| Bitcoin Remains Calm After Geopolitical Shockwaves Bitcoin briefly plunged below $103K after Israel attacked Iran but quickly rebounded above $105K, showing resilience despite Iran’s retaliation. The flagship crypto had started the week strong, hitting $110K, buoyed by positive U.S.-China trade news and CPI data, but lost momentum midweek. Analysts see BTC holding above $100K as bullish, though risks remain if that level breaks. Market dominance is strong at 61.5%, with a cap nearing $2.1T. Altcoins are recovering; HYPE leads with an 8% gain. The total crypto market cap is back to $3.4T, while technical indicators suggest caution amid ongoing geopolitical volatility.
Ethereum ETF Inflows Surpass Bitcoin U.S. spot Ethereum ETFs saw $240.3 million in net inflows on June 12th, surpassing Bitcoin ETFs, which drew $164.5 million the same day. This marked the 18th consecutive day of positive inflows for Ethereum ETFs, led by BlackRock’s ETHA with $163.6 million. Ethereum also overtook Bitcoin in derivatives trading volume, posting $106 billion versus Bitcoin’s $80.5 billion, signaling strong market engagement and bullish sentiment. Lastly, Ethereum’s recent Pectra upgrade has improved scalability and reduced transaction costs, further fueling ETF demand and price growth.
Dogecoin Struggles Amidst Bearish Indicators Dogecoin fell over 5% in the past week, continuing to trade well below $0.25 since February. Technical indicators show a persistent bearish trend. The Ichimoku Cloud shows the price below the cloud, with bearish alignment in the conversion line, baseline, and lagging span. Although the forward cloud is turning green, strong resistance remains. The EMA indicators also reflect weakness, with short-term averages staying under long-term ones. Without a breakout above $0.206, DOGE could retest support at $0.168 or $0.14. However, the BBTrend indicator has risen from -3.14 to 2, suggesting growing buying pressure, though not yet confirming a reversal. Key resistance levels are $0.206, $0.232, and $0.254. Support lies at $0.168 and $0.14. A move above resistance could signal recovery, but failure to gain momentum may push the price lower.
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