Cryptocurrency markets declined broadly in mid-June 2025, with Bitcoin down 1.4% to $104,737.
Ethereum is falling 1.6% to $2,525, XRP is dropping 3% to $2.15, and Dogecoin is extending losses for a fifth consecutive day to $0.17.
Geopolitical tensions between Israel and Iran, combined with over $230 million in liquidations, drove the market-wide weakness.
Why is crypto going down today? Let's check current Bitcoin, Dogecoin, XRP and Ethereum prices
Cryptocurrency
markets faced significant headwinds today (Wednesday), June 18, 2025, with
major digital assets including Bitcoin (BTC) experiencing widespread declines
amid mounting geopolitical tensions and macroeconomic uncertainty.
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The total
cryptocurrency market capitalization dropped 1.6% to $3.28 trillion as
investors retreated from risk assets following escalating Middle East tensions
and policy uncertainty.
In this
article, we answer the question of why crypto is going down today, why Dogecoin
is falling for the fifth consecutive session, and what the outlook is for the
digital asset market.
Bitcoin
demonstrated relative stability compared to altcoins, declining 1.4% to trade
at $104,737. The world's largest cryptocurrency has managed to hold above the
psychologically important $100,000 level despite facing pressure from multiple
fronts. Over the past week, Bitcoin has declined in six of seven trading
sessions, reflecting broader market caution.
The
cryptocurrency's price action has been influenced by President Trump's recent
comments regarding Iran's supreme leader, which he described as an “easy
target,” sparking fresh geopolitical concerns. Bitcoin briefly dipped from
$104,310 to $103,553 following these remarks before recovering.
Why is Bitcoin price going down today? Source: Tradingview.com
Technical
analysis suggests Bitcoin faces critical support at the $102,000 level.
Bitfinex analysts noted that “Bitcoin is still at risk of falling further,
and it must hold above $102,000 to stay on track for a potential rebound.”
Long-term holders remain relatively inactive, indicating no widespread
profit-taking despite recent volatility.
Paul Howard, Wincent
“Mirroring
the risk off mindset prevalent across markets, cryptocurrency prices were no
exception overnight. Geo-political issues around the Middle-East and threat of
escalation in one of the major oil producing regions has sent oil and bond
prices higher and risk assets like equities and crypto lower. We can expect to
see some consolidation until the political situation in the Middle-East calms
down and investors once again swing away from bonds,” Paul Howard, Director at Wincent, commented for FinanceMagnates.com.
Ethereum Faces Mounting
Selling Pressure
Ethereum (ETH)
experienced a sharper decline, falling 1.6% to $2,525. The second-largest
cryptocurrency by market capitalization has struggled to maintain momentum
above the $2,500 support level. Earlier in the session, Ethereum dropped as
much as 8% before paring losses.
The
cryptocurrency's performance reflects broader altcoin weakness, with technical
indicators showing continued downward pressure. Ethereum's decline comes
despite positive developments in the broader ecosystem, including continued
institutional interest and regulatory clarity around stablecoins.
Why is Ethereum price going down today? Source: Tradingview.com
Market
observers point to Ethereum's correlation with risk assets as a key factor in
its recent underperformance. The token has been particularly sensitive to
macroeconomic developments and geopolitical tensions.
Ethereum
must defend the $2,500 level to prevent further deterioration, while XRP faces
resistance at $2.20 with potential downside targets around $2.10.
High-volume
selling pressure dominated XRP trading, with the sharpest declines occurring
during peak trading hours. Technical analysis reveals a descending channel
pattern, suggesting continued bearish momentum unless buyers can reclaim key
resistance levels.
Why is XRP price going down today? Source: Tradingview.com
The token's
weakness comes despite ongoing developments in Ripple's ecosystem, including
the upcoming RLUSD stablecoin deployment and regulatory progress in Dubai and
Singapore markets.
Dogecoin Extends Losing
Streak to Fifth Consecutive Day
Dogecoin
(DOGE) continued its downward trajectory, falling 1.5% to $0.17, marking the
fifth consecutive day of declines. The meme-inspired cryptocurrency has been
particularly vulnerable to the current risk-off sentiment, dropping from $0.176
to $0.164 during the session's most intense selling period.
The
cryptocurrency found support at the $0.164 level, forming what some analysts
view as a potential double bottom pattern. However, trading volume has declined
sharply as the market awaits clearer directional signals.
Why is Dogecoin price going down today? Source: Tradingview.com
“What’s telling is the pressure on second-tier altcoins.
Look at the daily candles and monthly performance: XRP and SOL are down more
than 6%, while DOGE, SUI, ADA, and AVAX have dropped over 15%. This divergence
suggests a market that’s becoming more selective favoring large-cap resilience
while shedding riskier assets,” said Dr. Kirill Kretov from Coinpanel.
“That said, we have to remember: crypto market liquidity is still extremely
thin,” he added. “Volatility remains tightly managed by larger players who continue to
extract profits by hunting unhedged or leveraged participants. The current
environment rewards caution and punishes overexposure especially outside the
majors.”
Why Is Crypto Going Down Today?
Geopolitical Tensions
Drive Risk-Off Sentiment
The primary
catalyst for the current market weakness stems from escalating tensions between
Israel and Iran. Rising oil prices and concerns about potential U.S.
involvement have prompted investors to reduce exposure to risk assets,
including cryptocurrencies.
Liquidations Amplify
Downward Pressure
Over $230
million in long cryptocurrency positions were liquidated in the past 12 hours,
according to Coinglass data. This forced selling has amplified downward
pressure across the market.
Despite
near-term headwinds, the U.S. Senate's passage of the GENIUS Act represents a
significant milestone for the cryptocurrency industry. The bipartisan
legislation establishes a regulatory framework for stablecoins backed by
Treasury bills and high-quality liquid assets.
How High Can Crypto Go? Market
Price Predictions and Recovery Prospects
Despite
current weakness, several factors support potential recovery scenarios. The
cryptocurrency market has historically demonstrated resilience following
geopolitical shocks, and institutional adoption continues to grow.
The passage
of stablecoin legislation could accelerate mainstream adoption by enabling
traditional companies to incorporate cryptocurrency payment systems. This
regulatory clarity represents a structural positive for the industry's
long-term prospects.
However,
near-term volatility is likely to persist as markets navigate ongoing
geopolitical tensions and central bank policy decisions. The Federal Reserve's
upcoming policy meeting and continued Middle East developments will be key
catalysts for market direction.
Cryptocurrency
markets faced significant headwinds today (Wednesday), June 18, 2025, with
major digital assets including Bitcoin (BTC) experiencing widespread declines
amid mounting geopolitical tensions and macroeconomic uncertainty.
This above is an advertisement by Utip
The total
cryptocurrency market capitalization dropped 1.6% to $3.28 trillion as
investors retreated from risk assets following escalating Middle East tensions
and policy uncertainty.
In this
article, we answer the question of why crypto is going down today, why Dogecoin
is falling for the fifth consecutive session, and what the outlook is for the
digital asset market.
Bitcoin
demonstrated relative stability compared to altcoins, declining 1.4% to trade
at $104,737. The world's largest cryptocurrency has managed to hold above the
psychologically important $100,000 level despite facing pressure from multiple
fronts. Over the past week, Bitcoin has declined in six of seven trading
sessions, reflecting broader market caution.
The
cryptocurrency's price action has been influenced by President Trump's recent
comments regarding Iran's supreme leader, which he described as an “easy
target,” sparking fresh geopolitical concerns. Bitcoin briefly dipped from
$104,310 to $103,553 following these remarks before recovering.
Why is Bitcoin price going down today? Source: Tradingview.com
Technical
analysis suggests Bitcoin faces critical support at the $102,000 level.
Bitfinex analysts noted that “Bitcoin is still at risk of falling further,
and it must hold above $102,000 to stay on track for a potential rebound.”
Long-term holders remain relatively inactive, indicating no widespread
profit-taking despite recent volatility.
Paul Howard, Wincent
“Mirroring
the risk off mindset prevalent across markets, cryptocurrency prices were no
exception overnight. Geo-political issues around the Middle-East and threat of
escalation in one of the major oil producing regions has sent oil and bond
prices higher and risk assets like equities and crypto lower. We can expect to
see some consolidation until the political situation in the Middle-East calms
down and investors once again swing away from bonds,” Paul Howard, Director at Wincent, commented for FinanceMagnates.com.
Ethereum Faces Mounting
Selling Pressure
Ethereum (ETH)
experienced a sharper decline, falling 1.6% to $2,525. The second-largest
cryptocurrency by market capitalization has struggled to maintain momentum
above the $2,500 support level. Earlier in the session, Ethereum dropped as
much as 8% before paring losses.
The
cryptocurrency's performance reflects broader altcoin weakness, with technical
indicators showing continued downward pressure. Ethereum's decline comes
despite positive developments in the broader ecosystem, including continued
institutional interest and regulatory clarity around stablecoins.
Why is Ethereum price going down today? Source: Tradingview.com
Market
observers point to Ethereum's correlation with risk assets as a key factor in
its recent underperformance. The token has been particularly sensitive to
macroeconomic developments and geopolitical tensions.
Ethereum
must defend the $2,500 level to prevent further deterioration, while XRP faces
resistance at $2.20 with potential downside targets around $2.10.
High-volume
selling pressure dominated XRP trading, with the sharpest declines occurring
during peak trading hours. Technical analysis reveals a descending channel
pattern, suggesting continued bearish momentum unless buyers can reclaim key
resistance levels.
Why is XRP price going down today? Source: Tradingview.com
The token's
weakness comes despite ongoing developments in Ripple's ecosystem, including
the upcoming RLUSD stablecoin deployment and regulatory progress in Dubai and
Singapore markets.
Dogecoin Extends Losing
Streak to Fifth Consecutive Day
Dogecoin
(DOGE) continued its downward trajectory, falling 1.5% to $0.17, marking the
fifth consecutive day of declines. The meme-inspired cryptocurrency has been
particularly vulnerable to the current risk-off sentiment, dropping from $0.176
to $0.164 during the session's most intense selling period.
The
cryptocurrency found support at the $0.164 level, forming what some analysts
view as a potential double bottom pattern. However, trading volume has declined
sharply as the market awaits clearer directional signals.
Why is Dogecoin price going down today? Source: Tradingview.com
“What’s telling is the pressure on second-tier altcoins.
Look at the daily candles and monthly performance: XRP and SOL are down more
than 6%, while DOGE, SUI, ADA, and AVAX have dropped over 15%. This divergence
suggests a market that’s becoming more selective favoring large-cap resilience
while shedding riskier assets,” said Dr. Kirill Kretov from Coinpanel.
“That said, we have to remember: crypto market liquidity is still extremely
thin,” he added. “Volatility remains tightly managed by larger players who continue to
extract profits by hunting unhedged or leveraged participants. The current
environment rewards caution and punishes overexposure especially outside the
majors.”
Why Is Crypto Going Down Today?
Geopolitical Tensions
Drive Risk-Off Sentiment
The primary
catalyst for the current market weakness stems from escalating tensions between
Israel and Iran. Rising oil prices and concerns about potential U.S.
involvement have prompted investors to reduce exposure to risk assets,
including cryptocurrencies.
Liquidations Amplify
Downward Pressure
Over $230
million in long cryptocurrency positions were liquidated in the past 12 hours,
according to Coinglass data. This forced selling has amplified downward
pressure across the market.
Despite
near-term headwinds, the U.S. Senate's passage of the GENIUS Act represents a
significant milestone for the cryptocurrency industry. The bipartisan
legislation establishes a regulatory framework for stablecoins backed by
Treasury bills and high-quality liquid assets.
How High Can Crypto Go? Market
Price Predictions and Recovery Prospects
Despite
current weakness, several factors support potential recovery scenarios. The
cryptocurrency market has historically demonstrated resilience following
geopolitical shocks, and institutional adoption continues to grow.
The passage
of stablecoin legislation could accelerate mainstream adoption by enabling
traditional companies to incorporate cryptocurrency payment systems. This
regulatory clarity represents a structural positive for the industry's
long-term prospects.
However,
near-term volatility is likely to persist as markets navigate ongoing
geopolitical tensions and central bank policy decisions. The Federal Reserve's
upcoming policy meeting and continued Middle East developments will be key
catalysts for market direction.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Will XRP Go Up? This New Price Forecasts Show If XRP Can Reach $10
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
