AltLayer’s native token, ALT, recorded a sharp rally on Monday, June 16, forming a notable breakout candle ahead of its listing on South Korea&#8217;s leading exchange, Upbit. According to data from crypto.news, AltLayer (ALT) surged by 104% intraday, reaching a…

Here’s why AltLayer crypto is up 35% today

Flare Network’s bridging technology and FAssets are bringing institutional and 
retail XRP holders into DeFi, tapping a massive pool of idle liquidity.

Flare Network bridges XRP to DeFi to unlock dormant liquidity

Bitcoin’s recent price activity has been characterized by sharp swings as 
global uncertainties persist, particularly following the escalation of 
tensions between Israel and Iran. After plunging by nearly 5% amid the rising 
geopolitical strain, Bitcoin managed to recover, bouncing back above $105,000 
and currently trading around $106,800. The past 24 hours have been highlighted 
by Bitcoin recovering toward $108,000 briefly again, but with escalating 
tensions in the Middle East, there&#8217;s a good chance it could crash soon. This 
aligns with an outlook from a crypto analyst, who noted that Bitcoin might 
crash toward $100,000. Resistance Band Faces Test For Bitcoin According to 
crypto analyst Pejman_Zwin on the TradingView platform, Bitcoin is hovering 
within a confluence of resistance and short liquidation zones, stretching from 
$105,330 to $107,120. This range, he notes, is not only a structural 
resistance zone but also corresponds with the cumulative short liquidation 
leverage area. Related Reading: Bitcoin Price Forms Descending Triangle 
Pattern Amid Israel-Iran Tensions Basically, this means there&#8217;s a high 
possibility of an intensified price volatility if this zone is challenged or 
broken. The charts also reveal the presence of a possible contracting triangle 
pattern, which is a bearish continuation setup in the context of a larger 
correction. According to the analyst, if Bitcoin fails to reclaim $106,600 
convincingly, the structure could shift from a corrective triangle to a five- 
wave downward impulse. This would cause a deeper retracement, especially as 
the price is already forming lower highs within the triangle. As such, the 
longer Bitcoin lingers in this resistance range without a breakout, the higher 
the likelihood of a rapid downward move. Bearish And Bull Targets If Bitcoin 
were to confirm this breakdown, the analyst noted the first major target 
around the lower boundary of the support zone, which lies between $105,330 and 
$103,162. This zone is reinforced by the monthly pivot point and also overlaps 
with the cumulative long liquidation leverage region. The 1-hour candlestick 
timeframe chart further highlighted a potential short setup from the reversal 
zone near $107,100 and a projected target close to $104,300. Related Reading: 
Bitcoin Bears Back In Control After $110,000 Rejection, What Comes Next? 
Further downside could pull the price toward the next support band around 
$102,600 or even down to $101,000, should liquidation pressure persist. 
Pejman, on the other hand, pointed out that a sustained breakout above the 
$107,120 resistance line could initiate a bullish reversal and push Bitcoin 
back towards the heavy resistance cluster above $108,000. A strong daily close 
above $108,000 could cancel the bearish outlook. However, failure to break 
above here could lead to a rejection and another downside move. Although 
Bitcoin is starting to show some signs of bullishness, its price action is 
still vulnerable to a quick pullback, especially if the tensions in the Middle 
East continue to unfold. At the time of writing, Bitcoin is trading at 
$106,638, down 0.02% in the past 24 hours. This subdued price action shows its 
current consolidation nature. Featured image from Pixabay, chart from 
Tradingview.com

Analyst Predicts Bitcoin Price Crash As War Tensions Mount In Middle East

Over 28% of the total Ether supply is now staked, signaling that many 
investors are gearing up to hold their assets for the long term.

Staked Ethereum hits 35M ETH high as liquid supply declines

Global stocks pared gains on Tuesday, with the Dow Jones Industrial Average 
opening more than 100 points lower in early trading as Israel and Iran 
continued attacks against each other. Alongside the Dow, the S&amp;P 500 opened 
down 0.3%, while…

Dow opens lower as Israel-Iran conflict weighs on investors

io.net is bolstering its decentralized AI infrastructure by integrating 
Walrus’ encrypted storage protocol, enabling developers to securely train and 
deploy custom models without relying on traditional cloud providers. According 
to a press release shared with crypto.news on June 17, decentralized…