U.S. spot Bitcoin ETFs saw about $692 million in net outflows on June 25, while spot Ethereum ETFs recorded about $82 million in net outflows.
Bitcoin briefly fell below $59,000 as hot U.S. PCE inflation, renewed Fed rate-hike concerns, and a sharp selloff in Asian equities pressured risk assets.
The June 26 quarterly options expiry added to volatility, with roughly $10.6 billion in Bitcoin options open interest and traders watching the $60,000 area as a key support level.
Tether’s USDT briefly surpassed Ethereum by market capitalization as ETH fell toward its lowest level of 2026, highlighting stronger demand for stablecoins during the selloff.
Coinbase-backed Base resumed block production after a nearly two-hour consensus-related outage, while the network later completed its Beryl upgrade focused on faster withdrawals and new standards for real-world assets and stablecoins.
SharpLink bought 5,000 ETH for the first time in eight months as Ethereum weakened, bringing its holdings to 876,285 ETH and ETH equivalents.
Bitcoin is trading around $60,700, while Ethereum is trading around $1,585.
The Fear and Greed Index stands at 13, indicating extreme fear in market sentiment.
