What to know:
- Crypto markets took a tumble on Thursday, thanks to some overly enthusiastic guidance and a few trade worries that wouldn’t quit.
- Bitcoin and Ethereum had a bit of a rough day, with Bitcoin hovering around $104,700 and Ethereum just shy of $2,860. 🤷♂️
- The U.S. Senate’s stablecoin framework is a step in the right direction, making the crypto world a bit more friendly to regulations. 🤝
Crypto markets had a bit of a wobble on Thursday, caught between some overly cautious guidance, looming trade deadlines, and a general sense of “why can’t we just have a nice day?” Bitcoin hovered near $104,700 during Asia hours, slipping 1.2% over 24 hours, while ether traded just below $2,860, down 1.8% on the day. 📉
The soft price action is a bit like a sleepy cat, following Wednesday’s FOMC hold, where the Fed kept rates unchanged but reiterated a cautious, inflation-sensitive stance. It’s like they’re saying, “We’re watching you, so don’t get too comfy.” 😴
Seasonality is starting to show
Historically, the crypto markets are a bit like a teenager in the summer—lazy and uninterested. BTC front-end implied volumes have slipped under 40%, erasing the risk premium from recent geopolitical tension, according to Singapore-based QCP Capital. It’s like the market is taking a nap. 😴
Open interest across BTC and ETH perps remains flat, and option markets skew negative, with puts trading at a premium to calls—basically, traders are hedging against short-term pullbacks. It’s like they’re all wearing life jackets in a calm lake. 🤷♂️
“There’s been no change to the technical picture, which remains supportive of another push to the topside,” said Joel Kruger, strategist at LMAX Group, in an email to CoinDesk. “BTC continues to consolidate bullishly, and a move through recent highs could set up a run toward $145,000.” It’s like the market is saying, “Hold my beer, I’m about to do something impressive.” 🍻
Ether still lags its 2021 highs but is gaining momentum. “Clearing $2,900 could bring $3,400 into play,” Kruger added. It’s like Ether is finally waking up from its nap. 😴
One bright spot for crypto is the U.S. Senate’s passage of a stablecoin framework, which adds another building block to what is becoming a more regulatory-friendly global environment. That’s reinforced a broader institutional conviction. It’s like the market is getting a gold star for good behavior. 🌟
“Globally, we’re seeing continued progress that promises greater clarity and a more welcoming environment for institutional crypto adoption,” Kruger added. It’s like the market is finally getting the attention it deserves. 👏
Still, the near-term setup remains cautious. Month-end OPEX flows, systematic rebalancing, and a lack of fresh catalysts could keep BTC stuck in its $102,000–$108,000 band for now. It’s like the market is in a holding pattern, waiting for something exciting to happen. 🕒
But with H2 historically strong for crypto, some desks are already looking ahead. “The worst may be behind us,” Kruger said. “And the next leg up could catch many off guard.” It’s like the market is about to surprise everyone with a big leap. 🚀
Read More
- DOT PREDICTION. DOT cryptocurrency
- Brent Oil Forecast
- USD PHP PREDICTION
- USD CAD PREDICTION
- Silver Rate Forecast
- Gold Rate Forecast
- FARTCOIN PREDICTION. FARTCOIN cryptocurrency
- PENGU PREDICTION. PENGU cryptocurrency
- The Rise and Fall of FARTCOIN: A Financial Comedy Show!
- EUR ILS PREDICTION
2025-06-20 09:30