After a brief attempt to rise yesterday in the afternoon hours (UTC), the crypto market is down today. 20 of the top 100 coins have recorded increases over the past 24 hours, but most of them of less than 1%. Moreover, the cryptocurrency market capitalization has decreased by another 2.3% over the past day, now standing at $3.37 trillion. The total crypto trading volume is at $66.6 billion, the lowest we’ve seen it in days.
TLDR:
The crypto market has been consolidating for the past two days;
BTC and ETH stand unchanged over the past day, making attempts at higher levels;
ETH is consolidating above $2,400, signalling the investor confidence return;
Bitcoin is consolidating above $104,000, says Harz, “still sitting on vast, untapped liquidity”;
”Bitcoin has proven its resilience—although this will be tested if oil prices begin to rise”;
The market is still sensitive to immediate events.
Crypto Winners & Losers
All the top 10 coins per market cap are down today – but most of them with such a low percentage that they’re practically unchanged.
Bitcoin (BTC) fell by 0.1%, meaning it hasn’t really changed in a day, now trading at $104,705.
Also, Ethereum (ETH) too fell by just 0.1%, therefore also standing unchanged at $2,521. Both BTC and ETH have barely moved over the past two days.
Dogecoin (DOGE) saw the highest decrease in this category of 1.7% to the price of $0.1679. It’s the only one with a change of more than 1%. XRP (XRP) follows with a fall of 0.8% to $2.14.
As Cryptonews reported, crypto analyst ‘Crypto Beast’ recently opined that XRP has significant upside potential, particularly now that its regulatory headwinds are gone.
Moreover, 20 of the top 100 coins saw their prices rise in the same period. The category’s best performer is Gate (GT), which is the only coin with a double-digit rise. It’s up 14.2% to $17.28. Kaia (KAIA) is next, having increased by 9.8% to $0.1958.
At the same time, Fartcoin (FARTCOIN) fell the most: 7.4% to $1.01. It’s followed by SPX6900 (SPX) with a 6.3% drop to $1.31.
Meanwhile, Twitter CEO Linda Yaccarino recently announced that users will soon be able to trade and invest directly on the platform. “And that’s whether I can pay you for the pizza that we shared last night, or make an investment, or a trade. So that’s the future,” she said.
Bitcoin Holds Firm in Face of Geopolitical Chaos
James Toledano, Chief Operating Officer at Unity Wallet, commented that “we have seen over the past week that even with geopolitical chaos—especially in the Middle-East, Bitcoin has proven its resilience—although this will be tested if oil prices begin to rise.”
Similarly, Gadi Chait, Head of Investment at Xapo Bank, argues that BTC holds within the six-figure mark, “showing its resilience even with major geopolitical tensions intensifying rapidly.” These include conflict escalation in the Middle East, ongoing trade disputes, and global economic uncertainty.
“But amongst all of that, Bitcoin’s price stability shows just how mature it is among all of this outside noise.”
The US Senate passing the GENIUS Act with bipartisan support reinforces a sense of legitimacy for crypto. “For the crypto industry, this is a key milestone, not just in policy but in the trust of the system,” Chait says.
Meanwhile, Dom Harz, Co-Founder of Layer-2 BOB, noted that ETH is consolidating above $2,400, up from a low of $1,400 in April, signaling the return of investor confidence “as many choose to stake rather than sell.”
Also, Bitcoin is consolidating above $104,000, says Harz, “still sitting on vast, untapped liquidity.”
“The real opportunity lies in the convergence of these two ecosystems — connecting Bitcoin’s capital with Ethereum’s DeFi infrastructure to unlock the next wave of yield and innovation.”
Finally, Nick Forster, Founder of decentralized onchain options AI-powered platform Derive.xyz, argues that in the near term, “the dramatic drop in ETH volatility [from around 100% to 60%] could create conditions for a breakout, especially if Middle East tensions ease further.”
In the medium term, investors should keep an eye on the 26 September expiry buildup in BTC. It could trigger volatility as it approaches.
Source: Derive.xyz
Per Forster, “BTC volatility remained much calmer overall, peaking near 50% (ATM 1 day) before trending down toward 30%. Both ETH and BTC show a typical contango structure, with short-term vols more sensitive to immediate events.”
Levels & Events to Watch Next
At the time of writing, BTC trades at $104,705, unchanged since this time yesterday. It has been trading in this zone for the past two days, unable to hold the $105,000 level. It attempted to surpass it again within the past 24 hours, briefly hitting the highest intraday high of $105,036.
It also nearly fell below the $104,000 mark, reaching the daily low of $104,004, surging up soon after.
Bitcoin Price Chart. Source: TradingView
At the same time, Ethereum is currently trading at $2,521. Like BTC, it has maintained this level for the past two days. It dropped from its intraday high of $2,541 to the intraday low of $2,488, before recovering to the current price.
Moreover, the crypto market sentiment continues unchanged for two days in a row as well. The Fear and Greed Index still stands at 48. The investors are waiting for further signals to make their next move. Standing in neutral, the sentiment can easily move to greed or fear.
Source: CoinMarketCap
Meanwhile, US markets were closed on 19 June for Juneteenth National Independence Day, a bank holiday in that country. Therefore, there will be no information on the performance of US BTC and ETH spot exchange-traded funds (ETFs) until later today.
On 18 June, US BTC ETFs marked eight consecutive days of inflows, with $389.57 million. US ETH spot ETFs recorded net inflows of $19.1 million in that same period.
Source: SoSoValue
In South Korea, the Financial Services Commission (FSC) has submitted a roadmap to the Presidential Committee on Policy Planning, outlining a potential framework to approve spot crypto exchange-traded funds (ETFs) in the second half of 2025.
This is a notable shift from the FSC’s long-standing position that these products are risks to financial stability.
Healthcare infrastructure firm Semler Scientific is planning to accumulate 10,000 Bitcoin this year, as well as 105,000 BTC by 2027. The company has appointed BTC expert Joe Burnett as Director of Bitcoin Strategy. Burnett recently told Cryptonews that BTC is “more scarce and portable than gold.”
Quick FAQ
Why did crypto move with stocks today?
The crypto market has been red over the last day. The US stock market was closed on Thursday, 19 June, in observance of Juneteenth National Independence Day. Therefore, no new information will be available till the market closes today (US time).
Is this dip sustainable?
The consolidation may continue in the short term, as the market attempts to find footing for the next leg up. Depending on further geopolitical and economic developments, the prices may decrease further.
The post Why Is Crypto Down Today? – June 20, 2025 appeared first on Cryptonews.
