Crypto Assets
BTC
Bitcoin faced resistance at higher levels and dropped from $67,300 to $62,200. Higher-than-expected US inflation figures triggered negative sentiment in the market. On the technical front, BTC’s daily RSI remains in the negative zone, while Stochastics data is also in the overbought zone, triggering profit booking. Long-term holders absorbed 125,000 BTC in June, marking one of the largest monthly accumulation events of this cycle.
ETH
Ethereum slipped from the $1,850 level and is currently trading around the $1,680 mark amid broader market weakness and continued ETF outflows. US inflation data also triggered profit booking. On the technical front, ETH’s RSI remains in negative territory, while Stochastics data is in the overbought zone. Profit booking may continue, with the lower support zone placed around $1,580. Morgan Stanley has filed amendments for its spot Ethereum ETF to reduce fees.
SOL
Solana declined along with the broader market from the $74 level but continued to demonstrate strong ecosystem growth. Morgan Stanley has filed amendments for its spot Solana ETF to reduce fees. The Federal Reserve, in its June 17 meeting, kept interest rates unchanged, which triggered a sell-off in the market.
Note: As of now, the crypto market cap stands at $2.16 trillion.
Events to Watch Closely This Month
- Strategic Bitcoin Reserve: The legal and custody framework has been cleared. If the BITCOIN Act passes, the Treasury could begin open-market BTC purchases in Q4 2026.
- Glamsterdam: The Glamsterdam final devnet went live on June 16 with all 10 EIPs, including enshrined PBS, parallel execution, and quantum-resistant wallet testing.
- U.S. CLARITY Act: Banks and crypto firms are debating yield-bearing stablecoins and OCC charter access.
- New Launches: Berachain Fusaka (June 24), Starknet STRK20 privacy standard, NEAR v2.13 AI upgrade, Coinbase equity index futures (live since June 8), and TGEs from GRVT and Arcium.
Weekly Support and Resistance Levels
| Coins | CMP | Support 2 | Support 1 | Trend | Resistance 1 | Resistance 2 |
| BTC | $63,800 | $58,310 | $61,200 | Neutral | $65,850 | $69,650 |
| ETH | $1,685 | $1,530 | $1,615 | Neutral | $1,880 | $1,996 |
| SOL | $69.40 | $62.80 | $66.15 | Positive | $75.10 | $81.50 |
| BNB | $579 | $531 | $552 | Positive | $626 | $656 |
| HYPE | $67.40 | $59.80 | $64.45 | Positive | $76.50 | $82.65 |
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