Daily Market Report — June 19, 2025
Bitcoin (BTC) price remained nearly flat over the past 24 hours, slipping just 0.02% to $104,777.33, with a range between $103,500.00 and $105,586.70. Ethereum (ETH) followed a similar trend, down 0.15% to $2,518.47. Futures liquidations totaled $112.4 billion, and the Fear & Greed Index held steady at 48, signaling a neutral market mood. Notably, short positions dominated BTC with 51.14%, indicating rising caution among traders.
Top altcoin gainers included STARGATE, which rose 16.52%, CALCIFY with a 14.36% gain, and BMT up 12.60%, showing steady interest in altcoins despite lackluster movement in major tokens.
In global crypto developments, a major Israeli hacking group targeted Iranian exchange Nobitex, reportedly destroying $90 million in crypto and threatening to release its source code. Meanwhile, Coinbase unveiled “Coinbase Payments” and announced a partnership with Shopify, expanding its reach into e-commerce.
Regulatory progress continued as Ohio’s “Bitcoin Rights” bill passed the House and moves on to the Senate. In the UK, new rules may set crypto asset exposure limits for banks by 2026, adding pressure to institutional investors.
In the tech and gaming space, Polygon’s co-founder launched a new zkVM-focused startup, ZisK, while Pudgy Penguins released their P2E title “Pengu Clash” on the TON blockchain. Lastly, U.S. jobless claims for the week ending June 14 came in at 245,000, in line with forecasts, showing no major surprises on the macro front.
Owen
