Daily Market Report – June 10, 2025
Bitcoin (BTC) surged 3.60% over the past 24 hours to $109,484.78, with a daily range between $105,317.26 and $110,530.17. Ethereum (ETH) outperformed, soaring 7.27% to $2,684.31 after hitting a high of $2,726.78. The positive momentum was accompanied by $114.7 million in futures liquidations and a Fear & Greed Index reading of 64, showing rising investor confidence. BTC and ETH long/short ratios remained slightly tilted toward longs, reflecting modest bullish bias across major tokens.
Top gainers included Stargate (STG) with a 207.39% rally, HJH climbing 33.33%, and SHELL up 23.16%, highlighting strong demand in select altcoins amid the broader market rebound.
In U.S. policy developments, Senate Majority Leader John Thune aims to push the stablecoin bill forward this week, while the SEC Chair is reportedly drafting an “innovation exemption” to support DeFi platforms. On the regulatory front, the Canary Marinade Solana ETF was officially registered in Delaware.
In corporate news, Netcapital, a Nasdaq-listed fintech firm, has acquired crypto-native protocol Mixie. Meanwhile, Tether announced it will open-source its Bitcoin mining operating system in Q4 2025.
Elsewhere, Uphold is exploring a potential IPO or sale at a $1.5 billion valuation. Macro-wise, the New York Fed reported a 3.2% one-year inflation expectation for May, down from 3.63% in April—supporting risk assets as inflation projections cool.
Michael Crag
