Kategorie: Crypto Analysis

Key takeaways

• BCH has outperformed other major coins this week, up nearly 20%.
• The coin could hit the $500 mark heading into a historically bullish Q3.

Bitcoin Cash defies market conditions, surges 20% this week

BCH, the native coin of the Bitcoin Cash ecosystem, has been one of the best performers this week. It had outperformed Bitcoin and other major cryptocurrencies, adding nearly 20% to its value over the last seven days.

This latest development comes amid growing conflict in the Middle East. The ongoing conflict between Iran and Israel has negatively affected Bitcoin, Ether, and other major cryptocurrencies. BTC had failed to create a new all-time high after hitting the $111k level earlier this month.

However, Bitcoin Cash is benefiting from capital rotation into mid-cap cryptocurrencies. Bitcoin Cash shows signs of institutional interest due to its scaling simplicity and fast settlement times.

At press time, the price of Bitcoin Cash stands at $492, up 7% in the last 24 hours, making it the best performer among the top 20 cryptocurrencies by market cap.

BCH eyes $500 amid strong fundamentals and technicals

BCH has surpassed SUI to become the 12th-largest cryptocurrency by market cap and could soon overtake HYPE if the rally is sustained. The cryptocurrency’s price could soon surpass the $500 psychological level if the bulls remain in control.

With a historically bullish third quarter, analysts expect BCH to rally higher over the coming days and weeks.

The technical indicators are extremely bullish, and BCH could rally higher in the near term. The MCD is currently in the positive zone, indicating that the bulls are in control of the market. The relative strength index (RSI) of 68 also shows that BCH is currently overbought and could face further buying pressure.

If the bulls remain in control, BCH’s price could rally towards the next major resistance level around $615. BCH is down 88% from the all-time high price of $4,355 it reached seven years ago.

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Key takeaways

• Tron’s TRX is the best performer among the top 10 cryptocurrencies, up 1% in the last 24 hours.
• TRX could surge towards $0.29 on strong technicals.

TRX defies broader crypto market conditions

TRX, the native coin of the Tron ecosystem, is the best performer among the top 10 cryptocurrencies by market cap this week. While other top cryptos are down 3% or more this week, TRX added 1% to its value during that period.

The coin’s positive performance this week can be attributed to Tron revealing plans to go public in the United States via a reverse merger in a deal led by a Trump-linked bank.

SRM Entertainment, a Nasdaq-listed merchandise supplier, will raise $100 million from a private investor to buy TRON tokens. Furthermore, the company will issue preferred shares and warrants that value the deal at up to $210 million.

The company will purchase TRX tokens as part of its strategy, similar to the Bitcoin method adopted by Strategy and Metaplanet. This strong fundamental has supported TRX’s price this week amid bearish market conditions.

TRX could surge towards the $0.2924 resistance level

TRX’s technical indicators are promising and signal further upward movement. At press time, the price of TRX stands at $0.2744. However, it could rally towards the $0.02924 resistance level in the near term.

The Moving Average Convergence Divergence (MACD) indicator is heading into the positive zone, indicating that the bulls are currently in control. TRX also has a relative strength index (RSI) of 50, which is currently higher than other major cryptocurrencies, indicating bullish strength.

TRX’s price sits well above the 50-day and 100-day Exponential Moving Averages, showing that buyers are firmly in charge. The coin has also begun to print a classic cup-and-handle shape on the daily chart. This pattern usually indicates a bullish continuation signal and could see TRX record excellent gains in the near to medium term.

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Key takeaways

• SOL has failed to push above the 20-day EMA and could now test the $140 support level.
• If the bulls fail to defend the $140 support, SOL could dip further towards $123 in the short term.

SOL dips 1% amid broader bearish performance

This has been a net negative week for the cryptocurrency so far. The ongoing Middle East crisis has wiped out billions of dollars from the crypto market over the past few days, and more downward correction is expected.

One of the worst performers among the top 10 cryptocurrencies by market cap is Solana (SOL). The coin has lost 8% of its value over the last seven days and could face further downward movement, fueled by market fundamentals and technical signals.

The bearish performance coincides with Bitcoin and other major cryptocurrencies underperforming. If the Israel-Iran conflict continues, SOL could record further losses in the coming days.

The neutral interest rate decision by the U.S. Federal Reserve on Wednesday also didn’t help SOL and other major cryptocurrencies.

Bears target the $140 support level

So far, the bulls have done an excellent job in defending SOL’s price around the $145 level. However, the cryptocurrency’s price action remains bearish and could test the $140 support level in the coming hours or days.

Buyers pushed SOL above the 20-day EMA ($154) earlier this week. However, they couldn’t clear the 50-day SMA ($160) hurdle. This resulted in the bears pushing the price down towards the critical $140 support level.

If the $140 level fails to hold, the SOL/USDT pair will complete a bearish H&S pattern and could eventually drop to the next support levels at $123 and $110. The RSI at 42 indicates that SOL is edging into the oversold territory.

However, if the bulls regain control and push the price above the 50-day SMA, it suggests strong buying near $140. SOL going above the 50-day SMA could keep the price between $140 and $185 for a while. The market will switch bullish once SOL closes above the $185 psychological level.

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Key takeaways

• BTC continues to trade above the $104k level despite the ongoing Middle East crisis.
• The U.S. Federal Reserve left interest rates unchanged but expects inflation to decline in the coming months.

Federal Reserve leaves interest rates unchanged

The major financial news of the week took place on Wednesday, with the FOMC confirming what many analysts already predicted. The U.S. Federal Reserve kept its key borrowing rate targeted in a range between 4.25%-4.5%, where it has been since December.

Despite that, the apex bank stated that it expects inflation to remain elevated and sees lower economic growth ahead. Furthermore, the Fed expects to make two rate reductions later this year, as previously stated.

Bitcoin, the leading cryptocurrency by market cap, didn’t react to this news as the market had already priced it in. However, Bitcoin could rally higher in the near term as traders anticipate two rate cuts before the end of the year. At press time, the price of Bitcoin continues to trade around $104,700. 

BTC could rally towards $106k amid improved technicals

The market fundamentals continue to be poor, with the United States now increasingly involved in the ongoing conflict between Iran and Israel. However, technical indicators favour a short-term rally for the world’s leading cryptocurrency.

BTC surged above the 20-day exponential moving average ($105,851) on Monday. However, the bulls failed to sustain the higher level, and it dropped to the 50-day SMA on Tuesday.

The relative strength index (RSI) is approaching the midpoint, signalling a possible rally in the near term. If Bitcoin breaks above the 20-day EMA in the short term, it could rally higher towards a new all-time high at $112k.

However, if the bears remain in control and push the price below the 50-day SMA, the BTC/USDT pair could plunge to $100,000. Bulls will likely defend the $100k psychological level, as any drop below that could see Bitcoin test the $93k support level.

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• Over 50% of some crypto protocol volumes involve stolen funds.
• $2.1 billion stolen via crypto hacks so far in 2025.
• Tron blockchain “Black U” market worth up to $10 billion.

The crypto industry is facing a fresh wave of crime, driven by a rise in politically backed meme coins and legal loopholes that continue to shield malicious actors.

Blockchain investigator ZachXBT, known for tracking on-chain fraud, warned in a recent post on X that crypto-related crimes have entered a “supercycle”, with fraudulent activities becoming more sophisticated and widespread.

His comments come amid a broader industry reckoning, as high-value hacks, phishing schemes, and the misuse of decentralised protocols threaten to undermine trust in the space.

Outdated court rulings and unchecked influencers add to the problem

According to ZachXBT, one of the major reasons behind the crime surge is the way courts continue to side with exploiters of smart contracts due to obsolete legal frameworks.

In many cases, those who manipulate decentralised systems walk free because judges interpret code-based exploits as fair use rather than theft.

He also highlighted the role of influencers and key opinion leaders (KOLs) who promote fraudulent crypto projects without facing any consequences.

In jurisdictions where failing to disclose paid advertisements is illegal, enforcement remains weak or non-existent.

ZachXBT estimated that regulators could have made between $50 million and $100 million in fines over the years by holding such individuals and projects accountable.

In a tweet, he remarked that “if you ever wanted the opportunity to extract from the industry, there’s not been much of a better time,” referencing the sense of lawlessness currently dominating the ecosystem.

He added that over half of all transaction volume in certain protocols involves stolen funds, and yet teams continue to collect fees without scrutiny.

Criminals exploit blockchain transparency and weak oversight

While blockchain technology allows for full transaction transparency, which helps trace illicit funds, ZachXBT said that it also enables crime by giving bad actors insight into network activity and vulnerabilities.

North Korean-linked groups such as Lazarus have allegedly taken advantage of this.

ZachXBT suggested that laundering groups and OTC brokers have successfully processed stolen funds from platforms like Bybit, DMM Bitcoin, and WazirX.

These operations often go undetected for extended periods due to the volume and complexity of transactions involved.

He also claimed that a shadow market, dubbed “Black U,” has emerged on the Tron blockchain, with an estimated value between $5 billion and $10 billion.

Much of this activity is suspected to involve laundering operations that are difficult to track despite blockchain records.

Losses continue to mount across the industry in 2025

ZachXBT’s warning coincides with mounting evidence of damage. According to blockchain security firm CertiK, more than $2.1 billion has been lost to crypto attacks in 2025 so far.

In May alone, cybersecurity company PeckShield reported 20 significant crypto hacks amounting to $244.1 million in stolen assets.

Although this marks a 39.29% decrease from April, the scale of ongoing theft remains alarming.

The recent rise in data leaks has further exposed user vulnerabilities, highlighting the need for stronger protections.

ZachXBT concluded his remarks by questioning whether systemic change would only occur after large-scale losses force regulators to act.

For now, the combination of speculative mania, regulatory gaps, and unchecked promotion continues to create a fertile environment for crypto-related crime.

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