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Crypto June 25: BTC under $60K, lowest since 2024

Daily review of the June 25 (Thursday) global crypto market: top 15 coins, stablecoins, NFT, ETF flows and regulation. The decline continued - Bitcoin fell below $60,000 to its lowest level since October 2024, with the bear market entering its 8th month. ETH ~$1,636 (-2.8%), XRP ~$1.07, Solana ~$67.5, BNB ~$560. Fear index ~20-22 - extreme fear. ETF outflows, the CLARITY Act delay and capital rotation into AI stocks weigh on the market.

Toms Ābeltiņš

26 June 20268 min read

Crypto June 25: BTC under $60K, lowest since 2024

On Thursday, June 25, the crypto market's decline continued - Bitcoin fell below $60,000 and reached its lowest level since October 2024, with the bear market entering its eighth month. BTC opened trading at ~$60,983 (-2.7%), slipped to ~$59,300 during the day, but recovered to ~$61,200 in the morning. Ethereum opened at $1,620 (-2.8%) and recovered to ~$1,636. Altcoins followed: XRP ~$1.07, Solana ~$67.5, BNB ~$560, Dogecoin ~$0.079. The Fear & Greed Index stayed in the extreme-fear zone (~20-22). Key drivers: spot Bitcoin ETF outflows, concerns over the CLARITY Act delay, and capital rotation into AI stocks. Market cap ~$2.06-2.08T, dominance ~57%.

Global crypto market on June 25: Bitcoin falls below $60,000

On Thursday, June 25, the crypto market's decline continued, and Bitcoin dropped below the psychologically important $60,000 mark, reaching its lowest level since October 2024. The bear market is entering its eighth month. The coin opened trading at around $60,983 - down 2.7% from the previous day - and at the day's lows slipped to roughly $59,300, but slowly recovered part of its losses through the morning. Ethereum followed a similar path, opening at $1,620 (-2.8%). Most altcoins lost value, and the Fear & Greed Index remained deep in the extreme-fear zone, as ETF outflows, concerns over regulatory delays, and capital rotating into artificial intelligence stocks continued to pressure the market.

Market overview

After the attempt at midweek stabilization, Wednesday proved to be only a brief respite. On Thursday, selling pressure resumed, and Bitcoin broke through the $60,000 support level - an important psychological threshold that had held in recent weeks. The coin opened trading at around $60,983, fell to about $59,300 during the day, and then slowly recovered, reaching roughly $61,200 in US morning trading. That was its lowest level in years - more precisely, since October 2024.

Compared with recent reference points, the decline is pronounced: Bitcoin's opening price was about 5.3% lower than a week ago, about 20.8% lower than a month ago, and about 42.5% lower than a year ago. The coin now trades roughly 52% below its October 6, 2025 record ($126,198).

The key drivers remained unchanged and mutually reinforcing: continued spot Bitcoin ETF outflows, growing uncertainty over the CLARITY Act's progress in the Senate, and capital rotation away from cryptocurrencies into other assets, particularly artificial intelligence stocks. A strong US dollar and the prospect of higher interest rates following the June Federal Reserve meeting continued to act as a consistent headwind.

Total crypto market capitalization shrank to about $2.06-2.08 trillion, while Bitcoin dominance held near 57%. The Fear & Greed Index remained deep in extreme-fear territory (around 20-22 points). Although sentiment is gloomy, some analysts point to a positive nuance - this bear market has been less volatile than previous ones, because the investor base is larger, more liquid, and less dependent on a small retail segment.

Top 15 coins on June 25

On a down day most top coins lost value, following Bitcoin's downward direction, though some recovered a small portion of losses in the morning.

1. Bitcoin (BTC) ▼ ~$61,200 (-2.7% at open)

Bitcoin broke through the $60,000 support, opening at around $60,983 and reaching about $59,300 at the day's lows - its lowest level since October 2024. In the morning the coin recovered to roughly $61,200. Technical indicators remained weak, with RSI deep in oversold territory. Key support is now around $59,000, while resistance sits at the just-lost $60,000-$62,000 range.

2. Ethereum (ETH) ▼ ~$1,636 (-2.8% at open)

Ethereum opened trading at $1,619, down 2.8% from the previous day, but recovered to about $1,636 in the morning. Compared with reference points, ETH was 7.3% lower than a week ago and 22.8% lower than a month ago. The coin still trades far below its August 24, 2025 record ($4,954).

3. Tether (USDT) ◆ ~$1.00 (stable)

USDT held parity, continuing to serve as the market's liquidity backbone as traders moved capital toward less risky assets.

4. XRP ▼ ~$1.07 (-2.5% on the day)

XRP slipped to around $1.07, following the broader market decline. Market attention remains focused on regulatory developments in the US.

5. BNB ▼ ~$560 (-1.9% on the day)

BNB retreated to about $560, following the overall risk-off sentiment.

6. Solana (SOL) ▼ ~$67.5 (-2.5% on the day)

Solana slipped to about $67.5. The higher-beta asset remained sensitive to selling pressure under bear-market conditions.

7. USDC ◆ ~$1.00 (stable)

USDC held a stable parity, serving as a regulated liquidity alternative amid volatility.

8. Dogecoin (DOGE) ▼ ~$0.079 (-2.5% on the day)

DOGE slipped to about $0.079, following the broader altcoin sentiment.

9. TRON (TRX) ▼ ~$0.281 (-1.4% on the day)

TRON kept relative resilience around $0.281, reflecting steady demand for the network's stablecoin transfers.

10. Cardano (ADA) ▼ ~$0.39 (-2.5% on the day)

Cardano slipped to about $0.39, following the market decline.

11. Hyperliquid (HYPE) ▼ ~$25.8 (-2.6% on the day)

HYPE retreated to about $25.8, although the decentralized-exchange segment kept relative resilience.

12. Chainlink (LINK) ▼ ~$10.6 (-2.8% on the day)

Chainlink slipped to about $10.6, following the broader market direction.

13. Stellar (XLM) ▼ ~$0.300 (-2.6% on the day)

XLM traded around $0.300 with a downward direction on the day.

14. Avalanche (AVAX) ▼ ~$15.4 (-2.5% on the day)

Avalanche retreated to about $15.4, following the overall market decline.

15. Toncoin (TON) ▼ ~$2.35 (-2.5% on the day)

Toncoin slipped to about $2.35, closing out the top 15 list.

Stablecoins

Stablecoins once again played a safe-haven role amid volatility. USDT and USDC held parity, and their turnover stayed high as traders moved capital toward less risky assets in a falling market. Total stablecoin capitalization stayed near its all-time high, signaling that capital is mostly staying within the crypto ecosystem - moving to safer ground rather than leaving entirely. The role of regulated, dollar-pegged coins continues to grow, especially given the anticipated US regulatory clarity.

NFT market

The NFT market stayed quiet, reflecting the general risk-off sentiment. Trading volumes across leading collections and platforms remained low as investors focused on more liquid assets. The broader digital art and collectibles segment continues to operate well below its 2024-2025 activity peaks, though select "blue chip" collections maintain a stable price floor.

ETF flows

Spot Bitcoin ETF flows remained at the center of market attention and were one of the key drivers of the decline. The products experienced a record-long streak of outflows - about 13 trading days in a row, during which roughly $4.4 billion flowed out of the spot Bitcoin ETF complex. BlackRock's IBIT fund absorbed about $3.3 billion, or roughly 75% of total outflows.

In the broader context, CoinShares reported that concerns over the CLARITY Act delay triggered about $952 million in weekly global outflows from digital-asset products (ETPs). Such flows reflect institutional investors' caution while regulatory uncertainty persists. Some analysts, however, point to possible stabilization signals, as certain days have already shown inflows that could indicate a gradual shift in the trend if the regulatory front improves.

Privacy coins

The privacy-coin segment was not at the epicenter of major events on this day and followed the broader market's downward mood. Regulatory pressure on anonymous assets persists, but with no significant new developments on June 25, this segment traded quietly, alongside the broader altcoin decline.

Security incidents

No major large-scale security incidents or protocol hacks were reported on June 25. The industry continues to strengthen security standards, but investors are still advised to exercise caution, using only trusted platforms and protecting their private keys, especially under heightened volatility.

Regulatory news

The main regulatory theme remained the CLARITY Act, which sets the market structure for the US crypto industry and whose progress directly affects market sentiment. Concerns over the bill's delay in the Senate became one of the key drivers of the decline. Galaxy Research's lead analyst Alex Thorn on June 5 cut the bill's 2026 passage odds to about 60% from a previous 75%, citing the tight Senate calendar, with some later estimates putting them closer to 50%. For the bill to pass this year, it should clear the Senate by the end of July, preferably in June. If the Senate misses the recess, the odds will deteriorate materially. If passed, the bill would solidify CFTC jurisdiction over the spot markets of several digital assets and give the SEC a clear legal basis to approve their ETFs.

Macroeconomic context

The macroeconomic environment remained the main headwind for cryptocurrencies. A strong US dollar and the prospect of higher interest rates following the June Federal Reserve meeting continue to steer capital away from risk assets. Especially pronounced in this cycle is capital rotation into artificial intelligence stocks, which attract investor interest and partly compete with cryptocurrencies for risk capital. Traders continue to closely watch central-bank signals and upcoming macroeconomic data, which will determine the direction of risk assets in the coming weeks. Although current sentiment is cautious, extreme-fear periods have historically been associated with market-bottom formation, meaning the current level may prove significant for long-term investors.

Key numbers - June 25

Bitcoin: ~$61,200 (-2.7% at open), daily low ~$59,300 - lowest since October 2024
Ethereum: ~$1,636 (-2.8% at open)
Total market capitalization: ~$2.06-2.08 trillion
Bitcoin dominance: ~57%
Fear & Greed Index: ~20-22 (extreme fear)
BTC vs reference points: -5.3% week, -20.8% month, -42.5% year
Spot Bitcoin ETF: ~13-day outflow streak, ~$4.4B drained; IBIT ~$3.3B (~75%)
Regulation: CLARITY Act delay concerns; passage odds ~50-60%

This article was prepared by artificial intelligence and reviewed and fact-checked by the Norriwire editorial team. It is not financial advice. Cryptocurrency markets are extremely volatile - always do your own research before making decisions.

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