Bitcoin is at a pivotal moment. Analyst Gareth Soloway has identified $63,500 as the single most important level in the near term. Bitcoin rallied from its double bottom to $67,200 before pulling back to current levels. That pullback is normal and healthy. But the level being tested right now is exactly where the original breakout occurred, making it a critical support zone that bulls must defend.If $63,500 holds, the next technical target is $70,000. If it breaks, the double bottom support weakens with each subsequent test and eventually gives way entirely.The Macro ConcernZooming out, Soloway identified a head and shoulders…
Author: cryphedge
Illinois Gov. J.B. Pritzker has signed a $55.9 billion state budget that includes a first-of-its-kind 0.2% tax on crypto assets.The Digital Asset Tax Act, nested deeply within the broader revenue package of Senate Bill 3019, establishes a novel privilege tax on the exchange, transfer, and custody of cryptocurrencies.Beginning January 2027, digital asset brokers operating in Illinois will be required to collect a 0.2% fee on the value of customer transactions.The new law represents an unprecedented approach to state-level taxation in the United States, positioning Illinois as the only state to levy a transaction-based tax specifically engineered for digital assets.Illinois puts…
Nexchain has confirmed that a major update is coming next week, opening what the team calls its next chapter. Over the past months, the team has been fixing, improving, and building key parts of the project behind the scenes. Product development and launch preparations have progressed significantly during that quiet stretch. The project is now entering its final presale phase, and the $0.05 entry is still available. This is a last chance to join at $0.05, and many buyers first came in through this ongoing crypto presale, with the news pulling fresh eyes back to it. Why Nexchain Is Returning…
Author Ahmed Barakat Author Ahmed Barakat Part of the Team Since Aug 2025 About Author Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation. Share Last updated: June 18, 2026 There is a specific phrase in this prediction worth sitting with for a second, classic post-halving correction phase. Elon Musk’s Grok AI is not predicts the current chart as weakness or trend failure. It is describing it as a known stage in a known cycle, one that has historically resolved into the most explosive…
At the recent G7 summit in Evian, France, world leaders agreed to work together against North Korea’s growing crypto theft and cybercrime activities. The move comes after a series of major attacks linked to North Korean hackers, including the infamous $1.5 billion Bybit hack.G7 leaders raise concerns that crypto theft is funding North Korea’s nuclear program. G7 Warns Stolen Crypto Could Be Funding Nuclear ProgramIn a joint statement released on 18 June, G7 leaders warned that North Korea’s cryptocurrency thefts and cybercrimes now pose a global security threat.According to the United Nations and several cybersecurity firms, North Korean hacking groups have…
Solana price sits at around $71 with strong resistance at $75.95. Indicators and EMAs show a bearish market trend. Weekly gains contrast with weak momentum and extreme fear sentiment. Solana price continues to trade in a tight range around the low $70s, with the asset struggling to reclaim the $72 level. At the time of writing, SOL was trading near $71.26, after a mild 24-hour decline of about 0.7%. Despite a stronger weekly rebound of roughly 10%, the broader market pattern still shows clear resistance overhead and weakening momentum across multiple technical indicators. Over the past 24 hours, the Solana…
Options traders are building bearish positions around Strategy’s (formerly MicroStrategy) flagship preferred STRC stock after the security fell to a record low, adding a new layer of pressure to one of Michael Saylor’s main funding tools for buying Bitcoin.Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, known by the ticker STRC, closed Wednesday at $89 after touching an intraday low of $88.51.The close left the security about 11% below its stated $100 level and extended its year-to-date decline to roughly 10.7%.The move is drawing added attention because STRC was designed to trade near $100 through monthly dividend adjustments.Instead, the…
Key takeaways While momentum indicators suggest downside pressure is easing, ETH remains trapped below multiple key moving averages. Until buyers reclaim resistance levels above $1,800, the broader technical outlook remains cautious, with support around $1,741 likely to play a crucial role in determining the next major move. ETH Open Interest falls to a multi-week low Ethereum (ETH) derivatives markets remain subdued following weeks of price weakness, reflecting a cautious stance among leveraged traders. After ETH fell below the $1,800 level, futures open interest dropped sharply, reaching 13.64 million ETH on Sunday, its lowest level since early May. Open interest saw…
Key takeaways Bitcoin remains vulnerable as hawkish Federal Reserve guidance, rising Treasury yields, and inconsistent ETF demand continue to dampen investor sentiment. With BTC trading below key moving averages and lacking strong buying momentum, the near-term bias remains bearish. Bitcoin (BTC) remained under pressure on Thursday, trading below the $64,000 level as investors reacted to a hawkish message from the U.S. Federal Reserve and mixed institutional demand signals. The leading cryptocurrency continues to struggle for momentum, with risk appetite fading across financial markets after the Fed signaled a tougher policy outlook despite leaving interest rates unchanged. Federal Reserve maintains rates…
Every time Watcher Guru writes an article on Shiba Inu (SHIB), the price only keeps declining. On Thursday, the dog-themed token has fallen to $0.0000048 levels with no sign of a price rebound. The trading volume is also on the decline, as the hype and buzz for the memecoin have largely faded.Despite this, several commentators claim that Shiba Inu can reach the $0.01 mark. Let’s not get into the circulating supply of 549 trillion tokens and send them to the dead wallet for prices to surge. We have heard that on repeat since the Shibarium layer-2 solution was launched in…
