🟠 Market Snapshot • Bitcoin (BTC) is trading at around $107,200, down ~1.6% over the past 24 hours. The daily high reached $110,277 before a mild pullback. • Ethereum (ETH) follows suit, currently priced at $2,743, also seeing slight corrections from a daily high of $2,871. • The global crypto market cap stands at $3.43 trillion, down about 1% today.
🔍 What’s Causing the Pullback? 1. Normal Market Correction After nearing an all-time high of $112,000, Bitcoin is undergoing a natural technical correction. These dips often happen after sharp gains as traders lock in profits. 2. Liquidations & Key Support Levels Bitcoin dropped below the $110,000 support, triggering automated sell-offs and liquidation of long positions. Over $617 million in long positions were liquidated across exchanges. 3. Macro & Geopolitical Pressures Even though the U.S. CPI data came in softer than expected (2.4% vs. 2.5%), ongoing geopolitical uncertainty (e.g., U.S.–China trade tensions and Middle East conflicts) is making markets cautious.
📈 Institutional Signals & Ethereum ETF Boom • Ethereum ETFs saw $240 million in net inflows on June 11 alone, exceeding Bitcoin ETFs ($164 million). This marks the 18th consecutive day of net inflows into Ethereum products—a major bullish sign. • Institutional analysts from 21Shares and Cantor Fitzgerald continue to support bullish long-term targets, with BTC potentially reaching $120,000 this summer and possibly $200,000 by year-end if momentum holds.
🌐 Stablecoins & Regulation Momentum • Stablecoin Supply has reached $247 billion, roughly 10% of U.S. M2 money supply in circulation. However, only 6% of these coins are used for actual payments—the rest are tied to trading and DeFi activity. • In the U.S., the proposed GENIUS Act could fast-track stablecoin integration into the regulated financial system.
On March 2, 2025, President Donald Trump announced that the potential strategic reserve of the USA for digital assets will include less-traded tokens like Solana ($SOL ), $XRP , and Cardano $ADA . He stated on his Truth Social account: “I will make the USA the Crypto Capital of the World. Making America great again!”
This statement led to a sharp increase in the prices of these cryptocurrencies: • Solana (SOL): Increased by 19% to $169.71. • Cardano (ADA): Jumped by 50% to just over $1 per token. • XRP: Increased by 27.7% to $2.70.
Bitcoin also noted a rise of 5.5%, reaching over $88,900 per coin.
In the early days after taking office, Trump signed an executive order in support of the growth and use of digital assets and blockchain technologies, promising the establishment of a national reserve of bitcoin – moves that investors welcomed.
These actions underline the administration's ambition to position the USA as a leading force in the crypto industry.
In February 2025, MANTRA signed a $1 billion agreement with the investment holding DAMAC Group, expanding access to tokenized assets in the Middle Eastern market.