My people! What's up, crypto pals! 🤩 Hold on tight because today I bring you the hot gossip that's got half the world holding their breath. After a few days of rising that had us dancing champagne, today the crypto market turned as red as a traffic light during rush hour! 🚨 Things are heating up and we need to be sharper than ever.
It turns out that today, June 12, 2025, most of the top cryptocurrencies, and I mean almost all of the top 100!, woke up with prices down. It's like a black cloud ☁️ settled over the digital world. The total market capitalization of cryptocurrencies plummeted by 4%, now at $3.51 trillion! And the trading volume also felt the drop, resting at around $132 billion. Quite serious!
Here’s the summary so you don't miss out on the scoop:
The market turned redder than hot chili today. 🌶️
Bitcoin (BTC) pulled back and fell to $107,500. Oh, my BTC! 😩
Ethereum (ETH) didn't lag behind and is at $2,749, with a slight drop as well. 😔
Even though Ethereum is a bit down, experts are saying its rebound signals go beyond what we see in the price. There is hope, folks! ✨
Volatility, that which keeps us all on edge, is rising! So be ready for the ups and downs. 🎢
Surprise! The ETH spot ETFs in the U.S. are outperforming BTC in cash inflows. ETH is pulling a surprise! 💸
Markets are digesting a combo of news: the trade agreement between the U.S. and China (that’s more complicated than making rice without burning it! 🍚) and the U.S. inflation report (that really hits our pockets!).
Today's drop might be temporary, but the market is at a crossroads, just like in a soap opera! 🎭
Who won and who lost in this play?
Well, look, yesterday Dogecoin (DOGE) was skyrocketing and today... boom! It took the biggest hit, dropping 6.2% and landing at $0.1898. From hero to villain in a day! 😂 Meanwhile, of the top 100, only four escaped the burn. SPX6900 (SPX) was the biggest gainer, up 8.1%! And Jupiter (JUP) was the biggest loser, down 10.6%. This is drama!
What is causing all this commotion?
This week has been like a blender of news. We had the trade deal between the U.S. and China, which I already mentioned, is a mess! The U.S. inflation report also came out (that one really shakes our wallets! 💰). And to top it off, the U.S. Senate was voting on a stablecoin law. Too much information to process!
And speaking of stablecoins, the giant Ant Group, Jack Ma's company, wants to apply for licenses to operate with them in Asia! Now that's a chess move! ♟️
Is the crypto market becoming more sensitive than one during exam time?
According to the folks at Glassnode, Bitcoin remains strong above $100,000, which shows that people still have confidence. 💪 But be careful, as volatility expectations are rising. It's as if the market is more prone to mood swings. If you have a lot of money in cryptos, these changes hit harder!
But don't worry, experienced investors aren't suffering huge losses. Those selling at a loss are the ones who bought when prices were at their peak, the most "risky"! But experts say volatility is not reflected in options, suggesting some might be underestimating the price swings. So stay alert!
Many eyes are on Ethereum, and rightly so. Dom Harz, co-founder of BOB, says that ETH's recent surge "marks a significant shift in sentiment." This is not just about price, but also due to technical improvements, market activity, and even signals from regulators. It's about more than what we see! The Pectra update has been launched, and SEC support for DeFi is giving it a boost.
Dom Harz concludes that we are living exciting times for DeFi and the role of Ethereum. It's time to move past the noise of memecoins and focus on building systems that truly matter! The foundations of the crypto future are there!
What levels and events do we need to keep an eye on?
Right now, BTC is at $107,563. It moved a bit away from its all-time high of $111,814! The key support is at $97,600 and resistance at $115,400. Let's see what happens!
Ethereum, for its part, hit a high of $2,870 today. Analysts believe ETH will continue to rise. There is hope! 🤞
And the famous Crypto Fear and Greed Index dropped a little today, from 65 to 61. This could be a sign that the market is "cooling down" and a correction might come, but it could also mean it's moving towards a more neutral zone, giving us a breather. No need to panic yet!
And an interesting fact! The BTC spot ETFs in the U.S. had a net inflow of $164.57 million yesterday. BlackRock took the biggest slice! 💰
But hold on! The ETH spot ETFs in the U.S. have seen 18 consecutive days of inflows, and today they brought in $240.29 million! They surpassed BTC! BlackRock is also the biggest player in this game. ETH is on fire! 🔥
Seamus Rocca from Xapo Bank says companies are putting more money into Bitcoin, but we shouldn't follow the trend blindly. It's about investing what we can hold long-term, without panicking over volatility. Patience and discipline, folks!
So you know, the market is crazy, but we need to stay informed and not get carried away by panic. This is the crypto world, and it always has some surprises for us!$BTC $ETH $XRP
