Daily Market Report – June 9, 2025
Bitcoin (BTC) held steady over the past 24 hours, inching up 0.02% to $105,545.76. The leading cryptocurrency traded within a tight range between $104,964.14 and $106,450.02. Meanwhile, Ethereum (ETH) dipped 0.77% to $2,493.49, with intraday movement spanning $2,492.09 to $2,548.62. Futures liquidations amounted to $107.48 million, while the Fear & Greed Index remained in “Greed” territory at 55. Long/short ratios remained nearly balanced for both BTC and ETH, pointing to a wait-and-see stance among traders.
Among top-performing tokens, C soared +390.69%, followed by DR at +20.05% and NAC at +11.15%, indicating selective interest in small-cap altcoins despite broader market consolidation.
On the regulatory front, stablecoin market cap increased by $2.754 billion month-on-month, representing a 1.11% rise and signaling steady adoption. Hong Kong is eyeing BTC and ETH perpetuals as a possible first step toward virtual asset derivatives trading, potentially accelerating institutional access to crypto instruments.
Elsewhere, a Metaplanet executive urged Japan to liberalize capital markets and allow free trading of Strategy preferred shares to enhance cross-border financial flows. The Cetus Protocol resumed operations after a temporary halt, with its LP recovery rate reaching between 85% and 99%.
In politics, Argentina’s Anti-Corruption Office cleared Javier Milei’s Libra tweet as a personal action, not a breach of public ethics. Meanwhile, Eric Trump confirmed that World Liberty plans to partner with TRUMP Token and gradually acquire a long-term strategic stake.
Finally, Gemini has filed an IPO draft with the SEC, becoming the latest exchange to pursue public listing amid growing calls for regulatory clarity and market legitimacy.
Michael Crag
