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.