Crypto Price Analysis 6-26: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, DOGECOIN: DOGE, POLKADOT: DOT, FILECOIN: FIL

The crypto market continued to push higher as Bitcoin (BTC) and other cryptocurrencies traded in positive territory. BTC consolidated above $107,000, briefly rising to $108,000 before declining to current levels. The flagship cryptocurrency is up nearly 2% over the past 24 hours, trading around $107,885. Meanwhile, Ethereum (ETH) is up almost 2% as it looks to reclaim $2,500. The world’s second-largest cryptocurrency is trading around $2,480. Ripple (XRP) is up nearly 1%, trading around $2.19, while Solana (SOL) is marginally up, trading around $145. Dogecoin (DOGE) has not registered much movement over the past 24 hours, while Cardano (ADA) is up over 2%, trading around $0.571. Chainlink (LINK) , Stellar (XLM) , Toncoin (TON) , Hedera (HBAR) , and Polkadot (DOT) also registered notable declines. However, Litecoin (LTC) bucked the bearish trend to trade marginally higher. US Home Loan Regulator May Recognize Crypto Assets US home mortgage purchasers Fannie Mae and Freddie Mac will consider cryptocurrencies as assets during risk assessments for single-family loans. This is a significant step in the mainstream acceptance of crypto under the Trump administration. William J. Pulte, Director of the Federal Housing Finance Agency (FHFA), issued the new directive on Wednesday. The FHFA also regulates both government-sponsored enterprises. The decision means crypto will be considered a reserve asset for borrowers without converting them into US Dollars. The FHFA has been in charge of Fannie Mae and Freddie Mac since 2008 when both were placed under government conservatorship after the financial crisis. According to Pulte, the decision to include crypto in the mortgage risk assessment came after significant deliberations and studies. It aligns with President Trump’s goal to make the US the crypto capital of the world. Fannie Mae and Freddie Mac have played a crucial role in the US housing market since the subprime mortgage crisis, providing liquidity and stability by purchasing mortgages from lenders, enabling them to issue more loans. Crypto.com Secures Insurance For US Custody Platform Crypto.com has announced that it has secured $120 million in insurance coverage for assets held in the Crypto.com custody trust. According to the official announcement, Aon, a London-based insurance company, arranged the insurance cover. The company worked with underwriters via Lloyd’s of London to assess the platform’s risk management. Crypto.com’s Custody Trust Company offers digital asset custody solutions for institutions based in North America. The insurance plan aims to protect eligible customers from crime and theft. Joe Anzures, president of Crypto.com Custody Trust Company, stated, “We built Crypto.com on a foundation of safety and security. Our insurance policy arranged by Aon for assets within Crypto.com Custody Trust Company is the latest example of our efforts to safeguard our customers and provide a best-in-class offering our clients can be reassured by.” According to sources, the insurance coverage includes the first quarter of 2025. Around $100 million is for physical loss, theft, or damage to customer assets held in cold storage. The remaining $20 million will cover third-party theft and other criminal incidents. Kalshi Raises $185M At $2B Valuation Prediction market Kalshi has reportedly raised $185 million in a funding round that values the company at $2 billion. The funding round was led by crypto investment firm Paradigm and also saw participation from Sequoia Capital, Multicoin Capital, and others. Kalshi CEO and co-founder Tarek Mansour said the company will use the funding to expand its technology team and integrate its prediction contracts with more brokerage platforms. Currently, Kalshi contracts are only available through Webull and Robinhood. Prediction markets like Kalshi and Polymarket have gained traction recently, emerging as an alternative to traditional polling. Proponents have argued that prediction markets offer more accuracy by aggregating the collective expectations of all participants. Kalshi’s latest fundraising comes amid reports that its closest competitor, Polymarket, is expected to close a $200 million funding round that values it at $1 billion. Coinbase Stock Rallies To 52-Week High Coinbase (COIN) surged to a 52-week high after Bernstein analysts called the company a “one-stop Amazon” of crypto services. COIN shares gained over 3% in the past 24 hours to reach within touching distance of its record close of $357.39. Bernstein analysts raised their price target from $310 to $510, giving the stock an Outperform rating. Bernstein analyst Gautam Chhugani stated, “Coinbase is the most misunderstood company in our Crypto coverage universe. COIN has also added several fast-growing businesses such as institutional custody, Base blockchain services, and Prime lending desk, emerging as the ‘Amazon of crypto financial services’, offering crypto financial services beyond simple trading.” Coinbase is the only crypto firm in the S&P 500 and dominates US crypto trading. It also operates the largest stablecoin business among all crypto exchanges and is the custodian for the underlying assets of most US spot Bitcoin ETFs. “Coinbase’s market share has been persistent despite new competition. Traditional brokerage competition is several months away from launch, which is an eternity on crypto timelines.” Bitcoin (BTC) Price Analysis Bitcoin (BTC) extended its gains for a fourth consecutive day as it consolidated around $107,000. The flagship cryptocurrency is marginally up during the ongoing session, with the price up 0.34%. Analysts believe BTC’s current price action favors a push to $110,000 after it broke through a key resistance level. The price registered an increase of 1.18% Wednesday to reclaim $107,000 and move to $107,393. BTC’s rebound comes amid a dovish stance by the Federal Reserve and the easing of geopolitical tensions, which improved risk sentiment across markets. As a result, BTC reached an intraday high of $108,201 on Wednesday before settling at $107,393, thanks to profit booking at higher levels. Despite the minor drop, sentiment around BTC remains positive. BTC is trading around 3% lower than its all-time high, with analysts expecting continued bullish momentum, which could push the price beyond $110,000. Vikram Subburaj, CEO of Giottus Crypto Platform, stated that markets are showing strength. He also said that open interest suggested a possible squeeze at $110,000 before a reversal. “If a pullback ensues, key levels around $106,000 and $104,000 should offer strong support.” The recent uptick has also seen BTC book year-to-date gains of nearly 15%, making it the top-performing cryptocurrency among the top 5. CoinGlass data shows that BTC short liquidations were in a normal range, with most shorts liquidated on Monday when the price bounced off $110,000. Meanwhile, open interest in BTC futures has climbed to its highest level in over a fortnight, with traders returning to the market. Fed Chair Jerome Powell also testified before Congress that the central bank does not intend to rush a rate cut. However, he reiterated that there will be two rate cuts this year. The confirmation comes after the Trump administration decided against raising tariffs on goods from China and other trading partners. BTC started the previous week in positive territory, reaching an intraday high of $108,939 before losing momentum and settling at $106,808, ultimately registering an increase of 1.18%. Sellers took control on Tuesday as the price fell over 2%, slipping below the 20-day SMA and $105,000 to $104,519. BTC recovered on Wednesday, rising 0.35% to $104,884 before registering a marginal decline on Thursday and settling at $104,631. BTC raced to an intraday high of $106,513 on Friday. However, it lost momentum after reaching this level and dropped 1.19%, slipping below the 50-day SMA and settling at $103,388. Source: TradingView Price action remained bearish on Saturday, falling 1.17% to $102,180, but not before dropping to an intraday low of $100,979. BTC plunged to an intraday low of $98,385 as market sentiment worsened. It recovered from this level to reclaim $100,000 and settle at $100,982. Market sentiment flipped to bullish on Monday after President Trump announced a ceasefire between Israel and Iran. As a result, BTC rallied over 4% to reclaim $105,000 and settle at $105,442. Buyers retained control on Tuesday as the price rose 0.66% to cross the 20 and 50-day SMAs, reclaim $106,000, and settle at $106,138. BTC continued to push higher on Wednesday, rising 1.18% to cross $107,000 and settle at $107,393. The current session sees BTC marginally up, as buyers look to push to $110,000. Ethereum (ETH) Price Analysis Ethereum (ETH) bulls have seized control after a minor wobble on Wednesday led to a decline of 1.25% to $2,419. Analysts believe the world’s second-largest cryptocurrency could reclaim $2,500 if buyers maintain control. However, it must cross $2,550 to confirm a bullish rally. If ETH loses momentum and closes below $2,400, it could decline to $2,200 or lower. Despite Wednesday’s wobble, ETF inflows remained strong. However, ETH is down nearly 2% over the past seven days, indicating traders are skeptical about a push to $3,000. ETH derivatives also suggest reduced demand for leveraged bullish bets. However, ETH’s drop from upper levels has not diminished demand for Ethereum ETFs, which registered inflows of $322 million over the next two weeks. However, CryptoQuant analysts are bullish about ETH, adding that a break above the 50-day EMA could propel the asset to $2,800. If resistance levels are breached, it could push to $4,000. The analysts stated that ETH must consistently close above $2,500 to confirm a breakout. Historical data also shows that ETH has moved sharply after breaking out of similar consolidation goals. Despite a positive outlook, they urged investors to be cautious, highlighting that geopolitical tensions and macroeconomic events could trigger market volatility. ETH started the previous week in the red despite racing to an intraday high of $2,680. It lost momentum after reaching this level and fell to $2,544, ultimately registering a marginal decline. Sellers retained control on Tuesday as the price fell 1.31% to $2,511. Despite the selling pressure, ETH recovered on Wednesday, rising 0.57%, but was back in the red on Thursday, registering a marginal decline and settling at $2,522. Selling pressure intensified on Friday as the price fell nearly 5%, slipping below the 50-day SMA and $2,500 to $2,406. Source: TradingView Sellers retained control on Saturday as ETH fell to an intraday low of $2,215 before settling at $2,296, ultimately registering a drop of 4.56%. ETH plunged to an intraday low of $2,119 on Sunday as market sentiment worsened. However, it recovered from this level to reclaim $2,200 and settle at $2,229, registering a drop of almost 3%. Market sentiment flipped to bullish on Monday after President Trump announced an immediate ceasefire between Israel and Iran. As a result, ETH soared over 8% to reclaim $2,400 and settle at $2,413. Buyers retained control on Tuesday as the price registered an increase of 1.51% and settled at $2,450. However, ETH lost momentum on Wednesday and fell 1.25% to $2,419. Bullish sentiment has returned during the ongoing session, with the price up over 3%, trading around $2,496. Solana (SOL) Price Analysis Solana (SOL) rebounded during the ongoing session, consolidating around $145. The world’s 6th largest cryptocurrency started the week with a strong rally, surging nearly 10% to $144. However, it has struggled to move higher and faces a wall of resistance around $150. However, there is good news for investors as Invesco Galaxy filed for a Solana ETF, meaning the US could get nine Solana ETFs, depending on regulatory approval. Invesco and Galaxy Digital proposed the Invesco Galaxy Solana ETF in a regulatory filing on Wednesday, joining bids from VanEck, Bitwise, and Grayscale. “NEW: @InvescoUS and @galaxyhq just filed for a Solana ETF. That makes nine issuers who have filed for a Solana ETF now.” Approval of the ETFs could send SOL beyond $180 and even $200. SOL raced to an intraday high of $158 on Monday (June 16) as buyers attempted to overwhelm sellers. However, it lost momentum after reaching this level and dropped 1.52% to $150. Selling pressure intensified on Tuesday as SOL dropped over 2%, slipping below $150 and settling at $147. The price declined on Wednesday, falling almost 1% to $146. Despite the overwhelming selling pressure, SOL recovered on Thursday, rising 0.44% after falling to a low of $143 and settling at $147. SOL was back in bearish territory on Friday, dropping nearly 5% to $140, but not before hitting a low of $135. Source: TradingView Price action remained bearish on Saturday as SOL fell over 3% to $135. The price plunged to an intraday low of $126 on Sunday as market sentiment worsened after US airstrikes on Iran. However, it recovered from this level to reclaim $130 and settle at $131. Market sentiment flipped to bullish on Monday after President Trump announced a ceasefire between Israel and Iran. As a result, SOL rallied nearly 10% to cross $140 and settle at $144. Buyers retained control on Tuesday as the price registered an increase of almost 1% to $145. Despite the positive sentiment, SOL lost momentum on Wednesday and fell nearly 2% to $143. Buyers are back in control during the ongoing session, with the price up 1.46%. Buyers will look to retain control and push SOL past $150. The MACD has just flipped to bullish, indicating buyers have the upper hand. Dogecoin (DOGE) Price Analysis Dogecoin (DOGE) started the previous week in the red, dropping 1.31% on Monday and settling at $0.173 after reaching an intraday high of $0.181. The price continued to face volatility and selling pressure on Tuesday, ultimately falling over 2% to $0.169. DOGE plunged to an intraday low of $0.163 on Wednesday. However, it rebounded from this level to register an increase of 0.77% and settle at $0.170. The price was back in the red on Thursday as it registered a marginal decline. Selling pressure intensified on Friday as DOGE fell nearly 5%, slipping below $0.170 and settling at $0.162. Source: TradingView Sellers retained control on Saturday as the price fell almost 5%, slipping below $0.160 and settling at $0.154. Bearish sentiment intensified on Sunday as DOGE plunged to an intraday low of $0.143. However, it rebounded from this level to reclaim $0.150 and settle at $0.151, ultimately registering a drop of 1.81%. DOGE started the current week on a bullish note, rising over 8% to reclaim $0.160 and settle at $0.163. The price continued to push higher on Tuesday, increasing almost 1% to $0.165. DOGE did not register any substantial movement on Wednesday, ending the day rooted at $0.165. The current session sees DOGE marginally up as buyers and sellers struggle to establish control. Polkadot (DOT) Price Analysis Polkadot (DOT) struggled to reclaim $3.50 and push higher despite making a sharp recovery on Monday after spending the previous week in the red. Despite overwhelming selling pressure, DOT traded in positive territory on Monday (June 16), reaching an intraday high of $3.99 before settling at $3.85, ultimately registering an increase of almost 1%. However, DOT lost momentum on Tuesday, falling over 3% to $3.73. Sellers retained control on Wednesday as the price dropped 2.95% to $3.62. DOT continued declining on Thursday, falling 1.66% to $3.56. The price fell to an intraday low of $3.33 on Friday as selling pressure intensified. It recovered from this level to settle at $3.44, registering a drop of 3.37%. Source: TradingView Bearish sentiment persisted on Saturday as DOT fell over 4% and settled at $3.30. DOT plunged to an intraday low of $3.02 as market sentiment worsened. However, it recovered from this level to settle at $3.15, ultimately registering a drop of 4.55%. Market sentiment turned bullish on Monday following the Israel-Iran ceasefire. As a result, DOT rose 8.57% to reclaim $3.40 and settle at $3.42. Buyers retained control on Tuesday as the price registered a marginal increase and settled at $3.44. However, DOT could not push higher on Wednesday as sellers overwhelmed buyers at higher levels and fell 2.33% to $3.36. DOT is marginally up during the ongoing session, trading around $3.37. Buyers will look to retain control and push DOT past $3.50. Filecoin (FIL) Price Analysis Filecoin (FIL) started the week with a substantial rally, rebounding from a low of $1.96 to reclaim $2 and move to $2.25. However, it is struggling to push higher and is consolidating between $2.25 and $2.30. FIL raced to an intraday high of $2.56 on Monday (June 16) as buyers attempted a move past the 20-day SMA. However, it lost momentum after reaching this level and settled at $2.46, registering an increase of 2.30%. Despite the positive start, FIL lost momentum on Tuesday, falling nearly 3% to $2.39. It fell to an intraday low of $2.30 on Wednesday before rebounding and settling at $2.38, ultimately registering a marginal decline. Price action remained bearish on Thursday as FIL fell almost 2% to $2.34. Selling pressure intensified on Friday as FIL dropped over 4%, slipping below $2.30 and settling at $2.24. Source: TradingView Price action remained bearish over the weekend as FIL fell 3.44% to $2.17 on Saturday before plunging to a low of $1.96 on Sunday. However, it rebounded from this level to reclaim $2 and settle at $2.06. Market sentiment flipped to bullish on Monday as FIL rallied over 9% to $2.25. The price continued to push higher on Tuesday, rising 1.33% and settling at $2.28. Despite the bullish start to the week, FIL lost momentum on Wednesday, falling 1.39% to $2.25. The current session sees FIL up almost 1%, trading around $2.27. 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.

Source: Crypto Daily