Whether altcoin season is in motion remains a topic of debate amongst market participants, although XRP is emerging as one of the few altcoins poised to hit a new price high soon. Ripple’s XRP, the 4th most valuable cryptocurrency by market cap, might be preparing for an explosive run as market experts continue to outline bullish case scenarios for the altcoin. Cryptocurrency analyst EgragCrypto, known on X as EgragCrypto, predicts that the altcoin could soar to never-before-seen levels, notably $6.7, $13, and $27, if certain technical hurdles are surmounted. In an XRP technical chart shared with his followers on X, the analyst highlights 3 key areas using colored circles purple, red, and white to represent notable technical movements. While the purple circle, which historically follows a bullish uptrend, marks the start of a bullish rally observed across different market cycles, the red circle denotes an incoming market crash. This downward movement often occurs when the 21 EMA goes below the 33 SMA on the weekly chart, a trend that is later preceded by a market pump, likely to get rejected by both moving averages. The analyst asserts that the move marks the arrival of a bear market. Conclusively, the white circle points to the 21 EMA avoiding a bearish cross with the 33 SMA on a weekly timeframe—an occurrence recorded only once, leading to a 1,200% surge in XRP’s price value. Laying out his bullish stance, the analyst wrote the following; “It’s simple. We still have one leg which will be an epic, fast, and short-lived move that will hype everyone up, claiming we’ll never go back and that utility will take us to the moon. But remember such moves have rarely continued in one direction, if ever, happened in the past and probably won’t in the future. If you’re well-off and don’t need to sell, stay patient. But if not, don’t come crying to my DMs when things don’t go as planned.” The analyst stated that should XRP surge by 1,200% from its current price of $2.24 or sustain a 600% gain in the near term, the altcoin will be valued at $27 or $13, respectively. Meanwhile, a 300% upsurge, which marks a quarter of the 2017 market rally, would value the asset at $6.70. XRP is trading at a press time price of $2.14, with 0.37% in 7-day gains.
2025-06-15 01:51
Multiple fundamental and technical factors validate a potential bullish rally for Ether , the second-largest cryptocurrency by market capitalization. As if to make up for Q1’s underwhelming performance, Ether bulls have been up and working of late, with the price value of $3,000 appearing more attainable in the near term. Among other factors, the rise in Ethereum’s open interest rate presents a bullish signal for market participants. Notably, Ethereum’s Open Interest—the total number of outstanding (open) contracts yet to be settled—has hit a new all-time high, exceeding $40 billion for the first time. This new development is especially remarkable for Ethereum, as high open interest typically indicates a rise in market activity and liquidity, suggesting heightened enthusiasm amongst market participants. Institutional investors and long-term holders emerge as strong market pillars Institutional players are fired up as ETH ETFs recorded $52.7 million in inflows on June 9, marking 16 days of consistent inflows for Spot-based Ethereum ETFs. From May 26, Ethereum-based ETFs have consistently ushered in $890.1 million in inflows, suggesting that institutional players are actively accumulating ETH. 16 straight days of inflows for spot Ethereum ETFs Yesterday, $ETH ETFs saw $52.7 million in inflows. Since May 16, the ETFs have seen a total of $890.1 million in inflows. Institutions continue to accumulate $ETH at a record pace, while retail is sleeping. pic.twitter.com/913N0EG5za — Lark Davis (@TheCryptoLark) June 10, 2025 It is also worth noting that long-term ETH holders are throwing their full weight behind the asset. According to data shared by Glassnode , Ethereum has successfully broken out of a month-long range. Per the Cost Basis Distribution — a metric that identifies key accumulation and distribution zones, a notable amount of investors leveraged the consolidation period to increase their holdings. “1.3M ETH [was] held around $2.70K and $2.74K, and 800K ETH at $2.76K. These investors accumulated during consolidation and now will potentially form a strong support zone.” Glassnode wrote, adding that ETH is well on its way to $3,420 if the $2,700 and $2,760 support levels hold up strongly. At report time, ETH trades at $2,525 per coin, with gains from the last 7 days going up to 7%.
2025-06-15 01:45
Members of the cryptocurrency community have heavily debated the existence of an “ altcoin season ,” with different crypto personalities asserting contrasting views. While some market participants remain convinced that altcoin season—a period when Bitcoin is outpaced by the majority of alternative coins in the crypto market—is underway, others remain unfazed, certain that altcoins will continue to bleed . Cardano’s Charles Hoskinson is part of the former group, whose sentiments about the altcoin market are more bullish than bearish. In a recent “ask me anything” live session on YouTube, the Cardano boss responded to a viewer who quizzed him on the state of the altcoin market, particularly curious to know if altcoin season was “cancelled for 2025.” Maintaining optimism for the months ahead, Hoskinson remarked that July and the months preceding it could see altcoins record a notable price run.”The second half of 2025 is going to be great for altcoins,” Hoskinson asserted. Three altcoins are going head-to-head against Bitcoin Interestingly, Bitcoin appears to be recovering quickly after failing to sustain momentum above the $110,000 price mark. The new development indicates a build-up of buying pressure likely triggered by renewed interest from market players. While this could validate the sentiment that the leading cryptocurrency will continue to outperform altcoins, alternative coins could also very possibly secure larger gains in the long term. Despite sustaining mild intra-day losses, three altcoins have outpaced Bitcoin over the last 7 days. Ether, SOL, and DOGE are leading what looks like an altcoin comeback. While Bitcoin, currently trading at $105,516 at press time, has only managed to sustain 3.87% in gains over the last 7-days, ETH, SOL and DOGE are up 7.94%, 6.10%, and 5.65% respectively.
2025-06-15 01:25
A Crypto timing model that successfully predicted Bitcoin’s rise to a new price high outlines another bullish case scenario for the cryptocurrency market. In May, the Crypto timing model by Weiss Crypto Ratings, a cryptocurrency tracking and analysis platform, outlined a bullish outlook for the asset. A week later, the asset hit a new ATH with a price value of $111,886. This time, the model is painting yet another bullish case scenario for the cryptocurrency market. As seen on its official page on Twitter, now known as X, Weiss shared that its model forecasts an incoming trend pattern expected to occur in the last quarter of the year. The Crypto timing model points to November as when the market is most likely to experience a 4-year-cycle high. According to our Crypto Timing Model, we’ll likely see the 4-year-cycle high in November. — Weiss Crypto (@WeissCrypto) June 9, 2025 Is the 4-year market cycle still valid? For starters, Crypto has followed a 4-year pattern—a market movement pattern driven by the Bitcoin halving event. The trend typically ushers the market into periods of major losses and gains. As experienced during the 4-year cycle, an accumulation phase precedes a bear market, and a bullish phase follows right after. The 2011-2013 market cycle launched the trend, which has been observed for over a decade. Although experts claim that the presence of institutional investors has disrupted the cycle, it remains to be seen how Bitcoin and the broader market perform in the months ahead. Meanwhile, the big bull is trading at $103,091 at report time. The global crypto market correction brought a notable price pump recorded by a handful of top cryptocurrencies, including Bitcoin. Bitcoin bulls appear to be making a much-needed recovery, as daily gains briefly surged, sending Bitcoin to an intraday high of $107,000 on June 9. Glassnode describes the price jump as a move “likely fuelled by a wave of short liquidations,” adding that the negative funding rates from the previous week point to an increase in short appetite, resulting in today’s short squeeze.
2025-06-14 18:36
As the cryptocurrency market recovers from last week’s selloff, optimism rises amongst traders and investors alike, with bullish predictions trailing online cryptocurrency communities. In line with the bullish price predictions is a fresh outlook from a market expert focused on alternative cryptocurrencies, or altcoins. According to João Wedson, the founder of crypto investment platform Alphractal and a verified author at Crypto analytics firm CryptoQuant, the long-awaited altcoin season is already in motion. In a post shared on X, the analyst informs his 6,000 followers that a handful of altcoins outperform Bitcoin. As such, the market could soon witness a massive price rally within the broader altcoin market. “An Altcoin Season is happening right now! Altcoin Seasons can unfold within hours, days, or weeks — and we can’t afford to miss these opportunities.” He wrote. As displayed in the altcoin and Bitcoin index chart shared by the market expert, many altcoins appear to be trading at a higher volume than Bitcoin this June. More specifically, 47 of 56 altcoins have outperformed Bitcoin in the last 900 minutes. The trend signals renewed interest in the altcoin market, suggesting a price rally might be closer than expected. However, the analyst maintains that the bears have not fully exited the market as market volatility is expected to continue. “Take advantage of it [the altcoin season], because the coming days will bring high volatility and great opportunities.” He added. XRP and Ether bulls remain wide awake despite heightened volatility Most altcoins within the top 50 category are trading in red at report time. However, leading altcoin Ether and XRP appear to have successfully retained gains from the previous week. Ether and XRP have emerged as the highest gainers, with 7-day gains of 2.62% and 3.85%, respectively. At report time, Ether is valued at $2,528, while XRP trades at $2.16 per coin.
2025-06-14 18:32
As Bitcoin makes a slow but necessary recovery following last week’s market sell-off— a move that sent the asset back to the $100,000 price level, market participants are even more observant, outlining what it would take for the big bull to break past its previous all-time high. According to an on-chain analytical piece from Glassnode, Bitcoin could surge past its all-time high of $111,970, attained in May, to hit never-before-seen price levels, “should the market enter price discovery.” Notably, Bitcoin’s current price is determined by buying and selling activities. Factors such as supply and demand, liquidity, and market sentiment are some of the determining factors observed in the price discovery process for assets like Bitcoin. According to Glassnode’s analysis, a key support level is essential for Bitcoin to maintain underlying bullish pressure. The Short-term holder cost basis—the average acquisition price of Bitcoin by crypto investors who have held the asset for 115 days or less—interestingly doubles as the aforementioned support level. As seen in Glassnode’s report ; “The $97.6k Short-Term Holder cost basis continues to serve as a pivotal support level necessary for maintaining local bullish momentum.” In contrast, the bulls are primed to retest a new ATH if the nearest resistance level is broken in the near term. “On the upside, the $115.4k zone emerges as the first significant resistance should the market enter price discovery.” The report read. After failing to sustain momentum above the $101,000 price level last week, Bitcoin bulls are making a notable comeback. Recovery gains sustained this week sent the asset to $110,300. With Bitcoin around 1.5% away from its previous all-time high, renewed interest in the asset suggests that investment confidence has been strengthened for the near term. At the time of this report, Bitcoin is trading at $108,729, while 7-day gains surged by 4.06%.
2025-06-14 18:07
Roman Storm, co-founder of Tornado Cash , is set to stand trial on July 14 at a Manhattan Federal Court, facing charges of conspiring to launder money and operating an unlicensed money transmitter. Tornado Cash is a cryptocurrency-mixing service that allows users to increase their privacy, but also enables hackers to launder proceeds from exploited platforms. The Ethereum Foundation (EF) has voiced its support for Storm, commenting on X that privacy is normal and that writing code is not a crime. The EF has supported Storm since he was indicted in August 2023 for helping build Tornado Cash. US authorities allege that the mixing service is responsible for laundering over $1 billion in illicit funds. Tornado Cash allows users to disguise the link between a sender and receiver, thus allowing users to anonymize their transaction history. US authorities believe this service has enabled criminals to disguise their illicit transactions and profit from illegal activities. Storm’s defence, however, claims that the case against him threatens open source innovation and may stifle future attempts by developers to engage in the DeFi market. US authorities have changed their approach to regulating cryptocurrencies. The case against Roman Storm comes after a new administration has scaled back regulatory activities against crypto developers. In December 2024, the US Treasury’s Office dropped its sanctions against Tornado Cash. Storm’s defence argued that the case against their client should be dropped since regulators had changed their stance towards the mixer service. Storm wrote on X that he has a court case next month and that the DOJ wants to bury DeFi. He explained that US authorities wanted him to implement Know Your Customer (KYC) procedures with the mixing service, which would have made the service obsolete. Storm concluded that the DOJ was blocking his witnesses from testifying and that if successful, it would crush the DeFi market. The DOJ dismissed Storm’s expert witnesses from participating in the court case. Storm was adamant that US authorities were aiming to crush him during the trial. However, the expert witnesses planned to provide details about digital privacy, blockchain technology, and KYC requirements. Storm’s defence team would argue that the KYC requirements could not apply to Tornado Cash. However, the prosecutors felt these topics were irrelevant to the current case. The prosecutors dismissed the first expert witness, Matthew Green, because he didn’t disclose any relevant opinions to the case. However, prosecutors commented that Green disclosed details about the Tornado Cash protocol that may have been relevant to the case. The prosecutors scrutinized all of Storm’s expert witnesses, one by one, questioning the relevance of their testimony. The DOJ further criticised the expert witnesses for judging the appropriateness of KYC requirements for Tornado Cash. According to the DOJ, such judgments should be reserved for the judge, not the expert witnesses. The Ethereum Foundation (EF) commented on X that they had donated funds to support Storm’s defence and would match up to $750,000 donated from the community. The EF believes that Storm is innocent and should not be prosecuted for creating privacy-enabling technologies. Storm is raising funds for his trial next month and hopes to raise $2 million. Storm was indicted in 2023 for conspiring to commit money laundering. He immediately cited the First Amendment as a defence to dismiss the charges. Meanwhile, a hacker who stole $23 million in crypto from Bittrue exchange in 2023 is starting to launder the funds through Tornado Cash. The hacker sent $30 million to Tornado Cash to anonymize the funds. The hacker made money from the stolen funds by selling the ETH tokens and buying them when the price of Ethereum was much lower. It is unclear whether the hacker is working alone or with a group. The actions of hackers may further complicate the ongoing case against Storm. DOJ officials may see the actions of hackers as proof that the privacy-focused service facilitates criminal activity.
2025-06-14 17:55
GameStop announced an increase in its previously disclosed offering of convertible senior notes. The company upsized its latest convertible debt offering to $2.25 billion from $1.75 billion , signaling a deeper commitment to establishing its corporate BTC treasury. GameStop Increases Note Sales To $2.25B For Potential Bitcoin Buys GameStop said in a press release published late on Thursday that it would be offering investors more convertible bonds, following a similar multi-billion-dollar raise in March. The $2.25 billion offering targets “qualified institutional buyers” and is expected to close on June 15, 2032, unless converted or repurchased earlier. The embattled video game retailer’s latest batch of convertible bonds, which will carry no interest, will have a conversion price of roughly $28.91 per share, which may change “in some events.” The conversion price of the notes represents a 32.5% premium compared to the company’s average stock price on June 12. GameStop will also allow initial purchasers to purchase up to an additional $450 million in notes within 13 days of the initial issuance. Companies like Michael Saylor’s Strategy (formerly known as MicroStrategy) have been able to boost the amount of Bitcoin they own per share by raising funds at a premium relative to their BTC stash and putting that cash into the benchmark crypto. The company, which owns over 582,000 BTC — nearly 3% of the token’s total possible supply — has seen its stock rocket by over 900% in the past year, in the wake of Bitcoin’s rally to new all-time highs. Whether GameStop will make another Bitcoin purchase is less clear. Though the company indicated that it intends to use the net proceeds of the latest convertible debt offering for “general corporate purposes, including making investments in a manner consistent with GameStop’s Investment Policy,” which may signal more Bitcoin purchases from the video game behemoth. Following the March announcement of the Bitcoin treasury strategy, GameStop raised $1.5 billion through another convertible note offering. The company subsequently purchased 4,710 Bitcoins for roughly $500 million in May.
2025-06-14 17:37
Seven ETF providers filed amended S-1 forms for Solana exchange-traded funds with the U.S. Securities and Exchange Commission on Friday, suggesting approvals of the spot SOL-based funds may be near. Staking Language Included In The Updated Filings The proposed ETFs from investment firms, including 21Shares, Bitwise, Fidelity, Franklin Templeton, Grayscale, VanEck, and Canary Capital, seek to give US investors direct exposure to the price of Solana without them having to hold the altcoin directly. As per the revised filings, would-be issuers submitted updated S-1s, a registration statement required for a spot exchange-traded fund to gain SEC approval for public trading. The filings clarified language that would enable them to stake their held SOL. The staking component would allow issuers to generate yield on the Solana held in their funds, allowing them to deliver higher returns to investors. Friday’s moves come following a Tuesday report from Blockworks , which cited sources saying that the SEC had instructed prospective Solana ETF issuers to update their S-1 filings. Bloomberg senior ETF analyst Eric Balchunas said at the time that this signals the agency is more likely than before to approve some of these products, giving a timeline of two to four months for spot SOL ETFs to begin trading. UPDATE: Multiple stories broke the news earlier this week that the SEC had reached out to issuers requesting them to submit updated documents for their Solana ETFs & to include staking. As of 5 PM EST we have 6 of the 7 hopeful Solana ETF issuers that have submitted those S-1's pic.twitter.com/WqPI2jf2CW — James Seyffart (@JSeyff) June 13, 2025 The SEC has also reportedly indicated its openness to staking within the ETF structure. On April 30, Bloomberg ETF analysts upped their estimated odds of the SEC approving a Solana ETF in 2025 to 90%, placing them at the top of their list. ETFs based on XRP follow closely with approval odds of around 85%. The SEC has greenlighted spot Bitcoin and Ethereum ETFs as well as hybrid Bitcoin-Ethereum funds. However, it has been hesitant to let issuers introduce products that track other altcoins beyond ETH, despite a rash of filings for funds that would track Avalanche, Dogecoin, XRP, and Official Trump. The agency recently postponed making a decision on several of those investment vehicles and asked for public comment. Some pundits believe Solana has a better chance at securing the regulatory nod under the more leniet SEC leadership of Paul Atkins , especially following CME’s listing of SOL futures , which is not a necessary step in the ETF listing process but is usually considered as beneficial. Solana currently ranks sixth on the crypto leaderboard, with a market cap of $77.4 billion. SOL is trading hands at around $146.74 at publication time, up a paltry 0.5% over the last 24 hours, according to crypto data provider CoinGecko .
2025-06-14 14:50
