Crypto in the Red: BTC Close to $106K After Political and Financial Winds
On June 12, 2025, it was a correction day for the crypto market, with Bitcoin (BTC) trading around $106,000 in the afternoon, a drop from $108,500 and $110,500 reached the day before. The global market capitalization of crypto fell by 2.18% to $3.36 trillion, with most major altcoins also declining.
Despite the drop, the market remains attentive to key movements. The GENIUS Stablecoin Bill advanced in the U.S. Senate, a crucial step for regulation. Politics also plays a central role, with former president Trump actively promoting the U.S. as a crypto capital, even with his family and companies expanding into the sector, including GameStop's purchase of Bitcoin ($500 million).
On the macroeconomic side, U.S. inflation data was better than expected, and a framework trade agreement was reached between the U.S. and China, which could positively influence overall market sentiment. Meanwhile, BlackRock reaffirms its ambition to lead crypto asset management by 2030, and analysts predict a surge in altcoin ETFs this summer, with Solana (SOL) as a potential leader.
#BTC
#Crypto Market
#Altcoins
#Crypto Regulation
#ETF
