The cryptocurrency market is experiencing a downturn today after a brief uptick yesterday afternoon (UTC). Among the top 100 cryptocurrencies, only 20 have managed to post gains in the last 24 hours, most of which are less than 1%. The total market capitalization for cryptocurrencies has dipped by 2.3% within the past day, bringing it to $3.37 trillion. Trading volume has also fallen drastically, now sitting at $66.6 billion, marking the lowest level observed in recent days.
Highlights:
- The crypto market has been stabilizing for two days.
- Both Bitcoin (BTC) and Ethereum (ETH) remain steady over the past day, striving for higher price levels.
- Ethereum is consolidating above $2,400, indicating a potential resurgence in investor confidence.
- Bitcoin is currently above $104,000, according to analyst Harz, who mentions that it still has considerable untapped liquidity.
- Bitcoin’s resilience has been noted, but this could be challenged if oil prices rise.
- The market remains sensitive to immediate developments.
Top Tokens: Winners & Losers
The performance of the top ten cryptocurrencies by market cap has been largely negative today, although many have experienced only minor fluctuations.
Bitcoin (BTC) has seen a minimal drop of 0.1%, resulting in a trading price of $104,705. Similarly, Ethereum (ETH) also fell by 0.1% to $2,521, with both assets showing little movement over the last two days.
Dogecoin (DOGE) stands out with a notable decrease of 1.7%, landing at $0.1679. This makes it the only top token to record a change exceeding 1%. Following closely is XRP (XRP), which fell by 0.8% to $2.14.
According to a recent report from Finance Newso, crypto analyst known as ‘Crypto Beast’ stated that XRP could see substantial gains now that regulatory challenges have been resolved.
XRP is about to explode.
I’m eyeing at least $8, and the market still hasn’t caught up to the fact that the SEC doesn’t consider it a security.$XRP holders are about to PRINT.
I’ll drop the signal to exit right here when the moment is right.
You’ll regret not following. pic.twitter.com/oiE8INoy7F
— Crypto Beast (@cryptobeastreal) June 16, 2025
In contrast, 20 of the remaining top 100 cryptocurrencies have experienced price increases during the same timeframe. Gate (GT) stands out as the best performer with a remarkable gain of 14.2% to reach $17.28. Following it is Kaia (KAIA), which has surged by 9.8% to $0.1958.
On the downside, Fartcoin (FARTCOIN) recorded the largest loss, down 7.4% to $1.01, followed closely by SPX6900 (SPX), which fell by 6.3% to $1.31.
In other news, Twitter CEO Linda Yaccarino has announced plans to allow users to trade and invest directly on the platform, including functionality for transactions as personal as settling a meal bill.
Bitcoin Stays Steady Amid Global Turmoil
James Toledano, COO at Unity Wallet, emphasized Bitcoin’s consistent performance, stating that its resilience holds even in light of geopolitical upheaval, particularly in the Middle East. However, he cautioned that rising oil prices could test this stability.
Gadi Chait, Head of Investment at Xapo Bank, echoed this sentiment by noting that Bitcoin remains within six-figure territory, displaying strength despite escalating geopolitical tensions, including conflicts and trade disputes. He remarked on the maturation of Bitcoin amidst external pressures.
The recent bipartisan passage of the GENIUS Act by the US Senate further contributes to a sense of legitimacy within the crypto landscape. Chait remarked that this represents a significant milestone for the crypto community regarding policy and systemic trust.
Dom Harz, Co-Founder of Layer-2 BOB, highlighted that Ethereum is solidifying above $2,400, up from an April low of $1,400, reflecting a resurgence of investor confidence as many choose to stake rather than sell their assets.
Harz also pointed out that Bitcoin maintains its position above $104,000, filled with untapped liquidity, suggesting future opportunities lie in bridging Bitcoin’s capital with Ethereum’s DeFi framework.
Nick Forster, Founder of the AI-powered decentralized options platform Derive.xyz, foresees possibilities for an ETH breakout given its drop in volatility from approximately 100% to 60%. He suggested that a reduction in tensions in the Middle East could also fuel this movement. Investors should, however, remain vigilant for the upcoming BTC expiry on September 26, which may spark increased volatility.
Key Levels & Upcoming Events
As of the latest update, Bitcoin is trading at $104,705, reflecting no change from the previous day. This price point has persisted for two days, during which Bitcoin attempted to break through the $105,000 resistance, reaching a high of $105,036 before retracting.
The cryptocurrency also nearly dipped below $104,000, reaching a low of $104,004 before rebounding.
Currently, Ethereum is maintaining a trading price of $2,521, having remained stable over the past two days. It peaked at $2,541 and then fell to $2,488 before recovering to its current value.
The general sentiment within the crypto market has also remained static for two consecutive days, with the Fear and Greed Index holding steady at 48. Investors currently exhibit a neutral stance, which may swing toward greed or fear based on upcoming cues.
Due to the observance of Juneteenth National Independence Day, U.S. markets are closed today, leaving updates on U.S. BTC and ETH spot exchange-traded funds (ETFs) pending until the market reopens.
On June 18, U.S. BTC ETFs experienced eight days of consecutive inflows amounting to $389.57 million, while U.S. ETH spot ETFs recorded net inflows of $19.1 million during the same period.
In a significant regulatory shift, South Korea’s Financial Services Commission (FSC) has presented a roadmap to the Presidential Committee on Policy Planning, signaling a potential approval framework for spot crypto ETFs in the latter half of 2025, a change from its prior stance that deemed such products a risk to financial stability.
MASSIVE BREAKING: South Korean presidential election won by Lee Jae-myung who committed to allow South Korea’s $884 billion national pension fund to invest in Bitcoin and cryptocurrency — also promises to launch Bitcoin ETF.
Wild this happened the 2nd day I am in South Korea. pic.twitter.com/NkXfe0AaIy
— Dennis Porter (@Dennis_Porter_) June 3, 2025
Healthcare infrastructure company Semler Scientific is set to gather 10,000 Bitcoins this year, with a plan to acquire 105,000 BTC by 2027. The firm has appointed Bitcoin expert Joe Burnett as its Director of Bitcoin Strategy. Burnett has previously noted that BTC surpasses gold in terms of scarcity and portability.
$SMLR appoints Joe Burnett @IIICapital as Director of Bitcoin Strategy. Announces three-year plan to own 105,000 #Bitcoins by Year-End 2027. So fired up to have Joe on board to help with this exciting new chapter in Semler’s $BTC mission.
— Eric Semler (@SemlerEric) June 19, 2025
Quick FAQ
Why did crypto move with stocks today?
The cryptocurrency market has been under pressure over the past day. The U.S. stock market was closed on June 19 in observance of Juneteenth National Independence Day, so no new updates will be available until trading resumes.
Is this dip sustainable?
The current consolidation may persist short-term as the market seeks stability for a potential upward movement. Prices may decline further depending on geopolitical and economic developments.
The post Why Is Crypto Down Today? – June 20, 2025 appeared first on Finance Newso.
