What's new in the Bitcoin market over the past 24 hours? From geopolitical tensions to announcements from influential figures, let's analyze together the most relevant events that could influence the performance of the main cryptocurrency.
3 Factors That Could Impact Crypto Markets in the Coming Week
Cryptocurrency markets remained relatively quiet over the weekend, with assets stabilizing after Friday's $200 billion plunge following Israel's attack on Iran .
Last week, the consumer confidence index rebounded, posting its first improvement in six months, while weaker-than-expected consumer and producer price inflation (CPI and PPI) data lifted investor sentiment.
However, Friday’s escalation of conflict caused stock and crypto markets to plummet, with investors fleeing to cash and gold . Meanwhile, oil prices rose nearly 5%, signaling that volatility is far from over.
Economic events from June 16th to 20th
Market reactions to the weekend violence are expected today. Iran reportedly told mediators Qatar and Oman that it is unwilling to negotiate a ceasefire with Israel as long as Israeli attacks continue.
The May retail sales report is due on Tuesday, June 17 , and will provide data on how much consumers are spending on durable and nondurable goods. This type of report is a leading indicator of economic health, useful for assessing inflationary pressures related to consumer demand.
Also on Tuesday, the May industrial production report will be released . This Fed data shows the volume of production in the manufacturing, mining, and utilities sectors, but it usually has little impact on the markets.
The most anticipated decision is coming on Wednesday: the Federal Reserve’s interest rate decision . Futures markets continue to predict with 96.7% probability that rates will remain unchanged between 4.25% and 4.50%.
“If the Fed cuts rates too soon, before it has clear evidence of a weakening economy to point to, it risks further fueling inflation expectations,” said Drew Matus , chief market strategist at MetLife Investment Management.
U.S. financial markets will be closed on Thursday in observance of Juneteenth , a federal holiday celebrating the end of slavery in the United States.
Michael Saylor Proposes Adoption of Bitcoin as Treasury Reserve to Pakistani Financial Officials
Strategy co-founder Michael Saylor met with Pakistani officials – including Minister of State for Blockchain Bilal Bin Saqib and Finance Minister Muhammad Aurangzeb – to urge the country to consider Bitcoin as a reserve asset.
“Bitcoin is the strongest asset for long-term national resilience. Emerging markets like Pakistan have a once-in-a-generation opportunity to leap into the future of finance,” Saylor said.
In March, the Asian country launched the Pakistan Crypto Council (PCC) , which aims to regulate and integrate blockchain technology into its financial system. Aurangzeb expressed his ambition for Pakistan to lead Southeast Asia in the development and adoption of digital assets.
“Pakistan aspires to lead the Global South in the development and adoption of digital assets, setting a benchmark for innovation, regulation and inclusive growth in the digital economy.”
Meanwhile, Saqib praised Saylor for his efforts to transform “a mid-sized software company into a $100 billion company, just through strategic vision, bold conviction and disciplined execution. If private individuals in the US can build something like this, why can’t Pakistan, as a nation, do the same? We have the talent, the history and the energy.”
According to a press release from the Ministry of Finance, the dialogue was called “a milestone” in Pakistan’s efforts to build a robust digital asset regulatory framework, attract global institutional interest and “position itself as an emerging market ready for Web3 and Bitcoin.”
U.S. Department of Justice Busts $36.9 Million International Cryptocurrency Fraud Ring
Five men have pleaded guilty to their roles in laundering more than $36.9 million from users who fell victim to an international cryptocurrency investment scam.
The U.S. Department of Justice (DOJ) has obtained guilty pleas from three California residents, Joseph Wong, Jose Somarriba, and Shengsheng He, and two Chinese nationals, Yicheng Zhang and Jingliang Su, who have confessed to their responsibilities. These individuals were part of a criminal network that received funds from U.S. victims under the guise of cryptocurrency investments.
The scam involved establishing trust through interactions on social media, text messages, phone calls, and online dating sites. Once contact was established, the scammers convinced the victims to transfer money, believing they were investing in cryptocurrencies. In reality, the funds were transferred to accounts controlled by the scammers themselves.
Wong and Zhang pleaded guilty to conspiracy to commit money laundering and face up to 20 years in prison . Somarriba, He and Su admitted to conspiring to operate a financial services business without a license, a crime punishable by up to 5 years in prison .
This operation comes in a worrying context, outlined by a report from the FBI's Internet Crime Complaint Center (IC3) , which found over 140,000 complaints related to digital assets last year alone, with losses exceeding $9 billion.
How Enterprises and Small Businesses Are Increasing Cryptocurrency Adoption
Over the past year, the cryptocurrency industry has seen more widespread adoption than ever before. According to Coinbase’s State of Crypto 2025 report , small business activities and tangible uses—such as salary payments and remittances from institutional investors—are fueling the growth of stablecoins.
Coinbase conducted surveys among small and medium-sized businesses (SMBs) and institutional investors in April and January 2025, respectively. The study found that cryptocurrency ownership is more common than you might think: a growing number of institutions are working on blockchain-based initiatives and integrating them into their business strategies.
Six out of ten executives at Fortune 500 (F500) companies said their companies are developing on-chain projects. Nearly 47% of respondents said their companies have increased investment in blockchain technology. Additionally, the average number of on-chain projects increased 67% year-over-year, from 5.8 to 9.7.
Top on-chain initiatives among the F500 include: payments/settlements, cross-border transfers, supply chain management, corporate treasury, and blockchain infrastructure. Coinbase found that 17 unique on-chain initiatives were announced by Fortune 100 companies in the last quarter alone, and 46 between Q3 2024 and Q1 2025. The diversity of industries involved has also increased , from financial services and technology to automotive, transportation, retail, food and healthcare.
How can regulatory clarity help?
Surveying SMBs, Coinbase found that 34% are currently using cryptocurrency; among those not yet using it, 46% plan to start in the next three years. At least 82% of SMBs believe cryptocurrency can solve some of their financial problems.
“2025 was a triple-double year for cryptocurrency among SMBs,” Coinbase said, adding that “the number of SMBs using cryptocurrency and stablecoins doubled year-over-year.”
This growing adoption has driven stablecoin transfer volumes to unprecedented levels. The industry recorded its two highest organic transfer volume months in December 2024 ($719 billion) and April 2025 ($717.1 billion).
Coinbase also highlighted how regulatory clarity can help cryptocurrency’s full potential be realized. Nine out of ten F500 executives agree, as do 72% of SMBs.
Follow 🔥 Stay tuned for more updates 🚀😍🚀