The cryptocurrency market experienced volatile movements over June 16–17, 2025, oscillating between gains and losses amid ongoing geopolitical tensions and anticipation of the US Federal Reserve policy meeting.
On June 16, the market turned positive with eight of the top 100 coins recording gains. Bitcoin (BTC) rose by 1.1% to trade around $106,734, recovering above the $106,000 level. Ethereum (ETH) climbed 3.2%, reaching $2,615. Solana (SOL) led the top-10 gainers with a 6.8% increase, trading at around $156. Despite the market cap dropping slightly by 0.9% to $3.45 trillion, traders showed aggressive positioning for near-term upside or volatility, supported by bullish signals from Bitcoin options metrics. US spot Bitcoin ETFs witnessed significant inflows ($301.62 million on June 13, with BlackRock accounting for $238.99 million), while Ethereum spot ETFs saw a break in their 19-day inflow streak.
Vietnam further legitimized digital assets by passing the Digital Technology Industry Law effective from January 2026, recognizing and regulating cryptoassets and virtual assets distinctly.
On June 17, the market sentiment shifted to the red with only 10 out of the top 100 coins registering gains. Bitcoin remained mostly unchanged at approximately $106,856, holding firm above the critical $100,000 psychological support level despite minor dips. Ethereum declined by 1.7%, trading near $2,584, while Tron (TRX) showed the best performance with a 2.5% increase amid controversies over its planned US public listing connected with Eric Trump and Nasdaq-listed SRM Entertainment.
US BTC spot ETFs also recorded substantial inflows of $408.59 million, predominantly led by BlackRock. The overall crypto market capitalization declined by 2.1%, with trading volume increasing to $118 billion. Investors are closely monitoring geopolitical developments, especially the Israel-Iran conflict, and the upcoming Federal Reserve meeting expected to maintain a cautious ‘wait-and-see’ approach. Despite these tensions and macroeconomic uncertainties related to inflation and oil prices, market data highlight sustained investor appetite and strong bullish sentiment in options markets.