On June 17, 2025, the cryptocurrency market experienced extreme fluctuations influenced by multiple factors, with geopolitical risks, U.S. regulatory trends, and traditional financial institutions' cryptocurrency strategies becoming today's core topics.
Tensions in the Middle East lead to an 8% short-term plunge in Bitcoin
Former U.S. President Trump issued a warning against Iran on social media, raising market risk aversion. Bitcoin (BTC) sharply fell from a high of $109,000, breaking the support level of $107,000 within two hours, with a single-day fluctuation exceeding 8%; Ethereum (ETH) also fell below $2,600, and the total liquidated amount of leveraged contracts across the network reached $390 million. Analysts point out that if Middle Eastern conflicts escalate further, it may drive funds toward traditional safe-haven assets like gold and the U.S. dollar, putting short-term pressure on the cryptocurrency market.
The United States (GENIUS Act) enters a critical vote
At 4:30 AM Beijing time on June 18, the U.S. Senate will conduct a final vote on the (GENIUS Act) (stablecoin regulatory framework). If passed, the bill will clarify the reserve audit requirements for stablecoin issuers and be sent to the House of Representatives for review. The market generally believes that the implementation of regulatory details may accelerate institutional fund entry, but in the short term, it may trigger price fluctuations in stablecoins such as USDT and USDC.
JPMorgan's cryptocurrency strategy advances further
Wall Street giant JPMorgan recently submitted a trademark application for 'JPMD,' covering digital asset trading, payment clearing, and custody services. Insiders reveal that it may collaborate with Bank of America and Wells Fargo to launch a compliant stablecoin, further bridging traditional finance and the cryptocurrency market. This move is seen as a symbolic action of traditional financial institutions deepening their cryptocurrency strategies.
New opportunities brew amid volatility
The current market is under dual pressure from geopolitical risks and policy uncertainties, with Bitcoin's short-term support level focusing on $105,000. If the (GENIUS Act) passes smoothly, it may lay the foundation for the compliance process in the second half of the year, while the entry of institutions like JPMorgan could bring incremental funds. Investors need to closely monitor the situation in the Middle East, Federal Reserve policy trends, and the results of regulatory votes, adjusting their positions flexibly.