq-listed Chinese blockchain player, just dropped a headline into BNB with a hefty crypto investment plan. This is big, and for good reason. It’s not every day a big firm flexes on a coin that’s not BTC or ETH. Naturally, CZ maxis are eyeing BNB’s price, waiting this news to nudge it up a notch or two. Big institutional bets like this tend to pump a coin, especially with 1 billion. When a big player splashes cash on a coin, demand ticks up, and prices will be priced in. Nano Labs’ stock has already soared over 100% after the announcement, and this alone is a good indicator of what will come for BNB. Money will likely spill over with some price fireworks to follow. Nano’s move to snag a chunk of BNB’s supply will tighten its crypto supply, which will then lead to a price rally. People are calling this “huge” for institutional crypto moves. CZ gave it a thumbs-up, hyping BNB. We predicted a buying spree as the news sinks, especially for short term. In the long term, this Nano’s move could spark more big institutional players to jump in, giving BNB a steady climb. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy This Year Price Impact and What to Expect It looks good for BNB when you zoom in on its crypto price chart. It’s on an uptrend, sitting pretty high at above $640, and doing better than most alts this bull cycle. This past 1 year, it has climbed, outperforming coins like ETH and being one of the big alts that blast past their 2021 ATH. Binance CoinPriceMarket CapBNB$95.51B24h7d30d1yAll time Technically BNB is at above key moving averages, with 10-period SMA on the 1-hour chart and 10-period EMA on the 1-day chart, bullish. The RSI is above 50, supporting this trend with some more room for a pump. Coupled with Nano Labs $1 billion news, BNB will likely climb higher. With Nano Labs’ buying spree ramps up, we might see it test that $687 high again. Nano Labs, with its big BNB bet, is likely to give a short-term price pop, attracting buyers. Technical keys back this up and could push it higher, maybe even past recent peaks. BNB is a coin to watch, even when people move and try to satisfy their gambling addiction to Solana. DISCOVER: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways A Nasdaq-listed Chinese blockchain player just dropped a headline into BNB with $1 billion crypto investment plan. BNB Crypto price dance, a Tango between Nano Labs and Binance. Price impact and what to expect. The post BNB Maxi? Chinese Companies Are Secretly Betting Billions On BNB Crypto appeared first on 99Bitcoins.

Eight South Korean commercial banks have come together to establish a won-backed stablecoin. Their announcement, on 25 June 2025, marks the first time that commercial banks in South Korea have formed a consortium to collectively enter the digital asset business. The banks have entered this collaboration in partnership with the Open Blockchain and Decentralised Identifier Association (OBDIA) and the Korea Financial Telecommunications and Clearings Institute (KFTC). Citi Korea, KB Kookmin, Shinhan, Woori, Nonghyup, Industrial Bank of Korea, Suhyup and Standard Chartered Korea announced their consortium after the South Korean central bank advocated for a phased rollout of a won-backed stablecoin. KB Kookmin filed 17 trademark applications for the won-backed stablecoin with Korea’s Intellectual Property Rights Information Services. The filing also includes ticker symbols such as KBKRW, KRWKB, KBST and KRWST. Furthermore, the trademark also covers product categories related to software for virtual currency applications and managing blockchain-based cryptocurrency transactions. In a recent press conference, Bank of Korea’s Senior Deputy Governor said, “It is desirable to first allow banks, which are under a high level of regulations, to issue (won-based stablecoins) and gradually expand to the non-bank sector with the experience.” Historically, South Korea’s foreign exchange regulations have created significant barriers that prohibited the issuance of tokens representing the won. Binance’s BKRW (Binance KRW), BXB’s KRWb and Terraform Lab’s KRT all either collapsed or wound down due to low traction. Explore: Top 20 Crypto to Buy in June 2025 Two Stablecoin Models Finalised Per the South Korean stablecoin-related legislative initiatives, analysts expect the launch date of the consortium to be either the end of 2025 or early 2026. According to local reports, banks are actively discussing shared infrastructure and have unveiled two initial methods by which they plan to issue the won-backed stablecoin. Method one is a trust-based model where coins are issued against separately held customer funds. Their second method is a deposit-linked model that ties stablecoin issuance directly to bank deposits on a 1:1 basis. “There is a shared sense of crisis that if things continue this way, foreign dollar coins could dominate the domestic market,” a banking official noted. “It is time to secure both the independence and competitiveness of the domestic financial system through a won-based digital currency.” South Korea’s phased rollout of the won-backed stablecoin is in stark contrast to the dollar-pegged stablecoins, which are only now beginning to gain attention from banks. Explore: Best New Cryptocurrencies to Invest in 2025 Won-Backed Stablecoin Has Political Backing Lee Jae-myung, South Korea’s new President, had made his allegiance clear towards the creation of KRW stablecoins ahead of the presidential elections. He had argued that won-backed stablecoins will stem the outflow of wealth to dollar-pegged stablecoins. Following the election, the Democratic Party of Korea introduced the Digital Basic Act on 10 June 2025 to fast-track the establishment of a regulatory framework to govern stablecoins in South Korea. According to a local publication, the South Korean financial sector is biding its time to see if won-backed stablecoins can balance the domestic digital currency ecosystem amidst stiff competition from Central Bank Digital Currencies (CBDC), privately issued coins and dollar-pegged stablecoins. Explore: 9+ Best High-Risk, High-Reward Crypto to Buy in June 2025 Key Takeaways 8 commercial South Korean banks have formed a consortium to back a won-backed stablecoin The initiative will be launched by the end of 2025 or early 2026 A trust based model and a deposit based model have been finaised so far to issue the stablecoin The post South Korean Banks Unite on Won-Backed Stablecoin Initiative appeared first on 99Bitcoins.

Jerome Powell crypto endorsement may trigger a parabolic run. Bitcoin is firm above $105,000, with a possibility of gains above $112,000. The Federal Reserve is focused on inflation and monetary policy. In a volatile week, crypto prices are back in the green. Notably, BTC ▲1.91% broke above $105,000, recovering from sharp losses posted on Sunday, with growing odds of a bull run past $112,000. Explore: Top Solana Meme Coins to Buy in June 2025 Bitcoin Breaks $105,000 With Bitcoin rising, some of the best cryptos to buy are also firm. XRP has shaken off last week’s losses, adding 2%, while LINK ▲0.56% has pushed weekly gains to over 4.2%. However, most top 20 tokens remain in the red over the past seven days, still recovering from Sunday’s sharp decline. BitcoinPriceMarket CapBTC$2.13T24h7d30d1yAll time Confidence is rising, and sentiment is improving. The Fear and Greed Index shows traders and investors moving toward neutral, a shift from the “extreme fear” zone when prices dipped below $100,000. Explore: 20+ Next Crypto to Explode in 2025 Jerome Powell Crypto Endorsement to Pump Prices? This shift follows Federal Reserve Chair Jerome Powell’s June 24 testimony before Congress. Powell effectively “greenlighted” crypto, clarifying that U.S. banks under Federal Reserve oversight can provide services to crypto players, provided the financial system remains safe. These statements, delivered under oath, mark a departure from the central bank’s previous ambiguity and hostility toward crypto, including some of the best cryptos to invest in 2025. It was the first time a Federal Reserve Chair publicly supported regulated bank participation in the multi-trillion-dollar crypto industry. This could trigger a wave of institutional capital inflow, easing access to top digital assets. On June 24, institutions bought over $588 million in spot Bitcoin ETFs and $71 million in spot Ethereum ETFs. (Source) Powell also confirmed progress on stablecoin legislation via the GENIUS Act, signaling momentum for a clear regulatory framework. Thus far, multiple new players are rushing to offer USD stablecoins backed by U.S. Treasuries. Federal Reserve Data-Driven: Focus on Inflation and Monetary Policy Despite the bullish crypto comments, Powell remained focused on macro factors, particularly the Federal Reserve’s mandate to manage inflation. He noted that the economy is solid, but inflation, though declining, remains sticky. Its trajectory depends on the proposed tariffs by Donald Trump. The Federal Reserve is data-driven, closely monitoring economic indicators to determine potential rate cuts. Powell indicated no rush to slash rates, lowering the likelihood of a July cut. The CME FedWatch tool shows a 23% chance of a July rate cut but an 82% probability in September, contingent on inflation nearing the 2% target. DISCOVER: 9 Best Crypto Presales to Invest in June 2025 – Top Token Presales Jerome Powell Crypto Greenlight Pumps Bitcoin Above $105,000 Bitcoin price breaks $105,000 as bulls target $112,000 Jerome Powell crypto endorsement is massive for the industry Institutions pouring into crypto assets via spot ETFs Positive legislation may funnel even more capital into crypto The post Did Jerome Powell Crypto Greenlight Just Set The Stage For Parabolic Run? appeared first on 99Bitcoins.

The Australian dollar is showing limited movement on Wednesday. In the European session, AUD/USD is trading at 0.6495, up 0.08% on the day. Australian CPI falls more than expected Australia's inflation rate headed lower in May. Headline CPI rose 2.1%, after gains of 2.4% in the previous three months. This was below the market estimate of 2.3%. Monthly, CPI eased to 0.4%, driven by lower petrol and housing costs. 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.

Trump Media and Technology Group Corp (TMTG) has officially filed for its second crypto exchange-traded fund (ETF), focusing on Bitcoin (BTC) and Ethereum (ETH), as detailed in a recent filing to the Securities and Exchange Commission (SEC). Trump Media Files For Second Crypto ETF If the SEC approves this new investment product, it will trade on NYSE Arca, the electronic division of the New York Stock Exchange known for handling exchange-traded fund transactions. This latest filing comes just eight days after TMTG submitted a prospectus with the Connecticut Attorney General through its Special Purpose Acquisition Company (SPAC) partner, Yorkville America. Majority-owned by President Donald Trump, Trump Media is intensifying its efforts to promote financial products linked to blockchain technologies. The company aims to provide the public with regulated investment vehicles that offer exposure to the cryptocurrency market. Recently, Trump Media announced its ambition to raise $2.4 billion, with the goal of becoming one of the largest corporate holders of Bitcoin. This move appears to be part of a broader strategy to diversify its business and attract a wider array of investors. By launching multiple crypto-focused ETFs, Trump Media hopes to generate significant interest in its stock, potentially positioning itself as an appealing option for cryptocurrency enthusiasts. However, with several crypto ETFs already available in the market, there are questions about how much investor interest these funds will garner. The success of the ETFs will likely hinge on their fee structures and how competitive they are compared to existing options. Bitcoin To Hit $180,000-$250,000 As of now, Bitcoin is trading at $106,000, recovering 3% from a recent drop to $98,000. This volatility is largely attributed to the ongoing conflict between Israel and Iran, which has intensified over the past 12 days, impacting financial markets significantly. Market analyst known as Mr. Wall Street recently shared his insights on social media platform X (formerly Twitter), reiterating his bullish targets for Bitcoin, which he believes will reach between $180,000 and $250,000 this year despite any external conflict. Interestingly, Mr. Wall Street noted a significant shift in capital flows, with over $20 billion moving from gold to Bitcoin in the last two weeks alone. This trend suggests that institutional investors and hedge funds are increasingly viewing Bitcoin as a more reliable store of value compared to gold, given Bitcoin’s fixed supply. Additionally, Mr. Wall Street pointed out that the over-the-counter (OTC) desks are becoming less liquid, indicating that significant upward movement in Bitcoin’s price could be imminent. A key indicator, the hash ribbon, recently flashed, signaling that Bitcoin often experiences a 10% correction before rallying by 50-125%. Mr. Wall Street believes that the recent dip to $98,000 constituted this correction, and he anticipates a substantial return on investment from current levels. Moving forward, the analyst expects “continued noise” from the geopolitical landscape, but he believes that further escalation is unlikely. The recent market dip created a sense of peak fear, which historically precedes significant price breakouts, Mr. Wall Street said. Featured image from DALL-E, chart from TradingView.com

Telcoin is trending, adding 30% in the past 48 hours. Will TEL crypto break higher? Demand stems from positive regulatory developments in the United States. The GENIUS Act was approved in the Senate and will likely find support in the House. By 2030, Citi projects the global stablecoin market to reach $3.7 trillion, with a conservative estimate of $1.6 trillion if traction is slower than expected. Meanwhile, Ark Invest forecasts stablecoins to hit $1.4 trillion by the same period. On the other hand, U.S. Treasury Secretary Scott Bessent is confident the industry could surge above $2 trillion by 2028. The approval from the state of Nebraska came in April and followed Telcoin’s significant involvement in developing the Nebraska Financial Innovation Act in 2021. This legislation provides a framework for approving digital asset banks in Nebraska. What makes eUSD unique is its ability to bridge traditional financial infrastructure and DeFi, enabling seamless onchain transactions and interoperability. This gives Telcoin a competitive edge and a strong moat. The anticipated approval of the GENIUS Act in the House of Representatives, and later by President Donald Trump, provides tailwinds for TEL. Once the GENIUS Act becomes law, compliant stablecoin issuers will gain a first-mover advantage. For instance, the act mandates that issuers back their tokens with high-quality liquid assets, primarily U.S. Treasuries. It is a model Telcoin has already adopted. Additionally, the GENIUS Act allows state-chartered crypto banks like Telcoin Bank to issue stablecoins under strict state and federal supervision. Already compliant, Telcoin gains legitimacy without the burden of costly full federal chartering. DISCOVER: 7 High-Risk High-Reward Cryptos for 2025 Telcoin TEL Crypto Surges 30% Amid GENIUS Act Hopes Telcoin trending higher, surges 30% in 24 hours TEL might break above key resistance levels Telcoin Bank approved to issue a stablecoin, eUSD GENIUS Act likely to become law in the United States The post Telcoin (TEL) Crypto Surges 30% as Stablecoin Regulation Hopes Boost Prices in the U.S. appeared first on 99Bitcoins.

Copper is experiencing an historic squeeze as traders react to rapidly falling inventories, potential US tariffs, and a pricing crisis at smelters. In a bid to cover short positions on the London Metal Exchange some Chinese smelters are rapidly ramping up exports. At least 30,000 tons of copper from smelters including Jiangxi Copper and Tongling Nonferrous Metals Group are poised to be delivered to LME warehouses in Asia in the coming weeks, anonymous sources told Bloomberg on Wednesday. Chinese copper smelters hedge against LME contracts to ensure that the costs of imported ores match up with realized prices for refined metal. Spot copper traded at a $379 per tonne premium to three-month futures this week, the highest level since a record surge in 2021, pushing the market into one of the steepest backwardations in history. Backwardation occurs when the price on the spot market higher than that of a longer-term contract, an indication of tightening supply. Ready to ship inventories on the LME have declined about 80% this year to less than a day of global usage. The depletion has been fueled by a global race to move copper to the US ahead of potential import levies. Warehouse stocks in China also fell earlier this year but has not stabilized as demand in the world’s top consumer of the bellwether metal softens. Exports at these levels would bring renewed pressure and could potentially tip the Chinese market into backwardation as well. Tariff speculation In February, US President Donald Trump directed the US Commerce Department to investigate the need for copper tariffs, with a report due within 270 days. The announcement triggered a surge in US-bound shipments as traders rushed to preempt any trade barriers. Refined copper imports to the US topped 200,000 tonnes in April, the highest in over a decade. After years of breakneck expansion Chinese copper refining suffers from overcapacity leading to competition for feedstock. Copper smelters in China are so desperate to find raw material that they are paying miners for converting their concentrates into refined metal with spot treatment entering negative territory for the first time ever. LME response The LME last week implemented measures to curb backwardation driven by individual traders holding large front-month positions. Similar steps were recently used in the aluminum market, where Mercuria Energy Group was required to lend back a major position at a capped rate to prevent sharp near-term price spikes. However, trading data suggests the copper squeeze is more systemic. Key short-term spreads this week moved independently of any single large trader, indicating broader market pressure. On the COMEX market, copper for July delivery were trading sideways on Wednesday, at $4.88 per pound ($10,760 per tonne). September contracts were slightly higher at $4.93 a pound and December contracts were exchanging hands for just under $5.00 per pound. (With files from Reuters and Bloomberg)

Overview: After a volatile start to the week, the capital markets are quieter and the ceasefire between Israel and Iran appears to be holding. The Trump administration is challenging reports that claim the barrage of US bombs merely set back the Iranian nuclear project by a few months. No coup de grace was delivered. The dollar, which was sold to new lows for the year against the euro and sterling yesterday, is trading with a firmer bias today. The Australian and New Zealand dollars are slightly firmer but the other G10 currencies are softer, led by yesterday's outperformers, the Japanese yen (~-0.5%) and the Swiss franc (~-0.30). Emerging market currencies are mixed. Central European currencies are mostly softer, while Asia Pacific currencies are mostly a little higher. The Chinese yuan and South Korean won are exceptions. Asia Pacific equities extended yesterday's rally. Hong Kong, China, and Taiwan indices rose more than 1%. Europe's Stoxx 600 rose 1.1% yesterday but is hovering around unchanged in late morning turnover. US index futures are steady to slightly firmer. Benchmark 10-year yields are mostly softer. In Japan and the Antipodeans, rates are 2.5-4.5 bp lower. European yields are around 1 bp lower, and German Bunds are underperforming again, amid pending supply. The 10-year US Treasury yield is little changed near 4.29%. Gold is nursing yesterday's 1.3% drop and has little more than steadied today. August WTI fell 7.2% on Monday and another 6% yesterday. It has up about 1% today to push back above $65. It is not clear what President Trump meant by saying that China was free to buy Iranian oil. The White House seemed to clarify this to mean that the Strait of Hormuz would not be closed insists the sanction against Iranian oil remains intact. USD: The risk-on, associated with the fragile cease fire in the Israel-Iran conflict saw the dollar sold aggressively. The Dollar Index gapped lower yesterday and approached the three-year low set earlier this month, near 97.60. The gap is found between about 98.27 and 98.35. It has technical significance after the key downside reversal on Monday. It is consolidating quietly in a narrow range--roughly 97.80-98.10. Federal Reserve Chair Powell delivers the second installment of his semiannual congressional testimony today. The message is the same though the questions differ. Powell largely reiterated what he said at the press conference following last week's FOMC meeting. He was more explicit in linking the tariffs to the inflation expectations, the base line of which is higher than projected. If it were not for this, Powell said, the Fed would have continued the easing cycle. Despite two Fed governors indicating they would consider a cut at the next meeting at the end of July, the Fed funds futures market is dubious. There is about a 20% chance of a cut discounted. At the end of last month, the implied probability of the pricing in the Fed funds futures market was closer to 28%. The US reports new home sales, and after a heady 10.9% rise in April, they are expected to have slipped in May. The median forecast in Bloomberg's survey is for a 6.7% decline. That would put the seasonally adjusted annual pace around 694k. In May 2024, it was at 665k. EURO: The euro was bid to a new marginal three-year high yesterday near $1.1640, and after three tries earlier this month, settled above $1.1600. The next target is in the $1.1700-20 area. Since the high was recorded, the euro has not traded below $1.1590. So far, yesterday's high has held and the high today is about $1.1630. Yesterday, the German government announced intentions to borrow 118.5 bln euros in Q3 25, which is nearly 20% more than initially planned. The new spending will be focused on public infrastructure and defense. The eurozone's auto registrations, a proxy for sales, fell on a year-over-year basis each month in Q1 but recovered in April. In May it was 1.6% higher. In comparison, US May auto sales were down about 1.6% year-over-year, but the year-to-date on a year-over-year basis, US auto sales are up around 5.6%, flattered by the front running of tariffs, which, arguably, brought forward purchases. CNY: The broad decline in the US dollar saw it record a marginal new low for the year today near CNY7.1605. Last month's low was about CNH7.1615. Yesterday's low was about CNH7.1630. Against the onshore yuan, the dollar retested the low for the year set last month at CNY7.1680. The PBOC has been setting the dollar's reference rate mostly lower in recent weeks, and this effectively lowers the dollar's upper band, but the challenge is to stabilize the dollar's downside. We suspect the PBOC may consider changing tactics and begin to raise the dollar's fix. Yesterday's fix was set 0.08% below Monday's, which matches the largest adjustment since the end of May. Today's reference rate was set at CNY7.1668 (yesterday's fix of CNY7.1656 was the lowest since early last November). JPY: Over the last three sessions, the US 10-year yield has fallen by 10 bp, half of which took place yesterday. The dollar's nearly 1.5% loss offset the previous three days of gains in full. The drop overshot the (61.8%) retracement of the last leg up that began on June 13 near JPY142.80. The greenback found support closer to the 20-day moving average (JPY145.50) than the retracement objective (~JPY144.80). Yesterday's low has held, and the dollar recovered back to almost JPY145.70 in the European morning. Japan reported May service producer prices earlier today. The year-over-year pace eased to 3.3% but only because the April reading was revised to 3.4% from 3.1%. Last May, it was up 2.7% year-over-year. A hawk on the BOJ (Tamura) warned that it may still be necessary to hike rates despite the economic uncertainty. Although some, like Bloomberg economists, anticipate a July hike, most do not. In fact, the swaps market has less than a 5% chance discounted. The market is pricing in about 12-13 bp of tightening before the end of the year. There were 18.5 bp that priced in early June, the most in two months. GBP: Sterling traded at a five-week low on Monday near $1.3370 and yesterday set a new three-year high slightly shy of $1.3650. It settled near the highs, underscoring the powerful momentum, and just inside the upper Bollinger Band. It is consolidating in a narrow range today (~$1.3605-$1.3635) but looks heavy. Sterling's strength, which still strikes us as primarily a reflection of the greenback's weakness, is also boosting confidence that the Bank of England will cut rates at its next Monetary Policy Committee meeting in August. The odds are creeping up for the fifth consecutive session today and are at their highest (~85%) since early May. CAD: The Canadian dollar eked out a minor gain against the greenback yesterday. The only G10 currency that did worse was the Norwegian krone, which often acts more like a petro-currency. In fact, over the past 30 sessions, the correlation of US dollar's changes against the Canadian dollar and WTI is modestly positive this month. Last month, it was mostly inversely correlated. After recording the high for June, a whisker below CAD1.38 on Monday, the greenback recorded a four-day low yesterday near CAD1.3680. It recovered and set the North American high in late dealings near CAD1.3725 before consolidating. In subdued trading today, the greenback is trading mostly between CAD1.3715 and CAD1.3735. Canada's May CPI was largely in line with expectations when it was reported yesterday. The year-over-year pace was steady at 1.7%, while the underling core measures slipped by 0.1% to 3.0%. The swaps market was little changed, and the next cut is nearly fully discounted (~95%) at the October meeting. AUD: The Australian dollar's recovery was sharp. It was sold to a six-week low on Monday (slightly below $0.6375) and rebounded to almost $0.6520 yesterday. The seven-month high set earlier this month was Australia's about $0.6550, which met the (61.8%) retracement objective from the from last September's $0.6940 high to the April low near $0.5915. There has been no follow-through activity today and the Aussie is consolidating in a narrow range in the upper end of yesterday's price action--mostly $0.6490-$0.6505 today. May CPI moderated to 2.1% from 2.4% in April. It matches last year's low. The trimmed mean eased to 2.4% from 2.8%. The futures market had been fairly confident of a rate cut at the central bank meeting on July 8, and has been rarely below 80% discounted this month. It did edge up to almost 90% today. MXN: After peaking on Monday near MXN19.3430, the dollar reversed lower. It settled near its lows and proceeded to fall slightly through MXN18.95 yesterday. It is straddling the MXN19.00 in the European morning. The median projections in Bloomberg's surveys this year have consistently under-appreciated the underlying demand for the peso. Mexico offers a large interest rate pick-up against the dollar (and other funding currency candidates, and its implied one-month volatility is slightly less than the yen and a little more than the Swiss franc. The market may turn a little cautious ahead of the central bank meeting on Thursday. Yesterday's mid-June CPI report showed price pressures remain elevated, with the headline and core rates above the target range. A deputy governor of the central bank argued against another (the fourth in row) half-point cut, but the Governor seemed to endorse the larger move and the vast majority of economists in Bloomberg's survey also anticipate a 50 bp cut. Meanwhile, reports suggest the US will likely introduce a quota system to reduce the tariffs on some volume of Mexican steel, which US industry (e.g., autos) need. A similar agreement was struck in President Trump's first term and is similar to agreement reached with the UK on autos. Disclaimer

Dogecoin is once again at a technical crossroads, flashing a rare confluence of bullish indicators—but one wrong move could unravel the setup entirely. In his June 24 video analysis, crypto strategist Kevin (@Kev_Capital_TA) outlined why Dogecoin’s recent bounce from the $0.14 region may mark the beginning of a new uptrend—or the last gasp before breakdown. Dogecoin Hits Critical Zone “We’re hitting a very, very key level, folks,” Kevin stressed. “That being the weekly 200 SMA, the weekly 200 EMA, and again that macro 0.382 Fib.” The confluence of these levels between $0.143 and $0.127 marks what he calls a “make-or-break zone,” and Dogecoin is currently sitting right in the middle of it. The analyst previously entered a swing long position at $0.141, highlighting the area as a strong risk-reward trade zone. “Worst comes to worst, you could throw your stop loss below that level… but the upside is great,” he said. Since then, DOGE has bounced about 6–7%, but the real test lies ahead. Kevin noted that this level has acted as structural support since the end of the 2022–2023 bear market. The macro 0.382 Fibonacci retracement, drawn from Dogecoin’s full bull run top to its bear market bottom, aligns with long-standing trendlines and a weekly demand candle. “This is your zone,” he emphasized. “Mark this off on your charts.” Yet despite the recent bounce, Dogecoin remains beneath all its major daily and 4-hour moving averages. The next critical resistance stands at $0.19. “If you can reclaim $0.19 on Dogecoin, you then break back into this range—the $0.19 to $0.26 range,” Kevin explained, calling it the key to any continuation higher. Until then, he cautions against assuming a full reversal is underway: “Let’s not get too crazy here… still a lot of work to do.” The RSI also tells a story. Kevin pointed out that Dogecoin’s weekly RSI has repeatedly bounced off the 38 level throughout the current bull cycle. The coin now hovers just above that zone once again. “Anything below 38 on this weekly RSI is going to be a breakdown of that $0.143 to $0.127 range, which would be very, very sketchy at that point,” he warned. Momentum indicators on multiple time frames are sending mixed signals. The daily chart is flashing oversold conditions, and Kevin’s custom indicator lit up with a buy signal. On the 3-day timeframe, market cipher’s momentum wave is “kind of trying to clip” upward, while money flow is beginning to tick slightly higher. “That three-day candle was very nice,” he added. “That’s the kind you want to see—strong demand candles at major support.” Still, Kevin urged caution. “If that doesn’t work out and we start to head lower, the daily time frame doesn’t produce the buy signal, doesn’t produce much upside, we start to roll over—then you know your Dogecoin support.” DOGE/BTC Remains The Focus On the DOGE/BTC pair, Kevin noted that Dogecoin has returned to an “orange zone” he previously highlighted as critical support. The strength of that zone may determine whether DOGE can hold relative strength against Bitcoin—or continue to bleed lower as BTC dominance increases. “Doge will follow Bitcoin at the end of the day,” he reiterated. “Anyone not doing their Dogecoin analysis in tandem with Bitcoin and USDT dominance—be suspect of that analysis.” Kevin concluded with a warning rooted in experience. “I’ve been in this game a long time. The first move out of these patterns… sometimes it’s the wrong move. It traps people.” While a reversal may be underway, confirmation is everything—and the climb above $0.19 remains the gatekeeper. For now, Dogecoin teeters on the edge. The signals are there—but so is the risk. At press time, DOGE traded at $0.166.

Bitcoin has made a quick recovery from the weekend sell-off. This kind of BTC USD price stability in the midst of global instability speaks volumes about current demand. The biggest crypto asset is being bought up and stashed as institutions, governments, banks and companies have joined the competitive market. Retail buyers don’t wait around are scrambling to get a piece of the pie. The Bitcoin balance on exchanges has dropped by 800,000 between June 2024 and today. The estimated amount of BTC mined for the past year is around 177,000. Stockmoney Lizards’ observation that people are still not massively in profit means that selling pressure should still be rather low, compared to what it should be at the end of the bullrun. Great fundamentals! Now it’s time to move on to technical analysis. Is Bitcoin Rush Displayed On the Charts? (BTCUSD) Bitcoin is still in an uptrend in the weekly timeframe. Above all, moving averages are making higher highs and lower lows. A key level that needs to be broken is at $110,000, which for now proves to be resistance. One possible scenario investors would not like is the so-called double top. The FVG gap here is still not filled, though we are witnessing a strong bounce from support at $100,000. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now BTC USD Forms a Bull Flag on The Daily Chart? (BTCUSD) Next in line is the Daily timeframe. Here we see two FVG gaps. The upper one has been visited multiple times, but FVG1 is still filled. Will it happen? We will see later, so keeping it as a plausible scenario is good. However, it being below the moving averages, which is the price reclaimed in April, makes it unlikely. Another pattern I see here is a bull flag, which I indicated with orange lines. In uptrends, these formations are usually bullish accumulations and break to the upside. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 (BTCUSD) Let’s finish today’s analysis with the 4H chart. The two main parts of this chart we pay attention to are the second break above MA200, which led to a quick leg up. Now, we might see this repeated. The second bit is that price has moved above the previous high (test of MA200 before the drop to $98,000). I expect $108,000 to be tested again soon, and I’ll be watching how traders respond. DISCOVER: Top 20 Crypto to Buy in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Bitcoin Rush Of 21st Century: People Scrambling For Leftovers FVG 2 demand should be low now Weekly FVG might not be tested, though we keep it as plausible Price is forming a bull flag. MA200 on 4H reclaimed The post Bitcoin Price Rush – Biggest This Century? Traders Scramble For Last Minute BTC USD Positions appeared first on 99Bitcoins.

The cryptocurrency market is currently experiencing heightened volatility, particularly with Bitcoin (BTC) fluctuating dramatically. Recently, the price dipped below $99,000 before rebounding to over $106,000 within a span of just 24 hours. Bullish Bitcoin Setup Amid Geopolitical Tensions In a recent post on social media platform X (formerly Twitter), analyst Cyclop suggested that despite the current market conditions, BTC exhibits a bullish setup reminiscent of the patterns seen in March 2020. The analyst noted that Bitcoin appears to be mirroring its past movements, with a brief dip followed by a rally for both BTC and altcoins. Cyclop drew parallels between the ongoing geopolitical tensions involving Israel, Iran, and the US and the market dynamics observed during the COVID-19 crash. While acknowledging that geopolitical strife and global market panic are distinct issues, he pointed out that both scenarios resulted in sharp but temporary sell-offs followed by swift recoveries. According to Cyclop, the current market setup displays similar characteristics: widespread fear, a risk-off sentiment among investors, and global uncertainty. He emphasized the importance of understanding the timing of resolution to these tensions, suggesting that for a robust rally, several bullish catalysts are necessary to alleviate market uncertainty. He identified three key factors: potential interest rate cuts, a ceasefire between Iran and Israel, and Bitcoin holding crucial support levels. $120,000 By Year-End? Recently, a ceasefire was declared following 12 days of intense conflict between Iran and Israel. In a notable public statement, President Donald Trump criticized both nations, suggesting that their actions were misguided. This period of relative calm is seen as a positive indicator for the market. Cyclop highlighted that maintaining the $100,000 level for Bitcoin was crucial, and the cryptocurrency has successfully broken through the $106,000 barrier, signaling further growth. Furthermore, Ethereum (ETH) has also shown signs of a quick recovery alongside Bitcoin with its price nearing the key $2,500 level. Cyclop advised investors not to attempt to time the market perfectly, as reversals can often feel unsettling and uncertain. Looking ahead, Cyclop anticipates a consolidation phase for Bitcoin within the $102,000 to $106,000 range, with expectations of a breakout that could push BTC to an all-time high of around $120,000 by November or December of this year. As of this writing, Bitcoin is trading at $106,500 per coin. Despite ongoing economic uncertainties, the market’s leading cryptocurrency has seen a 75% increase year-to-date. However, Bitcoin is still trading nearly 5% below its record high of $111,800, which was reached on May 23. The most important resistance level is $110,200, which has prevented a new price discovery phase for Bitcoin on two occasions. Featured image from DALL-E, chart from TradingView.com

The battle between SEI crypto and Sui has fueled endless back-and-forth, but hard data’s starting to tilt the scale. In this article, we’ll give you a SEI crypto price prediction and why it’s looking like a bigger play. With an 80% rise over the last week, SEI’s just getting started, SeiPriceMarket CapSEI$1.68B24h7d30d1yAll time SEI Crypto Price Prediction: SUI Vs. SEI Metrics Here’s how SEI stacks up against SUI, broken down by the key metrics that actually matter. Credit to Invest Answers for the deep-dive data behind this comparison. Starting with decentralization, Sui’s got the edge, scoring 19 on the Nakamoto coefficient to SEI’s 7, backed by a slightly stronger tech stack. SEI answers this with specialization. Its focus on fast, high-volume DEX activity has earned it the nickname “The DEX Chain,” and in that vertical, it’s outpacing most. SEI is positioned better regarding circulating supply, with 56% already in circulation compared to Sui’s 34%. This difference reduces future selling pressure on SEI. So in closing, even after its recent run, SEI still has upside. Matching SUI’s $9B valuation would mean a 6x from here. SUI’s not out of the game either as it could double or triple if it reclaims old highs. Bottom line is that both these coins have room, but SEI’s playing catch-up with more ground to cover. EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways The battle between SEI crypto and Sui has fueled endless back-and-forth, but hard data’s starting to tilt the scale. With an 80% rise over the last week, SEI’s just getting started, The post New Token Launches Fuel SEI Price on 70% Rally: SEI Crypto Price Prediction For July? appeared first on 99Bitcoins.

Are we going into a recession 2025? How is anyone supposed to eat in this economy? By all metrics, the U.S. economy is doing well: Inflation is down (but sticky), Bitcoin is up, war over, and economists are shifting gears from a “soft landing” to “no landing” at all. As much as economic life may “seem to be improving,” sardonic tweets like this one are going viral: Fitch Ratings, too, admits things aren’t falling apart with 1.6% growth and the deficit inching down to 7.1% of GDP. It’s all ugly, but functional. If this were any other country, the rating would be B-minus and falling. But it’s not. It’s the U.S., and you can’t get evicted if you’re the landlord. Are We Going Into a Recession 2025? Losers Are People Living Paycheck To Paycheck 40% of Americans are now in a debt cycle that only ends in default. Even incomes over $150k are maxing out their cards to keep up with inflation. This is the Great Depression 2.0 incoming. Here are some not-so-tasty stats: 35% of Americans using a credit card believe they will max out at least one of their cards before the end of the year. A further 38% say they use credit cards to pay for expenses they previously didn’t use them for. Nearly two-thirds (62%) of already employed Americans said they are either considering a side gig in the next six months. 31% of Americans said if the freeze lifted on student loan payments (which it did, unfortunately), they’d have to cut down on their spending in the second half of the year. In closing, while assets are up the overall economy is a house of cards. People are one pinprick away from devastation, and it’s probably why we’ll see the money printers turned back on soon. EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Are we going into a recession 2025? How is anyone supposed to eat in this economy? All eyes are on Powell next month. As inflation lingers and labor metrics soften. The post The New Great Recession: Winners and Losers Post-Iran War appeared first on 99Bitcoins.

After the Bitcoin price breakdown below $100,000 over the weekend, multiple new narratives have emerged for where the digital asset may be headed. Calls for the next Bitcoin bear market continue to ring loud as analysts predict lower prices. One crypto analyst, known on X as Astronomer, has taken to the platform to give investors a possible roadmap of where the cryptocurrency is headed next and where to start buying for maximum gains. Next Course Of Action After Crash Following the Bitcoin price crash, Astronomer pointed out that the price had fallen below the expected close. However, it seems that the decline was not completely over, as there could be another final drop. This could come after the market reversal that has taken hold over the last few days, presenting another buy opportunity. From here, the crypto analyst explains that there could be a reversal toward the $95,000 level, and also a possibility of a bounce toward $110,000. As a result of this, the next area of action that investors could start buying from is placed at the $97,000 level, but the price could go lower. Astronomer explains that weekend lows are usually taken out, and with this weekend low still above $97,000, the price could revisit this territory. Nevertheless, the analyst explains that those who have been sidelined throughout the rally, or those who want to begin getting into the market, the Bitcoin price at around $97,000 is a good place to start. In addition to the current market factors, the analyst also points to sentiment and geopolitics as supporting the analysis. “It’s a shame we have to take advantage of blood being shed, from what’s happening in the world, but also from the bears soon at the end of this dip,” the analyst said. Where Is The Bitcoin Price Headed? With the announcement from US President Donald Trump that Israel and Iran have agreed to a ceasefire, the market has already seen a recovery, with the Bitcoin price rallying to $106,000 initially. This has already triggered a turn in the sentiment from Fear back to Greed as investors begin piling in again. In a subsequent post, Astronomer explains that missing out on the buy below $97,000 is no cause for alarm. But cautions against buying now due to fear. The analyst explains that such a move is not advisable as it could lead to losses, as buying during high euphoric times is not advisable. Given this, it is likely better to wait for a correction before going into the market. “Buying higher now during high euphoric times (especially locally), is a worse idea,” Astronomer warned. “Create good habits, create a solid plan, and stick to both.”

Solana started a fresh increase from the $125 zone. SOL price is now consolidating gains and aims for more gains above the $150 level. SOL price started a fresh increase above the $132 zone against the US Dollar. The price is now trading above $142 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $142 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $150 resistance zone. Solana Price Aims For More Gains Solana price remained supported above $125 and started a fresh increase, like Bitcoin and Ethereum. SOL gained pace and traded above the $132 resistance level. The bulls pushed the price above the $142 and $145 levels. They are now facing hurdles near $148 and $150. A high was formed at $147 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $126 swing low to the $147 swing high. Solana is now trading above $142 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $142 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $148 level. The next major resistance is near the $150 level. The main resistance could be $155. A successful close above the $155 resistance zone could set the pace for another steady increase. The next key resistance is $160. Any more gains might send the price toward the $165 level. Another Decline in SOL? If SOL fails to rise above the $150 resistance, it could start another decline. Initial support on the downside is near the $142 zone. The first major support is near the $136 level or the 50% Fib retracement level of the upward move from the $126 swing low to the $147 swing high. A break below the $136 level might send the price toward the $130 zone. If there is a close below the $130 support, the price could decline toward the $125 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $142 and $136. Major Resistance Levels – $148 and $150.

Geopolitical risk premium continued to unwind across global financial markets on Tuesday, as risk-on sentiment gained traction following signs that Israel and Iran are now respecting a ceasefire deal brokered late Monday by US President Trump, despite earlier breaches from both sides. The de-escalation of the 12-day Israel-Iran conflict also drove a sharp bearish reversal in oil prices. WTI crude extended its losses from Monday, 14 June, registering a two-day decline of -15.3% to trade at US$66.05/barrel—effectively erasing the geopolitical premium and returning to pre-conflict levels. close Fig 2: Gold (XAU/USD) minor trend as of 25 June 2025 (Source: TradingView) Fig 2: Gold (XAU/USD) minor trend as of 25 June 2025 (Source: TradingView) The minor corrective decline of -4.5% seen in Gold (XAU/USD) from its 16 June 2025 high to Tuesday, 24 June 2025 low has stalled and reversed upwards from the 50-day moving average. In addition, the hourly RSI momentum indicator has rebounded back above the 50 level after hitting its oversold region on Tuesday, which suggests a revival of bullish momentum at least in the short term. Watch the US$3,300 key short-term pivotal support, and a clearance above the US$3,346 near-term resistance (also close to the 20-day moving average) sees the next intermediate resistances coming in at US$3,400 and US$3,450 (see Fig 2). However, failure to hold at US$3,300 invalidates the recovery scenario to extend the corrective decline sequence towards the next intermediate support at US$3,270/3,250 (also the medium-term ascending trendline from 31 December 2024 low). 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.

On-chain data shows Tron (TRX) observed a large profit-taking spike earlier in the month. Which type of holder was responsible for the move? Tron SOPR Saw A Huge Spike Earlier In The Month In a CryptoQuant Quicktake post, analyst Maartunn has talked about the recent trend in the Spent Output Profit Ratio (SOPR) of Tron. The SOPR refers to an on-chain indicator that tells us about whether the TRX investors are moving or selling their coins at a profit or loss. The indicator works by going through the transfer history of each coin being moved to see what price it was last transacted at. Coins that have this cost basis above the current spot price are contributing to loss realization, while those with the opposite setup to profit realization. The SOPR takes the ratio between the spent value and cost basis, and sums it up for all coins being sold on the blockchain to find a net situation for the market as a whole. When the value of the indicator is greater than 1, it means the investors are, on average, realizing a profit through their transactions. On the other hand, the metric being under this threshold suggests the dominance of loss realization in the market. Now, here is the chart shared by the quant that shows the trend in the Tron SOPR over the past year: As displayed in the above graph, the Tron SOPR saw a huge spike above the 1 mark earlier in the month, implying investors took part in a significant amount of profit-taking. From the chart, it’s also visible that there were other profit realization spikes during the past year, but the current one stands out for its scale. The latest peak in the metric saw its value go to 4.74, corresponding to a profit margin of 374%. “With TRX priced at $0.268 at the time, the average acquisition price for those coins would have been around $0.0566,” explains Maartunn. Interestingly, Tron hasn’t seen extended periods around this price mark since late 2022, meaning that the tokens would have been held for a good while before being finally transacted this month. Usually, when dormant hands break their silence, it’s likely to be for selling-related purposes. That said, it’s not the only reason they may do so. “The activity could be tied to early investors realizing gains, internal transfers, or reallocation decisions,” notes the analyst. In some other news, the USDT supply on the Tron network has reached a new milestone, as institutional DeFi solutions provider Sentora (formerly IntoTheBlock) has pointed out in an X post. There is now over $80 billion in USDT supply circulating on Tron, the second-most out of any cryptocurrency network. TRX Price At the time of writing, Tron is trading around $0.273, up 0.5% over the last 24 hours.

XRP price started a fresh increase from the $2.050 zone. The price is back above $2.10 and might struggle to continue higher above the $2.20 zone. XRP price started a fresh increase above the $2.120 zone. The price is now trading above $2.150 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $2.080 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it closes above the $2.20 resistance zone. XRP Price Faces Hurdles XRP price remained supported above the $2.00 zone and started a fresh increase, like Bitcoin and Ethereum. The price recovered above the $2.020 and $2.080 resistance levels. The pair even cleared the $2.150 resistance and spiked above the $2.20 barrier. However, the bears were active above the $2.20 zone. A high was formed at $2.215 and the price is now correcting some gains. There was a move below the $2.00 level, but the price is still above the 23.6% Fib retracement level of the upward move from the $1.910 swing low to the $2.2150 high. The price is now trading above $2.150 and the 100-hourly Simple Moving Average. Besides, there is a bullish trend line forming with support at $2.080 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.20 level. The first major resistance is near the $2.220 level. The next resistance is $2.250. A clear move above the $2.250 resistance might send the price toward the $2.320 resistance. Any more gains might send the price toward the $2.350 resistance or even $2.420 in the near term. The next major hurdle for the bulls might be $2.50. Another Drop? If XRP fails to clear the $2.20 resistance zone, it could start another decline. Initial support on the downside is near the $2.150 level. The next major support is near the $2.080 level. If there is a downside break and a close below the $2.080 level, the price might continue to decline toward the $2.020 support or the 61.8% Fib retracement level of the upward move from the $1.910 swing low to the $2.2150 high. The next major support sits near the $1.950 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.150 and $2.080. Major Resistance Levels – $2.20 and $2.250.