Several U.S. banking associations are urging federal regulators to reconsider the idea of granting national banking licenses to crypto-related entities. These associations, representing a wide range of financial institutions, have raised concerns about the risks associated with allowing firms like Ripple and Circle to engage in banking activities under a national trust charter. The debate
With Bitcoin gaining momentum, the crypto markets have begun to rise. With the trading volume restricted within a range, the bulls were working hard to maintain a healthy ascending trend. Meanwhile, the SUI price seems to have been failing to gain the investor’s attention as the price levels continue to trade within a range-bound, facing enormous upward pressure.
Now the question arises whether the SUI price will drop to the local support and offer a good entry for new investors or repeat the previous pattern and print a huge bullish candle, rising over 20%.
Recently, the SUI blockchain experienced a major exploit that drained over $200 million from the markets. Besides, Hyperliquid price broke out of the range and formed a new ATH that dragged SUI price below in the crypto rankings, which has been a major setback. In the times when the price is not displaying a possibility of a breakout, the SUI price is now believed to test the local support before the next price action.
The SUI price is stuck within a pivotal range between the resistance zone of $3.73-$3.8 and the support zone of $3.3-$3.23. Currently, the price has dropped to the lower bands of Bollinger, while they have begun to squeeze, which indicates a period of low volatility. However, a squeeze usually results in a breakout and a potential trend reversal. Meanwhile, the price is expected to consolidate a little more to trigger a breakout, and hence, a drop to the support appears to be fast approaching.
On the other hand, the CMF and RSI continue to maintain a steep descending trend, which suggests a drop in the rally strength as well as the money flow into the token. This substantiates the bearish claim of plunging to $3.25, which may erase the selling pressure and pave the way for a strong rebound followed by a healthy ascending trend.
The post Bearish Pressure Mounts Over the SUI Price Rally—Will it Offer a Good Entry Before Smashing $6? appeared first on Coinpedia Fintech News
With Bitcoin gaining momentum, the crypto markets have begun to rise. With the trading volume restricted within a range, the bulls were working hard to maintain a healthy ascending trend. Meanwhile, the SUI price seems to have been failing to gain the investor’s attention as the price levels continue to trade within a range-bound, facing …
Airdrop tokens are under the spotlight as Kadena (KDA), Huma Finance (HUMA), and Sophon (SOPH) face volatile market reactions following their recent distributions.
Kadena kicked off a Galxe campaign with a $55,000 prize pool but remains down 14.4% in the last week. HUMA has dropped over 51% in just three days after its Season 1 airdrop, despite strong investor backing. Meanwhile, SOPH plunged 33% within 24 hours of launch due to a massive token unlock and continues to test key support levels amid high leverage and limited utility.
Kadena (KDA)
Kadena leads the list of top crypto airdrops for the final week of May, raising over $35 million with backing from major investors like Multicoin Capital, CoinFund, and SV Angel.
The project, a Layer 1 Proof-of-Work blockchain focused on scalability, launched a confirmed airdrop campaign through Galxe with a 100,000 KDA prize pool—valued at around $55,000.
Users can participate by completing tasks such as connecting wallets, joining social channels, or holding KDA tokens. The campaign runs until August 24, offering a strong incentive for community engagement and ecosystem growth.
However, if sentiment shifts and buying pressure returns, the token may retest resistance at $0.54, with further upside potential toward $0.621 and $0.677.
Huma Finance (HUMA)
Huma Finance recently unveiled its full tokenomics and Season 1 airdrop details, allocating 5% of the total 10 billion HUMA token supply to early users.
Backed by major investors like Circle and HashKey Capital, Huma is positioning itself as a first mover in the emerging PayFi sector. It aims to merge instant payments with DeFi and real-world assets.
Despite raising over $46 million and planning a second airdrop of 2.1% post-TGE, the project faced criticism for its relatively low initial airdrop allocation.
The team insists this is just the beginning, but market engagement has been modest, signaling shifting user preferences toward newer airdrop models.
Since the airdrop, HUMA has plunged more than 51% in just three days, reflecting a lack of buying support following the airdrop. If the current downtrend continues, the price could fall below $0.0503, testing new lows.
However, if sentiment shifts and the token finds support, it could rebound to challenge resistance at $0.055. A stronger rally could even push HUMA up toward $0.0596, though sustained momentum would be needed to reverse the early bearish pressure.
Sophon (SOPH)
Sophon’s SOPH token dropped over 33% within 24 hours of its debut and Binance listing, primarily due to the sudden release of 900 million airdropped tokens.
Despite strong backing—including over $70 million in funding and support from Binance Labs—the token’s limited immediate utility and the overwhelming supply shock triggered a sharp sell-off.
Adding to the volatility, Binance assigned SOPH a “seed tag” and enabled futures trading with up to 75x leverage, amplifying price swings.
SOPH is now hovering near a key support level at $0.056, which may be tested soon if pressure continues. Should the token regain bullish momentum, it could challenge resistance at $0.059.
A strong uptrend could push SOPH further to $0.061, $0.064, and possibly $0.067.
The crypto market today witnessed a pullback today, with the total market cap slipping 1.03% over the past 24 hours to $3.28 trillion. Trading volumes dropped sharply to $97.51 billion, down nearly 13%, indicating weaker momentum. Bitcoin continues to dominate the space with a 65% share, while Ethereum today trails behind at 9%.
Talking about sentiments, the Fear & Greed Index today stands neutral at 49, reflecting market indecision. A total of 89,122 traders were liquidated in the past 24 hours, with total liquidations amounting to $202.17 million. It is worth noting that the largest was of ETHUSDT at $2.82 million on Binance.
Bitcoin Price Today:
Bitcoin Price today is trading at $106,981.09, down 0.97% in the past 24 hours, with its market cap sitting at $2.12 trillion. Daily volume plunged by 19.27% to $41.39 billion, as prices swung between a low of $106,519.66 and a high of $108,190.55. Successively, options data suggests the maximum pain price is at $102,000 with a put-to-call ratio of 0.75, indicating sustained bullish sentiment among traders.
BTC saw minor losses as investors turned cautious ahead of upcoming U.S. inflation data and unclear Fed rate path. Despite the recent gains fueled by geopolitical easing, particularly as the U.S. influenced the Israel-Iran ceasefire, today’s mild correction reflects profit-taking.
Ethereum price has declined by 1.91% in 24 hours to trade at $2,444.10, pushing its market cap down to $295.03 billion. Its intraday trading volume stands at $16.85 billion, a 16.83% drop. ETH’s intraday range was between $2,386.32 and $2,500.11.
Despite the dip, Ethereum’s options market reflects optimism, with a maximum pain price of $2,200 and a put-to-call ratio of 0.52. Traders are betting on a rebound, though near-term caution persists.
XRP was among the harder hit today, falling 4.73% to $2.08, dragging its market cap to $123.22 billion. However, trading volume surged 23.78% to $3.26 billion, indicating rising speculative interest. Prices fluctuated between $2.08 and $2.20.
XRP futures recorded $542M in volume during their first month, with 45% of activity coming from outside North America. Open interest as of June 25 stands at $90M, underscoring growing global demand despite the ongoing legal uncertainty with the SEC.
Potential Altcoin Buys:
Pi Coin is gaining traction ahead of its much-anticipated Pi2Day event tomorrow, where major project announcements are expected.
Solana, a blue-chip favorite, remains on watchlists as it continues to show strong ecosystem growth.
Aptos posted a 5% intraday gain, fueled by news of a potential ETF listing, adding bullish momentum.
Top Gainers & Losers:
Top Gainers
Top Losers
SEI: $0.2944 +7.4%
AB: $0.008724 -13.71%
FARTCOIN: $1.01 +5.51%
Celestia: $1.43 -7.96%
Aptos: $5.03 +4.50%
SPX6900: $1.17 -7.25%
Latest Crypto News:
Bitwise has filed amended S-1 forms for its DOGE and Aptos ETFs, signaling positive engagement with the SEC.
In a key development, Judge Torres denied Ripple and the SEC’s request for a private settlement, citing the importance of maintaining the public July 2023 ruling. Both parties must now submit a status update by August, likely deciding between an appeal or closure.
White House Crypto Czar announced that crypto market structure legislation is expected to be finalized by the end of September, potentially bringing much-needed clarity to the regulatory landscape.
The Pi2Day event tomorrow could usher in a new chapter for the Pi ecosystem, with community buzz hinting at a mainnet or listing announcement.
FAQs
Why is the crypto market down today?
The dip is largely due to risk-off sentiment ahead of key U.S. inflation data and Fed rate uncertainty, alongside declining trading volumes and over $200M in liquidations.
How are altcoins performing today?
The majority of altcoins today are facing the heat of the broader market’s downturn. However, we do have exceptions like SEI, FARTCOIN, and APT.
Is it the right time to buy crypto?
While the market is down, it is the right time to buy potential altcoins in a dip.
When will the crypto market recover?
The crypto market will recover, as the investor sentiment turns optimistic, which could happen as early as by the end of this week.
The post Crypto Price Today: BTC, ETH, XRP, PI Price Fall Amid $202M Liquidation appeared first on Coinpedia Fintech News
The crypto market today witnessed a pullback today, with the total market cap slipping 1.03% over the past 24 hours to $3.28 trillion. Trading volumes dropped sharply to $97.51 billion, down nearly 13%, indicating weaker momentum. Bitcoin continues to dominate the space with a 65% share, while Ethereum today trails behind at 9%. Talking about …
