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Markets are back on edge this morning thanks in part to rising tension between the US-Iran. Safe havens are once again experiencing inflows with Gold hitting an Asian session high around $3377/oz. For more, read Asia mid-session: Safe haven resurgence with Gold resuming bullish move close Source: TradingView.com (click to enlarge) Source: TradingView.com (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.

From mall staple with neckbeard cashiers to Reddit rally cry, the latest GameStop offering has moved into convertible debt, looking to raise $1.75 billion in private funding. What it plans to do with the money is anyone’s guess, but the crypto crowd is already bracing for a BTC headline. It’s a long way from selling Xbox controllers but in 2025, so is everything else. BitcoinPriceMarket CapBTC$2.16T24h7d30d1yAll time DISCOVER: 20+ Next Crypto to Explode in 2025 GameStop Offering: A Familiar Playbook for Bitcoin Investment In April, GameStop locked in $1.5 billion through a bond sale. It didn’t take long to see where that cash might be going. Over the next few weeks, the company scooped up 4,710 Bitcoin, staking a serious claim in crypto and rewriting its treasury policy to include BTC. It’s a page ripped straight from MicroStrategy’s handbook. “GameStop is following a path carved out by MicroStrategy, emphasizing Bitcoin as an integral treasury asset,” noted a crypto market analyst. GameStop’s statement regarding the latest debt offering underscores its intention to stick to its updated investment policy. The funds could also be allocated toward “general corporate purposes” or potential acquisitions. Notably, GameStop ended its first quarter with $6.4 billion in cash, cash equivalents, and marketable securities, a stark rise from $1 billion in the same period a year ago. Market Reaction and Investor Concerns GameStop’s latest earnings report landed with a thud, missing forecasts and dragging its stock down 15% between the bell and after-hours. At the same time, rumors of another Bitcoin buy have reignited speculation about the company’s broader play. BTC sat near $109,000 late Wednesday, and another buy-in would nudge GameStop deeper into the playbook of long-horizon institutional investors Bitcoin’s Role in GME’s Strategy GameStop’s embrace of Bitcoin as a treasury asset marks a clear attempt to shed its old skin. 99Bitcoins analysts are already comparing the move to Strategy’s now-famous pivot into crypto, but the comparison has limits. Unlike a software firm, GameStop is still tethered to a retail model that’s yet to prove it can support, or even coexist with, a high-stakes digital asset strategy. If Bitcoin climbs, GameStop could ride that wave to relevance. If it stumbles, critics will point to the $1.75 billion debt raise as reckless. EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress Key Takeaways From mall staple with neckbeard cashiers to Reddit rally cry, the latest GameStop offering has moved into convertible debt. In April, GameStop locked in $1.5 billion through a bond sale. It didn’t take long to see where that cash might be going. The post GME Stock Tumbles Amid GameStop Offering Debt FUD: Should You Buy The Dip? appeared first on 99Bitcoins.

The Bitcoin Options traders have been pricing in low implied volatility, but on-chain data shows a setup ripe for amplified price swings. Bitcoin Options ATM IV Has Been Trending Lower In its latest weekly report, the analytics firm Glassnode has talked about how the volatility risk associated with Bitcoin looks from the perspective of on-chain analysis. The indicator shared by Glassnode is the Realized Supply Density, which tells us about how concentrated the cryptocurrency’s supply is around the current spot price. When the value of this metric is high, it means the investors have participated in a large amount of buying at or near the asset’s latest price. “In such environments, even modest price fluctuations can affect a broad swath of investors, often amplifying market sensitivity and, in turn, volatility potential,” explains the analytics firm. Below is the chart for the indicator shared by in the report. As is visible in the graph, the Bitcoin Realized Supply Density has gone through an uplift during the past few weeks, which suggests accumulation has taken place around the current spot price. “This concentration raises the probability of outsized reactions to price movements, increasing volatility risk in the near term,” notes Glassnode. While on-chain data may hint that volatility could go up in the future, it would appear the traders on the Options market don’t quite think the same, as the At-The-Money Implied Volatility (ATM IV) has been going down. The IV is a metric that represents the traders’ expectations of how volatile Bitcoin will be over a given period, based on the pricing of Options contracts. The ATM version of the indicator specifically calculates this expectation based on Options closest to the latest spot price. Here is a chart that shows the trend in the Bitcoin Options ATM IV across different expiration timeframes: From the above graph, it’s apparent that the Bitcoin Options ATM IV has been going down for all major tenors, an indication that the traders don’t expect high volatility for the cryptocurrency in the near future. “Historically, such complacency in volatility pricing has often served as a counter-trend signal, preceding periods of heightened volatility,” says the analytics firm. With on-chain data suggesting increased volatility risk and this signal forming at the same time, it now remains to be seen how Bitcoin would develop in the coming days. BTC Price At the time of writing, Bitcoin is trading around $108,800, up more than 3.5% in the last week.

As Ethereum (ETH) attempts to reclaim its January 2025 price range, the cryptocurrency has been holding a recently recovered level, leading some analysts to suggest another 10% surge before new highs. Ethereum Breakout Eyes $3,100 Ethereum has reclaimed the key $2,800 barrier for the first time since February, nearing the $2,900 level on Wednesday morning. The King of Altcoins had been trading between the $2,475-$2,680 range since its May breakout, unable to turn the range’s upper boundary into support. During last week’s retracement, ETH dropped to the $2,400 support before bouncing over the weekend. The crypto market’s recovery saw Ethereum surge toward the key resistance, finally breaking past it at the start of the week and hitting a three-month high of $2,879 today. Following this performance, Analyst Carl Runefelt from The Moon Show noted that the cryptocurrency had broken out of an ascending triangle formation and now targets the $3,100 resistance. The analyst previously highlighted ETH’s triangle pattern, which began forming at the start of last month’s recovery rally. During that period, the price compressed between the support and resistance lines, with the latter situated around the $2,700 mark. He forecasted a 15% surge toward the $3,100 level if the altcoin reclaimed the crucial resistance level. Based on this, Ethereum could climb another 10.7% if it holds its current range. Runefelt also pointed out another bullish formation in ETH’s trading pair against Bitcoin (BTC). According to the ETH/BTC chart, Ethereum also formed a bullish pennant pattern during the May rally. Amid this week’s recovery, the cryptocurrency has broken out of the formation’s upper boundary, eyeing a 30% surge toward the 0.03300 mark. ETH To Repeat History? Market Watcher Kaleo highlighted the resemblance between ETH’s performance between 2020 and 2025. According to the analyst, there are “a lot of similarities on the chart to where we are now vs. where we were in 2020.” As he explained, in the Spring of 2020, Ethereum experienced a major sell-off, fueled by the COVID-19 crash, which sent its price below a key higher timeframe (HFT) support. However, once the ascending trendline was reclaimed as support, ETH was “up only for the next 20 months.” Kaleo detailed the recent sell-off, caused by the Trump Tariffs scare, sent the altcoin below its multi-year ascending support trendline, adding that “ETH is currently on the verge of reclaiming that line.” The analyst suggested that if history repeats, investors could see “another great ETH bull run and accompanying alt season.” Meanwhile, analyst DonAlt affirmed that ETH’s chart looks “pretty good” amid its HTF range reclaim. To him, a new all-time high (ATH) is likely if the $3,800 resistance is reclaimed, while the rally’s invalidation level is a close below the $2,200 mark. As of this writing, ETH trades at $2,803, a 6.7% increase in the daily timeframe.

The US dollar extended its decline in today’s Asian session, with the US Dollar Index slipping -0.2% to 98.36—a five-day low—following a muted May CPI report. Core inflation came in at 2.8% y/y, below expectations of 2.9% and unchanged from April’s reading. close Fig 2: Gold (XAU/USD) minor trend as of 12 June 2025 (Source: TradingView) Fig 2: Gold (XAU/USD) minor trend as of 12 June 2025 (Source: TradingView) The price actions of Gold (XAU/USD) have managed to find support at the 20-day moving average since Monday, 9 June 2025, trimming intraday losses in the past three sessions. Yesterday, the yellow metal rallied by 1% and cleared above a key near-term resistance at US$3,346, which indicates the potential end of its recent minor corrective decline phase from the 5 June high to the 9 June low (see Fig 2). Watch the US$3,320 key short-term pivotal support (also the 20-day moving average), and a clearance above US$3,374 sees the next intermediate resistance zone coming in at US$3,417/3,435 (7/8 May swing high areas & Fibonacci extension level). However, a break below US$3,320 key support negates the bullish tone for a corrective decline sequence to resurface to expose the next intermediate support at US$3,296/3,277 (also the 50-day moving average). Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Bitcoin continues to show signs of recovery as its price rebounds from a brief correction last week. At the time of writing, the crypto is trading at $109,693, reflecting a 0.4% increase over the past 24 hours. Despite this upward movement, the current price remains roughly 2% below its all-time high of over $111,000, recorded last month. This ongoing strength in price performance has been accompanied by notable on-chain signals, particularly from large holders. CryptoQuant contributor Crypto Dan recently analyzed the current market structure and behavior of Bitcoin whales. Bitcoin Whale Behavior Suggests Further Upside In his latest analysis, Dan observed that despite Bitcoin hovering near record levels, there is little evidence of the profit-taking behavior typically observed during previous market tops. According to him, whales are not engaging in mass selloffs, suggesting that these investors expect the rally to continue. Dan emphasized that these large holders are likely waiting for more pronounced market euphoria and higher valuations before initiating substantial sell activity, a pattern often seen near the final stages of a bull market. Whale Exchange Activity Indicates Similar Move Further reinforcing the current sentiment, another CryptoQuant analyst, Darkfost, highlighted a significant trend in Binance whale behavior. According to Darkfost, historical data shows that when Bitcoin approaches or breaches its all-time high, there is typically a sharp rise in exchange inflows, driven by whales seeking to take profits. This pattern was visible during earlier cycle peaks, where inflows reached $5.3 billion in early 2024, and even higher levels of $8.45 billion and $7.24 billion in previous cycles. In contrast, recent inflows to Binance remain substantially lower. Darkfost reports current inflows hovering around $3 billion, and more importantly, on a declining trajectory. This divergence from historical patterns suggests that whales are refraining from selling at current levels. Their reduced activity implies an expectation that higher prices may lie ahead, and that they are positioning for potentially greater returns later in the cycle. This restraint from large holders is seen as an important signal, especially given the influence whale movements can have on market liquidity and price action. Featured image created with DALL-E, Chart from TradingView

Tron’s blockchain just added a USD1 stablecoin from World Liberty Financial Inc. That move put the spotlight back on TRX. And traders are paying attention to what comes next. Significant Price Movement According to trading data, TRX climbed 6% on Tuesday. It broke above the $0.2875 level on the daily chart before hitting resistance at $0.2980. A clean break past that hurdle could send the token toward $0.3230, the 50% Fibonacci retracement level. Currently, TRX trades around $0.2920, sitting between support at $0.2808 and the 23.6% Fib mark of $0.2645. High-Profile Stablecoin Launch Based on reports from World Liberty Financial Inc., the new USD1 stablecoin is now live on Tron. The issuer has ties to US President Donald Trump, and Justin Sun—Tron’s founder and the largest holder of the Trump Token meme coin—called the launch a “giant leap for stablecoins.” Sun also joined a White House dinner for top Trump Token holders. This link to big names has drawn fresh eyes to Tron’s ecosystem. On-Chain Growth Signals According to DeFiLlama, the total value locked on Tron reached over $5 billion. On June 6, the network saw 4.50 million returning user addresses. Those stats suggest people keep coming back to DeFi apps on Tron, but it’s worth watching whether those funds stay in place or chase higher yields on other chains. Bullish Bets in Derivatives Based on CoinGlass data, TRX derivatives open interest rose by 8.25% over the past 24 hours to $329 million. The weighted funding rate open interest rose to 0.0098%, indicative that bullish long positions are greater than shorts. Short liquidations in the past day were almost double that of longs, which settled a bearish bet wave. Technical analysis supports this positive perspective. The RSI on the daily chart is inching up to the overbought region, indicating heightened buying pressure. A recent MACD crossover drove histogram bars into positive territory, which means momentum has favored the buyers. Meanwhile, traders will keep a close eye on Bitcoin’s moves too. A pullback there could drag altcoins lower, while a fresh rally could lift TRX even more. For now, the combination of a big-name stablecoin launch, rising TVL, swelling open interest and positive technical signals gives Tron fans reason to watch for a potential breakout. Featured image from Getty Images, chart from TradingView

Ethereum pushed above the $2,820 mark yesterday, strengthening the bullish case for a breakout after weeks of consolidation. The move has created renewed optimism among traders who expect ETH to rally beyond its current range and begin a new upward leg. Despite lingering global tensions, markets are responding positively to growing speculation that a trade deal between the US and China may soon be finalized, offering a temporary boost to risk assets across the board. Ethereum’s recent strength comes at a critical moment, as price approaches the upper boundary of its current ascending channel. Top analyst M-log1 shared a technical analysis highlighting this structure, stating that ETH needs to break out of this current channel. Until then, price action may remain contained within the structure, with limited upside unless a decisive breakout occurs. As Ethereum pushes toward resistance, all eyes are on volume and confirmation signals that could mark the start of a broader trend. For bulls, breaking above the ascending channel could signal the beginning of a strong move toward $3,000 and beyond. Until then, Ethereum remains at a key inflection point in its cycle. Ethereum Holds The Key To Altseason Ts Bulls Eye Breakout Ethereum is now at the center of the market’s attention, as its next move could determine whether a true altseason begins. While Bitcoin continues to lead, Ethereum’s ability to reclaim higher price levels—particularly above the $2,800 mark—will be critical in confirming the start of a broader altcoin rally. So far, positive sentiment and rising price action suggest momentum is building, with ETH pushing into resistance and forming a constructive setup. Bulls have regained control in recent sessions, but the challenge now lies in escaping the current structure. M-log1 highlighted that Ethereum remains trapped in an ascending channel, a pattern that often leads to slow grinding moves until a breakout or breakdown occurs. “If we want anything significant to happen,” he noted, “then ETH needs to leave this ascending channel.” Failing to do so increases the probability of a revisit to the lower end of the range, though M-log1 clarified that this isn’t a certainty—just a probability to keep in mind. On a positive note, Ethereum’s moving averages continue to trend upward and support price from below, providing a favorable technical backdrop. As long as these levels hold and bulls remain active, the breakout scenario remains the dominant outlook. If ETH can decisively flip $2,800 into support and break above the channel structure, it could unleash a wave of capital rotation into altcoins. Until then, Ethereum holds the spotlight—and its next move will likely shape the direction of the entire market heading into summer. Ethereum Breaks Above Resistance But Faces Retest At Key Level Ethereum is currently trading at $2,771 on the daily chart after briefly breaking above the critical $2,800 resistance zone. This level has capped price action multiple times since early May, making this breakout attempt a significant development. However, today’s rejection from a high of $2,834 suggests that ETH is not yet ready to confirm a clean breakout and may be entering a short-term retest phase. The $2,750–$2,800 zone, now acting as immediate resistance, aligns closely with the 200-day simple moving average (SMA) at $2,654.52 — a historically important level that often dictates medium-term trend direction. ETH’s recent surge above all major moving averages, including the 50-day ($2,333.32) and 100-day ($2,085.42) SMAs, reflects growing bullish momentum and a strong trend structure. If Ethereum holds above the 200-day SMA on a retest and reclaims $2,800 with follow-through, the path toward $3,000 becomes more realistic. On the other hand, failure to hold this area could result in a slide back toward the $2,600–$2,650 support zone. Volume has picked up, indicating interest, but confirmation will come from sustained price above resistance. For now, ETH remains in a promising position — but the next few candles will be key. Featured image from Dall-E, chart from TradingView

An extended technical review aired Tuesday on Sistine Research’s YouTube channel has placed XRP at the top of the current market hierarchy and mapped a price trajectory that—if historical analogues and present chart structure hold—could lift the token as high as $73 in a late-cycle blow-off. Speaking during the firm’s regular live-stream, analyst Forrest began by ranking assets that have rallied since the US election on 5 November 2024. “XRP is the number-one performing coin since the election, the strongest coin on my watch-list,” he said, displaying a four-hour relative-performance chart that compared crypto majors, select altcoins, metals and equities. The next-best performers—HBAR and XLM—were described as “beta” plays that historically accelerate only after XRP begins to trend. Can XRP Reach $73 This Cycle? Forrest’s thesis hinges on what he called a “seven-year flag and breakout” visible on XRP’s monthly time frame. The pattern comprises the long consolidation that followed the 2017 bull market and a second, five-month bull flag carved out this year. “Why would I not own a chart that looks like this?” he asked, noting the rarity of multi-cycle structures that break decisively to the upside without retracing the move. In his view, the next critical trigger sits above $3.00–3.30, where XRP’s prior all-time high was set in January 2018. Once breached, the analyst argues, momentum traders who “feel like they’ve missed it” will encounter a higher-time-frame market that is in fact just warming up: “Above three dollars I get even more bullish. The higher this goes, the more bullish it becomes—up to a point, of course.” Forrest offered a ladder of profit-taking zones: $7–10 — initial resistance where early longs may start trimming. $17–37 — an intermediate band calibrated from Fibonacci extensions and prior percentage moves. $73 — the “absolute” target, projected by measuring the full height of the 2017 breakout and extending it from the current flag’s pivot. He acknowledged that the $73 figure “sounds crazy” with XRP trading near $2.28 at the time of the stream but argued that similarly outsized moves materialised in past crypto supercycles. During the 2017 run, XRP advanced roughly 1,400% from its breakout flag; applying a comparable ratio to today’s structure yields Forrest’s upper bound. While the tone remained unambiguously bullish, the analyst did outline scenarios that would invalidate the thesis. A decisive breakdown below the present trading range—he cited the $1.80–1.90 area—could force a “round-trip” to the mid-$1 zone and delay the upward resolution. For now, however, he sees range-bound price action as constructive: “As long as we’re holding range, I’m not entertaining the deep retrace.” Forrest also distinguished between holding spot XRP—“a no-brainer”—and employing leverage, reminding viewers that structural targets are measured in months and that leveraged positions may not survive interim volatility. Sistine Research’s macro overlay remains resolutely pro-risk through the summer. The firm’s proprietary “Bitcoin Blueprint” identified the 7 June–21 June window as a historically bullish pocket. That seasonal tailwind, combined with the technical setup, underpins Forrest’s conviction that XRP will continue to outperform not only rival tokens but also traditional safe-haven assets such as gold and silver, which the firm nonetheless holds as portfolio hedges. Whether XRP can emulate its 2017 trajectory will depend on broader liquidity conditions, regulatory milestones in the ongoing SEC litigation, and the extent to which institutional flows diversify beyond Bitcoin and Ethereum. Yet the Sistine Research desk is positioned as though the heavy lifting is already under way: “It’s slowed down a little recently, but I expect this overall trend to continue.” At press time, XRP traded at $2.32.

Ethereum price started a fresh increase above the $2,750 zone. ETH is now correcting gains and might test the $2,680 support zone. Ethereum started a fresh increase above the $2,800 level. The price is trading above $2,750 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line forming with support at $2,800 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,680 support in the near term. Ethereum Price Corrects Gains Ethereum price started a fresh increase after it found support near the $2,550 level, beating Bitcoin. ETH price was able to clear the $2,650 and $2,720 resistance levels. The bulls pushed the price above $2,800. ETH even spiked above $2,850. A high was formed at $2,880 and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move from the $2,483 swing low to the $2,880 high. Besides, there was a break below a key bullish trend line forming with support at $2,800 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,750 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $2,800 level. The next key resistance is near the $2,840 level. The first major resistance is near the $2,880 level. A clear move above the $2,880 resistance might send the price toward the $2,920 resistance. An upside break above the $2,920 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,000 resistance zone or even $3,120 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,820 resistance, it could start a fresh decline. Initial support on the downside is near the $2,755 level. The first major support sits near the $2,680 zone and the 50% Fib retracement level of the upward move from the $2,483 swing low to the $2,880 high. A clear move below the $2,680 support might push the price toward the $2,620 support. Any more losses might send the price toward the $2,550 support level in the near term. The next key support sits at $2,500. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,680 Major Resistance Level – $2,880

Solana (SOL) has surged 6.6% over the past week, raising hopes among holders that the digital asset may be on the cusp of a significant rally – one that could potentially propel it to new all-time highs (ATH). A combination of strengthening fundamentals and bullish technical signals supports this optimistic outlook. Solana Primed For A Spectacular Summer? According to a recent CryptoQuant Quicktake post by contributor burakkesmeci, SOL is currently undergoing a cooling phase on both the spot and futures Bubble Maps. The analyst shared the following chart to highlight this cooling period. For the uninitiated, a bubble map visualizes volume data across exchanges, with each bubble representing trading activity for a specific pair or platform. The size of the bubble indicates the total volume, while the color shows the intensity or change in that volume – such as cooling (green), neutral (gray), or overheating (red). At first glance, lower trading volume might seem like fading momentum. However, the CryptoQuant analyst suggests this deceleration could be a strategic accumulation phase, particularly as a potential catalyst looms on the horizon. Many in the crypto community are expecting the US Securities and Exchange Commission (SEC) to approve the first Solana exchange-traded fund (ETF) in the coming weeks. In an X post published today, Eric Balchunas, Senior ETF Analyst at Bloomberg, said Solana could lead a “potential altcoin ETF summer.” Meanwhile, predictions platform Polymarket currently places a 91% probability on a Solana ETF being approved in 2025 – the highest odds recorded since January of this year. Most speculators expect a SOL ETF to go live by July 2025. From a technical standpoint, things are also looking encouraging. In a recent X post, crypto analyst Ali Martinez remarked that if SOL breaks above the $200 mark, it could kickstart a 5x to 10x bull run. Martinez shared the following SOL weekly chart, which shows the digital asset forming a bullish Cup and Handle pattern. While the “cup” portion has already been completed, the emerging “handle” suggests the potential for significant price appreciation – possibly pushing SOL beyond $2,000. SOL Showing Promise But Take Caution Despite widespread optimism, some indicators urge caution. On-chain data recently revealed a large movement of dormant SOL coins, which has raised concerns about increased selling pressure in the near term. That said, a considerable number of analysts believe that SOL could surpass its current ATH of $293 later this year. At press time, SOL trades at $167.30, up 3.5% in the past 24 hours.

Bitcoin price started a fresh increase above the $107,500 zone. BTC is now struggling to clear $110,500 and might correct some gains. Bitcoin started a fresh upward move above the $108,000 zone. The price is trading above $107,800 and the 100 hourly Simple moving average. There was a break below a bullish trend line with support at $109,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh surge if it clears the $110,000 resistance zone. Bitcoin Price Corrects Gains Bitcoin price started a fresh increase after it settled above the $105,500 support zone. BTC was able to surpass the $106,500 and $108,000 resistance levels. The bulls even pumped the price above the $109,200 resistance. A high was formed near $110,375 and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move from the $105,477 swing low to the $110,373 high. Besides, there was a break below a bullish trend line with support at $109,450 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $107,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $109,250 level. The first key resistance is near the $110,000 level. The next key resistance could be $110,500. A close above the $110,500 resistance might send the price further higher. In the stated case, the price could rise and test the $112,000 resistance level. Any more gains might send the price toward the $115,000 level. More Losses In BTC? If Bitcoin fails to rise above the $110,000 resistance zone, it could start another decline. Immediate support is near the $108,000 level and the 50% Fib retracement level of the upward move from the $105,477 swing low to the $110,373 high. The first major support is near the $107,350 level. The next support is now near the $106,550 zone. Any more losses might send the price toward the $105,500 support in the near term. The main support sits at $105,000, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $108,000, followed by $107,350. Major Resistance Levels – $110,000 and $110,500.

A new bill that aims to clean up crypto regulation in the U.S. is charging through Congress. The CLARITY Act just cleared two key House committees with bipartisan support, setting the stage for a possible full vote. It’s designed to finally answer the question that’s been plaguing the industry for years: Who’s in charge, the SEC or the CFTC? But not everyone’s convinced this bill is the solution. Some Democrats are worried it might do the opposite of what the name suggests and actually open the door to more confusion, not less. Two Committees, One Giant Leap The bill flew through the House Financial Services Committee with a 32–19 vote, and the Agriculture Committee followed with a landslide 47–6. On paper, it sounds like a win for clarity. The CLARITY Act outlines when a digital asset is considered decentralized and who gets to regulate what. The big move here is handing the reins to the Commodity Futures Trading Commission for certain crypto tokens, pulling some oversight away from the SEC. Supporters think this will give builders and investors the consistency they’ve been craving. But there’s a catch. Loophole Worries: Decentralization or Just Good Acting? Tucked inside the bill is a “decentralization test” that’s raising eyebrows. Critics say it might be too easy for big companies to pretend they’re decentralized, even if they’re really not. This could lead to a flood of projects gaming the system, the kind of slick maneuvering you’d expect from Wall Street, not from blockchain builders. Former CFTC Chair Timothy Massad was one of several voices raising concerns. He warned that the bill might look like progress on the surface, but without strong coordination between regulators, it could backfire. Massad argued that the SEC and CFTC should work together to set joint rules instead of duking it out in court or letting companies slip through the cracks. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in May 2025 A Battle for Regulatory Turf This bill is not just about rules. It’s about who writes them. Right now, the SEC and the CFTC are often stepping on each other’s toes. The CLARITY Act tries to clean that up by giving more power to the CFTC, especially when it comes to treating tokens like commodities instead of securities. BitcoinPriceMarket CapBTC$2.16T24h7d30d1yAll time Backers of the bill say the CFTC is more familiar with these kinds of assets and will provide a more tailored approach. That could help speed up innovation and cut back on legal uncertainty. But it also risks sidelining investor protections if not handled carefully. The Road to a Full Vote Now that the committees have given the green light, the bill is headed toward a full House vote. Republicans are pushing hard, calling it a milestone for crypto innovation. But Democrats want to pump the brakes and tighten up the language around decentralization before anything gets locked in. The tension is real. The bill has momentum, but it also has gaps that need plugging. DISCOVER: 20+ Next Crypto to Explode in 2025 Why This Bill Actually Matters If it passes, the CLARITY Act could finally draw a line in the sand between different types of digital assets. That would give crypto developers, investors, and startups a better understanding of what rules apply to them and when. But if the bill falls apart, regulators will likely go their own way. SEC Chair Paul Atkins has already hinted that the agency will keep moving forward, whether or not Congress gets involved. That could leave the industry caught between clashing playbooks. Keep Your Eye on This One Over the next few weeks, amendments will be flying as lawmakers try to fix the parts of the bill that critics say are too soft. Meanwhile, crypto firms and policy analysts will be glued to the developments, hoping for a clear rulebook instead of more legal limbo. Whatever happens, this is the most serious crypto legislation Congress has looked at in years. It’s not just a regulatory fight, it’s a battle over how the country treats one of the fastest-moving tech sectors out there. This one’s worth watching. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways The CLARITY Act just passed two House committees, aiming to define how crypto assets are regulated in the U.S. and who oversees them. The bill shifts more authority to the CFTC, offering potential relief for crypto firms facing SEC uncertainty. A “decentralization test” in the bill has sparked criticism, with fears that companies could abuse it to avoid tighter oversight. Supporters say the Act promotes innovation and regulatory clarity, while critics warn it could weaken investor protections. The bill now heads to a full House vote, with lawmakers debating whether it offers real reform or opens the door to new loopholes. The post Lawmakers Push New Crypto Rules, But Is the CLARITY Act Too Vague? appeared first on 99Bitcoins.

Bullish, the Peter Thiel-backed crypto exchange, has confidentially filed for an initial public offering in the United States. The move signals that the company is ready to take another swing at going public after its first attempt, via SPAC, fizzled out during the crypto market’s downturn in 2021. The Bullish IPO is a calculated second attempt to go public, this time under better market conditions and with less noise. The filing allows Bullish to test the waters with regulators and investors behind the scenes before putting all its cards on the table. Why It Matters Now The timing is no accident. Bitcoin is back above $110,000, crypto stocks are heating up, and U.S. political winds are turning in crypto’s favor. Earlier this month, Circle pulled off a successful IPO, raising over $1 billion. Gemini has also filed confidentially. For Bullish, the window looks open again. Instead of waiting to see if the rally sticks, it’s moving while investor appetite is still high. What Makes Bullish Different Bullish launched in 2021 with $300 million in backing from Peter Thiel’s Founders Fund, Galaxy Digital, and others. It pitched itself as a high-performance crypto exchange tailored to institutions, think hedge funds, not hobbyists. Unlike more casual trading apps, Bullish is focused on serious infrastructure: strong liquidity, tight trading spreads, and tools designed for professional volume. It’s based in Gibraltar but wants a presence on U.S. public markets. That’s a big leap from its original SPAC plans, which were shelved when crypto collapsed in 2022. Tom Farley, the former president of the New York Stock Exchange, now leads the company. Jefferies is acting as the lead underwriter, though Bullish hasn’t said when it plans to list or what valuation it’s chasing. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 What’s Changed Since 2021 Back then, Bullish tried to go public with a $9 billion valuation via a merger with Far Peak Acquisition Corp. That deal fell apart when the market tanked. Now the landscape looks very different. BitcoinPriceMarket CapBTC$2.16T24h7d30d1yAll time Crypto has bounced back, at least partially. Institutional interest is on the rise. U.S. regulators, while still murky in their approach, seem more open to letting certain companies through the IPO gates. And companies like Circle and Bullish are taking full advantage of the moment. Part of a Bigger Wave Bullish isn’t alone. It joins a fresh lineup of crypto-native firms eyeing public listings. Circle’s success set a precedent. Gemini is quietly preparing for its turn. Even Robinhood and Coinbase are benefiting from the broader mood swing. For investors, this means more regulated ways to gain exposure to the crypto sector without directly holding tokens. DISCOVER: Best New Cryptocurrencies to Invest in 2025 What Comes Next Bullish will need to survive SEC scrutiny, market itself to investors, and eventually publish its numbers. That’s when we’ll find out how strong the business really is — whether it has the revenue, user growth, and market volume to stand out. If the IPO goes through and performs well, it could give the industry another shot of confidence. If not, it will reinforce how hard it still is to bridge crypto and Wall Street. Bottom Line Bullish is making a second run at the public markets, but this time it’s doing it quietly, strategically, and with a market backdrop that finally looks promising again. Whether this gamble pays off will depend on more than hype; it’ll come down to performance, timing, and whether investors believe crypto’s institutional future starts here. With a stronger pitch to institutions and a seasoned Wall Street CEO at the helm, the Bullish IPO could land differently this time. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Bullish, backed by Peter Thiel, has confidentially filed for a U.S. IPO after its 2021 SPAC attempt fell through. The exchange focuses on institutional-grade infrastructure, offering deep liquidity and trading tools for professional investors. Market conditions have improved since 2021, with Bitcoin above $110,000 and other crypto firms like Circle and Gemini making IPO moves. Tom Farley, former NYSE president, now leads Bullish, which aims to enter U.S. public markets with Jefferies as its lead underwriter. If successful, the Bullish IPO could reinforce growing confidence in crypto’s place within traditional finance. The post Peter Thiel’s Crypto Exchange Bullish Files for U.S. IPO appeared first on 99Bitcoins.

Solana is holding firm above the $150 level as bullish momentum builds across the broader crypto market. With both Bitcoin and Ethereum pushing into higher prices, investor sentiment is improving, and altcoins like Solana appear poised to follow once the major players confirm a breakout. After weeks of consolidation and volatility, the stage may be set for a stronger move if current trends hold. Top analyst Jelle shared a technical analysis revealing that SOL has formed a higher low on the chart—a key bullish signal—and is now charging back toward the range highs. This structure indicates growing strength and the potential for Solana to retest and break through key resistance levels if buyers maintain pressure. The $150 zone now acts as a short-term support base, and as long as SOL holds above it, the bullish case remains intact. A confirmed breakout in BTC and ETH could act as the catalyst Solana needs to enter a new phase of upside. With the market leaning bullish and Solana’s technicals aligning, traders are watching closely to see if this move is the beginning of Solana’s next leg higher in the ongoing altcoin cycle. Solana Approaches Resistance As Bulls Regain Momentum Solana is showing renewed strength after spending several days consolidating below the $160 level. With a fresh move upward, SOL is now pushing into key resistance just under $175, a zone that has capped price advances multiple times over the past few months. This renewed momentum comes as the broader crypto market heats up, with Bitcoin and Ethereum breaking higher and dragging sentiment with them. Still, despite the optimism, caution lingers. Most altcoins, including Solana, remain well below their all-time highs. Jelle highlighted a critical development in Solana’s structure: the formation of a higher low. This bullish signal suggests growing buyer confidence and technical strength, as SOL now charges back toward the top of its range. According to Jelle, a breakout above $185 would be the key trigger that opens the door to new all-time highs. While the short-term trend favors the bulls, one key hurdle remains — flipping the $175–$185 resistance zone into support. This region has consistently rejected upside attempts, and clearing it with strong volume and follow-through is essential for confirming the next leg higher. Until then, Solana remains in a recovery phase. But with improving market conditions and clear signs of accumulation, momentum is shifting. A confirmed breakout could mark the return of “Solana season,” where SOL reclaims leadership among top altcoins. For now, all eyes are on the $185 level — the line between consolidation and a potential explosive rally toward uncharted territory. SOL Price Action Details Solana is currently trading at $165.80 on the daily timeframe, showing continued strength after reclaiming the 50-day SMA at $160.99. Price is now approaching the 100-day SMA at $175.70 — a key level that previously rejected multiple breakout attempts. The recent bounce from the $142–$145 support zone marked a higher low, reinforcing a bullish structure and setting the stage for another attempt to break through resistance. Volume has been rising modestly as price moves higher, suggesting growing interest and momentum among buyers. The crossover between the 50-day and 100-day SMAs would add further confirmation of trend strength, especially if SOL can maintain its current pace and push above $175 with conviction. A breakout above $175 would likely open the door for a retest of the psychological $190–$200 range, which has acted as a supply zone in recent months. On the downside, a failure to clear the 100-day SMA could result in another pullback toward the $155–$160 support region. Featured image from Dall-E, chart from TradingView

Perpetua Resources (Nasdaq: PPTA) (TSX: PPTA) announced Wednesday that it has entered into an agreement with National Bank of Canada Financial Markets and BMO Capital Markets, on behalf of themselves and a syndicate of underwriters who have agreed to purchase 22,728,000 common shares of the company for $13.20 per share for $300 million. National Bank of Canada Financial Markets and BMO Capital Markets are acting as joint lead bookrunning managers for the offering. In connection with the Offering, Paulson & Co. has entered into an agreement to purchase $100 million of common shares. Perpetua said it intends to use the proceeds for the development of the company’s Stibnite Gold project in Idaho that is being fast-tracked by the Trump administration, in conjunction with the application for up to $2 billion in project financing submitted to the Export-Import Bank of the United States (EXIM) in May. Also in May, Perpetua obtained final federal approval last federal permit required to progress the project towards construction. Combined with the EXIM debt financing and royalty financing the company believes that the net proceeds from the offering and the private placement will provide it with sufficient capital to fund the project construction costs of $2.2 billion, along with additional funds for cost overruns and exploration activities. The Stibnite project, with its recently secured record of decision from the US Forest Service, is uniquely positioned to supply the critical mineral antimony, which is essential to national security and energy technology, the company said. The Stibnite project holds an estimated 148-million-pound antimony reserve — the only identified antimony reserve in the US and one of the largest reserves outside of Chinese control. Once in production, it could meet about 35% of US antimony demand during its initial six years of production, according to the 2023 USGS commodity summary. The company said expects the remaining state permits required to commence construction to be issued by the relevant agencies in summer 2025. Perpetua Resources stock was trading flat at market close in New York, but was down 9.8% in after-hours trading. The company has a $1.1 billion market capitalization.

Crypto analyst Babenski has declared that the XRP price is breaking for a breakout. The analyst highlighted a bullish pattern that was forming, which could spark a rally to a new all-time high (ATH). XRP Price Forms Flag Pattern Which Points To $5 In a TradingView post, Babenski revealed that the XRP price is forming a small flag pattern above a previous big accumulation zone. The analyst added that it looks like a breakout could happen soon. His accompanying chart showed that the altcoin could rally to as high as $5 on this breakout, which would mark a new all-time high (ATH). Crypto analyst Dark Defender also recently predicted that the XRP price could rally above $5 on Wave 5 of the impulsive move to the upside. He remarked that the altcoin has been descending since January 17 this year and that the support level is increasing. In line with this, the analyst noted that there is an intersection now. Dark Defender declared that this is where XRP will decide within two weeks. His accompanying chart showed that the XRP price could hit $5.8563 on this move to the upside. In another X post, he affirmed that the altcoin is already on its way to a new all-time high. Crypto analyst Egrag Crypto also highlighted the fact that XRP was at a crossroads and could make a major move soon. In his most recent analysis, he stated that the XRP is at a critical juncture with a major formation breakout. The analyst remarked that the probabilities are about 70% to 80% for an upside breakout and 20% to 30% for a downside move. He added that the breakout is likely to be triggered by some fundamental news and that the chart hints that this news is imminent. These fundamentals are expected to be strong enough to break through key resistance levels. Things Are About To Get Exciting For XRP In an X post, crypto analyst CasiTrades declared that things are about to get exciting for the XRP price. She noted that the entire consolidation structure is reaching its final moments. With price at a standstill and momentum dormant, she said that this is exactly how large market moves are born. CasiTrades mapped out subwave 2 extensions from the recent local low. She stated that if that was indeed the Wave 2 bottom, then the measured extension projects upside targets. These targets align in the $8 to $13 macro zone which she has been highlighting for over a year. The analyst noted that this kind of alignment across structure, time, and Fibonacci extensions is rare, which is why everyone should be macro bullish on the XRP price. At the time of writing, the XRP price is trading at around $2.29, down in the last 24 hours, according to data from CoinMarketCap.

Kakula mine looking north, with the Phase 1 and 2 concentrators in the background. Credit: Ivanhoe Mines Ivanhoe Mines (TSX: IVN) says it has restarted the western portion of the Kakula copper mine in the Democratic Republic of the Congo following its temporary suspension nearly a month ago. The underground mine, part of the company’s larger Kamoa-Kakula copper complex in the DRC, was forced to shut down on May 18 due to severe flooding that resulted from seismic activity in the region. The complex is Africa’s largest copper-producing operation, with majority ownership split between Ivanhoe and China’s Zijin Mining at 39.6% each, while the DRC government holds a 20% stake. Despite conflicted reports over the potential damage by Ivanhoe and its joint venture partner Zijin, industry analysts have said the mine should be able to resume once the necessary dewatering and remediation efforts are completed. On Wednesday, Ivanhoe confirmed that the western section of the Kakula returned to operations “in a safe and conservative manner” on June 7 after the flooding had stabilized following the installation of additional water pumping capacity. Mining activities in the eastern side are also expected to start imminently, focused solely on developing access drives to a new mining area east of the existing mine workings, it added. “We are thankful and deeply appreciate our team’s swift response to stabilize underground water levels in the Kakula mine and resume mining on the western side,” executive co-chair Robert Friedland commented. “The team has quickly secured the critical equipment needed to safely dewater the entirety of the mine, while preparing to access a new high-grade mining area in the east.” Revised guidance With the mining restart, Ivanhoe has presented a new 2025 production guidance for the Kamoa-Kakula complex: between 370,000 and 420,000 tonnes of copper in concentrates. This forecast, based on the midpoint of its guidance range, represents a 28% decrease over the company’s prior guidance (between 520,000 and 580,000 tonnes) set in January. With the downward guidance, shares of Ivanhoe fell 5.9% at C$10.86 apiece at Wednesday’s close, taking its market capitalization to C$14.6 billion ($10.7 billion). According to Ivanhoe, the guidance was revised down after taking into the probable effect of recent seismic activity and associated interruptions in operations at the Kakula mine. It also highlighted several risk factors that were taken into consideration, such as further seismic activity and infrastructure breakdown. In addition, management has also withdrawn its 2026 target of approximately 600,000 tonnes of copper production, pending further review. “While it’s still too early to outline our detailed plans for 2026 and 2027, the future remains bright across the Kamoa-Kakula copper complex,” Friedland reiterated in the press release. As previously disclosed, the Phase 1 and 2 concentrators at Kakula are still operating at approximately 50% of their combined operating capacity, processing ore from surface stockpiles. The processing rate of the concentrators is expected to ramp up throughout the remainder of 2025, as mining from the western side of the mine increases, Ivanhoe said. Meanwhile, mining operations at the Kamoa underground mine, as well as ore processing at the adjacent Phase 3 concentrator, continue to outperform, it added. With the necessary copper concentrate expected to be available, the on-site smelter is anticipated to start up in September, with first production expected in October 2025.

On-chain data suggests Ethereum doesn’t face any dominant resistance levels until $3,417, something that could open up the path to the mark. Ethereum Cost Basis Distribution Shows Resistance Ahead Is More Spread Out In a new post on X, the on-chain analytics firm Glassnode has talked about how the Cost Basis Distribution is looking for Ethereum right now. The “Cost Basis Distribution” is an indicator that tells us about how much of the asset’s supply was last purchased at which price levels. First, here is a chart that shows what the cryptocurrency’s latest breakout has been like from the perspective of this indicator: As displayed in the above graph, Ethereum has managed to break through a few notable supply levels with the latest price surge. Both the $2,700 and $2,740 levels hold the cost basis of about 1.3 million ETH, while the $2,760 mark holds that of 800,000 ETH. In on-chain analysis, levels concentrated with supply are considered important, due to the simple fact that investors are likely to show a reaction to price interactions with their cost basis. When this retest occurs from below, the holders may react by selling their coins. Loss investors can be desperate to get back into the green, so when the price does return to their break-even, they can panic and exit out of fear that they will go back underwater in the near future. Naturally, the more investors that share their cost basis at a particular level, the stronger this kind of selling reaction tends to be. As such, levels above that hold a significant amount of supply can act as resistance barriers to ETH’s price. Ethereum was earlier stuck under the aforementioned supply zones for a month, potentially because of this resistance effect, but now the cryptocurrency has finally reclaimed them. Just like how strong levels above can pose resistance, those below can be a center of support instead. As such, it’s possible that the role of the $2,700, $2,740, and $2,760 supply walls would now change. “These investors accumulated during consolidation and now will potentially form a strong support zone,” notes Glassnode. The support effect can arise from holders carrying a bullish mindset and looking at declines to their cost basis as dip-buying opportunities, or simply from them wanting to protect their acquisition boundary. Now, here is another chart shared by the analytics firm that shows how the Ethereum Cost Basis Distribution looks for the levels ahead of the latest spot value: From the graph, it’s visible that the levels ahead have the Ethereum supply distributed in a more uniform manner, with no strong clusters present until $3,417. More specifically, the price levels before this mark contain 200,000 to 400,000 ETH at every $50 gap. In comparison, the $3,417 level currently holds the cost basis of about 607,950 ETH. “If the $2.70K–$2.76K support range holds, the path to $3.42K remains technically open – but the response from holders in the $2.8K–$3.3K range will define how quickly ETH can climb – currently, it’s already 47.5% up QTD,” explains Glassnode. ETH Price Ethereum briefly broke above $2,830 in the past day, but the coin has since faced a pullback as it’s back at $2,780.

Log in to today’s North American session Recap for June 11. We cannot say the same as yesterday as it pertains to volatility: markets were very volatile – today's data sent markets seesawing all around. U.S. inflation data came in notably softer than expected, with Core CPI rising just 0.1% m/m versus the 0.3% forecast, bringing the y/y rate down to 2.8%. Headline CPI also undershot expectations at 0.1% m/m (vs 0.2% expected). The combination of resilient labor data and cooling inflation has boosted market sentiment, reducing fears of stagflation and reinforcing the case for a soft landing, although markets sold the news. The Nasdaq breached the 22,000 mark not once but twice in the day and still finishes lower on sell-the-news flows. Only the Dow finishes the day unchanged – let's keep an eye on these flows as selling such positive news gives a bad outlook ahead. The Canadian TSX did break new all-time highs though, as Canada gets ready to invest more into its Military for the times ahead. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Bitcoin’s recent price surge hasn’t stopped warnings of a steep drop. After rising 1.87% in 24 hours and 3.61% over the past week, Bitcoin trades near $109,192. According to Peter Brandt, a veteran trader, these gains could be setting up the biggest crash in years. Crash Scenario Outlined According to Brandt’s analysis, Bitcoin could plunge by as much as 75%. If that happens, today’s $109,800 price would fall to roughly $27,290. That level takes us back to the lows of early 2023. It would wipe out a huge chunk of value, reversing more than two years of gains. Few investors have models ready for such a steep slide. Historical Parallels With 2022 Based on reports, Brandt sees a replay of the 2022 chart. Back then, Bitcoin hit tops of $65K in April 2021 and $69K in November 2021. It then fell sharply into the bear market, losing more than half its value. This time around, the world’s top crypto formed highs above $108,000 in December 2024 and January 2025, then dropped under $100,000. After recovering near $112,000 last month, BTC may be gearing up for a similar breakdown. Trigger Points To Watch Key technical markers are flashing red. The 9-period EMA has just crossed below the 21-period EMA on the daily chart. In past sell-offs, that crossover marked the start of big downtrends. Traders will want to see if Bitcoin closes below both EMAs for a week or more. A failure to reclaim the $108,000 level could be the final trigger before panic sets in. Market Reactions And Risks Derivatives data is mixed but leans bearish. Trading volume jumped almost 30% to $100 billion, while open interest rose 1%. On Binance and OKX, the long/short ratios sit at about 0.5501 and 0.53, showing more shorts than longs. When too many people bet on a drop, a squeeze can follow—if the crash doesn’t start soon. Still, the current crowding could backfire if Bitcoin holds above support. Funds tied to Bitcoin have seen nearly $57 million in outflows over the past week. That may sound big, but it’s under 0.2% of the roughly $50 billion assets under management. By contrast, Ethereum products attracted $295 million. So while some money is leaving Bitcoin, it’s shifting around inside crypto rather than fleeing entirely. For now, Bitcoin sits at a crossroads. Will it break support and roll over toward the mid-$20,000s? Or will it shake off warnings and press higher? Either way, traders need to watch the $108,000 zone closely. According to Brandt, a 75% drop could catch unprepared investors off guard. Managing risk and keeping orders tight seems more critical now than ever. Featured image from Pixabay, chart from TradingView

The week had started on a relatively calm note in for currency markets as markets had been bracing for the US CPI release that came out this morning. Last week finished on a broadly positive note as Non-Farm Payrolls beat which gave some relief to a US Dollar that was selling heavily throughout the past week, with the DXY marking lows at 98.35 before consolidating higher. However, this morning's miss on the Inflation data, particularly on the Fed's favorite Core month-over-month (0.1% vs 0.3%) sent the Dollar Index lower and it is currently retesting last week's lows. The Canadian Dollar on the other hand has been holding and is broadly unchanged on the week against other currencies – more on this further in the article. 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 XRP price is turning bullish once again, with new technical analysis indicating that the altcoin could be on track for a fresh All-Time High (ATH). As the price moves toward breaking key resistance levels, analysts are calling for a potential surge above $4. Alongside this outlook, they have provided detailed trading guidance and identified the ideal timeframe for investors to consider taking profits. Master Ananda, a prominent TradingView analyst, has reported that XRP is currently showing strong technical signs of a bullish breakout that could lead to new all-time highs above $4.5. Despite experiencing a months-long downtrend, the cryptocurrency appears to be entering a powerful new growth phase that could bring its price significantly higher than previous ATH levels around $3.84. XRP Price Eyes Huge ATH Breakout Above $4.5 Notably, the TradingView analyst points to the bottom of a recent correction forming on April 7, with a peak established on May 12. This was followed by a 24-day retracement phase that ended on June 5, when XRP formed a higher low. Based on these price movements, Master Ananda notes that it’s been approximately 27 days since XRP last saw bullish price action, marking almost an entire month of consolidation. Related Reading: XRP Wave Structure Predicts Wild Fluctuations On Its Way To $4 ATH Nevertheless, the analyst highlights that the recent confirmation candle on June 8 supports the expectation that XRP is resuming its upward trajectory. The analyst’s chart illustrates a clear breakout from a descending trendline, followed by a shift into an ascending channel. This formation, paired with substantial volume activity and a bullish price structure, signals a possibly strong rally for XRP. Fibonacci levels drawn on the chart suggest that XRP could reach a near-term target of $4.5 (1.618 Fob) after surpassing upper resistance levels at $2.71 and $3.019. The chart also shows a potential for XRP to exceed this initial $4.5 level to reach $6.29 (2.618 Fib). Notably, Master Ananda predicts that XRP could reach a peak before most assets this cycle, as its bullish momentum had an early start with a historic run from $0.5 to slightly above $3 this year. The analyst also forecasts that once XRP reaches the top, a significant correction could follow, potentially marking the end of the current bullish setup. Analyst Unveils Trading Strategy And Take Profit Zone Beyond short-term price action, Master Ananda outlines a broader trading strategy focused on holding through the current growth wave. Rather than taking incremental profits around the $2.71 and $3.02 price highs, the analyst recommends that traders maintain a full position until XRP hits the $4.5 target and take-profit zone. This approach is designed to capture the maximum upside potential of this bullish cycle without diluting gains through early exits. Once XRP reaches this level, the analyst suggests taking profit partially—-not to exit entirely but to prepare capital for a potential redeployment during the next market retracement. Master Ananda also positions XRP as a lead indicator in what could be an extended altcoin bull market. A breakout above $4.5 will likely trigger explosive growth in lower-cap cryptocurrencies. While XRP is expected to generate up to 50% gains, these assets, according to the TradingView analyst, have the potential to yield returns of 150% in a single day.

SUI has quickly become a standout performer in the crypto market, posting a dramatic 150% gain from $1.71 to $4.30. Yet, not all is smooth sailing. A $215 million token unlock on June 1, 2025, threatens to introduce major selling pressure. Volatility Meets Opportunity: SUI Charts A Risk-Reward Path According to SirRichard’s latest update on X, SUI has exhibited notable price swings, but its long-term outlook remains firmly bullish. The token recently pulled off a remarkable 150% rally, climbing from a low of $1.71 to a high of $4.30. This explosive move caught the attention of traders, especially as it coincided with a golden cross formation on the daily chart, a classic technical signal that often precedes major bullish continuation. Based on this setup, SirRichard believes SUI could be preparing for an even more significant leg up, potentially targeting new highs around the $7.56 mark. If this plays out, it would represent a staggering 380% gain from earlier levels. However, he also warned that the journey may not be without obstacles, particularly as other technical and fundamental signals begin to surface. A recent bearish crossover in the Exponential Moving Averages (EMAs) may hinder SUI’s bullish momentum in the short term. Additionally, the token unlock on June 1, 2025, resulting in the release of approximately $215 million worth of SUI into circulation, poses a potential risk. Such a large supply event could introduce selling pressure and spark short-term volatility if not absorbed smoothly by the market. Currently, immediate support lies between $3.40 and $3.43, which could act as a cushion in the event of a dip. On the upside, resistance is building around the $3.50–$4.00 zone. A firm break above this level would reignite bullish momentum, paving the way for SUI’s next upward surge. Bearish Winds Loom, But On-Chain Strength Holds Ground On the other hand, if bearish sentiment intensifies, the price could fall toward the $2.33 level, a key support that could be tested. Such a move would likely challenge bullish confidence and introduce volatility in the near term. Despite this, the broader outlook is supported by impressive network activity. SUI’s ecosystem has seen over $40 billion in aggregator volume, a significant metric pointing to strong participation and interest. Even more encouraging is the 24% increase in activity over the last 30 days, highlighting a growing user base and rising utility. These fundamentals serve as a strong counterbalance to short-term risks. If sustained, they could provide a firm foundation for renewed bullish momentum. As such, any price dip may offer a fresh opportunity for long-term investors.

Stany Zjednoczone oficjalnie rozpoczęły budowę Rezerwy Strategicznej Bitcoina, a Bitcoin Hyper($HYPER) wspiera rozwój warstwy drugiej króla kryptowalut. Nowa struktura powstała z inicjatywy administracji Donalda Trumpa, która zdecydowała się wykorzystać skonfiskowane środki w celu zabezpieczenia cyfrowych aktywów. Ten ruch nie wynika z przypadku. Z danych udostępnionych przez Gemini i Glassnode wynika, że ponad 30% całkowitej podaży BTC znajduje się w rękach scentralizowanych podmiotów. Wśród nich są fundusze ETF, giełdy kryptowalut, przedsiębiorstwa oraz rządy. W raporcie podkreślono, że zaangażowanie instytucji publicznych może mieć istotny wpływ na rozwój rynku. Każdy dolar wprowadzony przez państwowy kapitał przekłada się na wzrost wartości rynkowej w wysokości 25 dolarów. Co więcej, generuje 1,70 dolara trwałego wzrostu wartości sieci. Tego typu wpływ sygnalizuje coraz większe znaczenie strategicznych rezerw w świecie cyfrowych aktywów. Nowy sygnał dla inwestorów długoterminowych Bitcoin przestaje być kojarzony wyłącznie z aktywem spekulacyjnym. Wzrost liczby zasobów przenoszonych z giełd do niezależnych depozytariuszy wskazuje na proces konsolidacji. Zmienność kursu uległa zmniejszeniu, co ułatwia planowanie inwestycji w dłuższym horyzoncie. Obecne cykle rynkowe nie przypominają już gwałtownych skoków i spadków. Sprawdź, jak kupić Bitcoina. Źródło: CoinMarketCap Zamiast tego charakteryzują się spokojniejszymi, bardziej stabilnymi wzrostami. Rezerwa Strategiczna działa nie tylko jako narzędzie ochrony wartości. Stanowi również dowód na to, że państwa zaczynają włączać kryptowaluty do swoich modeli zarządzania finansami. Dla inwestorów oznacza to zwiększoną pewność, a także nowe formy zaangażowania kapitału instytucjonalnego. Zjawisko to może wpłynąć na dalsze umacnianie pozycji Bitcoina w globalnym systemie finansowym. Bitcoin Hyper – nowa warstwa funkcjonalności Pomimo coraz większej akceptacji ze strony instytucji, główna sieć Bitcoina długo pozostawała ograniczona w zakresie możliwości technologicznych. Sytuacja ta zmienia się dzięki projektowi Bitcoin Hyper. W ciągu pięciu dni sprzedaż tokena $HYPER przekroczyła milion dolarów. Sprawdź też najlepsze kryptowaluty poniżej 1 dolara. To efekt rosnącego zapotrzebowania na rozwiązania, które rozszerzają funkcjonalność Bitcoina bez naruszania jego podstawowych zasad bezpieczeństwa. Bitcoin Hyper to druga warstwa Bitcoina zbudowana na maszynie wirtualnej Solany, która działa w połączeniu z bazową warstwą BTC. Taka konstrukcja pozwala uzyskać ponad 2 tysiące transakcji na sekundę, zachowując przy tym odporność na manipulacje oraz decentralizację. Użytkownicy mogą realizować szybkie przelewy, korzystać z aplikacji zdecentralizowanych, a także uczestniczyć w nowych formach aktywności, takich jak staking czy zdecentralizowany handel. Mechanizm działania sieci Bitcoin Hyper System opiera się na transparentnym modelu. Użytkownik deponuje BTC w inteligentnym kontrakcie, który weryfikuje transakcję na podstawie danych z łańcucha bloków. Następnie sieć emituje równoważny token, możliwy do wykorzystania w ekosystemie Bitcoin Hyper($HYPER). Po zakończeniu aktywności użytkownik może spalić token i odzyskać oryginalne BTC. W tle działają dowody zerowej wiedzy oraz weryfikacja danych przez light clients. Użytkownik przesyła bitcoiny do inteligentnego kontraktu, który potwierdza transakcję na podstawie danych z sieci głównej. Po weryfikacji powstaje równoważny token w sieci Hyper, gotowy do dalszego wykorzystania. Kiedy użytkownik chce wycofać środki, token zostaje unieważniony, a oryginalne Bitcoiny wracają do właściciela. Cały proces odbywa się z użyciem zaawansowanych metod kryptograficznych, które zapewniają bezpieczeństwo i zgodność z głównym łańcuchem bez konieczności angażowania pośredników. Właściciele tokena $HYPER mogą korzystać z produktów o podwyższonym zwrocie, zyskać dostęp do zaawansowanych narzędzi oraz uczestniczyć w dalszym rozwoju projektu. Twórcy aplikacji mają szansę uzyskać dofinansowanie i zwroty kosztów opłat sieciowych, jeśli zdecydują się wykorzystywać $HYPER w swoich kontraktach. Dane z rynku potwierdzają skuteczność modelu Bitcoin Hyper Podobne projekty już wcześniej osiągały znaczące wyniki. Arbitrum zgromadziło ponad 13 miliardów dolarów wartości zablokowanej oraz ponad milion aktywnych portfeli. Sieć Base, powiązana z Coinbase, przekroczyła wartość 2,5 miliarda dolarów i notuje ponad milion aktywnych adresów dziennie. Dane te to dowód na to, że dobrze zaprojektowane sieci drugiej warstwy mogą szybko zdobywać rynek i użytkowników. Bitcoin Hyper ma potencjał, żeby powtórzyć ten sukces i stać się jedną z najlepszych przedsprzedaży kryptowalut. Całkowita podaż tokenów została ustalona na 21 miliardów, bez alokacji dla uprzywilejowanych grup. Obecnie trwa przedsprzedaż tokena $HYPER, a jeden z większych inwestorów nabył niedawno tokeny za równowartość 55 tysięcy dolarów. Tego rodzaju ruchy ze strony dużych graczy często prognozują większe zmiany. Nowa rola Bitcoina w cyfrowym świecie Rozwój Rezerwy Strategicznej oraz wdrożenie sieci Hyper to dwa bieguny tej samej zmiany. Z jednej strony widać instytucjonalizację zasobów cyfrowych. Z drugiej pojawiają się narzędzia, które poszerzają zakres ich użycia. Bitcoin przestaje pełnić jedynie funkcję przechowywania wartości. Staje się środowiskiem operacyjnym dla całych aplikacji, usług i produktów nowej generacji. Bitcoin Hyper wnosi do sieci Bitcoina funkcjonalność, której dotąd brakowało. Dzięki nowej warstwie technicznej możliwe stają się szybkie transakcje, obsługa aplikacji finansowych, zdecentralizowanych projektów i rozwiązań opartych na inteligentnych kontraktach. Sieć zyskuje skalę, której wymaga nowoczesna gospodarka cyfrowa. Bitcoin nie pełni już wyłącznie roli cyfrowego magazynu wartości. W połączeniu z Bitcoin Hyper przechodzi transformację w platformę operacyjną dla szerszego ekosystemu finansowego. Może wspierać codzienne zastosowania, przepływy kapitału, tworzenie nowych usług oraz rozwiązań dla użytkowników i firm. Kup Bitcoin Hyper