Leading cryptocurrencies moved sideways on Thursday as investors considered America's involvement in the Israel-Iran war.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:20 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -0.26% | $104,535.66 |
| Ethereum (CRYPTO: ETH) | -0.04% | $2,520.74 |
| Dogecoin (CRYPTO: DOGE) | -0.43% | $0.1702 |
What Happened: Bitcoin continued to oscillate in the $104,000-$105,000 range, with trading volumes remaining thin in the last 24 hours.
Ethereum bulls were also left disappointed, as the second-largest cryptocurrency faced resistance at $2,540.
Bitcoin's market dominance hit 64%, while Ethereum's share rose to 9.4%.
About $81 million was liquidated from the cryptocurrency market in the last 24 hours, with long liquidations accounting for $46.58 million.
Bitcoin's Open Interest dipped 0.24% in the last 24 hours to $69.19 billion. Since the beginning of June, the Open Interest has fallen by 3.6%.
More than 50% of Binance traders with open BTC positions were positioned long as of this writing, according to the Long/Short ratio.
The market sentiment flipped from "Greed" to "Neutral," according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
| Cryptocurrency | Gains +/- | Price (Recorded at 9:20 p.m. ET) |
|---|---|---|
| Story (IP) | +9.58% | $3.03 |
| OKB (OKB) | +8.92% | $52.69 |
| Sei (SEI) | +8.81% | $0.1962 |
The global cryptocurrency market capitalization stood at $3.25 trillion, following a modest decrease of 0.42% in the last 24 hours.
Stock market futures slid overnight on Thursday. The Dow Jones Industrial Average Futures fell 138 points, or 0.32%, as of 8:45 p.m. EDT. Futures tied to the S&P 500 dipped 0.25%, while Nasdaq 100 Futures lost 0.21%.
Investors remained anxious about the ongoing Iran-Israel war and potential U.S. involvement, as the White House told reporters that President Donald Trump would "make a decision within two weeks."
The New York Stock Exchange and the Nasdaq were closed on Thursday in observance of Juneteenth National Independence Day. Trading will resume as normal on Friday.
See More: Best Cryptocurrency Scanners
Analyst Notes: On-chain analytics firm Santiment highlighted that the number of Bitcoin wallets holding more than 10 BTC rose 0.15% in the last 10 days, while those with 0.001 to 10 BTC declined 0.15% in as many days.
"When large wallets accumulate as retail loses confidence, this is historically the right combination for bullish momentum to inevitably return to crypto markets," Santiment added.
Bitcoin's elite vs. mortal wallets are moving in two different directions as its market value sits just north of $104.3K.
— Santiment (@santimentfeed) June 19, 2025
Wallets with 10+ $BTC: +231 Wallets in 10 Days (+0.15%)
Wallets with 0.001 to 10 $BTC: -37,465 Wallets in 10 Days (+0.15%)
When large wallets... pic.twitter.com/uhZf6rPYvq
Widely followed cryptocurrency analyst and trader Michaël van de Poppe said Bitcoin was back to its "normal trading game" after the FOMC meeting offered nothing substantial.
"I suppose we'll see a test of $106,000 and breakout north in the coming days," Van De Poppe predicted.
FOMC show is over, which was a nothing burger, means that we're back into the normal trading game for #Bitcoin.
— Michaël van de Poppe (@CryptoMichNL) June 19, 2025
I suppose we'll see a test of $106K and breakout north in the coming days. #Altcoins are, again, outperforming. pic.twitter.com/xdY16BxA9Z
Photo Courtesy: Yalcin Sonat On Shutterstock.com
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