BTC has fallen by 4.30% in the last 24 hours, currently priced at 103,884 USDT, having dropped below 103,000 USDT after consolidating at 109,000 USDT, with clear pressure on the market. ETH has decreased by 10.76%, currently at 2,474 USDT, with the ETH/BTC exchange rate dropping to 0.023 and market share falling to 9.42%. Most sectors are down. The Fear and Greed Index has dropped to 54, further weakening market sentiment. On the macro front, U.S. stocks closed higher on Thursday, with all three major indices rising, and both the Dow and S&P hitting their highest closing prices in at least three months. A better-than-expected PPI report before the market opened boosted U.S. stocks. Data shows that the U.S. May PPI rose by 2.6% year-on-year, in line with expectations; the core PPI increased by 3%, below the market expectation of 3.1%.

• Market Commentary: BTC has dropped 4.30% in the last 24 hours, currently priced at 103,884 USDT. ETH, after a strong rebound following the market, has also started to decline again with the market’s pullback. The market share has fallen to 9.42%. On Thursday, ETH ETF saw a net inflow of 10.8 million USD, achieving a continuous net inflow for 18 trading days.
• Popular Tokens: The most popular coins in the last 24 hours are ATM (+11.17%), NXPC (+10.46%), and SOLV (+6.00%).
• Alpha Interpretation: The SEC officially abolishes the harsh proposals regarding DeFi and custody introduced during the Gary Gensler era; Uniswap Wallet enables smart wallet features, supporting one-click swaps; Polygon introduces its native Token to Solana through Wormhole’s NTT framework.
• Gate Launchpool: MEET48 is launched on Launchpool, users can stake BTC and ETH before June 16, 2025,12:00 PM (UTC) to subscribe for IDOL for free, with a total airdrop amount of 2,857,143 coins.

Explore today’s details →
Gate Research Institute: Uniswap Wallet enables smart wallet features | Polygon brings its native Token to Solana

Gate Research Institute is a comprehensive blockchain and cryptocurrency research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend predictions, and macroeconomic policy analysis.

Disclaimer
Investing in the cryptocurrency market involves high risks, and users are advised to conduct independent research and fully understand the nature of the assets and products being purchased before making any investment decisions. Gate No responsibility is accepted for any loss or damage caused by such investment decisions.

Gate Team
Jun 13th, 2025

Gateway to Crypto
Trade over 3,600 cryptocurrencies safely, quickly, and easily on Gate
Take Action Now
Sign up and claim up to $10,000 in welcome rewards
Invite friends and earn a 40% commission
Stay Connected
Visit Gate’s official website
Download the Gate App | Desktop
Follow us on X (Twitter) to get more bonuses
Join our Telegram community to discuss trending topics
Engage with our global community for the latest insights
Transparency & Security
Check our 100% Proof of Reserves