Redator

Things are looking up in the Vietnamese crypto landscape! According to local sources, the country passed its Law on Digital Technology Industry on 14 June 2025. A first of its kind in the country, the legislation aims to properly regulate Vietnam’s newly legitimised digital economy. Local sources have quoted, “The law defines crypto assets as digital assets that use encryption or similar digital technologies for validation during creation, issuance, storage, or transfer.” Interestingly, the legislation demarcates virtual and crypto assets in addition to taking steps to sync up Vietnam’s anti-money laundering (AML) protocols with global standards. Industry experts foresee this as a proactive step taken by the country in a bid to remove itself from the Financial Action Task Force’s (FATF) grey list. Vietnam has been on FATF’s grey list since 2023, facing compliance issues as local businesses endure increased scrutiny on their cross-border transactions. Notably, the FATF has explicitly urged the Vietnamese authorities to implement clear regulations for virtual assets to strengthen the country’s AML compliance standards. The Vietnamese government will implement the legislation on 1 January 2026 and expects it to establish a foundation for nationwide digital innovation. Explore: Best Meme Coin ICOs to Invest in June 2025 Understanding the New Vietnamese Crypto Law Vietnam’s Law on Digital Technology Industry has classified digital assets into virtual and crypto assets, aiming to help foster innovation in the country across industries such as artificial intelligence and semiconductors. It also sets clear guidelines to regulate the crypto sector. Notably, while encryption will protect both virtual and crypto assets, neither asset class includes digital fiat currencies or any other financial instrument. The legislation will consider virtual assets as digital assets, primarily to be used for exchange or investment purposes, while considering cryptocurrencies an instrument that uses encryption to validate ownership and transactions. Local businesses and regulators may rest easy since the late implementation of this legislation will provide the transition period needed to get their affairs in order. Vietnam’s new crypto law aims to bring the country on par with other global digital hubs and has introduced several incentives, including tax breaks, land-use benefits and R&D support, particularly for businesses involved in developing core technologies such as chip design and AI data centres, to accelerate achieving this initiative. Le Quang Huy, the Chairman of the National Assembly’s Committee on Science, Technology and Environment, outlined, “The newly passed law clearly outlines Vietnam’s strategic goal to develop a comprehensive semiconductor industry and gradually become an essential link in the global supply chain.” Additionally, regional governments have been asked to foster workforce development through subsidies and training, while education policies have been rethought to incorporate digital technology skills into their national curriculum. Explore: The 12+ Hottest Crypto Presales to Buy Right Now Key Takeaways Vietnam’s new crypto law differentiates between virtual and crypto assets Industry experts see this legislation as a means for Vietnam to get out of the FATF grey list The legislation will come into effect on January 1st 2026 The post Vietnam Legalizes Crypto: Passes New Legislation To Regulate Digital Assets appeared first on 99Bitcoins.

It’s no secret that global central banks have been stockpiling gold. But we just didn’t know how significant the central bank gold buying has been. Demand for gold bullion is so strong that the precious metal has surpassed the euro to become the second-largest asset held by central banks around the world. For the last three years, global central banks have bought more than 1,000 tons of gold each year. Because of all that gold buying, today, gold is the world’s second-largest global central bank reserve asset, behind the U.S. dollar. Gold pushed past the euro in 2024, taking second place, according to new data from the European Central Bank. Here’s the breakdown. Global Central Bank Reserves Source: European Central Bank, International Monetary Fund, Bloomberg At the end of 2024, global central bank holdings of gold had climbed to around 36,000 tons, near the all-time high of 38,000 tons set in 1965. Why are central banks buying gold? It’s simple. It turns out that central banks are buying gold for many of the same reasons that individual investors are piling into the precious metal. Central banks are buying gold for diversification purposes and also to hedge against geopolitical risk, the European Central Bank report said. Reserve managers also value gold as a portfolio diversifier to hedge against inflation, cyclical downturns, and defaults. Why does this matter to you? Central banks are long-term investors. They see value in gold at current levels and continue to buy and stockpile the precious metals in their global central bank vaults. If they are increasing their exposure to gold, maybe you should consider it too. It’s been an epic rally in gold, and precious metals are still climbing. The price of gold has climbed nearly 62% since the beginning of 2024. Silver is soaring too. Silver just jumped past $36.00 an ounce, and analysts are now pointing to $40 as the next big target. Platinum is also rocketing higher, climbing 35% since the start of the year. In fact, platinum, gold, and silver are the top three best-performing assets of 2025. Precious metals are in a strong uptrend, with huge momentum and are still climbing. A number of Wall Street forecasts point to gold at $4,000 an ounce and beyond. For centuries, people have turned to precious metals as a store of value and as an asset to protect and grow their wealth. If you’ve been thinking about increasing your allocation to precious metals, don’t wait; the markets are moving, and gold at $4,000 will be here before you know it. The post Gold Leaps Over Euro to Become Second Largest Central Bank Reserve Asset appeared first on Blanchard and Company.

It’s no secret that global central banks have been stockpiling gold. But we just didn’t know how significant the central bank gold buying has been. Demand for gold bullion is so strong that the precious metal has surpassed the euro to become the second-largest asset held by central banks around the world. For the last three years, global central banks have bought more than 1,000 tons of gold each year. Because of all that gold buying, today, gold is the world’s second-largest global central bank reserve asset, behind the U.S. dollar. Gold pushed past the euro in 2024, taking second place, according to new data from the European Central Bank. Here’s the breakdown. Global Central Bank Reserves Source: European Central Bank, International Monetary Fund, Bloomberg At the end of 2024, global central bank holdings of gold had climbed to around 36,000 tons, near the all-time high of 38,000 tons set in 1965. Why are central banks buying gold? It’s simple. It turns out that central banks are buying gold for many of the same reasons that individual investors are piling into the precious metal. Central banks are buying gold for diversification purposes and also to hedge against geopolitical risk, the European Central Bank report said. Reserve managers also value gold as a portfolio diversifier to hedge against inflation, cyclical downturns, and defaults. Why does this matter to you? Central banks are long-term investors. They see value in gold at current levels and continue to buy and stockpile the precious metals in their global central bank vaults. If they are increasing their exposure to gold, maybe you should consider it too. It’s been an epic rally in gold, and precious metals are still climbing. The price of gold has climbed nearly 62% since the beginning of 2024. Silver is soaring too. Silver just jumped past $36.00 an ounce, and analysts are now pointing to $40 as the next big target. Platinum is also rocketing higher, climbing 35% since the start of the year. In fact, platinum, gold, and silver are the top three best-performing assets of 2025. Precious metals are in a strong uptrend, with huge momentum and are still climbing. A number of Wall Street forecasts point to gold at $4,000 an ounce and beyond. For centuries, people have turned to precious metals as a store of value and as an asset to protect and grow their wealth. If you’ve been thinking about increasing your allocation to precious metals, don’t wait; the markets are moving, and gold at $4,000 will be here before you know it. The post Gold Leaps Over Euro to Become Second Largest Central Bank Reserve Asset appeared first on Blanchard and Company.

Cantonese Cat’s first livestream in weeks, broadcast on 15 June, devoted an extended segment to Dogecoin’s long-term structure—and the veteran technician was unequivocal about the upside he still sees. In his words, “this is still a cup and this is still a handle,” and if that formation completes he expects the meme-coin to break “anywhere from like $5 to $8.” That target, he added, is anchored by the intersection of a monthly GAN arc and Fibonacci extensions that have governed Dogecoin’s entire post-2020 advance. Dogecoin Price Could Hit $8 The analyst began by stripping the chart to its monthly timeframe and toggling off short-term clutter. He noted that Dogecoin has already tested the lower boundary of the Ichimoku cloud and, despite failing to “penetrate the monthly cloud” on the first attempt, continues to coil beneath it. “Even if it goes sideways for another month or two,” he said, “it’s going to enter the Ichimoku cloud one way or another—you can either push up like that or you can just go sideways and you get inside the cloud.” Under either scenario, the tenor remains constructive because the price is “forming higher highs and higher lows.” Central to his conviction is the 20-month simple moving average, a line he regards as the spine of every major Dogecoin bull cycle. During the manic run of early 2021, price action “rode the 20[-month SMA] up” without once breaking it; when that moving average finally failed, the bear market ensued. Today, Dogecoin sits on top of the same level. “It looks like we’re able to use that as support,” he argued, and that support zone—currently just below the handle—doubles as what he calls a “buy zone” for long-horizon traders. The analyst himself “was buying more DOGE the last 4-5 days,” he revealed via X. Cantonese Cat also addressed the coin’s lethargy since April, insisting that the compression is constructive rather than dangerous. He pointed to the fact that Dogecoin is grinding just beneath the 0.5 log-scale retracement of the entire 2021–2022 decline, a behaviour he interprets as “building up some energy.” The longer the coil, the sharper the eventual expansion, he argued, provided the higher-timeframe moving averages remain intact. Pressed by viewers about timing, the analyst declined to publish a timetable and reminded his audience that the breakout will almost certainly coincide with a broader alt-season. He did, however, flag the moment price re-enters the Ichimoku cloud as the technical “green light” for acceleration. Once that happens, the measured-move objective from the cup-and-handle and the GAN arc intersection converge in the $5–$8 zone—levels that would represent new all-time highs and deliver returns of roughly 3,000–5,000 percent from current prices. “Anything that’s closer to the twenty-one moving average is a good area to add,” he concluded, cautioning newcomers not to chase sudden green candles but to accumulate methodically while the chart remains “boring.” The implication is clear: Dogecoin’s dormancy may be the final shakeout before the largest impulse of the cycle, and those ignoring the calm may indeed “regret sleeping on this chart” if—and only if—the structural signals Cantonese Cat tracks fall into place. At press time, DOGE traded at $0.177.

The Bitcoin price is currently at $107,050, having climbed 1.5% overnight, and is showing increasingly bullish strength amid the ongoing Israel-Iran conflict, with tomorrow’s Federal Reserve FOMC Meetings looming. Tomorrow, the Fed will announce its plans for interest rates, with prediction platform Polymarket having ‘No change’ sitting at 98% chance of being correct and a 25 bps decrease at 2%. Not only does the Bitcoin price look great from a TA perspective, but the fundamentals are extremely bullish right now. Japan’s MetaPlanet just this morning announced a fresh 1,112 BTC buy, totalling $116.5 million. This increases MetaPlanet’s holdings to 10,000 Bitcoin, moving it above Coinbase to 9th place in the largest Bitcoin holders list. It now sits behind the Hut 8 Mining Corporation, which holds a reported 10,273 BTC. One more purchase from MetaPlanet could see the Japanese firm overtake Hut 8 into 8th place. On the Ethereum side, crypto intelligence platform Arkham posted nine days ago that BlackRock has been consistently buying ETH, adding $492 million worth in just a nine-day accumulation period. While many retail investors are scared to buy the dip with the ongoing conflict in the Middle East, institutions such as MetaPlanet and BlackRock are buying Bitcoin and Ethereum at discounted prices. As the old adage goes, ‘scared money don’t make money’, and these firms live by that motto. The likely outcome from this week is the Fed announcing rates to be cut by 25 bps or stay flat, and a possible de-escalation in the Middle East. These outcomes will likely be the springboard for an inflow to risk assets, led by Bitcoin price printing fresh highs and Ethereum regaining $3000 before pushing on toward its previous all-time high of $4878, per CoinGecko. EXPLORE: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Bitcoin Price: FOMC To Spark Mega Rally as Israel Goes to War appeared first on 99Bitcoins.

Altcoin season has taken a backseat for most of the year, trailing behind Bitcoin’s slow grind upward. But new market data suggests the underdogs and your favorite alts might not stay quiet for long. On-chain analytics platform Alphractal has raised eyebrows with predictions of a significant shift in the altcoin market. Using altcoin Dominance metrics, Alphractal noted these metrics hover around historically significant support levels that have previously preceded major rallies. EthereumPriceMarket CapETH$307.24B24h7d30d1yAll time Altcoin Season May Come Via ‘Alt Dominance’ “Something big is about to happen with altcoins,” Alphractal shared in a post on X, citing its analysis of dominance levels. Altcoin dominance metrics may be setting the stage for a rally. Excluding stablecoins, the metric has historically used the 25% level as a springboard, fueling surges to 35% in 2020 and over 50% during the 2021 altseason. Currently at 27.91%, it appears ready to test its strength again, signaling the potential for a resurgence in altcoin momentum. Gold surged to a multi-week high of $3,445 last week, boosted by escalating Israel-Iran tensions and weaker-than-expected U.S. inflation data that pressured the dollar. Traders now eye a climb toward the all-time high of $3,500, though uncertainty looms ahead of the Fed’s policy meeting. Who’s going to win out between Bitcoin, altcoins, and gold? We’ll just have to wait and see, but they undoubtedly all thrive in times of volatility like this. 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 Altcoin season has taken a backseat for most of the year, trailing behind Bitcoin’s slow grind upward. All eyes are on Powell this week. As inflation lingers and labor metrics soften. The post Seriously WTF Happened to Altcoin Season? Gold Reaches ATH As Crypto Crashes appeared first on 99Bitcoins.

The Bitcoin price, while still holding above $100,000, has not exactly inspired confidence in the crypto community recently. This comes as the digital asset failed to break above new all-time highs during last week’s rallies and, with the Israel-Iran conflict, saw a sharp plunge, erasing its weekly gains. Amid this, the bears have gained even more ground and are now more in control of the cryptocurrency’s price. Thus, the probability of a deep crash is heightened during this time. Bitcoin Price Could Crash Below $90,000 In a TradingView post, pseudonymous crypto analyst MIRZA has called for a possible Bitcoin price crash that could send the market spiraling even more. The crypto analyst points to the rising weakness of the Bitcoin price and the formation of bearish patterns on its price chart. The first notable bearish development was the fact that the Bitcoin price had been unable to break above $111,000 despite coming close last week. Since this is where the resistance for the previous all-time high lies, it shows that there is still not enough strength in the digital asset to continue its ascent. The result of this was the decline that sent it back toward the $103,000 as bears took a stand once more. This bearish drop suggests that the asset is now forming a potential double top or a lower high structure. Both of this are bad signs for any asset as it suggests that the upward momentum has ended and there is nowhere to go but down. This change in momentum toward the negative suggests that there could be a liquidity grab at lower levels. The crypto analyst predicts that there is a possibility that the upward trend could continue if the Bitcoin price is able to break above $107,000 and maintain it. Otherwise, the Bitcoin price is expected to crash by more than 15%, pushing it below $90,000 and as low as $85,000 before a bottom is established. BTC Bearish Sentiment Grows MIRZA is not the only crypto analyst who has called a possible price crash for Bitcoin. RLinda, also took to the platform to share what she expects next for the largest cryptocurrency by market cap. She points out that the Israel-Iran conflict was the reason that the Bitcoin price lost its bullish trend and was trending back downward at this point. However, Bitcoin continues to hold support above $100,000 so far, which has shown some strength. As a result, the analyst explains that the BTC price could end up ranging between $102,500 and $106,200 for a while as a result. The end of this, however, could end up going two ways. If Bitcoin breaks above $106,200, then it has a shot to rise above $110,000 again. However, if it loses the $102,500 support, then the next crash would send it toward $100,000 again.

Tensions between Israel and Iran entered a fourth consecutive day on Monday, with no signs of de-escalation. The conflict has intensified fears of a broader regional crisis in the oil-rich Middle East, particularly concerns over potential disruptions to oil supply through the Strait of Hormuz. close Fig 2: Hong Kong 33 CFD Index minor trend as of 16 June 2025 (Source: TradingView) Fig 2: Hong Kong 33 CFD Index minor trend as of 16 June 2025 (Source: TradingView) Last Friday’s loss of -1.80% inflicted on the Hong Kong 33 CFD Index (a proxy of the Hang Seng Index futures) has managed to see a partial recovery in today’s Asian session as it rallied by 0.7% at the time of writing. Interestingly, two key technical elements suggest that the minor corrective decline of -3.1% from the 11 Jun 2025 high to the 16 Jun 2025 current intraday low may have ended, and a potential bullish reversal process is likely to have emerged (see Fig 2). Firstly, the price actions have rebounded just a whisker away from its rising 20-day moving average. Secondly, the hourly RSI oscillator has flashed a bullish divergence condition at its oversold region, which suggests a potential slowdown in downside momentum. Watch the 23,600/23,440 short-term pivotal support, and a clearance above 24,200 near-term resistance sees the next intermediate resistance coming in at 24,490 in the first step. On the flipside, a break below 23,440 invalidates the bullish tone to see an extension of the minor corrective decline to expose the next intermediate supports at 23,060 and 22,700 (also the 50-day moving average. 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.

Dogecoin started a fresh decline from the $0.1880 zone against the US Dollar. DOGE is now consolidating losses and might recover if it clears $0.1780. DOGE price started a fresh decline below the $0.1880 and $0.180 levels. The price is trading below the $0.180 level and the 100-hourly simple moving average. There is a short-term bearish trend line forming with resistance at $0.1760 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh decline if it declines below the $0.180 zone. Dogecoin Price Dips Again Dogecoin price started a fresh decline after it failed to clear the $0.1880 zone, like Bitcoin and Ethereum. DOGE declined below the $0.1800 and $0.1750 levels. The bears even pushed the price below the $0.1720 level. A low was formed at $0.1695 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $0.2064 swing high to the $0.1697 low. Dogecoin price is now trading below the $0.180 level and the 100-hourly simple moving average. There is also a short-term bearish trend line forming with resistance at $0.1760 on the hourly chart of the DOGE/USD pair. Immediate resistance on the upside is near the $0.1760 level. The first major resistance for the bulls could be near the $0.1785 level. The next major resistance is near the $0.180 level. A close above the $0.180 resistance might send the price toward the $0.1880 resistance. It is close to the 50% Fib retracement level of the downward move from the $0.2064 swing high to the $0.1697 low. Any more gains might send the price toward the $0.200 level. The next major stop for the bulls might be $0.2120. More Losses In DOGE? If DOGE’s price fails to climb above the $0.180 level, it could start another decline. Initial support on the downside is near the $0.1720 level. The next major support is near the $0.1700 level. The main support sits at $0.1680. If there is a downside break below the $0.1680 support, the price could decline further. In the stated case, the price might decline toward the $0.1550 level or even $0.1525 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.1700 and $0.1680. Major Resistance Levels – $0.1760 and $0.1800.

Critical Metals Corp. (NASDAQ: CRML) has been tapped by the for a US government loan worth up to $120 million to fund the company’s Tanbreez rare earth project in southern Greenland, as first reported by Reuters on Sunday. The Tanbreez project — situated on a 4.7-billion-tonne mineralized kakortokite unit that has been largely unexplored — represents one of the world’s largest rare earth deposits. In a letter issued last week by the US Export-Import Bank (EXIM) and seen by Reuters, the New York-based Critical Metals has met the initial requirements to apply for the $120 million loan, which would have a 15-year repayment term. The project would have to be “well-capitalized with sufficient equity from strategic investors” to receive the loan, EXIM stated in the letter of interest. 2026 production According to Reuters, the EXIM funds — representing nearly half of the project’s estimated cost of $290 million — would be used for technical work ahead of first production by 2026. Once operational, the Tanbreez mine is initially expected to produce 85,000 tonnes of rare earth concentrates per year, then scaled up to 425,000 tonnes following a modular expansion. Its mining licence is valid until 2050. The production forecast is based on an estimated resource of 45 million tonnes, or just 1% of the host rock. According to company estimates, the Tanbreez resource has one of the largest heavy rare earth contents (Dy, Tb, Y) globally over 27%. Earlier this year, Critical Metals released an economic assessment for the Tanbreez project, showing a net present value of approximately $3 billion (approximately $2.8 billion to $3.6 billion at discount rates of 15% and 12.5%, respectively, before tax) and an internal rate of return (IRR) of 180%. As part of its ongoing efforts to de-risk the asset ahead of production, the company is in the process of completing a definitive feasibility study for Tanbreez, which would include more details such as project timelines. The study is expected by the end of 2025. In addition, Critical Metals said it expects to invest another $10 million in exploration this year, so that it would trigger the option to acquire an additional 50.5% of the asset, bringing its total ownership to 92.5%. Battle for rare earths EXIM, acting as the US government’s export credit agency, said in the letter that CRML qualifies for its loan program since its business competes with China. Rare earths — a group of 17 minerals used in high-tech industries ranging from electric vehicles to defense systems — have become a focal point in the recent Sino-American trade clash, given Beijing’s leverage as the leading producer and exporter to Washington. China currently controls roughly 60% of rare earth production and nearly all of the processing capacity worldwide. As of 2023, its total mine production was 240,000 tonnes, nearly six times that of the US. Between 2020 and 2023, China accounted for about 70% of America’s rare earth imports. This heavy reliance on Chinese supply — which Beijing managed to weaponize in trade policy — sparked a global hunt for new rare earth mines. As of now, the US only has one active rare earth mine — the Mountain Pass in California owned by MP Materials (NYSE: MP). “This is a tremendous milestone for Critical Metals Corp., which highlights to the rare earths supply chain, Western governments and investors that Tanbreez is a world-class asset that will provide mission-critical rare earth metals to counter China’s continued dominance,” stated Tony Sage, Critical Metals CEO and chairman, in a press release Monday. Shares of Critical Metals soared on the news, trading 21.4% higher at $2.46 per share by 10:25 a.m. in New York, for a market capitalization of $225.8 million. Interest in Greenland Should the EXIM loan be approved, Tanbreez would become the first overseas mining project to receive US government funding under the Trump administration. The letter underscores US interest in Greenland’s vast endowment of resources and critical minerals dating back to the Biden administration. It was reported that US officials visited Nuuk as recently as last November as part of ongoing efforts to get private investment in the island’s mineral sector. According to Reuters, US officials had lobbied Tanbreez’s then-owner not to sell to a Chinese developer and instead sell to Critical Metals. Current President Donald Trump also made no secret of his desire to “own” the Danish territory. Earlier this year, Vice President JD Vance made a quick trip to Greenland to make Trump’s pitch. Despite growing interest, Greenland’s mining sector has seen little progress in recent years due to limited investor interest, bureaucratic challenges and environmental concerns. Currently, there are only two small mines in operation. As for Critical Metals, the company would still have to build a processing facility, and its representatives said their goal is to process the material inside the US. The company had previously applied for funding to develop a processing facility from the US Department of Defense, but the review process stalled ahead of Trump’s inauguration. For the EXIM loan’s additional funding requirements, Critical Metals told Reuters it is considering offtake agreements, royalty streams and funding from other US governmental agencies.

XRP price started a fresh decline and tested the $2.080 zone. The price is now recovering and might aim for an upward move above the $2.20 resistance. XRP price started a decent upward move from the $2.080 zone. The price is now trading above $2.150 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with support at $2.140 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.20 resistance zone. XRP Price Eyes Recovery XRP price declined below the $2.250 and $2.20 levels, like Bitcoin and Ethereum. The price even declined below the $2.120 zone and tested the $2.080 support. A low was formed at $2.085 and the price is now attempting to recover. There was a move above the $2.10 and $2.120 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $2.338 swing high to the $2.085 low. Besides, there is a short-term rising channel forming with support at $2.140 on the hourly chart of the XRP/USD pair. The price is now trading above $2.150 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.20 level. The first major resistance is near the $2.2120 level. It is close to the 50% Fib retracement level of the downward move from the $2.338 swing high to the $2.085 low. 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 $2.3650 in the near term. The next major hurdle for the bulls might be $2.420. Another Decline? If XRP fails to clear the $2.20 resistance zone, it could start another decline. Initial support on the downside is near the $2.140 level and the trend line. The next major support is near the $2.120 level. If there is a downside break and a close below the $2.120 level, the price might continue to decline toward the $2.080 support. The next major support sits near the $2.020 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining 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 $2.120. Major Resistance Levels – $2.20 and $2.2120.

Ethereum price started a fresh decline and tested the $2,450 zone. ETH is now correcting losses and might aim for a move above the $2,620 resistance. Ethereum started a fresh decline below the $2,750 level. The price is trading near $2,575 and the 100-hourly Simple Moving Average. There was a break above a contracting triangle with resistance at $2,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $2,620 zone in the near term. Ethereum Price Corrects Losses Ethereum price started a fresh decline below the $2,750 and $2,620 levels, like Bitcoin. ETH price even traded below the $2,500 level and tested $2,440. A low was formed at $2,441 and the price recently started a recovery wave. There was a move above the $2,500 and $2,520 levels. The price surpassed the 23.6% Fib retracement level of the downward move from the $2,880 swing high to the $2,441 low. Besides, there was a break above a contracting triangle with resistance at $2,550 on the hourly chart of ETH/USD. Ethereum price is now trading near $2,575 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $2,585 level. The next key resistance is near the $2,620 level. The first major resistance is near the $2,660 level. It is near the 50% Fib retracement level of the downward move from the $2,880 swing high to the $2,441 low. A clear move above the $2,660 resistance might send the price toward the $2,720 resistance. An upside break above the $2,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,800 resistance zone or even $2,880 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,620 resistance, it could start a fresh decline. Initial support on the downside is near the $2,540 level. The first major support sits near the $2,500 zone. A clear move below the $2,500 support might push the price toward the $2,440 support. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,500 Major Resistance Level – $2,620

Bitcoin price started a fresh decline and tested the $103,200 zone. BTC is now recovering and might aim for a move above the $106,800 resistance. Bitcoin started a fresh decline below the $106,800 and $105,500 levels. The price is trading near $105,800 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $105,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it clears the $106,800 resistance zone. Bitcoin Price Recovers Bitcoin price started a fresh decline after it failed to clear the $110,000 resistance zone. BTC declined below the $107,000 and $106,000 support levels. The price even dipped below the $104,000 support level. Finally, it tested the $103,200 zone. A low was formed at $103,078 and the price is now recovering losses. There was a move above the 23.6% Fib retracement level of the recent decline from the $110,411 swing high to the $103,078 low. Besides, there was a break above a key bearish trend line with resistance at $105,000 on the hourly chart of the BTC/USD pair. Bitcoin is now trading near $105,800 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $106,000 level. The first key resistance is near the $106,750 level. It is close to the 50% Fib retracement level of the recent decline from the $110,411 swing high to the $103,078 low. The next key resistance could be $107,500. A close above the $107,500 resistance might send the price further higher. In the stated case, the price could rise and test the $108,000 resistance level. Any more gains might send the price toward the $110,000 level. Another Decline In BTC? If Bitcoin fails to rise above the $106,750 resistance zone, it could start another decline. Immediate support is near the $105,000 level. The first major support is near the $104,200 level. The next support is now near the $103,200 zone. Any more losses might send the price toward the $102,500 support in the near term. The main support sits at $100,000, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $104,200, followed by $103,200. Major Resistance Levels – $106,750 and $107,500.

Shiba Inu has seen a surge in burn activity, with the burn rate climbing by 3,194% in the last 24 hours. According to data from burn tracker Shibburn, over 521.6 million SHIB tokens were permanently removed from circulation during this period. This sudden and sharp rise in burn rate has raised optimism within the SHIB community, although the token’s price action is struggling with bullish sentiment. Large Transactions Dominate SHIB Burn Activity As shown by data from Shiba Inu’s burn tracking website Shibburn.com, the latest burn wave was dominated by a few large transactions. A notable contributor was the wallet address beginning with “0xdb6,” which alone facilitated burns totaling over 500 million SHIB across multiple transactions to the BA-1 burn address. One of its largest single burns reached 310,744,788 SHIB, followed closely by another 107,333,061 SHIB, and then another 103,276,575 SHIB. Other wallets also participated, including “0x28be” and “0x6176,” with each sending SHIB tokens into various burn addresses such as CA and BA-2. These contributions, although not on the same scale as the primary whale wallet, collectively helped elevate the day’s total burn count to over 521 million SHIB. Together, these burn events reflect a push within the Shiba Inu community to increase SHIB burns, which had otherwise been short of noteworthy burns in recent weeks. Despite Burn Efforts, SHIB Supply Still Faces Uphill Battle Although 521 million SHIB tokens is a significant figure for a single day, it barely makes a dent in the meme token’s vast circulating supply, which currently sits above 589 trillion SHIB tokens. This context relays the challenge faced by the current Shiba Inu tokenomics. Despite periods of aggressive burns like the one witnessed in the past 24 hours, the token’s massive supply continues to weigh on its long-term price appreciation goals. However, the spike in burn rate is still a positive signal, particularly from a sentiment standpoint, especially now that the Shiba Inu price is struggling with sentiment. With SHIB currently trading within a tight range between $0.00001225 and $0.0000119, more Shib burns in the rest of the new week could bode well for its price action moving forward. As of the time of writing, Shiba Inu is trading at $0.00001192, down by 1.7% in the last 24 hours. Despite the massive uptick in burn activity, market response is somewhat muted. However, there may be more happening behind the scenes. A Shiba Inu community member recently posted on the social media platform X, hinting that the project’s lead developer, Shytoshi Kusama, still has “several aces up his sleeve” for the Shiba Inu community. Although no further details were shared, past developments like the launch of Shibarium have influenced price trends. Hopefully, any new announcements could reignite interest and drive the Shiba Inu price token to new highs. Featured image from Unsplash, chart from TradingView

Bitcoin is at a crossroads again. Prices have been bouncing between $61,000 and $104,000 for about seven months. That range looks a lot like the $31,000–$64,000 sideways move before the sharp drop in early 2022. Traders and analysts are split over whether history is about to repeat itself or if fresh demand will keep Bitcoin aloft. Price Stuck In Familiar Range According to reports, Bitcoin’s stretch from $61k to $104k mirrors the 2020–2021 “distribution zone” when it traded between $31,000 and $64,000 for nearly a year. Back then, the slide came fast: Bitcoin peaked around $69,000 in November 2021, then sank to roughly $15,600 by November 2022. That was a nearly 78% plunge. Breakouts Keep Falling Flat Based on analysis from Michaël van de Poppe, Bitcoin tried and failed to stay above the $106k level this month. His chart showed a quick rejection at that barrier, triggering long‑side liquidations. The price slipped back to the $104k–$105k zone after the failed push higher. Traders see each unsuccessful breakout as a warning sign of distribution. Risk Of Steep Slide According to veteran trader Peter Brandt, strong fundamentals often shine brightest right before a market top. He pointed out that if today’s setup leads to a similar 78% drop from the $105k band, Bitcoin could fall toward $23,600. His simple math recalls last cycle’s move from around $69k down to $15,500. Growing Demand Meets Technical Barriers Based on reports of spot ETFs and growing buys by institutions and governments, some believe the floor is firmer now. Huge investment flows into Bitcoin have never been higher. Yet technical hurdles remain. The inability to clear $105k makes some analysts cautious. Long Term Signals Still Bullish Trader Tardigrade noted that Bitcoin’s 50‑day and 200‑day simple moving averages recently formed a golden cross. In past cycles, that pattern led to gains of 50%, 125%, and 65%. It points to a possible rally if buyers step in around current levels. What It Means For Investors Bitcoin’s tug‑of‑war between caution and optimism is clear. On one side, pattern watchers warn of a big drop if support breaks. On the other, strong hands from big players may cushion any slide and spark a rally. Investors should keep an eye on $104k–$105k for signs of weakness or strength. A break below could open the door to a move toward $23,500. Conversely, a clean break above $106k might signal the next leg up. Regardless, volatility looks set to stay high, so risk management remains key. Featured image from Imagen, chart from TradingView

Ethereum has been consolidating around the $2,500 price level over the past few days, showing little momentum in either direction. The second-largest cryptocurrency by market cap has struggled to sustain a breakout above the $2,600 resistance zone, despite the inflows into Ethereum Spot ETFs last week. One event that has sparked interest, and possibly concern, among Ethereum holders is the reactivation of a dormant whale wallet holding millions worth of ETH. The sudden awakening of this long-inactive address raises questions about a potential selling pressure and its market impact. First Transaction From Dormant ETH Address Since 2015 On-chain tracker Whale Alerts was the first to report the reawakening of a pre-mined Ethereum address that had been inactive for nearly a decade. According to the large on-chain transaction tracker, the wallet, which held 2,000 ETH, initiated its last transaction 9.9 years ago. When the wallet last moved any funds in 2015, the entire stash was worth just $620. Today, that same amount is valued at over $5 million, making the owner’s profit roughly 820x based on current prices. At Ethereum’s all-time high price of $4,878 in 2021, the cryptocurrencies reached an unrealized gain of 1573x. The alert by Whale Alerts, which noted the first transaction after 9.9 years, involved the transfer of 0.0001 ETH from the whale address “0xcF26” to address “0x2C12,” which is a newly created ETH address. However, Etherscan’s on-chain transaction data reveals that the whale address sent 500 ETH into the newly created address shortly afterward. Following the string of transaction data from Etherscan shows that these 500 ETH eventually made their way into address “0x28C6,” which is known to be owned and controlled by crypto exchange Binance. This means that the 500 ETH may have already been sold through the exchange or are currently being prepared for liquidation. Brace For Impact: Will The Remaining 1,500 ETH Be Sold? As of now, the original whale address still holds approximately 1,500 ETH, currently valued at $3.796 million. However, it opens up the question of whether the rest of the funds will also be sold. Although we cannot be sure of a planned full liquidation, the pattern of the 500 ETH transfer and the involvement of an exchange address indicate that the possibility cannot be dismissed. Right now, Ethereum is in a fragile price action around the $2,500 price level. If more ETH is offloaded by the whale, the added selling pressure could make it even harder for Ethereum to break out of its current consolidation phase, especially if there isn’t enough buying pressure to absorb the ETH sold off. At the time of writing, Ethereum is trading at $2,525. The past 24 hours were spent by Ethereum trading between $2,549 and $2,495. Featured image from Unsplash, chart from TradingView

In a recent market twist, XRP surged almost 600% between November 2024 and January 2025. Based on latest data, that rally made it the top performer among major cryptocurrencies during the US President Donald Trump-led market-wide upswing. According to market commentator John Squire, the real story is the seven years of setbacks that preceded this jump. “If patience was a crypto token, XRP holders would already be billionaires,” he said, pointing to the years of holding through crashes and legal fights. XRP Rallies As Markets Turn After a rough patch, XRP’s jump has caught many off guard. The coin rocketed from roughly $0.11 at the start of November 2024 to near $0.75 by the end of January 2025. Volume ticked up on most trading platforms, suggesting fresh money is pushing the price higher. Traders who stuck it out through years of mild gains and deep dips finally saw a payoff. Seven Years Of Price Struggles From March 2017 to January 2018, XRP shot up more than 68,000%, peaking at $3.84. Based on on‑chain data, that blistering run led to a brutal 97% slide by March 2020, when prices hit $0.1140. In November 2020, another bounce nearly doubled the price—but the US Securities and Exchange Commission lawsuit undercut that move, sending XRP down 67% in December 2020, its largest monthly loss ever. Holder Numbers Climb Amid Lawsuit Despite all that, the number of XRP holders kept growing. According to Santiment, about 986,000 wallets held XRP in January 2018. By December 2022, over 3.53 million new addresses had joined the network, pushing the total past 4.5 million. That surge of interest came even as many US and Canadian exchanges paused trading. It shows that newcomers and long‑time believers piled in while regulators and markets wrestled with the fallout. Recovery Faces Headwinds From Market Cycles While the latest rally is impressive, it comes against a mixed crypto backdrop. Bitcoin and Ethereum have shown uneven strength, and overall sentiment is cautious. Some traders warn that sharp gains can trigger profit‑taking events, especially if the wider market cools or if the SEC lawsuit sees new twists. Analysts Eye Bigger Gains Some voices in the space are setting high bars. Analyst BarriC recently said he isn’t satisfied selling at $2 after years of holding. His target? A lofty $100 for XRP. That would mean a market cap rivaling the biggest tokens today. Whether that happens depends on fresh adoption, legal clarity and broader crypto health. Featured image from inkl, chart from TradingView

With Solaxy ($SOLX) nearing the end of its presale stage, both anticipation for its listing and urgency among investors to grab the best altcoin at its lowest-ever price are higher than ever. Whale investors have gobbled up more than $500K worth of $SOLX tokens over the past 24 hours, taking Solaxy’s total presale raise to over $51M. Some of these include transactions worth $113K, $59K, and $58K. Keep reading to find out why the industry can’t keep their hands off Solana’s best crypto project yet and why buying the $SOLX presale now could be one of the smartest moves you make as a crypto investor. What’s the Hype About Solaxy? Solaxy is a new meme coin currently on presale, but it’s different from other meme cryptos in that it has a real-world application. It’s what the industry calls a utility token. $SOLX’s selling point is that it plans to restore Solana’s efficiency and performance by building the first-ever Layer 2 solution on the network. Despite its otherwise meme coin-tailored infrastructure, Solana was never designed to service a truckload of transaction requests at once. However, this is exactly what it has been asked to do ever since the launch of $TRUMP and $MELANIA, as well as other top trending cryptos. They flooded Solana with new investors. Thanks to Solaxy’s new L2, though, Solana’s mainnet will finally be able to breathe a sigh of relief. It will reduce the burden on the mainnet by offloading transactions onto a sidechain. As for the sidechain, think of it as an express lane on a busy highway (the L1), helping it service the extra traffic during peak hours. Optimizing Solana: Lower Fees Without Sacrificing Security In addition to creating a more scalable and efficient blockchain environment, Solaxy will also contribute to lowering investor costs on Solana. It will do so by bundling transactions into single, optimized batches. Essentially, this means that it will process multiple transactions in bulk rather than one by one, thereby lowering the cost per transaction. It’s also worth noting that Solaxy will revitalize Solana without compromising security. Its cutting-edge roll-up technology will validate the transactions on the network’s Layer 1. Solaxy’s Hyperlane Collaboration In its quest to ensure Solana occupies the center stage of the rapidly growing DeFi and Web3 space, Solaxy has joined hands with Hyperlane. Hyperlane, in case you didn’t know, is a Web3 infrastructure project that will help $SOLX make bridging (which means transferring tokens from one blockchain to another) between Solana and Ethereum easier, quicker, and more seamless. Developers, investors, and traders on Solana will, therefore, be able to transfer cryptos between Solana and Ethereum with as much ease as though they were using an everyday mobile app. And consider the enrichment this will bring to Solana and its users. Not only does Ethereum have a lot more liquidity than Solana, but it also has a huge network (over 10x that of Solana) of decentralized applications, with over 5K dApps live right now. Solaxy Presale: Your Last Chance at 11,200% Gains As mentioned earlier, Solaxy’s presale, which is currently ongoing (over $51M in funding as of now), has generated a lot of buzz among both crypto whales and retail investors alike. Solaxy’s presale officially kicked off in December 2024, with an initial per-token price of just $0.001. Through multiple presale rounds, however, one $SOLX currently stands at $0.00176. So, had you joined the best crypto presale while it was brand-new, you’d have already seen a nifty 76% increase in your investment. However, you can let bygones be bygones and make it up to your crypto portfolio by buying into the Solaxy presale now. According to our $SOLX price prediction, the token can reach a whopping $0.20 by 2030. This means you can eke out a brain-melting 11,200% return (calculated from current prices) on your investment. Here’s the most important piece of information, though: Solaxy’s presale ends in less than 24 hours from now, so this is really your last chance to grab potentially the next crypto to explode before…it explodes. Real Utility, Big Ambitions, and a Limited-Time Offer Backed by real utility, a Hyperlane partnership that promises to make it more than just a scaling tool, and bold price forecasts, Solaxy ($SOLX) could be crypto’s next big thing. Don’t sit this one out; invest in Solaxy before the presale ends tomorrow. One token is currently selling for just $0.00176. However, bear in mind that investments in crypto are highly risky. This article isn’t financial advice, and we urge you to do your own research before investing.

Bitcoin is still trying to regain short-term bullish momentum, as shown by its price action in the past 24 hours. After briefly slipping below $104,500, the cryptocurrency bounced back to trade above $106,000, and technical analysis now shows a technical formation that could cause the start of a more extended rally. Interestingly, as seen in the daily Ichimoku chart shared by analyst Titan of Crypto, Bitcoin is currently on the verge of confirming a golden cross, which is a bullish signal, within the coming days. Ichimoku Cloud Builds Case For Bullish Breakout Taking to the social media platform X, crypto analyst Titan of Crypto highlighted the recent daily price close above the Tenkan line as a strong technical signal for Bitcoin. The Tenkan, also known as the conversion line, is an intriguing indicator for short-term trend strength in Ichimoku analysis. According to the analyst, the current setup on Bitcoin’s daily chart shows the conditions aligning for a golden cross where the shorter-term average overtakes the longer-term one, which is a potential long-term bullish shift. This crossover, if confirmed, would be one of the most reliable trend-reversal patterns in technical trading. Right now, Bitcoin’s price action is consolidating around $105,000. However, if this golden cross does play out well, Bitcoin could attempt another run toward the key resistance level around $111,600. However, current geopolitical instability, especially the rising tensions in the Middle East, could disrupt this technical picture at any moment and cause a reassessment of the bullish outlook. Image From X: Titan of Crypto Support And Whale Activity Clash With Bullish Setup Despite the bullish technical backdrop, other market signals are flashing warnings for Bitcoin. Notably, analyst Ali Martinez identified $104,124 as an important support level for Bitcoin. This price point is not just arbitrary, as it represents a heavy concentration of UTXO realized prices. Many investors bought in at that level, and if Bitcoin falls below it, the next likely destination could be $97,405. The URPD chart confirms that the safety net between $104,000 and $97,000 is somewhat thin. This means that once $104,000 is breached to the downside, a swift and steep correction could follow due to the lack of strong buying interest in that gap. Image From X: Ali_charts Further complicating the picture is the behavior of large Bitcoin holders. On-chain data shows that some of the biggest whales, addresses holding over 1,000 BTC, have started reducing their holdings in recent days. This decline in whale wallet count initially began shortly after Bitcoin reached its new all-time high of $111,800 on May 22. The reduction in whale count resumed again after Bitcoin was rejected at the $110,000 region early last week. Image From X: Ali_charts As such, whale addresses holding over 1,000 BTC have fallen from a recent peak of 2,114 to a recent reading of 2,094 addresses. At the time of writing, Bitcoin is trading at $105,505. Featured image from Unsplash, chart from TradingView

Novagold Resources (TSX: NG) is pressing ahead with an updated feasibility study for its Donlin Gold project in Alaska now that Barrick Mining (TSX: ABX; NYSE: B) is no longer involved, CEO Greg Lang said. Vancouver-based Novagold and US hedge fund billionaire John Paulson agreed in April to jointly buy Barrick’s 50% stake in Donlin for $1 billion. The transaction, which closed June 3, boosts Novagold’s stake to 60% while giving Paulson a 40% interest. Paulson paid Barrick $800 million, while Novagold paid $200 million. “We are fully aligned with Paulson that the next step for Donlin is to break out of this deadlock we were in with Barrick and move forward with updating the feasibility study,” Lang told The Northern Miner in an interview Wednesday. “As the 60% owner, it’s incumbent upon us to chart a path forward and begin [the update] – an activity that Barrick, for a variety of reasons, was not able to commit to.” Located in southwest Alaska’s Kuskokwim gold belt, Donlin is expected to become one of the biggest producers of the yellow metal in the Americas. It has proven and probable reserves of 504.8 million tonnes grading 2.1 grams per tonne gold for contained metal of about 33.9 million oz., according to a recent slide presentation posted on the company’s website. ‘Out of date’ Novagold wants to pick an engineering firm this year to freshen up the study, which was released in 2011. “The last look at the feasibility study was many years ago. It’s certainly out of date,” Lang said. Updating the document will take around two years and cost about $80 million, Lang said. Assuming Donlin’s owners decide to build the mine, construction and engineering would require another four years – meaning that production would start early next decade. Using a spot gold price of $3,000 per oz. and a discount rate of 5%, Donlin has a net present value of $15.2 billion, Novagold says on its website. Capital costs Initial capital costs for the project are estimated to be $7.4 billion – though Lang admits the updated study will probably push that figure higher. “We’re cautious, conservative people and we realize there has been inflation in projects in the industry,” he said. “We want to factor those into our estimates on the capital that will be required to build the mine.” Donlin has the potential to produce 1.1 million oz. annually over 27 years at cash costs in the lower half of the industry’s cost range, Novagold says. Annual production would average 1.5 million oz. over the first five years. Exploration potential Extensive exploration potential remains at depth in the pits, according to the company. A 35-year industry veteran, Lang spent 10 years at Barrick –including a stint as president of the miner’s North American unit – before joining Novagold in 2012. His former employer’s newfound focus on copper is one of the reasons the feasibility study for Donlin wasn’t updated earlier, he says. “Very simply, Barrick is pivoting hard toward copper. They’ve even changed their name,” he said, alluding to the company’s decision to drop “Gold” and replace it with “Mining” last month. Domestic energy boost Donlin, which has already secured key federal permits and is awaiting final state permits, stands to benefit from the Trump administration’s focus on natural resource development, Lang said. Novagold’s CEO is particularly encouraged by the possibility that a new pipeline could be built to bring natural gas to the Cook Inlet area. Using US gas instead of imports would bolster the case for the mine by lowering costs, he said. “Donlin is absolutely non-partisan, but what is happening with some of the executive orders is frankly bullish for [us],” he said. “One of the most important things under consideration is bringing gas down into the Cook Inlet. We would not be importing gas, we would have gas delivered to our pipeline in the Cook Inlet. That would be quite substantial savings to Donlin. One of the biggest costs of operating a gold mine is the power.” Gold rally continuing? As a gold industry CEO, Lang is naturally bullish on the metal’s prospects – even after witnessing multiple all-time highs since the start of the year. Sustained central bank buying and shrinking mine output are two of the factors feeding his optimism. “All the forces that have driven gold prices up are very real, they’re very long term, and they will continue. Gold will move higher in the coming years, not lower,” he said. Even from a supply and demand perspective, the gold price should rise, Lang said. “The fundamentals are there for gold to continue to touch new records,” he said. “At Novagold, we’re long-term bullish on gold and we anticipate we’ll see higher prices by the time the feasibility study is completed. It wouldn’t surprise me if in two years’ time, we see gold at $5,000 an ounce.”

Geopolitical Crises and Market Psychology Israel-Iran War: What Markets Should Fear the Most One common trait of geopolitical or financial crises is that markets tend to price in worst-case scenarios in the early stages. As events evolve, investors begin to reassess the true scale of the threat. It can take days, weeks, or even months before financial markets find a bottom. But typically, once the worst-case scenario is factored in, the impact of ongoing news diminishes. However, not all situations allow for such clarity. The unfolding Israel-Iran conflict presents one such case, where both geopolitical instability and economic risks are at play, making it especially difficult for markets to evaluate and price outcomes accurately. The Economic Risk Markets Cannot Ignore While geopolitical implications dominate the headlines, it’s the economic risks, particularly those tied to global oil supply that pose the greatest threat to markets. The fear isn’t merely conflict; it’s the disruption to the fragile energy supply/demand balance..\ Disruption to Iran’s Oil Facilities Iran is a major oil producer, pumping approximately 3.3 million barrels per day (bpd) and exporting around 2 million bpd. Any targeted strikes on Iran’s oil infrastructure, such as recent reports of Israeli attacks on key facilities could severely disturb this supply. It has only been a few days anmd there are reports of Israel attacks on Iran’s oil depots and a major gas field. Even a partial reduction in Iran’s exports would shake the delicate suppl/demand balance in global energy markets. Given the market’s sensitivity, oil prices could surge rapidly, stoking globalinflationary fears. Closure of the Strait of Hormuz The more catastrophic outcome nd one markets fear the mosis the potential closure of the Strait of Hormuz. This narrow waterway is the world’s most critical oil chokepoint, with roughly 20 million bpd, or one-fifth of global oil consumption, passing through daily. A closure, even a temporary on, would likely send oil prices skyrocketing to $100–$150 per barrel or beyond. This kind of energy shock would reverberate through every major economy, triggering: Higher inflation A potential global recession Risk-off sentiment in financial markets The Black Swan Risk: A Global Tailspin This scenario qualifies as a black swan event, a rare and unpredictable situation with severe consequences. The closure of the Strait would not just spike oil prices; it would also risk escalating the conflict, as global powers may be forced to intervene to reopen trade routes and protect energy interests. At that point, markets would no longer be responding to simple supply-demand implications but to the risk of broader fallout. A Risk Beyond Geopolitics The bottom line is the Israel-Iran war is not just a regional flashpoint. It has the potential to deliver a blow to an already fragile global economy that is still dealing with ngoig trade tensions, inflationary pressures, and uneven post-COVID recovery. What Should Investors Watch For? Oil price trends — especially any spikes beyond $80/barrel Shipping traffic in the Strait of Hormuz Threats from Iran about retaliation or escalation Military attacks near oil infrastructure Emergency diplomatic summits involving OPEC or other nations If Iran begins to signal desperation, such as actively threatening to close the Strait, it becomes nearly impossible for markets to price in a worst-case scenario in advance. That is what makes this conflict especially dangerous. XTIUSD (WTI) CFD CHART Watch $80 as a key area and $80-$100 as a key zone . Free Trial of The Amazing Trader – Click HERE Become a member of Global Traders Association – FREE – Click HERE

The Bitcoin market continues to react negatively to rising geopolitical tensions between Israel and Iran which has induced a wave of concern in the financial markets. Notably, the premier cryptocurrency has entered a consolidation movement between $105,000 – $106,000 following slight, after prices crashed to below $103,000 on Friday. Meanwhile, prominent analytics company Glassnode has shared some valuable insight into the Bitcoin market dissecting the growth of the current bull cycle so far. Bitcoin Demand Matches Maturation Rate In an X post on June 14, Glassnode draws comparisons of Bitcoin price growth in the present market cycle to previous ones. Notably, the crypto market cycle is a recurring four-year period marked by consecutive phases of accumulation, a bull market, distribution and a bear market. In the last two cycles i.e 2015-2018 and 2018-2022, Bitcoin achieved price gains of 1076% and 1007%, respectively, significantly multiplying its market cap. For the current cycle from 2022 till date, Bitcoin’s prices have now grown by 656%. While this figure is far off previous cycles, Glassnode reports that it’s a commendable achievement considering the premier cryptocurrency’s maturation in the past four years marked by an exposure to institutional investors and a $2 trillion valuation. Generally, assets are expected to produce little exponential growth with continued price growth. This can be seen with gold only achieving an estimated 192% growth over the past 10 years. Therefore, Glassnode notes that Bitcoin’s 6x market gain since 2022 is highly positive development that reflects a sustainable market demand even as the asset’s market cap grows. Bitcoin Market Overview At the time of writing, Bitcoin continues to trade at $105,540 following a slight 0.20% gain in the past 24 hours. Meanwhile, the asset’s daily trading volume is down by 35.39% representing significant fall in market participation. Interestingly, reputable analytics firm Sentora reports the Bitcoin network weekly fees fell by 3.31% following recent negative political events coupled with an already uncertain market sentiment. Meanwhile, exchange inflows also grew by $2.4 billion indicating a significant amount of investors are looking to distribute their holdings while the premier cryptocurrency struggles to re-establish a bullish price direction. Notably, since establishing a new all-time high at $111, 891 on May 22, the maiden cryptocurrency has experienced a significant price correction with prices dipping as low as below $101,000 amidst a host of negative micro-economic events. However, the prevailing sentiment among Bitcoin investors remains bullish according to Coincodex data with the Fear & Greed index at 63 to reflect a solid level of Greed.

The price of Bitcoin has managed to stay afloat over the past few days despite the growing conflict in the Middle East and the ensuing bearish pressure. The premier cryptocurrency continues to hover around the $105,000 level, with its value down by merely 0.8% in the past week. According to the latest on-chain data, the Bitcoin price might not be down for too long, as investors seem unbothered by the rising tensions between Israel and Iran. Below is what the BTC investors have been up to since the military action started in the past week. BTC Investors Still Holding On To Their Assets: Analyst In a Quicktake post on the CryptoQuant platform, a pseudonymous on-chain analyst, CryptoMe revealed that the Bitcoin market has remained relatively quiet despite the ongoing geopolitical events. The relevant indicators here are the Bitcoin exchange netflow and Open Interest. To start, CryptoMe analyzed the BTC Exchange Netflow, which measures the difference between Bitcoin sent to and withdrawn from centralized exchanges. Typically, this metric helps to gauge the selling pressure on a particular cryptocurrency (Bitcoin, in this scenario). Given that one of the services offered by exchanges is selling, exchange inflows are often considered a bearish signal for the Bitcoin price. However, CryptoMe noted that there has been no significant change in Netflow, meaning that investors are not looking to offload their assets. The on-chain analyst also highlighted the Open Interest on centralized exchanges, which estimates the amount of capital flowing into a cryptocurrency at every given time. CryptoMe attributed the reduced Open Interest to the liquidated long positions following the price correction. The crypto pundit added: But when we look at the bigger picture, Open Interest still looks strong, and investors are still keeping their positions open FOR NOW despite all the WAR news. Furthermore, CryptoMe mentioned the Bitcoin Open Interest on the Chicago Mercantile Exchange (CME), where institutions and speculators trade. The analyst noted that while some positions were closed and the Open Interest dropped after the event, there has still not been any significant exit movement on the CME. Ultimately, the absence of major movements into centralized exchanges suggests that the investors are not in panic mode yet. While most positions on Bitcoin derivatives are still open at the moment, there is no telling what will happen if the war tension escalates further. Hence, investors might want to approach the market with caution over the next few days. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $104,760, reflecting an almost 1% decline in the past 24 hours.

The Ethereum price has not been able to maintain its red-hot start to the year’s second quarter, with the altcoin’s value still pretty much around where it was at the start of June. This sluggish performance comes despite the consistent capital inflows witnessed by the US-based spot Ethereum exchange-traded funds (ETFs) in the past four weeks. ETH ETFs Snap 19-Day Positive Inflow Streak However, this positive record came to an end on Friday, June 13th, with the spot ETH ETFs registering their first net outflow in the past 20 days. According to the latest market data, the crypto-linked financial products posted a total daily net outflow of $2.14 million to close the week. This round of withdrawals could be linked to the escalating tensions between Israel and Iran on Thursday evening, with risk assets like crypto and stocks feeling most of the impact. Data from SoSoValue shows that the Fidelity Ethereum Fund (with the ticker FETH) contributed to most of the withdrawals on the day, recording a net outflow of $8.85 million. Grayscale’s Ethereum Mini Trust (ETH) was the only other fund that recorded any significant activity, posting a positive net inflow of $6.67 million on Friday. Cumulatively, the activities of these two exchange-traded funds led to a negative outflow day, ending the 19-day positive inflow streak. Nevertheless, this single-day performance barely made a dent in the Ethereum ETFs’ record over the past week, which stands at $528.12 million. This significant performance extends the exchange-traded funds’ weekly streak to five consecutive weeks of positive inflows — registering a total capital influx of $1.384 billion in that span. Ethereum Price And Growing Spot ETF Demand As seen with Bitcoin and its spot ETFs, the Ethereum price tends to react to the activity of the ETH exchange-traded funds investors. As such, periods of significant capital inflows for the spot ETFs have been correlated with upward price movements for the cryptocurrencies. However, the price of Ethereum didn’t exactly follow this trend during its recent 19-day period of substantial capital inflows. This positive streak started on May 16, with the Ethereum price ranging between the $2,500 and $2,600 region on the day. While the altcoin’s price has exceeded this level since then, it has not been able to mount a sustained upward run. Recently, the Ethereum price broke above the $2,800 level on Thursday, June 12, before crashing down towards $2,500 due to the military actions in Asia. As of this writing, the price of ETH stands at around $2,511, reflecting an over 1% decline in the past 24 hours. With the Ethereum price still pretty much where it was at the start of the positive ETF inflow streak, there is a worry about what could be holding back the second-largest cryptocurrency.

Ethereum is trading at a critical juncture after intense volatility rocked the broader market following renewed conflict in the Middle East. After pushing above the $2,800 resistance earlier this week, ETH bulls appeared to regain control. However, the price action failed to hold above that level, pulling back sharply and signaling hesitation among market participants. This retracement comes as macroeconomic and geopolitical tensions rise, particularly after Israel’s strike on Iran triggered widespread risk-off sentiment across global assets. Ethereum, often seen as a high-beta asset, has not been immune to the turbulence. Despite this, it continues to hover near important technical zones, maintaining the potential for a larger move in either direction. Top analyst Big Cheds weighed in on the situation, highlighting a notable technical pattern: ETH is flexing another small body with an upper shadow on the weekly chart. This suggests indecision and potential weakness at the top, although the structure is not yet fully compromised. The next few daily candles could be pivotal in defining Ethereum’s short-term trend. Bulls must reclaim $2,800 with conviction to re-establish momentum, while further downside could open the door for a deeper correction toward previous consolidation zones. Ethereum Holds Range As Market Awaits Next Move Ethereum has lost over 15% since last Wednesday, retracing from local highs near $2,830 and falling back into the trading range that has held since early May. Despite the drop, ETH remains structurally intact, still respecting the broader consolidation zone. However, price action continues to stall below the $2,770 resistance, keeping traders and analysts split on the next move. Some market participants believe Ethereum could ignite the next altcoin season if it manages to break above its current range with conviction. A decisive close above $2,800 could reestablish bullish momentum and signal capital rotation from Bitcoin into ETH and broader altcoins. Others remain cautious, pointing to weakening momentum, global instability, and a failure to sustain support as early warning signs of a potential breakdown below the $2,500–$2,550 area. Adding to the analysis, Cheds shared a technical perspective showing that Ethereum’s weekly chart is printing yet another small-bodied candle with an upper shadow. This structure is consistent with what he sees as a “pre-tower top” setup — a pattern that often precedes heightened volatility or a reversal. It highlights the market’s current hesitation and the ongoing battle between buyers and sellers. Macroeconomic conditions are not helping either. Rising US Treasury yields continue to pressure risk assets, while ongoing geopolitical turmoil—especially the escalating conflict between Israel and Iran—adds another layer of volatility and fear across financial markets. ETH Struggles To Hold Breakout Ethereum is trading at a critical juncture after failing to hold the breakout above the $2,770 level. The chart shows ETH slipping back into its prior range, with price now testing support around $2,530 after a sharp intraday decline. This move follows a failed breakout attempt, as the price was rejected near the 200-day moving average, currently acting as dynamic resistance just below $2,650. The volume spike on the recent sell-off confirms strong bearish interest, increasing downside pressure. ETH is now sitting close to the lower end of a trading range that has persisted since early May. A decisive break below $2,500 could open the door for a drop toward the 50-day moving average near $2,380. This would put Ethereum on a path to retest earlier consolidation levels. On the upside, bulls must reclaim the $2,650–$2,770 resistance zone and establish a higher low to revive bullish momentum. Failing to do so will likely keep Ethereum range-bound or push it lower amid ongoing macroeconomic and geopolitical uncertainty. Featured image from Dall-E, chart from TradingView