After two days of rising prices, the cryptocurrency market saw a notable downturn on June 12, 2025, with nearly all top 100 cryptocurrencies recording losses. The total market capitalization fell by 4% to $3.51 trillion, while daily trading volume stood at $132 billion.
Bitcoin (BTC) dropped 1.7%, falling from around $109,500 to approximately $107,563, and Ethereum (ETH) declined 1.6% to $2,749. Dogecoin (DOGE), which was the top gainer the previous day, faced the largest decline among top coins, dropping 6.2% to about $0.1898. Jupiter (JUP) experienced the steepest fall in the wider top 100, with a 10.6% decline to $0.4538.
The market's downturn coincides with reactions to key developments such as the tentative US-China trade agreement, the latest US inflation report, and legislative moves regarding stablecoin regulation in the US. Despite the pullback, Bitcoin remains above the critical $100,000 level, reflecting sustained investor confidence.
Notably, volatility expectations have increased due to dense coin supply concentrations close to current prices. Nevertheless, losses realized have been relatively limited, suggesting a capitulation mainly among speculative investors rather than broader market panic.
Ethereum's recent price bounce signals a positive sentiment shift, supported by technical upgrades like the Pectra update, regulatory endorsements for DeFi, and strong institutional interest exemplified by ongoing inflows into US Ethereum spot ETFs—surpassing Bitcoin ETFs inflows recently.
Corporate treasury allocations to Bitcoin continue to grow steadily, with institutional investors advised to maintain long-term, disciplined approaches to position sizing. Market sentiment indicators showed a small decrease in greed, hinting at possible short-term corrections but maintaining an overall neutral-to-bullish outlook.