Crypto Market Rebounds: Ceasefire Hopes on June 24, 2025
On June 24, 2025, the cryptocurrency market experienced a notable rebound, largely driven by news of a potential ceasefire between Israel and Iran, as announced by U.S. President Trump. The global crypto market capitalization has risen to $3.26 trillion. Bitcoin (BTC) is trading around $105,410, up 3.84%, while Solana (SOL) and XRP also saw significant gains, up 7.12% and 7.55% respectively. This resurgence follows short-term corrections and indicates renewed investor confidence, influenced by macroeconomic factors and project-specific developments. Underlying institutional interest and regulatory clarity continue to shape the market’s long-term outlook.
Macroeconomic factors continue to influence market dynamics. The US CPI report from June 11, showing less-than-expected inflation, still fuels hopes for Federal Reserve rate cuts. Geopolitical tensions had initially led to a retreat from risk assets, but digital assets quickly demonstrated resilience following the ceasefire news. On the regulatory front, the US Senate passed the GENIUS Act (stablecoin bill) on June 18. Trump Media also filed for a dual Bitcoin and Ethereum ETF, alongside ongoing efforts for SUI and Solana ETFs, signaling a growing willingness from the SEC to integrate digital assets into traditional finance.
Bitcoin’s Strong Recovery: Above $105,000
Bitcoin (BTC) demonstrated a significant rebound on June 24, 2025, trading around $104,758.32 to $105,410, reflecting a 3.84% to 4.35% increase in 24 hours. This bounce indicates renewed buying interest, with Bitcoin holding above the psychologically significant $100,000 level. Its 25 Delta Skew indicates increased risk aversion, and transaction counts have plunged to 18-month lows.
Short-term, volatility is expected, but a bullish pin bar from June 13 signals a potential push towards the $112,000 resistance zone. Institutional ETF inflows remain robust, with $1.3 billion last week, and corporate entities like Semler Scientific plan significant BTC acquisitions. Long-term forecasts remain overwhelmingly positive, projecting $120,000-$250,000 by year-end 2025. Vinanz Limited and Bitmax also announced additional large Bitcoin purchases on June 24.
Ethereum’s Robust Rally: Surging ETF Inflows
On June 24, 2025, Ethereum (ETH) is trading around $2,398.89 to $2,423.90, marking a strong 6.26% to 8.37% increase in 24 hours. This follows a significant flash crash on June 21, but ETH has found immediate support and buyers are absorbing selling pressure. Ethereum whales amassed over 818,000 ETH ($2.5 billion) on June 15, the largest daily inflow since 2018. The U.S. Ethereum spot ETF recorded a substantial net inflow of $100.7 million on June 24, following $21.4 million on June 16.
Price predictions for Ethereum remain largely bullish. Technical analysis indicates an ascending channel formation. The historically low ETH on exchanges indicates long-term conviction, and a “golden cross” on the daily chart remains firm. The successful Pectra upgrade further enhances the protocol’s efficiency.
Solana’s Price Surge: Network Activity and ETF Filings
On June 24, 2025, Solana (SOL) is trading around $131.81 to $143.99, showing a strong 7.12% to 8.87% increase. This follows SOL breaking out of an ascending triangle on June 11. Optimism over potential spot Solana ETF approval and robust derivatives activity continue to drive interest.
Solana’s fundamental strength is supported by increasing DeFi TVL and institutional confidence. Fidelity, Invesco, and Galaxy Digital formally submitted S-1 registrations for spot Solana ETFs on June 14, 2025. Bloomberg analysts state approval odds have surged to 90%. Solaxy, a Solana Layer-2 crypto, confirmed a burn of 55 billion SOLX tokens (40% of total supply) ahead of its June 23 launch. Solana’s network is experiencing an explosion of activity, with 3.07 million returning users.
XRP’s Legal Momentum: ETF Launches and Settlement Hopes
XRP is trading around $2.164 to $2.17 on June 24, 2025, experiencing a significant 7.55% to 9.65% increase. Optimism is building over a potential legal win against the SEC, with Ripple proposing a $50 million settlement and seeking injunction removal. Crucially, Canada approved the first North American XRP ETFs (Purpose XRP ETF and Evolve XRP ETF), which began trading on June 18.
Short-term predictions for XRP are mixed, but a bullish breakout from a falling wedge pattern could push prices 40% higher to $3.12 if a close above $2.25 is confirmed. The XRP Ledger continues to see new DeFi protocols emerge, like Martini Market.
Cardano’s Price Rise: Interoperability and Treasury Plans
On June 24, 2025, Cardano (ADA) is trading around $0.5411 to $0.580566, showing a 5.97% to 7.61% increase. This follows a June 10 surge due to announcements regarding XRP support in Lace wallet and the Cardinal Bitcoin DeFi protocol.
Cardano’s strategic aim for cross-chain interoperability is a key long-term driver. Charles Hoskinson has proposed converting $100 million of ADA to BTC and Cardano-native stablecoins to diversify the treasury. Since June 16, users staking ADA earn new $NIGHT token rewards. Thorchain is also planning integrations with Cardano.
Dogecoin’s Price Bounce: Utility Mission Continues
On June 24, 2025, Dogecoin (DOGE) is trading around $0.1512 to $0.1645, marking a 6.11% to 7.92% increase. Its price remains highly susceptible to social media and broader market trends. The SEC has postponed approval of the Dogecoin ETF, intensifying volatility, though Twitter’s plans for direct trading could benefit DOGE.
Recent appointments at House of Doge aim to make DOGE functional for real-world use cases, including merchant payments, neo-banking, and tokenization. Dogecoin recently experienced one of its longest losing streaks, falling over 34% in the past week.
Shiba Inu’s Ecosystem Focus: Battling Supply and New Competition
Shiba Inu (SHIB) is trading around $0.00001059 to $0.00001157 on June 24, 2025, showing a 2.0% to 8.4% increase. SHIB has dropped significantly from its all-time high, and its massive circulating supply remains a challenge for major price appreciation.
A 500 million SHIB burn on June 16 significantly increased the burn rate. The team continues to develop Shibarium (Layer 2), ShibaSwap, and its metaverse (in initial testing). New meme coins like Little Pepe are emerging, challenging SHIB by offering both viral hype and real features.
SUI’s Expanding Utility: DeFi and ETF Catalysts
On June 24, 2025, SUI is trading around $2.45 to $2.79, experiencing an 11.8% to 24.6% increase. Sui, a next-gen Layer 1, achieved significant milestones in market cap and DeFi TVL, nearing $2 billion.
The Nasdaq filing for a 21Shares SUI ETF is a bullish catalyst, with a 60% chance of approval in 2025. SUI also saw $3.5 million in weekly inflows. Its unique object-based model supports faster, lower-cost parallel transactions. NAVI Protocol partnered with OKX to launch xBTC lending and borrowing on Sui, reinforcing its position as a hub for Bitcoin-based DeFi.
Pi Network’s Mainnet Countdown: Community Anticipation
On June 24, 2025, Pi Network (PI) is trading around $0.5311 to $0.5322, showing a 5.1% to 5.4% increase. Short-term price predictions are uncertain due to volatility and concerns over alleged Core Team selling. KYC/2FA issues are being addressed.
Community anticipation remains high for “Pi2Day” on June 28, 2025, for announcements regarding mainnet activation and the ambitious Global Consensus Value (GCV) of $314,159. The Pi Core team is teasing a potential Generative AI feature.
Kaspa’s Technical Prowess: Leading Small-Cap Gains
On June 24, 2025, Kaspa (KAS) is trading around $0.077089, showing a 16.4% increase. This follows a period where Kaspa experienced a significant increase on June 23, and it is currently leading small-cap cryptocurrencies in market-wide gains.
Kaspa recently completed its Crescendo hard fork, significantly boosting its block rate to 10 BPS, making it one of the fastest Proof-of-Work (PoW) architectures. While the upgrade improves scalability, the real test lies in achieving broader user adoption and ecosystem expansion.
Market Outlook: Resilience and Opportunity in a Dynamic Landscape
| Cryptocurrency | Current Price (Approx. June 24, 2025) | 24-Hour Price Change (Approx.) |
|---|---|---|
| Bitcoin (BTC) | $104,758.32 – $105,410 | +3.84% to +4.35% |
| Ethereum (ETH) | $2,398.89 – $2,423.90 | +6.26% to +8.37% |
| Solana (SOL) | $131.81 – $143.99 | +7.12% to +8.87% |
| XRP | $2.164 – $2.17 | +7.55% to +9.65% |
| Cardano (ADA) | $0.5411 – $0.580566 | +5.97% to +7.61% |
| Dogecoin (DOGE) | $0.1512 – $0.1645 | +6.11% to +7.92% |
| Shiba Inu (SHIB) | $0.00001059 – $0.00001157 | +2.0% to +8.4% |
| SUI | $2.45 – $2.79 | +11.8% to +24.6% |
| Pi Network (PI) | $0.5311 – $0.5322 | +5.1% to +5.4% |
| Kaspa (KAS) | $0.077089 | +16.4% |
The cryptocurrency market on June 24, 2025, shows a complex picture of short-term corrections within a broader bullish trend. Bitcoin and Ethereum, despite recent price pullbacks, continue to lead, supported by strong institutional inflows and positive ecosystem developments. Solana and XRP are navigating their unique technical and regulatory challenges but show potential for recovery and expansion. Cardano, SUI, Dogecoin, Shiba Inu, Pi Network, and Kaspa are all influenced by their distinct fundamental developments and prevailing market sentiments.
The overall market outlook for the remainder of 2025 remains cautiously optimistic, driven by improving macroeconomic conditions and increasing institutional acceptance. However, investors should remain vigilant against potential macroeconomic shifts, evolving regulatory uncertainties, and short-term profit-taking by large holders. Monitoring on-chain metrics, geopolitical developments, and ecosystem-specific updates will be crucial for navigating the dynamic cryptocurrency landscape.
