Cryptonews ASIA, BITCOIN, BTC, CRYPTOCURRENCY, DOGE, INDIA, MARKET ANALYSIS, MARKET TRENDS, SOLANA, STORY, TRADING VOLUME Omar El-Sharif June 18, 2025 0 Comments

Cryptocurrency Price Today (June 18): Bitcoin Dips Below $105,000, KAIA Emerges as Top Gainer

On June 18, Bitcoin dipped below $105,000, leading the cryptocurrency market to a global cap of $3.27 trillion. Meanwhile, KAIA emerged as the top gainer, while Story (IP) suffered significant losses. Key insights from industry experts reveal cautious sentiment among investors as geopolitical tensions influence trading strategies.

On June 18, the cryptocurrency market experienced a slight downturn, as Bitcoin (BTC) dipped below the crucial $105,000 mark, trading at approximately $104,977.37, which reflects a 24-hour loss of 1.78 percent according to CoinMarketCap. The overall market cap shrank to $3.27 trillion, registering a decrease of 1.68 percent over a 24-hour period. Other cryptocurrencies, like Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) faced mixed movements with minor gains or losses.

Ethereum’s price was at $2,592.17, showcasing a modest gain of 0.59 percent. However, Dogecoin (DOGE) and Litecoin (LTC) experienced losses, with DOGE priced at $0.1706 and LTC at $84.99, marking declines of 1.81 percent and 1.59 percent respectively. There was a slight gain for Ripple, reaching $2.15, an increase of 2.56 percent, while Solana fell to $147.39 after a dip of 3.81 percent.

In terms of performance among the cryptocurrencies, KAIA stood out as the top gainer, climbing nearly 5 percent within 24 hours, while Story (IP) emerged as the biggest loser with an alarming drop of almost 9 percent. Notably, the crypto scene continues to show volatility as it reacts to ongoing geopolitical tensions, particularly in the Middle East.

In the broader market overview, CoinSwitch Markets Desk emphasized BTC’s recent weakness due to elevated geopolitical uncertainties amidst rising tensions. The area around $108,000 serves as a major resistance for Bitcoin, while the $100,000 level has turned into a psychological support point. Notably, a significant event occurred as the US Senate passed the GENIUS act which, if enacted, would provide guidelines for stablecoin issuers, marking a historic stride towards crypto regulation in the US.

Edul Patel, CEO and co-founder of Mudrex, shared insights about market trends. He pointed out that while Bitcoin remains stable among retail investors holding back, institutional purchasing shows strong long-term conviction. As the market awaits the Federal Reserve’s rate decision, potential breakout points remain on investors’ radar.

Avinash Shekhar from Pi42 echoed similar sentiments, suggesting that the market is entering a phase where caution prevails as investors recalibrate their strategies amidst geopolitical worries, specifically regarding the Iran-Israel conflict. Ethereum is nearing a pivotal moment known as a golden cross, indicative of potential upward movement.

Likewise, Sathvik Vishwanath from Unocoin noted the resilient bullish structure prevailing for Bitcoin, despite short-term dips. He discussed the importance of closely monitoring the $102,000 to $112,000 range, anticipating that any movement above $112,000 could unlock further gains.

The fluctuating environment has left many traders in a state of uncertainty, per Shivam Thakral, CEO of BuyUcoin, who remarked on the nervousness in the market due to rising tensions and lack of fresh positioning from traders. Overall, the market dynamics continue to spiral due to various factors influencing trade and investment decisions.

In summary, the cryptocurrency market is in a state of flux as Bitcoin slightly dips below $105,000 while KAIA performs notably well. The overall market cap has decreased slightly, with altcoins displaying mixed results. Geopolitical tensions and ongoing regulatory developments are central to current investor sentiment. Traders are advised to stay informed as the market remains highly dynamic and unpredictable.

Original Source: news.abplive.com