Many leading altcoins are well in the green today (June 16), but Bittensor (TAO) has failed to follow the overall upswing, posting a substantial daily decline.

Even so, several analysts think it could be gearing up for a rebound that might carry it back to multi-month highs.

Big Pump Incoming?

TAO currently trades at around $268, a 7% plunge over the past 24 hours. It is important to note that its decline occured despite Grayscale’s positive remarks. Just hours ago, the digital asset management company claimed that centralized companies like Anthropic are more vulnerable to government intervention and decentralized projects like Bittensor “offer an alternative.”

“Bittensor provides open-source, permissionless access to AI through a decentralized global network,” the firm posted on X.

X user Altcoin Sherpa noted that TAO has lagged behind numerous well-known cryptocurrencies, suggesting the weakness may stem from traders pre-positioning and many already being fully allocated. At the same time, the analyst said TAO still “looks good” and that they remain invested in it.

“This current area is a bit of a resistance spot, 200d EMA + S/R level, but if it can break here, I think the low $300s is my next area up,” the X user added.

Ali Martinez also gave his two cents. He argued that TAO is approaching the top of its descending channel and predicted that a decisive break could open the door to a jump to $350 and then $420.

The asset’s recent exchange netflow raises the possibility of a short-term revival. Over the past few weeks, outflows have surpassed inflows, suggesting that many investors have abandoned centralized trading venues in favor of self-custody solutions, thereby reducing immediate selling pressure.

How About $500?

Another analyst who seems very fond of TAO is Michael van de Poppe. A few days back, he described the token’s chart as “phenomenal” and envisioned a potential price explosion to $500.

Shortly after, he opined that the strongest altcoins from the previous months, including TAO, could extend their solid performance in the near term, provided Bitcoin (BTC) has already bottomed.

Recall that at the start of June, the primary cryptocurrency briefly collapsed to around $59,000 – its lowest point in 19 months. And while it has recovered well above $65,000 following the peace deal between Iran and the US, some analysts believe the worst for this cycle has yet to come.

The post Bittensor (TAO) Slips 7% Daily, Yet a Price Explosion May Come Next appeared first on CryptoPotato.

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Bitcoin has fallen back toward $65,000 after renewed tensions involving Israel and Lebanon tempered optimism surrounding a potential U.S.-Iran agreement, while traders also reduced risk ahead of the Federal Reserve’s policy decision.

Summary

• Bitcoin fell from $66.9K to $65.4K as renewed Israel-Lebanon tensions dented optimism around a potential U.S.-Iran agreement.
• Technical indicators remain cautiously bullish, with BTC holding above a rising trendline and key support near $64K-$65K.
• Traders are closely watching the Fed decision, while liquidation clusters around $65K and $67K-$68.5K could drive the next major move.

According to crypto.news market data, Bitcoin (BTC) price dropped from an intraday high near $66,900 on June 16 to a low around $65,400 before stabilizing near $65,700 at press time.

Bitcoin price retreated following reports that Iran’s military accused Israel of violating the ceasefire in southern Lebanon dozens of times since the U.S.-Iran deal was announced, warning of a “harsh response” if attacks continue.

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The decline interrupted a rally that had gained momentum earlier in the session after reports suggested Washington and Tehran were preparing to sign a memorandum of understanding later this week. The agreement would reportedly allow tanker traffic through the Strait of Hormuz, a development that helped push crude oil prices down more than 6% to roughly $75.5 per barrel, their lowest level since early March.

Alongside the geopolitical headlines, traders remained focused on the Federal Reserve’s two-day policy meeting. Markets widely expect rates to remain unchanged, but uncertainty surrounding Fed Chair Kevin Warsh’s outlook has limited risk appetite after inflation accelerated to 4.2% year-over-year in the latest CPI report.

Bitcoin faces resistance near major technical inflection point

On the daily chart, Bitcoin is attempting to reclaim a key horizontal level near $65,150 that served as support throughout February and March before breaking during the early June sell-off. Bulls briefly pushed above that zone, but sellers emerged near $67,000 and forced a pullback.

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The recovery has nevertheless improved the short-term technical structure. On the four-hour chart, Bitcoin remains above a rising trendline drawn from the June 6 low near $59,200. The move has also carried the asset above the descending trendline that capped prices throughout late May and early June.

Fibonacci retracement levels place immediate resistance near $66,400, corresponding to the 61.8% retracement of the decline from roughly $78,100 to $59,200. A successful breakout could expose the 50% retracement level around $68,650, followed by resistance near $70,900.

Momentum indicators remain constructive despite the latest pullback. The four-hour RSI held above 55 while the Aroon Up indicator remained dominant over the Aroon Down reading, suggesting buyers still retain near-term control. On the daily timeframe, the MACD histogram has turned positive for the first time since the June breakdown, although Chaikin Money Flow remains slightly below zero, showing capital inflows have yet to fully recover.

Commenting on the market structure, crypto analyst Ardi noted that Bitcoin’s ability to defend the $64,000 region remains critical ahead of the Fed meeting.

“If price holds that level, then even with a typical post-FOMC correction, bulls can keep the local structure with a chance to extend the rally.”

Additional support comes from longer-term moving averages. According to crypto analyst Daan Crypto Trades, Bitcoin is currently trading between its weekly 200-day moving average and 200-day exponential moving average.

“Bulls want to close the weekly candle back above the 200EMA while holding the 200MA as support.”

Fed decision and geopolitical risks threaten Bitcoin recovery

CoinGlass liquidation data shows one of the largest nearby liquidity pools sits around $65,000, where leveraged long positions have accumulated over the past 24 hours. A break below that area could expose another concentration of liquidation interest near $64,500 and potentially accelerate downside volatility.

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Meanwhile, substantial short liquidation clusters remain stacked between $67,000 and $68,500. Those levels could act as upside magnets if Bitcoin regains momentum following the Fed decision.

Geopolitical developments remain another source of risk. Israeli Prime Minister Benjamin Netanyahu has stated that Israeli forces will continue occupying southern Lebanon despite the U.S.-Iran agreement, while Iran has threatened retaliation if alleged ceasefire violations persist. 

Any deterioration in regional stability could quickly reverse the market’s recent optimism surrounding the Strait of Hormuz and energy supplies.

Failure to hold the $64,000-$65,000 support zone would weaken the current recovery structure and shift attention back toward the June low near $59,200. Conversely, a break above $66,400 could open the door to a move toward $68,600 and potentially $71,000 as traders unwind short positions after the FOMC meeting.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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Perplexity AI is back with another Solana predicts, and this time it went further. The base case is $225 to $375 by end of 2026, a 3x to 5x from the current $74.93, with aggressive models stretching all the way to $400 to $1,000 if the bull run really accelerates.

That upper range is not a typo. Perplexity is genuinely entertaining the idea of a 13x Solana by year end, which puts it in a category of prediction that demands the underlying argument be airtight.

The foundation is Firedancer, going live at 1 million plus TPS alongside the Alpenglow upgrade, a combination that does not just make Solana faster but puts it in a performance tier no other Layer-1 can currently compete with.

Add growing ETF inflows and institutional stablecoin adoption building on top of a network already leading all chains in on-chain activity, and the bull case starts to feel less like optimism and more like a technology gap compounding.

When a chain is measurably ahead on throughput and real usage, and institutions start flowing capital in through regulated vehicles, the price tends to follow eventually.

What makes this prediction more interesting than a simple number is the specificity of the bear case.

Solana (SOL)

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Perplexity is not just saying macro could be bad. It names the Pump.fun class-action lawsuit that now includes Solana Labs and the Foundation as defendants as a genuine risk, alongside the network’s historical outage problem and ongoing SEC classification uncertainty.

A bear scenario landing at $76 to $95 is actually the most grounded part of this entire outlook, and notably, the current price of $74.93 sits right at the edge of that range, which tells you exactly how much risk the market has already priced in.

Solana Price Prediction: When The Tech Finally Catches The Price

SOL price is at $74.93 today after a textbook V-shaped recovery off the $60 low printed earlier this month, and the daily chart is doing something it has not done convincingly since March.

It is making a higher low. The June bottom at $60 sits above the February flash low near $65 on an intraday basis, and the recovery since then has been sharper and more sustained than any of the failed bounces between March and May.

That structural shift from lower lows to potential higher lows is the first technical ingredient any meaningful trend reversal needs.

The $80 level is now the critical short-term decision point, the same shelf that broke down in late May and where the overhead supply from that breakdown now sits.

Getting through $80 on a daily close and holding it would be the first genuine sign that this recovery has legs rather than just momentum.

Above it the $90 to $100 region becomes the next meaningful test, and clearing that opens the path toward the $120 to $140 zone where Perplexity’s base case starts to become visible on the chart.

The RSI is the most striking element of the current picture. At 51.62 with the signal line at 31.23, the gap between them is over 20 points, the widest divergence in this entire series of predictions today.

Momentum was absolutely buried during the June flush and has now rocketed all the way back to the midline, crossing neutral territory faster than at any point in the past several months. An RSI that recovers this aggressively from deeply oversold levels and crosses 50 without pausing tends to signal the beginning of a new directional phase rather than just a bounce.

Perplexity’s $225 to $375 target requires Solana to sustain that momentum for months. The RSI is suggesting the fuel is there. The chart just needs $80 to confirm it.

You Might Like What Perplexity AI Predicts About This New Layer 3 Called LiquidChain

Large caps are not in trouble. They are just out of the room. Bitcoin, Ethereum, and XRP have been testing the same ceilings for weeks with nothing breaking through.

Every macro catalyst has a new arrival date. Every institutional wave has a new quarter attached to it. Holding assets where the next leg depends entirely on someone else’s decision is not a trade. It is a waiting room.

The money that wins cycles never announces where it is going.

The capital that actually moves in cycles relocates before the destination has a name.

Small market cap infrastructure plays operate on physics that large caps simply cannot replicate. A rotation that would not register as a rounding error at Bitcoin’s scale can reprice an undiscovered project by multiples.

The opportunity lies in the distance between what something is genuinely worth and what the market has assigned it so far. That distance shrinks to zero the moment discovery happens. Before that moment, it is fully capturable.

Multi-chain fragmentation is one of the most consistently expensive problems in DeFi, and it has never been solved. Bitcoin, Ethereum, and Solana exist as completely isolated systems. No shared architecture. No native interoperability. Every time value moves between them, the disconnection extracts its cost in fees, slippage, and failed transactions. That cost hits every single crossing every single time.

LiquidChain makes the crossing free, as Perplexity AI predicts. All 3 networks inside one execution environment. Single deployment. Complete ecosystem access. No tax on any interaction.

The presale is at $0.01454 with just over $840,000 raised. Early and undiscovered.

Execution is unproven. Adoption is unknown. Established assets offer predictability toward a ceiling that the market already sees. LiquidChain is an entry point that does not exist once the market finds it.

Explore the LiquidChain Presale

The post Perplexity AI Predicts Explosive Solana Price Prediction by End of 2026 appeared first on Cryptonews.

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US Senator Cynthia Lummis says the CLARITY Act would direct $150 million to law enforcement to track scammers and other bad actors across digital asset markets.

The money would bolster the Financial Crimes Enforcement Network (FinCEN), the Treasury bureau that tracks suspicious money flows, as the market structure bill advances through the Senate.

What the Funding Targets

Crypto fraud has reached record levels. Americans reported losing $9.3 billion to crypto-related internet crime in 2024, FBI data show.

Victims over 60 reported the heaviest toll, nearly $5 billion, across all online fraud.

Supporters, including Lummis and the Crypto Council for Innovation, say the bill provides an additional $150 million to FinCEN. That figure appears in advocacy materials rather than the committee’s official fact sheets.

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The money would back expanded anti-money laundering programs, suspicious activity reports from newly covered exchanges, and blockchain analytics tools.

It would also support a pilot that lets firms share threat data with federal investigators.

The bill further tightens rules on digital asset kiosks, a fast-growing fraud channel.

Losses at Bitcoin ATMs topped $65 million in the first half of 2024, and people 60 and older bore about 71% of that total, the FTC reported.

Providers would also gain a safe harbor to pause suspicious transactions at law enforcement’s request.

Readers can review the CLARITY Act explainer for the full framework.

Where the CLARITY Act Stands Now

The House passed the CLARITY Act in July 2025 by a vote of 294 to 134. The Senate Banking Committee then advanced it on May 14 in a 15-9 bipartisan vote.

It now moves to the full Senate, where supporters want action as soon as June. The bill had already survived earlier Senate scheduling delays, and lawmakers have floated a bipartisan follow-up bill.

Critics, including Senator Elizabeth Warren, warn that the framework could still leave gaps for illicit finance.

The $150 million surviving final negotiations may test how hard the bill can be sold as a crypto market structure rulebook when senators take it up.

The post US Wants to Spend $150 Million Hunting Crypto Scammers Under New CLARITY Act appeared first on BeInCrypto.

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Hyperliquid (HYPE) printed a record high near $77 on June 16. HYPE hits an ATH, with the price climbing nearly 10% in a single day as spot exchange-traded fund (ETF) inflows accelerated.

The token now trades around $74.61, up roughly 67% over the past year. Its market capitalization sits near $16.57 billion, making it the tenth-largest cryptocurrency.

Institutional Money Rotates Into HYPE

The move arrives as institutional capital tilts toward HYPE. On June 15, spot Bitcoin funds bled while Hyperliquid products gained, part of a broader rotation across crypto ETFs.

Spot HYPE ETFs have drawn about $153 million in net inflows and nearly $900 million in volume since launch. Three products hold the token directly, namely 21Shares’ THYP, Bitwise’s BHYP, and Grayscale’s HYPG.

Efe “Crypto Kid” Kelemci, a member of the BeInCrypto Market Intelligence Experts Council, shared his exclusive comment. He ties that demand to the protocol’s economics.

“Hyperliquid’s revenue-generating business model stands out as especially attractive to institutions because its roughly $850 million in 2025 revenue saw 99% directed to buying and burning $HYPE tokens … pointing to even higher institutional inflows ahead.”

That utility helps explain the pull. Hyperliquid’s perpetual futures markets enable traders to access assets such as equities and pre-IPO names. That includes the SpaceX contract, which drew heavy volume before its public debut.

The flow timing reinforces the story. After a brief net outflow around June 5, ETF demand snapped back hard. One of the largest single-day inflows landed on June 15 as the price recovered.

Leverage Cuts Both Ways as Liquidations Spike

Strong inflows tell only half the story. Leverage on Hyperliquid has run hot since mid-May, and the data flags two-sided risk.

Long liquidations spiked in early June when prices pulled back from local highs. More recently, short liquidations have climbed as the token grinds higher, suggesting a squeeze is helping power the breakout.

The leverage backdrop also shaped a notable exit. Arthur Hayes sold his entire HYPE position above $72 in early June, then denied a reported buyback days later.

His departure offered a bearish counterweight to the bullish flows. Yet HYPE pushed to a record without him, a point traders have seized on.

What’s the Next Price Target for HYPE?

The daily chart frames the upside. HYPE reclaimed the 1.272 Fibonacci extension at $70.04 and now eyes the 1.618 extension near $83.55 as a first target.

A second target sits at the 2.0 extension around $98.47. The relative strength index is about 63, rising but not yet overbought, leaving room before momentum stretches.

One caution stands out. Volume has declined as price advanced, a divergence worth monitoring. The previous record at $59.41 now acts as support, with deeper backup near $51.05 along an ascending trendline.

Kelemci’s weekly chart shows HYPE trading in the upper half of an ascending channel since late 2024. That structure projects toward roughly $128 if the trend extends.

Kelemci also notes HYPE has gained 164% since the start of 2025. Over a similar span, Bitcoin fell 42%, and Ethereum dropped 57% from their peaks. He frames a far larger ceiling.

“If it scales to Tier-1 exchange volumes and launches spot trading, reaching a market capitalization similar to Robinhood’s roughly $70 billion would imply a token price well above $300, with the burn mechanism potentially allowing it to soar much higher.”

For now, the setup is binary. Hold the prior breakout above $59.41, and the path toward $83 and $98 stays open. Lose it, and the record run cools fast.

The post Hyperliquid’s HYPE Just Hit a New All-Time High: Experts Now Weigh $300 Target appeared first on BeInCrypto.

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President Donald Trump dismissed reports that the United States will pay Iran billions as fake news, yet crypto keeps surfacing in the debate over a proposed $300 billion reconstruction fund tied to the new US-Iran framework.

The confusion stems from a preliminary memorandum of understanding that Washington and Tehran expect to sign on June 19. Online, traders quickly asked whether any payout could move through Bitcoin (BTC) or stablecoins.

What the $300 Billion Fund Actually Involves

Vice President JD Vance addressed the figure on CBS on Monday. He said Iran could reach the money only by honoring its commitments, and that Gulf states, not American taxpayers, would supply it.

“That’s the sort of thing they could have access to, funded by the Gulf coast coalition, so long as they honor their end of the obligation,” the Hill reported, citing Vance.

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Trump pushed back harder on Truth Social. He rejected the payout claim while touting Iran’s pledge to drop nuclear weapons.

The two sides have pitched different deal terms throughout the talks.

“…the story that the U.S. is paying Iran 300 million Dollars is Fake News, put out by the Dumocrats!!!” Trump wrote.

No public version of the draft mentions a fixed payout.

The deal instead ties any Gulf investment to nuclear limits, weapons inspections, and the reopening of the Strait of Hormuz.

Why Crypto Entered the Iran Conversation

No public text in the framework mentions digital assets. Still, Iran’s record made the leap easy for speculators to make.

Tehran has leaned on crypto to dodge sanctions for years. On June 2, the US Treasury blacklisted four Iranian platforms, including Nobitex, Iran’s largest exchange.

Treasury said Nobitex alone processed more than half of Iran’s crypto inflows in 2025, much of it IRGC-linked.

Tehran has also floated Bitcoin tolls for ships crossing the Strait of Hormuz. That history keeps digital assets close to the story, even without a formal role.

The framework still moved markets. Bitcoin reached a two-week high on ceasefire optimism, a swing that wiped out roughly $246 million in short positions.

The signing on June 19 should clarify the actual terms. Until then, the gap between Trump’s denial and Tehran’s messaging will likely keep crypto speculation alive.

The post Trump Says No $300 Billion for Iran, So Why Is Crypto Part of the Conversation? appeared first on BeInCrypto.

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SpaceX (SPCX) climbed into the world’s most valuable companies this week, then stalled. The SpaceX stock spiked near $212 on Tuesday before sliding back toward $202, leaving its first clear sign of fatigue on the chart.

The pullback arrived three sessions after the IPO at $135, with the rocket maker briefly worth about $2.8 trillion at its premarket high. That figure pushed it close to Amazon before the gains faded.

Momentum Fades as RSI Rolls Out of Overbought

The relative strength index tells the clearest part of the story. During the run toward $214, RSI pushed into overbought territory near the 80 mark on the five-minute chart (blue circles).

It has since rolled over and slid toward the low 40s. In plain terms, the buyers who powered the debut are losing short-term control (red arrow).

The signal stays soft until RSI reclaims the 60s while price pushes back above the $214 high. Until then, momentum favors sellers on the intraday timeframe.

Ranking and ETF Demand Tell a Stronger Story

The momentum picture looks weak, yet the structural demand behind SPCX stock does not. The latest ranking shows SpaceX sitting sixth among the world’s largest companies, with a market capitalization of about $2.52 trillion.

That places it ahead of Taiwan Semiconductor (TSMC) at $2.29 trillion and just behind Amazon at $2.65 trillion. The premarket spike briefly lifted SpaceX above Amazon for the fifth time before it settled back.

Demand has also been broad across markets. Issuers rushed leveraged SpaceX ETFs to market, while traders cleared $1.4 billion in SPCX perpetuals on a single decentralized venue when several exchanges ran short of shares.

SpaceX Stock Hinges on the $201 Fibonacci Support

A Fibonacci retracement drawn from the $214.77 high down to the $157.41 first-session low maps the levels that matter now. Price near $202 is pinned to the 0.236 level at $201.23.

Holding that line keeps almost the entire run intact and signals a shallow, healthy pause. A clean break opens the 0.382 level at $192.86, which also marks Monday’s regular-session close.

Below that sits the 0.5 midpoint at $186.09 and the 0.618 golden pocket at $179.32. The golden pocket lines up with the early post-debut spike high, so it forms the strongest support on the chart.

The risk is that the leverage stacked through new ETFs amplifies any slide. Skeptics have already flagged the valuation as stretched. Ipek Ozkardeskaya, senior analyst at Swissquote Bank, said:

“We can say with certainty that this valuation makes absolutely no sense today. People are buying SpaceX in the expectation that others will buy too and push the price higher – that’s speculation.”

Defending $201 keeps the uptrend alive and points back toward the $214 ceiling. Losing it shifts attention to $193, then the $179 golden pocket that could decide whether this is a pause or a deeper unwind.

The post SpaceX Hits $2.8 Trillion and Sixth Place, but the Chart Flashes Its First Warning appeared first on BeInCrypto.

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Strategy’s (MSTR) dividend-paying preferred stock, STRC, closed at $91.79 on Tuesday, its third-lowest since trading began in July 2025, amid lower bitcoin prices and debt concerns.

The only lower closes occurred during two sessions later that month, when STRC fell to as low as $88.60. The security was initially priced at approximately $90 in its debut.

STRC was designed to trade as close as possible to its $100 par value. However, it has remained below that level for an extended period and has not traded at $100 since May 15, last month’s ex-dividend date.

Historically, STRC would trade near its $100 par value ahead of the ex-dividend date, the cutoff after which new buyers are no longer entitled to the upcoming dividend. Once the stock went ex-dividend, it often declined by roughly the value of the dividend before gradually recovering toward par, but on June 15, STRC never reached par.

Several factors appear to be contributing to STRC’s persistent weakness.

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First, the security has historically traded in tandem with bitcoin, and bitcoin remains under pressure, hovering around $65,000 and roughly 50% below its October all-time high.

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