Bitcoin (BTC), which was affected by the tension and geopolitical tension between Israel and Iran and fell to the $100,000 level, continues to recover. At this point, while Bitcoin has climbed above $106,500, there is still some uneasiness in the market about the direction of the price. Speaking to The Block, BTC Markets analyst Rachael Lucas explained her updated Bitcoin analysis. Is the New ATH the Next Stop for Bitcoin? Stating that Bitcoin is extremely sensitive to geopolitical uncertainties, Rachael Lucas said that despite this, BTC recovered quickly. Lucas noted that Bitcoin price is currently being shaped by a combination of three factors: corporate flows, macroeconomic data, and geopolitical risk. The analyst also said that the fear and greed index currently stands at 61, indicating a moderate outlook. The recent recovery against this figure reflects optimistic yet cautious investor sentiment, he said. Finally, the analyst stated that he expects a new ATH and said: “Geopolitical uncertainty often drives Bitcoin down. This was the case in the Israel-Iran case. However, BTC usually recovers quickly as investors use Bitcoin as a geopolitical hedge. At this point, the recent breakout of the $106,406 resistance in Bitcoin shows that the bullish momentum continues, and the next important target will be the all-time high. All or Nothing for Bitcoin and Ethereum! Apart from Rachael Lucas, Kronos Research CIO Vincent Liu also evaluated BTC's recent movements. Liu, who predicted that Bitcoin would make a breakout after the uncertainty and tensions ended, said, “Bitcoin is seeing strong global liquidity and institutional demand, which could pave the way for a breakout once the dust settles in the market.” However, Liu stated that a much more important event awaits us, and said that this is the FED interest rate decision. According to Liu, this meeting could mean “all or nothing” for BTC and Ethereum. *This is not investment advice. Continue Reading: A Critical Week in Bitcoin: How Will the Fed Decision Affect the Price? Is the Next Stop for BTC a New ATH? Analysts Explained!
Crypto US stocks are rallying strongly, with Circle (CRCL) leading gains thanks to USDC’s rapid growth and innovative cross-chain expansion. Coinbase (COIN) is advancing through strategic partnerships and regulatory progress
TL;DR WBT reached a new historic peak after WhiteBIT inked another high-profile partnership deal in the sports sector. Despite the rally, the asset’s RSI above 93 signals extreme overbought conditions, suggesting a potential price correction could be just around the corner. The Impressive Ascent There are many well-known cryptocurrencies whose prices have increased in the past month, but few have outperformed the gains posted by WhiteBIT Coin (WBT). The asset’s valuation has jumped by over 70% within that timeframe, recently reaching an all-time high of around $52.30 (according to CoinGecko’s data) before slightly retracing to its current value of $51.50. WBT’s market capitalization neared a whopping $7.5 billion, flipping Toncoin (TON) and Shiba Inu (SHIB) to become the 21st-biggest cryptocurrency in the entire sector. WBT Price, Source: CoinGecko WBT is also the best-performing digital asset (from the top 100 club ) today (June 16), recording an increase of about 30%. The massive green candle was likely triggered by WhiteBIT’s latest sponsorship deal in the football world. The exchange announced a new global partnership with the most successful football club in Italy – Juventus, which will start displaying WhiteBIT’s logo on its official jersey. In 2022, the platform headquartered in Lithuania inked another high-profile agreement with FC Barcelona, becoming its official cryptocurrency exchange partner. The deal also involved Barca’s handball, basketball, roller hockey, and futsal teams. Another factor that could explain the price rally of WBT in the past month is the increased attention coming from large investors. Towards the end of May, crypto platform Santiment revealed that WhiteBIT’s native token was among the top 10 cryptocurrencies, seeing the highest rise in whale activity. Beware of a Sudden Drop While WBT’s pump is undoubtedly impressive, investors willing to jump on the bandwagon should keep an eye on the asset’s Relative Strength Index (RSI), which suggests a pullback might be incoming. According to one X user, WBT’s ratio is the highest among the top 1,000 cryptocurrencies and currently stands at more than 93. WBT RSI, Source: TradingView Such high levels typically indicate that the token’s price has increased too rapidly over a short period. The development hints that WBT has likely entered into overbought territory and could be poised for an imminent correction. Conversely, anything below 30 is considered a bullish element. The post WhiteBIT Coin (WBT) Hits New ATH Following 70% Monthly Surge: What’s Fueling the Rally? appeared first on CryptoPotato .
MAGIC’s 40% surge in 24 hours has stunned traders, with Treasure DAO’s AI agent rollout driving fresh demand. As the backbone of a growing NFT gaming ecosystem, the token’s rally might just be getting started. According to CoinMarketCap data, Treasure ( MAGIC ), the utility token powering the Treasure Metaverse, surged over 40% on June 16, rocketing past key resistance levels as traders piled into the Arbitrum-based gaming asset. The MAGIC price shot from a daily low of $0.112 to highs of $0.179 on Monday afternoon (Asian time) before paring some gains to trade at $0.15 at the time of writing. The token holds a market cap of $47.54 million, with a circulating supply of 306.99 million MAGIC out of a total 347.68 million. You might also like: Can Hyperliquid rise to $50 in June? Why is MAGIC price pumping? The recent MAGIC price explosion followed a major announcement from Treasure DAO introducing autonomous AI agents designed to enhance user experience across Gigaverse and its NFT-driven gaming ecosystem. The announcement, posted on Treasure’s official X account on June 12, appears to have reignited bullish momentum for the token, which had been consolidating for days below the $0.11 resistance level. We’re proud to be a featured team bringing AI agents into @playgigaverse on @AbstractChain ✳️ Fishing is coming soon for NFT AI agents powered by Treasure 🎣 Create your agent, play Gigaverse, and earn autonomously👇 https://t.co/T8t8sMrX1N pic.twitter.com/MB04GgfrPb — Treasure (@Treasure_DAO) June 12, 2025 Another key catalyst likely fueling MAGIC’s rally was Treasure DAO’s June 14 update , which revealed the launch of an “Emotion System” for its NFT AI agents. These agents can now express dynamic emotional states—such as happiness, sadness, or anger—directly within the in-game chat interface, adding a human-like layer of interaction that deepens player immersion. The update also included beta access for Gigaverse fishing and new support for the Under Haul Dungeon, signaling that the Treasure ecosystem isn’t just evolving, it’s shipping fast. For market watchers, that means MAGIC isn’t just reacting to hype. The token is gaining momentum from real ecosystem expansion, deeper utility, and an evolving use case that could set the tone for future GameFi infrastructure. Despite the recent rally, MAGIC is still trading 97.55% below its all-time high of $6.32, set in February 2022. However, it has rebounded an impressive 139% from its April 2025 low of $0.06488, signaling a potential trend reversal as interest in AI-enhanced GameFi reignites. For traders, this presents both opportunity and caution: while the AI-driven momentum and expanding utility signal renewed confidence, MAGIC’s deep bear market discount means volatility will remain extreme. If Treasure DAO continues delivering on its roadmap—blending AI, gaming, and decentralized finance, MAGIC’s price could carve out a sustainable recovery. But in a market still skeptical of metaverse tokens, the path forward will hinge on real adoption, not just hype. For now, one thing is clear: MAGIC is back on the radar. Read more: Sky Protocol price rises as key metric tumbles to a 5-year low
Trump Media and Technology Group is set to launch a joint Bitcoin and Ethereum ETF under the Truth Social brand, marking a significant expansion in its crypto offerings. The ETF
Avalanche has officially integrated Chaos Labs’ Proof-of-Reserves, bringing on-chain verification to assets powering the layer-1 blockchain platform’s decentralized finance ecosystem. In an announcement on June 16, Chaos Labs said Avalanche ( AVAX ) will leverage the Proof-of-Reserves system to provide transparent verification for bridged assets in the Avalanche DeFi stack. This includes ecosystem top coins for cross-chain liquidity, such as Avalanche Bridged Bitcoin (BTC.b) and bridged Wrapped Ethereum (WETH.e) on Avalanche. Beyond cross-chain liquidity, bridged assets like BTC.b and WETH.e unlock collateral utility. They also enable deeper liquidity for decentralized finance features like trading, lending, and structured products. Chaos Labs’ Proof-of-Reserves adds an on-chain system that allows users to monitor and verify the reserves backing these bridged assets. With Chaos Labs’ Proof-of-Reserves architecture, Avalanche can now track reserve data across canonical bridges and custodial solutions. The on-chain validation of attestations enables public monitoring of the Bitcoin and Ethereum that back the BTC.b and WETH.e supplies. Users can verify whether bridged assets on Avalanche have full reserves on their native chains, Bitcoin on the Bitcoin network and Ethereum on the Ethereum network. Importantly, DeFi users on Avalanche, as well as developers and protocols, no longer have to rely on third-party providers to verify tokenized or collateralized assets. You might also like: Avalanche gains momentum as monthly transactions surge 326% but this chart signals a cold front Chaos Labs is backed by top venture capital firms, including PayPal Ventures, Coinbase, Lightspeed, OpenAI, and Haun Ventures. The platform provides technology for risk management systems, oracles, and artificial intelligence models. Together, these tools and solutions help secure billions of dollars in value across the financial market. In September 2024, the Chaos Labs team unveiled Edge , a decentralized Oracle network protocol targeted at bringing a blockchain solution to financial risk and optimization. Edge is aimed at the future of DeFi. Jupiter and recently Ethena are some of the protocols to integrate Edge. Chaos Labs closed a $55 million Series A funding round in August 2024, led by Haun Ventures. You might also like: JuCoin launches new feature that turns trading losses into computing power
Coinbase Prime just sent billions of Shiba Inu (SHIB) to new wallet in one of day's largest transfers
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President Trump's company plans to launch a joint Bitcoin and Ethereum ETF under the Truth Social name, following a solo Bitcoin ETF filing.