The crypto market registered a marginal decline over the past 24 hours, as Bitcoin (BTC) and other cryptocurrencies traded in the red. Prices have been consolidating in the past few days, with BTC consolidating around the $107,000-$107,500 mark. The flagship cryptocurrency has been marginally down over the past 24 hours, trading around $107,402.
Meanwhile, Ethereum (ETH) fell from a high of $2,532 on Thursday to close at $2,415. The world’s second-largest cryptocurrency is down over 1% in the past 24 hours, struggling to stay above $2,400.
Ripple (XRP) is down over 4%, trading around $2.09, while Solana (SOL) is down nearly 3%, trading around $140. Dogecoin (DOGE), Cardano (ADA), Chainlink (LINK), Stellar (XLM), Toncoin (TON), Litecoin (LTC), Hedera (HBAR), and Polkadot (DOT) have also registered notable declines.
Coinbase Stock Hits New Closing High
According to data from Google Finance, Coinbase (COIN) shares ended Thursday at a new all-time closing high of $369.21. Real Vision CEO Raoul Paul reacted to the stock’s new high, stating,
“Wow, $HOOD, $COIN, and $RKLB are going vertical now. All in the RV Pro portfolio (added to all via calls at April lows). $TSLA is likely to follow. The next step is crypto. The liquidity spigot is wide, wide open.”
The recent gains are 3.3% higher from the stock’s previous closing high of $357.59 in November 2021. Coinbase was the best-performing S&P 500 stock on Tuesday, rising over 12%. The stock’s stellar performance comes only a month after it became the first crypto firm to join the S&P 500.
However, analysts are split on whether the rally could continue. Investment advisor Andy Heilman stated that while COIN has made stellar gains, it is due a correction. Another prominent analyst stated that the daily Bollinger Band, a volatility indicator that uses price bands, is expanding and looking to go higher.
Dow Jones Edges Higher As Trump Eyes Powell Replacement
US stocks climbed higher on Thursday amid reports that President Donald Trump is close to selecting Fed Chair Jerome Powell’s replacement. The Dow Jones Industrial Average rose 0.57% or 200 points, while the benchmark S&P 500 gained 500 points. The Nasdaq Composite rose 0.23% as investors bet on increased chances of interest rate cuts by the central bank. The market enthusiasm also stemmed from President Trump, who has stepped up criticism of Powell after the Fed decided to keep interest rates steady. Powell testified before lawmakers in Washington amid reports Trump is close to selecting his replacement. Powell’s term is set to end in May 2026.
Trump has whittled down the list to four candidates, with reports stating he could announce a replacement as early as this summer.
Real-World Assets (RWAs) Hit $24B, Private Credit Leads Growth
According to a report by RedStone, private credit has emerged as the primary growth driver in the RWA market, helping it become one of the fastest-growing categories. RWAs surged to $24 billion in value, up from $10 billion in 2022. This was topped only by stablecoins, which registered even stronger growth in the same period. Marcin Kaźmierczak, co-founder of RedStone, believes private credit is the primary driver of the burgeoning growth of RWA assets. Private credit refers to loans made outside the traditional banking system, often issued directly to private entities.
“Private credit has emerged as the foundation for tokenization’s real-world impact. What we’re seeing now is institutional finance actively moving into blockchain—not just exploring, but deploying capital in meaningful ways and innovating with RWA looping strategies.”
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) is marginally up during the ongoing session after briefly giving up the $107,000 level Thursday when it fell from an intraday high of $108,343 to $106,970. BTC started the week with a stunning rally as market sentiment improved after the US-brokered Israel-Iran ceasefire. As a result, the flagship cryptocurrency rallied to reclaim $105,000 and went past $106,000 on Tuesday. Bullish sentiment persisted on Wednesday as BTC crossed $107,000 and settled at $107,393 before entering a consolidation phase.
Market analyst Rekt Capital shared a roadmap for BTC for the rest of 2025, noting that the current cycle has been one of the reaccumulation ranges. The analyst explained that these have formed throughout the cycle since 2022 and have evolved since the latest Bitcoin halving. Rekt Capital stated that during the downside period, BTC registered short price deviations with downside wicks below the reaccumulation range lows on the weekly chart. On the other hand, the post-halving phase has seen BTC deviations occur with multi-week clusters of full-bodied candles below range lows.
Analysts highlighted that BTC formed a bullish engulfing candlestick, fully reversing the weekend’s bearish price action. The pattern also ensured BTC maintained its position above $105,000, indicating a potential shift in market structure, adding weight to the flagship cryptocurrency’s ongoing recovery. However, despite the bullish setup, market sentiment is divided. BTC has recorded 19 instances of the bullish engulfing pattern meeting the defined confirmation criteria. Of these, 15 led to new local highs in the following days or weeks. More importantly, 19 instances occurred within a broader bull market context. The prevailing bull market structure indicates a statistically favorable environment for continuing the current price action, potentially pushing BTC to new highs.
BTC registered a sharp drop on Tuesday (June 17), falling over 2%, slipping below the 20-day SMA and $105,000 to $104,519. Despite the bearish sentiment, it registered a marginal increase on Wednesday, rising 0.35% to $104,884. However, it was back in the red on Thursday, dropping 0.24% to $104,631. BTC raced to an intraday high of $106,513 on Friday as buyers attempted to overwhelm upper-level resistance. However, it lost momentum after reaching this level and dropped 1.19%, slipping below the 50-day SMA and settling at $103,388.
Source: TradingView
Sellers retained control on Saturday as the price fell 1.17% to $102,180, but not before hitting an intraday low of $102,180. BTC plunged below $100,000 on Sunday as market sentiment worsened, falling to $98,385. It recovered from this level to reclaim $100,000 and settle at $100,982. Bullish sentiment returned on Monday as the price surged over 4% to reclaim $105,000 and settle at $105,442. Buyers retained control on Tuesday as BTC crossed $106,000 on Tuesday and $107,000 on Wednesday to settle at $107,393. The price lost momentum on Thursday, dropping 0.39% to slip below $107,000 and settle at $106,970. The current session sees BTC marginally down as buyers and sellers struggle to establish control.
Ethereum (ETH) Price Analysis
Ethereum (ETH) remains range-bound as it trades under $2,450. However, the world’s second-largest cryptocurrency is up 1.58% during the ongoing session, trading around $2,458. Market activity across its derivatives and spot markets has been relatively neutral over the past few days, indicating that traders remain cautious. The altcoin’s Network Realized Profit/Loss and Mean Coin Age metrics suggest traders have scaled back trading activity, pushing daily profits and losses below $100 million. The number of whales holding 10,000 and 100,000 ETH has also remained stable over the week, rising by 7,000 ETH, according to data from CryptoQuant.
The altcoin’s derivatives market shows similar trends, with open interest (OI) staying below the 13 million ETH mark since Saturday.
ETH started the previous week in the red despite racing to an intraday high of $2,680. It lost momentum after reaching this level and fell to $2,544, ultimately registering a marginal decline. Sellers retained control on Tuesday as the price fell 1.31% to $2,511. Despite the selling pressure, ETH recovered on Wednesday, rising 0.57%, but was back in the red on Thursday, registering a marginal decline and settling at $2,522. Selling pressure intensified on Friday as the price fell nearly 5%, slipping below the 50-day SMA and $2,500 to $2,406.
Source: TradingView
Price action remained bearish on Saturday as ETH fell nearly 5%, slipping to a low of $2,215 before settling at $2,296. The price plunged to an intraday low of $2,116 on Sunday as market sentiment worsened. It rebounded from this level to reclaim $2,200 and settle at $2,229. Market sentiment flipped to bullish on Monday as Middle East tensions eased. As a result, ETH surged over 8% to cross $2,400 and settle at $2,413. Buyers retained control on Tuesday as the price rose 1.51% to $2,450. ETH lost momentum on Wednesday, falling 1.25% to $2,419. It raced to an intraday high of $2,532 but lost momentum after reaching this level, ultimately settling at $2,415 after a marginal decline. However, ETH is back in positive territory during the ongoing session, with the price up 1.29% at $2,446. Buyers will look to maintain control and push the price beyond $2,500.
Solana (SOL) Price Analysis
Solana (SOL) rebounded after registering a substantial drop on Wednesday and Thursday, as profit-taking took center stage. The world’s sixth-largest cryptocurrency peaked on Wednesday, reaching an intraday high of $148 before losing momentum and dropping to $143. Buyers attempted another move past the moving average on Thursday before dropping over 3% to $139.
SOL started the previous week in bearish territory, dropping 1.52% to $150 on Monday (June 16). Sellers retained control on Tuesday as the price fell over 2%, slipping below $150 and settling at $147. Price action remained bearish on Wednesday as SOL fell almost 1% to $146. Despite the overwhelming selling pressure, SOL recovered on Thursday to register a marginal increase and move to $147. However, selling pressure returned on Friday as SOL fell nearly 5% to $140.
Source: TradingView
Sellers retained control on Saturday as SOL dropped 3.30%, slipping below $140 and settling at $135. The price plunged to an intraday low of $126 on Sunday as selling pressure intensified. However, it rebounded from this level to reclaim $130 and settle at $131. Markets started the week on a bullish note, with SOL surging nearly 10% to reclaim $140 and settle at $144. The price continued pushing higher on Tuesday increasing almost 1% to $145. However, SOL lost momentum after reaching this level, falling 1.62% to $143 on Wednesday. The price reached an intraday high of $147 on Thursday but lost momentum, falling over 3% to slip below $140 and settle at $139. SOL has recovered during the ongoing session, with the price up over 2% at $142.
Toncoin (TON) Price Analysis
Toncoin (TON) registered a marginal decline after reaching an intraday high of $3.04 on Monday (June 16), ultimately settling at $3.97. The price recovered on Tuesday, rising to an intraday high of $3.02 before losing momentum and falling to $2.96. TON plunged to an intraday low of $2.85 on Wednesday as selling pressure intensified. However, it rebounded to settle at $2.94, registering a drop of nearly 1%. TON’s see-saw price action persisted on Thursday as the price rose almost 1% to $2.97. However, it was back in the red on Friday, falling 1.11% to $2.93.
Source: TradingView
Sellers retained control over the weekend as TON fell nearly 3% on Saturday before plunging to an intraday low of $2,61 on Sunday. The price rebounded from this level to settle at $2.73, ultimately registering a drop of over 4%. TON recovered on Monday, rising 6.49% and settling at $2.91. Despite the strong start to the week, it registered a marginal decline on Tuesday. Selling pressure intensified on Wednesday as the price fell over 2% to $2.83. Sellers retained control on Thursday, with TON falling almost 1% to $2.81. However, it has recovered during the ongoing session, up nearly 1%, trading around $2.83.
Aptos (APT) Price Analysis
Aptos (APT) price action turned bearish on Tuesday (June 17), falling 5% to $4.45. It registered a marginal increase on Wednesday despite facing selling pressure and volatility but was back in the red on Thursday, dropping 1.47% to $4.39. Sellers retained control on Friday as APT fell nearly 3% to $4.27. The price surged to an intraday high of $4.69 as buyers attempted a move to $5. However, it lost momentum after reaching this level and fell over 2% to $4.17. Selling pressure intensified on Sunday as market sentiment worsened. As a result, APT dropped nearly 6%, falling to a low of $3.75 before settling at $3.92.
Source: TradingView
APT started the week on a bullish note, surging almost 10% to $4.31. Bullish sentiment intensified on Tuesday as APT rallied nearly 15%, crossing the 20-day SMA and $4.50 to settle at $4.96. However, it could not push higher and lost momentum on Wednesday, falling 1.37% to $4.88, but not before dropping to an intraday low of $4.64. APT faced selling pressure and volatility Thursday as sellers attempted to overwhelm buyers. However, the price rebounded from a low of $4.64 to settle at $4.88, ultimately registering a marginal decline. APT has recovered during the ongoing session and is up over 3%, trading around $5.04.
Cosmos (ATOM) Price Analysis
Cosmos (ATOM) registered a substantial decline on Tuesday (June 17), falling 2.52% to $4.03. It declined on Wednesday, registering a marginal drop and settling at $4.01. Despite the selling pressure, ATOM recovered on Thursday, rising 0.43% to $4.03. However, selling pressure returned on Friday as the price fell to a low of $3.84 before settling at $3.93, ultimately registering a drop of 2.35%. Sellers retained control on Saturday as ATOM fell 3.44% to $3.80 before plunging to a low of $3.55 on Sunday. It recovered from this level to settle at $3.71, registering a drop of 2.33%.
Source: TradingView
ATOM started the current week on a bullish note, rising nearly 10% to reclaim $4 and settle at $4.07. Buyers lost momentum on Tuesday as the price registered only a marginal increase. Price action turned bearish on Wednesday as ATOM fell over 2% to $4. Sellers retained control on Thursday, and ATOM fell 2.67%, slipping below $4 and settling at $3.89. ATOM is marginally up during the ongoing session, trading around $3.91. Buyers will look to retain control and push the price back above $4.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
