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Bitcoin Plunges Below $100K as XRP and Dogecoin Prices Hit 2-Month Lows

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Crypto prices continued to crater Sunday morning, with Bitcoin dropping below $100,000 mark, Ethereum plunging 10% on the day, and assets like Solana, XRP, and Dogecoin falling to multi-month lows.

The downward shifts came after the United States entered the conflict between Israel and Iran, with President Donald Trump announcing late Saturday that U.S. forces bombed three Iranian nuclear facilities in an attack dubbed Operation Midnight Hammer.

The move threatens to further inflame tensions in the Middle East, following recent back-and-forth attacks between Israel and Iran. Much like those attacks, the salvo from the United States is impacting financial markets as well.

Bitcoin is currently down more than 3% on the day at a price of $99,843. That’s the lowest price marked for the leading cryptocurrency since early May, per data from CoinGecko.

Ethereum has taken a much harder hit on the day, falling more than 10% to a current price of $2,171. Like Bitcoin, it’s the lowest mark seen for ETH since early May, paring back some of the sizable gains that the coin put up last month.



Major altcoins like XRP, Solana, and Dogecoin haven’t fallen as hard as ETH on the day, but their historical impact is more pronounced, with all three showing low prices not seen in two months. XRP is currently priced at $1.95, while Solana comes in at $127 and Dogecoin is at $0.147.

Liquidations have only accelerated across the crypto market, with CoinGlass showing $949 million worth of “rekt” positions over the last 24 hours. Ethereum is leading the way there with about $369 million worth, followed by Bitcoin at $242 million.

The vast majority of the liquidations are longs—or bets that an asset’s price will go up—at $849 million worth.

Users of prediction market Myriad have become increasingly bearish on Bitcoin’s price prospects amid the chaos. Asked whether BTC is more likely to jump to $115,000 (a new all-time high) next or plunge below $95,000, users give the latter option a nearly 65% chance as of this writing.

Just Friday morning, Myriad users were banking on the $115,000 move.

(Disclosure: Myriad is a product of Decrypt’s parent company, DASTAN.)

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Shaurya Malwa
NFT Gaming

Ripple Rebounds From Intraday Lows, Forms Bullish Pattern Above Key Support

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Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.



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Bitcoin
NFT Gaming

Bitcoin Bearish Move Is Over? Higher Lows Chart A Course To $115,482

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin is still trending above $100,000 despite having seen a turn toward negative sentiment in the last week. This suggests that this is the major level to hold for bulls, or the bullish trend would be invalidated. Amid this, there have been wild fluctuations in the daily trading volume of the cryptocurrency as investors remain highly uncertain of what is supposed to come next. While some predict the digital asset to crash further from here, others like crypto analyst Master Ananda see a continuation of the uptrend.

Why Bitcoin Price Is Headed For $115,482

In an analysis, Master Ananda has suggested that the Bitcoin price will reverse, and not just that, but that the digital asset would rise to new all-time highs from here. The first pointer was toward the market crash back on June 13 that sent the price spiraling toward $100,000. However, it was stopped short above $102,000, and the crypto analyst believes that this shows that the bearish move was over.

With the recovery, the Bitcoin price has continued to trade above the 0.618 Fibonacci retracement, putting it back on the path of bulls. Furthermore, the Bitcoin price has also moved above major levels such as the EMA34, EMA21, 3MA13, and the EMA8, according to the analyst.

From here on, the levels that the Bitcoin price needs to hold are the $105,293 and $105,314 support levels. Holding these levels would provide the needed strength for the cryptocurrency to continue rising further. But a fall from here would mean that the next support to hold would be at $104,533 and $104,282, Master Ananda explained. This is because this would put the price right at the 0.618 Fibonacci retracement level.

Source: TradingView

Why A Bounce Could Mean New All-Time Highs

On the flip side of the support levels are the resistance levels that the Bitcoin price must surmount in order to actually make a notable rally. Here, the main levels lie above $016,625 and then $107,559. Both of these act as resistance strongholds for bears, as has been shown by the price action over the last week.

If the resistance at the latter can be surmounted, then the next level to beat lies at $018,989. Then, moving forward, $110,586 stands in the way, and how the bulls perform at this level would be a determinant of whether the Bitcoin price would reach new all-time highs or decline back toward $100,000.

According to the crypto analyst’s charts, the Bitcoin price would target $115,482 as its final stop on this rally. As the crypto analyst explained, “The 1H timeframe is bullish now based on price action, candlestick patterns, higher lows, moving averages, and the oscillators.”

BTC struggles against bearish pressure | Source: BTCUSD on TradingView.com

Featured image from Dall.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Sonic token crashes to new lows: can it recover?
GameFi Guides

Sonic token crashes to new lows: can it recover?

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Sonic is currently flashing critical red-alert signals on the chart, with price action breaking below the yearly swing low and hovering at a key decision point. The market structure remains decisively bearish, and unless bulls step in at this final support, a breakdown toward $0.12 becomes the dominant scenario.

Sonic is trading at its lowest level of the year, having breached the previous swing low, a significant structural support. This places SONIC (SONIC) at a high-risk inflection point where bulls must defend or risk triggering a full-blown bearish expansion. While a swing failure pattern could still be confirmed with a rapid recovery, the current trend, marked by lower highs, lower lows, and weak volume, paints a fragile picture.

Key technical points

  • Swing Low Break Signals Weakness: Price is now trading below key yearly support, increasing downside risk.
  • $0.49 Resistance or $0.12 Breakdown: A recovery could target $0.49, but a failure to hold current levels may trigger a bearish move to $0.12 (Fibonacci extension).
  • No Volume Support Yet: Bullish volume remains absent, reducing the probability of a reversal without significant demand.

SUSDT (1D) Chart, Source: TradingView

Price action on Sonic has continued to deteriorate, with the asset now closing below the prior swing low, establishing a new yearly low. This is a strong bearish signal, especially given the consistent pattern of lower highs and lower lows that has dominated the chart in recent weeks.

The current zone is a make-or-break level. A bullish recovery from here would form a swing failure pattern (SFP), where price reclaims the broken low and rallies. If confirmed with a spike in volume, this would likely trigger a move back toward the $0.49 resistance, a level that has previously held on higher timeframes.

However, if the price continues to close weakly below this last line of defense, the probability of a further breakdown sharply increases. The next major target lies at $0.12, based on the Fibonacci extension of the latest bearish swing. Currently, volume is not supporting a bullish reversal. There’s been no sign of meaningful buy-side participation, and without that, the path of least resistance remains to the downside.

What to expect in the coming price action

Sonic is at a critical inflection point. Bulls must reclaim the broken support zone quickly to prevent a deeper collapse. If support fails, expect price to target the $0.12 region in the coming weeks. Until volume returns and structure shifts, bearish momentum remains in control.



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Bitcoin Investors Enter HODL Mode: CEX Spot Volume Drops To 2020 Lows
GameFi Guides

Bitcoin Investors Enter HODL Mode: CEX Spot Volume Drops To 2020 Lows

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin is gearing up for a decisive move as price action tightens just below key resistance levels. Bulls are working to push BTC higher and confirm the continuation of the bullish phase, but the market remains cautious. While technical structure still favors the upside, growing macroeconomic uncertainty is casting a shadow over sentiment. Inflation pressures, geopolitical tensions, and tightening global liquidity continue to shake investor confidence across risk assets, and crypto is no exception.

Adding to the mixed outlook, new data from CryptoQuant reveals that average spot trading volume on centralized exchanges has dropped to its lowest level since October 2020. This suggests that participants are sitting on the sidelines, with coins not being actively sold or moved on-chain.

For now, Bitcoin holds above key support and shows signs of strength. But without a surge in volume or a clear catalyst, the next move could be muted — or explosive. The coming days may prove pivotal in determining whether BTC breaks out or stalls once again.

Bitcoin Nears All-Time High As Market Braces for Decisive Move

Bitcoin is now just 6% away from its all-time high of $112,000, and all eyes are on whether bulls can push through this final barrier. After rallying over 50% from the April lows, BTC has entered a consolidation phase just below resistance — a setup that typically precedes a breakout or reversal. The coming move is likely to set the tone for the rest of the market, with momentum either expanding sharply or fading into deeper consolidation.

While the technicals remain strong, macroeconomic headwinds continue to weigh on sentiment. Rising tensions between the US and China, alongside persistently high bond yields, have introduced systemic risk that could spill over into crypto markets. Investors remain cautious, with many waiting for clarity before committing to new positions.

Top analyst Axel Adler shared a key insight from CryptoQuant data: average spot trading volume on centralized exchanges has dropped to its lowest level since October 2020. According to Adler, this suggests that market participants are not selling into strength, nor are they aggressively buying. Coins are being held tightly, with minimal movement on-chain or in spot markets.

Bitcoin CEX Futures vs Spot Trading Volume | Source: Axel Adler on X

This “HODL mode” points to growing long-term conviction among investors, but also reflects uncertainty. The lack of spot activity makes it harder for prices to break out decisively without fresh capital entering the market. Still, if Bitcoin can flip $112K into support, it could trigger a surge of momentum-driven buying.

BTC Approaches Key Resistance

Bitcoin is trading at $107,200 after gaining 1.33% on the day, continuing its rebound from the $103,600 support level. The daily chart shows BTC climbing steadily, reclaiming the 34-day EMA at $103,683 and holding well above the 50-day and 100-day SMAs, currently at $101,906 and $93,053, respectively. This clean reclaim of key moving averages is a bullish technical signal, showing that momentum is gradually shifting back in favor of the bulls.

BTC pushing into higher prices | Source: BTCUSDT chart on TradingView

Price is now approaching the $109,300 resistance level — the final barrier before retesting the all-time high near $112,000. This zone has acted as a ceiling since late May and is now the key level to watch. A daily close above $109,300 would likely trigger a breakout and send BTC into price discovery territory.

Volume remains relatively low compared to earlier surges, suggesting the move is driven more by steady spot demand than aggressive buying. However, the structure remains constructive, with higher lows forming since the early June bounce.

As long as Bitcoin holds above $103,600 and continues to push toward resistance, the broader trend remains intact. A rejection at $109,300, however, could send BTC back into consolidation. The next few sessions will be critical.

Featured image from Dall-E, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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