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Bitcoin’s recent price action has shown signs of fading momentum three weeks after reaching a new all-time high of $111,814. The leading cryptocurrency climbed back above $110,000 on Monday off the back of cooling U.S. inflation data and a temporarily weaker dollar. However, the rally was short-lived. Profit-taking, compounded by geopolitical tensions between Israel and Iran, has contributed to a risk-off environment that pushed Bitcoin down below $105,000 in the past 24 hours. This sharp reversal highlights a significant technical level that could decide whether Bitcoin sustains its uptrend or enters a crash towards $94,000. Final Fibonacci Resistance Holding The Line According to a new analysis shared by pseudonymous crypto analyst XForceGlobal on the social media platform X, Bitcoin’s current corrective structure could deepen if it fails to overcome the 88.6% Fibonacci resistance level. The analyst highlighted that the bullish impulse that carried Bitcoin now appears to be losing steam. The price zone around $110,500, which is marked by the 88.6% Fibonacci resistance, has not been convincingly breached, casting doubt on the strength of the current wave structure. Bitcoin tested this level twice earlier this week, and, as noted by the analyst, if this resistance level fails to break soon, there is a slight possibility of a deeper pullback. If this pullback does occur, this would lead to the formation of a corrective wave C, and with distinct symmetry in an ABC corrective pattern. In this case of the corrective Wave C playing out, the next central area of interest lies around the $94,000 level, an area that aligns with the completion of a larger impulse Wave 2. Wave 2 Dip To $96,000 Before Bullish Wave 3 Begins The rundown of a corrective Wave 2 and a bearish impulse Wave 2 is based on the outlook of Bitcoin failing to clear the 88.6% Fibonacci resistance at $110,000. Applying the Elliott wave count on the current price action shows that the recent push to $111,814 all-time high was a larger bullish impulse Wave 1. However, the ensuing correction since then has also played out in the form of a sub-wave 123 structure, and an ABC corrective pattern. Altogether, these are expected to make up a larger corrective impulse Wave 2. Nevertheless, XForceGlobal noted that Bitcoin is still in a highly bullish structure on the macro level. If the price action plays out this way, the next move after the impulse Wave 2 to $94,000 would be a reversal upwards with bullish impulse Wave 3. In this case, the analyst projected an expansion move that would send Bitcoin to another all-time high. Notably, the price target in this case would be a surge above $118,500. At the time of writing, Bitcoin is trading at $105,000, down by 2.5% in the past 24 hours.

Condor Resources (TSXV: CN) says its Cobreorco project in central Peru has passed an “important” permitting milestone following the approval of its environmental impact statement, moving the project closer to the drilling stage. The permitting process is being carried out by Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), which entered the project in late 2023 through an option and joint venture agreement with Condor. Under that agreement, Teck can earn a 55% interest in Cobreorco over three years following the permit issuance by spending $4 million on exploration and paying another $500,000 in cash. The Canadian miner would also take over technical, social and environmental programs at Cobreorco. Upon exercising this option, the companies will then form a joint venture, after Teck can increase its stake in the project further to 75% by spending an additional $6 million in exploration and making another cash payment of $600,000. “We are very pleased to have reached this important milestone with Teck,” Condor’s CEO Chris Buncic commented. “Projects of this scale and quality are exceedingly rare, and we are only at the beginning of what we believe will be an exciting journey with our partner.” The EIS approval from the Peruvian Ministry of Energy and Mines represents the first key step to obtain surface drilling permits for the project. Dialogue with two local communities remains ongoing to complete the process. Shares of Condor Resources gained 10% to C$0.11 by midday Friday, taking its market capitalization to C$16.5 million ($12.1 million). Porphyry-skarn system The Cobreorco property, located in the province of Andahuaylas, is host to several porphyry and skarn-related copper and gold deposits that are exposed in outcrops and small-scale artisanal workings within a 2-sq.-km area. Condor entered the project in 2018 by winning a sealed bid auction to the first 1.7 sq. km of the property. Over the subsequent years, it accumulated more land through staking, bringing the project area to a total of 50 sq. km. Meanwhile, the company has conducted several sampling programs on the property. An analysis showed that a third of the channels tested contained more than 1,000 ppm copper, and nearly half contained at least 100 ppb gold. A drone-supported magnetic survey was done in 2020, and the initial review of the data suggests the presence of two potential intrusive systems that correlate with exposed surface copper-gold porphyry and skarn outcrops. The results of the magnetic survey sampling and analysis demonstrate a substantial target of 2.5 km in lateral extent and potentially very shallow, similar in geometry to the Tintaya mine owned by Glencore about 300 km to the southeast, Condor said. Condor’s geologists also compared the mineralization to that at Las Bambas, the large copper porphyry with skarn overprinting 50 km to the east.

Ethereum faced intense selling pressure earlier today as geopolitical tensions flared following Israel’s attack on Iran, shaking global markets and triggering risk-off behavior across crypto. The sudden spike in volatility pushed Ethereum away from its recent highs, as it retraced after failing to break above the critical $3,000 resistance level. This marks a pivotal moment for ETH, which had shown strong momentum in recent sessions before being hit by the broader market downturn. Despite the sharp correction, top analyst Quinten Francois remains optimistic. He pointed to the ETH/BTC pair, which continues to look strong relative to other assets. According to Francois, this pair is currently testing the support line of an ascending triangle—a pattern that often precedes a breakout to the upside if support holds. With Bitcoin holding near its range highs, Ethereum’s performance against BTC could serve as a leading indicator for the broader altcoin market. Now, Ethereum stands at a crossroads. A bounce from current levels could renew bullish momentum and re-establish the $2,800–$3,000 range as the launchpad for higher prices. But failure to hold support may trigger another wave of downside pressure. All eyes are on ETH/BTC as markets brace for what comes next. Ethereum Holds Key Level Against BTC Ethereum has been leading the crypto market with impressive strength since April, posting a remarkable surge of over 100% from its lows near $1,400. This steep recovery highlights Ethereum’s growing momentum, positioning it as a potential frontrunner in triggering the next altseason. The asset’s consistent performance above key support levels and its resilience during market dips have renewed bullish sentiment, with traders increasingly focusing on ETH as the key asset to watch. Many analysts believe Ethereum could be the spark that reignites capital rotation into altcoins. Its breakout from a month-long range, combined with increasing DeFi activity and improving on-chain metrics, has added to the bullish case. However, caution remains. Ongoing geopolitical tensions—particularly the recent escalation between Israel and Iran—are injecting volatility into global markets, including crypto. These developments have disrupted otherwise promising technical setups across the board, leading to uncertainty and risk-off sentiment. Quinten Francois commented on the current climate, noting that “some charts don’t look good, others are holding on by a thread.” However, he singled out the ETH/BTC pair as a relative strength signal, stating that it “still looks good.” This pair is currently testing the support line of an ascending triangle—a structure that, if defended, could pave the way for a continuation of ETH’s dominance over Bitcoin. In this environment, Ethereum’s performance—especially relative to BTC—could determine the broader market’s next phase. If ETH/BTC holds and breaks higher, the door opens for a full altseason run. But a failure to hold could reinforce caution and signal a pause across the crypto market. For now, Ethereum remains the most important chart to watch. ETH Faces Sharp Rejection After Tagging Range Highs Ethereum is facing a crucial technical test after a strong rejection near the $2,830 resistance level. The chart shows ETH failing to hold above the highlighted supply zone between $2,700 and $2,830, where sellers stepped in aggressively. This resulted in a sharp breakdown that sliced through the 50, 100, and 200 simple moving averages (SMAs) on the 4-hour timeframe, now positioning ETH around $2,512. What’s more concerning is the spike in volume during the breakdown. This confirms the strength behind the move, signaling panic among bulls and potential distribution by short-term holders. ETH is now holding just above a previous support zone from early June, but the current setup suggests uncertainty and risk of further downside. Unless Ethereum can reclaim the $2,600–$2,620 area soon, the next likely target could be the $2,400 level, where the next strong demand cluster sits. However, if bulls defend current prices and manage a quick recovery back above the SMAs, this recent move could be interpreted as a liquidity sweep before continuation. Featured image from Dall-E, chart from TradingView

Market movements during risk-off events can be particularly challenging for traders, underscoring the critical need for thorough preparation, both in terms of chart levels and mental fortitude, to effectively navigate this volatility. US stock indices are currently paring their overnight declines, though prices have yet to reclaim their previous day's highs. This rebound follows the release of better-than-expected University of Michigan consumer sentiment data, which came in at 63 against an expectation of 53.5 (up from last month's 52.2 reading). Notably, year-ahead inflation expectations were revised down significantly, from 6.6% last month to 5.1%. In the commodities complex, Oil and Natural Gas are consolidating at higher levels, though off their overnight peaks. WTI crude, after surging by as much as 10.85% in the overnight session, has since seen a correction. Broader energy commodities are currently trading with gains of approximately 5% on the session. Gold although off its overnight highs, hasn't corrected as much as other assets. The precious metal, which in the past few weeks is the best instrument to measure market sentiment, is trading around 3,420 as we speak. 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.

Gold extended its rally on Friday as investors fled to the precious metal following Israel’s attack on Iran, re-igniting fears of a broader conflict in the Middle East. Spot gold gained as much as 1.8% to $3,446.86 per ounce, the highest since its record-setting rally in mid-April. By 10:45 a.m. ET, it had pared some gains, up 1.5% at just under $3,436 an ounce. Meanwhile, US gold futures added 1.6% to trade at $3,456.10 an ounce in New York. According to Daniel Pavilonis, senior market strategist at RJO Futures, the Israeli strike on Thursday evening caused “a little bit of geopolitical scare” in the market. “Prices will stay elevated in the anticipation of what is to come, the retaliation by Iran,” he predicted. “The risk of Iranian retaliation, including threats to US bases, adds to the uncertainty and supports haven flows,” Charu Chanana, a strategist at Saxo Capital Markets, told Bloomberg. With the gains, gold is now nearly $60 shy of its all-time high of $3,500.05 an ounce. The yellow metal has rallied more than 30% this year, as investors turned to the safe-haven metal as a hedge against economic uncertainty and geopolitical risks. Friday’s move higher extended a two-day gain for bullion, as weak US inflation and jobs data fueled bets that the Federal Reserve will lower interest rates later this year. “With markets already on edge and risk sentiment deteriorating, gold is likely to stay bid as a hedge — not just against conflict risk, but also a possible spillover into inflation and volatility,” Saxo’s Chanana said. “Gold is probably the best thing that we added to our portfolios in the middle of last year,” Mark Andersen, co-head of global asset allocation at UBS Switzerland AG. “It’s both helping us when we see rising tensions in the Middle East like today, but also weighing against debt fears, inflation fears, etc.” Goldman Sachs recently reiterated its forecast that structurally strong central bank buying will elevate gold prices to $3,700 by the end of 2025 and $4,000 by mid-2026. Bank of America also sees a path toward $4,000 over the next 12 months. (With files from Bloomberg and Reuters)

According to CNBC’s Power Lunch, Galaxy Digital CEO Mike Novogratz thinks Bitcoin could climb all the way to $1 million per coin if big institutions keep piling in. The cryptocurrency hit a weekly peak of $110,290 on Tuesday. It slipped 4.5% to $104,300 by Thursday, but it’s still climbed 1.75% over the past seven days. Novogratz says this isn’t just hype. He points to firms moving cash from dollars and gold into crypto. Institutional Moves Up Demand BlackRock’s iShares Bitcoin Trust (IBIT) went live in January 2024 after SEC approval. Based on reports, that fund now gives big investors a straightforward path to own Bitcoin without buying coins directly. BlackRock manages about $11.6 trillion in assets. When a player that size steps in, others notice. Novogratz says wealth managers and pension funds have started treating Bitcoin like a macro asset, on par with gold and the S&P 500. Growing Corporate Interest Treasury companies are adding Bitcoin to their balance sheets. Sovereign wealth funds have begun to follow suit. Retail investors keep buying, too, thanks to easier trading apps and ETFs like IBIT. A handful of public companies have raised millions to buy Bitcoin outright. According to filings, Metaplanet, the Blockchain Group, GameStop, and US President Donald Trump’s Media arm all announced major purchases this year. Their moves chip away at the 21 million-coin supply, making each remaining Bitcoin scarcer. Bitcoin Versus Gold Bitcoin’s 21 million supply cap is hard-wired into its code. Gold, by comparison, has a market worth north of $12 trillion and sees about 1–2% new supply each year through mining. Novogratz argues that younger investors will choose a capped digital asset over a metal bar. That switch isn’t guaranteed, but once people see Bitcoin as a store of value, its appeal could grow. At today’s $2 trillion market cap, Bitcoin has room to expand many times over if it ever rivals gold. Challenges Ahead Regulators remain a wildcard. The SEC green-lit IBIT, but future rules on taxes or derivatives could slow things down. Bitcoin’s price swings make it riskier than bonds or gold. Institutions often chase stable returns, and Bitcoin pays no dividends or interest. Finally, moving another $10 trillion into crypto would need a massive shift in asset allocations. That kind of inflow isn’t impossible, but it won’t happen overnight. Based on reports, Novogratz sees Bitcoin’s march toward gold’s market cap as a “ball rolling down a hill.” He predicts that, over time, Bitcoin will match gold and then outpace it. Featured image from Imagen, chart from TradingView

The evolving role of the US Dollar as a Safe-Haven While the US Dollar has not consistently acted as a primary safe-haven currency since the beginning of 2025, it remains crucial to observe where major players turn to secure their funds during periods of acute market distress. As a brief reminder, safe-haven assets are those that attract significant demand during economic downturns, banking crises, or major geopolitical turmoil. Capital typically flows into these assets, reducing exposure to market risks. This category includes assets like Gold and sovereign bonds, such as US Treasuries. The increased demand for these bonds, particularly during flight-to-safety events, drives their prices up and yields down, which can also trigger the unwinding of carry trades. 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.

The 2025 State of Crypto Summit, hosted by Coinbase, is a landmark event. Held in New York City, it brought together over 400 leaders from finance, tech, and regulation. The summit’s focus was on shaping the future of cryptocurrency, with key announcements and discussions on industry trends. Several significant announcements emerged from the summit, from Coinbase’s newly introduced One Card to regulatory clarity for future trading, aligning with Coinbase’s strategy to expand and integrate the Base ecosystem with traditional financial systems. Regulatory Clarity and Future Trading: A critical discussion point was regulatory clarity, with 90% of Fortune 500 executives agreeing it’s essential for innovation. GENIUS Act, or the stablecoin bill, was also mentioned as a potential step forward. It is reported that Coinbase plans to launch CFTC-compliant perpetual futures trading in the US. This will expand its derivatives offerings while ensuring regulatory compliance, a move announced during the summit. DISCOVER: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Major announcements from the 2025 State of Crypto Summit. What to expect next? The post The Future of Money by Coinbase: 2025 State of Crypto Summit Reveals Game-Changing Moves appeared first on 99Bitcoins.

The XRP price could be preparing for its biggest rally yet, as a crypto analyst now points to a potential breakout that could send this altcoin soaring. After weeks of stabilization and momentum building, XRP is now testing key resistance levels, with the daily timeframe hinting at a possible surge above $2.33. XRP Price Gears Up For Major Breakout Dark Defender, an X (formerly Twitter) crypto analyst, has revealed in a recent analysis that XRP appears to be setting the stage for a significant price shift, with its daily chart signaling a possible upward breakout. After weeks of consolidation below a descending trendline, the altcoin is now approaching a critical level that could become the trigger point for rapid momentum growth, if confirmed. Currently, the daily timeframe shows XRP testing a long-term downtrend line that has consistently rejected upward movements since early 2025. This resistance level, marked clearly on the analyst’s chart, hovers just above $2.3. Dark Defender has indicated that a daily candle close above $2.33 could effectively invalidate the downtrend and signal a breakout that may lead to further upside. Notably, the analyst’s 1-day XRP price chart shows an explosive move toward a new high of $3.39—a level not seen since the 2018 bull cycle. With XRP currently trading at $2.1, a successful rally to this bullish target would represent an impressive 61.43% surge in value. Such a move would not only break XRP out of its current consolidation phase but also confirm the emergence of a sustained uptrend. Moreover, if momentum persists, it could set the stage for even higher price levels. RSI And EMA Signals Defend XRP’s Bullish Thesis Supporting Dark Defender’s technical analysis and bullish scenario for the XRP price is a rising Relative Strength Index (RSI), which has broken above a descending trendline and continues to trend upward. This shift suggests that XRP is building momentum as buyers finally regain control. Additionally, the analysis shows that price action remains above key Exponential Moving Averages (EMA), which are beginning to curl upward, signaling that the market trends could be turning in favor of the bulls. Although the Ichimoku Cloud technical indicator is not visible on the chart, Dark Defender notes that it is expected to flip bullish soon, further reinforcing XRP’s bullish thesis. Combined with the support held above the 200-day EMA, highlighted by the blue line on the chart, XRP appears to be entering a favorable technical zone. If price action aligns with the analyst’s projected setup and manages to hold candle closes above $2.33, it could mark the beginning of a stronger uptrend. Dark Defender also notes that “XRP’s slingshot pressure” is intensifying rapidly, further boosting the potential strength of the upcoming bullish wave.

Should we sell before the weekend? Bitcoin stumbled to $103,900 before rebounding to $105,000 as news broke of Israeli airstrikes hitting Iranian nuclear and missile facilities, including those in Tehran. The escalation marks one of the most direct confrontations in years. Prime Minister Netanyahu declared that the strikes won’t stop “until Iran’s nuclear ambitions are completely dismantled.” Israel just nuked my alts. How do I report a war crime? More importantly, is a retaliatory strike going to destroy your net worth over the next two days? BitcoinPriceMarket CapBTC$2.09T24h7d30d1yAll time Sell Before the Weekend? Bitcoin Reacts to Heightened Geopolitical Uncertainty Markets don’t wait for missiles to land. As Israel strikes Iranian nuclear and missile sites, Bitcoin tumbled to $103,162 before clawing back slightly, still 2% in the red over the past 24 hours. The message was clear: global investors are bracing for escalation, dumping risk as war drums beat louder. Prime Minister Netanyahu doubled down, calling the campaign “vital to Israel’s survival.” “This operation is vital to Israel’s survival. We are systematically targeting Iran’s nuclear and missile infrastructure to eliminate the threat.” Israeli airstrikes on Tehran, deemed unlikely on Polymarket just days ago, wiped out bullish positions across prediction markets. Now the real gamble is whether we’ll fall further. Iran’s prior assault didn’t result in Israeli casualties, but this time, it’s different. Tehran was hit directly, marking a dangerous new phase in the conflict. In crypto terms it might be time to keep the dry powder dry. The risk-on appetite is gone, and any talk of an altseason looks postponed for now. EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress DISCOVER: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Should we sell before the weekend? Bitcoin stumbled to $103,900 before rebounding to $105,000 In crypto terms it might be time to keep the dry powder dry. The post Sell Before The Weekend? Bitcoin Slides to $103,900 Amid Escalating Tensions Between Israel and Iran appeared first on 99Bitcoins.

The Hash Ribbon “buy” trigger – a signal embedded in Bitcoin’s network hashrate dynamics – has flashed again, and technical analyst Astronomer Zero believes it could pave the way to at least $170,000 per coin. A chart the analyst posted on X on 12 June overlays every prior weekly‐time-frame Hash Ribbon entry since 2020 on the BTC/USDT perpetual contract at Binance, illustrating why the signal is treated with almost talismanic respect by some quantitative traders. Bitcoin Surge To $170,000 Imminent? The graphic shows five earlier occurrences of the capitulation-to-recovery crossover embedded in the Hash Ribbon algorithm. Each is marked on the price pane by a cobalt-blue “Buy” dot directly beneath the weekly candles and linked to the ensuing rally by a violet measuring arrow. After the signal in late-2020, Bitcoin accelerated by 235% from the $18,000 consolidation floor to challenge the then-all-time-high zone just above $60,000 before any major pull-back unfolded. Mid-2021’s ribbon event proved more modest – roughly 59% from a $30,000 base into resistance near $48,000 – yet it still respected the rule that the market rewards the crossover with significant upside. The next two signals, printed in late-2022 and early-2023, were far stronger: a 260% surge from the capitulation trough below $18,000, followed by a 175% leg in mid-2023 that carried price cleanly to the long-standing supply shelf in the $60,000 area. In mid-2024, the hash ribbon signal led to a 100% rally above $100,000. Most recently, the ribbon crossed again three weeks ago, with Bitcoin quoted at roughly $105,000 on the weekly close. The analyst annotates current price at $106,873 and draws a fresh horizontal barrier at the $160,000–$165,000 band – the level that would align with the mean magnitude of earlier post-signal advances. Were the market merely to match the smallest historical percentage move (≈ 60%) from the present crossover, spot would extend to the $170,000 region indicated in crimson on the chart. Hash Ribbon logic is mechanical. When the 30-day moving average of network hashrate climbs back above the 60-day average after a period of miner capitulation, on-chain observers read it as an all-clear that forced selling pressure has exhausted. In the past, that transition has coincided with aggressive spot accumulation visible on-chain and in derivatives positioning. Sceptics will note that correlation is not causation and that a six-figure quote for Bitcoin already bakes in ETF inflows, a looming halving supply shock and a global liquidity cycle that could yet tighten. Still, Astronomer Zero’s chart underscores an objective fact: in the last half-decade the Hash Ribbon “buy” has never mis-fired. Whether history’s rhythm repeats or merely rhymes, traders are watching the $170,000 level marked on the chart as the next test of that record. At press time, BTC was down 3.1% over the past 24 hours, trading at $104,898.

At Dutch Blockchain Week 2025, Thierry Baudet, the face of the Forum for Democracy (FvD), charted an ambitious roadmap for a blockchain-driven future. His vision cuts out conventional banking systems, offering instead a financial ecosystem untethered from state control. From directly handling salaries in crypto to streamlining everyday purchases, Baudet painted blockchain as more than innovation—it’s a revolution in how people engage with their money. BitcoinPriceMarket CapBTC$2.09T24h7d30d1yAll time Championing Freedom at Dutch Blockchain Week Baudet’s presence at Dutch Blockchain Week, held from May 19 to 25 in Amsterdam, sent a strong message that crypto is more than a speculator’s game. “I want to support the community—from programmers to startups,” Baudet declared. “Blockchain can free people from central banks and government control.” Yet, the question remains whether the vision aligns with Europe’s strict regulatory landscape. Baudet called on both politicians and startups to advance the crypto space. “Stop seeing crypto as gambling or crime,” he urged, describing it as an opportunity to propel the Netherlands forward. His advice to startups was equally clear. “We need companies like Monflow connecting crypto to everyday life,” he emphasized. DISCOVER: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways At Dutch Blockchain Week 2025, Thierry Baudet, the face of the Forum for Democracy (FvD), charted an ambitious roadmap for a blockchain-driven future. Yet, the question remains whether the Netherlands can become a crypto capitol with Europe’s strict regulatory landscape. The post Thierry Baudet’s Crypto Vision Sparks Debate at Dutch Blockchain Week appeared first on 99Bitcoins.

One of the longest-running lawsuits in the crypto landscape could potentially come to a close as both parties seek to settle their disputes. Ripple and the US Securities and Exchange Commission (SEC) have jointly proposed to settle their $125 million civil penalty. According to the court filings shared by Fox Business journalist Elanor Terett on 12 June 2025, both parties have sought to settle Judge Analisa Torres’s final judgment before the 16 June deadline. The court filings suggest that both parties have asked a Manhattan court to release the $125 million held in escrow and to also dissolve the previously issued injunction. As per the proposal, the SEC would be paid $50 million while the rest ($75 million) would be returned to Ripple. This is the second settlement attempt by the parties after Judge Analisa Torres rejected their first motion to settle on 15 May. During the hearing, she stated, “If jurisdiction was restored to this Court, the Court would deny the parties’ motion as procedurally improper.” Explore: Best New Cryptocurrencies to Invest in 2025 Key Takeaways Ripple and the SEC have jointly proposed to settle their $125 million civil penalty According to the settlement proposal, the SEC will receive $50 million and Ripple $75 million This is their second settlement attempt after Judge Analisa Torres rejected their first motion to settle on 15 May The post Ripple and the SEC File a Joint Motion to Settle the $125M Lawsuit appeared first on 99Bitcoins.

US Treasury Secretary Scott Bessent told lawmakers that dollar-pegged stablecoins could swell to more than $2 trillion in the next few years. He spoke at a Senate hearing this week. His outlook came as Congress moved to set new rules on how these tokens must be backed. Growth Forecast Details According to Bloomberg, Bessent said a leading industry group expects the stablecoin market cap to top $2 trillion. He called that view “very reasonable.” It would mean backing up to $2 trillion in tokens with US Treasury Bills. Based on reports, Citigroup analysts think issuers might buy an extra $1 trillion in those bills by 2030. Backing Rules Move Forward Lawmakers voted to advance a key amendment to the GENIUS Act, which would force stablecoin issuers to hold reserves in top-tier assets. The amendment won cloture yesterday. That clears the way for a final vote, likely early next week. Supporters say the change will boost confidence by ensuring every dollar-linked token has real backing. Market Size Today Right now, the total stablecoin market sits at about $255 billion. Dollar-pegged coins make up roughly $233 billion of that. That equals 90% of the whole market. The top nine dollar-pegged coins include USDT, USDC, USDe, DAI, USD1, FDUSD, PYUSD, TUSD, and USDD. They account for nearly all stablecoin activity. Challenges Ahead Regulators have work to do. If the GENIUS Act stalls or changes, issuers might head to friendlier markets. There’s also a risk that a handful of big players could dominate. That could create new “too big to fail” worries if a major issuer faces trouble. Plus, tech glitches and smart-contract bugs could still trigger runs on tokens. If stablecoin use really takes off in cross-border payments and decentralized finance, the US dollar could win new fans overseas. Every $1 trillion in token issuance backed by Treasury Bills might add to demand for US debt. But the path isn’t guaranteed. Lawmakers must iron out rules that balance safety with innovation. Issuers need strong risk plans. And users must see clear benefits beyond speculation. For now, the market is small compared with the broader financial system. But the shift toward programmable money keeps pace. Featured image from Sygnum Bank, chart from TradingView

After hitting $110,450 on Monday, the Bitcoin price is writing its third consecutive red day as the benchmark cryptocurrency fell 5.3% from an intra-day top of $108,450 to a trough of $102,664 before clawing back to about $104,456 by press time. The sell-off coincided, almost minute-for-minute, with confirmation that Israel had conducted large-scale air-strikes on Iranian nuclear installations, sending ripples through every major asset class. Why Is Bitcoin Going Down Today? Israel’s pre-dawn operation — its first overt attack on Iranian territory since the October-2024 raids — instantly repriced global risk. Oil futures jumped more than 10%, spot gold printed a fresh record high above $3,400 an ounce, and US equity futures slid roughly 1.5%. Bitcoin’s draw-down resembled its initial reaction to Iran’s failed missile barrage on Israel in April. “Oil up. Gold up. Bitcoin down,” Anthony Pompliano wrote on X, noting that the pattern echoes April’s missile incident, after which “Bitcoin ended up outperforming the other two over the first 48 hours.” Bitcoin educator Peter Duan argued in a separate post that “a dip in Bitcoin happens every time there is serious geopolitical [turmoil] … In the long run, this will only push more people to Bitcoin,” pointing to the 24/7 nature of crypto trading versus the still-closed equity cash markets. Macro strategist Joe Consorti drilled down on the mechanics: “Bitcoin, S&P and NDX are all being panic-sold. Crude oil, natural gas, gold and US Treasuries are all spiking higher. The flight to safety trade is here.” A fresh surge in crude is precisely what US policymakers did not need. West Texas Intermediate vaulted past $77 a barrel—its first visit to that level in four months—after Israel struck Iranian nuclear facilities, erasing much of the hard-won disinflation dividend and dragging energy back to centre stage. The contract is now more than $21 above its April trough, threatening to unwind the benign price trends that had been taking hold. This comes after US inflation data once again surprised to the upside this week. May’s Consumer Price Index rose just 0.1% on the month and 2.4% year-over-year, while core CPI matched that modest 0.1% gain and held at 2.8% on an annual basis. Producer prices told a similar tale on Thursday, with the headline PPI up only 0.1% month-over-month and 2.6% on the year, both below consensus expectations. Lower fuel costs had been a cornerstone of President Trump’s strategy for reining in inflation; the renewed march higher in oil now threatens that narrative. If energy continues to climb, markets will anticipate a rebound in headline inflation and the Federal Reserve may feel compelled to postpone the rate-cut cycle traders had pencilled in for September. Bitcoin, which is acutely sensitive to fluctuations in global liquidity, often underperforms when the policy outlook tilts toward tighter financial conditions—explaining its abrupt slide alongside the spike in crude. The newsflow triggered one of the heaviest forced-liquidation washes of 2025. CoinGlass data show that roughly $1.14 billion in crypto futures positions were wiped out over the past 24 hours, $1.04 billion of which were longs, as 236,788 traders were forced out of the market. The single-largest hit was a $201 million BTC-USDT long on Binance, the biggest one-ticket liquidation since January. For Bitcoin alone, long-side liquidations totalled $443 million. For the entire crypto market, this is the worst wipe-out since the post-tariff rout of February 3, when $1.25 billion was liquidated across the complex.

Canada’s Dundee Precious Metals (TSX: DPM) is acquiring UK-based Adriatic Metals (LON: ADT1) in a cash-and-stock deal worth $1.25 billion, marking the latest in a wave of foreign takeovers targeting British companies. The deal gives Dundee control of Adriatic’s flagship Vareš silver-zinc mine in central Bosnia, along with the Raška zinc-silver project in Serbia. Already active in the Balkans, Dundee sees the new assets as a strategic fit that will expand its production pipeline and diversify cash flow. “The Vareš is a logical fit with our portfolio, and adds near-term production growth and mine life, a highly prospective land package, and cash flow diversification,” chief executive officer David Rae said. Adriatic shareholders will receive 268 pence per share, made up of 93 pence in cash and 0.1590 new Dundee shares. The offer represents a 50.5% premium to Adriatic’s closing price of 177.8 pence on May 19, the last trading day before it confirmed takeover talks with Dundee. After completion of the transaction, Dundee shareholders will hold about 75.3% of the combined mining company, with Adriatic shareholders owning 24.7%. Dundee has secured voting support from Adriatic directors and major shareholders representing 37.2% of Adriatic’s shares. Adriatic CEO Laura Tyler said Vareš remained on track to become a low-cost producer, supported by a high-grade deposit, long mine life and strong exploration upside. Tyler and chief financial officer Michael Horner will exit after the deal closes, and all Adriatic directors will step down. Tyler and CFO Michael Horner will step down following the completion of the deal, with all Adriatic directors set to leave the board. The merged company will keep its global headquarters in Toronto, while Adriatic’s UK office will shut down. Adriatic shares surged on the news, trading 4% higher in London mid-afternoon at 250.5 pence each, lifting the company’s market value to nearly £862 million ($1.2 billion). The deal caps a week of intense dealmaking in London, reflecting growing foreign interest in UK-listed assets.

Crypto exchange Coinbase announced that it will launch its Coinbase One Card later this fall. To be offered in partnership with American Express, the card will provide up to 4% Bitcoin cashback, and zero trading fees (with a spread for the first $500 traded per month), among other goodies. According to the Coinbase One Card website, you can sign up for early access, and you’ll be notified when they start receiving applications. There are also no foreign transaction fees, and you can repay your balance using your linked bank account or crypto on Coinbase. Given the current context of increased current adoption, payment solutions like these are becoming the norm. And This puts Best Wallet’s planned Best Card in a great position to capitalize on the growing demand for crypto cards used in real-world transactions. Shopify to Start Accepting $USDC Payments Meanwhile, eCommerce platform Shopify teamed up with Coinbase and Stripe to allow shoppers to pay with the $USDC stablecoin. This option will become available in 34 countries in the coming weeks. This will be a boon to Shopify merchants as well, as they will be able to receive stablecoin payments in their preferred local currency directly in their bank accounts. Big Tech to Adopt Crypto Too Shopify isn’t the only tech company eyeing greater crypto adoption. Big names in the industry like Google, Meta, and Apple are also in talks with crypto firms about stablecoin integration. When these discussions finally come to fruition, we expect more and more people to adopt crypto. Imagine average folk using digital currencies to pay for their next iPhone, buy an app in the Google Play Store, or purchase a Facebook ad—that’s the kind of future we may have soon. And trailblazing that future is Best Wallet with its upcoming Best Card for crypto payments. With the Best Wallet Token presale supercharging the entire ecosystem with lower fees, this non-custodial wallet will more than likely become a central hub for new adopters. Best Card: Best Wallet’s Answer to the Growing Crypto Payment Cards Market Aside from Coinbase and Shopify, Best Wallet is also determined to grab its slice of the crypto payment pizza pie by offering real-world convenience through its Best Card. With it, you can use crypto to pay for basic amenities like your morning coffee or your next shopping spree. While Best Card isn’t live yet, the Best Wallet ecosystem is already feature-rich. The non-custodial crypto wallet lets you buy buy, sell, and swap coins, and even access the best crypto presales via its Token Launchpad. And the Best Wallet Token ($BEST) takes that to an entirely new level. For one, you’ll enjoy lower transaction fees across the ecosystem, get higher staking rewards, and vote on key decisions on Best Wallet. The $BEST token is available at the official Best Wallet presale page. It’s currently priced at $0.025175, but with a price increase happening in less than two days, it’s best that you act as quickly as possible. Our Best Wallet Token buying guide has all the details you need to grab the tokens. You can also stake your tokens for a 105% APY, giving you a source of passive income. The staking APY may still change as more investors lock in their tokens in the pool, though. HODLing $BEST tokens may also be a good idea if you’re banking on the project’s appreciation in a few years. According to our Best Wallet Token price prediction, $BEST could grow to $0.07 in 2030, or a 211% increase from its initial presale price. Easy Crypto Payments are Coming to a Store Near You With the growing crypto adoption staring everyone in the face, the emergence of crypto payment solutions like Best Card or Coinbase’s One Card is expected. It’s only a matter of time before regular folks start storing crypto and using these cards for everyday purchases. In this sense, Best Wallet’s Best Card is perfectly positioned to capitalize on this trend, especially if you hold its native Best Wallet Token ($BEST). With lower fees and exclusive access to presales (alongside benefits for the coming Best Card), it’s the perfect starting point for any crypto newcomer. But if you’re considering buying crypto, always ensure that you do your own research. Remember that the crypto market is highly volatile, so only invest money that you can afford to lose.

Overview: Israel attacked Iranian nuclear enrichment site and apparently targeted scientists and top Revolutionary Guard leadership. Reports suggest that that no increase in radioactivity has been detected. The US quickly indicated that while it was informed of the attack, it did not authorize it. President Trump did warn of a possible strike, but the press reports made it seem as if a strike was not imminent. The dollar is stronger against all the G10 currencies and most emerging market currencies; However, the gains have been limited, and some will question the dollar's safe haven status. Equities are heavier, with most European bourses off 1.0-1.5%, while US index futures are off the equivalent. Asia Pacific bourses were off by less. Bond markets have not benefitted. European 10-year benchmark yields are mostly 2-4 bp higher. The 10-year US Treasury yield is off a single basis point to near 4.35%. Gold, which the ECB estimated earlier this week to have replaced the euro as the second most important reserve asset after the dollar, is up a little more than 1% in late European morning turnover near $3386. July WTI is up about 7.5% near $69. USD: Israel's strike on Iran has seen the Dollar Index recoup yesterday's losses that had seen it fall to a new three-year low in early North American turnover yesterday near 97.60. However, it has not been able to take out yesterday's high near 98.50, which will lead to talk about it losing its safe haven status, but strong conclusions will require some time. For release today, only the preliminary University of Michigan's consumer sentiment is due. A small improvement in confidence and a slight decline in inflation expectations are expected. In the tightening cycle, Fed Chair Powell pointed to the University of Michigan survey and sometimes, even the preliminary report; now, less so. The NY Fed's survey has not been as alarmist. Another way to get a handle on inflation expectations is derived from the market, such as the difference between yield on conventional instruments and the inflation-protected securities. The one-year breakeven, for example, is near 2.50%, the low for the year. The 5-10 year breakevens are a couple of basis points around 2.30%. EURO: The euro reached roughly $1.1630 in early North American dealing yesterday. It has not been this high since October 2021. It settled above it its upper Bollinger Band yesterday but was sold to about $1.1510 on Israel's strike and has held above yesterday's low near $1.1485. The eurozone industrial output fell sharply in April (-2.4%) and the trade surplus was halved to 14 bln euros (from a record surplus of nearly 29 bln euros in March). This is broadly consistent with the return to a slower growth trajectory after the 0.6% quarter-over-quarter expansion in Q1 25, which matched the strongest growth since Q2 22. However, the median forecast in Bloomberg's survey anticipates growth slowing to 0.1% in Q2 25 and Q3 25. The swaps market has slightly more than a 10% chance of a rate cut next month, but it rises to almost 60% for the September meeting, 75% for the October meeting, and it is nearly completely discounted before the end of the year. CNY: The broadly weaker US dollar was threatening to end the yuan's consolidative phase. The greenback was turned down on Wednesday after briefly trading north of CNH7.20. It fell back toward CNH7.1715 yesterday. The broad but modest dollar gains lifted the greenback to almost CNH7.19 today. The PBOC set the dollar's reference rate lower for the fourth consecutive session (CNY7.1772) and below CNY7.18 for the first time since April 1. China reported May lending figures that were in line with expectations. Early Monday, it will release May real sector data. The economy appears to continue to struggle to extend momentum. JPY: The dollar was turned back on Wednesday after setting a new high for the month near JPY145.45. It reached almost JPY143.20 yesterday. The dollar initially fell to around JPY142.80 a new six-day low today on Israel's strike but recovered to almost JPY144 in the in the European morning. After becoming de-coupled from US 10-year yield, the traditional driver, the rolling 30-day correlation is rising, and slightly above 0.40, it is at highest in about two months. Last week, Japan's 0.7% annualized contraction in Q1 was revised to a more modest -0.2%. Still, Q2 has begun off poorly. Earlier today, Japan revised down April's 0.9% contraction in industrial output to -1.1% and the tertiary industry index (services) may eked out a modest 0.3% gain (after March's 0.3% decline was revised to -1.0%). The BOJ meets next week, but despite the firm inflation readings, seems to be in no hurry to raise rates. Indeed, the focus may not be on interest rate policy but on the BOJ's bond purchases. The BOJ has slowed its bond purchases, but this may have contributed to the volatility of the long end of the curve. It will reportedly consider making smaller reductions from the current pace of JPY400 bln (~$2.8 bln) a quarter. Some think the pace could be halved to JPY200 bln. At the end of March, the BOJ's balance sheet was about 118% of GDP, the smallest since May 2020. It peaked in 2022 near 133% of GDP. GBP: Sterling set a new three-year high yesterday near $1.3625. The gains were despite weak jobs data and an unexpectedly large contraction in April's GDP, which boosted confidence of a rate cut in August (not next week). It made a marginal new high earlier today, slightly above $1.3630 before selling off to take out yesterday's low by about 1/100 of a cent (according to Bloomberg pricing). Sterling's weakness, however, is evident against the euro, where it has fallen to new lows since early May. The euro reached almost GBP0.8550, which corresponds to the (50%) retracement of the euro's losses since the April 11 high near GBP0.8740. It is consolidating today. CAD: After reversing lower on Tuesday from around CAD1.3730, the greenback fell to CAD1.3600 yesterday, its lowest level since last October. and dipped briefly below it in early trading before Israel's strike. It recovered to about CAD1.3650 before consolidating. Canada reports manufacturing and wholesale sales and capacity utilization figures. These do not capture the attention of the market, even in the best of times. Next week's highlights include April portfolio flows and retail sales. The swaps market has a little more than one cut discounted by the end of the year, which is currently seen as the end of the easing cycle. AUD: The Australian dollar recovered from an eight-day low in early European turnover yesterday (almost $0.6475) to reach the $0.6535 area in the North American afternoon. Israel's military operation drove it to nearly $0.6455. It has subsequently recovered almost $0.6500 and is consolidating in the European morning above around $0.6480. MXN: After falling to its lowest level since last August on Wednesday (~MXN18.9120), the greenback consolidated yesterday between approximately MXN18.8560 and MXN18.98. The peso is one of the only emerging market currencies that trades 24-hours a day. It is sometimes, therefore used as a proxy for other emerging market currencies, especially in a risk-off event. The dollar spiked to around MXN19.08 but is hovering now near MXN19.00. In the recent past, such spikes were not sustained. Meanwhile, the above 4% inflation reported for May appears to have spur some disagreement about the central bank's leadership. Deputy Governor Heath argued for a pause, while Governor Rodriguez continued to advocate for a 50 bp cut. The central bank meets on June 26. A compromise might be a 25 bp cut and that is what the swaps market appears to be discounting as the most likely scenario. Disclaimer

The Bitcoin price has suffered a violent rejection after hitting the $110,000 level, showing a clear intention of the bears to keep the digital asset from hitting new all-time highs. So far, the rejections from $110,000 have been swift and have put the bears back in control. This has given credence to calls that the Bitcoin price will fall back below the psychological level of $100,000, something that could trigger another wave of declines in the crypto market. Bitcoin Rejection At $110,000 Part Of The Plan? The Bitcoin price rejection has no doubt triggered a wave of panic among investors, many of whom believe that this is the end of the cycle. However, a crypto analyst has suggested that the pullback is part of the larger plan as the largest cryptocurrency by market cap moves on its way to new all-time highs. In the analysis, they explain that the digital asset is currently at a point where it is undergoing significant distribution, and this will explain the decline in price. The pullback in and of itself is no cause for alarm, as minor corrections after major surges are normal. In addition to this, there is a lot of accumulation going on as Bitcoin moves from the hands of old investors into the hands of new investors at a higher cost basis. The accumulation is expected to move Bitcoin into the next bullish wave. This bullish wave is the next step in the trend as the BTC price moves into place for the next price surge. Once the volume moves upward as expected, then the asset’s price is expected to follow in succession. BTC Price Could Hit $130,000 Target After Breakout Going by the analyst’s chart shared on the TradingView website, the Bitcoin price correction is not expected to last for long. Mainly, holding the $107,000 support becomes paramount at this level as this could set the launchpad point for the next bullish impulse. The completion of the accumulation phase puts the next breakout level as high as $130,000, which would be an over 20% increase from the current level. However, this may not be the end as the crypto analyst has set a swing target for as high as $150,000. As for the timeline for when this could happen, the crypto analyst places a long-term target for the end of the year 2025. But there is also the possibility that the trend would be completed sooner and the Bitcoin price could reach its target and new all-time highs before the year runs out.

Polygon plans to pivot, focusing on the PoS and AggLayer with leadership from CEO Sandeep Nailwal. POL has been dragging lower as Ethereum layer-2 solutions like Base and Arbitrum increase in TVL. Ethereum is inherently less scalable, making it impossible to run a Facebook-like dApp without users incurring thousands in fees and congesting the network. Polygon, an Ethereum sidechain, recognized this early and built a scaling solution for users and developers seeking low fees and high scalability while enjoying all that Ethereum had to offer. As a sidechain, it is scalable, interoperable with Ethereum, and secure, running its nodes. Over the years, the sidechain has attracted billion-dollar dApps in DeFi, NFTs, meme coins, and more. Top DeFi players like Uniswap run on the platform Additionally, Polymarket, a popular predictions market platform, is anchored on Polygon and could see further growth after recently partnering with X to become the social media network’s official predictions market. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in June 2025 Is POL Falling as Polygon Fades? Despite Polygon’s ambitious roadmaps and development efforts, POL has struggled, trending lower over recent months. After rebranding from MATIC to POL in early September, with added utilities, the token has failed to reach all-time highs and remains mostly in the red. According to Binance data, POL is currently trading at $0.19, down nearly 50% from its rebranding listing price of $0.38. After peaking at $0.75 in late 2024, POL fell to $0.15 by April 2025, an 80% decline from Q4 2024 highs. (POLUSDT) Falling Bitcoin, Ethereum, and Solana prices may have dragged the broader crypto market lower, impacting POL. However, despite their ambition and aggressive development, POL appears less attractive to investors and traders. DISCOVER: 20+ Next Crypto to Explode in 2025 Sandeep Nailwal Takes Over as CEO of the Polygon Foundation On June 11, 2025, the sidechain made changes to break free from stagnation and refocus efforts. Sandeep Nailwal, the co-founder of Polygon, was appointed CEO of the Polygon Foundation, signaling a pivot toward speed and focus. In a post on X, Nailwal said the platform now needs a “clear direction,” and that means “stepping up.” With Nailwal at the helm, the goal is to execute a streamlined roadmap. To accelerate progress, the Polygon Foundation will focus on core initiatives: Polygon PoS and the AggLayer. Other projects, including Polygon zkEVM, will be deprecated. Per the Polygon 2.0 roadmap, the AggLayer facilitates trustless, cross-chain communication across protocols. Polygon plans to release AggLayer v3.0 by the end of June 2025, with more interoperability features in Q3 2025. Meanwhile, Polygon PoS will be upgraded under the Gigagas roadmap, targeting over 1,000 TPS with sub-second finality, with testnet results already showing promise. The long-term goal is to achieve over 5,000 TPS. Can The Sidechain Catch Up, or Is It Too Late for POL? While Polygon’s strategy is bold, clearly outlining its value proposition, the question remains: Are these changes too late? Polygon was once Ethereum’s leading scaling platform, but it has lost ground. In the layer-2 wars, Base and Arbitrum have taken the lead. Their architecture, which routes transactions off-chain, aligns more closely with Ethereum 2.0’s vision. With Vitalik Buterin emphasizing the importance of layer-2s for Ethereum’s scalability, these platforms are attracting more liquidity and developers, especially after the Dencun upgrade, which targeted layer-2 improvements. Arbitrum alone boasts a TVL of $13.8 billion, more than 13X that of Polygon at just $1 billion. (Source) To reclaim its position, Polygon must make bold changes and align more closely with Ethereum’s evolving ecosystem. DISCOVER: Best New Cryptocurrencies to Invest in 2025 – Top New Crypto Coins Polygon Has A New Plan: Will POL Rise From The Ashes? Polygon has been losing its shine after Ethereum layer-2 became popular Sandeep Nailwal is taking over as the CEO of the Polygon Foundation The focus will be on the AggLayer and PoS Will POL recover and breach above 2024 highs? The post Polygon Has a New Plan: Is It Too Late for POL? appeared first on 99Bitcoins.

Despite failing to break out of its downtrend, ONDO could be preparing for a surge above the $2 barrier. Some analysts suggest it could repeat its 2024 playbook if it continues to hold its current levels. ONDO Breakout Eyes $2 ONDO, the native token of the tokenized real-world asset (RWA) platform Ondo Finance, is attempting to reclaim a key area amid the market pullback. Notably, the cryptocurrency has struggled to hold the $1 mark since losing the area as support over three months ago. In December, the RWA token hit its all-time high (ATH) of $2.14 after US President Donald Trump’s crypto venture, World Liberty Financial (WLFI), purchased 134,216 ONDO tokens for 250,000 USDC. This propelled ONDO’s price above the $2 barrier for the first time, but the late 2024 and Q1 2025 corrections halted its bullish momentum, sending its price to the $0.60-$0.70 range. Following the late April market recovery, ONDO’s price reclaimed the $0.85 area and broke out of its multi-month downtrend. The cryptocurrency then hovered between the $0.85-$1.10 levels throughout May, hitting a three-month high of $1.13 nearly a month ago. Since then, the token has been in a one-month downtrend, dipping below its local range after the recent market pullback. However, the cryptocurrency has been attempting to reclaim this range for the past week, hitting a one-week high of $0.92 on Wednesday. Crypto analyst World of Charts highlighted the token’s performance, affirming, “after a long correction, Finally Looking Good For Midterm.” As ONDO attempts to reclaim the $0.90 area, the analyst anticipates that the cryptocurrency will soon break out of its current range and the downtrend line, forecasting a 130% rally toward the $2 barrier. 2024 ATH Repeat Coming? On Thursday, analyst Sjuul from AltCryptoGems noted ONDO’s performance over the past year, asserting, “Not sure there are many other charts looking as good on high time frames like ONDO.” He explained that “The King of RWA” is “basically holding a bullish structure since its launch,” making a series of higher lows for over a year while maintaining its ascending support trendline. Meanwhile, analyst Alex Clay suggested that ONDO could see a parabolic run based on its performance in 2024. The market watcher noted that the token is currently accumulating at the bottom of a 15-month ascending channel, which previously served as a crucial bounce point for its rally toward its ATH. As Clay explained, after reaching the channel’s upper boundary last year, ONDO saw a multi-month downtrend toward the lower boundary, before printing a higher low. This was followed by a massive rally toward the channel’s top. This year, ONDO is “following the Bullish Fractal from the previous year” after falling to the channel’s lower boundary, breaking out of the downtrend line, and registering a higher low. “These 2 reasons are more than enough to pump straight up to the channel’s top,” the analyst concluded. If history repeats, the cryptocurrency could surge toward the $2.8-$3 area. At the time of writing, ONDO trades at $0.84, a 5.2% decline in the daily timeframe.

The Bitcoin price continues to decelerate as the crypto market shows signs of weakness due to macroeconomic factors. The top crypto by market capitalization has been testing critical support levels and is at risk of falling deeper into its monthly lows. At the time of writing, the Bitcoin price trades around $104,000 recording a 2.5% drop over the past 24 hours. Other cryptocurrencies show greater weaknesses on similar timeframes with Ethereum and XRP displaying a 8% and 4% drop, respectively. Bitcoin Price Alert, Key Levels To Watch According to top crypto analyst Daan Crypto, the Bitcoin price has been trading within a narrow window after losing the range high located at $108,385. While the cryptocurrency has been able to withstand the sell-off, the analyst drew important levels to watch. As seen on the chart below, and according to the analyst, the Bitcoin price is likely to stay on its bearish course and potentially touch the mid area of its current range. This price action would put BTC at around $99,600 in the coming days. If buyers can’t hold the sell pressure around this level, then BTC is more than likely to keep bleeding into its range low of $90,000. This bearish price action, the analyst clarified, would become the norm for the rest of June. Daan Crypto stated the following regarding the Bitcoin price action: Quick move after that which was obviously “helped” by the headlines although the news was looming already with the past 48 hours of headlines which is also why price started selling of prior. I’ve said it a couple of times before but I’ll say it again. Bulls had no business going back down below $108K and I’m treating this as another deviation and move back into the larger range. This is reason enough for me to be cautious and not add on exposure that was derisked (…). In this context, the analyst advised his followers to wait for clear confirmation that the bull trend is returning if Bitcoin can retake its range high around the previously mentioned level. Otherwise, the best course of action is to remain cautious. Optimism Fades as Bitcoin Aims for Lower On a separate note, trading desk QCP Group noted that the biggest risk for Bitcoin and the crypto market comes from the rising tensions between the US and China, and the growing tensions in the Middle East. However, the trading desk pointed at several items to show that there are still good news hinting at a potential recovery in the digital asset market. These included the spike in Ethereum ETFs inflows, the potential launch of a Solana ETF, and GameStop’s plan to offer $1.7 billion in convertible notes to allocate money into Bitcoin as the company looks for “balance sheet diversification.” Cover image ChatGPT, BTC/USD chart from Tradingview

On-chain data shows Ethereum has just witnessed its largest daily withdrawal in over a month, a sign that may turn out to be bullish for the asset’s price. Ethereum Has Recently Seen Notable Exchange Outflows As explained by the institutional DeFi solutions provider Sentora (formerly IntoTheBlock) in a new post on X, a large amount of Ethereum has left exchanges. The on-chain indicator of interest here is the “Exchange Netflow,” which measures the net amount of ETH entering into or exiting out of the wallets associated with centralized exchanges. When the value of this metric is positive, it means the exchanges are receiving a net number of deposits. As one of the main reasons why investors deposit their tokens to these platforms is for selling-related purposes, this kind of trend can have a bearish implication for the ETH price. On the other hand, the indicator being below zero suggests the exchange outflows outweigh the inflows. Such a trend can imply the holders are accumulating, which can naturally have a bullish effect on the asset. Now, here is the chart shared by Sentora that shows the trend in the Ethereum Exchange Netflow over the past month: As displayed in the above graph, the Ethereum Exchange Netflow has seen a sharp negative spike during the past day, which suggests the investors have withdrawn a significant amount of the cryptocurrency. In total, the exchanges have handled net outflows of more than 140,000 ETH (worth about $390 million) with this withdrawal spree. This is the largest single-day exit that these platforms have faced in over a month. These outflows have come as Ethereum has been attempting a breakout from its month-long range. As such, it’s possible that a portion of the large holders of the market have some level of confidence in this rally. In some other news, the cash-margined Ethereum Futures Open Interest has set a new all-time high, as the on-chain analytics firm Glassnode has revealed in an X post. The Futures Open Interest is an indicator that measures the total amount of positions related to Ethereum that are currently open on all derivatives platforms. Here, the ‘cash-margined’ Open Interest is of relevance, which includes all the contracts that have fiat/stablecoins as collateral. From the chart, it’s apparent that this metric has recently seen some rapid growth and has achieved a new record of about $20 billion. “Despite a slight pullback from the $2.8K levels, leverage continues to build as traders load up using stablecoins,” notes Glassnode. ETH Price Ethereum crossed beyond the $2,800 level earlier, but it appears it has seen a setback as its price is back at $2,750.

According to Walker, host of The Bitcoin Podcast, Bitcoin’s share of the world’s wealth is still tiny. It sits at about $2 trillion in market value. That’s just 0.2% of roughly $1 quadrillion held across all assets. For many investors, that number brings a sense of how early this market really is. Yet, it also raises questions about what comes next for this highly talked-about coin. Global Wealth Distribution Real estate holds the biggest slice of that $1 quadrillion pie. At around $370 trillion, it represents 37% of total global wealth. Bonds follow close behind with $318 trillion. Those are seen as a safe choice for retirees and conservative funds. Stocks, meanwhile, sit at $135 trillion. Cash and bank deposits add another almost $130 trillion to the mix. These numbers show where most of the world’s money lives today. Bitcoin’s Market Share Bitcoin’s $2 trillion value looks small next to these giants. It comes in below art, cars and collectibles, which together amount to $27 trillion. Gold, long a trusted store of value, sits at $22 trillion. So, while Bitcoin is rare by design, it still trails behind assets with centuries of history and deep pockets on the buying side. Scarcity Fuels Price Talk With only 21 million coins ever to be mined, Bitcoin’s supply cap is fixed. That has led to forecasts of big price jumps if demand keeps growing. Based on reports, some say Bitcoin could match gold’s $22 trillion market cap one day. That would push a single coin past $1.15 million. Other backers warn that missing out now could mean buying in later at much higher levels, driven by FOMO—fear of missing out. Institutions Eye The Market Michael Saylor, who heads one of the biggest Bitcoin treasury firms, thinks big players might wait until prices soar. He suggests that companies like JPMorgan could finally jump in when Bitcoin hits $1 million. He even floated the idea of $10 million per coin before it becomes common in mainstream portfolios. These views point to a potential wave of new cash rushing in if certain price thresholds are crossed. Featured image from Bitbo, chart from TradingView

Bitcoin’s blistering second-quarter advance is tracking the strongest expansion in global liquidity on record, according to Real Vision chief crypto analyst Jamie Coutts, who argues that every additional percentage point of liquidity injected into the financial system “should” translate into a 20% gain for the cryptocurrency. 1% Liquidity = 20% Bitcoin? Writing on X, Coutts observed that his proprietary Global Liquidity Index broke to a fresh all-time high on 10 April after three years of drift and that, in the nine weeks since, Bitcoin has rallied about 40 percent. “Bitcoin has rallied 40% since April 10 which was when my global liquidity aggregate (GLI) after 3 years broke out to new all time highs on the back of a plummeting US dollar. Since then the aggregate is up 2%. Bitcoin’s Q2 rally is entirely consistent with liquidity regimes of this nature.” He added that “while Bitcoin’s sensitivity to GLI moderates over time, for every extra 1 percent of liquidity added to the system we should expect to see a > 20 percent move in the price of Bitcoin,” he said, further claiming that the steady inflow of capital “doesn’t account for the inevitable ‘oh shit’ moment of panic buying that is going to happen… eventually. It will be best of times, it will be the worst of times.” The chart he shared, reproduced above, overlays his GLI (white) with daily Bitcoin prices (orange) from 2018 through June 2025. It shows the index pressing to roughly $138 trillion while Bitcoin changes hands near $108,000, underscoring the tight directional relationship between the two series across several liquidity cycles. Coutts builds the indicator by combining G4 central-bank balance sheets, broad money aggregates such as M2, and key US liquidity accounts including the Treasury General Account and the Federal Reserve’s reverse-repo facility. Since the April breakout the GLI has added only about two percentage points, yet Bitcoin’s market value has already risen by twice the elasticity implied by his model—an outcome he considers “entirely consistent” with prior liquidity regimes, which tend to produce the sharpest price response early in the cycle. For now, he sees little evidence that the GLI’s momentum is cresting; with the Federal Reserve still draining its reverse-repo facility, the People’s Bank of China quietly expanding its balance sheet, and the European Central Bank hinting at renewed long-term refinancing operations, the backdrop remains structurally bullish even if it won’t be a straight line. Looking further out, mainstream liquidity research suggests modest but persistent growth: most macro desks expect the global aggregate to rise roughly one to six percent over the next twelve months, three to eight percent cumulatively by mid-2027, and on the order of ten to fifteen percent by the turn of the decade as governments roll over record debt loads and central banks normalise balance-sheet policies. If Coutts’ rule of thumb holds, even the low end of those projections would leave ample headroom for triple-digit percentage gains in Bitcoin before 2030. At press time, BTC traded at $107,676.