The crypto market remains in consolidation: Bitcoin hovers around 104,000 USD, with a slight intraday decline, while Ethereum oscillates near 2,500 USD, fluctuating in the range between 2,476–2,543 USD.
1. Security & taxation
The recoveries of stolen cryptos in Q1 2025 exceed 1 billion USD, creating tax dilemmas: claiming a deduction and then recovering the assets can trigger ordinary income taxes; not deducting and receiving cash implies capital gains reuters.com.
2. Ethereum in sync
ETH shows signs of rescue driven by stablecoins (USDC, etc.): nearly 50% of these are issued on Ethereum; recent update 'Pectra' has improved efficiency in.wikipedia.org+2marketwatch.com+2huffingtonpost.es+2. Meanwhile, whales have added >800,000 ETH daily, confirming massive accumulation despite a 3.7% drop coindesk.com.
3. Altcoins & volatility
Pi Network: PI dropped to 0.40 USD on June 13, recovering to ~0.53 USD. Technicians show RSI ≈ 32 (oversold) with resistance at 0.57 USD cointribune.com.
XRP: A 60% collapse on June 15 generated liquidations on-chain, contagiously affecting BTC (-15%) and ETH (-20%) in 24h gate.com.
4. Price outlooks
Some firms project that BTC could exceed 120,000 USD to 150–200,000 USD if institutional accumulation and friendly policies (e.g., U.S. crypto reserve) continue cryptorank.io+15ccn.com+15theaustralian.com.au+15.
For ETH, analysts point to possible consolidation between 2,400–2,700 USD, with a breakout towards 3,000–3,500 USD in summer, and the potential for 5,000 USD in 2025 according to ETF flows and staking coindcx.com.
📈 Conclusion:
The market shows stability with silent accumulation: BTC remains in high ranges, ETH strengthens via stablecoins and whales. However, high volatility persists among altcoins, evidenced by extreme events like XRP and PI. Key factors to watch: regulations (hints from the U.S. like the BTC reserve), evolution of network updates, and flows in ETFs.
Recommendation:
Keep an eye on on-chain data (whales, volume), performance after updates like Pectra, and possible cracks in altcoins that impact overall sentiment.
