BitcoinWorld Bitcoin Shorting: Abraxas Capital Faces Staggering $14.5M Loss In the dynamic and often unpredictable world of cryptocurrency, high-stakes bets are a daily occurrence. However, even seasoned players can find themselves on the wrong side of a market move. Recently, news broke that Abraxas Capital, a prominent London-based investment manager, incurred a significant unrealized loss of $14.5 million on its Bitcoin shorting position within a mere 24 hours. This development, reported by Arkham on X, serves as a stark reminder of the immense volatility and inherent risks involved in institutional crypto trading , particularly when dealing with substantial crypto shorts . What Exactly Happened? Abraxas Capital’s Bold Bet The report from Arkham, a well-known on-chain analytics platform, highlighted the rapid turn of events for Abraxas Capital. While the exact timing of their short position entry isn’t publicly detailed, the $14.5 million figure represents an unrealized loss, meaning the position is still open and the loss hasn’t been crystallized by closing the trade. This substantial figure, accrued over just one day, underscores the swift and often brutal movements characteristic of the Bitcoin market. Despite this recent setback, Abraxas Capital continues to hold a formidable presence in the crypto derivatives market. Their portfolio still includes over $450 million in total crypto shorts, with more than $200 million specifically allocated to Bitcoin. This indicates a continued, albeit challenged, bearish outlook on certain crypto assets or perhaps a complex hedging strategy designed to offset other long positions within their broader investment framework. For an investment manager of Abraxas Capital’s caliber, managing such large positions requires sophisticated risk assessment and a deep understanding of market mechanics. Understanding Bitcoin Shorting: A Risky Endeavor For those unfamiliar, Bitcoin shorting , or short selling, is a trading strategy where an investor profits from a decline in an asset’s price. It’s the inverse of traditional investing, where you buy low and sell high. Here’s how it generally works: Borrowing: The short seller borrows Bitcoin from a broker or exchange. Selling: They immediately sell the borrowed Bitcoin on the open market at the current price. Waiting: The short seller then waits for the price of Bitcoin to drop. Buying Back: If the price falls, they buy back the same amount of Bitcoin at the lower price. Returning: The bought-back Bitcoin is returned to the lender, and the short seller pockets the difference, minus any fees or interest on the borrowed assets. While seemingly straightforward, short selling carries significant risks, especially with highly volatile assets like Bitcoin. Unlike a traditional ‘long’ position where your maximum loss is your initial investment (if the asset goes to zero), a short position has theoretically unlimited loss potential. If the price of the asset rises instead of falls, the short seller has to buy it back at a higher price to return it, and there’s no ceiling to how high an asset’s price can go. This is precisely what likely contributed to Abraxas Capital’s recent unrealized loss . Short Selling vs. Long Investing: Key Differences To further clarify the contrast, consider the fundamental differences: Feature Short Selling Long Investing Market Outlook Bearish (expect price to fall) Bullish (expect price to rise) Profit Source Price decline Price increase Risk Profile Potentially unlimited loss Limited loss (initial investment) Mechanism Borrow, Sell, Buy Back, Return Buy, Hold, Sell Time Horizon Often shorter-term Can be short or long-term The Peril of Institutional Crypto Trading: High Stakes, Higher Volatility The case of Abraxas Capital underscores the unique challenges faced by firms engaged in institutional crypto trading . While institutions bring significant capital and sophisticated strategies to the market, they are not immune to its inherent volatility. Cryptocurrencies, particularly Bitcoin, are known for their dramatic price swings, often influenced by macroeconomic factors, regulatory news, technological developments, and even social media sentiment. For an investment manager like Abraxas Capital, navigating these waters means constantly re-evaluating positions, managing significant exposure, and having robust risk management protocols in place. A $14.5 million loss, even if unrealized, is a substantial sum that requires careful consideration. It highlights the fine line between calculated risk and significant financial setback that even large, experienced players must walk. Moreover, the transparency offered by on-chain analytics platforms like Arkham means that institutional movements, both profitable and loss-making, are increasingly visible. This level of public scrutiny adds another layer of pressure for firms managing substantial crypto shorts and other positions. Navigating Significant Crypto Shorts: Strategies and Risks When an entity holds significant crypto shorts , especially in a market as volatile as Bitcoin’s, risk management becomes paramount. While the exact strategies employed by Abraxas Capital are proprietary, institutional traders typically employ several techniques to mitigate potential losses: Stop-Loss Orders: Automatically closing a position if the price moves against them by a certain percentage, limiting potential losses. Position Sizing: Carefully determining the amount of capital allocated to a single trade to ensure no single loss can critically damage the overall portfolio. Hedging: Holding offsetting positions (e.g., being long in one asset while shorting another correlated asset) to balance risk. Diversification: Spreading investments across various assets to avoid over-reliance on any single one. Constant Monitoring: Utilizing advanced analytics and real-time data to track market movements and adjust positions rapidly. One of the biggest threats to short sellers, particularly in crypto, is a ‘short squeeze.’ This occurs when a cryptocurrency’s price rises sharply, forcing short sellers to buy back their borrowed assets to cover their positions and limit further losses. This forced buying, in turn, pushes the price even higher, creating a vicious cycle that can lead to massive losses for those holding short positions. Bitcoin has a history of dramatic short squeezes, fueled by its passionate community and rapid liquidity shifts. The fact that Abraxas Capital still holds over $200 million in Bitcoin shorts after this unrealized loss suggests either a strong conviction in their bearish outlook for the medium to long term, or that these shorts are part of a more complex, multi-layered hedging strategy designed to protect a larger portfolio from potential downturns. What Does This Unrealized Loss Mean for the Market? The news of Abraxas Capital’s significant unrealized loss on its Bitcoin short position carries several implications for the broader cryptocurrency market: Reminder of Volatility: It serves as a powerful reminder that even with institutional-level resources and expertise, the crypto market remains incredibly volatile and unpredictable. Institutional Caution: While institutions are increasingly entering the crypto space, such events might lead some to approach highly leveraged or directional bets with greater caution. Transparency in On-Chain Data: The fact that Arkham could identify and report this loss highlights the growing transparency of on-chain data, allowing for a clearer view of institutional flows and positions. This is a double-edged sword: it offers insights but also exposes large players to public scrutiny. Lessons for All Traders: Both institutional and retail traders can learn from this. The importance of strict risk management, understanding the full scope of potential losses, and not over-leveraging positions cannot be overstated. Even the pros get it wrong sometimes. This event doesn’t necessarily signal a widespread bearish sentiment among institutions, as many continue to explore and invest in crypto through various avenues, including spot Bitcoin ETFs. However, it does highlight the inherent risks of aggressive directional bets in a market prone to rapid reversals. Beyond the Numbers: The Broader Picture for Bitcoin Bitcoin has seen remarkable price action recently, fueled by factors such as the approval of spot Bitcoin ETFs in the U.S., increasing institutional adoption, and the upcoming halving event. In this context, taking a significant Bitcoin shorting position might seem counterintuitive to some. However, institutions might short Bitcoin for several reasons: Hedging: If Abraxas Capital holds substantial long positions in other crypto assets or even in Bitcoin itself, shorting could be a way to hedge against a potential market downturn, protecting their overall portfolio value. Contrarian View: Some firms might genuinely believe that Bitcoin is overvalued at certain points and due for a correction, positioning themselves to profit from such a decline. Arbitrage Opportunities: In complex trading strategies, short positions might be part of an arbitrage play across different exchanges or derivatives markets. Regardless of their specific motivation, this incident reaffirms that the crypto market is a battleground where even the most sophisticated strategies can face unexpected headwinds. The ongoing evolution of institutional crypto trading will undoubtedly continue to generate both incredible profits and significant losses, shaping the future landscape of digital assets. Conclusion: A Stark Reminder of Market Realities The $14.5 million unrealized loss incurred by Abraxas Capital on its Bitcoin shorting position serves as a powerful, real-world example of the inherent volatility and risk associated with cryptocurrency markets, even for experienced players engaged in large-scale institutional crypto trading . It underscores that while the potential rewards in crypto are high, so too are the risks, particularly when employing strategies like holding substantial crypto shorts . This event should prompt both institutional and retail investors to double down on robust risk management practices, conduct thorough due diligence, and always be prepared for unexpected market movements. In a landscape where transparency is increasing thanks to platforms like Arkham, the actions and outcomes of major players become lessons for all. The saga of Abraxas Capital’s Bitcoin short is a vivid illustration that in the world of digital assets, fortune favors the prepared, but even the prepared can face staggering challenges. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action and institutional adoption. This post Bitcoin Shorting: Abraxas Capital Faces Staggering $14.5M Loss first appeared on BitcoinWorld and is written by Editorial Team
Arthur Britto, a co-founder of Ripple and co-developer of the XRP Ledger, has broken a 14-year silence by posting on X, igniting renewed interest and speculation about XRP’s future. Despite
Ripple is scheduled to unlock 1 billion XRP from its escrow in July 2025, continuing the programmed monthly release that Ripple established in 2017. As is standard this release is expected to occur on July 1, 2025, in line with Ripple’s practice of unlocking 1 billion tokens on the first day of each month since there have been no announced deviations for July – Ripple is following the standard pattern of a 1 billion XRP escrow release, as the escrow mechanism “remains unchanged” and continues its regular monthly schedule. In other words, July’s escrow unlock will be business-as-usual, adhering to the long-standing plan of controlled XRP supply releases. Currently with the digital asset trading at $2.18 at the time of publication, 1 billion XRP tokens would be worth $2.8 billion. June 2025 escrow release and re-locking Postings of Ripple’s June 1, 2025 escrow unlock transactions (400M + 500M + 100M XRP) totalin 1,000,000,000 XRP released from escrow. Ripple’s June 2025 escrow event illustrated the typical pattern: 1 billion XRP was unlocked at the start of the month (split into multiple transactions) and then a majority of that was returned to escrow. Specifically, Ripple re-escrowed ~670 million XRP during June, which means roughly 330 million XRP from the June release was actually added to circulation or used for Ripple’s operations. This outcome, about one-third of the unlocked XRP entering the market and the rest being re-locked is consistent with Ripple’s routine. The company regularly re-locks 60–70% of the monthly unlocked amount to maintain a predictable supply, using only ~30–40% for liquidity, operational expenditures, and partnerships. As a result, June’s net addition to the circulating supply (~330 million XRP) fell in line with expectations. Rumors of U.S. government seizing XRP escrow In late June 2025, speculation on social media claimed that the U.S. government was planning to seize Ripple’s escrowed XRP holdings to use them as a national crypto reserve. However, no credible evidence ever surfaced to support these claims, and they were swiftly debunked by official sources. No it won’t. https://t.co/48zQvTBUg9 — bill morgan (@Belisarius2020) June 21, 2025 Ripple’s legal counsel Bill Morgan publicly refuted the seizure rumor, replying “No, it won’t” when asked if the government would take the escrowed XRP. The post Ripple set to unlock 1 billion XRP on July 1, 2025 appeared first on Finbold .
The post Israeli Arrested for Selling Secrets to Iran for Crypto appeared first on Coinpedia Fintech News As global tensions increase and digital assets gain ground, a new front in warfare technique is emerging, one that’s funded by crypto. In an eye-opening instance, Israeli authorities have arrested a 27-year-old man from Tel Aviv, accusing him of spying for Iran in exchange for cryptocurrency payments. Though Trump announced an Iran-Israel ceasefire, this spy case has added a new twist in the global arena. Spying for Crypto Raises Red Flags As per the local media report , authorities claim that the man had been in contact with an Iranian agent for several months. During this time, he reportedly carried out several intelligence-related tasks at the agent’s request. These included photographing the homes of Israeli public officials, documenting military bases, and even spray-painting graffiti, possibly as a form of coded messaging or psychological warfare. According to investigators, the suspect received thousands of dollars in cryptocurrency as payment for his work. This digital trail has raised red flags, showing how cryptocurrencies can be used to fund covert and potentially dangerous activities. During a search of the man’s home, officials confiscated computers and digital storage devices believed to have been used to communicate with his Iranian handlers. While the full extent of his activities is still being investigated, the Tel Aviv Magistrate’s Court has extended his detention until June 26 to allow authorities more time to gather evidence. Iranian Recruitment Campaigns Targeting Israelis The Shin Bet and Israeli police issued a joint warning following the arrest, urging the public to remain cautious of foreign contact, particularly on social media. They revealed that Iranian intelligence and affiliated terror groups are actively trying to recruit Israelis through online platforms. Security officials emphasized that any citizen caught cooperating with enemy states would face severe legal consequences. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Israeli Arrested for Selling Secrets to Iran for Crypto , Warning Call for the Public? This case surfaces amid growing crypto-related concerns on both sides. Just last week, Iran’s central bank imposed stricter controls on domestic crypto exchanges after a cyberattack drained $90 million from Nobitex, the country’s largest platform. As Iran tightens its oversight, the use of crypto in covert operations and illicit financing continues to blur the lines between financial freedom and national security threats. In a digital world where enemies may be only a message away, the role of crypto in global conflict is becoming harder to ignore. However, this is not the first time crypto has been used for illegal activities. 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Japan’s Financial Services Agency (FSA) has proposed a groundbreaking regulatory shift that could pave the way for Bitcoin ETFs and introduce a flat 20% tax rate on crypto gains, significantly
BitcoinWorld South Korea Crypto Regulations: Pivotal Banking Proposals Face Uncertain Delay Are you tracking the evolving landscape of South Korea crypto regulations ? The latest news from Seoul suggests a pause in anticipated reforms, leaving many in the digital asset space wondering about the path forward. This development comes at a crucial time when nations worldwide are grappling with how to integrate cryptocurrencies into their financial systems while ensuring stability and consumer protection. For a country as technologically advanced and crypto-aware as South Korea, every policy decision carries significant weight, influencing not just its domestic market but also setting precedents for the broader Asian crypto ecosystem. What’s the Latest on South Korea Crypto Regulations ? The core of the recent announcement centers on the South Korean Presidential Transition Committee. According to a report by Yonhap Infomax, the committee has clarified that it is not currently undertaking a detailed review of a proposal put forth by the nation’s influential banking sector . This proposal aimed to ease existing regulations on digital assets and non-financial businesses, a move that many had hoped would open up new avenues for growth and innovation within the financial technology space. Spokesperson Cho Seung-rae explained that the committee is still in the preliminary stages, meticulously sorting through various proposals and aligning them with broader policy areas and pledges. This process, while seemingly bureaucratic, is critical for ensuring that any new regulations are coherent and serve the long-term strategic goals of the new administration. The implication here is not a rejection of the proposals, but rather a deferral, suggesting that while the ideas are on the table, they are not yet prioritized for immediate action or deep dive analysis. This waiting game can be a source of anxiety for businesses and investors who thrive on regulatory clarity and certainty. The Banking Sector’s Bold Proposals: What Were They? While the exact specifics of the banking sector’s proposals have not been fully disclosed to the public, the general sentiment points towards a desire for more flexibility in handling digital assets . Historically, South Korea has maintained a relatively strict stance on cryptocurrencies, particularly concerning anti-money laundering (AML) and know-your-customer (KYC) requirements. Financial institutions have faced significant hurdles in offering crypto-related services due to stringent guidelines designed to protect consumers and prevent illicit financial activities. It is widely believed that the banking sector sought to: Expand Services: Allow banks to directly offer cryptocurrency trading, custody, and other related services to their clients, rather than solely relying on partnerships with external crypto exchanges. Integrate Digital Assets: Facilitate the integration of various digital assets, including NFTs and tokenized securities, into traditional financial products and services. Reduce Regulatory Burden: Streamline the compliance process for banks engaging with the crypto market, making it more feasible and less costly to operate within this nascent industry. Foster Innovation: Position South Korean banks at the forefront of digital finance innovation, allowing them to compete globally with more crypto-friendly jurisdictions. These proposals reflect a growing recognition within traditional finance that digital assets are not merely a passing fad but a transformative force. Banks, eager to capture new revenue streams and serve an evolving customer base, are keen to participate more actively in this space. The delay in reviewing these proposals means that these aspirations will have to wait, prolonging the period of uncertainty for the traditional financial sector’s deeper engagement with crypto. Navigating the Future of Digital Assets in Korea The committee’s current focus on ‘sorting proposals and aligning them with policy areas and pledges’ indicates a methodical approach to future policy-making. This holistic view is crucial for digital assets , which span a wide range of innovative technologies beyond just cryptocurrencies. This includes non-fungible tokens (NFTs), central bank digital currencies (CBDCs), and tokenized real-world assets. Each of these categories presents unique regulatory challenges and opportunities. For non-financial businesses, especially those in the tech, gaming, and entertainment sectors that are increasingly leveraging blockchain and digital assets, this delay means continued ambiguity. Many of these businesses rely on clear regulatory frameworks to develop and deploy new products and services. Without a definitive stance, investment and innovation might proceed with caution, or even shift to more accommodating jurisdictions. The committee’s task is immense: to craft regulations that foster innovation without compromising financial stability or consumer protection. This balancing act is precisely why the review process is so complex and time-consuming. Why Are Stablecoins a Special Case for Scrutiny? Spokesperson Cho Seung-rae explicitly mentioned that stablecoins are ‘not an exception’ to the committee’s thorough review process. This highlights a global trend where stablecoins are increasingly under the regulatory microscope. Stablecoins, designed to maintain a stable value relative to a fiat currency or other assets, are seen as a critical bridge between traditional finance and the volatile cryptocurrency market. However, their growing prominence also brings significant concerns: Financial Stability: Large, widely used stablecoins could pose systemic risks if their reserves are not adequately managed or transparent. A ‘run’ on a major stablecoin could ripple through the broader financial system. Consumer Protection: Users need assurance that their stablecoins are truly backed one-to-one and that the issuers are financially sound and transparent. Anti-Money Laundering (AML) & Counter-Terrorist Financing (CTF): Like other cryptocurrencies, stablecoins can be used for illicit activities if not properly regulated. Monetary Policy: The widespread adoption of private stablecoins could potentially impact a central bank’s ability to conduct monetary policy effectively. Given these concerns, it’s understandable why the committee would give stablecoins particular attention, ensuring that any easing of crypto rules for the broader digital asset market does not inadvertently create new vulnerabilities within the financial system. South Korea, with its history of robust financial regulation, is likely to take a cautious and comprehensive approach to stablecoin oversight, mirroring discussions in other major economies like the U.S. and the EU (with its MiCA regulation). Understanding the Current State of Crypto Rules in South Korea Currently, South Korea operates under a framework that largely treats cryptocurrencies as virtual assets, subject to strict anti-money laundering (AML) obligations. Crypto exchanges are required to register with the Financial Intelligence Unit (FIU) and adhere to stringent reporting requirements, including real-name account verification for transactions. While this has brought a degree of legitimacy and reduced illicit activities, it has also created a challenging environment for innovation and market expansion. The existing crypto rules have been criticized by some for being too restrictive, potentially stifling the growth of a domestic crypto industry that could otherwise compete globally. The banking sector’s proposals were likely an attempt to find a middle ground – a way to integrate digital assets more smoothly into the mainstream financial system without compromising the nation’s strong regulatory principles. The current delay, therefore, prolongs the status quo, leaving the industry to operate under the existing, often cumbersome, regulations. Challenges and Opportunities for South Korea’s Crypto Future The committee’s ongoing review process, while slow, presents both challenges and opportunities for South Korea’s crypto future: Challenges: Regulatory Uncertainty: The prolonged period of ‘not under review’ creates an environment of uncertainty, which can deter both domestic and foreign investment in the crypto space. Innovation Flight: Without clear and progressive regulations, innovative blockchain projects and companies might choose to set up shop in more crypto-friendly jurisdictions. Balancing Act: The inherent difficulty in balancing consumer protection and financial stability with the need to foster technological innovation remains a significant hurdle. Global Harmonization: Aligning domestic South Korea crypto regulations with evolving international standards is complex but essential for global interoperability. Opportunities: Thoughtful Policy-Making: The deliberate approach allows the committee to craft comprehensive, well-considered policies that avoid pitfalls seen in other nations. Strong Foundations: By taking their time, South Korea can build a robust regulatory framework that provides long-term stability and legitimacy for the digital asset market. Leadership in Web3: A well-designed regulatory environment could eventually position South Korea as a leader in the broader Web3 economy, attracting talent and capital. Enhanced Consumer Trust: Clear and effective regulations can build greater public trust in digital assets , encouraging broader adoption and participation. What Does This Mean for Investors and Businesses? Actionable Insights. For those invested in or looking to enter the South Korean crypto market, the current situation demands patience and vigilance. The delay signifies that significant regulatory shifts are not imminent, but it also doesn’t mean they won’t happen. Here are some actionable insights: Monitor Developments Closely: Keep a keen eye on official announcements from the Presidential Transition Committee and other relevant government bodies. Policy shifts can occur quickly once the review process is complete. Understand the Current Framework: Operate strictly within the existing crypto rules . Compliance remains paramount to avoid legal issues. Engage with Local Experts: Consult with legal and financial experts specializing in South Korean crypto regulations to understand the nuances and prepare for potential changes. Diversify and Adapt: For businesses, consider diversifying strategies to account for regulatory uncertainty. For investors, understand that regulatory news can significantly impact market sentiment. The path forward for South Korea crypto regulations is clearly a methodical one. While the immediate impact of this announcement is a prolonged period of regulatory ambiguity regarding the banking sector’s proposals, it also underscores the administration’s commitment to a thorough and considered approach to digital asset policy. The inclusion of stablecoins as a specific area of focus further emphasizes the comprehensive nature of this review. In conclusion, the South Korean Presidential Transition Committee’s decision to delay the detailed review of banking sector proposals to ease crypto rules for digital assets and non-financial businesses, including stablecoins , signals a period of careful deliberation rather than immediate action. While this might lead to short-term uncertainty for the market, it also provides an opportunity for the new administration to lay down a robust and sustainable framework for the future of digital finance in one of Asia’s most significant economies. The world will be watching closely as South Korea navigates this complex but crucial policy landscape. To learn more about the latest crypto market trends, explore our article on key developments shaping digital asset institutional adoption. This post South Korea Crypto Regulations: Pivotal Banking Proposals Face Uncertain Delay first appeared on BitcoinWorld and is written by Editorial Team
The US Federal Housing Finance Agency (FHFA) is exploring the integration of cryptocurrency holdings, such as Bitcoin, into mortgage qualification criteria, signaling a potential shift in traditional lending practices. This
The crypto market is up today following a de-escalation in the Middle East. 98 of the top 100 coins have appreciated over the past 24 hours. Moreover, the cryptocurrency market capitalization has increased by 2.9% over the past day, now standing at $3.23 trillion. The total crypto trading volume is at $150 billion. TLDR: The crypto market records a sharp and notable upward swing; 30 coins saw double-digit rises BTC rose back up to $105,471, and ETH jumped 7.5% to $2,422; Markets reacted to de-escalation in the Middle East, with higher-risk assets benefiting; ”People aren’t panic selling like in previous cycles; they’re accumulating”; The market sentiment moves from the fear into the neutral zone; Investors are awaiting further signals. Crypto Winners & Losers The crypto market finally took a turn for the green today. All the top 10 coins per market cap are up and with notable increases. Bitcoin (BTC) appreciated by 3.5%, now trading at $105,471. For comparison, this time yesterday, the coin changed hands at $101,924. Furthermore, Ethereum (ETH) rose by 7.5%, now trading at $2,422. It’s one of the category’s best performers again. XRP (XRP) saw the highest increase in this category of 8.1% to the price of $2.2. Moreover, nearly all the top 100 coins saw their prices increase in the same period, and nearly 30 of them saw double-digit increases. The best performer is Sei (SEI) with a 36.1% rise to $0.2801. SPX6900 (SPX) follows with a jump of 27.8% to $1.31. At the same time, OKB (OKB) and WhiteBIT Coin (WBT) are the only two coins with drops, with decreases of 3% and 0.8% to $51.84 and $47.96, respectively. The market plunged nearly two weeks ago following a significant escalation of conflict in the Middle East. The ongoing geopolitical instability created uncertainty in the markets across the board. After more than a week since Israel had attacked Iran, US President Donald Trump claimed last night that a cease-fire between these two countries had started. However, uncertainty still looms as Israel didn’t comment, and Iran fired shots. President Trump says Israel-Iran ceasefire is “in effect." Follow live updates. https://t.co/bv18k3sEzW — CNN (@CNN) June 24, 2025 Nonetheless, easing geopolitical tension increases interest in higher-risk assets, which BTC benefits from. ‘People Are Accumulating, Not Panic Selling’ Commenting on altcoins, Tom Bruni, Editor-in-Chief and VP of Community at Stocktwits , said that one of the most interesting current developments is that Bitcoin’s dominance has been rising for 33 months. It hit a 4.5-year high at 65.73%. Typically, this spike would signal that altcoins were “dying off.” And even many altcoins are underperforming, the overall market cap is still sitting near historical highs. “That tells us capital is still flowing into altcoins, even if the performance hasn’t kept up,” Bruni said in an email. “Given how aggressively firms like BlackRock and Fidelity have moved into Bitcoin, it’s honestly surprising altcoins haven’t performed worse,” he writes. “On-chain data shows this is likely because most altcoins with market caps above $1 billion continue to grow with long-term holders. People aren’t panic selling like in previous cycles; they’re accumulating.” Meanwhile, Glassnode found that Loss Sellers rose 29% since 10 June. However, Conviction Buyers are also increasing. Since June 10, $BTC investors classified as Loss Sellers rose 29% (from 74K to 95.6K), showing growing pressure on weak hands. But Conviction Buyers also increased, suggesting sentiment isn’t collapsing. Some are cutting losses – others are actively lowering their cost basis. pic.twitter.com/cwuN8TBAe2 — glassnode (@glassnode) June 23, 2025 James Toledano, Chief Operating Officer at Unity Wallet , commented on the impact of the rising tension in the Middle East on the markets. Over the weekend, it created expected economic uncertainty. “The nexus between oil prices and the Bitcoin market is increasingly evident,” Toledano says. Higher oil prices mean higher energy costs, directly impacting Bitcoin mining profitability and network dynamics. If the production cost floor rises due to this, it could support prices but also increase volatility. “Even the whiff of higher oil prices can send the price of a Bitcoin lower, and we saw this play out over the weekend before markets re-adjusted upward this morning, possibly pricing potential crude oil price hikes in.” However, the recent drop coupled with sustained institutional inflows and rising correlation with gold signal “a maturing narrative. Its ability to rebound quickly like equities of late, also speaks to its mainstream financial adoption,” Toledano writes. Levels & Events to Watch Next At the time of writing, BTC trades at $105,471. It hit its intraday high of $105,927 earlier this morning (UTC), recovering from the all-time low of $100,183. Currently, it’s 5.7% down from its May all-time high of $111,814. The coin will test the resistance level of $106,000. Should it break it, it will retest $107,580 and $109,041. At the same time, the next support level is $103,965. Should it break this, it may fall to $102,199 and $100,487 Bitcoin Price Chart. Source: TradingView At the same time, Ethereum is currently trading at $2,422. This is a notable rise from the daily low of $2,206. The intraday high now stands at $2,425. Moreover, the crypto market sentiment has re-entered neutral territory, exiting the briefly visited fear zone. The Fear and Greed Index has increased from 37 yesterday to 47 today . Fear has stopped driving the prices lower, with investors now awaiting further signals. There is a potential of revisiting the greed zone. Source: CoinMarketCap Meanwhile, on 23 June, US BTC spot exchange-traded funds (ETFs) recorded $350.43 million in inflows. While BlackRock and Fidelity lead the list with inflows of $217.6 million and $105.66 million, respectively. Source: SoSoValue On the same day, US ETH ETFs saw inflows of $100.78 million . Fidelity saw the highest amount, bringing in $60.48 million. Source: SoSoValue Meanwhile, American investor and entrepreneur Anthony Pompliano announced a $1 billion business merger to create a Bitcoin-native firm, ProCap Financial . He said that the company raised $750 million “from some of the leading institutional investors on Wall Street.” Today I am announcing a $1 BILLION merger to create ProCap Financial, a bitcoin-native financial services. The company will be a publicly traded entity on Nasdaq at the conclusion of the proposed business combination between my private company ProCap BTC, LLC and Columbus Circle… — Anthony Pompliano (@APompliano) June 23, 2025 Moreover, Hong Kong multifamily offices VMS Group reportedly plans to allocate up to $10 million to Re7 Capital , a London-based hedge fund focused on decentralized finance strategies. “We thought this was the right time [to enter crypto] because of growing demand and because we see clearer legislative and government support from various jurisdictions, as well as large institutional support and endorsement,” VMS managing partner Elton Cheung said. Quick FAQ Why did crypto move with stocks today? Both the crypto and the stock market saw increases over the last day. The S&P 500 increased by 0.96%, the Nasdaq-100 went up by 1.06%, and the Dow Jones Industrial Average rose by 0.89%. The rises followed the de-escalation in the Middle East, easing investors’ concerns. Is this rally sustainable? The overall macroeconomic and geopolitical situation is unstable at the moment and could go either way. Consequently, the market will react. That said, analysts remain bullish in the long term. The post Why Is Crypto Up Today? – June 24, 2025 appeared first on Cryptonews .
On June 24th, President Trump issued a cautionary statement to Israel, urging restraint to avoid breaching existing agreements. This geopolitical development underscores the complex interplay between global events and financial
It’s been a busy week for crypto markets. Bitcoin briefly sank below $100K due to escalated geopolitical tensions, Strategy (formerly MicroStrategy) bought more $BTC anyways, and Ethereum watchers are buzzing over a massive leveraged whale trade. Despite the turmoil, there’s still a bullish vibe to the market. Here’s what the latest moves mean for crypto and how Bitcoin’s momentum is the perfect setting for one of the best new crypto presales – BTC Bull Token . Strategic Accumulation at the Dip Between June 16–22, Strategy scooped up 245 BTC (~$25 M), nudging its stash to 592,345 BTC ($60B) . This move, its second-smallest buy of 2025, reflects a disciplined approach, maintaining a steady drip of purchases even as $BTC dips. In this case, even as the U.S.–Iran tensions and a U.S. airstrike in Iran dragged $BTC briefly below $100K, Strategy pushed ahead. In the end, the actual purchase price of $105K came in slightly higher than Strategy’s previous purchase, despite the ongoing conflict and its market repercussions. Top-10 Cryptos Fall, Surge, then Steady US airstrikes in Iran triggered a period of steadily increasing tensions, continuing a conflict between Israel and Iran. An Iranian counterstrike in Qatar sent $BTC further down. But when US President Donald Trump announced a ceasefire between the combatants, crypto markets surged. A look at the 24-hour performance of the top 10 cryptos by market cap shows green across the board, as every major crypto surged. Since then, many have fallen back, but still remain above pre-ceasefire levels. If the ceasefire holds, the conflict may have little long-term impact on the crypto market; it was simply too short-lived. However, tension in the region is still at an all-time high, with Israel claiming a recent ceasefire violation . Iran has denied all accusations. $BTC, $ETH Make Capital Moves Behind the Scenes In a Form 8-K filed June 23 , Strategy revealed no new common stock issuances, retaining a massive $18.6B ATM capacity. The company did raise $26.1M by selling preferred stock: 166,566 STRK and 84,354 STRF shares. These funds likely fuel Strategy’s ongoing $BTC accumulation amid market volatility. In parallel, Ash Crypto on X flagged a dramatic $100M $ETH long at 25x leverage. The trade could either boost $ETH if momentum holds or spark a reversal on a misstep. Ethereum’s performance has lagged Bitcoin’s over the past year; while $BTC is up 68%, $ETH is down 29%. The world’s second-largest crypto is up 5% in the past 24 hours. Will bullish $BTC momentum buoy Ethereum as well? BTC Bull Token ($BTCBULL) – A Bullish Crypto Outlook Bodes Well for First-Ever Bitcoin Meme Coin Don’t just follow Bitcoin; profit from it. That’s the genius of BTC Bull token ($BTCBULL) . What is BTC Bull token? It’s a project with an innovative structure that provides investors with three ways to earn from Bitcoin’s impressive 230% AAR: $BTCBULL token price increase, fueled by deflationary tokenomics with token burns every time Bitcoin breaks through key price milestones at $125K, $175K, and $225K. $BTC airdrops, awarded to BTC Bull token holders using the Best Wallet app when Bitcoin reaches $150K and $200K. $BTCBULL token airdrop, arriving once Bitcoin hits the $250K milestone. The combination of token burns and Bitcoin airdrops incentivizes token growth and project participation; the more Bitcoin’s price rises and the better the crypto economy goes, the more value the $BTCBULL token holds thanks to its indirect exposure to $BTC. Buying $BTCBULL during the presale also comes with staking rewards, currently offering 55% dynamic APY. The outlook is bullish for BTC Bull token, especially given constant buying pressure on Bitcoin from Saylor’s Strategy. Our own $BTCBULL price prediction points to those and other factors as reasons why $BTCBULL could climb to $0.0187 by the end of 2026, (up from $0.00258 today). Will Ceasefire Trigger Continued Bitcoin Surge? Prices rebounded in the wake of the ceasefire announcement, although tension in the region is still ongoing. Will the crypto market continue to surge? Could the conflict, and its resolution, actually feed the bullish outlook for Bitcoin? If it does, BTC Bull token could be ready to explode in the latter half of 2025. Remember to do your own research; this article is not meant for financial advice.