Market Round Up: June 23, 2025

Rootstone's Market Round Up

╰ Escalating conflict between Israel and Iran led to a sharp decline in crypto prices, with Bitcoin dropping 4% to $99,237 on June 22.

╰ Circle shares have climbed ~650% since their June 5 IPO and spiked an additional ~34% following the GENIUS Act’s approval—highlighting growing investor faith in regulated stablecoins.

╰ A $90 million hack at Iran's largest crypto exchange, Nobitex, on June 18, raised security concerns, likely contributing to market uncertainty.

╰The “altcoin season” index reached its lowest level in two years—often a precursor to a rotation into altcoins once Bitcoin dominance stabilizes.