Crypto Price Analysis 6-19: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, INJECTIVE: INJ, INTERNET COMPUTER: ICP, DOGWIFHAT: WIF

The crypto market continued to trade in the red, registering a marginal decline over the past 24 hours as macroeconomic uncertainty and geopolitical tensions weighed on investor sentiment. The Federal Reserve’s decision to keep interest rates unchanged also impacted the market, with prices retreating. Bitcoin (BTC) hovered around $105,000 as neither buyers nor sellers could decisively take control. The flagship cryptocurrency fell to a low of $103,695 before recovering and moving to its current levels. However, it is struggling to reclaim $105,000. 

Ethereum (ETH) remained in the red as well, with the world’s second-largest down nearly 9% over the past week. ETH is currently trading around $2,519 after recovering from a low of $2,469. Ripple (XRP) has been marginally down over the past 24 hours, while Solana (SOL) is down almost 2%, trading around $145. Dogecoin (DOGE) is struggling to stay above $0.170, with the price marginally down, while Cardano (ADA) is down nearly 3%, trading around $0.598. Stellar (XLM), Toncoin (TON), Litecoin (LTC), Hedera (HBAR), and Polkadot (DOT) also registered substantial declines. However, Chainlink (LINK) bucked the bearish trend, with the price marginally up, trading around $13.10. 

Fed Keeps Interest Rates Steady 

The Federal Reserve kept interest rates steady, between 4.25% and 4.50%, expecting elevated inflation and slowed economic growth. However, the Fed expects to make two rate cuts later this year. However, it removed one reduction for 2026 and 2027, putting the expected future rate cuts at four or one percentage point. The Reserve’s “dot plot” indicated continued uncertainty about future rate cuts. Each dot represents an official’s expectations for rates. Seven of the nineteen participants indicated they did not want any cuts this year. However, the Committee unanimously approved the policy statement. 

Economic projections also indicated growing stagflationary pressures, with officials indicating that gross domestic product (GDP) was advancing at 1.4% in 2025 while inflation was hitting 3%. The revised forecasts show a decrease of 0.3 percentage points for GDP and a similar increase for the personal consumption expenditures price index. Core PCE, which eliminates food and energy prices, was projected at 3.1%, 0.3 percentage points higher. Unemployment was up to 4.5%, 0.1 percentage point higher than March and 0.3 percentage point higher than the current level. The FOMC stated, 

“Uncertainty about the economic outlook has diminished but remains elevated. The Committee is attentive to the risks to both sides of its dual mandate.”

Meanwhile, Federal Reserve Chair Jerome Powell indicated there was time to wait for more clarity, stating, 

“For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policies.”

Iran’s Nobitex Exchange Hacked By Pro-Israel Group 

Pro-Israel hacker group Gonjeshke Darande has claimed to have destroyed over $90 million stolen from Nobitex’s wallets. The group issued an update stating it had burned the funds across multiple blockchains using “vanity addresses” containing no recoverable private keys. This renders the funds permanently inaccessible. The news comes after the high-profile exploit of Iran’s largest exchange, which saw over $90 million in BTC, ETH, DOGE, and other tokens drained from its hot wallets. The hackers justified the breach as a response to the exchange’s alleged role in helping the Iranian regime circumvent sanctions. 

The group tied the hack to the ongoing tensions between Israel and Iran, which have intensified following airstrikes on Tehran’s nuclear sites. Blockchain security firm Chainalysis confirmed the stolen assets had not been transferred to crypto mixers or exchanges and were sent to irretrievable addresses with inflammatory labels. 

Meanwhile, Nobitex acknowledged the burn and assured users their funds were safe in cold storage. The exchange also clarified that its staff had emptied its hot wallets and that no customer funds would be lost thanks to its reserve fund and insurance pool. 

Circle Stock Soars As GENIUS Act Passes 

Circle’s stock surged over 34% on June 18, briefly touching an all-time high of $200.90 before closing at $199.59. The increase is a 6.5-fold increase from Circle’s initial public offering price of $31. The rally came after the Senate passed the GENIUS Act to establish a comprehensive federal framework to regulate dollar-backed stablecoins like Circle’s USDC. The legislation cleared the Senate with a 68-30 vote and now heads to the US House of Representatives. House Financial Services Committee staff confirmed that scheduling discussions will begin next week. However, a floor vote date is yet to be decided. 

Coinbase’s stock also rose 14%, while Robinhood rose 4.5% to reach a new all-time high of $78.35. The market’s reaction to the passage of the GENIUS Act indicates growing confidence that federal oversight could accelerate mainstream adoption and de-risk the regulatory landscape for US-based stablecoin issuers. 

President Trump Urges House To Pass The GENIUS Act 

United States President Donald Trump has urged the House to pass the GENIUS Act as soon as possible so he can officially sign it into law. Trump took to Truth Social to urge the House to “Get it on my desk ASAP.”

“The Senate just passed an incredible Bill that is going to make America the UNDISPUTED Leader in Digital Assets. Get it to my desk ASAP — NO DELAYS, NO ADD ONS.”

Trump’s message came after the Senate passed the bill 68-30. Supporters of the bill believe it will play a crucial role in maintaining the dollar’s dominance in global finance. Senator Bill Hagerty, also the bill’s sponsor, stated that it would allow businesses of all sizes and Americans across the country to settle payments instantaneously instead of waiting for days or even weeks. The bill faced early setbacks, failing a closure vote in the Senate in May after Democrats voiced concerns about Trump’s connections with the crypto industry. Senator Elizabeth Warren, one of the bill’s fiercest critics, stated that Trump and his family would make millions from the USD1 stablecoin if the GENIUS Act passed. 

Bitcoin (BTC) Price Analysis 

Bitcoin (BTC) registered a marginal increase on Tuesday despite volatility and selling pressure. However, it is struggling to build momentum and reclaim $105,000, with buyers unable to push prices higher. The flagship cryptocurrency started the week positively, racing to an intraday high of $108,944 on Monday. Despite this, it failed to maintain momentum and settled at $106,806. Bearish sentiment intensified on Tuesday as macroeconomic uncertainty and geopolitical tensions escalated. As a result, BTC plunged below $105,000, falling to a low of $103,400 before settling at $104,518. 

BTC is trading within a narrow band, ranging from $103,000 to $107,500. The price has stabilized around the $105,000 mark, with analysts stating the price must hold above $103,000 to retain chances of a potential breakout. While BTC risks further downside, if it maintains its position above $103,000, it would suggest markets are absorbing the selling pressure effectively. However, the market situation also presents investors with a high-stakes yet potentially rewarding opportunity for investors. Crypto trader Matthew Hyland stated on X, 

“This environment now reflects a high-risk, high-reward opportunity for upside continuation if buyer confidence returns.”

Andre Dragosch, head of research at Bitwise’s ETP platform ETC Group, believes that BTC’s price can suffer following an outbreak of hostilities between two or more countries. While volatility in BTC is seen as reducing, it is still viewed as a risky asset and is likely to be sold quickly if geopolitical tensions escalate. Mthink Thakore, co-founder and CEO of Bitcoin Layer2 liquidity protocol Velar, stated, 

“Over the longer term, geopolitical conflicts raise the prospects of higher inflation rates globally due to factors like increased fiscal spending, looser monetary policy, supply-chain disruptions, and commodity price spikes, which should all benefit Bitcoin.”

BTC has shown remarkable resilience during geopolitical tensions. However, a lack of price movement does not necessarily make BTC a hedge during geopolitical uncertainty. 

BTC ended the previous weekend positively, registering a marginal increase to reclaim $105,000 on Sunday and settle at $105,791. Bullish sentiment intensified on Monday as BTC surged past the 20-day SMA and $110,000 to settle at $110,251. The price fell to a low of $108,325 on Tuesday but recovered to reclaim $110,000 and settle at $110,253. Sentiment turned bearish on Wednesday as BTC fell 1.43%, slipping below $110,000 and settling at $108,686. Selling pressure intensified on Thursday as the price fell nearly 3%, falling below the 20-day SMA and settling at $105,826. BTC plunged to an intraday low of $102,854 on Friday. However, it recovered from this level to register a marginal increase and settle at $106,106.

Source: TradingView

Price action was mixed over the weekend as BTC registered a drop of 0.59% on Saturday before registering a marginal increase on Sunday to settle at $105,562. BTC started the current week on a bullish note as the price surged to an intraday high of $108,944 on Monday. However, it could not stay at this level and settled at $106,806, ultimately registering an increase of 1.18%. Market sentiment worsened Tuesday as the price fell over 2%, slipping below the 20-day SMA and $105,000 to settle at $104,518. BTC faced volatility and selling pressure Wednesday as sellers attempted to retain control. Despite this, it registered a marginal increase and settled at $104,884. The current session sees BTC marginally up as it looks to reclaim $105,000 and push higher.

Ethereum (ETH) Price Analysis

Ethereum’s (ETH) price action remained subdued as it traded around the $2,500 mark. The world’s second-largest cryptocurrency lost momentum after reaching a high of $2,878 on Wednesday as sellers overwhelmed buyers at upper levels. As a result, the price plunged to a low of $2,441 by Friday before recovering and moving to current levels. According to analysts, large holders of ETH are reinforcing the downward pressure on the asset by selling the asset. ETH has traded in a range for over a month, with neither buyers nor sellers taking complete control. With price action and volatility stalling, ETH is setting up for a decisive move. However, analysts are unsure about which way it could break.

ETH has held above the $2,400 level, a crucial support zone. Analysts believe that as long as ETH continues closing above this level, the setup will favor the Bulls. A break from this level could push ETH beyond $2,800. However, if ETH loses this level, bears will gain the upper hand and drive the price below $2,000.

ETH ended the previous weekend in the red, registering a marginal decline and settling at $2,511. It started the previous week in positive territory, rising nearly 7% to cross the 20 and 200-day SMAs and $2,600 to settle at $2,680. Buyers retained control on Tuesday as the price rose over 5% to cross $2,800 and settle at $2,816. ETH lost momentum on Wednesday after rising to an intraday high of $2,878. As a result, it dropped 1.56% to $2,776. Bearish sentiment intensified on Thursday as the price fell 4.57%, slipping below the 200-day SMA and settling at $2,645. ETH plunged to an intraday low of $2,411 on Friday. However, it rebounded from this level to reclaim $2,500 and settle at $2,579, ultimately registering a drop of 2.48%.

Source: TradingView

Price action remained bearish on Saturday, falling almost 2% to $2,432. Despite overwhelming selling pressure, ETH registered a marginal increase on Sunday to end the weekend at $2,548. ETH raced to an intraday high of $2,689 on Monday before losing momentum, registering a marginal decline, and settling at $2,544. The price faced volatility and selling pressure on Tuesday before dropping 1.30% to $2,511. Despite selling pressure. It recovered on Wednesday, rising 0.58% to $2,525. The current session sees ETH marginally up as buyers and sellers struggle to establish control.

Solana (SOL) Price Analysis

Solana (SOL) continued trading downwards, extending its losses for a fourth consecutive day as the price slumped to $145. SOL ended the previous weekend with an increase of 1.56% and moved to $152. Bullish sentiment intensified on Monday as the price surged nearly 6%, crossing the 50-day SMA and $160 to settle at $161. SOL fell to a low of $156 on Tuesday before rebounding to register an increase of 2.44% and settle at $165. Price action turned negative on Wednesday, falling 2.48% to $161. Bearish sentiment intensified on Thursday as SOL fell over 5%, slipping below $160 and the 20 and 50-day SMAs to $152. The price plunged to an intraday low of $140 on Friday. However, it recovered from this level to settle at $148, ultimately registering a drop of 2.47%.

Source: TradingView

Price action remained bearish on Saturday, falling nearly 3% to $144. Despite the overwhelming selling pressure, SOL rallied on Sunday, rising almost 6% to reclaim $150 and settle at $153. It raced to an intraday high of $158 on Monday but lost momentum and dropped 1.52% to $150. The price declined on Tuesday, slipping below $150 and settling at $147. Sellers retained control on Wednesday as SOL dropped almost 1% and settled at $146. The current session sees the price marginally down as buyers and sellers struggle to establish control. If sellers retain control, SOL could slip to $140. However, if buyers regain control, the price could rebound to $150.

Injective (INJ) Price Analysis

Injective (INJ) traded in positive territory the previous weekend, rising nearly 10% on Saturday and registering an increase of 1.17% on Sunday to cross the 20-day SMA and settle at $13.25. The price continued to push higher on Monday, increasing nearly 4% and settling at $13.76. Buyers retained control on Tuesday as INJ rose 1.97% to cross $14 and settle at $14.03. Despite the positive sentiment, it lost momentum on Wednesday, falling over 5%, slipping below $14 and settling at $13.27. Bearish sentiment intensified on Thursday as INJ plunged over 7%, slipping below $13 and the 20-day SMA to settle at $12.31. The price fell below the 50-day SMA on Friday after a drop of 4.55% and settled at $11.75.

Source: TradingView

Price action remained bearish over the weekend as INJ fell 2.55% on Saturday and registered a marginal decline on Sunday to settle at $11.43. INJ raced to an intraday high of $12.32 on Monday. However, it could not stay at this level and settled at $11.59, ultimately registering an increase of 1.42%. Bearish sentiment returned Tuesday as the price fell over 5% to $10.96. INJ plunged to an intraday low of $10.42 on Wednesday before recovering to register an increase of over 4% and settle at $11.41. The current session sees INJ marginally up, trading around 0.56%.

Internet Computer (ICP) Price Analysis

Internet Computer (ICP) started the previous week on a bullish note, surging nearly 9% to cross $6 and settle at $6.04. Buyers retained control on Tuesday as the price registered an increase of over 2% and settled at $6.17. Despite the strong start, ICP lost momentum on Wednesday, falling 1.62% and settling at $6.07 after falling to an intraday low of $5.95. The price continued to drop on Thursday, falling nearly 4%, slipping below $6 and settling at $5.84. Bearish sentiment intensified on Friday as ICP plunged over 6% and settled at $5.17.

Source: TradingView

ICP recovered over the weekend, surging to an intraday high of $5.79 before settling at $5.49 after a marginal increase. The price crashed to a low of $5.29 on Sunday. However, it recovered from this level to register a marginal increase and settle at $5.52. ICP raced to an intraday high of $5.74 on Monday but lost momentum after reaching this level. As a result, the price fell 2.36% and settled at $5.39. Bearish sentiment intensified on Tuesday as ICP plunged nearly 5%, slipping below the 20 and 50-day SMAs and settling at $5.13. Bearish sentiment and volatility persisted on Tuesday, with the price dropping 0.39% to $5.11. The current session sees ICP down almost 1%, trading around $5.06. A bearish MACD indicates that sellers have the upper hand.

Dogwifhat (WIF) Price Analysis

Dogwifhat (WIF) has traded downwards since the beginning of the previous week. However, it has shown signs of a recovery over the past two sessions as buyers look to stem the decline. WIF started the previous week on a bullish note, surging over 15% to cross $1 and the 20-day SMA and settle at $1.02. It lost momentum on Tuesday and registered a marginal decline. Selling pressure intensified on Wednesday as the price fell nearly 7%, slipping below $1 and the 20-day SMA and settling at $0.955. Sellers retained control on Thursday as the price fell 7% to $0.887. WIF fell to an intraday low of $0.793 on Friday before settling at $0.851, ultimately registering a drop of over 4%.

Source: TradingView

Sellers retained control on Saturday as the price fell over 2% and settled at $0.833. Despite the overwhelming selling pressure, WIF recovered on Sunday, rising 2.11% to end the weekend at $0.851. Sellers were back in control on Monday as the price fell 2.13% after reaching an intraday high of $0.903 and settled at $0.832. Selling pressure intensified on Tuesday as WIF fell over 7% to $0.771. The price recovered on Wednesday, registering an increase of 2.40% and settling at $0.789. The current session sees WIF marginally down as buyers and sellers struggle to establish control.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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