BTC
$107,937.47
–
1.36%
ETH
$2,769.68
–
0.80%
USDT
$1.0000
+
0.02%
XRP
$2.2520
–
1.81%
BNB
$667.96
–
0.35%
SOL
$159.46
–
4.33%
USDC
$0.9997
+
0.01%
DOGE
$0.1910
–
5.69%
TRX
$0.2743
–
5.56%
ADA
$0.6932
–
4.21%
HYPE
$41.87
–
1.67%
SUI
$3.3505
–
4.56%
LINK
$14.54
–
5.61%
AVAX
$21.17
–
5.44%
XLM
$0.2773
–
1.79%
BCH
$431.52
–
2.88%
LEO
$8.8514
–
1.38%
TON
$3.2180
–
1.39%
SHIB
$0.0₄1283
–
4.33%
HBAR
$0.1696
–
5.88%
By Shaurya Malwa|Edited by Parikshit Mishra
Jun 12, 2025, 6:45 a.m.
- Bitcoin remains stable above $107,000, but signs of profit-taking are emerging in the broader crypto market.
- DOGE, TRX, XRP, BNB, SOL, and ADA are experiencing losses, while Ether shows signs of cooling off after a recent surge.
- Positive macroeconomic developments, such as U.S.-China trade talks and softer inflation data, are boosting sentiment in both equity and digital asset markets.
Bitcoin
held firm above $107,000 on Thursday, but signs of fatigue are beginning to surface across the broader crypto market as majors show early signs of profit-taking.
Dogecoin
was down nearly 4% at 19 cents, while Tron’s TRX
slipped 5.5% to 27 cents. XRP
, BNB Chain’s BNB
, Solana’s SOL
, and Cardano’s ADA
showed losses as much as 3%.
STORY CONTINUES BELOW
Ether
, which outperformed BTC last week amid a surge in ETF inflows and bullish derivatives activity, also showed signs of cooling off after briefly topping $2,800. While the sentiment remains largely positive, multiple tokens are now hovering near local resistance levels, prompting cautious traders to lock in gains.
Traders say the broader backdrop remains constructive. Momentum is quietly building across crypto markets, with underlying structural shifts catching the smart money’s attention.
“Mainstream sentiment on crypto has turned around noticeably, especially on the back of Circle’s successful IPO, with Gemini and Bullish having filed their own listing intentions with the SEC recently,” said Augustine Fan, Head of Insights at SignalPlus, in a Telegram message.
“BTC treasury plays have also been in vogue with a seemingly endless stream of companies looking to copy the MSTR playbook, not to mention the stablecoin excitement both in TradFi and onchain (e.g., Plasma),” he said.
Macroeconomic developments may also be playing a role. Progress on U.S.-China trade talks and a softening inflation print have created a more favorable outlook for risk assets, some say, bolstering sentiment across equity and digital asset markets.
“The U.S.-China deal progress and softer CPI data are encouraging signs for global markets, easing inflationary pressures and creating a more stable economic outlook,” said Jeffrey Ding, Chief Analyst, HashKey Group, in a Telegram message.
“We’re optimistic that digital assets will continue to grow as macroeconomic influences find resolution while institutions further integrate within the industry,” Ding added.
Kraken economist Thomas Perfumo mirrored that institutional angle.
“The broad rally in crypto markets reflects its evolving role as a macro hedge amid rising real yield volatility and growing concerns over fiscal deficits,” Perfumo said in an email to CoinDesk.
“We’re witnessing a virtuous cycle: the adoption of structural bid vehicles like spot ETFs — particularly within a more favorable U.S. regulatory environment — is absorbing supply far faster than anticipated,” he added.
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
