Markets Bounce Back After Ceasefire Agreement

Market Highlights

• Crypto markets rebounded sharply after U.S. President Donald Trump announced a ceasefire agreement between Israel and Iran.
• Bitcoin rose +7%, supported by a 13-day inflow streak into U.S. spot ETFs, totalling US$2.9 billion.
• Ethereum rallied +12%, with ETH ETFs recording their strongest monthly inflows of 2025.
• SOL and DOGE led altcoin gains, each posting strong double-digit returns.
• Fed Chair Jerome Powell reiterated support for clearer crypto regulation, while U.S. housing regulators signalled openness to including crypto in mortgage risk assessments.

Market Overview

Crypto markets staged a strong rebound this week as geopolitical tensions in the Middle East eased. The news came late Monday, when U.S. President Donald Trump announced that Israel and Iran had reached a ceasefire agreement. The news eased fears of further escalation, restoring global risk appetite and triggering over US$350 million in short liquidations across crypto markets.

Bitcoin and Ethereum led the rebound rally, buoyed by improving sentiment and renewed inflows into spot ETFs. The broader market followed, with total crypto market capitalisation rising in step as major altcoins logged notable gains. The ceasefire provided a welcome reprieve from two weeks of heightened geopolitical risk and laid the groundwork for renewed bullish momentum heading into July.

Bitcoin (BTC)

Bitcoin (BTC) opened the week on uncertain footing, briefly retesting the US$100,000 support level before rebounding sharply on news of a ceasefire agreement between Israel and Iran. The announcement triggered a +4% gain on Monday, setting the tone for sustained strength throughout the week.

BTC closed at US$108,350, up +7.26% for the week, with six of seven daily sessions printing green candles. It is now trading near the top of its recent range and approaching a key resistance level at US$111,000, its previous all-time high.

In parallel, U.S. spot Bitcoin ETFs posted their longest inflow streak since December 2024, recording 13 consecutive days of net inflows totalling US$2.9 billion. Tuesday marked the largest single-day inflow for June at US$588.6 million. BlackRock’s IBIT led with US$163.7 million on Thursday, followed by Fidelity’s FBTC with US$32.9 million and Bitwise’s BITB with US$25.2 million, according to Farside Investors data.

Ethereum (ETH)

Ethereum (ETH) opened the week at US$2,226 and surged +8% on Monday, mirroring the broader market rebound. Momentum carried through the week, with ETH closing at US$2,500, up +12.17% overall. The asset now sits near the midpoint of its trading range between US$2,200 and US$2,800, a zone it has largely respected since early May.

In tandem with Bitcoin, U.S. spot ETH ETFs continued to attract steady inflows. Over the past week, they recorded US$283.41 million in net inflows, extending their positive streak to seven consecutive weeks. For June, cumulative inflows reached US$1.13 billion, marking the strongest monthly performance for ETH ETFs in 2025.

Altcoins

Altcoins rallied alongside majors, with several of the top 10 assets by market cap outperforming. Solana (SOL) led large-cap gains, surging +16.41% on the week, while Dogecoin (DOGE) climbed +12%. XRP (XRP) rose +9.32% following Ripple’s decision to drop its SEC appeal, and Cardano (ADA) and Tron (TRX) added +6.53% and +5.61% respectively. The broad-based rebound reflects a shift back toward risk assets, as traders re-engage with altcoins after several weeks of cautious market positioning.

Biggest Gainers:

• Pengu (PENGU) rallied +66.3% this week after the Cboe filed an application with the U.S. SEC for a Pengu ETF, making it only the second meme coin to have a proposed ETF in the pipeline. The filing ignited a wave of speculative interest and drove significant price action.
• Movement (MOVE) jumped +59.4% following confirmation that the Movement Network Foundation continued its token buyback programme, purchasing 63 million MOVE tokens in June. 
• SEI (SEI) climbed +49.68% as the network recorded fresh all-time highs across key onchain metrics, including daily active addresses and total value locked. The sustained growth reflects increasing user adoption and strengthening fundamentals.

Biggest Losers:

• KAIA (KAIA), Zeebu (ZBU) and Solayer (LAYER) were among the week’s weakest performers, falling -8.76%, -7.12%, and -7.03% respectively. The declines came amid a lack of major news, likely driven by broader market rotation and short-term profit-taking.

ICYMI - The Week in Crypto News

Here are a few key stories you may have missed:

• Fed Chair backs crypto clarity: Jerome Powell told Congress that US banks are free to engage with crypto, calling for a stablecoin framework and supporting ongoing legislative efforts.
• FHFA eyes crypto in mortgages: The U.S. federal housing regulator directed home mortgage lending giants Fannie Mae and Freddie Mac to formally explore how crypto could factor into mortgage risk assessments.
• Chainlink and Mastercard join forces: The companies announced a partnership enabling over 3 billion Mastercard cardholders to purchase crypto directly onchain via Swapper Finance. Powered by Chainlink’s infrastructure, the initiative bypasses centralised exchanges and aims to simplify access to digital assets for mainstream users.
• Ripple to drop SEC appeal: Ripple CEO Brad Garlinghouse confirmed the firm will drop its cross-appeal in the ongoing SEC lawsuit over XRP sales, narrowing the scope of the legal battle as both sides move closer to resolution.
• Fiserv to launch stablecoin on Solana: $90B payments giant Fiserv announced plans to launch FIUSD, a dollar-backed stablecoin on Solana, designed for banks, merchants, and institutions. The Solana-based asset is expected later this year.
• Bakkt eyes $1B raise for potential Bitcoin play: Digital asset platform Bakkt filed with the SEC to sell up to $1 billion in securities. The raise could fund corporate expansion, including the addition of Bitcoin to its treasury.
• Metaplanet adds to Bitcoin treasury: Japanese Bitcoin treasury firm Metaplanet acquired an additional 1,234 BTC worth nearly US$132 million. This brings its total holdings to 12,345 BTC, valued at over US$1.32 billion.
• Pompliano-backed ProCap buys $395M in Bitcoin: Bitcoin treasury firm ProCap, founded by investor Anthony Pompliano, purchased 3,724 BTC worth approximately $395 million. The acquisition came just one day after announcing plans to go public via a $1 billion SPAC deal, signalling a bold bet on Bitcoin ahead of its public listing.
• Arbitrum DAO greenlights 80M ARB DeFi incentives: The approved DeFi Renaissance Incentive Program (DRIP) program will distribute up to 80 million ARB tokens over four seasons to boost developer activity and user engagement, aiming to revitalise DeFi innovation across the Arbitrum ecosystem.
• Aave to launch on Aptos: Leading DeFi lending protocol Aave is expanding to the Move-based Aptos network. The deployment follows a governance proposal that reached quorum, as confirmed by founder Stani Kulechov in an X post on Monday.

Looking Forward - The Week Ahead

Key upcoming events to watch:

• ECB Forum in Sintra: Traders are eyeing a pivotal week for global macro, headlined by the European Central Bank’s annual policy forum. All eyes will be on Fed Chair Jerome Powell’s panel appearance on Tuesday for clues on interest rate trajectories and inflation outlooks.
• ETHCC kicks off in Cannes: The Ethereum Community Conference begins this week in Cannes, a key event historically associated with major product reveals and ecosystem developments. Market participants are watching for catalysts that could drive positive sentiment in ETH and related assets.
• Aerodrome and Velodrome tease collaboration: Both DEX projects have hinted on X at a major announcement this week during ETHCC in Cannes. Speculation is building around a possible partnership or integration.
• Jupiter (JUP) to launch Studio product: Jupiter is expected to launch Jupiter Studio early next week, a new memecoin launchpad positioned as a competitor to Pump Fun. 
• VeChain (VET) to launch StarGate staking platform: VeChain will roll out StarGate on Jul 1, a new staking platform designed to boost VET’s onchain utility and engagement. The upgrade introduces improved yield mechanics and is aimed at incentivising long-term holders to participate more actively in the ecosystem. 
• SUI token unlock: Over $131 million in SUI tokens—about 1.3% of circulating supply—will be unlocked on 1 July. The event could lead to short-term price pressure as early backers gain liquidity.

Thanks for reading this week’s Market Pulse. We’ll be back next week with more insights from the crypto markets!