Good morning community — here's the crypto outlook for today, June 12:
1. Slight drop in prices:
Bitcoin is trading near $107,600 (–1.7%) and Ethereum is down 1.6%, amid a correction of 2.5%–4% in the main crypto assets. Why? Partly due to reactions to inflation data (CPI at 2.4%) and liquidations in futures (~$683M) that shook the market. The geopolitical tensions between the US and China, as well as the Middle East, are also weighing on it.
2. Medium-term bullish:
The dollar (DXY) fell below 98, creating a favorable environment for risk assets. Additionally, the market had already been gaining $112,000).
3. Regulation & stablecoins:
The US Senate is advancing with the GENIUS Act, crucial for stablecoins. The UK is also planning to liberalize crypto ETPs for retail investors.
4. Institutional and news:
Coinbase welcomes David Plouffe (former Obama/Harris) to its strategic council.
SocGen will launch a USD-backed stablecoin, under banking standards, on Ethereum and Solana, with BNY Mellon as custodian.
🔎 Conclusion of the day:
Although the market is correcting, the macro and regulatory foundations are strengthening. Stay tuned for possible rebounds: BTC has defended the $107k level well, and the weak dollar provides technical support. Today's focus is on CPI, crypto policy in the US, and institutional adoption.