Circle stock has remained under pressure ahead of the July 18 deadline for U.S. regulators to publish implementation rules for the GENIUS Act, while technical indicators continue to point to downside risks for CRCL shares.

Summary

• U.S. regulators must publish GENIUS Act implementation rules by July 18, putting Circle and stablecoin issuers in focus.
• CRCL stock remains under bearish pressure, with charts showing key support near $61.70 and downside risk toward $49.
• Coinbase shares have also weakened below $160 as investors await regulatory clarity and monitor key technical levels.

According to the GENIUS Act signed by President Donald Trump on July 18, 2025, federal agencies were given one year to prepare the regulatory framework governing stablecoin issuance, licensing, reserve management, and supervision.

That transition period expires on July 18, 2026, leaving the Federal Reserve, the U.S. Treasury, and other financial regulators with just days to release the required guidance.

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The upcoming rules are important for Circle because the company issues USDC, one of the largest stablecoins by circulation. As crypto.news previously reported, any changes affecting reserve standards, licensing requirements, or issuer obligations could influence investor expectations for Circle’s business and, by extension, CRCL stock.

July 18 rules could become the next catalyst

Regulatory attention arrives as lawmakers remain divided over the second major U.S. crypto market structure bill.

Prediction market platform Polymarket currently assigns a 45% probability to the CLARITY Act becoming law. The bill has faced opposition from banks, which argue that allowing companies such as Circle and Coinbase to offer yield on stablecoin balances could encourage customers to move money out of traditional bank deposits.

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While Congress continues debating the CLARITY Act, investors are now focused on the rules tied to legislation that has already been enacted. Unlike the pending bill, the GENIUS Act requires regulators to publish detailed implementation guidelines before the statutory deadline.

Market participants will be watching whether the agencies introduce stricter capital, reserve, disclosure, or licensing standards that could affect stablecoin issuers operating in the United States.

Technical charts continue to favor sellers

CRCL shares traded around $63 on July 8 after falling 2.84% during the session as geopolitical tensions weighed on risk assets following President Trump’s statement that the Iran ceasefire had ended.

The daily chart also shows that the stock remains locked in a sustained downtrend. Price continues to trade below a descending trendline that has capped every recovery attempt since May, while the Supertrend indicator remains bearish with resistance near $82.

Technical support is clustered around $61.70, which coincides with the 100% Fibonacci retracement level visible on the daily chart. A confirmed break below that level through three consecutive daily closes could expose the February low near $49, extending the current decline.

Momentum indicators continue to support the bearish outlook. The Relative Strength Index has slipped to about 35, showing that sellers still control the trend even as the stock approaches oversold territory. Although an oversold reading can precede a rebound, the chart has yet to produce a confirmed reversal signal.

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Coinbase shares have also weakened alongside Circle. COIN traded below the psychological $160 level after failing to clear resistance around $168, a rejection that interrupted the recovery that began at the end of June.

The Coinbase chart likewise points to continued caution. Shares remain below a descending trendline, while the Chaikin Money Flow indicator has stayed negative, suggesting capital continues to leave the stock.

If selling pressure persists, the next support sits near $149, followed by the June 26 low around $139. A sustained move back above $168 would be needed before the technical outlook begins to improve.

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XRP price prediction remains in focus as the coin experiences another quiet pullback. The token has slipped about 2% over the past day, but sellers have not taken full control. For now, it looks more like a coffee break than a panic.

The latest XRP Ledger server upgrade, v3.2.0, has crossed the key validator threshold. Thirty-one of the 35 validators on the default Unique Node List now run the new version. That comfortably clears the 80% level needed for stable network consensus.

Meanwhile, most relay nodes still use the older release, but they do not determine consensus. Validators carry that responsibility, making their adoption rate the figure that matters most. Even so, the fixCleanup3_2_0 amendment still needs more validator backing before activation.

XRP has also held up better than much of the crypto market over the past week. That keeps the recent dip looking like consolidation instead of a trend reversal. If buyers defend nearby support, bulls could soon have another shot at higher prices.

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XRP Price Prediction: Reclaim $1.2 This Week?

XRP price prediction has turned cautious after the token slipped to about $1.10. The latest session traded between roughly $1.10 and $1.12. Even so, XRP is still hovering near a level buyers have defended several times lately.

Support sits around $1.05 to $1.10, where buyers have repeatedly stepped in. Meanwhile, resistance remains near $1.15 to $1.18. It is not the flashiest chart around, but sometimes boring charts save traders from expensive lessons.

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If XRP holds above $1.10, buyers could make another run toward $1.18. On the other hand, a daily close below $1.05 would weaken the recent structure. That could expose the psychological $1.00 area, with about $0.98 acting as the next notable support.

The recent XRPL validator upgrade is a welcome improvement for the network. Still, technical upgrades rarely lift prices without stronger demand behind them. For now, trading volume, market sentiment, and fresh capital flows are likely to matter more than software updates alone.

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Bitcoin Hyper Targets Early-Mover Upside as XRP Tests Key Levels

XRP holding $1.10 after a 4.4% weekly outperformance is a reasonable position, but at a $65 billion market cap, the asymmetric upside a trader might want requires a significant re-rating. That math pushes some capital toward early-stage infrastructure with a smaller base and a specific technical edge.

Speculative positioning on XRP’s longer-term targets remains elevated, but traders looking for asymmetry at current prices are increasingly eyeing presale infrastructure plays.

Bitcoin Hyper ($HYPER) is positioning itself as the first Bitcoin Layer 2 with SVM integration, combining Bitcoin’s security with Solana Virtual Machine execution speed, targeting performance that exceeds Solana’s current throughput.

The project has raised $32.9 million at a current token price of $0.0136828, with staking incentives active for early participants. The core proposition is closing Bitcoin’s programmability gaps like slow transactions, high fees, and no native smart contract layer, without sacrificing the base layer’s trust model.

Research Bitcoin Hyper here before considering any allocation.

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The post XRP Price Prediction: Validators Welcome XRP Ledger Last Upgrade appeared first on Cryptonews.

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Bitcoin price is trading around $62,700 after clawing back from last week’s slide below $60,000, as a bearish prediction remains. The rebound has steadied nerves, but conviction remains thin. After nearly $1 billion in liquidations, traders are still treating every bounce like it owes them money.

Now Tether is shifting attention south. The stablecoin issuer is leading a $20 million strategic funding round for Mercado Bitcoin, Latin America’s largest crypto platform. Founded in 2013, the exchange serves about 4.5 million users, has tokenized more than R$2 billion in assets, and holds over ten regulatory licenses across Brazil and Europe.

The timing is no accident. Europe’s MiCA rules are now fully in force, and USDT lacks the required e-money authorization. As a result, several major exchanges have removed USDT trading for users in the European Economic Area, pushing Tether to double down on regions where adoption is still expanding.

That makes Brazil more than just another growth market. It gives Tether a chance to deepen stablecoin usage, tokenized finance, and cross-border payments where demand is rising. If that strategy delivers, fresh liquidity could eventually find its way into Bitcoin. If not, it simply becomes a smart insurance policy against losing ground in Europe.

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Bitcoin Price Prediction: Reclaim $65,000 After the Triangle Breakdown?

Bitcoin has steadied after shaking off a failed breakdown, but the chart still keeps traders guessing. Buyers quickly reclaimed lost ground instead of letting the slide snowball. That is encouraging, although one good bounce does not magically erase earlier weakness. Bitcoin is trading near $78,400, up about 2.8% over the past day and roughly 5% over the week.

The technical setup remains a tug of war. A failed bearish pattern often invites bargain hunters, yet sellers rarely leave quietly. That leaves price stuck in a familiar game of tug of war, where conviction matters more than one flashy candle.

Bitcoin (BTC)

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The first level worth defending sits around $76,000, where buyers recently stepped in. If that floor cracks, momentum could fade quickly. On the upside, resistance stands near $80,000. A decisive daily close above that level, backed by healthy volume, would give bulls something more convincing than crossed fingers.

If buyers keep control, Bitcoin could challenge the $84,000 region next. A quieter outcome sees price drifting between $76,000 and $80,000 while traders digest recent gains. However, a daily close below $76,000 would hand sellers fresh momentum and put $74,000 back into focus.

The longer term trend still favors higher prices, but the next couple of weeks deserve attention. Markets have a habit of exposing weak rallies without sending an invitation first. A sustained move above resistance would strengthen the bullish case, while another rejection would keep traders patient instead of heroic.

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Bitcoin Hyper Targets Early Mover Upside as Bitcoin Tests Key Levels

Bitcoin price consolidating near $63,000 after a high-leverage washout is a familiar setup: the spot asset has repriced, upside from current levels is real but capped with macro prediction, and the outsized return window sits further up the risk curve. That’s the structural argument for early-stage Bitcoin infrastructure plays, not as a substitute for BTC exposure, but as a way to capture build-out value before it’s priced in.

Bitcoin Hyper ($HYPER) is positioning directly inside that thesis. It’s building what it calls the first-ever Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration. It boasts sub-second finality and low-cost smart contract execution layered on top of Bitcoin’s security model, with a Decentralized Canonical Bridge handling BTC transfers.

The pitch isn’t theoretical: the presale has already raised $33 million at a current price of $0.0136828, with staking available for presale participants. If the broader BTC macro cycle plays out as aggressively as some models suggest, infrastructure layers capturing that activity tend to move early.

Research Bitcoin Hyper at the official presale page before the next stage reprices.

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The post Bitcoin Price Prediction: Can Tether’s Brazil Push Boost BTC Despite Europe’s USDT Exit? appeared first on Cryptonews.

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More than $500 billion has been wiped from U.S. stock markets after President Donald Trump declared the U.S.-Iran ceasefire effectively over and warned that Washington could launch fresh military action against Iran.

Summary

• Donald Trump declared the U.S.-Iran ceasefire over and warned fresh military action against Iran could follow.
• More than $500 billion was erased from U.S. stock markets as oil surged and crypto prices extended losses.
• Bitcoin slipped toward key support while traders monitored risks to Iran’s Kharg Island oil export terminal.

According to remarks Trump made to reporters, he no longer considers the ceasefire in effect, saying, “I don’t want to have anything to do with them anymore; they’re scum.” During separate comments at the NATO Summit, Trump also said the United States would “probably” strike Iran again later that night, reigniting fears of a broader conflict across the Middle East.

Those remarks came only days after indirect talks between U.S. and Iranian negotiators, with mediation from Qatar and Pakistan in Doha, had reportedly produced positive progress. Tuesday’s statements raised doubts about whether those diplomatic gains could survive.

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Markets reacted immediately. U.S. equities fell sharply, crude oil climbed, and cryptocurrencies extended losses as investors moved away from risk assets. Trump’s remarks also drew attention because he mistakenly referred to Iran as the “Islamic Republic of Japan” while describing what he said was an attack involving 11 missiles against a U.S. aircraft carrier.

Oil and equities have reacted first to renewed geopolitical fears

Energy markets recorded one of the strongest reactions. Crude oil jumped about 5%, testing resistance near $75 after traders priced in the possibility of supply disruptions. If prices establish themselves above the $72 level, technical price action suggests oil could challenge $78 in the short term.

Wall Street also turned lower. The S&P 500 fell roughly 1%, the Nasdaq 100 lost 1.5%, and the Dow Jones Industrial Average dropped 1.3%. Intraday trading pushed the S&P 500 down to around 7,429 before stabilizing slightly near 7,437.

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Gold failed to benefit from the initial flight to safety, sliding about 2.5% from roughly $4,100 to $4,030.

Digital assets followed the weakness in equities. According to CoinGlass, 125,335 traders were liquidated over the past 24 hours, with total liquidations exceeding $385 million across the crypto market.

Bitcoin also extended its decline after already coming under pressure following reports that an oil tanker had been attacked in the Strait of Hormuz earlier this week. The cryptocurrency was trading near $62,200 at the time of writing after failing to reclaim resistance around $63,200, a level that coincides with the 78.6% Fibonacci retracement on the daily chart.

Technical indicators also show Bitcoin remaining below its Supertrend resistance near $65,800 while continuing to trade beneath a descending trendline, suggesting sellers still hold the advantage. If geopolitical tensions intensify further, the next major support lies near $57,900, with intermediate support around $61,500.

Trump’s warning about Iran’s infrastructure has raised supply concerns

Alongside declaring the ceasefire finished, Trump outlined what he claimed the U.S. military could do if hostilities escalate further.

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“The U.S. military could destroy all of Iran’s bridges, disable its electrical grid, and destroy its desalinization plants in one day,” Trump said.

Trump additionally discussed Kharg Island, Iran’s primary oil export terminal, saying U.S. forces had struck part of the facility the previous night and suggesting they could eventually control the entire island.

Kharg Island handles most of Iran’s crude oil exports, making it one of the world’s most important energy infrastructure sites. Any prolonged disruption there could reduce global crude supplies and keep upward pressure on oil prices.

As traders continue assessing Washington’s next move, developments around Iran’s oil infrastructure are expected to remain one of the main drivers for oil, equity, and cryptocurrency markets in the coming sessions.

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Bitcoin (BTC) trades slightly above $62,000 and is down nearly 2% over the past 24 hours amid a risk-off mood across global markets. The pressure is not coming from crypto exclusively and is more so attributed to a sharp selloff in semiconductor and AI stocks. 

Renewed profit-taking from Samsung sent Asian markets reeling overnight, and military escalation between the US and Iran sent oil up around 5%. As a result, US stocks opened lower, and on Wednesday the Federal Reserve released the minutes from its June meeting, a report traders typically watch closely for clues on the timing of any rate cut. 

Currently, markets price roughly a 73% chance the Fed holds rates steady at its next meeting on July 29, but the major takeaway for investors will be how the tone of the minutes frames the Fed’s view on inflation and interest rates.  

Bitcoin buyers quickly became sellers 

Bitcoin’s cumulative volume delta (CVD) showed traders buying on Monday, with futures CVD adding about $585 million and spot CVD adding nearly $119 million, for a combined $705 million in net buying as BTC rallied above $64,000. 

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By Wednesday, the mood had shifted to reflect traders’ apprehension and the need to cut risk ahead of oil’s advance, the semiconductor selloff and the pending release of the Fed minutes. Futures market selling accelerated to nearly $500 million and spot followed with a $86 million sell volume. 

BTC/USD spot and futures CVD. Source: Hyblock

Bitcoin’s funding rate and open interest dropped, reflecting traders’ choice to cut positioning, but the week-long trend of positive funding rates remains intact. 

BTC/USD funding rate, open interest. Source: Hyblock

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Liquidations have also stayed relatively small in dollar terms, but they are one-sided. Wednesday’s forced selling was almost entirely on the long side, with roughly $47 million in long liquidations versus about $4 million in short liquidations. 

Hyblock’s liquidation data shows a large cluster of long positions near $61,000 and if Bitcoin trades down into that zone, those forced sales can briefly accelerate the move lower. 

A trend reversal is not confirmed 

Although Bitcoin bulls put in a good effort, absorbing dips to $60,000 and below, and fresh flows from spot markets and BTC ETF buying show investor appetite in the current range, the bulk of the price move remains driven by futures activity. 

Wednesday’s price action demonstrates how fast conviction and price can unravel when the primary fuel behind the move is futures-driven, and sentiment across the crypto market remains in the “fear” category according to the Crypto Fear & Greed index.

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Crypto Fear & Greed Index. Source: Alternative.me

Beyond the geopolitical and Fed-related impact on intra-day price action, Strategy’s recent sale of 3,588 BTC and the fact that Bitcoin’s current price is below its $74,582 average price have cast an ominous cloud over the wider market as investors grapple with the reality that the largest BTC treasury could become a frequent seller. 

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Bitcoin maximalist Justin Bechler has warned that the failure of BIP-110 would leave BTC permanently under the control of what he called a “fiat funding apparatus.”

He also argued that the network would lose its role as permissionless, censorship-resistant money.

BIP-110 Is Bitcoin’s “Line in the Sand”

With debate over the proposed soft fork continuing to divide members of the Bitcoin community, Bechler took to X, writing a lengthy post titled “My Plan for the Death of Bitcoin,” where he framed BIP-110 as a direct response to what he called catastrophic spam abuse that BTC’s network has suffered since February 2023, worsened after Core v.30 removed limits on OP-RETURN data.

According to him, Bitcoin’s defining feature is that anyone can run a node to use it as censorship-resistant money. Furthermore, Bechler claimed organizations such as Brink, Chaincode Labs, Spiral, OpenSats, and the Human Rights Frontier are reshaping the future of Bitcoin Core by “waging war against nodes.” As such, he claimed BIP-110 is necessary to protect that principle from growing centralization, and if it failed, it would embolden Core developers to strip away all the remaining restrictions until “nobody runs a node but Wall Street and government institutions.”

“If BIP-110 fails,” he wrote, “Bitcoin will have failed at its singular purpose and it will have been repurposed for non-monetary ‘use cases.’”

The BTC enthusiast also predicted that miners will, in the end, support the proposal because signaling costs them nothing, while rejecting it risks losing block rewards from enforcing nodes.

But despite saying that he would stop running a Bitcoin node and refuse to support a fork were the measure to fail, Bechler insisted that he was still optimistic about the OG crypto network’s future. “Bitcoin will win,” he wrote, adding that BIP-110 had already surpassed the signaling level reached by BIP-148 the day before its activation.

Community Still Divided Over the Proposal

The latest dispute comes on the heels of earlier criticism in late June, when opponents claimed that BIP-110 could make some wallet-generated addresses unspendable once it was activated. And as is expected of such emotive subjects, Bechler’s latest warning also drew mixed reactions across the Bitcoin community.

One of them, BTC Inc’s Brandon, dismissed the post as “the type of rage quit that will form a generational bottom,” while another, podcast host Stephen Livera, argued that supporters of an alternative chain would ultimately create an altcoin separate from “the real Bitcoin.”

In another post, Livera shared comments from BTC developer Gregory Maxwell, who accused some of the advocates for BIP-110 of framing the proposal as an anti-spam measure while denying that same motivation when challenged.

Meanwhile, Chainstone Labs CEO Bruce Fenton took a different position, saying he was not deeply invested in the technical details but also suggesting that the larger risk for Bitcoin comes from increasing centralization and financialization and not the proposal itself.

Others, while remaining supportive of BIP-110, adopted a less absolute stance than Bechler. For instance, CoinCube founder Robert Allen said if the proposal failed, he wouldn’t abandon Bitcoin, although he would become more cautious and would also push for wider support for non-Core implementations such as Bitcoin Knots.

The post Bitcoin Maxi Warns BIP-110 Failure Could Mean the End of Permissionless Money appeared first on CryptoPotato.

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Ethereum is slipping by more than 2% as massive $2.5 billion USDT burn on Ethereum dragged its price prediction down. Although ETH barely flinched, as traders believe the burn looks more like Tether moving liquidity than an exit.

Large redemptions often reflect supply shifting between networks instead of cash leaving crypto altogether. Trading volume stayed around $10 billion, showing buyers and sellers kept business humming.

Even so, Ethereum has held onto much of its recent recovery. The token remains roughly 10% higher than a week ago despite today’s pullback. That suggests traders are taking profits without triggering the kind of panic that usually sends charts into freefall.

Attention now shifts to upcoming U.S. inflation and policy updates, which could spark the market’s next move. Until then, Ethereum may keep drifting inside its current range. Traders seem content to wait, even if the blockchain never really sleeps.

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Can Ethereum Price Hit $1,850 This Week?

Ethereum is trading around $1,730 after losing momentum from its recent rebound. The latest pullback has pushed price below the previous support zone, putting sellers back in control. Bulls have some work to do before anyone starts talking about a comeback.

The first support now sits around $1,700. If that level fails, Ethereum could slide toward $1,620, with $1,530 as the next major downside target. Catching a falling knife sounds exciting until you remember who usually gets cut.

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Meanwhile, resistance has shifted lower to the $1,750 to $1,770 area. Ethereum needs to reclaim that zone before traders can target $1,845 and $1,865 again. A stronger recovery could eventually bring $1,975 into view, but that remains a stretch for now.

The base case is continued choppy trading while investors wait for fresh macro catalysts. However, a sustained move back above $1,770 would improve the technical picture. Until then, the bears have the upper hand, even if they still can’t resist taking a victory lap too early.

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LiquidChain Targets Early Mover Upside as Ethereum Tests Key Levels

ETH at $1,750 is a recovery, not a breakout. Traders positioned since the $1,500 low are sitting on 10% gains, but the $1,865 resistance wall means meaningful additional upside requires a macro catalyst that isn’t confirmed yet. For capital looking for asymmetric exposure without waiting on the next Fed print, early-stage infrastructure plays carry a different risk-reward profile entirely.

LiquidChain ($LIQUID) is a Layer 3 infrastructure project positioning itself as a unified cross-chain execution environment, fusing Bitcoin, Ethereum, and Solana liquidity into a single layer.

The architecture (Unified Liquidity Layer, Single-Step Execution, Verifiable Settlement, Deploy-Once) targets the fragmentation problem that makes cross-chain development genuinely painful.

As of today, the presale is currently priced at $0.01477, with $890K raised. Recent coverage has tracked its trajectory toward the $900,000 milestone.

Research LiquidChain before making any allocation decision.

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Bitcoin (BTC) stayed below $62,000 after Wednesday’s Wall Street open as US president Donald Trump closing a key world oil route.

Key points:

• Bitcoin drops to $61,500 as Trump says that the ceasefire with Iran is “over.”
• Both sides reportedly threaten to close the Strait of Hormuz, sending oil prices soaring.
• Bitcoin traders anticipate new lows, but analysis sees Trump sweetening the mood later.

Bitcoin gives back gains as Trump says Iran ceasefire “over”

Data from TradingView showed daily BTC price downside circling 2.5% as markets reacted to the collapse of the US-Iran ceasefire.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

“To me, I think it’s over,” Trump said about the ceasefire during a press conference at the NATO summit in Ankara, Turkey.

Additional reports claimed that both the US and Iran were considering reimposing a blockade of the Strait of Hormuz oil route.

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US WTI crude oil passed $75 per barrel on the day, reaching its highest levels since June 22.

CFDs on US WTI crude oil four-hour chart. Source: Cointelegraph/TradingView

The latest events had an instant impact on expectations over financial policy moves by the US Federal Reserve.

The latest data from CME Group’s FedWatch Tool showed increasing odds of an interest-rate hike coming at the Fed’s September meeting, with July’s still tipped to see rates stay at current levels.

Fed target rate probabilities (screenshot). Source: CME Group

Users on prediction service Kalshi, meanwhile, put the odds of a hike in 2026 at 55%.

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Trader names $61,000 as “crucial” BTC price level

Commenting, crypto trader and analyst Michaël Van de Poppe predicted a retest of $61,000 for Bitcoin.

Related: BTC speculators in focus as analysis says ‘textbook Bitcoin bottom’ is underway

“This to happen, and then 1-2 days later; we’re in talks again. And the markets reverse,” he wrote in a post on X.

Earlier, Van de Poppe said that there was “no problem” visible in BTC price action.

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“Price remains hovering above $60,000, despite the fact that the Middle East has reactivated the War again. Other than that, as long as it remains a relatively shallow correction, I don’t think we’ll start to see lower levels in the markets,” he wrote. 

“The crucial level for me is the $61,000 area.”

BTC/USDT one-day chart. Source: Michaël Van de Poppe/X

Among traders, anticipation was building over a trip to new local lows.

“Tensions with Iran flaring up again just as $BTC tried to reclaim the previous range lows. Starting to look like we’re getting those cheaper accumulation opportunities we were hoping for,” trader Jelle told X followers.

BTC/USD one-day chart. Source: Jelle/X

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American Bitcoin Corp. has surpassed 8,000 BTC, worth $502 million at current prices. Eric Trump announced the milestone on X, saying the crypto company will keep stacking Bitcoin. That stash now places American Bitcoin among the world’s largest corporate holders, moving ahead of several well-known crypto firms.

Corporate buyers keep scooping up coins even as traders wait for Bitcoin to pick a direction. Wall Street may love earnings season, but Bitcoin seems more interested in balance sheets.

The Trump family’s linked company’s strategy stands out because it mines Bitcoin while steadily adding to its treasury. It also reported a 52% mining margin in the first quarter and maintained lean operating costs. While many public miners sold Bitcoin after the halving to cover expenses, American Bitcoin kept filling the vault instead.

Still, buying headlines alone does not guarantee higher prices. Bitcoin has struggled to build momentum, leaving traders caught between steady corporate demand and cautious market sentiment. For now, accumulation offers support, but the chart still needs to prove it can carry the next leg higher.

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Can Bitcoin Price Break $65,000 with the Help of Trump, The Crypto President?

Bitcoin has settled into a tighter range, trading between roughly $62,800 and $63,200 over the past day. Its market value stands near $1.26 trillion, with just over 20 million BTC in circulation. For now, traders seem happy to watch instead of chase. Even Bitcoin deserves a coffee break sometimes.

The bigger picture still favors caution after Bitcoin confirmed a breakdown from its multi month symmetrical triangle. Price briefly slipped below $60,000 before snapping back, triggering heavy liquidations that mostly wiped out leveraged longs. That flush cleared out crowded positions, but it did not erase the technical damage.

Now, the $60,000 to $61,000 area remains the first line of defense. Meanwhile, the mid $60,000 region has flipped into resistance after acting as support for weeks. Buyers have shown up where it matters, yet they still need enough momentum to push through overhead selling.

Bitcoin (BTC)

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If Bitcoin climbs back above $65,000 with strong volume, short covering could fuel another rally. Otherwise, a sideways stretch between $61,000 and $65,000 remains the most likely path. However, a weekly close below $60,000 would strengthen the bearish case and shift attention toward the $57,000 to $58,000 zone.

Mining difficulty fell by about 10% in early June, marking its second notable drop this year. At the same time, traders continue watching large institutional wallet movements, including a transfer of about 2,700 BTC linked to BlackRock. Those flows may offer clues, but price still gets the final vote. Still, Trump and his influence on crypto could pump Bitcoin at any second.

Discover: The Best Crypto to Diversify Your Portfolio

Bitcoin Hyper Eyes Early-Stage Entry While BTC Works Through Resistance

Traders positioned in spot BTC near $63,000 are looking at a ceiling, not a clear runway. The triangle breakdown means any push toward previous highs above $120,000 requires a full technical reset first, and that takes time. That gap between the current price structure and upside potential is exactly where early-stage infrastructure plays tend to attract attention.

Bitcoin Hyper ($HYPER) is positioning as the first Bitcoin Layer 2 with Solana Virtual Machine integration with sub-Solana latency on top of Bitcoin’s security layer. The presale has raised $33 million at a current price of $0.0136, with staking already live.

Bitcoin (BTC)

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The core pitch: Bitcoin’s programmability problem gets solved without abandoning Bitcoin’s trust model. Decentralized canonical bridge for BTC transfers, high-speed smart contract execution, and low fees.

For readers who want to dig into the mechanics, the full breakdown is available at the Bitcoin Hyper presale page.

The post Eric Trump Doubles Down on Crypto as American Bitcoin Amasses 8,000 BTC appeared first on Cryptonews.

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