Daily Market Report — June 11, 2025
Bitcoin (BTC) traded flat over the past 24 hours, edging down 0.05% to $109,584.45, while Ethereum (ETH) climbed 3.5% to $2,782.12. BTC’s range fluctuated between $108,333.44 and $110,399.99, and ETH traded between $2,655.79 and $2,834.73. The Fear & Greed Index held steady at 65, reflecting a moderate bullish sentiment. Futures liquidations reached $118.7 million, as long/short ratios for BTC and ETH remained evenly split around the 50/50 mark.
On the leaderboard, QUANTUMK9 soared by 5,648%, followed by JUC (+218.96%) and CALCIFY (+127.14%), highlighting massive speculative surges among mid-cap altcoins.
In the news, Connecticut passed a bill banning state-level investments in cryptocurrencies like Bitcoin, signaling growing scrutiny among local regulators. Meanwhile, the SEC is asking Solana ETF issuers to revise and refile S-1 forms within the coming week, further delaying approval timelines.
GameStop made headlines with a significant BTC acquisition—adding 4,710 bitcoins between May 3 and June 10. Bitwise launched a related GameStop option income ETF under the ticker IGME, tapping into the retail-driven crypto equities theme.
Elsewhere, COINSHARES registered its Solana ETF in Delaware, and Meta Platforms announced plans to acquire a 49% stake in Scale AI for nearly $15 billion. American Bitcoin, backed by the Trump family, now holds 215 BTC.
Security-wise, SlowMist reported successful recovery of assets from the Alby wallet exploit, enabling affected users to initiate appeals for fund retrieval.
Michael Crag
