📉 Market data
Bitcoin decreased by ~4%, down to ≈ $99,200 — the lowest value since early May.
The ether has dropped even further — approximately by 8.5%, down to ≈ $2,199.
Over the day, more than $1 billion in crypto positions, mostly long, were liquidated — the market's reaction to the US-Iran escalation.
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📊 Volatility and liquidations
On June 20, a sharp decline in BTC price from above $106,000 to below $103,000 triggered a wave of liquidations worth **$450 million**.
According to TradingView, market capitalization ↓ ~2.3%, down to ≈ $3.37 trillion.
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🏛 Regulation and government influence
The US Senate on Friday (June 17) supported the GENIUS Act — a bill regulating stablecoins (68–30), the next step is a vote in the House of Representatives. Then a signature is expected before the August break in Congress.
The law requires banking reserves for stablecoin issuers, a shake-up for companies like Circle and Tether.
Experts note that the regulation is inspired by Circle-IPO (stock rise of 80%), confirming institutional interest in stablecoins.
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🏢 Major players and projects
Trump Media has filed for an ETF with bitcoin (75%) and ether (25%), collaborating with Crypto.com — continuing the '4-Year Economy' policy.
Tron / Justin Sun is going public through a reverse merger (SPAC), the company SRM Entertainment turns into Tron Inc, targeting $100 million investment in the TRX token.
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🌐 Global perspective
Despite the decline in the USA, promising assets in Asia: XEM (NEM) rose by 38% on June 21 — a striking example of an altcoin outperforming the market.
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🔍 Outcomes and expectations
The market remains volatile: geopolitics (US–Iran), regulatory background in the US, institutional activity — the main drivers.
BTC positions ~ $99,000, ETH ~ $2,200 — levels of strong pressure, a rebound or continued correction is possible depending on news regarding the GENIUS Act and the Federal Reserve.
Particular attention is on the movement according to US laws, which traders and investors are paying special attention to.