Crypto Chronicles: XRP’s Daring Dance Amidst Global Turmoil! 💃🕺

What to know:

  • Global markets are caught in a waltz of uncertainty as crypto assets shuffle sideways, awaiting the U.S. Federal Reserve’s grand performance.
  • Bitcoin ETFs, those charming little stabilizers, have seen a delightful $1.4 billion in net inflows—who knew they could be so popular?
  • Gold and oil have taken a leap, thanks to President Trump’s surprise evacuation call for Tehran—talk about a dramatic twist! 🎭

Ah, the fog of uncertainty, a familiar companion in the realm of global markets, lingers like an unwanted guest at a party. Crypto assets, in their infinite wisdom, choose to trade sideways, as if waiting for the U.S. Federal Reserve to unveil its latest magic trick this week.

Equities, those fickle friends, found a moment of stability on Monday, while crypto markets remained on the defensive after a $1.2 billion futures liquidation on Friday—overleveraged longs, beware! The weekend saw altcoins tumble like clumsy dancers at a ball.

Bitcoin, that elusive creature, soared above $108,000 in the U.S. morning light, only to slide back to $106,500 as profit-takers swooped in like vultures. But fear not! Buying activity later nudged prices back above $107,000 during the Asian morning hours on Tuesday.

BTC ETFs, those delightful little cushions, welcomed $1.4 billion in net inflows over the past week, proving their worth as price shock absorbers even amidst broader pullbacks. Who knew they could be so resilient?

Meanwhile, ether (ETH) decided to join the party, rising 1.5% over 24 hours to $2,609, though still trailing behind Bitcoin’s ETF-led strength. Solana’s SOL and Tron’s TRX held their ground, up 1.5% and 2.1% respectively, but the overall mood among traders remains cautious—like a cat on a hot tin roof.

Gold and oil, those traditional safe havens during geopolitical crises, surged in early trading after U.S. President Donald Trump’s unexpected call for the evacuation of Tehran at the G7 summit. A mini-rush into defensive assets ensued, as if everyone suddenly remembered they had a safety net.

Bitcoin, however, lagged behind in a familiar pattern, much to the chagrin of analysts.

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2025-06-17 08:10