Why Is Crypto Down Today? – June 26, 2025

The crypto market is down today. The majority of the top 100 coins have recorded price decreases over the past 24 hours, but most top 10 coins are up. Moreover, the cryptocurrency market capitalization has fallen by 1% in that period to $3.43 trillion. The total crypto trading volume is at $99.9 billion, the same level as yesterday.

Crypto Winners & Losers

Five of the top 10 coins per market cap are up, while three are down at the time of writing (not taking the two stablecoins into account).

Bitcoin (BTC) appreciated by 1.5%, now trading at $107,827. Notably, this is up from $101,924 over six days.

Furthermore, Ethereum (ETH) appreciated the most in this category. It’s up by 1.9%, changing hands at $2,480. Lido Staked Ether (STETH) saw an equal rise.

Binance Coin (BNB) recorded the smallest increase in this category of 0.3%, meaning it’s unchanged, now standing at $2.19.

Moreover, about 20 of the top 100 coins saw their prices increase over the past day, many of them ETH-related. Kaspa (KAS) and Bitcoin Cash (BCH) appreciated the most: 5.2% each to the prices of $0.0781 and $496, respectively.

At the same time, two coins saw double-digit decreases. Fartcoin (FARTCOIN) is down 11.3% to $0.9739, while Sei (SEI) fell 11% to the price of $0.2755.

Notably, SoFi, a San Francisco-based financial platform, is planning to relaunch BTC and ETH trading later this year, after exiting the space in 2023. Moreover, it will add more features, including crypto-backed loans, staking, and stablecoin support.

‘Bitcoin is Ready to Move Into Its Utility Phase’

Dom Harz, co-founder of L2 BOB, commented that geopolitical uncertainty led to a brief BTC dip below $99,000, followed by a recovery to consolidate above $105,000. This signals growing market maturity, Harz argues.

The recovery shows increasing liquidity and the coin’s deeper integration into mainstream portfolios, with both institutions and retail investors entering the space. US spot Bitcoin ETFs have seen 12 consecutive days of positive flows – the longest streak since December 2024.

“Bitcoin now sits at the intersection of institutional adoption, retail momentum, regulatory clarity, and integration into the foundations of the global financial system,” Harz says.

“What comes next is the final piece of the puzzle: a technological leap forward to enable true Bitcoin DeFi. That breakthrough is closer than ever. As infrastructure advances catch up to capital inflows, Bitcoin is ready to move into its utility phase and lay the foundation for the next era of finance and payments.”

Speaking of ETFs, Andrejs Balans, Risk Manager at YouHodler, notes that “the momentum behind Bitcoin ETFs has been impossible to ignore,” with billions of dollars flowing in.

“This tells us that institutions are no longer standing on the sidelines. They’re treating Bitcoin like a long-term asset, similar to gold or government bonds. Thanks to ETFs, they can do it through familiar, regulated channels. It’s not flashy, but it is one of the strongest signs yet that crypto has earned a seat at the financial table,” Balans writes.

Moreover, total assets under management are at all-time highs, with more sophisticated strategies built around BTC, ETH, and diversified crypto baskets.

“That’s a clear signal that this market is no longer just about chasing short-term gains. It is about long-term positioning, risk management, and belief in the future of digital assets,” Balans argues. “We’re not in the early days anymore, and we’re not just in it for the memes. With clear rules, growing trust, and institutional adoption, crypto is becoming part of the financial mainstream.”

He also discussed Ethereum’s role, arguing that it’s “quietly becoming the infrastructure layer of the digital economy.” It offers yield through staking, which institutional investors are increasingly exploring. “Earning yield on digital assets in a secure, compliant way is precisely the kind of offering that could bring traditional finance even deeper into crypto,” Balans says.

Levels & Events to Watch Next

At the time of writing, BTC trades at $107,827. The chart shows the price gradually rising from the intraday low of $106,170. It briefly hit the daily high of $108,117 before slightly correcting back to the mid-$107,000 territory.

That said, BTC managed to break another level the investors were waiting to see, the $107,500 mark. It also started retesting the $108,100 level, creating paths for additional rises. With this, it also hit a weekly high, recovering from the lows of $98,974. Next targets are $110,490 and $112,080.

At the same time, Ethereum is currently trading at $2,480. It jumped to the intraday high of $2,510 earlier this morning (UTC). Moreover, the coin is currently working to surpass its weekly high $2,552, but it’s not quite there yet. That said, the current price marks a notable rise from the intraweek low of $2,177.

Additionally, the crypto market sentiment is moving within neutral territory after exiting the fear zone two days ago. The Fear and Greed Index has seen a slight increase over the past day from 48 yesterday to 50 today. These moves indicate caution in the market, but not panic among investors.

Furthermore, on 25 June, US BTC spot exchange-traded funds (ETFs) recorded another significant day of inflows, seeing $547.72 million. BlackRock is at the top of the list, recording $340.28 million in inflows, followed by Fidelity’s $115.19 million. The cumulative total net inflow now reaches $48.14 billion.

Moreover, US ETH ETFs recorded inflows of $60.41 million. Of this amount, BlackRock saw $55.18 million and Bitwise $5.23 million. Currently, the cumulative total net inflow sits at $4.13 billion.

Notably, Japanese company Metaplanet has added another 1,234 BTC to its treasury, bringing its total holdings to 12,345 BTC. This is a part of its ‘555 Million Plan’, per which it aims to raise $5.4 billion to buy 210,000 BTC by 2027.

Moreover, the Moscow Exchange is set to launch a new Bitcoin index futures offering, in addition to crypto funds and structured bonds. The Managing Director Vladimir Krekoten said a new BTC derivative instrument launch was “imminent.”

Quick FAQ

While the crypto market saw another relatively minor daily decrease, the stock market saw a mixed picture on Tuesday. The S&P 500 went down by 0.00033%, the Nasdaq-100 increased by 0.21%, and the Dow Jones Industrial Average fell by 0.25%. Analysts argue that the stock market reacted to US President Donald Trump looking for a replacement for Federal Reserve Chairman Jerome Powell.

As analysts previously predicted, the market will continue seeing dips, while the prices increase long-term. This will likely continue for the foreseeable future.

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