Jun 20, 2025
Rootstone’s Market Overview
This week, the crypto market experienced moderate volatility, with the total market cap at $3.24 trillion. Bitcoin fluctuated between $104,000 and $107,000.
Geopolitical tensions in the Middle East, especially Israel-Iran conflicts, caused early dips, but the market rebounded with regulatory wins like the GENIUS Act passing on June 17, boosting stablecoin adoption.
The launch of Canada’s first spot $XRP ETF on June 18 also lifted prices, while security issues, like the $80 million Nobitex exploit, briefly dampened sentiment. Institutional moves, such as JD’s stablecoin license applications, added optimism, with traders eyeing Fed guidance for future trends.
