Gotbit founder Aleksei Andriunin has been sentenced to eight months in prison and five years of probation for orchestrating fraud and market manipulation within the crypto space. As part of
The post Bitcoin (BTC) Price Drop To $105k Divides Crypto Traders: What Next? appeared first on Coinpedia Fintech News The ongoing Middle East conflict has impacted the wider cryptocurrency market led by Bitcoin (BTC) price. In the past 24 hours, BTC price dropped over 3 percent to trade about $105k on Friday, June 13, 2025, during the mid-North American trading session. The wider altcoin market experienced a similar drop, resulting in more than $1.1 billion rekt from crypto leveraged markets in the last 24 hours. As a result, crypto traders have been mixed with some remaining optimistic while some waiting for a clear signal to re-enter. Bitwise CIO Matt Hougan Issues a Bold Bitcoin Prediction The cryptocurrency market has been experiencing a stablecoins summer following the ongoing regulatory goodwill from major jurisdictions, led by the United States. As the global money supply (M2) grows exponentially, more institutional investors have proliferated into the stablecoins market, thus significantly improving the crypto liquidity. Following the Bitcoin and wider altcoin drop in the past few days, Matt Hougan, the CIO at Bitwise, highlighted that an accumulation is more likely in the coming weeks before a parabolic rally before the end of this year. “I think this is the ‘Summer of Accumulation’, a moment for long-term investors to build positions ahead of an epic EOY run,” Hougan noted . What the Chart is Saying? After enjoying an impressive rally following the end of the trade wars in the past two months, BTC price experienced a significant resistance level of about $112k. The flagship coin failed to rally beyond $112k and has since retraced to a crucial buy zone of around $105k. In the four-hour timeframe, Bitcoin’s Relative Strength Index (RSI) and MACD line KAS been hinting at potential reversal. Furthermore, the RSI has been hovering around the oversold levels and the MACD’s histogram has been hinting at declining selling pressure.
The XRP price has fallen by 4% in the past 24 hours, with the altcoin’s dive to $2.15 coming as the crypto market as a whole declines by 5% today. Prices have fallen across the board in response to Israel’s overnight strikes against various targets in Iran , with XRP retaining a 1% gain in a week, but now down by 17% in a month. However, the fourth-biggest token in the market boasts a 340% increase in the past year, and yesterday it welcomed the news that the Nasdaq-listed Trident will build an XRP reserve worth $500 million. This follows similar announcements in recent weeks from several others firms, and when taken with XRP’s strong fundamentals, it supports a hugely positive long-term XRP price prediction . XRP Price Prediction: Nasdaq Firm Eyes $500M XRP Reserve – Is Institutional Adoption Back? Listed on the Nasdaq and based in Singapore, Trident is a digital transformation and Web3 company that yesterday announced it will raise up to $500 million to accumulate XRP. It plans to raise these funds via “a mix of equity issuance, strategic placements, and structured financing instruments,” with the company aiming to begin rolling out the reserve from the second half of this year. “Through this initiative, Trident aims to demonstrate how public companies can thoughtfully and responsibly participate in the ongoing development of decentralized finance,” said CEO and founder Soon Huat Lim. Trident Digital Holdings (SG) plans to raise $500 million to establish a corporate #XRP Treasury. They will raise capital through equity issuance, strategic placements, & and structured financing. initial rollout of the XRP Treasury is planned for the second half of 2025 pic.twitter.com/m3bkt05rzS — WrathofKahneman (@WKahneman) June 12, 2025 If it does raise the full $500 million, this would make its XRP reserve the biggest to date, after Webus announced a $300 million XRP reserve last week and VivoPower announced its own, worth $121 million, last month. Such announcements haven’t been enough to deflect the pressures exerted on the market by tensions in the Middle East, or ongoing uncertainty with regards to tariffs . However, the growing number of reserves set up XRP very nicely for strong gains when the market recovers. If we look at its chart today, we see that it may be close to making a big move, given that its resistance (red) and support (green) levels have formed a bullish pennant. XRP’s relative strength index (purple) has also been subdued more or less continuously since February, which would imply that a more bullish period is coming for the token. Source: TradingView And we have actually seen evidence of growing accumulation and exchange withdrawals in the past few days, with traders potentially gearing up for the activation of the recently announced reserves. So once Trident begins buying up XRP, the XRP price could potentially hit $3 in August, before closing the year at around $4. Snorter Raises Over $800,000 for Sniping Bot – Is This One of the Best New Coins of 2025? If XRP is a little too well-established for some traders, they may prefer to look at newer, more volatile tokens, including presale coins. Such coins can be profitable in cases where their sales raise substantial sums and generate lots of momentum, which helps them to rally strongly when they list. One of the newest and most interesting presale cryptos available right now is Snorter (SNORT), an Ethereum- and Solana-based project that has now raised more than $800,000 in its ICO. Lookin for coins to snort like a bloodhound on Adderall. pic.twitter.com/jUj4RXKYho — Snorter (@SnorterToken) June 12, 2025 Snorter is exciting because it’s planning to launch an automated sniping bot once its sale ends, with its bot helping investors to discover the newest tokens before they blow up. Aside from automated sniping, it will provide numerous other features, including copy trading, limit orders, atomic swaps (with MEV protection), and protection against likely rugpulls. Investors will be able to access its features with native token SNORT, which means that the latter could experience plenty of demand. It will have a max supply of 500 million SNORT, and holders will also be able to stake it for a regular income. To join its sale, you can go to the Snorter website and connect a compatible wallet, such as Best Wallet. SNORT is currently available at $0.0949, although this will rise every few days until the sale closes. The post XRP Price Prediction: Nasdaq Firm Eyes $500M XRP Reserve – Is Institutional Adoption Back? appeared first on Cryptonews .
“Men lie, women lie, but charts and numbers do not lie,” EGRAG CRYPTO stated in a recent post on X, as he highlighted the importance of the Fib 0.5 level in XRP Dominance. According to him, this level has historically served as a major resistance zone. It acted as a key barrier in October 2019 and November 2020, both instances marking the onset of bear markets. In the current cycle, the Fib 0.5 level has once again proven significant, as it has rejected price advances in January and March 2025. The Knocking On The Door Analogy For XRP To drive his point home, EGRAG CRYPTO introduced what he called the “Knocking on the Door” analogy, a simple yet powerful metaphor to explain how resistance levels work in technical analysis. He stated that resistance is like a door; each time it is tested or “knocked on,” the likelihood of it eventually opening increases. Related Reading: XRP Price Enters Perfect Setup After Buy Retest – Next Stop $3.7 EGRAG pointed out that XRP Dominance has now tested this macro resistance level four separate times. These repeated tests are not just coincidences; they indicate building pressure at that level. Traders and analysts often interpret such repeated encounters as signs that the asset is preparing for a significant move, as momentum continues to build with each attempt to break through resistance. Looking ahead, EGRAG suggested that the fifth “knock” on this resistance level might be the one that finally breaks it. If this happens, XRP Dominance could form a bullish Bull Flag pattern, a technical formation that often precedes upward moves. According to EGRAG, this breakout could propel XRP Dominance to around 27%, marking a major shift in its market strength and possibly setting the stage for a broader bullish trend. Market Cap Projection & Future Potential The analyst unveiled a compelling projection that has stirred excitement within the XRP community: if XRP reaches a price of $27 with a 27% market dominance, this could push the total market capitalization to $5.5 trillion. This bold forecast reflects not only the possible future strength of XRP but also envisions a significant expansion of the broader crypto market. Related Reading: XRP Price Takes a Breather—Consolidation Phase or Bullish Setup? He further explained that with a $5.5 trillion total market cap, XRP claiming 27% of that share would result in a market capitalization of approximately $1.485 trillion. Such a figure would further solidify its status as a key player in the blockchain space. He maintained that XRP could still reach $27 while maintaining 27% market dominance, especially if the overall market experiences a strong bullish cycle. In his view, $1.485 trillion is not just a dream but a viable target that highlights XRP’s massive growth potential. Featured image from Getty Images, chart from Tradingview.com
There was increased hedging for downside protection ahead of Fed rate decision.
Israel launched a pre-emptive attack on neighboring Iran late Thursday, triggering a retaliation on Friday. Markets tanked, but bitcoin’s dip wasn’t particularly dramatic, all things considered. Bitcoin Shows Resilience Despite Middle East Turmoil Israel sent 200 fighter jets to bomb various nuclear facilities in Iran on Thursday evening in an unprecedented pre-emptive attack that killed
UNI token dropped 6.36% due to geopolitical concerns and Trump's statements. The token experienced significant hourly fluctuations with high trading volumes. Continue Reading: Uniswap’s UNI Token Faces Dramatic Price Swings The post Uniswap’s UNI Token Faces Dramatic Price Swings appeared first on COINTURK NEWS .
While the search for safe havens in global markets increased following Israel's airstrikes on nuclear facilities in Iran, the cryptocurrency market also witnessed sharp fluctuations. Altcoins such as Solana (SOL) and Cardano (ADA), which have low liquidity compared to Bitcoin, were among the assets that lost the most value in this process. Bitcoin (BTC), the largest asset in the cryptocurrency market, is trading sideways at $105,600 at the time of writing, despite falling by as much as 3%. “The crypto market is reacting negatively to the news of Israel’s attack on Iran, in line with other risk assets. Technically, support is expected at $101,000, but geopolitical developments will determine price action in the short term,” said Caroline Mauron, co-founder of Orbit Markets. Related News: Cardano Founder Charles Hoskinson Offers $100 Million Bitcoin (BTC) and ADA Swap Proposal! Will ADA Price Drop? Following the developments, investors turned to safe havens such as government bonds, while stocks fell, oil prices rose more than 9% and gold gained value. “While Bitcoin is sometimes traded as a macroeconomic hedge, in high-risk moments like military conflict, investors prioritize liquidity over narrative. Positions are closed to generate cash, dollars are diverted, and leverage is reduced in volatile assets,” said Sean McNulty, head of derivatives Asia-Pacific at FalconX Ltd. IG analyst Tony Sycamore said there was likely to be a “further deterioration in risk appetite” heading into the weekend. *This is not investment advice. Continue Reading: What to Expect This Weekend in Bitcoin and Altcoins Following the Iran-Israel Conflict?
Meme coins like Dogecoin, Pepe, and Fartcoin are experiencing significant declines amid a broader crypto market sell-off intensified by geopolitical tensions. These meme tokens are underperforming major cryptocurrencies, with losses
The cryptocurrency market has witnessed significant growth, with established players like Solana, Dogecoin, and Ripple often being the center of expert analyses and predictions. However, a new player, Remittix (RTX) , is setting a new paradigm in the PayFi sector by facilitating seamless cross-border crypto-fiat transactions. The Surprising Rise of Solana Solana has been a noteworthy performer in the blockchain space, boasting over 4 million active users daily and transaction volumes soaring into the billions. Despite this, it faces technical resistance levels that challenge its upward price mobility. According to data from Artemis , while SOL has foundational support in the $148 to $152 range, breaking past the $200 mark requires overcoming substantial market resistances. Ripple's XRP: A Legal and Market Outlook The ongoing SEC legal battle with XRP continues to create ripples through its market potential. With a pivotal court decision expected soon, the community remains hopeful. The legal proceedings and its outcomes are eagerly monitored, with indications that the currency could see significant gains if favored in the outcome. Ripple’s expansion, including ventures into Dubai and the adoption of its RLUSD stablecoin, further bolsters its position. Additional insights on the XRP market can be viewed at CoinMarketCap . Dogecoin's Fluctuating Fortunes Once a media darling, Dogecoin has experienced volatility, with a particularly sharp decline over the past month. However, emerging signs suggest a bullish trend might be on the horizon for DOGE, as technical indicators like the MACD hint at a potential upward movement. This perspective offers a glimmer of hope for investors looking for a rebound. For more on Dogecoin's performance, see the analysis by TraderTardigrade . Why Remittix Stands Out Despite the robust frameworks of established cryptocurrencies, Remittix emerges as a game-changer by enabling users to make crypto payments that are directly converted into fiat in recipients' bank accounts. This unique feature not only simplifies transactions but also integrates crypto functionalities into everyday financial activities, challenging the traditional remittance market dominated by giants like Western Union. For an in-depth review on the potential of this altcoin, check out this video: DON'T MISS THIS ALTCOIN!🚨 (Remittix Crypto Review) As the digital currency space continues to evolve, the spotlight may shift more toward novel solutions that address real-world problems, potentially diminishing the relative impact of older cryptocurrencies. The ongoing presale of RTX is a testament to the growing investor interest in functional and innovative crypto solutions. Learn more about Remittix and join their community through these links: Website: Remittix Official Site Socials: Remittix on Social Media Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.