Sei price continued its strong downtrend today, June 17, as the ongoing crypto crash accelerated. Sei (SEI) token dropped to $0.1660, its lowest level since April 17, and is now down more than 40% from its May high. From its…

Sei price may crash 22% and then rebound

Bitcoin has weathered a wave of volatility in recent days, triggered by the 
escalating conflict between Israel and Iran. As geopolitical tensions rise and 
global markets grapple with uncertainty, risk assets like BTC have faced 
increased pressure. Yet despite this turbulent backdrop, Bitcoin has managed 
to maintain its footing above key support levels, demonstrating notable 
resilience. Related Reading: Ethereum Consolidation Continues – Altseason May 
Follow A Clean Break Above Resistance Currently trading just under its all- 
time high, Bitcoin is in a consolidation phase that many analysts view as the 
calm before a potential breakout. Top analyst Rekt Capital shared insights 
indicating that the final major Weekly resistance, which has previously capped 
price rallies, may now be weakening as a point of rejection. If confirmed, 
this shift could signal a critical turning point in the market structure and 
open the door to price discovery. Investors are watching closely as BTC holds 
strong while macro headwinds—including rising US Treasury yields and fears of 
energy disruptions—continue to swirl. With the broader market bracing for 
further developments in the Middle East, Bitcoin’s ability to maintain higher 
lows and approach resistance with momentum suggests that the bulls may soon 
reclaim full control. The coming days could prove pivotal for the next phase 
of BTC’s market cycle. Bitcoin Awaits Clarity As Middle East Tensions Shape 
Market Sentiment The conflict between Israel and Iran continues to dominate 
headlines and exert influence over global markets. As tensions escalate, 
investors remain cautious, closely monitoring geopolitical developments and 
their macroeconomic ripple effects. In this uncertain environment, Bitcoin has 
entered a consolidation phase, with neither bulls nor bears fully in control. 
The lack of a clear direction stems from diverging investor expectations. 
Optimistic market participants anticipate that a diplomatic resolution may be 
reached in the coming days or weeks. A peace deal could reduce market anxiety, 
drive oil prices lower, and reignite momentum across risk assets—Bitcoin 
included. On the other hand, more cautious investors fear that the situation 
could worsen. Prolonged conflict may spark volatility in the energy sector, 
push inflation higher, and strain economic stability, particularly in regions 
dependent on oil imports. This week may prove decisive for Bitcoin’s next 
major move. Price action remains tightly bound, but all eyes are on the long- 
standing Weekly resistance. According to Rekt Capital, the final major Weekly 
resistance—once a strong rejection point—now appears to be weakening. This 
shift in structure suggests that Bitcoin may be preparing for a breakout into 
price discovery territory, should macro conditions stabilize. Related Reading: 
Ethereum Holds Key Range Support – Bulls Set Sights on Higher Levels BTC Price 
Holds Above Key Support Amid Consolidation The 12-hour chart for Bitcoin shows 
that BTC continues to trade within a tight range, holding above the critical 
$103,600 support while struggling to break cleanly through the $109,300 
resistance. This zone has repeatedly acted as a ceiling for price action since 
early May, with sellers stepping in around $109K and buyers defending dips 
near $104K. The recent bounce from just above the $103,600 level reflects 
ongoing buyer interest at that range, reinforced by the 100-day SMA (green), 
which is providing dynamic support. Meanwhile, the 50-day SMA (blue) is 
curling slightly upward, showing early signs of positive momentum, although 
the price has yet to clearly reclaim and hold above it. Volume remains 
moderate, indicating a lack of strong conviction on either side. For bulls to 
regain full control, BTC must push through the $109,300 resistance with 
sustained volume and hold that breakout level. A failure to do so may result 
in another rejection and a potential retest of the lower boundary near 
$103,600. Featured image from Dall-E, chart from TradingView

Bitcoin Holds Strong Despite Israel-Iran Tensions – Weekly Resistance Begins To Crack

US Senate passes the GENIUS stablecoin bill, advancing it to the House for a 
vote in 3 weeks with rules on backing, audits, and oversight.
The post US Senate passes GENIUS stablecoin bill, advancing it to the House 
for final approval appeared first on Crypto Briefing.

US Senate passes GENIUS stablecoin bill, advancing it to the House for final approval

The Tuesday notices will push the SEC&#8217;s deadline to approve or disapprove of 
the ETFs to late July, though it could be delayed further at that time.

SEC opens Franklin Templeton XRP, SOL ETF proposals to comments

In a recent blog post, Christine Lagarde, President of the European Central 
Bank, emphasized the need for Europe to strengthen three foundational 
pillars—geopolitical credibility, economic resilience, and legal and 
institutional integrity—to enhance the euro&#8217;s global prominence. Lagarde noted 
the shifting global order, characterized by rising protectionism and 
uncertainty, which poses risks to Europe&#8217;s economy and […]

ECB President Lagarde Aims to Seize Shifting Global Order to Strengthen Euro’s Global Position

Ethereum layer-2 growth and $830 million in spot ETH ETF inflows show 
investors’ true feelings even as the wider crypto market crumbles.