Daily Market Report — June 17, 2025
Bitcoin (BTC) rose 0.90% over the past 24 hours to $106,966.66, with a daily range between $105,684.46 and $108,950.00. Ethereum (ETH) edged down 0.36% to $2,571.60 after touching a high of $2,680.35. The market saw $116.6 million in futures liquidations, and the Fear & Greed Index stood at 53, reflecting a more neutral sentiment. BTC and ETH long/short ratios remained balanced, with both assets showing near-equal long and short positioning, indicating indecision among traders.
Top gainers included Redcoin with a massive 817.63% surge, BIRD climbing 24.27%, and EPT up 21.80%, spotlighting speculative interest in smaller-cap tokens during a mixed broader market session.
In U.S. developments, JPMorgan filed for a “JPMD” trademark, hinting at plans for a USD stablecoin and crypto trading services. Telegram’s founder criticized French media in a public interview, accusing them of long-term bias. OpenAI introduced an image generation feature for WhatsApp via 1-800-ChatGPT.
Avalanche released a free Battle Pass offering AVAX and NFT rewards to boost ecosystem engagement. Meanwhile, US officials stated they would not proactively join Israel’s military operations. An old Ethereum whale address moved 501 ETH after two years, still holding over 8,000 ETH.
On the equity front, Cantor gave “outperform” ratings to three Solana-linked stocks, with potential gains of up to 75%. Coinbase’s CEO met with UK policymakers to promote crypto innovation in the region. In China, stablecoin-related A-share concepts saw active trading, with Guangshi Technology hitting its 20% daily limit.
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