The crypto market is taking a breather after recent volatility. While total market capitalization dropped 2.3% to $3.38 trillion, sentiment seems more balanced. Roughly 30 of the top 100 coins are in the green, a notable improvement from the previous day’s sea of red.
Key Takeaways:
- The Fed held rates steady, signaling patience—but inflation remains a wildcard.
- Bitcoin trades near $104,800, flat day-over-day after several failed attempts to reclaim $105,000.
- Ethereum mirrors the action, stuck around $2,524.
- ETFs continue their inflow streak—$389M into BTC products and $19M into ETH on June 18.
- Geopolitical tensions and mixed macro outlook keep risk assets in consolidation mode.
Winners & Losers
While BTC and ETH remain mostly unchanged, XRP edged up 0.4% to $2.16, and Solana dropped 1.3% to $145. Among altcoins, Kaia (KAIA) and Sei (SEI) were standouts, up 9% and 7.8%, respectively. Kaia continues to gain attention after expanding USDT support and launching the new Kaia Hub.
On the other end, Hyperliquid (HYPE) fell 5.4%, leading the downside.
Fed Watch & Inflation Warnings
The Federal Reserve’s latest decision left rates untouched, with Chair Jerome Powell emphasizing a “wait-and-see” approach. However, Powell acknowledged lingering inflation risks. For crypto, this is a double-edged sword: rising inflation could renew BTC’s appeal as a hedge, but also lead to longer periods of high interest rates—typically a headwind for risk-on assets.
ETF Inflows Signal Institutional Confidence
Bitcoin spot ETFs posted their 8th straight day of inflows, with BlackRock leading the charge. Ethereum spot ETFs also recorded a solid $19M net gain. Cumulative ETF inflows for BTC have now surpassed $46 billion—a bullish sign for long-term adoption.
What to Watch Next
Bitcoin remains stuck in a narrow range between $103,800 and $105,000. If it breaks below $103K, more downside could follow. Conversely, reclaiming and holding above $105K may trigger a push toward $108K. The Fear & Greed Index remains neutral at 48, signaling indecision in the market.
Meanwhile, political momentum around crypto regulation is building. U.S. Senator Cynthia Lummis called on Congress to fast-track crypto legislation after the Senate approved the GENIUS Act. If structural reforms advance, the U.S. could position itself as a true global leader in digital assets.
Final Thought:
The market remains in a fragile equilibrium. As traders watch inflation and geopolitical headlines, ETF inflows suggest institutions are quietly buying the dip. Whether you’re waiting for a breakout or a deeper correction, keep your eyes on key technical levels and macro shifts.
🔍 This article is for informational purposes only and does not constitute investment advice.
