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Bitcoin is holding above the critical $100,000 level following a weekend marked by heightened geopolitical tensions. The US attacks on Iranian nuclear facilities triggered panic across global markets, pushing BTC to a low of approximately $98,200 before a sharp rebound. The swift drop below six figures rattled investor sentiment and led to a spike in volatility as traders scrambled to adjust positions.

According to top analyst Axel Adler, the composite Sentiment Index fell to a monthly low of -20% over the past 24 hours, reflecting the bearish pressure dominating the market. Taker order volume showed a clear negative delta during the breakdown, indicating strong seller predominance as BTC breached the $100K level. Simultaneously, open interest declined sharply, suggesting that many participants were forced to reduce leveraged positions through liquidations.

Despite the intense pressure, Bitcoin has managed to recover above $100K, a sign that bulls are still defending this psychological level. However, market sentiment remains fragile. Continued macro uncertainty—driven by escalating Middle East conflict and rising global risk—keeps traders on edge. The coming days will be critical as Bitcoin attempts to stabilize and reestablish strength in the face of mounting fear and potential downside risk.

Bitcoin Holds Above $100K As Market Awaits Directional Clarity

Bitcoin is facing a crucial test as it attempts to hold above the $100,000 level after briefly dipping below it over the weekend. The sharp move lower, triggered by geopolitical turmoil after U.S. attacks on Iranian nuclear facilities, fueled panic selling and forced leveraged traders to unwind positions. However, bulls have so far defended the psychological level, and Bitcoin’s price has rebounded, suggesting that this area may be forming a new equilibrium after weeks of choppy consolidation.

Since early June, Bitcoin has mostly remained above the $100K mark, yet the inability to reclaim the $112K all-time high signals a lack of bullish momentum. Macroeconomic headwinds continue to weigh on the market, with rising US Treasury yields, a hawkish Federal Reserve, and heightened global tensions shaping investor behavior. Despite the recovery, the risk of another breakdown remains if BTC fails to reclaim the $103,600 and $109,300 resistance levels soon.

According to Axel Adler, the composite Sentiment Index fell to a monthly low of -20% during the recent drop, with taker volume dominated by sellers and open interest declining sharply due to liquidations. While sentiment remains bearish, the Advanced Sentiment Index has shown early signs of recovery, climbing from 20% to 37% as some traders begin buying into the pullback. Still, the mood remains cautious.

Adler notes that this partial rebound in sentiment and softening of the negative volume delta reflect growing interest in catching potential upside, but the market remains on edge. As long as Bitcoin holds above $100K, a fast recovery remains possible. However, any escalation in global conflict or further macroeconomic deterioration could undermine confidence and lead to a deeper correction. The next few days will likely determine whether Bitcoin resumes its uptrend or gives in to broader market pressure.

BTC Price Analysis: Struggling Below Key Resistance

The daily chart shows that Bitcoin is facing increasing pressure after failing to reclaim the $103,600 resistance zone. Following the recent rejection near $104K, BTC is now trading around $101,470, signaling a fragile attempt by bulls to hold the $100K psychological level. The recent dip to $98,200 marked the lowest point in weeks, triggering a spike in selling volume before a modest recovery. This area remains a crucial support for the short-term trend.

Bitcoin now sits below its 50-day moving average (currently at $105,003), a sign that momentum has shifted against the bulls. Meanwhile, the 100-day and 200-day moving averages at $95,829 and $95,970, respectively, may serve as fallback support levels in case of another breakdown. The lower highs forming since early June reinforce the bearish structure unless BTC can close decisively above the $103,600–$109,300 resistance range.

Volume remains relatively low on the recovery, suggesting that the bounce may lack conviction unless stronger buying interest emerges. If BTC fails to reclaim the 50-day MA soon, the path toward $94K becomes more likely. On the upside, bulls must flip $103,600 into support to restore market confidence and reopen the door for a retest of all-time highs.

Featured image from Dall-E, chart from TradingView

Crypto analyst Egrag Crypto has revealed that the XRP price has completed its bearish retest, following the recent decline below the $2 level. The altcoin is now eyeing a bullish reversal, and the analyst has predicted that it could rally to as high as $2.65. 

XRP Price Eyes $2.65 Following Completion of Bearish Retest

In an X post, Egrag Crypto stated that the key breakout zones are the narrow range between $2.30 and $2.33 and the macro signaling level at $2.65. This came as the analyst indicated that the XRP price has completed its retest of the $1.90 and $2 range, which he had earlier predicted. 

Commenting on the current XRP price action, Egrag Crypto stated that the next move depends on whether the altcoin breaks above $2.08. If not, he warned that XRP could again retest the lows around $1.9. On the other hand, if it closes above $2.08 within the first 12 hours, along with daily and higher timeframes candles closure, then it would signal that “bulls are stepping in aggressively.” 

A successful close above this level could trigger a rally to these breakout zones at the narrow range between $2.30 and $2.33 and the macro signaling level at $2.65. Egrag Crypto indicated $2.65 was the level that could pave the way for a massive surge to a new high. His accompanying chart showed that $3.4 is a level of interest for the XRP price if it reclaims $2.65. 

This Is The Final Shakeout For XRP

In an X post, crypto analyst CasiTrades provided a bullish outlook for the XRP price, declaring that this recent decline is not a failure but the final shakeout. She remarked that XRP is delivering the price action she has been looking for. This includes the bullish divergence, which formed following the altcoin’s decline to the $1.90 level. 

CasiTrades drew attention to the Bitcoin price action, which she said has built her confidence in the XRP price bullish setup. She claimed that BTC is showing the same structure as the altcoin. Over the past week, the flagship crypto approached its major .236 retracement near $97,000. BTC came shy of this level, bounced back, and now looks ready for that final sweep to support. 

The analyst affirmed that there will be a heavy confluence if BTC tags that level while XRP hits $1.90. CasiTrades mentioned that both assets are showing this same “almost hit, bounce, final drop” behavior and that it is no coincidence. She claimed that the markets do this all the time when looking for fuel to launch a reversal. If the XRP price holds $1.90 and BTC reacts at $97,000, she declared that it is the kind of stacked signal the market has waited weeks for. 

At the time of writing, the XRP price is trading at around $2, down over 3% in the last 24 hours, according to data from CoinMarketCap.

After weeks of trading above the $100,000 threshold, Bitcoin’s price has fallen below this psychological level with the heightened bearish state of the crypto market. However, the flagship asset has recovered to this level, and it is now trading slightly above $102,000. Within this waning price action is a positive trend and activity spotted among key BTC investors.

Classic BTC Whales Maintain a Neutral Stance

During the weekend, Bitcoin experienced a sharp decline as macroeconomic conditions remained bearish. On-chain data shows that BTC’s waning price action has not entirely influenced the conviction of many investors, especially whales.

Alphractal, a data analytics and investment platform, reported that the true and classic whale investors are still maintaining a neutral stance, neither bullish nor bearish. The platform revealed the development following its investigation of the Bitcoin Whale Transaction metric to gauge big investors’ transactions. 

According to the platform, the volume of on-chain BTC transactions over $100,000 stays at neutral to low levels. A look at the chart shows that this trend and position also occurred back in 2020, indicating a potential market reaction akin to that of the 2020 bull cycle.

Such steady behavior from whales points to a wait-and-see strategy by these investors, indicating neither terror nor euphoria. Despite short-term volatility, their neutrality might indicate greater market apprehension or faith in Bitcoin’s long-term course.

The on-chain platform highlighted that OG Whales usually shift enormous amounts of BTC during bull runs. However, this trend identified among these key investors in the bull market phase has not happened since 2022.

Bitcoin’s recent pullback has raised concerns about its near-term prospects as the flagship asset dropped to the Short-Term Holders Realized Price. Alphractal noted that Bitcoin had reached the STH realized price after declining below the $99,000 zone.

According to Alphractal, this is the point where it hits the average price of every BTC bought in the last 155 days. In the meantime, the expert has urged investors to be extra cautious since this could be the primary short-term support.

BTC To Rally In The Near Term

While BTC struggles to regain upside traction, Batman, a crypto expert, stated that the asset is still holding strong at support and showing good resilience. Since rising above the $100,000 mark, Bitcoin has maintained its position above this level for over 44 straight days, reflecting its resilience even during market whirlwinds. “That’s a good sign in the tough market we have seen lately,” he added.

Batman noted that if this support continues to hold, BTC may push toward the $120,000 level in the short term. This expected surge aligns with the last phase of the Wyckoff theory, which the expert believes will start sooner or later.

Talk of the US Securities and Exchange Commission’s long-running enforcement action against Ripple Labs dragging on into 2026 flashed across X over the weekend, after the pseudonymous trader “Altcoin Bale” warned followers that “SEC v XRP final decision could be delayed until late 2026” — a claim that ricocheted through crypto-X in minutes.

Within hours, Australian solicitor and veteran XRP commentator Bill Morgan counter-punched. “This is not on the cards unless Judge Torres rules against the latest joint motion and rather that make the common sense decision to live with the summary judgement decision and the current penalty and permanent injunction, the settlement process breaks down completely and both parties run their appeals. An improbable outcome.”

XRP Lawsuit: Why 2026 Is A Stretch

Morgan’s confidence rests on hard procedural facts. On 13 June Ripple and the SEC filed a joint Rule 60(b)/62.1 motion asking Judge Analisa Torres to dissolve last year’s injunction and redistribute the $125 million civil penalty now sitting in escrow — $50 million would satisfy the SEC; the remaining $75 million would be returned to Ripple.

The filing also proposes that, if Torres signals she is inclined to grant it, both sides will seek a limited remand from the Second Circuit so the district court can enter a revised final judgment and terminate all appeals. Critically, the Second Circuit has already paused those appeals and ordered the SEC to file a simple status report by 15 August 2025. That administrative date — now being mis-read as a litigation deadline, doesn’t mean the final decision will take until 2026.

Judge Torres’ July 2023 summary-judgment split the case, holding that institutional sales of XRP were unregistered securities offerings but programmatic exchange sales were not. After remedies briefing, she entered a $125 million penalty and a permanent injunction in August 2024. Both sides noticed appeals, but in March 2025 the SEC withdrew its challenge to the programmatic-sales ruling and signalling a broader retreat from crypto-first enforcement. The parties then began settlement talks that produced the current joint motion.

The renewed request goes further than the May version Torres rejected for procedural defects: it lays out “exceptional circumstances” — chiefly, the policy shift at the SEC and the parties’ mutual interest in ending the litigation — that courts require before modifying a final judgment under Rule 60(b)(6). If Torres issues the “indicative ruling” the motion seeks, the case would likely return to her docket on limited remand and close swiftly without full appellate briefing.

Morgan concedes that total settlement failure is “not impossible.” If Torres were to deny the joint motion and decline to dissolve the injunction, both sides would revive their cross-appeals. That procedural reset could indeed postpone a conclusive ruling into late 2026 — but only under that narrow, two-step scenario he deems “improbable”.

At press time, XRP traded at $1.99.

Crypto scams have become more frequent and more sophisticated as the industry grows. Billions of dollars have been taken by malicious actors targeting crypto users, and even those with a technical background have failed to avoid them.

Coinbase Scams Affects Elderly Victims

Top investigator ZachXBT unveiled a scam allegedly conducted by Christian ‘DayTwo’ Nieves. According to the investigation, the bad actor stole over $4 million from Coinbase users by impersonating a customer support representative for the crypto exchange.

As seen on the image below, and as per the investigation, the perpetrator used the stolen funds to buy luxury items. ZachXBT claims that most of the stolen funds were lost while gambling at online casinos.

The investigator explained the Modus Operandi used by DayTwo to conduct the scam. As per the findings, the bad actor operated a call center where he also worked as a caller, later he convinced crypto users to install and set up a Coinbase wallet.

These wallet’s private keys were compromised, allowing the group to move and withdraw funds without the owners’ authorization. In order to verify the malicious activities conducted by Daytwo and his associates, ZachXBT tracked a $240,000 transaction stolen from an elderly victim.

As seen in the video, recorded in November 2024, $240,000 were directly linked to the wallet involved in the scam. A portion of the stolen assets were converted to Monero (XMR) and deposited into an online casino, Roobet.

5/ Daytwo likes to gamble on Discord calls with friends.

The recording below shows his Roobet username ‘pawsonhips’ where he leaks his deposit address in a browser tab.

0x940970549037634c517deb741b16112b52e0ced1 pic.twitter.com/i38XVbocUu

— ZachXBT (@zachxbt) June 23, 2025 

Stolen Funds Lost in Crypto Gambling

ZachXBT also claims that it was usual for DayTwo to gamble with his friends while streaming on Discord. In one of these sessions, DayTwo shows his user name for the online casino Roobet, ‘pawsonhips,’ accidentally leaking one of the addresses connected to the scams.

The investigator stated:

I traced out his casino deposit address which links onchain to 30+ suspected thefts. I expect there’s many additional victims I am unable to directly link. While there’s potentially overlap between multiple threat actors the vast majority of activity pertains to Daytwo.

As DayTwo lost more and more funds on the online casino, and the proceeds from the scams declined, the less funds he deposited on Roobet. Moreover, the bad actor and his friends also openly discussed criminal activities on their Discord calls. ZachXBT added:

It’s rare we see a social engineering scammer with such blatant disregard to mask their identity while flexing stolen funds all over social media.  As Daytwo is not a minor it’s a rather easy case for law enforcement to pursue. Sadly any recovery for victims is likely a small amount given the funds were mostly gambled away after thefts.

Cover image from Unsplash, chart from Tradingview

After a turbulent price action over the weekend that saw Dogecoin briefly dip below $0.15, the meme-inspired cryptocurrency is now back again to testing an important technical level. Particularly, DOGE is now revisiting the 100-week Simple Moving Average (SMA), which has served as a strong support line for more than a year on the weekly candlestick timeframe, raising questions about what might unfold next for its price movement.

Dogecoin Revisits Familiar Support Line

Dogecoin’s recent extended price decline saw it break below $0.15 very briefly in the past 24 hours. Notably, Dogecoin slipped below $0.16 on Saturday for the first time since April, extending a downtrend that’s seen its price fall about 36% in the past 30 days. Over the weekend, DOGE’s price dropped to around $0.143 before rebounding to approximately $0.153 behind heavy trading volume of over five times the recent daily average. 

Interestingly, this downward price action has seen DOGE now retesting a technical indicator that has had an important hand in its price action over the past year. This phenomenon was first noted on the social media platform X by crypto analyst Trader Tardigrade.

The chart shared by the crypto analyst on X captures an important pattern. DOGE’s weekly candles have repeatedly bounced off the 100 SMA over the past year, which has made it a vital technical floor for the meme coin. Each time Dogecoin’s price approached or dipped slightly below this moving average, it quickly recovered and went on uptrends.

Dogecoin’s brief plunge to around $0.143, its lowest point since early April, before rebounding above $0.15, has now placed interest with the 100 SMA, which could serve as a launchpad once again if bullish sentiment seeps in.

DOGE Price Zones To Watch

Right now, the important thing is whether Dogecoin can maintain its footing above the $0.145 to $0.151 support zone. The quick rebound following the weekend’s drop below $0.15 shows that buyers are still stepping in at this level. However, any signs of weakness could invalidate the bullish outlook of a bounce off the 100 SMA.

On the upside, reclaiming the $0.153 to $0.16 resistance range with volume confirmation would lend credibility to the idea that Dogecoin is ready for another rally from the 100 SMA. If that happens, price history shows Dogecoin could mirror previous reactions off this moving average and set up a rebound to a resistance level between $0.19 and $0.21. If the current retest leads to another successful bounce, a projection of the most recent bounce shows a move to at least $0.3 could be next.

At the time of writing, Dogecoin is trading at $0.1547, down by 2% in the past 24 hours.

Despite holding interest rates steady between 4.25% and 4.5% since December 2024, the Fed may finally be ready to pivot. Federal Reserve Governor Christopher Waller has hinted that the first rate cut could arrive as soon as July, signaling a potential shift in monetary policy.

Waller thinks that the effects of Trump’s tariffs are now fully factored in, meaning there shouldn’t be any further downside risk. He has urged the Fed to be more proactive and not wait for the labor market slump before cutting rates.

It’s worth noting that the Fed has kept the rate steady in its latest June 18 statement. However, as market expectations swell, we might see a rate cut sooner rather than later.

Read on as we dig into the rate cut situation and also recommend a few tokens that could be the next crypto to 1000x as a more lenient policy change fuels risk-on sentiment.

Opposing Views Within the Fed

Mary Daly, the San Francisco Fed president, portrayed a more conservative approach when talking about rate cuts.

Daly believes that the Fed should wait till this fall to make a decisive move. And in the meantime, the committee should collect more economic data on various possible outcomes, including labor market trends.

As per reports, 12 out of the 19 Fed meeting participants expect at least one rate cut this year.

If rate cuts kick in, which they should, borrowing costs will go down, fueling more investments in non-traditional and ‘risky’ assets like crypto.

To help you stay ahead of the curve, we’ve handpicked three top cryptos that we believe could be the perfect portfolio boosters.

1. Snorter Token ($SNORT) – The Next Crypto to 1000x, Powering the Snorter Bot

$SNORT is a new cryptocurrency that powers the Snorter Bot, a powerful trading bot built into Telegram, allowing users to snipe liquidity in new meme coins on Solana (support for other blockchains coming soon).

All you have to do is give Snorter Bot a token-launch address. Then, it will automatically set up a buy order, meaning you’ll be able to buy new meme coins as soon as liquidity appears.

In other words, Snorter will allow you to get in when the prices are at their lowest, i.e., before the tokens pump.

Snorter is also incredibly secure. It runs all trades through MEV-resistant relayers, protecting you against front-running and sandwich attacks, as well as rug pulls, honeypots, and scams.

Although Snorter Bot offers a very competitive 1.5% trading fee, you can bring this down to an industry-best 0.85% by becoming a $SNORT holder.

If you buy Snorter Token now, you can potentially make 3,200% in less than five years, seeing as $SNORT is predicted to reach $3.25 by 2030.

Speaking of buying $SNORT, each token is currently available for just $0.0959, and the project has, in total, raised over $1.2M in early investor funding.

2. Bitcoin Hyper ($HYPER) – Bitcoin Layer 2 for Fast & Low-Cost Transactions

Bitcoin Hyper ($HYPER) is another utility token that has the potential to become the next crypto to explode.

According to our research-backed $HYPER price prediction, the token can surge 12,400% and hit $1.25 by 2030.

Such brain-melting numbers are a direct reflection of Bitcoin Hyper’s mission. It aims to introduce low-cost, fast transactions and smart contract capabilities to the Bitcoin ecosystem.

Although Bitcoin is a force to reckon with as a store of value, it’s nowhere near as popular as Ethereum or Solana when it comes to dApps.

$HYPER will build a Bitcoin Layer 2 that will combine Bitcoin’s security with Solana’s scalability, low transaction fees, and programmability.

Using a Canonical Bridge, $HYPER users will be able to convert their original $BTC into wrapped $BTC, which can then be used to interact with dApps, trade on decentralized exchanges, and earn staking yields across the Bitcoin L2 ecosystem.

Once you’re done, raise a withdrawal request on Bitcoin Hyper’s Layer 2. It will verify the transaction and release your corresponding $BTC back to your Bitcoin address on Layer 1.

Note that Bitcoin Hyper is currently in presale (more than $1.5M raised), which is why it’s available for a low price of $0.012. For more information, check out our detailed Bitcoin Hyper buying guide.

3. Useless Coin ($USELESS) – Viral New Meme Crypto with 1000x Potential

Useless Coin ($USELESS) is the internet’s perfect revenge on utility-backed altcoins and the best meme coins.

It’s built to promote ‘nothingness,’ as if to convey that there’s beauty in being a token of no use except, well, satire and humor.

$USELESS doesn’t come with any governance mechanics or staking, with liquidity fees being the only way it ever generates any revenue.

Thanks to strong community backing, $USELESS has emerged as one of the top trending cryptos, having gained around 24% since its launch just over a week ago.

One $USELESS token is currently priced at $0.1015, but given its amusing take on the modern meme coin scene and strong community hype (trading volumes are up 44% in the last 24 hours), you can expect it to hit triple-digit gains in the next few weeks.

Final Thoughts

With the US expected to adopt a controlled, proactive approach to cutting interest rates, which could begin as early as July, Wall Street could take it as a green light to increase investments across all risk markets, including crypto and the best altcoins.

If you’re looking for explode-worthy cryptos, have a look at utility tokens like Snorter Token ($SNORT) and Bitcoin Hyper ($HYPER).

However, make sure you do your own research before investing. None of the above is financial advice, and there are no promises in crypto thanks to the market’s uncertainty.

According to reports, MicroStrategy (rebranded to Strategy) CEO Michael Saylor dropped another hint that his company is ready to add more Bitcoin to its already massive stash. He shared a simple chart on X with the phrase “Nothing Stops This Orange.”

It wasn’t some marketing slogan. It was a signal. Strategy now holds over 592,000 BTC, valued at nearly $60 billion, with Bitcoin trading just under $101,000. Short tweets from Saylor have sparked fresh buying runs before. This time could be no different.

Michael Saylor Teases New Bitcoin Buy

Michael Saylor’s cryptic post is more than a rallying cry for crypto fans. It follows a string of similar hints that led Strategy to pick up large chunks of Bitcoin at key price dips.

Nothing Stops This Orange pic.twitter.com/NwtiXWl4MT

— Michael Saylor (@saylor) June 22, 2025

Based on history, traders and investors watch his every move. He’s built a reputation for turning a single line on social media into a multi-million-dollar acquisition. If past patterns hold, we could see the company locking in more BTC by mid-year.

Lawsuit Accuses Execs Of Misleading Investors

Last Friday, a shareholder filed a derivative suit in Virginia federal court. Abhey Parmar claims that Saylor, CEO Phong Le, CFO Andrew Kang and four board members failed in their duty.

According to the complaint, they “made materially false and misleading statements” about a January accounting change. The suit says the team downplayed the impact and risk of Bitcoin’s wild price swings before the Q1 report.

New Accounting Rule Triggers $6 Billion Loss

Strategy adopted a Financial Accounting Standards Board rule that kicked in a month earlier. The switch let companies value crypto holdings at estimated market prices. It backfired for Strategy in April.

The company recorded a $5.9 billion unrealized loss on Bitcoin, and its shares slid nearly 10% in the days after the results. Investors were caught off guard by how big the hit turned out to be.

Insider Sales And Stock Recovery

The lawsuit also highlights nearly $32 million in stock sales by top execs before the loss became public. Parmar argues those sales came while the share price was “artificially inflated.”

Still, Strategy shares have clawed back most of their losses. They jumped from a low of just under $237 in early April to up to nearly 28% so far this year. That rebound shows many traders are still betting on Saylor’s long-term vision.

Featured image from Unsplash, chart from TradingView

Allegations that Wall Street is deliberately suppressing Bitcoin’s price are nothing new—but according to James “Checkmate” Check, they’re nothing more than fiction. In a wide-ranging appearance on the G’day Bitcoin podcast, the Check on Chain analyst directly addressed the conspiracy theories circulating across X, asserting that the appearance of price stagnation is entirely natural—and misunderstood.

Is Bitcoin Being Held Down?

“The number one source of price suppression is people’s boredom,” Check said early in the interview, responding to a wave of online frustration about Bitcoin’s apparent refusal to rally despite consistent institutional demand. In his view, the idea that the price is being “held down” by some external manipulator fails to grasp the basic mechanics of markets: every buyer requires a seller.

At the heart of the claim is a contradiction. Users on X point to billion-dollar purchases from entities like Strategy and ask why the price has gone nowhere. Check’s answer was as simple as it was blunt: “People are selling billions of dollars to Saylor.” That’s how the price stays flat.

The misconception, he argues, stems from a flawed understanding of how markets absorb liquidity. “It’s just really, really simple,” he repeated. “When you hit the buy button, you don’t want the market to send. Saylor wants to buy and then the market moves, right? That’s just how markets work. Get over it.” Far from being evidence of foul play, the sideways action—what he calls “chop-solidation”—is a normal, healthy process in which markets digest previous gains.

He explained the term “chop-solidation” as a fusion of technical consolidation and the Choppiness Index, a volatility oscillator that signals the degree to which a market is trending or ranging. The current period of stasis, hovering above $100,000 for weeks, follows an aggressive multi-month rally from the post-FTX lows. In such conditions, according to Check, a pause is inevitable. “Markets cannot go up or down in a straight line.”

But why does the idea of manipulation persist? For Check, it’s psychological. “People get so bored,” he said. “They start concocting these stories.” He likened the current mood to earlier phases in the cycle—$20–$30K in 2023, or the long sideways movement between $45K and $75K. In both cases, people cried manipulation, only for the market to eventually break higher.

The real frustration, he suggests, lies in investors’ emotional volatility, not price volatility. “You’re a stone’s throw from the all-time high,” he said. “It goes down to go up. Like, that’s so often how this plays out.” Either the market spikes violently upward, catching traders off guard, or it dips just enough to trigger fear and capitulation—before snapping back and leaving skeptics behind. “People will capitulate and panic and then it will just springboard straight up to new all-time highs.”

Chop-Solidation Is Needed

In Check’s view, the pattern is clear. Consolidation after expansion. Panic after boredom. Breakout after capitulation. There is no need to invent dark motives. “This is how bottoms get formed.” And if you’ve been around Bitcoin long enough, he implies, you’ve seen this movie before.

His broader message is aimed at calming emotional overreactions. “Chop-solidation is part of the process,” he insisted. “That’s how markets work.” Far from being orchestrated by institutions to accumulate at low prices, the range-bound nature of Bitcoin is the market’s way of preparing for the next leg—whether up or down.

In sum, Check dismantled the manipulation narrative with a data-backed, experience-driven view: the illusion of suppression isn’t a function of centralized control but of collective impatience. The price isn’t rigged—it’s resting. And when it moves, it won’t be because of a conspiracy. It’ll be because the market, as it always does, is simply doing its job.

At press time, BTC traded at $101,940.

Institutional investors led by Metaplanet and Cardone Capital went on a buying spree over the weekend as Bitcoin’s ($BTC) value fell below $100K due to geopolitical tensions in the Middle East.

If you’re looking for a similar investment, the best altcoins also offer great buying opportunities during these uncertain times.

Crypto presales, in particular, offer investors of all sizes to grab tokens cheaply. They typically cost several cents and undergo regular price increases, which drive up their value. We’ll show some of the most promising ones later in the article.

But first, what happened in Iran, and how is this impacting crypto markets?

Bitcoin Slips Below $100K as US Bombs Iran

On Friday, the US attacked several Iranian nuclear facilities, which came after Israel launched a preemptive strike on the Islamic country the week prior. The strike codenamed ‘Operation Midnight Hammer’ caused further shocks in the market including the crypto market.

According to data from CoinMarketCap, $BTC’s market capitalization dropped to $2.01T over the past 24 hours, which also saw the cryptocurrency’s value briefly drop to $98.5K.

Metaplanet, Cardone Capital Save the Day

Institutional investors immediately bought the dip led by Japanese investment firm Metaplanet, which bought $118M worth of Bitcoin. The purchase put its holdings at 11,111 $BTC, which is valued at around $1B.

Meanwhile, US real estate company Cardone Capital bought 1K $BTC worth around $100M over the same period. Its CEO Grant Cardone revealed on X that they are planning to purchase an additional 3K $BTC this year.

If you’re looking for buying opportunities at the current market situation, these three top trending crypto are some of the most promising around:

1. Snorter Token ($SNORT) – Find the Latest Presales at Lightning Speed

The current chaos around the market shows how difficult it is to stay ahead of the curve, especially in crypto. This is especially true with presales, which bots and whales typically find before anyone else. Snorter Bot wants to change that.

As a Telegram-native trading bot, Snorter Bot lets you find new crypto presales before anyone else. You can also buy crypto, manage your portfolio, and even copy trades all within the Telegram messaging app.

Powering this bot is Snorter Token ($SNORT). Buying the project’s native tokens gives you exclusive perks, including low transaction fees, staking rewards, and everything else the bot has to offer.

To get $SNORT, go to the Snorter Token presale page, connect your crypto wallet (e.g., Best Wallet), enter how many tokens you want to buy, and pay using your credit/debit card or crypto (e.g., $SOL, $ETH, $BNB, or $USDT). It only costs $0.0959, making it a pretty affordable investment.

You also have the option to stake your tokens for a 269% APY, which allows you to earn passive rewards. If you prefer to HODL, then you could get the opportunity to see your tokens’ value appreciate up to $3.25 each by 2030, according to our Snorter Token price prediction.

2. Best Wallet Token ($BEST) – Store Your Crypto in a Highly Secure Crypto Wallet

If you decide to stock up on crypto, it’s also essential to have a secure crypto wallet in your pocket. This is where Best Wallet comes in.

It’s a non-custodial crypto wallet, which means that you own the private keys. This gives you total ownership and control over your keys and tokens. As long as you keep these keys secure, no one else will have access to your digital assets.

To get the most out of Best Wallet, you can get its native Best Wallet Token ($BEST). As a token holder, you’ll get low transaction fees, early access to presales on its Token Launchpad, and governance rights that let you vote on key decisions on the Best Wallet ecosystem.

At the moment, you can buy $BEST for only $0.025225 each. But there’s a price increase happening tomorrow, so better grab tokens while they’re still this cheap. For more information about getting $BEST, check out our Best Wallet Token buying guide.

3. Neo Pepe ($NEOP) – Support the Return of Crypto Decentralization

With the entry of institutional investors and great adoption by traditional banks and governments, cryptocurrencies have truly become mainstream. But along with that came the erosion of decentralization, which used to lay at the heart of these digital assets.

Neo Pepe ($NEOP) aims to fight this growing crypto centralization. By supporting the project, you’ll be able to help bring back decentralization to the forefront with its emphasis on authentic community governance.

As an investor, you’ll have a direct influence on the project’s strategic decisions, including exchange listings and important developments in the project.

Its token presale, which was launched earlier this month, has already raised a whopping $2M and shows no signs of slowing.

With Great Uncertainty Comes Great Opportunity

The likes of Metaplanet and Cardone Capital are great examples of finding opportunities in a highly volatile market. While not many of us can spend hundreds of millions of dollars on $BTC in one go, altcoins like Best Wallet Token ($BEST) and Snorter Token ($SNORT) provide alternative investment options that are kinder to our pockets.

But if you’re considering investing in this highly volatile market, be sure to do your own research first. This article isn’t financial advice and should only be used for educational purposes.

Bitcoin ($BTC) bounced back to $101K late Sunday, shaking off losses incurred after US and Israeli airstrikes on Iranian nuclear sites early that morning.

Amid the chaos, BitMEX’s Arther Hayes predicted that $BTC will rebound thanks to ‘its safe haven status.’

As $BTC looks to strengthen its position as a store of value, now could be a prime time to eye BTC Bull Token ($BTCBULL), one of the best long-term crypto to hold.

$BTCBULL will distribute free $BTC when the #1 crypto reaches key targets. As such, you can capitalize on the success of the world’s largest crypto, now worth ~$102K, for less than a cent.

$BTC Survives Geopolitical Shock, Holds Key Support Levels

Over the weekend, $BTC briefly dipped below $98.5K following US and Israeli airstrikes on Iran’s nuclear facilities.

Dubbed ‘Operation Midnight Hammer,’ the strikes targeted key sites in Iran’s nuclear infrastructure – Fordow, Natanz, and Isfahan – using more than 125 warplanes and bunker-buster munitions.

The shockwaves rippled through the crypto market. Yesterday, $ETH plunged ~10%, and assets like $SOL, $XRP, and $DOGE fell to multi-month lows.

$BTC, however, rebounded quickly. After dropping from a ~$103K high to a ~$98K low, it has since stabilized at ~$102K.

Ahead of Bitcoin’s rebound, Hayes suggested that further money printing will prompt investors to turn to $BTC to protect against inflation.

Additionally, 0x Research’s Markus Thielen said that as long as $BTC remains above the short-term realized price of $98K and the $100K trend support, ‘traders can continue to look for tactical rally opportunities.’

Crypto trader DonAlt also noted that $BTC is mimicking gold’s 2024 breakout, consolidating below key resistance before a potential surge. If history repeats itself, it could be on the verge of a major move.

As $BTC strengthens its position as digital gold, $BTCBULL offers a way to tap into the OG coin’s upside every time it climbs.

$BTCBULL Raises $7.3M+ Ahead of Handing Out $BTC

$BTCBULL is gaining significant traction, having already snagged over $7.3M on presale.

It’s attracting hype over the real $BTC airdrops it offers when the crypto leader hits major milestones: $150K and $200K.

Plus, when $BTC hits $250K, holders can claim a share of a massive 2.1B $BTCBULL airdrop.

Since Hayes predicts $BTC could hit $250K by this year’s end, these rewards might be just around the corner.

To qualify for the airdrops, you only need to hold $BTCBULL in Best Wallet, a top non-custodial crypto wallet. To enjoy lower fees while using the wallet, purchase a bit of $BEST, its native token.

To earn more passive income, you can stake $BTCBULL at a commendable 56% APY.

$BTCBULL also has planned deflationary token burns at $125K, $175K, and $225K, aiming to reduce supply and potentially boost its value.

With whales dropping $31.9K, $20K, and $14.3K into the presale recently, major industry players clearly see $BTCBULL as having serious upside potential.

Win Free $BTC as It Solidifies Its Role as a Safe-Haven Asset

$BTC’s swift recovery after a significant black swan event shows how resilient it is as a safe-haven asset.

With Hayes, Thielen, and DonAlt all pointing to bullish $BTC signals, market momentum is building.

If their predictions hold, the next big breakout could be moments away. As such, there’s no better time to grab some $BTCBULL and earn free $BTC when it hits new highs.

You can buy $BTCBULL on presale for just $0.002575. If market conditions remain favorable, it could reach $0.06467 by year’s end, marking an ROI of 2,411%.

This isn’t financial advice. Crypto investments come with risks, so always DYOR before investing.

The Solaxy presale is nearing its end, with 5 left on the clock. This means it’s the last chance to buy Solaxy before the project goes public.

The presale has accumulated almost $58M, making it one of the best presales of 2025 by far. With a token price of $0.001766 and the promise of sustained chart performance post-launch, Solaxy presents itself as a great investment opportunity.

What Is Solaxy?

Solaxy ($SOLX) is the Layer 2 upgrade to the Solana ecosystem, promising to fix one of Solana’s most pressing problems: network congestion.

Network congestion is responsible for problems like slow transaction speeds, high network costs, and even downtime during periods of high trading volume.

Solaxy fixes these issues through off-chain execution and parallel processing to ensure low latency and near-instant finality. When implemented correctly, Solaxy will upgrade Solana’s performance and considerably cut down on-chain costs.

The project is undergoing continuous development, with the developers posting regular updates to record their progress.

One of the latest and most important ones occurred on June 10, 2025. The devs announced the implementation of the Hyperlane Bridge to ensure low-latency transfers and a user-friendly UX.

According to the project’s whitepaper, Solaxy’s roadmap consists of three phases:

• Phase 1: Foundation – Launching the presale, set up the staking rewards, and create community engagement.
• Phase 2: Expansion – Release the Token Generation Event (TGE) and list on CEXs and DEXs.
• Phase 3: Deployment – Implement the Solaxy Layer 2 blockchain, onboard high-chain dApps, enable multi-chain integrations, and optimize performance.

The project has been audited by Coinsult, which deemed it safe for investors after discovering no issues or threats.

Solaxy’s Presale Numbers

Solaxy has accumulated almost $58M since it started, showcasing significant investor interest and upside potential post-listing.

The interest even ramped up during the presale’s final days, with some meaty whale buys going through:

• $105K on June 23
• $113K on June 15
• $59K on June 14
• $58K on June 14

Based on the project’s utility, presale performance, and projected post-launch chart numbers, our analysts predict that $SOLX will gain a lot of momentum in 2025.

The most reserved predictions place $SOLX around $0.032 by the end of 2025, which translates into a growth of 1,712% based on the current price or 3,100% based on the presale’s starting price of $0.001.

A year later, $SOLX could get as high as $0.2 or higher, making for an ROI of 11,225%. To put it into actual gains, a $100 investment could offer a return of $11,325 in just over a year.

Naturally, these approximations rely on the current data, the perceived market trend, and the hope that Solaxy’s implementation lives up to the expectations. Given that this is the crypto market we’re talking about, we should expect price swings along the way as well, so caution is advised.

Should You Invest in Solaxy?

So, based on the project’s facts, its presale performance, and $SOLX’s price prediction, should you invest in Solaxy ($SOLX)?

Let’s put it this way: Solaxy is a long-term project with actual chain utility that’s likely to grow organically, at a steady rate, following its gradual implementation into Solana’s ecosystem.

Long-term, $SOLX is great for portfolio diversification and a FOMO-inducing ROI once Solaxy catches steam. Ultimately, the decision is yours. The Last Chance to Buy Solaxy ($SOLX)

This is literally the last chance to buy Solaxy ($SOLX) at its current presale price, with only 5 hours left on the clock.

If you want to tune in before the project goes public, head to the official presale website, buy your $SOLX, and consider staking them for the 74% dynamic APY.

Remember, this isn’t financial advice. Do your own research (DYOR) and invest wisely.

BitGo chief executive Mike Belshe used his podium at American Banker’s Digital Banking 2025 conference to deliver a blunt verdict on Ripple’s decade-old settlement playbook: the plan to make XRP a universal bridge currency has failed, and Ripple’s newly issued US-dollar stablecoin RLUSD is the proof.

Ripple Made RLUSD Because XRP Isn’t Needed

Speaking in a session on banking access for digital-asset firms, Belshe opened with an appeal for direct Federal Reserve accounts before pivoting to Ripple’s history. “As a stablecoin business, you don’t need it, but do you want a master account? … We’d love a Fed master account, then we get to skip the banks.”

From there he walked the audience back to 2014: “So if you go back in time in digital assets about ten years, there’s this company Ripple… They had originally decided they were going to try to tackle cross-border payments by use of their XRP token.”

Belshe then dissected the two-step conversion model—dollars into XRP, then into pesos—arguing that the extra hop doomed the scheme. “It turns out that’s two conversions, right? And USD stablecoins are just better. So in fact, Ripple just launched a stablecoin, a US-dollar-backed stablecoin.”

Stablecoins, he contended, will become the “rails across the world,” sweeping aside tokens whose only advantage is theoretical bridge liquidity. He painted an everyday retail scenario—phones tapped at farmers’ markets, interest airdropped monthly—and concluded: “It just works. It’s super simple. Peer-to-peer plus peer-to-intermediary.”

While Belshe spoke, RLUSD is quietly growing. Ripple introduced the token last December after securing New York DFS approval; by 2 April it had been integrated into Ripple Payments and had already reached a market capitalization of $244 million. Continued issuance on Ethereum pushed supply higher: on 21 June Ripple minted another 14 million RLUSD, lifting circulation toward $450 million. CoinMarketCap’s real-time dashboard now shows roughly $429 million outstanding, with daily volumes above $84 million.

Ripple rejects the premise that adopting a dollar token concedes defeat for bridge token. In a series of posts and interviews earlier this year, Ripple CTO David Schwartz argued that RLUSD supplies price-stable working capital while the token remains the ledger’s default auto-bridging asset, handling path-finding and liquidity between non-dollar pairs. Community analysts amplified the point on X, contending that RLUSD “broadens the ecosystem” rather than replaces its native coin.

Reactions to Belshe’s talk split sharply. Popular community member Crypto Eri (@sentosumosaba) who shared the video, commented via X: “This is why XRP needs: 1. SPOT ETFs 2. XRPFi 3. XRP Treasury Strategies 4. More Innovators & Builders. USD Stablecoins = LESS Conversations and therefore eating up the payments world.”

One critic mocked the clip as “comedy gold,” saying it confirmed what skeptics have argued all along.” run the juels (@nullpackets) commented: “Thanks for giving your 275K followers a chuckle on a Sunday morning like this. We all need to laugh more. Oh man, this is xrp’er comedy gold. With no sense of self-awareness – unironically posting a video that says what we’ve been saying all along – xrp bridge currency cumbersome and not needed. Tokenization and stablecoins obsolete bridge currencies. Study LINK.”

At press time, XRP traded at $2.02.

Stay Ahead with Our Immediate Analysis of Today’s Best Crypto Presales

Check out our Live Update Coverage on the Best Crypto Presales for June 23, 2025!

With so many institutions and countries adopting crypto, the presale market is also heating up. The biggest difference is that it offers more diversified, unique early investment chances with potentially much bigger payoffs than regular stablecoins or BTC.

We provide real-time news on new presale projects, whale buys, funding and development milestones, as well as vital alerts. Everything you need to navigate potential opportunities and risks.

This page is updated frequently throughout the day, as we get the latest insider scoops on the hottest presales, so keep refreshing!

Disclaimer: Crypto investments are high-risk and you could lose your entire capital. Our content is informational only, and it does not constitute financial advice. We may earn affiliate commissions at no extra cost to you. Get Solaxy to Weather the Storm After Trump’s Airstrikes on Iran

June 23, 2025 • 09:00 UTC

The crypto market quaked after Trump’s attack on several Iranian nuclear sites. This sent crypto into a dump dive, with over $595M bullish bets liquidated within 24 hours. Ethereum, XRP, and even Bitcoin slid down.

However, despite the market chaos, traders are looking toward altcoins and best crypto presales that might soar this year.

One such project has proven their worth time and time again: Solaxy ($SOLX).

As the first-ever Solana Layer-2, $SOLX aims to enhance the blockchain with better speed and zero failed transactions. By combining Ethereum’s liquidity with Solana’s speed, Solaxy is sure to soar. The presale has raised over $56M, and 1 $SOLX is now $0.001766.

The project might be the best play for investors looking to weather the current storm and make smart investments. Read more.

Read more about Solaxy on the official site.

Best Wallet Token to Soar After Coinbase Secures EU-Wide MiCA License

June 23, 2025 • 08:19 UTC

The crypto industry is at a crossroads as Coinbase’s MiCA license is waiting for approval in Europe. That would make it one of the first crypto companies aligning itself fully with the new regulatory framework.

Coinbase would be able to operate seamlessly across all 27 EU states under one license (an incredible leap forward for crypto accessibility in Europe).

With more regulatory obstacles left in the dust, investors are becoming increasingly bullish. This makes presale tokens with real utility shine through the crowd.

One such coin is Best Wallet Token ($BEST). As the native token of a top non-custodial wallet (Best Wallet), $BEST supercharges the privacy-focused ecosystem. Investors get lower fees, better staking rewards, and early access to presales.

Best Wallet and its token are perfectly positioned to benefit from Europe’s crypto expansion as more investors are coming in. Read more.

Read more about Best Wallet Token on the official site.

North Korean Hackers Keep Targeting the Crypto Industry

June 23, 2025 • 08:03 UTC

The North Korean hacker group known as Famous Chollima is targeting crypto job applicants on a wide scale. They’re using a job application process to deceive those active in the crypto industry with a Python-based malware dubbed PylangGhost.

Victims, mostly India-based at the time of writing, are deceived into downloading the malware on their devices under the guise of “video drivers” being required for the process. The malware is delivered via a zip file with an innocuous name, such as nvidia.py. Once installed, the script harvests sensitive data such as browser sessions, wallet data (MetaMask, Phantom), and login credentials.

Windows and Mac systems are affected, but Linux systems appear to be safe. As attacks on crypto owners increase, crypto presales and wallets, such as Best Wallet, are stepping up their security and verification process, introducing MFA methods that make it difficult to extract funds from victims even if their credentials are leaked.

Read more about Best Wallet on the official site.

$BTC Season Confirmed, $112K Next as Smart Money Seek Double Exposure with $BTCBULL

June 23, 2025 • 07:28 UTC

$BTC breaks past $105K as a massive green candle forms on the three-hour chart. Community sentiment is 82% bullish, while the ASI hits 22 – clear Bitcoin Season.

Now, watch for immediate resistance at $112K where $BTC will retest its record high, with an extended target at $120K if momentum holds.

As meme coin 24-hour trading volume is down 24%, smart money seeks greater $BTC exposure. This is precisely why BTC Bull Token ($BTCBULL) presale raised $7.6M so fast – it gives direct $BTC exposure through airdrops scheduled for $BTC’s $150K and $200K milestones.

The presale won’t last forever, but $BTC’s bull run is just getting started.

Read more about BTC Bull Token on the official site.

As the crypto market has succumbed under the pressure of rising war tensions, the Dogecoin price has not been left out of the onslaught. Over the weekend, the meme coin saw an over 5% decrease as it broke below the critical $0.16 level, and is seemingly in free fall. This has naturally led to panic among investors, leading to more sell-offs in the market. Amid this, a crypto analyst has revealed the best time to buy DOGE.

When Is The Best Time To Buy Dogecoin?

The Dogecoin price has already fallen to the $0.15 territory and continues to trend low after the market crash. Despite this decline, a pseudonymous crypto analyst on the TradingView website has said that this is still not the time to buy. The reason behind this is that the meme coin’s price still has a long way to go before it is done crashing.

From here, the crypto analyst still expects the Dogecoin price to fall by another 10%, and that would send it back to the $0.13 level. The analyst explains that investors should first wait for the digital asset to actually approach this area of interest. The why behind this is that the range support has been aligning here with the weekly support, and this has led to a strong confluence zone for a potential entry.

Due to this formation, it makes it anywhere in the $0.13 range to start buying the meme coin. Furthermore, with the support forming at this level and a lot of liquidity expected to flow in, the Dogecoin price could see a major bounce from this buy zone.

As the analyst points out, it is possible that the Dogecoin price will almost double from the buy zone. A target of $0.25 means an over 90% increase in price by the third quarter of the year, putting investors back in the green once again.

Declining Volume Supports Further Decline

Alongside the steady decline in the price, there has also been a steady decline in the Dogecoin daily trading volume. Looking at historical performance on the Coinglass platform, it supports the expectations that the Dogecoin price will continue to fall from here.

In the month of June, the DOGE daily trading volume has seen a notable decline from its $5.1 billion highs to below $3 billion on average. If the market decline does continue , then it is possible that this figure would end up falling below $2 billion before the month is over, and could inadvertently see DOGE go back toward $0.13.

In a major development, the Texas State Government has officially signed a strategic Bitcoin reserve into law thereby diversifying its financial investment strategy. Following this event, Texas officially became the third US State to own a Bitcoin reserve fund under five months of the pro-crypto Donald Trump administration.

Texas To Run Treasury-Independent Bitcoin Reserve

On June 20, Texas State Governor Gregg Abbot officially enacted SB 21, which proposed the formation of a strategic Bitcoin reserve for the purpose of investing in the digital asset market. The bill, now law and authored by Senator Charles Schwertner states the proposed Bitcoin reserve is to exist outside the state treasury but still under the investment authority of the comptroller of public accounts. Furthermore, the reserve is allowed to hold Bitcoin and other cryptocurrencies as dictated by the comptroller. However, only cryptocurrencies with an average market capitalization of $500 billion over a 12-month period can be logged into the reserve effectively limiting entry to Bitcoin ($2.07 trillion) and perhaps Ethereum ($272.3 billion) in the coming years. Meanwhile, all investments of the reserve into the state treasury requires authorization by the legislature via the general appropriations act or another law. However, the comptroller is allowed to withdraw Bitcoin or spend the net proceeds from asset sales to cover all costs involved in managing the reserve. Alongside SB 21, Governor Abbott also signed HB 4488, a separate bill that prevents the strategic Bitcoin reserve and other certain state funds from undergoing a periodic treasury fund sweep while ensuring the reserve’s legal existence even if no Bitcoin has been purchased by summer 2026.

The State Bitcoin Reserve Race

On March 6, US President Donald Trump signed a federal strategic Bitcoin reserve into law encouraging states to explore the premier cryptocurrency as an investment tool. As earlier stated, Texas is the third US state now operating a strategic Bitcoin reserve after Arizona and New Hampshire. According to data from Bitcoin Laws, there are currently five other states looking to join the pack with a proposed legislative bill still under review. These states include Michigan, Ohio, North Carolina, Rhodes Island, and Massachusetts. Meanwhile, efforts in states like Oklahoma, Florida, and Georgia, among others, have faced significant setbacks, with proposed Bitcoin reserve bills either stalled or formally repealed due to legislative or political roadblocks. At press time, Bitcoin continues to trade at $102,650 following a 2.74% decline in the past week. This negative performance underscores the asset’s price struggles in the past month amidst an intense price correction resulting in 7.50% loss.

Over the past few days, the Bitcoin market has witnessed largely unimpressive price action and performance. While the premier cryptocurrency did run up to as high as $108,000 earlier in the week, the BTC price was mostly constrained to a tight range between $103,000 and $106,000.

Indeed, the flagship cryptocurrency has maintained its position above the psychological $100,000 level since early May, but it has not exactly built on this momentum. The latest on-chain data has provided insight into Bitcoin’s current reluctance to move and its possible trajectory in the coming weeks.

$95,000 Acting As A Barrier; Momentum Weakens

In a June 21 post on social media platform X, on-chain analyst Burak Kesmeci reiterated his earlier projection that the Bitcoin price could, in the short term, fall to the $93,000 to $94,000 price range. In his post, Kesmeci cited multiple technical indicators, which form the foundation of his bias.

The first of these highlighted indicators is the Fixed Range Volume Profile (FRVP) Intensive Swap Level (ISL), which is a refined support or resistance level derived from the FRVP showing key areas where buyer-seller dominance flipped with intensive volume. 

According to Kesmeci, the FRVP intensive swap level is roughly $95,000, meaning this zone is a significant resistance level. The online pundit also noted that if Bitcoin’s price were to fail to stay above this price level, it could further increase the sell pressure in the cryptocurrency market.

The analyst also identified the 50-day Simple Moving Average (SMA50) as critical to the short-term trend. Kesmeci highlighted that the SMA50 is almost at $105,000 — the same level which, interestingly, BTC is about to close below for the second time. If Bitcoin successfully closes below this SMA50, the on-chain analyst inferred that it could catalyze the downside movement of the flagship cryptocurrency.

The Relative Strength Index (RSI) also seems to support Kesmeci’s bearish stance. Currently at levels below 50 and beneath the 14-day SMA, the RSI signals that there is a loss of momentum in Bitcoin’s bullish movement.

As if it weren’t bad enough, Kesmeci also noted that lower lows are being formed in the RSI, and this stands as further proof that the market is currently seller-dominated.

‘Why I Am Waiting For $94,000’ — Kesmeci

To answer the question of why $94,000 is the next critical level to watch out for, Kesmeci explained that the VAL (Value Area Low) in the FRVP points to approximately $93,000 to $94,000. Burak made it clear that this level can act as a strong support zone to send the price back after BTC’s short-term sell-off.

Additionally, the crypto pundit referenced the 200-day Simple Moving Average (SMA200) as another confirmation of his bias. True enough, the SMA200 is observed to converge near $95,000. Amidst Bitcoin’s price fall, Burak advised that market participants stay prepared for the highlighted support zone, as good opportunities to buy might surface around it.

As of this writing, Bitcoin is valued at about $101,596, reflecting a 1.3% price decline over the past 24 hours.

Bitcoin (BTC) prices have now dipped under $103,000 following a 1.17% decline in the past 24 hours. The maiden cryptocurrency continues to witness a significant market correction since reaching a new all-time high of $111,970 on May 22. Despite the ongoing downturn, BTC remains an outstanding performer in the current crypto market cycle boasting of over 600% price gains since the FTX-inspired market crash in November 2022. Interestingly, Miles Deutscher, a prominent crypto analyst has dived into one of the asset’s most prominent bullish driving factors, highlighting the positive and negative potentials.

Strategy, Others: Bitcoin’s Biggest Ally And Risk, Says Deutscher

In an X post on June 21, Miles Deutscher shared an interesting take on the potential of Bitcoin treasury companies on the market. For context, a Bitcoin treasury company refers to any business with BTC holdings on their balance sheet. Similarly to retail investors, these companies have opted to acquire BTC as a reserve asset and long-term investment as opposed to traditional assets such as gold, cash or bonds. According to data from CoinGecko, there are 34 publicly traded Bitcoin treasury companies with a total holdings of 724, 612 BTC. These companies include names such as Tesla Inc., MetaPlanet Inc., Marathon Digital Holdings, and most prominently, MicroStrategy Inc. (Strategy), which singularly owns 576,230 BTC representing over 2% of the market supply. Generally, the advent of Bitcoin treasury companies have been a resounding bullish development heralding institutional investment into Bitcoin alongside the spot ETF markets. Miles Deutscher postulates that the rising public recognition of BTC’s investment potential by mainstream companies would serve as a contributing factor to the asset’s cprice rise with potential targets set as high as $200,000. However, the renowned market analyst also highlights the potential risk these Bitcoin treasury companies pose as negative catalysts. Due to their fiduciary responsibilities, he warns of a possible scenario where forced selling could occur during a bear market or broader economic downturn.

According to Miles Deutscher, the real threat may not be the actual deleveraging, but rather the front-running by smart-money investors anticipating the unwind. He notes that this dynamic could extend to the spot Bitcoin ETF market, which has already attracted over $46.66 billion in inflows. In a risk-off environment, institutional investors could trigger significant outflows, compounding market downside.

BTC Price Overview

At the time of writing, Bitcoin was trading at $102,843 reflecting a 1.85% decline in the past week. Following this price fall, investors attention will turn to the $100,000 psychological support zone, breaking below which would trigger heavy market liquidations.

The Ethereum price made a swift and strong comeback at the beginning of the year’s second quarter, having struggled in the first few months of 2025. While the “king of altcoins” is in a much better place than it was a few months ago, ETH has not particularly impressed in the last few weeks.

The Ethereum price had been stuck within a consolidation range before falling to a new swing low over the past week. In the late hours of Saturday, June 21, the altcoin’s value fell below $2,300 in a single move, mirroring the brewing selling pressure in the market due to the escalating tensions in Asia.

Is ETH Price Bound For The $1,200 Level Again?

In a June 21st post on the X platform, Chartered Market Technician (CMT) Aksel Kibar painted an interesting bearish picture for the Ethereum price over the next few weeks. According to the market expert, the price of ETH could be gearing up for a period of significant downward movement.

The reasoning behind this bearish projection is the price movement of an ascending channel pattern on the Ethereum chart on the weekly timeframe. An ascending channel is a technical analysis pattern characterized by two major (upward-sloping) trendlines: the upper line linking the swing highs and the lower line connecting the swing lows.

Typically, the ascending channel pattern suggests the persistence of an upward price trend. However, a breakout of this channel can be used to identify a trend reversal or continuation. For instance, if a breakout occurs beneath the lower trendline, it suggests that there might be a shift from an upward trend to a downtrend. 

As shown in the chart above, this breakdown was the case for the Ethereum price when it succumbed to significant bearish pressure earlier this year. The altcoin’s value plunged to as low as $1,200 in early April before witnessing a strong resurgence back above the $2,000 level.

In his post on X, Kibar posited that the recent bullish momentum seen with the Ethereum price could be a mere retest of the broken lower channel boundary. If this is the case, the price of ETH may be headed back to $1,200 or even lower — around the $900 region.

Ethereum Price At A Glance

As of this writing, the price of ETH sits just beneath the $2,300 level, reflecting an over 5% decline in the past 24 hours. According to data from CoinGecko, the altcoin is down by nearly 9% on the weekly timeframe.

Dogecoin’s recent market performance has added to growing concerns about the fading strength of the meme coin sector. Over the past 24 hours, the meme coin has plunged by nearly 4%, pushing its price below $0.16 for the first time since April. This slide now extends a month-long downtrend, during which Dogecoin has been dropping from $0.23 up until the time of writing. 

Dogecoin Price Slips Below $0.16

Multiple support levels have been breached along the way to Dogecoin’s recent crash below $0.16, including $0.21 and $0.18. Notably, Dogecoin’s price decline has intensified in the past two days, which has caused it to fall in market cap rankings and become overtaken by Tron. At the time of writing, DOGE is posting losses of about 36% in a 30-day timeframe.

This latest correction is not just a Dogecoin-specific event but reflects a broader decline in the entire crypto industry. Bitcoin’s sideways trading near the $104,000 to $106,000 range has weighed heavily on altcoins, and Dogecoin has proven particularly vulnerable. Furthermore, fading meme coin enthusiasm has also played a role, with other meme coins like Shiba Inu and PEPE down by around 30% in the past 30 days.

What’s Next For DOGE?

Now that Dogecoin is officially trading below $0.16 again, the outlook is increasingly turning bearish. Technical analyst Ali Martinez, posting on social platform X, had previously pointed out the importance of Dogecoin’s previous price range between $0.16 and $0.22. 

As noted by the analyst, a daily close outside this price range would signal the next major directional move, which could be as much as 60% in either direction. That signal has now been triggered into a downside movement. According to Martinez, this breakdown could pave the way for a sharp 60% correction if selling pressure increases. The symmetrical triangle pattern visible on the daily chart, once a sign of neutral consolidation, has now tipped bearish.

From a technical perspective, this breach invalidates the previous range-bound support and opens up downside targets as low as $0.088, a level not seen since the early stages of DOGE’s rally in August 2021. The Fibonacci levels also reinforce this outlook, with the next significant support sitting around $0.13. Unless Dogecoin can witness a rapid recovery above $0.16 in the coming days, its price may be heading toward a much deeper retracement, one that could redefine its position in the current market cycle.

Image From X: @ali_charts

Nonetheless, hopes for a Dogecoin ETF are still active, but they have failed so far to offset the weight of the bearish price action. According to Bloomberg Intelligence analyst James Seyffart, the odds of the SEC approving a Spot Dogecoin ETF are now about 90%. Only Litecoin, Solana, and XRP have a higher approval chance of 95%. At the time of writing, DOGE is trading at $0.1565.