Kraken Lists BNB: A Sign of Changing Regulatory Winds in the US?

Hedera (HBAR) is trading dangerously close to the key psychological level of $0.20, with technical indicators flashing mixed signals. The BBTrend has turned slightly positive at 0.97 but continues to struggle to break above the bullish confirmation level of 1, signaling weak momentum.

Meanwhile, the RSI has dropped sharply from near-overbought territory to a neutral 49.58, reflecting fading confidence after Bitcoin’s recent decline. With HBAR hovering at a make-or-break level, traders are watching closely to see whether support holds or if a deeper correction happens.

HBAR BBTrend Turns Positive, But Struggles to Confirm Bullish Momentum

The BBTrend (Bollinger Band Trend) indicator measures the strength and direction of price trends based on how far prices deviate from a moving average within the Bollinger Bands.

Positive values suggest upward momentum and buying strength, while negative values indicate downward pressure. The deeper the value, the stronger the trend, making it useful for spotting breakouts or trend reversals.

When BBTrend hovers near zero, it signals indecision or consolidation, and sustained values above 1 are typically seen as confirmation of a bullish move gaining traction.

HBAR’s current BBTrend reading of 0.97 marks a recovery from its recent bearish phase, where it bottomed at -8.99 on May 19 and remained negative through May 22.

This return to positive territory suggests momentum is attempting to shift in Hedera’s favor, but the inability to hold above 1 points to fragile bullish conviction.

While the reading reflects an improving trend, it also highlights hesitation from buyers, indicating that HBAR may remain range-bound unless stronger momentum emerges.

Hedera RSI Drops to Neutral Zone Amid BTC-Driven Sell-Off

Hedera’s Relative Strength Index (RSI) has dropped to 49.58, falling sharply from 69.91 just a day earlier.

This sudden shift reflects a clear loss of buying momentum, as broader market sentiment turned risk-off following Bitcoin’s 3% drop in response to Donald Trump’s threat of imposing a 50% tariff on the European Union.

The RSI’s decline highlights how quickly investor confidence in HBAR faded alongside BTC’s pullback, pulling the token back into neutral territory after nearly touching overbought conditions.

The RSI is a momentum indicator that measures the magnitude of recent price changes to evaluate whether an asset is overbought or oversold.

It ranges from 0 to 100, with levels above 70 typically signaling overbought conditions and potential for a pullback, while values below 30 suggest oversold conditions and potential for a rebound.

With HBAR’s RSI now sitting near the midline, the token lacks a clear trend, indicating indecision among traders. For momentum to return, HBAR would need either renewed bullish sentiment or broader market stabilization—particularly from Bitcoin.

HBAR Nears $0.20 Breakdown — Key Support Levels in Focus

Hedera price is currently at a critical technical juncture, hovering just above the psychological level of $0.20. If bearish momentum persists, the token is at risk of breaking below this level and could slide toward the next support at $0.192.

A breach there would expose further downside to $0.184, potentially accelerating short-term selling pressure.

This scenario reflects broader weakness in the crypto market, particularly after Bitcoin’s recent pullback.

However, if sentiment stabilizes and HBAR reverses course, the first resistance to watch is at $0.209. A successful breakout above this level could open the door to a move toward $0.228, a zone that would likely require strong volume and broader market support to reclaim.

The post Hedera (HBAR) Tests $0.20 Support as Momentum Wanes appeared first on BeInCrypto.

As the SEC is signaling its willingness to approve new altcoin ETFs, 72 active proposals are awaiting a nod. Despite the growing interest from asset managers to launch more altcoin-based products in the institutional market, Bitcoin ETFs currently command 90% of crypto fund assets worldwide.

New listings can attract inflows and liquidity in these tokens, as demonstrated by Ethereum’s approval of ETF options. Still, given the current market interest, it’s highly unlikely that any crypto found will replicate Bitcoin’s runaway success in the ETF market

Bitcoin Dominates the ETF Market

Bitcoin ETFs dramatically changed the global digital assets market over the past month, and they are performing quite well at the moment. In the US, total net assets have reached $94.5 billion, despite continuous outflows in the past few months.

Their impressive early success opened a new market for crypto-related assets, and issuers have been flooding the SEC with new applications since.

This flood has been so intense that there are currently 72 active proposals for the SEC’s consideration:

“There are now 72 crypto-related ETFs sitting with the SEC awaiting approval to list or list options. Everything from XRP, Litecoin and Solana to Penguins, Doge and 2x MELANIA and everything in between. Gonna be a wild year,” claimed ETF analyst Eric Balchunas.

The US regulatory environment has become much friendlier toward crypto, and the SEC is signaling its willingness to approve new products. Many ETF issuers are attempting to seize the opportunity to create a product as successful as Bitcoin.

However, Bitcoin has a sizable head start, and it’s difficult to imagine any newcomer disrupting its 90% market share.

To put that into perspective, BlackRock’s Bitcoin ETF was declared “the greatest launch in ETF history.” Any new altcoin product would need a significant value-add to encroach upon Bitcoin’s position.

Recent products like Ethereum ETF options have attracted fresh liquidity. Yet, Bitcoin’s dominance in the institutional market remains unchanged.

Of these 72 proposals, only 23 refer to altcoins other than Solana, XRP, or Litecoin, and many more concern new derivatives on existing ETFs.

Some analysts claim that these products, taken together, couldn’t displace more than 5-10% of Bitcoin’s ETF market dominance. If an event significantly disrupted Bitcoin, it would also impact the rest of crypto.

Still, that doesn’t mean that the altcoins ETFs are a futile endeavor. These products have continually created new inflows and interest in their underlying assets, especially with issuers acquiring token stockpiles.

However, it’s important to be realistic. While XRP and Solana ETF approvals could drive new bullish cycles for the altcoin market, Bitcoin will likely dominate the ETF market by a large margin — given its widespread recognition as a ‘store of value’.

The post 72 Crypto ETFs are Up for Approval, But Bitcoin Holds 90% Of Fund Investments appeared first on BeInCrypto.

Crypto exchange and motorsport collide as Bitget officially becomes the regional partner for selected Grand Prix events in 2025

Scarperia e San Piero, Italy, 21 June 2025—Bitget, the leading cryptocurrency exchange and Web3 company, is teaming up with MotoGP, the highest class of motorcycle road racing events, in a high-octane partnership that merges the breakneck speed of racing with the high-stakes precision of crypto trading. As the newly minted Regional Partner for select Grand Prix events across Europe and Southeast Asia, Bitget is bringing crypto onto the track, and into the fast lane.

Kicking off at the iconic Mugello Circuit during the Italian Grand Prix, the collaboration marks a new era where precision engineering meets algorithmic agility, and where every second, like every trade, has the power to make it count.

Bitget’s partnership will speed across multiple marquee MotoGP events in 2025, including Italy, Germany, Spain, and Indonesia, bringing together fans of motorsport and crypto under one roaring banner of performance, resilience, and speed.

“Racing is a sport of milliseconds; crypto is a market of micro-decisions. This partnership is our way of showing the world that success — on the track or on the charts — comes down to smart moves and fearless execution,” said Gracy Chen, CEO at Bitget. “We’re excited to join MotoGP in putting power, precision, and potential into the hands of every user and every fan.”

At the heart of the campaign is three-time MotoGP World Champion Jorge Lorenzo, whose relentless pursuit of perfection makes him a fitting icon for Bitget’s iconic “Make It Count” slogan. 

“I’ve always believed that you win races not just on instinct — but by making every lap, every line, every second count. It’s the same mindset Bitget brings to trading, and I’m proud to be part of this story,” said Jorge Lorenzo. “The worlds of MotoGP and crypto aren’t as different as they seem — they both reward those who stay sharp and think fast.”

The campaign features trackside activations, exclusive VIP experiences, and a series of cross-platform digital initiatives. At Mugello, KOLs and media will get behind-the-scenes access to the paddock and rider interactions, blending all the high-octane energy of race weekend, wrapped in a sleek, Bitget-branded experience.

“MotoGP is built on precision, innovation, and high-speed decisions — values that align naturally with Bitget,” agreed MotoGP CCO, Dan Rossomondo.

This collaboration follows Bitget’s headline partnerships with Lionel Messi, Juventus, and LALIGA, reinforcing its track record in bridging the gap between crypto and culture. With over 120 million users globally and a daily trading volume topping $20 billion, Bitget continues to shift the narrative from volatility to victory.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices.

Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

About MotoGP

Faster. Forward. Fearless. Since 1949, MotoGP has grown into a global sports and entertainment brand with an incredible legacy and an even more exciting future. Each season, the greatest riders from across the globe come together to race the fastest prototype motorcycles on some of the world’s greatest racetracks – creating the most exciting sport on Earth.

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