Crypto Market Drops 2.6% as Bitcoin Holds Steady at $107,367

The crypto market experienced a downturn on June 27, 2025, with the majority of the top 100 coins recording price decreases over the past 24 hours. The cryptocurrency market capitalization fell by 2.6% to $3.4 trillion. Bitcoin (BTC) remained relatively unchanged, trading at $107,367, while Ethereum (ETH) decreased by 1.5% to $2,447. XRP saw the highest drop among the top 10 coins, falling 4.3% to $2.09. Only eight of the top 100 coins saw price increases, with Tokenize Xchange (TKX) appreciating the most at 6.6% to $27.68.

Despite the overall market decline, there were several positive developments contributing to investor calm. The recent easing of geopolitical tensions in the Middle East has created a constructive phase in financial markets, which could pave the way for renewed momentum in risk assets, including cryptocurrencies. Additionally, the arrest of British national Kai West, known online as “IntelBroker,” for data theft and related cybercrime offenses, has also contributed to a sense of stability. In India, Pradeep Bhandari, a national spokesperson for the ruling BJP party, advocated for a Bitcoin reserve pilot, citing the country’s growing renewable energy sector as a competitive advantage for Bitcoin mining and accumulation.

Analysts have noted the possibility of another significant rally in the crypto space. Ruslan Lienkha, chief of markets at YouHodler, commented that the combination of stabilizing global conditions and strong performance in equity markets is creating a favorable backdrop for cryptocurrencies. He predicts that if the positive momentum in equities continues, Bitcoin could break out of its current range and potentially target the $130,000 level in the medium term. James Toledano, Chief Operating Officer at Unity Wallet, also noted that the Iran-Israel conflict has been a predominant source of BTC price movements, but historical data shows that BTC usually recovers from geopolitical events within weeks.

The latest recovery in the crypto market appears to be intertwined with several macro factors, including a weaker US dollar, reduced oil prices, renewed US Federal Reserve rate cut bets, and sustained ETF inflows. Donald Trump's plan to remove Fed Chair Jerome Powell has been cited as a potential source of short-term financial havoc. However, analysts believe that long-term direction is driven by fundamentals, and Bitcoin is expected to continue its upward trajectory.

At the time of writing, BTC was trading at $107,367, having briefly fallen to $98,974 before recovering. The intraday high was $107,985, and the price was trying to hold above the $108,100 level. Next targets for BTC were $110,490 and $112,080. Ethereum was trading at $2,447, having fallen from an intraday high of $2,552 to a daily low of $2,177 before rising to the current price. The crypto market sentiment remained within a narrow range in neutral territory, with the Fear and Greed Index decreasing from 50 to 49, indicating caution but not panic among investors.

US BTC spot exchange-traded funds (ETFs) recorded the 13th consecutive day of positive flows, adding $228.15 million, with BlackRock leading the list at $163.72 million in inflows. The cumulative total net inflow now reaches $48.37 billion. However, US ETH ETFs broke the positive flow streak, recording outflows of $26.46 million, led by Grayscale’s loss of $39.84 million. Coinbase Global Inc. (COIN) ended Thursday’s trading session at a new all-time high of $369.21, up 3.89% over the day and nearly 40% over the past month.

Despite the crypto market's decrease, the stock market went up by the Thursday closing time amid expectations for Federal Reserve rate cuts. The S&P 500 went up by 0.8%, the Nasdaq-100 increased by 0.94%, and the Dow Jones Industrial Average also rose by 0.94%. In Asia, Japanese technology stocks have entered a robust rally, reflecting both domestic optimism and a renewed global appetite for innovation-driven sectors. Analysts expect to see additional price increases in the crypto market this year, despite short-term corrections.