Из жизни альткоинов

Санкт-Петербургская биржа планирует запустить торги расчетными фьючерсами, включая инструмент на индекс биткоина. Это произойдет в июле — сентябре, сообщил гендиректор Евгений Сердюков на годовом собрании акционеров.

XRP recently experienced price volatility following an unfavorable ruling by US District Judge Analisa Torres, which many interpreted as a setback for Ripple. However, despite the legal rejection, a crypto analyst maintains that the broader bullish structure for XRP remains intact. Urging investors not to panic, she expresses strong confidence in the altcoin’s ability to hold the crucial $2 level and continue its upward trajectory. 

XRP Bull Structure Intact Despite Court Blow

Following Torres’ rejection of the joint motion by Ripple and the US SEC for an indicative ruling, XRP faced short-term price fluctuations. Despite the obvious legal setback, X (formerly Twitter) crypto analyst CasiTrades remains unfazed, insisting that there is no need for investors to lose confidence.

The analyst affirms that XRP’s price action remains structurally intact and is moving within a predictable corrective pattern. The recent decline from the legal blow is being interpreted by the analyst as part of a classic ABC correction, with the market now likely in the final leg—Wave C. 

CasiTrade’s chart shows that XRP has reached a critical support zone around $2.07-$2.10, aligning with the 0.618 and 0.5 Fibonacci levels, respectively. So far, XRP has held on firmly to this zone, with the $2.10 support level successfully defending through the daily close. 

Momentum indicators at the bottom of the chart also support this view. XRP’s Relative Strength Index (RSI) on the lower time frames has entered oversold territory near 20 and is beginning to form a Bullish Divergence—a signal of weakening selling pressure. Fibonacci levels on the chart also provide further technical confluence, with the immediate resistance marked at $2.13 (0.236 Fib) and $2.145 (0.382 Fib). A stronger resistance barrier is also forming around the 0.5 Fibonacci Extension level at $2.16. 

According to CasiTrades, if XRP can reclaim and close above these resistance levels, particularly $2.145, it could confirm the end of the ABC correction. The cryptocurrency is also expected to resume its prior bullish trend, with the potential for a fresh rally toward new highs. 

XRP Prepares For Lift-Off Toward $2.69

In a follow-up chart analysis, CasiTrades reveals that XRP is now approaching the critical support zone at $2.07 as it aims for new highs around $2.69. After a recent rejection at the $2.145 resistance level—which coincided with the 0.382 Fibonacci Retracement and served as the ideal Wave 4 target—the analyst notes that the final phase of Wave C is now unfolding. 

The $2.07 is packed with technical significance, aligning with the 0.618 Fibonacci Retracement of a full move up, the 1:1 extension of Wave C, and the 0.618 sub-wave projection. Based on the analysis, these overlapping Fibonacci levels mark a likely reversal zone.

With price action hovering around $2.08 at the time of the analysis, CasiTrades predicts that as long as XRP holds above the $2.07 support, a bullish breakout could follow, potentially driving it toward $2.25 and even up to $2.69 if momentum continues. 

Featured image from Unsplash, chart from TradingView

Компания Ripple, разработчик криптовалюты XRP и одноименного блокчейна XRP Ledger, заявила о готовящейся модернизации сети, которая поможет совместить традиционные финансы с DeFi-инструментами.

Курс биткоина с мая удерживается в зоне консолидации, но без возобновления сильного спроса со стороны инвесторов новые максимумы цены выглядят маловероятными, заявили эксперты платформы Glassnode.

Bitcoin is currently trending above key technical levels, signaling stability. After closing at $107,493 BTC remains above both the 25-period and 50-period SMAs, suggesting bulls are still in control, for now. However, without a noticeable spike in volume to fuel momentum, this calm may prove temporary.

Bitcoin Moonwalks Past Key SMAs – Can Bulls Keep The Dance Going?

Shaco AI’s analysis on X revealed that Bitcoin has shown impressive strength over the last four hours, with the price closing at $107,493.07. This move placed BTC above the 25-period Simple Moving Average (SMA) of $106,954.17 and comfortably above the 50-period SMA at $104,913.16. According to Shaco AI, this price action suggests that Bitcoin might be preparing to establish a base above these moving averages, indicating short-term bullish intent.

The Relative Strength Index (RSI) currently stands at 59.91, a level Shaco AI considers balanced, neither signaling overbought nor oversold conditions. This neutral zone implies that BTC still has room to climb without facing immediate pressure from overheated momentum.

Further strengthening the case for bullish momentum, Shaco AI pointed out that the MACD is showing a positive value of +618.43. This reading supports the idea of sustained upward movement, hinting that market participants remain inclined toward buying rather than selling at this stage.

Despite the optimistic signs, Shaco AI also noted the ADX value at 18.32, suggesting that the trend strength remains relatively weak for now. While the current setup leans bullish, the low ADX reading serves as a reminder that momentum could shift quickly, and traders should monitor for any changes in trend strength.

Volume Woes: A Party Missing Its Guests 

Shaco AI, in the same analysis, flagged a concern around trading activity and volume. According to the analyst, Bitcoin’s current volume sits at just 497.62, a sharp drop compared to its average of 2,038.98. In Shaco AI’s words, “it’s like hosting a party but forgetting to send out half the invites,” highlighting the lack of strong participation behind the recent price action.

Turning to key technical zones, Shaco AI identified $108,272.45 as the immediate resistance to watch. A break above this level could open the door for more upside, but if momentum fades, the analyst cautioned that support around $98,200 may come into play.

As for the near-term strategy, Shaco AI advises traders to monitor for breakouts — but with caution. The combination of low volume and only mild trend strength could make price action more unpredictable, increasing the likelihood of fakeouts or sudden reversals.

The price of Bitcoin has had quite the rollercoaster ride over the last seven days, rising from its early-week blues marked by a crash to below the $100,000 mark. The flagship cryptocurrency has roared back to life, running to as high as $108,000 in the past few days.

This recent resurgence has not particularly reflected on the blockchain, with the latest on-chain data suggesting that traders are not willing to bet on Bitcoin’s price. A popular market analytics platform has now evaluated this scenario, putting forward the potential impact on price.

Declining Funding Rates Reflect Increased Short-Side Positioning: Glassnode

In a June 27 post on the X platform, on-chain analytics firm Glassnode revealed that the funding rate for Bitcoin, which has been on a decline over the past few months, seems to be stuck in a downward trend. The relevant indicators here are “Annualized Perpetual (perp) Funding Rates” and “Binance 3-Month (3M) Futures Annualized Rolling Basis” metrics.

The Annualized Perp Funding Rates is a key metric that tracks the periodic payments between long and short traders in the derivatives (perpetual futures) market. This indicator offers timely insights into the sentiment and leverage in the cryptocurrency derivatives market.

When the funding rate is high or positive, it implies that the long traders are paying the traders with short positions. Typically, this direction of the periodic payment suggests a strong bullish sentiment in the market. Meanwhile, a negative value of the metric means that short traders are paying long traders — suggesting a bearish market sentiment.

On the other hand, the 3-Month (3M) Futures Annualized Rolling Basis estimates the annualized yield from buying a cryptocurrency on the spot market and concurrently selling the crypto’s futures contract expiring in 3 months. Typically, futures contracts trade at a higher price than the spot asset — a difference that traders can exploit for profit.

As shown in the chart above, the Annualized Perp Funding Rates and 3-Month (3M) Futures Annualized Rolling Basis have been falling since last November. “Despite high futures activity, appetite for long exposure is fading, reflecting increased caution and possibly more neutral or short-side positioning,” Glassnode noted.

In essence, the declining funding rates and 3-month rolling basis indicate that short traders are continuously crowding the derivatives market. While there has been a cautious approach to the market from traders, institutional flows into US-based Bitcoin exchange-traded funds and an improving macroeconomic climate have been quite a silver lining.

Hence, even if the funding rates keep falling, but the macroeconomic environment and institutional capital inflow remain steady, the market could witness a short squeeze — where short traders are forced to close their positions. This potential scenario is even supported by the fact that the market tends to move in the crowd’s opposite direction.

Bitcoin Price At A Glance

As of this writing, the price of BTC stands at around $107,180, showing no significant movement in the past 24 hours.

The altseason, one of the most anticipated events of the crypto bull market, may potentially remain on hold following recent insights by some prominent market analysts. Notably, the current crypto cycle has shown little progress toward a true altseason, with Bitcoin Dominance holding strong, signaling a continued preference among investors for the leading cryptocurrency over alternative digital assets.

Bitcoin Dominance Tipped To Hit 74%, Altseason Remains Elusive

In an X post on June 27, renowned market analyst with X username Rekt Capital projected the Bitcoin Dominance (BTC.D) to experience a steady rise to 74%. Following Bitcoin’s price dip in the early last week, the analyst highlighted a successful retest of the 64% dominance level noting that, historically, such retests are typically followed by a continued rise without meaningful pullbacks until the 71% mark.

Notably, this market insight suggests Bitcoin is likely to keep attracting a massive influx of investment suggesting an altseason may be a distant concept for the present market cycle. For context, the altseason defines a period in the bull cycle when altcoins outperform Bitcoin. It is generally indicated by a fall in Bitcoin Dominance indicating a shift in investors capital from the market leader to other cryptocurrencies.

The altseason has been a major talking point in recent months as some analysts citing the staggering increase in altcoins in past recent years as a major obstacle to replicating the feat seen in 2017 and 2021. Meanwhile, other analysts have argued against this logic stating that while a broad-based altseason may be less likely, a more selective version, featuring strong performances from specific projects, remains on the table. Meanwhile, another popular market expert with X username Daan Crypto has highlighted the altcoin market’s struggling performance since 2024. The analyst explains that altcoins has been stuck in a sideways structure over the past eighteen months, lacking the clear bullish momentum seen in the Bitcoin market. According to Daan Crypto, the key resistance level for the altcoin market lies around the $1.27 trillion mark, a high from earlier in 2024. A confirmed breakout above this level could signal renewed investor appetite for altcoins and push the structural momentum needed for an altseason to begin.

Crypto Market Overview

At the time of writing, the total crypto market cap is valued at $3.24 trillion following a 0.08% gain in the past day. As the market leader, Bitcoin currently holds a market dominance of 64.9%. The remaining 35.1% is accounted for by the altcoin market which is presently valued at $1.11 trillion. 

Bitcoin has come a long way from merely being a financial experiment to becoming an important store of value. Currently sitting at a six-figure valuation, the flagship cryptocurrency has amassed a horde of investors who actively profit from its directional movements. 

Despite all its growth, Bitcoin’s price action still stands influenced by moments of frenzy, fear, and also caution in investors. At the moment, on-chain data points out that Bitcoin might be at a phase where caution is the order of things. Here are the details of this revelation.

90-Day CVD Shifts To Neutral After Prolonged Trends

In a June 27 post on X, the social media platform, crypto analyst Maartunn revealed that there has been an important shift in an important metric. The relevant indicator here is the 90-day Futures Taker Cumulative Volume Delta (CVD) metric, which tracks the net buying or selling pressure in BTC’s futures market. 

A positive and rising value of the metric usually means that the futures market is dominated by the buyers (Taker Buy Dominant). On the other hand, when the indicator is negative, it means that the futures market is being dominated by the short traders (Taker Sell Dominant).

In the post on X, Maartunn pointed out that the current 90-day CVD is flat, which indicates a balance between bullish and bearish forces in the market. While the Bitcoin price might have shown good signs of recovery, this piece of on-chain data suggests that the market leader might return to a consolidation range.

Bitcoin Fear And Greed Index At Neutral Levels

In another June 27th post on X, crypto analytics firm Alphractal made an on-chain observation, which shares similar implications with Maartunn’s report. Alphractal’s revelation was based on the Bitcoin: Fear and Greed Index Heatmap metric, which tracks the market sentiment shift — from extreme fear to extreme greed — over time.

The metric ranges with values from 0 to 100. The range 0-24 signals extreme fear in the market; 25-49 reads as fear, while 50 is interpreted as a neutral level, where there’s a balance between both market sentiments. On the other side of the spectrum, ranges 51-74 signal greed in the market; 75-100 signifies extreme greed in the market, showing widespread optimism that often precedes market tops.

According to data from Alphractal, the Fear and Greed Index is at 65, which is still far from the +90 levels observed in November and December 2024. This balance between the buyers and sellers could suggest that the market could be awaiting a catalyst, like macro news or on-chain developments, to get a breakout to either side of the market.

Due to the current uncertainty, traders are advised to tread with caution in the market. As of press time, Bitcoin is valued at about $107,143, with the cryptocurrency losing approximately 0.11% in the past 24 hours.

Related Reading: Bitcoin’s Price Surges Toward Recent Highs, But Retail Traders Load Up On Shorts

Prominent crypto market analyst Ted Pillows has shared a bullish outlook of the Ethereum market tipping the altcoin to attain a $10,000 price point. Pillows’ bold prediction comes after a modest ETH price uptick of 1.21% in the past week in response to Bitcoin price rebound. However, the altcoin remains in a corrective trend after declining by 9.3% in the past month.

Ethereum Ascending Channel Suggests $10k Price Target – Details

In an X post on June 27, Pillows states an interesting analysis of the ETH market highlighting the presence of multi-cycle ascending channel that stretches as far as 2017. Using the two-weeks trading chart, Pillows shows that Ethereum retests the lower boundary of this channel once every cycle initiating a series of explosive market gains.

Notably, In 2017, a retest to this lower band led to an astonishing 300x surge, while in 2020, it catalyzed a 50x run. In 2025, ETH appears to have touched the same technical level once again, raising the possibility of yet another parabolic move.

For this most recent retest, Pillows adopts a conservative outlook, forecasting a modest 6x gain, likely influenced by Ethereum’s current market cap of $292.25 billion and its increasing exposure to institutional investors, both of which signal a maturing asset. If this projections hold, ETH could surge past the $10,000 mark.

Meanwhile, several other analysts aside from Ted Pillows resonate with an ETH long-term price target of $10,000. For example, market expert with X username Crypto Patel recently echoed this outlook, emphasizing that Ethereum must reclaim and hold above the $2,800 level as a key condition for further upside.

Presently, ETH bulls face a major price barrier around the $2,600 level, where the altcoin has been rejected twice in the past month. Clearing this hurdle is crucial for a retest of the key resistance at $2,800. A breakout above that level could open the path toward the current cycle peak near $4,000.

Ethereum Network Fees Rise By 130%

In other developments, analytics company Sentora reports that the Ethereum weekly network fees hit $10.26 million representing a 130% gain on previous week. Meanwhile, the altcoin also experienced exchange withdrawals valued at $293 million as investors move their holdings to private wallets signaling a strong market confidence. At the time of writing, Ethereum continues to trade at $2,421 reflecting a minor 0.01% gain in the past 24 hours. Meanwhile, the altcoin’s daily trading volume is down by 16.135 and valued at $15.23 billion.

Featured image from Pexels, chart from Tradingview

Bitwise has updated its spot Dogecoin ETF filing, providing optimism that the crypto fund could launch soon. Based on Bloomberg analysts Eric Balchunas and James Seyffart’s prediction, the XRP ETFs are still expected to launch before the DOGE ETFs. 

Bitwise Amends S-1 For Spot Dogecoin ETF

According to a SEC filing, the asset manager has filed an amended registration statement for its spot Dogecoin ETF. This has increased optimism that the SEC could soon approve this fund. In an X post, Balchunas stated that the amendment is a good sign as it indicates that Bitwise is engaging with the Commission. 

The Bloomberg analyst further remarked that the amendment also tracks with other spot approvals. Meanwhile, he revealed that a huge change that Bitwise made to the spot Dogecoin ETF filing is the addition of in-kind creations and redemptions. This ETF mechanism enables authorized participants (APs) to create and redeem shares using DOGE instead of cash. 

Balchunas noted that this provision wasn’t initially there when Bitwise filed for a spot Dogecoin ETF in January. The analyst also declared that it is a “near lock” at this point that in-kind will be allowed in spot ETFs across the board. Besides Bitwise, asset managers 21Shares and Grayscale have also filed to offer a Dogecoin ETF. 

Earlier in the month, 21Shares had filed an amended S-1 for its spot DOGE ETF. Back then, Eric Balchunas stated that the amendment made things maybe even more interesting. He noted how amendments are typically filed after comments from the SEC. As such, there is the possibility that the Commission has given feedback to two prospective DOGE ETF issuers. 

Grayscale is the only spot Dogecoin ETF issuer that has yet to file an amended registration statement. However, that could change soon if indeed the SEC is providing comments to these issuers. This would be similar to how all the prospective Solana ETF issuers amended their S-1 filings after the Commission asked them to do so. 

Will the SEC Approve the DOGE ETFs Before the XRP ETFs?

Balchunas and Seyffart predict that the SEC is unlikely to approve the spot Dogecoin ETFs before the XRP ETFs. These Bloomberg analysts recently raised their odds of approval for an XRP ETF in 2025 to 95%. Meanwhile, they predict that there is a 90% chance that the Commission will approve a DOGE ETF this year. 

Factors like the fact that XRP has a regulated futures market through the CME put the XRP ETFs above the Dogecoin ETFs. Seven asset managers have filed for an XRP ETF, compared to three for DOGE. The XRP Lawsuit is also coming to an end, which is another positive development. However, it is worth noting that the XRP and Dogecoin ETFs both have a final SEC deadline of October 17, which means they could be approved on the same day. 

At the time of writing, the Dogecoin price is trading at around $0.16, up in the last 24 hours, according to data from CoinMarketCap.