The Flare Network token jumped to $0.035 in December 2024, riding the wave of Bitcoin&#8217;s surge and the broader crypto market rally. While its price trended downward through most of 2025, April and the first half of May have been…

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A Nasdaq-listed biotech company is betting big on crypto with a $50 million 
move into Hyperliquid’s HYPE token. According to a June 17 press release from 
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In a historic vote, the U.S. Senate has passed the GENIUS Act, a bipartisan 
bill aimed at establishing federal rules for stablecoins. According to a CNN 
report, on June 17, the bill cleared the Senate with strong bipartisan support 
in…

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The Archetyp dark web market had over 600,000 users, a total transaction 
volume of at least $287 million and over 17,000 listings, mainly offering 
drugs for sale.

Archetyp dark web market shut down, but ecosystem adapts: TRM Labs

Solana started a fresh decline from the $160 zone. SOL price is now 
consolidating losses and might decline further below the $145 level. SOL price 
started a fresh decline from the $160 resistance zone against the US Dollar. 
The price is now trading below $155 and the 100-hourly simple moving average. 
There was a break below a bullish trend line with support at $150 on the 
hourly chart of the SOL/USD pair (data source from Kraken). The pair could 
start a fresh increase if it clears the $152 resistance zone. Solana Price 
Dips Further Solana price failed to continue higher above the $160 level and 
started a fresh decline, like Bitcoin and Ethereum. SOL gained pace and traded 
below the $155 support level. There was a break below a bullish trend line 
with support at $150 on the hourly chart of the SOL/USD pair. The pair even 
traded below the $148 level. A low was formed near $145 and the price recently 
started a consolidation phase. It tested the 23.6% Fib retracement level of 
the recent decline from the $158 swing high to the $145 low. Solana is now 
trading below $150 and the 100-hourly simple moving average. On the upside, 
the price is facing resistance near the $150 level. The next major resistance 
is near the $152 level. It is close to the 50% Fib retracement level of the 
recent decline from the $158 swing high to the $145 low. The main resistance 
could be $155. A successful close above the $155 resistance zone could set the 
pace for another steady increase. The next key resistance is $160. Any more 
gains might send the price toward the $165 level. Another Decline in SOL? If 
SOL fails to rise above the $152 resistance, it could start another decline. 
Initial support on the downside is near the $145 zone. The first major support 
is near the $142 level. A break below the $142 level might send the price 
toward the $130 zone. If there is a close below the $130 support, the price 
could decline toward the $125 support in the near term. Technical Indicators 
Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly 
Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 
level. Major Support Levels – $145 and $142. Major Resistance Levels – $152 
and $155.

Solana (SOL) Tests Support After Dip — Bounce or Breakdown Ahead?

Bitcoin may be gearing up for a renewed surge, but according to trader Josh 
Olszewicz, the bullish setup is walking a macroeconomic tightrope—and one 
wrong move could send everything tumbling. In his June 16 “Macro Monday” 
update, Olszewicz laid out a broad-based technical and macroeconomic case for 
why BTC is holding firm near all-time highs, while warning that the market’s 
resilience is underpinned by a single, fragile macro factor: liquidity. $150K 
Bitcoin? Only If Powell Doesn’t Pull The Plug “Crypto clearly doesn&#8217;t care. 
Legacy clearly doesn&#8217;t care,” Olszewicz said, referring to the continued rally 
in risk assets despite no rate cuts from the Federal Reserve. “Both of those 
are mooning without rates coming down.” The key, according to him, lies in the 
quiet resurgence of global liquidity. While the Fed has not yet pivoted to 
easing, and markets are pricing near-zero odds of cuts in the June or July 
FOMC meetings, US and global liquidity metrics have started to turn upward. 
Olszewicz specifically pointed to reverse repo operations and the Treasury 
General Account (TGA) as crucial levers. “When reverse repo drains, it helps 
liquidity. When TGA spends down, it helps liquidity. Right now, neither is 
doing much, but both are trending in the right direction,” he said. “And 
that’s enough to keep risk assets buoyant.” Related Reading: Bitcoin To 
$140,00 In 50 Days? Bitwise Bets On War Rally The current setup, Olszewicz 
argued, bears little resemblance to the hard tightening regimes of 2018 or 
2022. Globally, rate hike cycles are easing or reversing altogether. “It has 
been liquidity going up,” he emphasized. “If liquidity falls, if rates go up, 
then I&#8217;d expect crypto to have a hard time.” For Bitcoin, which remains pinned 
near its all-time high, the structure looks increasingly constructive. The 
trader noted that BTC has so far resisted any meaningful breakdowns and 
continues to reclaim key technical levels. “We&#8217;re hovering at all-time highs. 
That&#8217;s what you want to see,” he said. “You want to see us just continually 
fight off these sell-offs. It&#8217;s not a good look to lose highs quickly.” From a 
technical standpoint, Olszewicz identified $97,980 as the key downside level 
to watch if Bitcoin does falter. But on the upside, he sees clear potential 
for continuation: “I like $122K as a pit stop, and then eventually we’ll 
settle in probably somewhere in the $150K range if we really get going.” But 
that path is far from guaranteed. The wildcard in Olszewicz’s framework is US 
liquidity—a metric he calculates as the Federal Reserve balance sheet minus 
the TGA and reverse repo. It’s rising, but only modestly. “We are seeing 
liquidity start to tick up again back to the top of the range,” he said. 
“Nothing super impressive just yet, but this is very helpful—especially for 
alts, obviously for BTC, but this is what alts need.” And that’s the catch. If 
liquidity stalls or reverses—whether due to an unexpected Fed tightening move, 
a jump in TGA balances around tax deadlines, or a reactivation of reverse repo 
drains—then the entire crypto rally could be put at risk. “If this goes to 
zero,” Olszewicz warned about the reverse repo facility, “there may be 
liquidity issues and then they may have to reinstate QE.” Related Reading: On- 
Chain Analyst Warns: Bitcoin Peak Expected, Altcoins Facing -95% Plunge He 
also flagged August as a critical juncture, with a possible US debt ceiling 
crunch looming. “Just pay attention to what&#8217;s going on going into August, 
assuming the debt ceiling isn&#8217;t raised,” he said. “Higher the debt, higher the 
deficit, the more investors move to fixed supply assets. That’s better for 
crypto.” But none of this guarantees a clean move to $150K. As Olszewicz 
noted, we’re still waiting on one essential domino to fall: inflation 
stability. While “true inflation” data from independent trackers is hovering 
in the low 2s, Fed-preferred metrics like CPI and PCE remain volatile. For 
Powell to act, the data needs to show three to six months of sustained, 
flatline 2% inflation. “You do not want 2.3 one month, 2.6 the next month, 
2.4, 2.8,” Olszewicz said. “You want a stable 2%.” Until then, the Fed is 
likely to hold firm. But the longer Bitcoin maintains momentum without a rate 
cut, the more market psychology begins to shift—toward a scenario where easing 
becomes a bonus, not a prerequisite. “If we’re doing well without rates coming 
down, why are we rooting for rates to come down?” Olszewicz asked. The answer, 
for Bitcoin, may come down to just one macro metric: liquidity. If it holds, 
$150,000 is still very much in play. But if it snaps—so could the cycle. At 
press time, BTC traded at $105,325. Featured image created with DALL.E, chart 
from TradingView.com