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Bitcoin Price Slips Below $100K, Hinting Oil-Led Risk-Off on Wall Street as Iran Looks to Block The Strait of Hormuz

by admin June 22, 2025

Bitcoin

fell below $100,000 on Sunday, its lowest point since May, signalling risk aversion on Wall Street on Monday amid reports that Iran is leaning towards blocking the Strait of Hormuz.

The Strait, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea, handling roughly 20% of the global oil trade.

Reports of Iranian politicians mulling the closure of the Strait had observers worried about a significant spike in oil prices early Monday.

“After US strikes on Iran last night, 50+ large oil tankers were scrambling to leave the Strait of Hormuz. Markets have been closed, but an immediate drop in supply is expected to send prices higher. JP Morgan described this as their worst-case scenario in the Israel-Iran war,” The Kobeissi Letter said on X.

According to JPMorgan, oil could surge to $120-$130 per barrel in that scenario. That could potentially lift the U.S. inflation rate to 5%, the highest since March 2023. At the time, the Federal Reserve was raising interest rates.

The losses in BTC weighed heavily over the broader crypto market, as usual, dragging major altcoins such as XRP, SOL, and ETH lower. The payments-focused XRP slipped 6% to $1.935, the lowest since April 10. Ethereum’s ether token slipped to levels seen in early May, according to CoinDesk data.

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June 22, 2025 0 comments

NFT Gaming

Bitcoin On-Chain Metrics Crash To Bear Market Levels Despite Price Sitting Close To ATH

by admin June 22, 2025

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

Bitcoin’s price action is still above the $100,000 threshold and within striking distance of its all-time high at $111,700, but its on-chain activity tells a completely different story. According to the latest report from on-chain analytics firm Glassnode, even though Bitcoin’s price is pushing to new heights, underlying blockchain metrics have slipped into territories more commonly associated with bear market phases.

Quiet Blockchain Activity Despite Price Strength

According to a report looking at various on-chain metrics from on-chain analytics company Glassnode, Bitcoin has mostly been highlighted by quiet blockchain activity despite its current price foray above $100,000. For example, daily transactions have now dropped to a range between 320,000 and 500,000, down from a peak of over 730,000 in 2024. This is a significant decrease in throughput for a network operating in a bullish price environment.

The slowdown in daily Bitcoin transactions is mainly tied to a corresponding decline in non-monetary activity such as Inscriptions and Runes, which had previously contributed to transaction spikes. The actual transfers of value in monetary transactions have been relatively steady, but overall, the drop in network usage has created a noticeable divergence where previous rallies to all-time highs were usually accompanied by a rise in on-chain transactions.

BTC is currently trading at $103,987. Chart: TradingView

Although transaction counts are falling, the Bitcoin blockchain is settling huge amounts of transactions on-chain. The daily volume average this cycle is around $7.5 billion and spiked as high as $16 billion during the initial rally above $100,000 in late 2024. However, the nature of these transactions has shifted from the hands of retail traders. The average volume per transaction is just above $36,000, meaning that large institutional players and high-net-worth individuals are now the primary users of the Bitcoin network.

Retail-size transactions (those under $100,000) have seen their relative share of the total volume go down massively. For example, transactions in the $0 to $1,000 range now represent less than 1% of total value transferred, down from about 4% at the start of this cycle.

Fee Pressure Drops While Off-Chain Trading Dominates

Glassnode’s report also highlights how subdued the fee environment has become, even with Bitcoin trading around all-time high prices. Average miner revenue from transaction fees has dropped to just $558,000 per day. Although the decrease is partly due to technical improvements like SegWit and transaction batching, the massive fall in miner revenue indicates a notable drop in block-space demand and the overall reduction in the number of transactions.

On the other hand, trading activity has shifted to off-chain venues, especially centralized exchanges. Spot volumes often exceed $10 billion per day, while futures markets dominate with average daily volume around $57 billion and peaks surpassing $120 billion. Options markets are also growing, now handling over $2.4 billion per day. Altogether, these off-chain platforms handle 7 to 16 times more volume than what is settled directly on the Bitcoin blockchain.

In conclusion, the Glassnode report shows the changing dynamics of Bitcoin’s ecosystem and how it is slowly leaning more toward large institutions than retail traders. At the time of writing, Bitcoin is trading at $103,470, down by 2% in the past 24 hours.

Featured image from Pexels, chart from TradingView

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June 22, 2025 0 comments

NFT Gaming

SUI Action: Weekly Pattern Suggests Price Is Coiling For A Bigger Move

by admin June 22, 2025

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

The SUI/USDT weekly chart is attracting attention as the price action tightens within a defined range. After a period of decline and consolidation, the asset is stabilizing, with key support levels holding firm. The structure suggests that the asset may be gearing up for a potential shift in trend.

Price Action Coiling Up — Will SUI Snap Upward?

SUI has formed a symmetrical triangle squeeze, a pattern known for preceding explosive moves. Its price recently dipped below the lower trendline, raising alarms for a potential breakdown. However, Atres Crypto Academy noted on X that this may have been a bull trap, a temporary shakeout before a sharp reversal.

If SUI snaps back into the triangle with strong momentum, it would signal that the breakdown was a false move, and bulls may be regaining control. In that case, the stage would be for an upside breakout, with the target set at $3.50 or more.

Source: Atres Crypto on X

SUI price action is forming a falling wedge pattern, a bullish reversal setup. After dropping 37% from its May highs, the altcoin is now testing a key support zone between $2.70 and $3.00, an area that has typically drawn buying interest. WEBBZ.SUI highlighted that a confirmed breakout could propel the token toward the $4.50 to $5.00 region, and if support fails to hold, the next critical level will be the $2.00 zone.

According to Gemxbt, the 1-hour chart is showing a consolidation phase around the $2.85 level, with the price stabilizing above the 5, 10, and 20-hour moving averages, signaling strength and support in this zone.

The Relative Strength Index (RSI) is also trending upward, steadily moving away from oversold territory. This suggests that bullish momentum is building. Furthermore, the Moving Average Convergence Divergence (MACD) is approaching a bullish crossover, indicating possible upward price movement if confirmed by increased volume.

Signs Of Strength Emerging

SUI has quietly surged from under $0.60 to over $4.00 in less than a year, making an impressive nearly 7x gain despite pullbacks. The price-performance underscores the growing interest and momentum behind the token.

Emilio Crypto Bojan mentioned that the fundamentals are starting to catch up with the price action. DeFi aggregator volume has now surpassed $45 billion, with a 19% increase over the past 30 days, and bullish vibes are building ahead.

SUI is showing signs of strength after holding the critical support zone at $2.70, suggesting that a potential bounce is building. Presently, the market structure shows that conditions are favorable for a reversal, provided the bulls step in decisively. Cult Babe also revealed that the price action appears to be preparing for an upward move, with the key focus of reclaiming the $2.90 resistance level.

SUI trading at $2.7 on the 1D chart | Source: SUIUSDT on Tradingview.com

Featured image from Shutterstock, chart from Tradingview.com

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June 22, 2025 0 comments

GameFi Guides

SHIB Price Prediction for June 21

by admin June 22, 2025

The bounce back has not lasted long, and the majority of the coins are back in the red zone, according to CoinStats.

SHIB chart by CoinStats

SHIB/USD

The price of SHIB has declined by 3.29% over the last 24 hours.

Image by TradingView

On the hourly chart, the rate of SHIB is in the middle of the local channel. However, if buyers’ pressure continues, one can expect a resistance breakout, followed by a move to the $0.00001150 zone.

Image by TradingView

On the bigger time frame, the price of SHIB is within yesterday’s bar, which means neither side has accumulated enough strength for a sharp move.

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In this case, sideways trading in the range of $0.00001120-$0.00001180 is the more likely scenario.

Image by TradingView

From the midterm point of view, the situation is bearish. If the weekly candle closes below the support of $0.00001146, the decline is likely to continue to the $0.00001050-$0.000011 area.

SHIB is trading at $0.00001138 at press time.

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June 22, 2025 0 comments

NFT Gaming

Useless Coin price surges as smart money investors buy

by admin June 22, 2025

Useless Coin has emerged as a surprising outlier in a bearish crypto landscape, surging over 1,700% in June even as broader Solana meme coins and blue-chip tokens like Bitcoin retreat.

Powered by aggressive accumulation from smart money and whales, and supported by thinning exchange balances, the meme coin has hit a $100 million market cap and caught the attention of traders hunting for upside. While momentum indicators now flash caution, Useless Coin’s rise underscores the unpredictable nature of meme-driven markets—and the powerful role of investor sentiment.

Useless Coin (USELESS) token jumped to a high of $0.1092 this week, up by over 1,750% from its lowest level in June.

Useless token price jumped even as the crypto market crashed, with Bitcoin (BTC) falling from a record high of $111,900 in May to $103,000. Most Solana (SOL) meme coins have dropped this month, with their market capitalization falling from over $15 billion earlier this month to $9 billion.

Nansen data shows that smart money investors have been buying the coin. Data shows that its smart money investors bought Useless tokens worth over $94,000 in the last 24 hours.

These investors now hold over 14 million tokens, a 97% increase from the same period last month. Similarly, whales have increased their exposure by over 36% in the last 30 days to over 338 million.

Useless whale accumulation | Source: Nansen

Smart money and whale accumulation is a good catalyst for an asset because it is a sign that they expect the price to keep going upwards. Further data shows that the exchange balances have crashed by over 16% in this period to 51.8 million.

Useless Coin price technical analysis

Useless chart | Source: TradingView

The four-hour chart shows that the Useless token price has surged from a low of $0.005460 to a record high of $0.1095. It has formed an ascending channel and remained above the 50-period moving average.

The risk, however, is that there are signs that the momentum is ending. For example, the Average Directional Index has plunged from a record high of 70 to 20. The ADX is a popular indicator that measures the strength of a trend.

The MACD and the Relative Strength Index have also formed a bearish divergence pattern, pointing to a potential retreat. Therefore, the coin may drop to the support at $0.50 as traders start to book profits.

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June 22, 2025 0 comments

NFT Gaming

DOGE Price Prediction for June 21

by admin June 22, 2025

Most of the coins are again in the red zone today, according to CoinStats.

Top coins by CoinStats

DOGE/USD

DOGE has lost a lot of value today, falling by 3.57%.

Image by TradingView

On the hourly chart, the rate of DOGE has made a false breakout of the local resistance of $0.1642. If the daily bar closes far from that mark, there is a possibility of a test of the support by tomorrow.

Image by TradingView

On the bigger time frame, one should focus on the candle closure in terms of the mirror level of $0.1639.

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If the price of the meme coin fails to break it and fix above, traders may witness an ongoing decline to the $0.16 zone.

Image by TradingView

From the midterm point of view, the rate of DOGE is breaking the support of $0.1667. If bears can hold the gained initiative, there are high chances of an ongoing drop the upcoming week.

DOGE is trading at $0.1636 at press time.

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June 22, 2025 0 comments

GameFi Guides

New XRP Burn Milestone Achieved, Can Price Keep Up?

by admin June 22, 2025

XRP Ledger just hit a significant deflationary milestone, with the total XRP burned surpassing 14 million. The newly reached 14 million XRP burn milestone is the highest on record, indicating ongoing on-chain activity and steady growth in network usage.

Unlike other cryptocurrencies that rely on halving mechanisms or caps, XRP employs a built-in burn system where a small amount of XRP is destroyed with every transaction. This design aims to reduce spam on the network and, over time, slowly decrease the total supply.

According to the most recent count from XRPScan, a total of 14,003,265 has been burned, highlighting continued usage within the XRPL ecosystem.

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While the price hasn’t yet responded in a major way, such milestones contribute to the narrative of XRP as a maturing asset with active on-chain activity.

According to Santiment, XRP Ledger has recently demonstrated significant growth, both in terms of usage and important stakeholders, with the number of interacting XRP addresses averaging over 295,000 per day, compared to a usual daily average of 35,000 to 40,000 over the previous three months. For the first time in the asset’s nearly 12-year history, there are now over 2,700 whale and shark wallets holding at least 1 million XRP.

Can XRP price keep up?

According to CoinMarketCap data, XRP was trading at $2.13 as of this writing. With XRP trading above $2, it is more than three times higher than its base price before the rapid increase in November 2024, and investors who accumulated earlier are sitting on over 300% returns.

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However, a twist occurred: According to Glassnode, early holders began realizing profits at a rate of $68.8 million per day, indicating a wave of distribution.

If this trend continues, XRP might go to $2, an important support level to watch. If the $2 level cracks, XRP might fall below $1.61.

On the contrary, if buying pressure returns to the market and the price turns up from the current level, breaching the 50-day SMA at $2.27, it indicates that XRP may remain within the range for some time. A break above $2.65 might kickstart a fresh uptrend for the XRP price.

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June 22, 2025 0 comments

GameFi Guides

Analyst Who Puts Dogecoin Price At $10 Reveals The Trend That Will Drive The Surge

by admin June 22, 2025

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

A crypto analyst has shared a new bullish forecast for the Dogecoin price, predicting that the world’s largest meme coin could soar to a double-digit valuation of $10. Although Dogecoin still trades significantly below $1, the analyst remains confident in this bold target. He points to a unique trend tied to Bitcoin’s market behavior, which he believes could be the key catalyst behind this projected bullish rally.

Dogecoin Price To Reach $10 As Bitcoin Hits ATH

A widely followed crypto analyst, known as Dima James Potts, has projected a long-term bullish surge for Dogecoin, believing that a price rally to $10 and beyond was inevitable. This prediction is based on a recurring logarithmic arc pattern that has accurately tracked Dogecoin’s multi-year market cycles.

According to Potts’s weekly Dogecoin price chart, the meme coin has repeatedly followed a clear sequence: starting with an extended consolidation along a lower curve support, followed by a sharp breakout toward an upper curved resistance. This unique pattern has held through multiple cycles since 2014, with each new rally beginning just after Dogecoin breaks above a descending trendline, typically marked with a dramatic spike in volume and price.

In this cycle, Potts notes that the recurring historical structure has taken a long time to develop due to an early peak in the 2021 bull market, which has led to Dogecoin’s prolonged accumulation phase. However, the chart shows DOGE still respecting the lower curve, suggesting that the roadmap and build-up for a massive upward move may be underway.

Source: Dima Potts on X

Notably, the critical point of this bullish forecast will arrive when the Bitcoin price secures a weekly close above its previous all-time high above $109,450. Currently, its price is still sitting below past highs around $103,528 after falling below the $100,000 mark due to broader market volatility and political uncertainty.

Based on Potts’ analysis, Dogecoin’s performance and potential to hit $10 are contingent on Bitcoin reaching a new all-time high. Once this occurs, Potts believes that DOGE will begin a parabolic rally, with the potential to form a cycle peak around the final week of October.

Key Elements And Timelines Strengthen Bullish Case

Beyond the price targets, Potts’ chart analysis highlights critical structural elements supporting Dogecoin’s optimistic outlook. A series of descending yellow trendlines on Potts’ chart have historically acted as resistance in previous cycles—with each major breakout occurring shortly after the meme coin’s price had closed above these lines.

Also marked are purple vertical lines that show the timeline of Dogecoin’s cycles. Each peak in previous years followed soon after these markers, with the next one set for October 27, 2025. Another notable factor is the accumulation length. Past rallies emerged after more than 1,400 days of sideways price action.

The current cycle has already surpassed that duration, with over 1,600 days of gradual buildup and moderate trading volume. These recurring market behaviours seen in past cycles add weight to the projection that Dogecoin may be preparing for its most significant rally yet.

DOGE trading at $0.16 on the 1D chart | Source: DOGEUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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June 22, 2025 0 comments

GameFi Guides

Bitcoin, Ethereum, XRP Price Prediction: Bearish Action Ahead?

by admin June 21, 2025

The crypto market is on the verge of closing another week this month on a bearish note. This suggests a strong selling pressure for the tokens in the market. Many reasons are being considered for the ongoing negative outlook, such as rising geopolitical tensions between multiple nations, unstable market conditions, and disruption of financial markets.

This has led to the price of Bitcoin losing momentum this week. On the other hand, the altcoin market has witnessed a similar price action as top cryptocurrencies have slit significant values from their respective portfolios. Where is the crypto market headed next week? Let’s dig into the answers.

Bitcoin Price Retests Its Pivotal Support Zone

With a drop of approximately 1%, the BTC price has approached its crucial support zone around the $102,500 in the daily time frame. This zone plays an important role as Bitcoin has successfully maintained its value above this range since May. Moreover, with a listing price of $102,616 and a trading volume of $34.235 billion, it has a dominance of 64.4432% with a market capitalization of $2.034 trillion.

Bitcoin price chart, Source: TradingView (BTC/USDT)

The Moving Average Convergence Divergence (MACD) indicator shows a rising red histogram in the daily time frame, suggesting increasing bearish momentum in the market. With its EMA 12 and 26-day recording a constant decline, the largest cryptocurrency may retest its lower support zones soon.

If the market holds the BTC price above $102,470, this could result in it retesting its upper price targets of $104,810 or $107,218 during the upcoming week. Conversely, increased selling pressure could lead the price toward its immediate support trend levels of $102,470 or $100,000 respectively.

Ethereum Price Crash to $2,200 Next Week?

After trading within a consolidated trend since 10th of May, the ETH price is once again hovering extremely close to its key support zone of $2,350. This price zone has acted as a strong support of the largest altcoin, however, amid the ongoing market sentiments, it could break down its support.

The ETH price is valued at $2,387 with a trading volume of $12.353 billion, a change of -38.06%. With this, the market cap of Ethereum price has dropped to $288.38 billion and a dominance of 9.0984%.

Ethereum price chart, Source: TradingView (ETH/USDT)

The Relative Strength Index (RSI) fails to hold its value above its neutral point (50), resulting in it recording a sudden drop. With a current value of 40.74, the technical sentiments suggest a further drop this week before a potential situation arises for a healthy bounceback.

Suppose the bulls rebuild momentum, the Ethereum price will retest its immediate target price of $2,600 that was last recorded on June 13. However, a retest to a multi-month low of $2,200 cannot be ignored as the bears continue dominating the cryptocurrency market.

XRP Price Witnesses Increased Liquidations

The XRP price has breached its important support level of $2.14 multiple times this month, highlighting a constant bearish presence. However, it has now formed a new imaginary support around the $2.08 mark, making it a potential reversal point for the altcoin.

Although a reversal angle is being built, the current market sentiments hints at a negative price target for the upcoming week. With a trading price of $2.08, its market cap stands at $122.189 billion.

XRP price chart, Source: TradingView (XRP/USDT)

The Stochastic RSI indicator is retesting its oversold range today. Notably, the averages in the 3-day frame that are blue and orange show signs of extreme negative sentiment. While the orange trendline is just above the oversold range at 23.60, the blue trendline has plunged to 8.42 today.

If XRP price regains the value above the $2.14 level, this may set a base for it to retest its upper price targets of $2.35 or $2.57 next week. On the contrary, a rising bearish sentiment could pull the price of XRP token toward its crucial support of $2 or $1.94 soon.

Also Read: Crypto Price Today (June 21): Altcoins Drop! AB, VIRTUAL, SPX, UNI Crash 10%

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June 21, 2025 0 comments

Gaming Gear

Samsung’s entry-level Galaxy Watch 7 has returned to its best price to date

by admin June 21, 2025

I jumped on the smartwatch bandwagon a bit late, but now I can’t go a day without mine. Beyond delivering helpful notifications, it’s perfect for setting timers, tracking workouts, and monitoring my sleeping habits (which are terrible). If you haven’t yet joined the smartwatch party or you’re looking to upgrade, Samsung’s Galaxy Watch 7 is down to $199.99 ($100 off) in the 40mm / Bluetooth configuration at Amazon and Walmart. If you prefer a larger display, the 44mm model is on sale at Amazon starting at $229.99 ($100 off).

While the Galaxy Watch 7 isn’t as flashy as other Samsung wearables, its more simplistic approach is part of its charm. It retains the signature circular design and slim profile of prior models, which remains a stark contrast to the adventure-ready Galaxy Watch Ultra. It’s comfortable to wear while sleeping and working out — as our own Victoria Song noted in her review last year — and it comes with a selection of welcome features, including heart rate tracking, an Energy Score for gauging recovery, and FDA-approved sleep apnea detection.

One of the new marquee tools of the Watch 7 is its AI-powered wellness insights, which provide personalized suggestions to help you hit your health and fitness goals. There’s also a 3-in-1 BioActive Sensor that can measure metabolic health thanks to an experimental advanced glycation end products (AGEs) metric, though both features were rather hit or miss in our testing. Of course, the wearable also offers a range of basic smartwatch features, such as the ability to stream music, send texts, and take calls when your phone is nearby.

Despite its slimmer design, the Watch 7 offers around 24 hours of battery life with the always-on display enabled, though if you upgrade to the 44mm Watch 7, you can eke out a few additional hours. Samsung’s wearable also runs Wear OS 5, as of now, though we’re expecting the Gemini-powered Wear OS 6 to arrive via an update later this year. All that being said, the timing of these deals could indicate that a Galaxy Watch 8 is on the horizon. Samsung typically holds an Unpacked event in mid-July, and this year it may introduce a refreshed lineup of foldable and wearable devices.

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June 21, 2025 0 comments