The cryptocurrency market is experiencing a downturn today, reversing the gains made just a day earlier. The majority of the top 100 digital currencies have reported price declines over the past 24 hours, contributing to a 1.6% decrease in the total market capitalization, which now stands at $3.4 trillion. Trading volume for the crypto market has also reached $99.8 billion.
In summary:
- The cryptocurrency market has turned to red;
- Most top 100 coins have registered price declines;
- Bitcoin (BTC) and Ethereum (ETH) saw minimal appreciation, with BTC at $106,413 and ETH at $2,443;
- Market reactions are linked to easing geopolitical tensions in the Middle East, benefiting higher-risk assets;
- While there’s a focus on short-term price corrections, optimism remains for Bitcoin’s long-term trajectory;
- Investor caution persists amidst ongoing geopolitical risks.
Crypto Winners & Losers
Among the top ten cryptocurrencies by market capitalization, six have shown slight increases, typically below the 1% mark. Bitcoin (BTC) experienced a 0.7% rise and is currently trading at $106,413, up from $101,924 two days ago.
Ethereum (ETH) also saw a modest gain of 0.8%, now priced at $2,443. It continues to shine as one of the sector’s stronger performers today, while both Lido Staked Ether (STETH) and Tron (TRX) matched ETH’s rise with their own 0.8% boosts.
XRP (XRP) faced the largest decline among leading cryptocurrencies, with a 0.7% drop to a price of $2.18.
Notably, the broader market saw broader declines, with the most substantial drop being Virtuals Protocol (VIRTUAL), which fell 8.5% to $1.56.
Conversely, Pi Network (PI) recorded the highest increase today at 13.4%, now priced at $0.5998, marking it as the only double-digit surge in this category. Aptos (APT) closely followed with a 9% rise to $4.83.
The recent optimistic trends within the market quickly dissipated following yesterday’s positive developments.
Price surges were noted after Japan’s Financial Services Agency suggested a potential reclassification of digital assets under the Financial Instruments and Exchange Act. This change could significantly lower cryptocurrency taxes from 55% to just 20%, enhancing the chances of spot Bitcoin ETFs.
JUST IN: Japan’s Financial Services Agency proposed to bring crypto assets under the Financial Instruments and Exchange Act.
This could legalise #Bitcoin ETFs and cut tax on crypto gains. pic.twitter.com/m0qmWWVnx3
— Bitcoin Magazine (@BitcoinMagazine) June 24, 2025
Recent changes in the macroeconomic landscape, coupled with reduced geopolitical tensions—specifically a ceasefire announcement between Israel and Iran—have renewed investor interest in risk assets. However, the situation remains precarious as reports from the region are mixed. Meanwhile, Israel continues its military operations in Gaza.
Israeli forces continue their war on Gaza, killing Palestinians, as US President Donald Trump announces a ceasefire between Israel and Iran.
Follow our LIVE coverage: https://t.co/O9N33VMt4b pic.twitter.com/ts7GT9O3hN
— Al Jazeera English (@AJEnglish) June 25, 2025
Given the rapidly shifting developments in the region, markets may react swiftly, influencing trends across various sectors.
‘Bitcoin is Undeniably on the Rise’
According to Dom Harz, co-founder of Layer 2 BOB, Bitcoin’s recent dip below the $100,000 mark illustrates how geopolitical uncertainties can incite risk-averse behaviors. However, Harz believes that this dip is a mere blip and does not represent a long-term threat to Bitcoin’s overarching growth trajectory.
“While there are concerns over short-term corrections, it is inarguable that Bitcoin—especially in the realm of Bitcoin DeFi—is on an upward trend,” Harz stated.
Harz emphasized that Bitcoin is evolving as it garners increasing institutional adoption, enhanced regulatory clarity, and rapid technological innovations. He noted that institutions are not merely looking to hold Bitcoin; they want to utilize it as well.
In a similar vein, Gadi Chait, Head of Investment at Xapo Bank, posited that Bitcoin’s identity as a safe-haven asset is still in the early stages but is gradually solidifying. “Recent indicators suggest it is moving closer to being regarded as a safe-haven asset,” he noted.
Chait remarked on Bitcoin’s response to recent macroeconomic disturbances, particularly concerning the Middle East, describing its behavior as unexpectedly restrained when compared to traditional assets. “Typically, geopolitical shocks provoke an immediate flight to cash, yet the recent mutual reliance on institutional movements has resulted in sharper recoveries,” he elaborated.
Chait concluded by highlighting Bitcoin’s relatively shallow pullbacks amid consistent institutional inflows, pointing to a changing perception of its value. Its increasing correlation with gold suggests that investors are starting to view Bitcoin as a store of value, while its swift rebounds illustrate its growing entrenchment in traditional financial systems.
Levels & Events to Watch Next
As of this reporting, Bitcoin is trading at $106,413, having incrementally climbed from a low of $104,854 to an intraday peak of $106,691.
Bitcoin has surpassed the $106,000 mark, and investors are closely monitoring whether it can breach the $107,500 threshold or possibly dip below $104,000, as these movements could indicate future trends.
Bitcoin Price Chart. Source: TradingView
Meanwhile, Ethereum is trading at $2,443 after reaching a high of $2,473 before adjusting to $2,428 during overnight hours (UTC).
The overall sentiment in the crypto market remains neutral after recently exiting a fear-driven phase. The Fear and Greed Index rose from 47 yesterday to 48 today, indicating a level of cautious optimism among investors.
Source: CoinMarketCap
Additionally, on June 24, the US Bitcoin spot exchange-traded funds (ETFs) experienced substantial inflows of $588.55 million, with BlackRock leading the charge at $436.32 million.
Source: SoSoValue
Furthermore, Ethereum ETFs in the US tallied inflows of $71.24 million, where BlackRock gained $97.98 million despite Fidelity’s loss of $26.74 million.
Source: SoSoValue
In other news, Japanese investment firm Metaplanet successfully raised over $517 million on the opening day of its ‘555 Million Plan,’ aiming to acquire 210,000 Bitcoin by the end of 2027, which is equivalent to roughly 1% of the total supply.
In addition, entrepreneur Anthony Pompliano’s ProCap BTC announced a recent acquisition of 3,724 BTC, valued at $386 million, shortly after revealing plans to go public later this year.
We have purchased 3,724 Bitcoin.
This purchase happened within one day after announcing a $1 BILLION merger and over $750 million fundraise.
The average price was ~ $103,785 per bitcoin.
We believe bitcoin is the new hurdle rate.
If you can’t beat it, you have to buy it.… pic.twitter.com/eX1iI9fVhm
— Anthony Pompliano (@APompliano) June 24, 2025
Quick FAQ
Why did crypto move against stocks today?
The cryptocurrency market has faced a downturn since last night, contrasting with stocks which experienced gains on Tuesday. The S&P 500 increased by 1.11%, the Nasdaq-100 rose by 1.53%, and the Dow Jones Industrial Average saw a 1.19% increase, largely as a result of the recent ceasefire agreement between Israel and Iran.
Is this dip sustainable?
The market appears to be exercising caution. There is currently no sign of panic among investors, and analysts maintain a bullish outlook for the long term; however, persistent global instability could still drive prices lower.
The post Why Is Crypto Down Today? – June 25, 2025 appeared first on Finance Newso.
