📊 Market Highlights — June 24
Crypto markets opened the week with a sharp recovery.
After dipping to $99K overnight, Bitcoin climbed back to $105K as Middle East tensions temporarily cooled. Altcoins bounced alongside, while the Fear & Greed Index hit 65 — tipping into 'Greed' territory.
The rally gained fuel when Donald Trump announced a phased ceasefire deal between Iran and Israel, expected to be fully enforced within 24 hours.
📌 What’s Ahead:
At 1:00 AM UTC (June 25): Fed Chair Jerome Powell faces a crucial hearing before U.S. lawmakers — a moment that could stir fresh volatility.
📈 Institutional Moves:
ETF inflows remained strong on June 23:
Bitcoin Spot ETFs attracted +$350.5M
- BlackRock led the charge with +$217.7M — marking its 10th straight positive session
Ethereum Spot ETFs added +$100.7M
- Fidelity: +$60.5M
- BlackRock: +$25.8M
📌 Headlines You Shouldn’t Miss:
U.S. Fed quietly scrapped its ‘reputational risk’ clause for banks dealing with crypto firms — a major regulatory green light.
FHFA (U.S. housing finance authority) revealed it will assess the impact of crypto assets on mortgage lending rules.
Bloomberg reports the former Coral Capital Holdings CEO plans to raise $100M for a BNB accumulation fund.
Texas state officials are prepping to buy $10M worth of Bitcoin following recent legislation establishing a state Bitcoin reserve.
DeFi Development on Solana announced plans to tokenize equities in partnership with Kraken.
VMS Group (Hong Kong family office managing $4B) committed $10M into Re7 Capital’s DeFi fund.
France’s The Blockchain Group acquired an additional 75 BTC (~$6.9M), boosting holdings to 1,728 BTC.
ProCap BTC unveiled plans to list on Nasdaq and set up a $1B Bitcoin investment fund.
I don’t know who you are, but to everyone out there — be careful, my brothers.
