June 22, 2025



the global cryptocurrency market cap decreasing by around 3.5% in the last 24 hours to approximately $3.26 trillion.

summary:

Overall Market: Market sentiment appears to be bearish, with funding rates indicating a downtrend. Geopolitical tensions and macroeconomic risks are cited as contributing factors to the pressure on crypto prices.

Bitcoin (BTC): Bitcoin is trading around $102,000 - $103,000, showing a minor decline of around 0.04% to 1.07% in the last 24 hours. While it's been mostly steady after the Fed left rates unchanged, some analysts suggest it could surge to $330,000 this cycle if historical AVIV Ratio trends hold. However, there's also concern about it potentially dropping to $100,000 or $98,500 if it fails to hold key support levels.

Ethereum (ETH): Ethereum has seen a more significant drop, falling below $2,400 to around $2,285 - $2,399, representing a 0.23% to 4.8% decrease in 24 hours. It's testing crucial demand zones, with the next key support potentially at $2,300 or $2,200.

Stablecoins: Stablecoins continue to be a significant topic, especially with the US Senate passing the GENIUS Act. This legislation aims to regulate stablecoins and could position them as a key funding source for the U.S. government, potentially increasing demand for U.S. Treasury securities. Treasury Secretary Besant believes stablecoins could strengthen the dollar's dominance.
BTC-2,45%
ETH-3,91%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)