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Bitcoin Price Struggles Below $100K but These Altcoins Outperform (Market Watch)

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The most recent price action of Bitcoin and the broader cryptocurrency markets reflects the disappointment in the most recent press conference held by the crypto and AI czar in the US – David Sacks. Markets are shaky and unconvincing, clearly suggesting that investors were expecting something more.

Bitcoin Price Struggles Below $100K

After recovering above the pivotal psychological and, to some extent – technical level of $100,000, Bitcoin’s price tumbled yesterday. The buyers were unable to defend this point, allowing the bears to take control and push it down to where it currently trades below $98,000. This reflects a decrease of around 1.4% over the past 24 hours.

Source: TradingView

That said, there’s a clear reason for the decline. The drop coincided with the press conference held by the US crypto and AI czar under Trump’s administration – David Sacks. Speaking for the first time since he was elected, Sacks shed some light on their future plans concerning crypto, and it appears that investors were disappointed. Many expected the confirmation of a Bitcoin-only strategic reserve, while the politicians said they are currently exploring both options – a single-asset reserve and a “digital asset” stockpile- as President Trump has tasked them to explore the feasibility of both.

Moreover, Sacks said their very first priority would be on regulating stablecoins and that he expects laws to pass Congress in six months.

Politics aside, Bitcoin’s dominance – the metric used to gauge its share relative to that of the rest of the market – is currently at a 4-year high, standing tall at 58%.

Some Altcoins Soar

Building on the above, the fact that Bitcoin’s dominance is that high simply means that altcoins are failing to keep up. This can be clearly observed in their weekly performance.

Source: Quantify Crypto

While Bitcoin is down 4.2% on the week, Ethereum is down by 11%, XRP – by 18%, Solana – by 11%, BNB – 14%, DOGE – by 19%, and so forth – you get the gist.

Of course, this doesn’t mean there are no exceptions. On a daily basis, TRUMP – the official token launched by the US President – soared by 10% today, while AAVE, ARB, and SUI are all charting gains of around 5-6%.

Meanwhile, on a weekly scale, Mantra (OM) is up by 26%, while Hyperliquid’s HYPE is up by about 13%.

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Cryptocurrency charts by TradingView.

Cryptocurrency

Ripple (XRP) Price Predictions, Recent Cardano (ADA) Developments, and More: Bits Recap June 13

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TL;DR

  • ADA is down for the day, but essential developments, such as whale purchases and ecosystem progress, can have a positive impact on the price.
  • XRP trades near $2.14, with bullish targets ranging from $2.80 to $10, while Ripple’s case versus the US SEC nears resolution.
  • ETH fell back to around $2,500. Analysts remain cautiously bullish, noting that $2,380 is a crucial support zone.

What’s New Around ADA?

Cardano’s native token suffered the negative consequences of the geopolitical tension caused by the conflict between Israel and Iran, with its price plunging by over 7% in the last 24 hours and currently trading at around $0.63.

ADA Price
ADA Price, Source: CoinGecko

Some prominent analysts on X took notice of the decline, warning that a further plunge could be incoming. Nebraskangooner, for instance, claimed that “the head and shoulders” price pattern is “potentially breaking down,” suggesting this could lead to a correction below $0.50.

However, some important developments that took place earlier this week indicate that all hope isn’t lost for the bulls. On June 10, Ali Martinez revealed that Cardano whales (those holders having between 100 million and 1 billion tokens) bought 120 million ADA in the span of just 48 hours. Back then, the USD equivalent of the stash was approximately $85 million.

Another bullish factor is the development of the Cardano ecosystem. A few days ago, the project’s founder, Charles Hoskinson, announced Cardinalthe first Bitcoin DeFi protocol on Cardano, which allows people to use BTC for staking and lending on the platform, with no custody required. 

XRP’s Price Targets

Ripple’s cross-border token was also hit by the latest correction. It currently trades at roughly $2.14, representing a 5% decline on a daily scale.

XRP Price
XRP Price, Source: CoinGecko

X user CRYPTOWZRD noted that XRP’s performance is similar to other major altcoins, arguing that “anything is possible from this level.” 

The analyst said the main daily support target is $2, claiming a bullish reversal to the $2.80 resistance level isn’t completely out of the question. However, it will heavily depend on a breakout above the daily lower high trend line. 

Another industry participant who has recently touched upon the matter is the X user Cobb. Earlier this week, the analyst forecasted that XRP’s next leg “is going to be brutal,” suggesting the price could exceed a staggering $10 per coin. 

Meanwhile, it appears that Ripple and the US Securities and Exchange Commission (SEC) are nearing an official resolution of their court dispute. Some experts, though, believe the eventual conclusion of the legal battle is unlikely to trigger any substantial volatility for XRP. 

How About ETH?

The price of the second-largest cryptocurrency surged to nearly $2,900 on June 11, marking the highest level since February. Currently, though, it is worth around $2,500, representing a 13% decline from the local top.

ETH Price
ETH Price, Source: CoinGecko

Despite the downtrend, multiple market observers remain optimistic that Ethereum (ETH) is poised to reach significant peaks, and “no war can stop it.”

The X user DevKhabib also chipped in, claiming that ETH “is still in a good area” despite the ongoing unfavorable conditions. The trader, though, expressed concerns about a potential plunge below $2,380, saying it has proven to be strong support for now. 

Earlier this week, Ali Martinez opined that investors should turn bullish only after a sustained close above $2,750. Failing that, he projected a potential drop toward $2,500 or possibly as low as $2,380.

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Trump Urges Iran to Sign Nuclear Deal Before ‘There’s Nothing Left:’ How Will BTC Price React?

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US President Donald Trump said he urged the Iranian authorities to sign the nuclear deal; otherwise, the situation might escalate.

BTC’s price has already experienced substantial volatility after the initial Israeli missile strikes against Iran, but has recovered some ground and now stands close to $105,000.

Trump said on his own social media platform that he “gave Iran chance after chance to make a deal. I told them, in the strongest words, to “just do it,” but no matter how hard they tried, no matter how close they got, they just couldn’t get it done.”

The POTUS blamed it on a certain “Iranian hardliner” who spoke “bravely,” but noted that all of the top military personnel are now dead. Consequently, Trump urged the nation’s leaders to sign the nuclear deal once again, or the situation could worsen.

“The United States makes the best and most lethal military equipment anywhere in the World, BY FAR, and that Israel has a lot of it, with much more to come – And they know how to use it.”

He warned that the next planned attacks will be even more brutal and Iran should make a deal before “there is nothing left, and save what was once known as the Iranian Empire.”

Israel’s strike earlier this morning led to immediate price volatility across all financial sectors. While oil went up, the ever-volatile crypto market plunged, with BTC dumping below $103,000 for the first time since last Friday.

However, the asset has recovered some ground and now stands close to $105,000. Investors should be aware that more volatility is likely to follow if the tension between the US, Iran, and Israel further escalates.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView
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Crypto Price Analysis June-13: ETH, XRP, ADA, SOL, and HYPE

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This week, we examine Ethereum, Ripple, Cardano, Solana, and Hype in greater detail.

Ethereum (ETH)

Ethereum began the week on a strong footing by testing the $2,800 resistance following a 10% rally. However, this suddenly came to a stop in the past 24 hours after Israel bombed Iran. The geopolitical tension pushed the whole crypto market down, and ETH erased much of its recent gains, closing the week with a modest 1% gain.

The price briefly visited the $2,400 support during its recent drop and is hovering around $2,500 at the time of this post. Hopefully, buyers will defend this support level as a breakdown here could open the way to $2,000 next.

With the market on edge due to the geopolitical context, volatility could continue to be high. So far, ETH has made a higher low, and on Wednesday, it made a higher high. This supports a bullish bias as long as the key support holds.

ETHUSDT_2025-06-13_17-13-30
Chart by TradingView

Ripple (XRP)

XRP reversed on Monday and turned bearish when it was rejected at the $2.3 resistance. With sellers taking back control, the last four daily candles closed in red, which brought the price back to the $2 support. This is why XRP closed the week in red with a 1% loss.

While this is not too concerning, the support at $2 has to hold if this cryptocurrency hopes to make higher highs later. The current momentum is bearish, but due to the low volume, sellers don’t seem interested in doing much more at this time.

Looking ahead, this cryptocurrency remains stuck in a tight range with low volatility. This has been ongoing for months, and there has been no decisive breakthrough to date. This is likely to continue to suppress the price.

XRPUSDT_2025-06-13_17-14-17
Chart by TradingView

Cardano (ADA)

ADA tried to distance itself from the $0.64 support, but in the past three days, sellers brought it back to this key level, closing the week with a 2% loss.

Ит struggled throughout May and June, and it has not been much better to date. This supports a bearish bias with momentum favoring sellers at this time. The daily MACD also turned bearish today which could put in danger the current support.

Looking ahead, if Cardano can’t hold its price above $0.64, then it could revisit $0.5 in the near future. This is a level where buyers returned in the past. Hopefully, they do it again if the key support is lost.

ADAUSDT_2025-06-13_17-13-55
Chart by TradingView

Solana (SOL)

Solana gave market participants a brief excitement when its price moved above $152, which used to act as a resistance. However, that did not last, and in the past three days, sellers returned and pushed it under $150.

With a lower low confirmed, the downtrend for Solana is likely to continue. If so, the next major support levels will be found at $130 and $118. The momentum indicators, such as the daily MACD and RSI, also remain bearish at this time.

If nothing changes in the days to come, which is unlikely considering the wider market context, then SOL has a good chance to revisit $130. This is a level that could attract buyers and lead it into a relief bounce.

SOLUSDT_2025-06-13_17-15-04
Chart by TradingView

Hype (HYPE)

HYPE made waves in the past few months, and this week is no different. It made a new all-time high at $44 and closed this week with a 15% gain. This makes it the best performer on our list and across most of the market.

This achievement also got HYPE next to ADA in terms of market cap on sites such as CoinMarketCap. If this performance continues, HYPE is well placed to challenge ADA or even TRX and DOGE in the future.

Looking ahead, HYPE remains in a clear uptrend with key resistances at $41 and $44, at the time of this post. The support level is found at $38, and the price bounced on it during its most recent pullback. If the rally continues, then expect new record prices in the future.

HYPEUSDT_2025-06-13_17-19-59
Chart by TradingView
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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