JasmyCoin price rallied for the second consecutive day as the crypto market bounced back following the ceasefire between Iran and Israel. JasmyCoin (JASMY) rose to $0.0145 on June 24, its highest level since June 12 and approximately 40% above this…

Jasmy price rises as exchange reserves plummets

Data shows the rebound in Bitcoin and other cryptocurrencies has punished the 
bears, triggering a massive wave of short liquidations. Crypto Sector Has Just 
Witnessed A Mass Liquidation Event According to data from CoinGlass, a large 
amount of liquidations have piled up on the cryptocurrency derivatives market. 
&#8220;Liquidation&#8221; refers to the forceful shutdown that any open contract has to go 
through if its losses exceed the threshold defined by its platform. Related 
Reading: This Bitcoin Zone Could Be Market’s Next True ‘Pivot,’ Says Glassnode 
Below is a table that shows the numbers related to the latest liquidations in 
the market. As displayed, the cryptocurrency sector has seen a derivatives 
flush of over half a billion dollars during the past day. Out of these, 73.7% 
of the liquidations, equivalent to $371 million, came from the short investors 
alone. The short-heavy mass liquidations have come as Bitcoin and company have 
rebounded following the news of a ceasefire between Israel and Iran. Earlier, 
US strikes on Iranian nuclear facilities had induced a crash in the market 
that ended up unleashing a flurry of long liquidations. This time, it seems 
the bears have been the ones caught out instead. As usual, Bitcoin and 
Ethereum have topped the list of liquidations, but interestingly, the latter 
($168 million) has managed to outweigh the former ($153 million), which is 
generally not the case. Ethereum observing a higher amount of liquidations 
could come down to the fact that its price has seen a larger jump during the 
past day (7% vs 3.5%). It could also be an indication of an elevated level of 
speculative interest in the cryptocurrency. Out of the altcoins, Solana and 
XRP have topped the charts with $29 million and $13 million in liquidations, 
respectively. Though clearly, these numbers are quite small compared to the 
figures of the top two titans, showcasing the sheer difference in capital 
involved. In some other news, Bitcoin taker buy volume has shot up on the 
cryptocurrency exchange Bybit, as an analyst has pointed out in a CryptoQuant 
Quicktake post. In the chart, the data of the Bitcoin Taker Buy Sell Ratio is 
shown. This metric measures the ratio between the taker buy and taker sell 
volumes for a given platform. Here, the exchange involved is Bybit. Related 
Reading: Bitcoin STHs Capitulate: 14,700 BTC Moved To Exchanges At Loss It 
would appear that the indicator has recently seen a sharp spike above the 1 
mark, a sign that long volume has started to sharply outpace the short one. 
According to the quant, spikes in the metric on Bybit have often preceded a 
surge in the BTC price. BTC Price Following the recovery run over the last 24 
hours, Bitcoin has returned to the $105,100 mark. Featured image from Dall-E, 
CryptoQuant.com, CoinGlass.com, chart from TradingView.com

Crypto Bears Rekt: $359M Gone As Bitcoin, Ethereum Rebound

Only five US senators out of the 11 typically on the digital assets 
subcommittee were available to ask questions about a potential market 
structure bill.

Many senators absent from ‘bipartisan’ crypto market structure hearing

Rising institutional interest in crypto may include the settlement sector, 
especially stablecoins, which have seen a 55.5% growth in market cap in one 
year.

FalconX joins Crypto.com as partner for Lynq institutional settlement network

Meliuz, previously known for its cashback operations, has become the largest 
holder of bitcoin in Latam, surpassing Mercado Libre. Meliuz Chairman Israel 
Salmen stated that with the latest purchase, the company now holds nearly 600 
BTC and aims to acquire more. Meliuz Blazes Past Mercado Libre to Become 
Largest Public Bitcoin Company in Latin America […]

Meliuz Becomes the Largest Bitcoin Treasury Company in Latam With Latest Purchase

A crypto analyst has reaffirmed a bullish outlook for XRP, suggesting that the 
cryptocurrency’s price action is unfolding exactly as anticipated. The analyst 
points out that XRP is now approaching the critical support level at $1.90, 
which could signal a potential bullish reversal if the price manages to hold 
above it. XRP Eyes $1.90 As Key Reversal Zone Crypto market expert CasiTrades 
believes that the XRP price behavior is moving exactly as predicted following 
its recent price drop below $2. According to the chart and analysis published 
on X (formerly Twitter), XRP’s retracement toward the $1.90 region is not a 
sign of weakness but a textbook setup for a potential reversal. Related 
Reading: Daily Timeframe Says XRP Price Is On The Verge Of Breakout The $1.90 
level represents a major Fibonacci Retracement zone, specifically the 0.5 
retracement from the macro correction, which the analyst has been closely 
watching for a possible price reaction. According to CasiTrades, this zone is 
more than just a random support level—it aligns with a pattern that the 
analyst described in earlier updates. In these previous reports, CasiTrades 
was watching out for distinct price movements during XRP’s decline, including 
a bounce off a key Fibonacci level, a short-term fakeout upward to trap late 
buyers, and a final drop back into the support zone, where Bullish Divergence 
can develop. This distinct price pattern now appears to be playing out exactly 
as expected on the XRP price chart. If XRP holds above the $1.90 level while 
forming a Bullish Divergence on the Relative Strength Index (RSI), it could 
confirm a textbook bottom setup and potentially signal the start of a new 
impulsive rally. XRP And Bitcoin Display Synchronized Patterns CasiTrades&#8217; 
price chart shows XRP forming a Descending Triangle, with its latest move 
dipping just into a high-demand zone marked by previous price reactions. In 
line with the Elliott Wave Theory, this pattern suggests the upcoming 
completion of Wave 2 with a massive breakout in Wave 3 potentially taking 
shape if the $1.90 support level holds. Additional support from key Fibonacci 
levels, such as the 0.618 and 2.136 extensions at $2.0 and $2.1, respectively, 
reinforces strength in XRP’s potential for a rebound. Related Reading: XRP 
Price Enters Perfect Setup After Buy Retest – Next Stop $3.7 Interestingly, 
the analyst points to the Bitcoin price action mirroring this exact 
behavior—bouncing from just under its own 0.236 retracement near $97,000, and 
potentially setting up for a final dip into support. This synchronized 
structure across both XRP and BTC adds heavy confluence. CasiTrades notes that 
this current downturn is not a breakdown, but rather a final calculated 
shakeout before a broader rally. If both Bitcoin and XRP reach as expected 
while positioned at $0.19 and $97,000 respectively, the analyst believes it 
could trigger a new bullish leg in the crypto cycle. Featured image from Getty 
Images, chart from Tradingview.com