🚨BREAKING NEWS TODAY🚨
Below are the main news items on June 17, 2025, that have a direct impact on the cryptocurrency market:
1. Bitcoin and CoinDesk 20 surge
– Bitcoin price increased by 3.1% to 108,600 USD, approaching its historical peak, while the CoinDesk 20 (CD20) index rose by 4.3% thanks to the rebound of XRP and Chainlink (LINK)
– The main driver came from JPMorgan filing related to crypto investment products and the upcoming Purpose ETF event, fueling expectations for institutional capital inflow into the market
2. Pressure from the USD and geo-politics
– The US dollar on June 17, 2025, remained stable and showed a slight upward trend ahead of the Bank of Japan's (BOJ) policy decision, making many investors cautious with risky assets, including cryptocurrencies
– The ongoing Middle East tension continues to maintain a cautious sentiment: conflicts in the region often lead to capital fleeing from short-term risky assets, causing Bitcoin and altcoins to experience high volatility
3. Large token unlock events
– The zkSync (ZK) platform will unlock 20.91% of the circulating supply, equivalent to about 39.55 million USD, and ApeCoin (APE) will release an additional 1.95% of supply, about 10.73 million USD, both on June 17, 2025
– Large “unlock” events typically lead to a temporary increase in supply, creating short-term downward price pressure, although the long-term impacts may vary depending on market demand.