Daily Market Report — June 27, 2025
Bitcoin (BTC) price slipped 0.55% in the past 24 hours to $107,207.62, trading between $106,438.33 and $108,272.45. Ethereum (ETH) fell more sharply by 1.51%, closing at $2,429.85. Futures liquidations totaled $110 billion, while the Fear & Greed Index remained steady at 49, suggesting neutral sentiment. Long/short ratios were evenly split, with shorts slightly edging out longs on both BTC and ETH.
Top gainers for the day included HSQ with a 70.97% surge, FPX gaining 14.41%, and QUANTUMK9 up 13.81%, showing that despite the pullback in majors, select altcoins continue to rally.
In policy developments, Canada’s central bank regulator announced work on a national stablecoin framework. Meanwhile, Deutsche Bank expressed strong support for the U.S. “Beautiful Big Bill,” advocating for USD stablecoins and calling on the Fed to lower interest rates. In parallel, Fannie Mae, Freddie Mac, and the U.S. Federal Housing Finance Agency jointly launched a fintech entity, American FinTech LLC.
In ETF news, Bitwise submitted a revised S-1 application to the SEC for spot DOGE and Aptos ETFs, expanding its suite of altcoin-based investment products.
Macroeconomic data released this week showed Q1 U.S. core PCE at 3.5% (in line with expectations), while real GDP came in at -0.5%, missing the -0.2% estimate. Initial jobless claims for the week ending June 21 stood at 236,000.
Finally, crypto exchange XeggeX announced its imminent shutdown and bankruptcy filing, raising fresh concerns over centralized exchange resilience in the current market climate.
Owen
