Daily Market Report — June 24, 2025
Bitcoin (BTC) surged 3.80% over the past 24 hours to $104,931.68, reaching as high as $106,060.95. Ethereum (ETH) ETH outperformed with a 7.01% rally to $2,398.44, supported by strong risk appetite and $109.95 billion in futures liquidations. The Fear & Greed Index held at 47, signaling cautious optimism. Long/short ratios remained evenly split across BTC and ETH, showing balanced trader positioning.
Top gainers included BDT with a 34.30% increase, MOVE up 33.75%, and SEI gaining 33.25%, reflecting broad strength in altcoins as momentum returned to the market.
In the U.S., momentum around Bitcoin reserves and stablecoin legislation continued to build. Trump called on the House to expedite the stablecoin bill, while a key lawmaker emphasized the need for further coordination. Texas allocated $10 million to establish the country’s first state-level Bitcoin reserve.
Meanwhile, payments giant Fiserv announced plans to launch its own stablecoin FIUSD before the end of 2025, in partnership with Circle and PayPal. In regulatory news, Texas’ new crypto law taking effect in September will allow asset seizure in cases tied to civil forfeiture rules.
On the financial innovation front, Anthony Pompliano unveiled a $1 billion merger forming ProCap Financial, a Bitcoin-native financial firm. Separately, Grayscale’s Space and Time (SXT) trust registered in Delaware, adding to the momentum behind tokenized trust structures.
Owen
