#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Top coins rise and fall weekly: KAIA, BCH, SPX, FARTCOIN
Last week was a tense week in the cryptocurrency space, with macro FUD casting a long shadow. However, the market has tried to hold steady with Bitcoin fluctuating around the $100,000 mark, while the U.S. Senate passed the GENIUS Act, an important bill regarding stablecoins.
Meanwhile, the Federal Reserve (Fed) kept interest rates unchanged, causing mixed reactions across risk assets. This instability ignited strong rallies in mid and small-cap stocks, even as meme coins led the largest losses of the week.
Top coins surge this week
Kaia (KAIA) – Blockchain Web3 reaches a five-month high
Kaia (KAIA) leads with a weekly increase of 17.6% from a base level of $0.15.
Although the week started slowly with an increase of only 1.76%, the context has provided significant momentum. KAIA closed the previous week with a decrease of 16% after an unsuccessful breakout above $0.18.
However, from June 18 to June 22, the upward trend reversed. A strong price increase of 23% triggered a Short Squeeze, pushing liquidity past local peaks and driving the price of KAIA above the resistance level of $0.2.
This move marks the highest level in five months, signaling a potential trend reversal after an extended consolidation period.
The price increase occurred simultaneously with macroeconomic fluctuations, triggering widespread risk-averse capital flows. KAIA has dropped nearly 10% in just two sessions, sliding below the support level of $0.18. This is a crucial level that previously acted as resistance.
If the bulls can reclaim and hold this level as a higher low, the structure remains constructive and another test of the liquidity pocket at $0.2-0.21 may occur thereafter.
Sei (SEI) – Blockchain L1 breaks resistance level
Sei (SEI) recovered strongly last week, closing with a 15% increase and ranking second among the coins with the highest weekly performance.
After several weeks of decline and hitting a two-month low of $0.17, SEI has finally found its footing.
Buyers entered at the beginning of this week, starting a solid four-day price increase that helped the token rise by 24% and reclaim the key level of $0.23.
But the joy did not last long. A rapid decline of 6.5% wiped out part of that gain, indicating that the market is still in a state of tension, potentially reacting to general macro concerns.
However, fortunately, the technical indicators do not seem too hot and still have the potential to recover if it holds at $0.21. If the bulls can maintain pressure, SEI will try again at $0.25.
Bitcoin Cash (BCH) has secured the third position on the price increase chart last week with a solid gain of 10% from the opening level of 462 dollars, continuing the upward trend from the previous week.
But things are not always smooth. Just when BCH surpassed the $500 mark after 5 months, macro fears emerged and triggered a Long Squeeze. As a result, a strong price retreat wiped out half of the gains, pulling back to $460. However, the overall picture seems optimistic.
BCH has reversed key resistance levels, most recently the $420 zone, into support levels. This is a strong sign that buyers are confident.
When the panic mentality is somewhat alleviated, the current correction may be the stepping stone for BCH to start a new bullish cycle as the market regains stability.
In addition to the big names, the altcoins that have surged in price have captured all the attention this week. Sentre (SNTR) leads with a spike of 494%, followed by FUNtoken (FUN) with a 109% increase and Cross the Ages (CTA) rising by 96%.
Top coins drop in price this week
AB (AB) – Utility token eliminates weekly increase
AB (AB) leads the weekly loss, down nearly 30% from the opening level of $0.014, reversing from last week's biggest gain.
The reversal move is not entirely surprising. Last week's breakout surge pushed AB to its highest level in three months and caused the RSI to sink deep into the overbought zone, issuing early warning signs.
This week, the correction occurred quickly and strongly: Four consecutive red candles, each forming a lower low, wiped out nearly 75% of the previous bullish run.
Trading volume decreased by 81%, indicating a lack of buying interest as prices fall and increasing the risk of deeper price declines.
With the strong downtrend and the support level of $0.01 being threatened, the likelihood of the price dropping below this level is increasing unless the bulls intervene with strong conviction.
SPX6900 (SPX) – Memecoin extends losing streak
SPX6900 (SPX) is approaching the largest weekly loss position, recording a decrease of 28.7% from the opening level of $1.48.
This memecoin has extended the downtrend from last week's peak of $1.70, a significant resistance level that was last tested at the end of January.
With diminishing momentum and the RSI signaling exhaustion, taking profits is inevitable. What is more concerning is the continuous weakness of the buyers.
SPX has broken below the psychological support level of 1 dollar, pulling the price down to a new monthly low of 0.97 dollars. At the time of writing, the price has rebounded to 1.01 dollars.
If there is no strong price surge in the near future, the door will open for a deeper correction, with $0.5 emerging as the next important support level.
Fartcoin (FARTCOIN) has recorded a weekly loss of 26.77%, breaking through the key support level with no signs that buyers will defend.
After reaching a peak of 1.5 dollars last week, FARTCOIN opened last week at 1.2 dollars but quickly expanded its losses, surpassing the psychological barrier of 1 dollar without triggering a "healing" recovery move.
This is a clear sign that the upward momentum is weakening. In fact, the drop to $0.8 marks a lower low for the third consecutive day, confirming a strong bearish structure.
Even more concerning is the lack of liquidity around key support levels, indicating weak absorption demand.
If the bulls do not step in soon, the $0.5 level will become the next magnet where liquidation clusters may begin to stack up.
In the broader market, the volatility has decreased significantly. Polyhedra Network (ZKJ) leads the loss group with a decrease of up to 86%, followed by Siren (SIREN) with a 66% drop and LiquidLaunch (LIQD) at -47.4% as the momentum cools.
Conclusion
This week, cryptocurrency has caused chaos again – huge profits, heavy losses, and constant fluctuations that make traders guess and speculate.
Therefore, investors need to research thoroughly before participating. Always stay alert, trade smartly, and surf wisely!
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