🚨BREAKING NEWS TODAY🚨
📊Below are the important market news on June 23, 2025, and their impact on cryptocurrency:
1. Increasing U.S.–Iran geopolitical tensions
• On June 22, the U.S. officially attacked Iran, leading to a wave of “sheltering” into the USD and gold. This puts pressure on high-risk assets like cryptocurrencies, causing Bitcoin to drop about 2.8% to around ~100,000 USD/BTC and Ethereum to “evaporate” nearly 9% to about 2,200 USD/ETH over the past weekend in Vietnam.
• Widespread anxiety has spread, with the total market capitalization of cryptocurrencies falling nearly 4.2% to 3.070 trillion USD.
2. Current prices of major coins
• Bitcoin (BTC) is trading around 101,135 USD (down ~1,000 USD compared to yesterday).
• Ethereum (ETH), meanwhile, stands at 2,239.61 USD (down about 25.4 USD).
3. Long-term stability policy developments: GENIUS Act
• Although it was only recently passed by the U.S. Senate on June 18 with a vote of 68–30, the “GENIUS Act” (new regulations for stablecoins) could expand the stablecoin market to 2 trillion USD over the next 10 years and require issuers to hold 100% reserves in USD or safe assets.
• In the short term, Circle (USDC) stocks jumped 16% right after this news, a positive signal for stablecoins, but the impact on Bitcoin/ETH is not yet clear due to being overshadowed by geopolitical factors.
4. Strong USD trend
• The inflow of money into the USD has caused the EUR/USD index to slightly rebound from 1.0670 to around 1.072. The strengthening USD reduces the attractiveness of risky assets, including cryptocurrencies.
