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Bitcoin falls to $101K despite Texas approving a Bitcoin reserve bill.
Ethereum, Solana, and XRP post losses between 1.8% and 2.5%.
Nakamoto Holdings raises $51.5M to expand BTC holdings.
Crypto prices today, June 18, 2025, reflect a mixed trend in the market. The global market cap as of 10.15 AM has decreased by 1.25% to $3.11 T. Macroeconomic developments are impacting crypto prices today, along with a cautious investor sentiment.
Let’s take a closer look at the crypto prices of the top ten tokens today to understand what to expect in the coming days.
Here’s the current performance of the world’s top ten tokens:
Bitcoin dropped 1.33% to $101,291.75, with a daily trading volume of $60.36 billion. The dip comes despite bullish news from Texas, where Governor Greg Abbott signed Senate Bill 21 to create a Strategic Bitcoin Reserve.
Texas has become the first US state to add Bitcoin to its official balance sheet. Still, the market remains cautious. Short-term volatility is overshadowing institutional optimism.
Ethereum fell 2.12% and is now trading at $2,237.49. Its market cap is $270.1 billion, with a trading volume of $22.85 billion. ETH had shown resilience earlier this month, but it is now facing profit booking.
XRP slipped 2.48% to $2.02. Its market cap remains firm at $119.27 billion.
Cardano (ADA) also declined, dropping 1.11% to $0.5467.
Dogecoin (DOGE) is down 1.96%, currently priced at $0.1529.
Solana (SOL) fell 1.84% to $133.42.
BNB (Binance Coin) dropped 1.59%, ending the day at $621.27.
TRON (TRX) recorded the steepest drop among the top ten coins. It fell 2.65% to $0.2661. Despite strong DeFi adoption across Asia, TRX failed to attract bullish momentum this week.
The broader market sentiment remains cautious, influencing these altcoins.
Stablecoins hold steady amid the market downturn.
Tether (USDT) held its peg at $1.00, and USD Coin (USDC) remained at $0.9999. Their trading volumes are high, $92 billion for USDT and $11.67 billion for USDC. This shows investors are seeking safety during uncertain market phases.
Also Read: Why Bitcoin, Stocks & Gold Are Hitting Highs: Here's What's Driving It
Here are the global news and policy developments that are impacting the crypto market today on June 23, 2025:
David Bailey, Trump’s crypto advisor and head of Nakamoto Holdings, announced a major funding round. His firm secured $51.5 million in less than 72 hours. The money will be used to acquire more Bitcoin for its corporate treasury.
The funding came through a PIPE (Private Investment in Public Equity) deal with KindlyMD. Bailey said, “Investor demand is strong.” He emphasized the urgency to accumulate more BTC due to rising global interest and increasing geopolitical uncertainty.
Samson Mow, founder of Jan3, is eyeing the expansion of Bitcoin across Europe. He met with French lawmaker Sarah Knafo during BTC Prague last week. They discussed launching a Strategic Bitcoin Reserve for France.
Following the meeting, Knafo invited Mow’s team to collaborate on regulatory frameworks. The goal is to make France and potentially all of Europe more Bitcoin-friendly. Mow aims to replicate the Texas-style adoption model across the EU, mirroring successful initiatives in Latin America.
Today’s crypto market remains volatile despite major developments, such as Texas’s Bitcoin Reserve and Nakamoto Holdings’ massive capital raise. As geopolitical events and adoption plans unfold, from Samson Mow’s European strategy to Texas’s bold move, the coming weeks may reshape the narrative. For now, investors appear cautious, striking a balance between long-term optimism and short-term price corrections.
Also Read: Crypto Vs Banks: Why More Investors Are Choosing Digital Assets?
1. Why did Bitcoin fall below $102K today?
Bitcoin dropped 1.33% due to ongoing market volatility and investor profit-taking, despite positive regulatory news from Texas.
2. What is Texas’ new Bitcoin legislation?
Texas passed Senate Bill 21 to create a state-run Strategic Bitcoin Reserve.
3. Which altcoins dropped alongside Bitcoin today?
Ethereum, XRP, ADA, SOL, DOGE, and BNB all experienced declines of 1%–2.5%.
4. What is Nakamoto Holdings planning with its new funds?
It raised $51.5 million to expand its Bitcoin treasury reserves.
5. Who is leading Bitcoin advocacy in Europe now?
Samson Mow is pushing for nation-state Bitcoin adoption across the EU.
