The crypto market rebounded strongly on June 24, 2025, fueled by easing geopolitical tensions and renewed investor confidence. With total crypto market capitalization is up 6% to $3.16 trillion, and the 24-hour trading volume is at $134.76 billion (down 8.19%).
Bitcoin Leads Market Recovery
This crypto market recap highlights key price movements:
- Price Surge: Bitcoin rose 5%, reaching $105,000 USDT after dropping below $98,000 due to U.S.-Iran tensions.
- Geopolitical Boost: A ceasefire between Israel and Iran spurred the market recovery, easing fears of escalation.
- Market Sentiment: The Fear & Greed Index at 37 reflects cautious optimism, with Bitcoin’s dominance steady at 58%.
Altcoins Show Mixed Performance
- Ethereum Gains: Ethereum climbed 9%, trading between $2,250 and $2,400 USDT, signaling strong momentum.
- Solana’s Rebound: Solana surged 9% to $145 USDT, recovering from a prior 14.7% dip.
- Altcoin Divergence: Cardano (ADA) held above $0.540, while CELO hit a record low of $0.236, down 9.8%. Memecoins like SPX (-30.9%) and PEPE (-20.9%) lagged, but Fartcoin and IP rose double digits.
Meme Coin Highlights
- $XTRADE (X Trade AI): the native token of X Trade AI, an intelligent chatbot designed to spot alpha and meme trends early.
- $BaoBao (BaoBao): emerged from the ashes of a “rugged” token to become a vibrant meme coin, fueled by a viral Instagram comment and the support of the $BONK ecosystem.
- $BUNK (Manhattan project): First on chain Shortwave Radio envisioned by Toly, the real purpose of $BUNK
- $MASK (catwifmask): surges over 100% in the past 24 hours.
- $GOR (Gorbagana): down over 35% in 24 hours.
- $USELESS (USELESS COIN): rises over 30%, the market cap reaches $135M.
- $PEACEWORLD (PEACE WORLD): Peace World is built on that irony. Not to fight, but to remind: sometimes, the quiet comes only after everything’s already broken.
- $Oil (Digital Oil Memecoin): down nearly 70% in 24 hours.
- $LABUBU (LABUBU): still surges over 25%, the market cap reaches nearly $40M
Key Developments in the Crypto Market
- ProCap Financial Launch: Debuted with a $1 billion valuation, raising $750 million to acquire Bitcoin and develop financial products.
- Infinex Connect: Set to launch today, enabling single-sign-on dApp access, potentially boosting DeFi in the crypto market.
- Powell’s Testimony: Federal Reserve Chair Jerome Powell’s testimony today could impact the crypto market, with the U.S. Economic Surprise Index at a 2025 low.
- Injective Summit: Scheduled for June 26, this event may drive momentum for altcoins like INJ.
Outlook for the Crypto Market
The crypto market’s market recovery, led by Bitcoin, Ethereum, and Solana, underscores resilience amid volatility. With upcoming economic events and selective altcoin performance, investors should stay alert to navigate the evolving crypto market.
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