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The crypto market remains directionless, with mixed signals causing many altcoins to move sideways or decline. However, as June begins, bullish optimism grows around Bitcoin potentially reaching a new all-time high. 

BeInCrypto has analyzed three altcoins for investors to watch—those likely to capitalize on Bitcoin’s momentum or forge their own path.

Quant (QNT)

QNT has experienced a moderately bullish week, maintaining its position above the $101 support while currently trading at $104. This steady performance signals growing investor confidence, although no significant price increase has been noted yet.

The emergence of a Golden Cross, with the 50-day EMA crossing above the 200-day EMA, suggests QNT could push toward $111. Successfully flipping this resistance into support would confirm a positive trend for the altcoin and attract further buying interest.

Despite bullish signs, the risk of profit-taking remains. If investors begin selling, QNT could drop below the $101 support, potentially falling to $89. Such a move would invalidate the current bullish outlook and signal caution among traders.

SPX6900 (SPX)

SPX6900 stands out as one of the few meme coins avoiding sharp declines recently, trading steadily at $0.97 near the key $1.00 level. This stability suggests investor confidence as the coin holds its ground despite broader market fluctuations.

The RSI’s move into the bullish zone, after retreating from overbought levels, signals renewed buying momentum. This shift could help SPX6900 secure $1.00 as a strong support, potentially propelling it upward toward $1.23 and continuing its upward trend.

However, if investors decide to sell, SPX6900 may struggle to maintain its bullish momentum. A sell-off could push the price down to $0.81 or lower, which would invalidate the current positive outlook and indicate increased selling pressure.

Monero (XMR)

XMR dropped 22% last week after a strong May performance but gained 7% in the last 24 hours, trading at $347 near the $348 resistance. This recent rise hints at renewed buying interest despite previous losses.

XMR’s strong 0.81 correlation with Bitcoin allows it to mirror BTC’s rallies. If Bitcoin reaches a new all-time high, the altcoin could flip $348 into support and push towards $418, benefiting from the crypto king’s momentum.

However, bearish conditions or selling pressure on BTC or XMR could lead to a decline below the $325 support. A drop to $300 would invalidate the current bullish outlook, signaling potential further downside risk.

The post 3 Altcoins to Watch in the First Week of June 2025 appeared first on BeInCrypto.

Tether minted $1 billion in USDT on the Tron network today, bringing its total minted tokens since January to 12 billion. This reflects growing demand for crypto and could signal bullishness.

Previously, major stablecoin issuances have led to a bullish cycle. With fresh inflows, the market sentiment is trending towards Greed, and Tether may facilitate more bullishness.

Tether’s Major USDT Minting

Tether, the world’s largest stablecoin network, has been steadily minting USDT tokens for the past few months. It minted 19 billion in a spree between November and December last year and added another billion less than a week later.

Today, Tether’s new action on Tron could have a powerful impact on the market.

This new USDT minting could have broad market implications for a few reasons. Major net issuances often reflect growing demand from institutions and OTC desks that need large blocks of stablecoins for cross-border settlements or build-up before buying digital assets.

For example, when it issued 1 billion USDT a little over a year ago, this caused Bitcoin’s price to spike.

In isolation, this single issuance could push the needle in a bullish direction. However, since Lookonchain data shows a pattern of major mintings, Tether could spur a lot of optimism.

Despite recently hitting a three-year low, the Crypto Fear and Greed Index has been trending upward. It’s currently in Neutral but briefly exhibited Greed yesterday.

In other words, the market is primed to accept a bullish signal, and Tether’s major minting may provide it.

Still, not every mint equates to immediate market deployment. True bullish pressure arrives only when those new USDT hit exchange wallets. Luckily, that seems like a very achievable goal.

Tether has a long history of using Tron’s blockchain for USDT mintings, and the two firms enjoy active cooperation today. Hopefully, this will help ensure these new tokens quickly reach exchanges and the broader market.

If so, Tether could aid a preexisting trend of fresh inflows to the crypto sector.

The post Tether’s $1 Billion USDT Mint Fuels Bull Run Optimism appeared first on BeInCrypto.