Summary of yesterday
Yesterday, June 17, 2025, the cryptocurrency market saw a pullback in prices, driven mainly by the escalation of geopolitical tensions in the Middle East (conflicts between Israel and Iran) and expectations regarding the Federal Reserve's (Fed) interest rate decision.
Bitcoin (BTC) fell to around $104,400, down approximately 4%. Ethereum (ETH) also suffered, losing about 5.9% and trading near $2,512. Other cryptocurrencies like Solana (SOL) also recorded significant drops.
Despite the decline, some reports indicate that institutional demand for Bitcoin and Ethereum ETFs continues, suggesting cautious optimism in the long term, even with market volatility.
In relevant news, JPMorgan tested the JPMD deposit token on the Base blockchain, and Coinbase expressed interest in offering tokenized stocks in the US, increasing pressure on the SEC. In Brazil, the Central Bank announced that the Drex pilot project will have a third phase, focused on the credit market.
What are your expectations
