The cryptocurrency market saw a downturn today, with most of the top 100 digital coins experiencing price declines in the last 24 hours. The total market capitalization for cryptocurrencies has decreased by 2.6%, now sitting at $3.4 trillion. Additionally, total trading volume in the crypto space has dropped to $85.5 billion, reflecting a downward trend over the past few days.
TLDR:
The crypto market is facing a minor dip;
BTC remains largely unchanged at $107,367, while ETH has decreased by 1.5% to $2,447;
Recent positive developments in regulation and adoption appear to provide some stability for investors;
U.S. spot Bitcoin ETFs have shown positive flows for 13 consecutive days, while spot ETH ETFs have recorded outflows;
Analysts emphasize a favorable environment that might spark a new significant rally in the crypto market.
Crypto Winners & Losers
Among the top 10 cryptocurrencies by market capitalization, every coin has registered a price drop.
Bitcoin (BTC) has seen a minor decrease of 0.4%, effectively remaining stable at $107,367.
Ethereum (ETH) followed suit with a 1.5% decline, currently trading at $2,447.
The most notable drop was experienced by XRP (XRP), which tumbled 4.3% to a price of $2.09.
Conversely, only eight of the top 100 cryptocurrencies reported price increases over the past day. Tokenize Xchange (TKX) led this group, rising by 6.6% to $27.68, followed by Aptos (APT), which gained 6% to reach $5.18.
On the downside, SPX6900 (SPX) and Celestia (TIA) suffered the largest losses, decreasing by 9.7% and 8% to $1.15 and $1.45, respectively.
Despite XRP’s recent struggles to break out of a consolidation phase induced by geopolitical events, some traders speculate that it may surge to $27 in the near future, with $2.3 being a critical resistance level to monitor.
#XRP – The Breakout Is Coming – Base On Math:
Based on historical patterns, breakouts from triangle formations (symmetrical, ascending, or descending) typically happen around 75% to 95% of the total pattern duration.
Calculations for a 334-day pattern:
75% of 334… pic.twitter.com/64hhEK0J0A
— EGRAG CRYPTO (@egragcrypto) June 24, 2025
In a related development, the arrest of British national Kai West, also known as “IntelBroker,” has contributed to market stability. U.S. prosecutors have charged West with data theft and other cybercrime activities and are seeking his extradition from France, where he was apprehended earlier this year.
Interesting report on how “IntelBroker” got caught. According to the report, Kai West primarily used Monero; however, the use of Monero $XMR was not the reason for his capture. Instead, the strong privacy features of Monero presented challenges for law enforcement.
In January 2023, an FBI… pic.twitter.com/7Xs84lFEu9
— MetaRyuk (@metaryuk) June 26, 2025
Additionally, in India, Pradeep Bhandari, a spokesperson for the ruling BJP party, has proposed a pilot project to establish Bitcoin as a strategic reserve asset, citing the country’s expanding renewable energy sector as advantageous for Bitcoin mining.
BREAKING: Indian Ruling party #BJP National Spokesperson Pradeep Bhandari calls for India to explore #Bitcoin as a strategic reserve asset.
Citing U.S. and Bhutan’s growing adoption.
Says a #Bitcoin reserve pilot could boost India’s economic resilience. pic.twitter.com/oVXnRowB37
— The Crypto Times (@CryptoTimes_io) June 26, 2025
‘Favorable Backdrop May Soon Trigger Another Significant Rally’
Ruslan Lienkha, the chief of markets at the crypto platform YouHodler, remarked that following a recent easing of geopolitical tensions in the Middle East, financial markets have entered a notably constructive phase, potentially setting the stage for renewed momentum in risk assets, including cryptocurrencies.
The expert argues that the combination of stabilizing global conditions and robust equity market performance creates a favorable backdrop that could lead to another significant rally in the cryptocurrency sector.
With inflation and geopolitical concerns calming down, capital is rotating away from defensive investments towards growth-oriented assets once again. In this context, Lienkha identifies Bitcoin as a strong candidate for benefiting from this shift.
Currently, Bitcoin is trading within a sideways range between $90,000 and $110,000, approaching its previous all-time high. Lienkha suggests that should positive equity market momentum persist, Bitcoin could break out of this range, targeting $130,000 in the medium term.
“If the positive momentum in equities continues and global risk appetite strengthens further,” he notes, “Bitcoin could break out of its current range and potentially initiate a new leg higher, potentially targeting the $130,000 level in the medium term.”
The $93k–$100k range remains a key structural support zone for $BTC, with dense accumulation from Q1. Price holding above this band suggests the broader bullish structure is intact despite short-term volatility. pic.twitter.com/6kEMYINOaK
— glassnode (@glassnode) June 26, 2025
James Toledano, COO at Unity Wallet, added that the ongoing Iran-Israel conflict is influencing BTC price movements, although he stressed that it doesn’t necessarily indicate an extreme responsiveness to geopolitics. Historically, Bitcoin tends to recover losses weeks after geopolitical spikes.
The latest price recovery also appears to be linked to various macroeconomic factors, including a weaker US dollar, reduced oil prices, renewed expectations for U.S. Federal Reserve interest rate cuts, and ongoing ETF inflows.
Moreover, Donald Trump recently announced plans to replace Fed Chair Jerome Powell, a move Toledano indicated could cause considerable short-term financial disruption. He emphasized that while headlines might cause temporary price fluctuations, the long-term direction is fundamentally driven, with Bitcoin continuing its upward trajectory in the broader context of history.
Levels & Events to Watch Next
As of this writing, Bitcoin is trading at $107,367. Earlier in the day, it briefly dipped to $98,974 before recovering. The highest price point reached during the day was $107,985, with Bitcoin currently attempting to stay above the $108,100 level. The next target levels to watch are $110,490 and $112,080.
Bitcoin Price Chart. Source: TradingView
Ethereum is currently priced at $2,447, recovering from a drop from its intraday high of $2,552 to a low of $2,177.
Market sentiment continues to exhibit caution, remaining neutral. The Fear and Greed Index has fallen from 50 to 49 within a day, suggesting investors are being careful but not panicking.
Source: CoinMarketCap
On June 26, U.S. Bitcoin spot exchange-traded funds (ETFs) recorded their 13th consecutive day of positive inflows, totaling $228.15 million. BlackRock led the inflows with $163.72 million, bringing the cumulative net inflow to $48.37 billion.
Source: SoSoValue
In contrast, U.S. ETH ETFs saw outflows of $26.46 million, primarily due to Grayscale’s loss of $39.84 million, while BlackRock, Fidelity, and Bitwise experienced inflows ranging from $2 million to $6 million. The cumulative total net inflow for ETH ETFs stands at $4.1 billion.
Source: SoSoValue
Meanwhile, crypto exchange Bakkt has filed a $1 billion shelf registration with the U.S. Securities and Exchange Commission (SEC), potentially to fund Bitcoin acquisitions under a revised treasury strategy. Notably, Bakkt has not yet purchased any BTC.
ICE-Backed Bakkt Alerts of Possible Closure, Cites Cash Crisis@Bakkt, the cryptocurrency platform backed by the Intercontinental Exchange (ICE), has issued a warning about its financial health.#Finance Newso #newshttps://t.co/xGlJcXaB9F
— Finance Newso.com (@Finance Newso) February 8, 2024
Coinbase Global Inc. (COIN) ended Thursday trading with a record price of $369.21, rising 3.89% for the day and nearly 40% over the past month. This marks a 3.3% increase compared to its previous high of $357.39 in November 2021.
$COIN daily Bollinger band expansion looking like it just wants to keep going up for now… pic.twitter.com/Ftj70xlQiA
— Cantonese Cat (@cantonmeow) June 26, 2025
Quick FAQ
Why did crypto move against stocks today?
The cryptocurrency market experienced a decline while the stock market saw gains by the close of trading on Thursday, fueled by expectations for Federal Reserve interest rate cuts. The S&P 500 gained 0.8%, with the Nasdaq-100 and the Dow Jones Industrial Average both advancing by 0.94%. Lienkha from YouHodler noted that the Nasdaq Composite reached a new all-time high, while Japanese tech stocks have surged, reflecting domestic optimism and a revival of global interest in innovation-driven sectors.
Is this dip sustainable?
These dips are indicative of typical short-term corrections. Currently, there’s no overwhelming fear among investors, and while the crypto market remains sensitive to macro conditions, analysts expect to see further price increases this year.
The post Why Is Crypto Down Today? – June 27, 2025 appeared first on Finance Newso.
