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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.

The Middle East has experienced a significant escalation in tensions over the past few hours, with reports indicating Israel has launched strikes against Iranian nuclear facilities. Global Index Futures are down by 1.5% or more, while the VIX (Stock Options Volatility Index) has surged by 15%. In a major risk-off move, bonds and gold are gaining, and safe-haven currencies such as the Swiss Franc (CHF), US Dollar (USD), and Japanese Yen (JPY) are leading the Forex board. Meanwhile, Oil and other energy products have breached 4-month highs – Gold is trading around $3,420 and came very close to record highs on the initial spike. Read More: Oil Surges 10%, Gold Above $3400/oz as Israel Strikes Iran 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 Nasdaq 100 e-mini futures have plummeted by -1.80% in today’s Asian session at this time of the writing, due to a resurgence of risk-off sentiment over Israel’s airstrikes on Iranian nuclear and military targets. Oil prices spiked by 10% over fears of energy supply disruption in the Strait of Hormuz. A firmer upward drift in the prices of WTI and Brent is likely to complicate the US Federal Reserve’s plan to cut interest rates. Alternative trend bias (1 to 3 days) On the flip side, a clearance above 21,770 key resistance invalidates the bearish scenario to reinstate the bulls for a retest on the next intermediate resistance at 22,050, and above it sees the all-time high area coming in at 22,200/22,250. 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.

According to recent technical analysis, Ethereum (ETH) may be gearing up for a major breakout that could propel the cryptocurrency close to the $4,200 mark. Meanwhile, ETH continues to attract growing institutional interest, with Ethereum exchange-traded funds (ETFs) outperforming their Bitcoin (BTC) counterparts. Ethereum Headed For A Breakout? In a recent X post, noted crypto analyst Titan of Crypto highlighted that ETH is climbing within a massive weekly broadening wedge structure. The analyst shared the following chart and suggested that ETH could be targeting the $4,200 level – marking the top of the wedge. For the uninitiated, a broadening wedge is a chart pattern characterized by diverging trendlines, where price makes higher highs and lower lows, forming a megaphone-like shape. It typically indicates increasing market volatility and can signal a potential breakout, with the direction depending on the prevailing trend and breakout confirmation. Fellow crypto analyst Master of Crypto echoed a similar outlook, stating that ETH is “setting up for a big move,” especially with over $2.2 billion in short positions clustered near the $3,000 level. If Ethereum breaks above $3,000, it could trigger a short squeeze, potentially accelerating ETH’s rally. At the time of writing, ETH is trading 43.7% below its all-time high (ATH) of $4,878, recorded in November 2021. Capital flows also indicate rising institutional interest in Ethereum. Crypto market commentator Ted Pillows recently pointed out that spot ETH ETFs attracted $240.3 million in inflows yesterday, compared to $164.6 million for spot BTC ETFs. The stronger performance of ETH ETFs suggests that capital may be rotating from Bitcoin to Ethereum. It’s worth noting that while BTC is up 54% since June 2024, ETH is still down 24.6% during the same period. Crypto trader Merlijn the Trader shared the following monthly BTC/ETH chart showing two consecutive red candles, signaling a potential shift in momentum as BTC weakens relative to ETH. The trader noted that a similar capital rotation in 2020 preceded a “monster altseason.” Things Look Positive For ETH While altcoins like Solana (SOL), Tron (TRX), and SUI created fresh ATHs in 2024, ETH’s performance did not live up to expectations. As a result, the broader sentiment in the Etheruem ecosystem took a hit. However, 2025 appears to be ushering in a more favorable outlook. On-chain data reveals that ETH faces no major resistance until the $3,417 level. Additionally, ETH recently flashed a golden cross on the daily chart – a bullish technical signal that could indicate an impending rally. At press time, ETH trades at $2,756, down 1.7% in the past 24 hours.

Bitcoin’s price has declined slightly following recent gains, falling 2.3% over the past 24 hours to trade at approximately $107,205. This latest movement places the asset 4.1% below its all-time high of over $111,000 recorded last month. Despite the short-term dip, some analysts see familiar signs in derivatives data that could point to the next phase of market movement. Funding Rate Rebounds Signal Potential Upside for Bitcoin According to recent insights shared by on-chain analyst “nino” on CryptoQuant’s QuickTake platform, Bitcoin may be repeating a funding rate pattern that has historically led to price rebounds. The data shows the asset’s funding rate briefly dipping into negative territory before beginning to reverse, a pattern that has aligned with price recoveries earlier in the year. Nino’s analysis suggests this reversal, particularly the 72-hour moving averages exiting the oversold zone and producing a yellow-blue-black signal formation, could indicate a potential round of short position liquidations. The funding rate, still below levels typically associated with excessive bullish sentiment, may also imply that traders have yet to become overconfident, leaving room for additional upside without immediate overheating in derivatives markets. Nino’s observation focuses on market structure and derivative sentiment, highlighting how positioning in perpetual futures markets could precede notable spot price moves. In particular, when funding rates turn negative and then begin to climb, they often reflect the unwinding of overly bearish bets by traders who shorted BTC at high leverage. As these traders are forced to close positions, the resulting buy pressure can act as a short-term catalyst. This setup has played out multiple times earlier in 2025, and the current conditions suggest it may be occurring again. By keeping track of moving averages and sentiment zones, traders may interpret these signals as part of a broader cyclical trend. Binance Volume Share Signals Key Trends in Market Liquidity Separately, another analyst from CryptoQuant, Burak Kesmeci, addressed structural shifts in spot trading liquidity, particularly Binance’s share of global trading volume. Kesmeci emphasized that Binance’s dominance remains an important barometer of institutional participation and overall market health. He explained that an increase in Binance’s spot volume share is often associated with higher liquidity and smoother price discovery. Conversely, if Binance were to fall below a 30% volume threshold, it could signal a move toward more “fragmented liquidity” across exchanges such as Coinbase or Upbit. Such shifts could lead to more volatility and less predictable trading behavior. At present, Binance’s volume share is showing signs of recovery, suggesting that capital is still flowing through the exchange and supporting a relatively stable trading environment. Featured image created with DALL-E, Chart from TradingView

Oil and Gold Surge as Israel Strikes Iran Oil prices surged after Israel launched a military strike on Iran, prompting investors to move to safe-haven assets like gold and the Swiss franc. WTI Oil Daily Chart, June 13, 2025 close Source: TradingView (click to enlarge) Source: TradingView (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda 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 Tron (TRX) Sharpe Ratio suggests the cryptocurrency’s price may be far from overheating, a sign that the coin could have more upside potential. Tron Sharpe Ratio Is Still Significantly Below Overheating Zone In a CryptoQuant Quicktake post, an analyst has talked about the latest trend in the Sharpe Ratio of Tron. The “Sharpe Ratio” refers to an indicator that compares the returns of an asset against the risk associated with it. The numerator in the ratio, the ‘returns’ portion, is defined as the difference between the average return of the coin and the risk-free return (that is, the theoretical return involved with an asset carrying zero risk) over a given period. The denominator, the ‘risk’ part, is the asset’s standard deviation of returns over the same window (in other words, its volatility). When the value of this metric is greater than 1, it means the cryptocurrency is printing returns that outweigh its risk. On the other hand, it being under the threshold suggests the asset’s performance has been lackluster compared to its volatility. Now, here is a chart that shows the trend in the Tron Sharpe Ratio over the last few years: As displayed in the above graph, the Tron Sharpe Ratio fell below the 1 level earlier, but its value has since returned above the mark. According to the quant, the metric being above the level has historically accompanied bullish price action. An extremely high value, however, has proven to be an overheating signal, with the asset tending to arrive at a top. “Whenever the Adjusted Sharpe Ratio climbs above 40, it often signals a market that’s overheating,” explains the analyst. “In the past, readings over 40 have lined up well with local tops.” So far since its return above 1, the Tron Sharpe Ratio has only managed to reach a high of 8.3, which is clearly significantly below this cutoff. This trend could mean that TRX hasn’t been too overheated. “With TRX’s Sharpe Ratio still far from historical peaks, the data suggests there’s plenty of upside room for a potential bull run in 2025,” says the quant. It now remains to be seen how the coin will develop in the near future, given this pattern. In some other news, the Tron network set a new record in USDT transaction volume last month, as CryptoQuant community analyst Maartunn has pointed out in an X post. In total, the month of May saw over $694 billion in USDT transaction volume on the Tron network. Around $411 billion of these transfers were of a size that’s generally associated with the whales. TRX Price At the time of writing, Tron is trading around $0.272, down 1% in the last week.

Klaas Knot, the outgoing head of the Financial Stability Board, has a message for the global finance world: keep your eyes on stablecoins. Speaking at a recent event in Madrid, Knot said we’re edging toward a point where crypto markets and traditional finance are so intertwined that a crack in one could rattle the other. Crypto Is Sneaking Into the Mainstream Knot isn’t panicking, but he’s definitely concerned. Right now, crypto doesn’t pose a direct threat to global financial stability. But the walls separating crypto from the rest of the financial system are getting thinner. And fast. Take stablecoins. These digital assets are pegged to real-world currencies, usually the dollar, and are often backed by U.S. Treasuries. When money flows into or out of these coins, it can shift demand in the bond market. That movement isn’t just digital—it can move real rates and create volatility in places central banks really care about. ETFs Are a Gateway for Everyone Another piece of the puzzle? Crypto ETFs. They make it dead simple to invest in Bitcoin or Ethereum without ever touching a crypto wallet. That might sound great for accessibility, but it also means more investors are exposed to crypto than ever before. Some of those investors are retail traders. Others are massive institutions. If a panic ever hits, the chain reaction won’t stay contained in crypto. This is what Knot calls the “tipping point” risk. We’re not there yet, but we’re getting close. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Treasuries Are in the Crosshairs Stablecoin issuers don’t just sit on piles of cash. They use their reserves to buy short-term government bonds, especially U.S. Treasuries. That might sound harmless, but the flows can be big enough to move yields. BitcoinPriceMarket CapBTC$2.07T24h7d30d1yAll time One study from the Bank for International Settlements found that large inflows into stablecoins can slightly lower bond yields, while big outflows do the opposite. In a market where a basis point matters, that’s enough to trigger alarms. The knock-on effects could spill into everything from interest rates to lending conditions. Lawmakers Are Moving In In the U.S., lawmakers are already trying to bring stablecoins under federal supervision. The GENIUS Act passed the Senate with strong support and is headed to the House. It aims to regulate dollar-backed stablecoins more like traditional financial products. Europe is also sharpening its focus. The European Central Bank has warned that stablecoins need stronger rules, or they could become a weak point in the financial system. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Changing of the Guard at the FSB Knot wraps up his term on June 30, with Bank of England governor Andrew Bailey set to take over. Bailey is expected to keep pushing for global rules that can tame crypto without crushing innovation. That won’t be easy, but it’s clearly on the agenda. Why It All Matters At its core, this is about risk management. The closer crypto gets to traditional finance, the more important it becomes to understand what might go wrong. Stablecoins and ETFs are no longer side projects. They’re levers that can move global markets. Knot’s message is simple: don’t wait for a crisis to connect the dots. The time to act is before the tipping point. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways FSB Chief Klaas Knot warned that stablecoins could pose a growing risk to global financial stability as they become more integrated with traditional markets. Stablecoin activity is influencing real-world markets like U.S. Treasuries, raising concerns about volatility and unintended consequences. Crypto ETFs are increasing exposure to digital assets across both retail and institutional investors, deepening potential contagion risks. Regulators in the U.S. and Europe are pushing for tighter oversight, with legislation like the GENIUS Act and ECB-backed proposals gaining traction. As Klaas Knot steps down, incoming FSB head Andrew Bailey is expected to continue the push for global crypto regulation. The post FSB Chief Klaas Knot Flags Stablecoins as Risk to Global Finance appeared first on 99Bitcoins.

Treasury Secretary Scott Bessent is making headlines with a bold claim. He says U.S. investors could end up holding a whopping $2 trillion in crypto. His prediction landed right as Bitcoin pushed past $110,000, lighting up a market that’s been searching for direction. Bessent’s $2 trillion crypto prediction means he thinks more Americans will start putting real money into crypto over time. Bessent Sees a Bigger Picture Bessent’s forecast isn’t just a number he pulled out of thin air. He’s been tracking how institutional money is steadily flowing into digital assets. Pension funds, hedge funds, banks, you name it, they’re all circling crypto with a lot more interest than they used to. Some have already taken the plunge. He pointed out that this isn’t just a tech play or a fad. The infrastructure around crypto is maturing. You’ve got secure custody, regulated exchanges, and more investor-friendly products. To Bessent, crypto is becoming just another part of the investment toolkit. Bitcoin Pops While Confidence Builds On the same day as Bessent’s remarks, Bitcoin surged past $110K. The timing wasn’t lost on anyone. Prices had been sluggish for weeks, but this breakout hinted at new life. Traders pointed to a mix of factors—regulatory tailwinds, big-name buyers, and some well-timed ETF news. The rally adds weight to Bessent’s comments. If crypto is on the rise again, the idea of institutions increasing their exposure doesn’t sound far-fetched. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in June 2025 Wall Street Is Warming Up There was a time when crypto and Wall Street barely spoke the same language. That’s changed fast. These days, investment firms are issuing reports on Bitcoin allocations. Banks are offering crypto custody. Big tech and traditional finance are linking arms. ETFs were the real game-changer. When the SEC approved Bitcoin and Ethereum spot ETFs, it provided a straightforward way for everyone, from retail traders to fund managers, to get involved. That alone opened the floodgates for billions in inflows. BitcoinPriceMarket CapBTC$2.07T24h7d30d1yAll time Bessent’s prediction leans on this exact momentum. If ETFs keep pulling in capital, and more institutions view crypto as less of a gamble and more of a long-term play, we might be heading toward that trillion-dollar mark quicker than expected. Why Regulation Matters Now It’s not just market moves pushing this forward. Regulation is starting to catch up. Earlier this year, the Strategic Bitcoin Reserve order set the tone. It called on agencies to assess digital assets and prepare for their role in the U.S. economy. Clearer rules give institutions confidence. They don’t want to end up on the wrong side of an SEC lawsuit or in some grey area of compliance. When the rules make sense, the money follows. DISCOVER: 20+ Next Crypto to Explode in 2025 Can the U.S. Really Hit $2 Trillion? It’s a big number. No question. But it’s not out of reach. The global crypto market cap already flirted with $3 trillion during the last cycle. If the U.S. takes a larger slice next time, driven by ETF growth, federal involvement, and corporate balance sheets, $2 trillion starts to look plausible. It won’t happen overnight, but we’re not talking fantasy either. What Comes Next? That depends on whether institutions stick with it. Will funds actually increase allocations? Will regulators move fast enough to support the growth without stalling it? And can Bitcoin keep its footing above $100K? Those answers will decide whether Bessent’s prediction ends up on target or gets filed under wishful thinking. If more companies and funds keep buying crypto, Bessent’s $2 trillion crypto prediction could actually happen sooner than expected. Final Thoughts Bessent’s $2 trillion call is bold, but not baseless. Crypto is no longer the outsider. It’s edging into the mainstream. Whether it becomes a cornerstone of U.S. portfolios depends on what happens next. But one thing is clear: the conversation is shifting, and it’s not going away. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Treasury Secretary Scott Bessent says U.S. investors could hold up to $2 trillion in crypto if current adoption trends continue. Bessent’s forecast is backed by rising institutional interest, with ETFs, custody services, and regulatory clarity driving momentum. The prediction landed as Bitcoin broke $110K, signaling renewed confidence in digital assets across markets. Crypto is becoming part of the mainstream investment toolkit, with pension funds, hedge funds, and banks slowly increasing exposure. If regulations keep evolving and ETFs continue pulling in capital, Bessent’s $2 trillion target may be closer than it sounds. The post Treasury Chief Says U.S. Crypto Holdings Could Hit $2 Trillion appeared first on 99Bitcoins.

Bitcoin price started a fresh decline below the $105,500 zone. BTC is now consolidating and struggling to stay above the $103,200 support. Bitcoin started a fresh decline below the $106,500 and $105,500 levels. The price is trading below $106,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $106,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh recovery wave if it clears the $105,500 resistance zone. Bitcoin Price Dips Sharply Bitcoin price started a fresh decline after it failed to clear the $110,500 resistance zone. BTC declined below the $107,500 and $106,500 support levels. The price even dipped below the $104,200 support level. Finally, it tested the $103,000 zone. A low was formed at $103,078 and the price is now consolidating losses below the 23.6% Fib level of the recent decline from the $110,273 swing high to the $103,078 low. Bitcoin is now trading below $105,500 and the 100 hourly Simple moving average. There is also a key bearish trend line forming with resistance at $106,600 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $104,200 level. The first key resistance is near the $105,500 level. The next key resistance could be $106,600 and the 50% Fib retracement level of the recent decline from the $110,273 swing high to the $103,078 low. A close above the $106,600 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. More Losses In BTC? If Bitcoin fails to rise above the $105,500 resistance zone, it could start another decline. Immediate support is near the $103,000 level. The first major support is near the $102,350 level. The next support is now near the $101,500 zone. Any more losses might send the price toward the $100,500 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 below the 50 level. Major Support Levels – $103,000, followed by $102,350. Major Resistance Levels – $104,200 and $105,500.

In a recent update shared by Crypto Man MAB on X, UNI’s price action has taken a bullish turn. The token is currently trading at $8.403, up 1.82% (+$0.150), and has managed to break past the previous resistance range of $ 7.50–$ 8.00. This upward movement signals growing buying interest, and that momentum could be building for a stronger push ahead. Key Support And Resistance Levels Define UNI’s Next Move In his analysis, Crypto Man MAB highlighted UNI’s evolving price structure, pointing to key support and resistance levels. The immediate support is seen around $7.103, which marks the 24-hour low. If UNI pulls back further, stronger support may be found near $6.500, a level that has previously attracted buying interest and could act as a safety net for bulls. On the upside, resistance stands near $8.677, the recent 24-hour high. This zone is currently capping the rally, but if buying momentum persists, UNI could target the $9.0 mark next. While this level presents a psychological barrier, it also aligns with short-term bullish projections, adding more weight to its significance. In terms of market activity, Crypto Man MAB noted a notable increase in trading volume, which aligns with UNI’s recent price surge. This volume spike suggests that buyers are stepping in with strong conviction, reinforcing the strength behind the upward movement. A sustained high volume typically validates price action, which supports the argument for a potential rally continuation, provided the momentum holds and no major resistance halts the trend. Breakout Signals Strength, But Long-Term Caution Lingers According to the analyst, the UNI chart shows a shift from a period of consolidation into a noticeable upward breakout. The recent dominance of green candlesticks points to growing bullish moves and renewed buying pressure in the short term. However, the longer-term trend suggests a more cautious outlook. Over the last 180 days, UNI has declined by 53.31%, and its one-year performance shows a decrease of 18.98%, indicating that the asset has been in an overall downtrend despite recent gains. Presently, the Simple Moving Average (SMA) is demonstrating increased trading activity, which aligns with the positive price movement and supports the current bullish sentiment. This rise in volume may strengthen the case for a possible continuation of the ongoing upward trend, but traders should remain alert to any shifts in momentum. In conclusion, Crypto Man MAB noted that UNI is showing short-term upward strength, but the broader trend remains uncertain. However, a clear breakout above the $8.677 resistance level would be a strong signal for continued upside.

Crypto analyst InvestingScope has drawn market participants’ attention to a major occurrence that hints at an imminent altcoin season. The analyst also revealed how high the crypto market could reach as altcoins outperform Bitcoin during this period. Altcoin Season May Be Imminent As Golden Cross Flashes In a TradingView post, InvestingScope revealed that altcoins have made a 1-day Golden Cross, the first since just right after the US elections. He noted that the rally that followed made new highs for these altcoins, indicating that another altcoin season may be on the horizon. The analyst also predicted that the total crypto market can reach at least $4.03 trillion on this rally. He noted that since the Bear Cycle bottom, this is the fourth 1-day Golden Cross and that the minimum the market has surged around such a formation was just over 73%. As such, the crypto market cap, currently valued at $3.39 trillion, can reach the $4 trillion target during this altcoin season rally. Altcoins have again rallied following the recent Bitcoin run close to its all-time high (ATH). The Ethereum price hit $2,900, coming close to the psychological $3,000 level. Additionally, the Solana price also hit $170, its highest level over the last 90 days. With two of the top major altcoins making these runs, this has further fueled optimism that altcoin season may be around the corner. Bloomberg analyst Eric Balchunas told investors to get ready for a potential Altcoin ETF summer with Solana likely leading the way. This development could be the catalyst that sparks the altcoin season, with the SEC already asking issuers to amend their S-1 filings. Meanwhile, the Ethereum ETFs just hit a four-month high of inflows, with $240 million flowing into these funds on June 11. These funds have also witnessed 18 consecutive days of inflows as optimism grows about the SEC approving staking for these funds. This could be another catalyst for altcoin season as the Ethereum price usually leads the way. ETH/BTC Breakout Is Imminent In an X post, market expert Paul Barron indicated that the ETH/BTC breakout was imminent, a development which would usher in the altcoin season. He declared that Altseason is preparing for a face-melter and that the ETH/BTC breakout is “committed”. The expert added that with market sentiment up 2.8%, ETH will be the leader. Crypto analyst Mikybull Crypto has also made a case for Ethereum to lead the altcoin season. In a recent analysis, he stated that from a technical perspective, ETH is looking solid at its current levels. The analyst claimed that $2,800 is the next resistance to clear out before a rally to a new high of $3,900. He added that Ethereum usually performs well near the peak of the cycle.

Cardano’s ADA has joined the Nasdaq Crypto Index, moving from the sidelines into the institutional spotlight. According to Nasdaq filings, this shift brings ADA alongside Bitcoin and Ethereum in one of the main benchmarks watched by big investors. It’s a sign that regulators and asset managers see Cardano as more than just another blockchain token. Index Broadens To Nine Assets Based on reports from TapTools and Nasdaq’s Form 8-K, the index grew from five to nine assets. It now lists Bitcoin, Ethereum, Litecoin, Chainlink, Uniswap, and adds Cardano (ADA), Solana (SOL), Ripple (XRP), and Stellar (XLM). The change gives these newcomers a seat at the table. It also means more options for funds that track this benchmark. Impact On Weighting Of Bitcoin And Ethereum Previously, Bitcoin made up 85% of the index and Ethereum held 10%. With ADA and the other three in play, Bitcoin’s share falls to 75% and Ethereum’s to 11%. This shift lets portfolio managers spread risk across a broader set of tokens. It also lowers the concentration in the two biggest names in crypto. ETF Holdings Await SEC Signoff Even though the index itself now includes all 9 assets, the US-listed Hashdex Nasdaq Crypto Index ETF still holds only Bitcoin and Ethereum. That won’t change until the SEC signs off on updates to the ETF’s rulebook. Based on the current timeline, that approval is expected in early 2026. Until then, US investors can track the wider index on paper, but their ETF shares will stick with the original two coins. Cardano Gains Institutional Spotlight For Cardano, this is more than a trophy. It means added liquidity, better price support, and a clearer path into institutional portfolios. More cash in and out of ADA markets could narrow trading spreads and smooth out big swings. Trading platforms, custody services, and exchanges will feel the impact too. They’ll need to meet the index’s criteria—steady volume, regulated venues, and institutional-grade storage. Those checkpoints help keep major players comfortable when they decide to buy or sell ADA at scale. Overall, bringing ADA into this benchmark shows that big finance is watching Cardano more closely than before. Yet the final step—actual ETF inclusion in the US—still lies with regulators. Featured image from Unsplash, chart from TradingView

Log in to today’s North American session Recap for June 12. Today's session was marked by the another positive surprise with a miss on the release of the Producer Price Index, reducing again stagflation fears – a report relatively similar to yesterday's CPI. Keep an eye on the weekly Jobless claims report (coming out every Thursdays at 8:30 A.M. E.T.) as we've seen three consecutive weeks of the data reported above expectations. An uptrend in these reports may just start to contribute to a growingly negative sentiment in markets. US indices are sending conflicting sounds as they shot down yesterday and in the overnight session despite broadly positive news, with most indices up between 0.18% to 0.33% for the S&P. Only the Russell 2000 finishes the session down -0.44%. The rally from today's session did not overlap yesterday's sell-the-news from post-CPI flows, a theme to keep an eye on for upcoming trading sessions. It seems that markets are starting to price in more tensions in the Middle East - Gold broke above $3,400 and the US Treasury 30 Year Bond Auction had some demand to it. Read More: S&P attempts a comeback amid positive CPI and PPI reports Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Ethereum is at a critical juncture after breaking above key resistance but failing to sustain momentum toward the psychological $3,000 level. The recent surge brought optimism to the market, yet ETH has now pulled back slightly, struggling to extend gains as global uncertainty weighs on sentiment. With macro pressures mounting and negotiations between the US and China over a potential trade deal in focus, the broader market appears to be awaiting clarity before making its next decisive move. Top analyst Rekt Capital offered historical context to Ethereum’s current setup, pointing to two previous cycles where ETH successfully retested the $2,500 level before launching toward $4,000. In August 2021 and again in early 2024, ETH held $2,500 as strong support (green circles), acting as the foundation for a major breakout rally. This repeating pattern has investors now eyeing the same level with growing interest. As Ethereum trades near $2,750–$2,800, the coming days could determine whether this current setup mirrors past bullish cycles—or if momentum fades again. With strong support beneath and a clear historical roadmap above, ETH’s ability to reclaim strength could trigger the next leg in what many believe may be the start of altseason. Ethereum Echoes Past Patterns Ahead Of Potential Breakout Ethereum has rallied over 100% since its April lows, showcasing powerful momentum and heightened activity at current levels. After briefly tapping a local high near $2,830, ETH has retraced slightly but remains firmly above the $2,750 mark—a key area that now acts as short-term support. The strength of this rebound is fueling growing speculation that Ethereum may not only be preparing for another leg up but also setting the tone for a broader altseason. Analysts across the board are closely watching ETH’s current consolidation, with many citing historical patterns as a reason for optimism. Notably, Rekt Capital highlighted a recurring pattern that has previously led to significant rallies. In August 2021, Ethereum successfully retested the $2,500 level as support before surging to approximately $4,000. The same thing occurred in early 2024, when ETH once again bounced from $2,500 and rallied to the same zone. Now, for the past five weeks, Ethereum has repeatedly confirmed the $2,500 level as solid support, forming what appears to be a textbook foundation for another major move. This accumulation phase—mirroring past cycles—has many traders confident that ETH could soon reclaim $3,000 and begin leading altcoins higher. With macro conditions still uncertain and market participants looking for signals of strength, Ethereum’s behavior at these levels carries added significance. If ETH can maintain its position above $2,750 and build momentum through $2,830, the market could see an explosive shift in sentiment, potentially triggering the next phase of the bull cycle. For now, all eyes remain on Ethereum as it tests the top of its multi-week range with bullish conviction. ETH Holds Above Breakout Zone After $2,830 Rejection Ethereum is currently trading at $2,749 on the 4-hour chart, holding above a key breakout zone between $2,700 and $2,740 following a brief rejection at $2,830. After breaking above this multi-week resistance last week, ETH surged into higher territory before pulling back in the last few sessions. Despite this retrace, the price has so far maintained support above the previous resistance area, now acting as a strong demand zone. This range—highlighted by the yellow box on the chart—served as a ceiling for nearly a month before being flipped into support during the breakout. Ethereum is now consolidating right above this area, and as long as it remains above the 50 and 100 simple moving averages (SMAs), the bullish structure is intact. Volume has started to cool off slightly, suggesting that traders are waiting for a decisive move—either a bounce toward $2,800–$2,900 or a breakdown back below $2,700. A successful hold of this support zone could confirm the retest and build momentum for another breakout attempt. However, failure to hold $2,700 could see ETH revisit the 200 SMA around $2,570. For now, Ethereum remains technically strong, but traders are watching closely for confirmation. Featured image from Dall-E, chart from TradingView

The cryptocurrency picture is confusing to understand in the past week, with most altcoins rallying but the path is not a one way up. Bitcoin is unchanged and most altcoins are down in today's session. ETH for example broke above its 2,739 May highs establishing local highs at 2,879 on Wednesday before retracting. Prices are down 2.80% on the session but the descent looks more like a retracement than a full correction of the preceding up-moves. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Ethereum reclaimed a significant technical level in the latest 24-hour trading session, with its price crossing above the $2,800 mark and briefly touching $2,870. This interesting cross makes it the first time since February 2025 that Ethereum has traded above the $2,800 threshold. The move comes amid rising bullish momentum flowing out from Bitcoin, and according to recent analysis from a crypto expert, this could be just the beginning of a much larger rally for Ethereum. Technical Pattern Says Ethereum Could Be Close To $20,000 An interesting technical formation on Ethereum has now caught the attention of some traders: a classic inverse Head and Shoulders bottom. According to crypto expert Gert van Lagen, who shared his analysis on the social media platform X, this inverse head and shoulders is setting up on a long-term timeframe. Specifically, Ethereum’s two-week candlestick chart, shared by the analyst, reveals a fully formed structure with a left shoulder in mid-2021, a pronounced head that took shape during the bear market in late 2022 to early 2023, and a right shoulder forming throughout the 2024 correction into early 2025. The left shoulder emerged in mid-2021, when Ethereum’s price peaked around $4,870, then retraced into the year-end. The head was formed at the lows around $1,350 in 2022 and 2023. The right shoulder is currently in formation after the Ethereum price rebounded from roughly $1,600 in 2025. Finally, this pattern is also highlighted by a symmetry around the neckline drawn near the $4,200 price region. Keeping this in mind, the neckline of the pattern, which is anchored just below the $4,200 resistance level, is now the most important level to break above. A confirmed breakout above this zone could activate the full bullish target projected by the technical formation. ETH Price Close To $20,000 According to Gert van Lagen, the two-week head-and-shoulders pattern suggests Ethereum may be “closer to $20K than most anticipate.” His price target calculation follows a classic technical methodology. By measuring the vertical distance from the head’s lowest point to the neckline resistance and then projecting that same distance upward from the neckline, he arrives at a target of approximately $19,500, which is more than a 600% gain from today’s price levels. In the same analysis, van Lagen also highlighted a descending broadening wedge pattern that has been forming since mid-2023. This secondary structure reinforces the notion that Ethereum may embark on a significantly larger breakout once $4,200 is cleared. However, this projection of $19,500 is based on the technical symmetry of the inverse head and shoulders pattern, rather than fundamental shifts in Ethereum. Additionally, there is no clear timeline for this target; however, based on the multi-year nature of the inverse head and shoulders pattern, the price target may also take up to four years to materialize. At the time of writing, Ethereum is trading at $2,772, having retraced slightly from $2,870.