As of June 18, 2025, the cryptocurrency market capitalization dropped to $3.24 trillion, down 1.05% in the past 24 hours. Amid the decline, questions arise about the reasons for the current situation.
Coinbase and the Use of USDC for Futures Trading
Coinbase Derivatives announced the acceptance of the USDC stablecoin as collateral for U.S. futures trading starting in 2026, in partnership with Nodal Clear. Currently, only fiat currencies are utilized. This initiative aims to enhance access for institutional investors.
Trump's Criticism of the Fed and Its Consequences
President Donald Trump criticized Fed Chair Jerome Powell, stating that the Fed 'probably won’t cut today.' The resulting uncertainty has affected trader sentiment, as they prepare for potential changes that may impact both traditional and digital markets.
Launch of XRP ETF and Its Market Impact
Canada's 3iQ has launched an XRP ETF, backed by Ripple. Although the price of XRP has dropped by 2.67% to $2.14, this move strengthens institutional positions in XRP in the market.
The cryptocurrency market continues to face pressures due to regulatory uncertainty, central bank comments, and institutional changes. Despite the short-term decline, developments in the industry may create foundations for long-term opportunities.
