Despite the positive news on the US-China trade front and the CPI numbers in the States, bitcoin’s price failed to capitalize and has fallen by over two grand.

Most altcoins are also in the red today, with DOGE, SUI, ADA, LINK, TRX, and AVAX posting big losses.

BTC Stopped at $110K

After last Friday’s violent correction amid the rising tension between US President Trump and former ally Musk, when BTC plunged below $100,500, the primary cryptocurrency was actually going strong for a while. It managed to recover all losses by the weekend and started to gain traction at the start of the current business week.

Bitcoin spiked to $110,500 on a few occasions as the week progressed, and the latest example came yesterday when the asset came just over a grand away from tapping a new all-time high.

The macroeconomic scene improved as the POTUS said Washington and Beijing are very close to a trade deal, while the US CPI data for May was more favorable than expected. However, BTC failed to keep climbing and was quickly stopped at the $110,000 mark and pushed south by over $2,500.

As of now, it still trades below $108,000, and its market cap has slumped to $2.140 trillion. Its dominance over the alts stands still at 61% on CG.

Alts in Retreat

Most altcoins registered impressive gains in the past several days, so it’s rather expected that red dominates the charts today. Ethereum, which recently painted a multi-month peak, is down by just over 1% and trades at $2,750. XRP has lost the $2.3 line and is below $2.25 after a 4% daily decline.

Even more painful declines come from the likes of DOGE, TRX, SOL, ADA, SUI, LINK, and AVAX, with daily drops of up to 6-7%.

SPX is once again the top gainer today, having surged by almost 9%, while JUP, FET, and SEI lead in terms of value lost.

The total crypto market cap has shed over $70 billion and is down to $3.510 trillion on CG.

Spot Ethereum ETFs have outpaced their Bitcoin counterparts, raking in $240 million in net daily inflows on Wednesday, June 11.

This figure eclipsed the $164 million flowing into BTC ETFs, marking the first time Ethereum products have led daily inflows since the launch of U.S. spot crypto ETFs 18 months ago.

Ethereum Breaks Through

The shift, hailed by analysts and echoed across social media, is seen by some as a potential turning point in institutional crypto adoption, fueled by unique catalysts driving capital towards the second-largest digital asset.

“As far as I can remember, this is the first time this has happened,” noted prominent crypto commentator CryptoMe in a post on X, highlighting the historic nature of the flows.

Data compiled by SoSoValue shows a consistent trend building over recent weeks. Ethereum ETFs have now enjoyed 18 consecutive days of net inflows, culminating in the near-record $240.29 million haul. The crypto-linked investment products now boast $3.74 billion in cumulative net inflows, $830.98 million in total daily trading volume, and $11.05 billion in net assets, making up roughly 3.25% of Ethereum’s market cap.

The top performer, BlackRock’s ETHA, contributed just over $163 million on June 11 alone and leads all Ethereum ETFs with $5.13 billion in cumulative inflows.

In comparison, while still dominant in absolute terms, spot BTC ETFs appear to be facing diminishing momentum. Despite some $45 billion in cumulative inflows and almost $132 billion in assets under management (AUM), net inflows have softened over the past week. After a mid-week rally on June 10, where the ETFs brought in $431.12 million, flows tapered off, dropping to $164.57 million on June 11.

Even BlackRock’s flagship IBIT, which recently shattered records by becoming the fastest ETF in history to surpass $70 billion in AUM, is now experiencing moderated daily volumes, down to $1.89 billion yesterday.

Regulatory Clarity, DeFi Potential Spark Inflows

Market watchers have pointed to a combination of factors to explain Ethereum’s sudden surge in the spot ETF space. These include optimism in the decentralized finance (DeFi) sector following recent remarks by U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins directing the agency to explore rule amendments to accommodate on-chain financial systems.

Other key drivers include a perception of ETH as an undervalued asset as well as institutional spillover from Bitcoin ETFs. Regulatory clarity, particularly regarding Ethereum’s classification, appears to be easing institutional hesitancy.

Furthermore, ETH’s stronger recent price performance, up 5.4% over the past week compared to BTC’s 2.9% gain, and 12% over the last month versus the king cryptocurrency’s 4.9%, is reinforcing the undervaluation narrative, especially with Bitcoin trading just 3.8% below its recent all-time high while Ethereum remains 43.5% below its peak.

TL;DR

• Alongside the rest of the crypto market, Ripple’s native token has headed south with a 3% daily decline that has pushed it to $2.25.
• The XRP Army, though, remains bullish on the asset’s future price performance, especially since a key date in the legal case between Ripple and the SEC is approaching.

Save the Date: June 16

It has been nearly three months since Ripple CEO Brad Garlinghouse triumphantly announced on X that the legal spat between his company and the US securities regulator had effectively come to an end. Although both parties indeed reached an agreement regarding the payment Ripple has to make, Judge Torres rejected their joint motion, which would have extended the lawsuit, and there is no official conclusion yet.

Judge Torres argued that the agency and the company failed to file the motion correctly under Rule 60. As of now, June 16 stands as the most crucial date for a major update about the potential resolution between the two, as the SEC must file a status update with the US Court of Appeals by that date.

Numerous XRP Army members outlined the significance of the date, including perma-bull John Squire. He asked his over 500,000 followers whether Ripple’s XRP will finally get regulatory clarity after Monday.

All eyes on June 16.

The SEC still hasn’t closed the Ripple case and silence only builds the pressure.

Will this be the day $XRP finally gets regulatory clarity?

The clock’s ticking… pic.twitter.com/d1SQDWWHCO

— John Squire (@TheCryptoSquire) June 12, 2025

It’s worth noting that this is not a “settlement or bust” date for the case, but it’s an important deadline for a procedural update. Any real settlement would still require Judge Torres’s final approval, which could take more time.

Will XRP’s Price React?

Although June 16 could have significant implications in the legal case between Ripple and the SEC, market experts believe it won’t have a big positive impact on XRP’s price movements. After all, the hype surrounding the closure of the case has come and gone, and investors have already factored its resolution. However, there could be further pain on the horizon if the case is extended again, as it has been in the past.

For now, XRP’s price struggles at $2.25 following a 3% daily drop. Still, the XRP Army continues to be highly bullish on the asset’s future price trajectory, marking some mindblowing targets like the one below.

If you solve a real problem for real customers, then there will not be a limitation for $XRP‘s price.

Utility drives the price, not market cap and not supply. Only utility…

Leave a like if you believe in $10,000+ per #XRP! pic.twitter.com/sL8T9WiXIW

— ⚔️ XRP Avengers ⚔️ (@XRP_Avengers) June 12, 2025