The cryptocurrency market is experiencing a downturn today, although conditions have shown some signs of recovery since the previous day. Approximately 30 out of the top 100 cryptocurrencies have seen price increases over the last 24 hours. Despite this, the overall market capitalization of cryptocurrencies has dipped by 2.3% in the last day, settling at $3.38 trillion. The total trading volume for cryptocurrencies is at $101 billion, which is lower than the figures recorded in recent days.
To summarize:
Today’s crypto market presents a mixed landscape, influenced by ongoing economic uncertainties and geopolitical strife. Bitcoin (BTC) and Ethereum (ETH) have shown minimal change over the past 24 hours, encountering volatile trading patterns. Ethereum’s price fluctuated from a daily high to an intraday low of $2,464 before recovering. The recent meeting of the U.S. Federal Reserve concluded without alterations to interest rates, yet inflation continues to rise, which may have complex implications for the crypto market. According to analysts, “Equity indices may enter a consolidation phase in the upcoming month, a trend that could also impact Bitcoin’s pricing.” Notably, inflows into U.S. spot BTC and ETH exchange-traded funds (ETFs) have persisted for consecutive days. Furthermore, market dynamics are likely to be influenced by U.S. involvement in escalating tensions between Israel and Iran.
Crypto Winners & Losers
Among the top 10 cryptocurrencies by market capitalization, four are showing red and four are green today (excluding the two stablecoins), with most changes remaining under 0.5%. Thus, many cryptocurrencies remain relatively stable.
Bitcoin (BTC) registered a slight decrease of 0.1%, maintaining its price at $104,812, showing little fluctuation since yesterday.
Similarly, Ethereum (ETH) saw a minor increase of 0.1%, also remaining stable at $2,524.
XRP (XRP) recorded the largest increase within this group, rising by 0.4% to $2.16, while Solana (SOL) suffered the most significant drop, declining by 1.3% to $145.
In contrast to yesterday, where only two out of the top 100 cryptocurrencies experienced price increases, today 30 have shown gains. Kaia (KAIA) is the standout performer, marking a 9% rise to $0.1779 for the second consecutive day, followed by Sei (SEI), which increased by 7.8% to $0.1836.
On the other hand, Hyperliquid (HYPE) experienced the steepest decline today, falling by 5.4% to $37.93.
Kaia, formerly known as Klaytn, had announced support for USDT last May. Recently, the platform reported a growing number of wallets and centralized exchanges (CEXs) that support USDT on Kaia. Furthermore, the team introduced Kaia Hub, designed as a comprehensive interface for users to access the chain, developed in collaboration with Xangle, a provider of on-chain data solutions.
Kaia Hub is live!
Your all-in-one gateway to explore @KaiaChain just got easier.
Track assets, discover dApps, swap tokens, and more.
Built by @Xangle_official to celebrate their GC membership.
Dive in: https://t.co/zTpHEKUGED https://t.co/yjAXvWg8cQ
— Kaia (@KaiaChain) June 18, 2025
Inflation Remains a Concern
Recent analysis by Glassnode reveals that funding rates for BTC and ETH have shifted to positive territory as compared to yesterday.
Funding rates have turned positive for $BTC (0.0049%) and $ETH (0.0062%) – a rebound from yesterday. Meanwhile, $DOGE leads at 0.0092%, $SOL remains slightly above neutral (0.0012%), and $TRX has dipped into negative figures (-0.0087%).
Stay updated with the complete asset list for free: https://t.co/pROAnkfPmZ pic.twitter.com/GyrpQvSAwn
— glassnode (@glassnode) June 18, 2025
The U.S. Federal Reserve’s policy meeting on Wednesday garnered significant attention from investors. Fed Chair Jerome Powell indicated that the central bank is “well positioned to wait” on making any rate changes. He remarked that uncertainty has lessened and projected that inflation would trend towards the target in upcoming months, although chief market strategist at YouHodler, Ruslan Lienkha, emphasized that geopolitical factors and tariff policies may continue to drive inflation upwards.
The implications of rising inflation on the crypto market are complex. While cryptocurrencies, particularly Bitcoin, can serve as a hedge against inflation, increased inflation could lead to rising interest rates, which may divert investor focus away from digital currencies.
Powell aimed to affirm confidence in the disinflationary trend while highlighting the general strength of the U.S. economy. This positioning allows the Fed to sustain elevated interest rates for a prolonged period. Market perception of these statements has been mixed, suggesting a potentially hawkish standpoint.
Consequently, “equity indices may enter a period of consolidation in the coming month, a trend that could also be mirrored in Bitcoin’s pricing behavior.”
Levels & Events to Monitor
As of now, BTC is trading at $104,812, showing stability from this time yesterday. The cryptocurrency has undergone a turbulent last 24 hours, attempting to maintain the $105,000 level multiple times but ultimately falling short.
During the same time frame, it has also dipped to the $103,830 level but managed to bounce back.
Bitcoin Price Chart. Source: TradingView
Conversely, Ethereum is priced at $2,524, remaining unchanged from yesterday. It too has seen significant fluctuations over the last few hours but has settled into a more stable range recently. The cryptocurrency reached an intraday low of $2,471 and an intraday high of $2,541.
The sentiment in the broader cryptocurrency market is unchanged today, with the Fear and Greed Index still at 48. While increasing fear may incentivize buying opportunities, the market sentiment still holds potential for returning towards a greed-driven outlook.
Source: CoinMarketCap
On June 18, U.S. BTC spot ETFs achieved a net inflow of $389.57 million for the eighth consecutive day, with BlackRock contributing $278.93 million and Fidelity adding $104.38 million. Overall, the cumulative net inflow is reported at $46.65 billion.
Additionally, U.S. ETH spot ETFs recorded a net inflow of $19.1 million, with BlackRock accumulating $15.11 million and Grayscale adding $3.99 million. The total cumulative net inflow for ETH ETFs has now reached $3.91 billion.
In other news, Canadian digital asset firm Sol Strategies has filed for a listing on the Nasdaq Capital Market as part of its strategic expansion into the U.S. market.
In Washington, Senator Cynthia Lummis is urging Congress to expedite clear cryptocurrency legislation, following the recent Senate approval of the GENIUS Act. The senator argues that while this approval marks progress towards establishing the U.S. as a favorable environment for digital assets, comprehensive market structure legislation is essential for the U.S. to truly become the global “crypto capital.”
Today brings us one step closer to becoming a welcoming home for digital asset companies. Now, let’s finish the job & pass market structure legislation to fulfill @POTUS’ vision of becoming the crypto capital of the world. pic.twitter.com/tyz6Kbc5qK
— Senator Cynthia Lummis (@SenLummis) June 18, 2025
Quick FAQ
Why did crypto move with stocks today?
The cryptocurrency market has experienced a downturn over the past day, while stock markets exhibited a mixed performance. The S&P 500 declined by 0.031%, the Nasdaq-100 slightly increased by 0.0028%, and the Dow Jones Industrial Average dropped by 0.1%. This reaction can be attributed to the U.S. Federal Reserve’s decision to maintain interest rates amid ongoing economic uncertainty, with investors keeping an eye on developments in the Middle East.
Is this dip sustainable?
The current dip may persist in the short term due to the prevailing geopolitical and economic turbulence. Although a rally could occur, spurred by positive regulatory developments, the broader global context may lead to lower prices as investors seek more stable investments.
The post Why Is Crypto Down Today? – June 19, 2025 appeared first on Finance Newso.
