**Crypto Market Update for June 18, 2025**
- **Market Overview**: The crypto market is showing mixed signals today. The total market capitalization is around $3.45 trillion,
- **Bitcoin (BTC)**: Bitcoin is trading at approximately $105,650.15, down 1.17% today. Despite the dip, institutional interest remains strong, with BlackRock recently adding 2,454 BTC to its holdings, now totaling 674,000 BTC. Analysts suggest BTC could hit $119,200 by June 21 if historical trends linked to oil price .
*Ethereum (ETH)**: Ethereum is trading at around $2,497.34, reflecting a 5.30% decline over the past 24 hours. US spot ETH ETFs saw $2.18 million in outflows, breaking an 19-day inflow streak. However, whale and shark wallets have accumulated 1.49M ETH over the past month, signaling long-term confidence.
- **Altcoins**:
- **XRP**: Trading near $2.23 after rejecting $2.36 resistance, with bulls defending the $2.15
- **Tron (TRX)**: Priced at $0.2790, up 40% from its yearly low, potentially boosted by a reverse merger with SRM Entertainment.
- **Shiba Inu (SHIB)**: Dropped to $0.00001160, down 35% from recent peaks due to whale sell-offs, despite an increased token burn rate.
- **Pi Network**: Trading near $0.559, with bearish momentum testing key
- **Vietnam Legalizes Crypto**: Vietnam’s National Assembly passed the Digital Technology Industry Law on June 14, 2025, effective January 1, 2026, officially recognizing and regulating digitally
- **Solana ETF Progress**: The US SEC has requested updated S-1 forms from Solana ETF issuers, due by the end of this week, signaling potential approval.
- **Arbitrum’s DRIP Proposal**: Voting on Arbitrum’s DeFi Renaissance Incentive Program (DRIP) ends June 20, 2025, aimin
- **Coinbase and Gemini in Europe**: Both exchanges are pursuing licenses under the EU’s MiCA framework, with full implementation
- **Michael Saylor’s Advisory Role**: MicroStrategy’s Michael Saylor is reportedly advising Pakistan on its national crypto strategy, discussing Bitcoin designed for crypto gaming, featuring a built-in hard wallet and self-destruct drive, with preorders starting cryptonews.
- **Sentiment and Trends**: Market sentiment is leaning toward fear, retreating from recent neutral levels (52 on June 8). Posts on X highlight institutional moves, such as JPMorgan accepting BTC ETFs as collateral and Truth Social filing for a spot Bitcoin ETF. However, short-term volatility persists due to geopolitical tensions and regulatory shifts. Authority of Singapore (MAS) has set a June 30, 2025, deadline for unlicensed crypto firms to cease offshore services, impacting exchanges like Bitget and
**Takeaway**: While Bitcoin and Ethereum face short-term corrections, institutional adoption and regulatory advancements (e.g., Vietnam’s legalization, Solana ETF progress) signal long-term optimism. Investors should stay cautious due to volatility and monitor key events like the US Federal Reserve’s interest rate decision today, which could impact .
*Note*: Always conduct thorough research before investing, as crypto markets are highly volatile and subject to regulatory history.