The crypto market continued trading in the green, registering a marginal increase as Bitcoin (BTC) and other cryptocurrencies registered marginal to notable increases after staying above key levels. BTC reached a high of $108,850 late Monday/early Tuesday before losing momentum and falling to $106,265. However, it regained momentum and moved to its current level. The flagship cryptocurrency is up almost 1% over the past 24 hours, trading around $107,288.
Meanwhile, Ethereum (ETH) dipped after reaching an intraday high of $2,670, dropping to a low of $2,533 before moving to its current level of $2,586. The world’s second-largest cryptocurrency is down over 1% in the past 24 hours. On the other hand, Ripple (XRP) is down nearly 3%, while Solana (SOL) is down 2.30%, trading around $153. Dogecoin (DOGE) is down over 2%, while Cardano (ADA) is down almost 2%, trading around $0.633. Chainlink (LINK), Stellar (XLM), Toncoin (TON), Hedera (HBAR), Litecoin (LTC), and Polkadot (DOT) also registered notable declines.
JPMorgan Files For JPMD Trademark
JPMorgan Chase has filed a trademark application for “JPMD,” leading to speculations it may be planning on launching a stablecoin. The application was filed with the US Patent and Trademarks Office on June 15. It describes JPMD as a service for the “trading, exchange, transfer, and payment services for digital assets.” However, the bank has yet to issue a statement about the filing. The filing comes when stablecoins are gaining momentum across Wall Street and Silicon Valley, with companies like Meta, Apple, and Google exploring stablecoin integration. Asset managers, including Fidelity, have also begun testing their offerings.
JPMorgan has also held discussions with other banks including Citigroup, Wells Fargo, and Bank of America. The timing of the move is crucial, with the US Senate scheduled to vote on the GENIUS Act, a bill that could decisively shape the stablecoin ecosystem. The legislation requires stablecoins to be fully backed by US Dollars or short-term treasuries. It also mandates regular audits and prohibits unlicensed stablecoin issuers.
JPMorgan has a long history with digital assets, having launched the JPM Coin to facilitate institutional settlements in 2019. Clients can also purchase Bitcoin ETFs and use crypto assets as collateral. The bank has also registered a trademark for “JPMorgan Wallet” to support crypto payments and currency transfers.
Paradigm Files Amicus Brief In Support of Tornado Cash Co-Founder
Venture capital firm Paradigm has filed an amicus brief in support of Tornado Cash co-founder Roman Storm. Paradigm has argued that the jury must be briefed on the law’s definition of what operating a money-transmitting business involves. The firm argued that the court must ensure that the jury understands that for Storm to be found guilty, the prosecution must prove he knowingly operated a money-transmitting business. This includes charging fees, knowingly transmitting funds, knowingly handling specific proceeds, and having custody or control of the funds being transferred. An amicus brief is filed by parties not directly involved in a court case but have an interest in the outcome of proceedings.
According to Katie Biber, Paradigm’s chief legal officer, and Gina Moon, Paradigm’s general counsel, the prosecution’s argument is “contrary to the plain text of the law, clear FinCEN guidance, and decades of case law.” They argued that the US Treasury Department under former President Barack Obama found that software development did not constitute an acceptance and transmission of value.
“Allowing this charge to persist risks letting unelected prosecutors change the plain meaning of criminal statutes–and threaten everyday citizens with imprisonment even if they are following widely disseminated and accepted regulatory guidance.”
Biber and Moon believe a guilty verdict could significantly stifle innovation and software development in crypto and fintech. It could also have a ripple effect on open source, AI, and technology communities because software developers could be held liable for how their creations are used.
Strategy Purchases $1.05B Worth Of Bitcoin
Michael Saylor’s Strategy has disclosed that it has purchased 10,100 BTC for approximately $1.05 billion at an average acquisition price of $104,080 per coin. Strategy co-founder and executive chairman Michael Saylor announced the news on X, stating,
“Strategy has acquired 10,100 BTC for ~$1.05 billion at ~$104,080 per bitcoin and has achieved a BTC Yield of 19.1% YTD 2025. As of 6/15/2025, we hodl 592,100 acquired for ~$41.84 billion at ~$70,666 per bitcoin.”
The latest purchase brings Strategy’s total Bitcoin holdings to 592,100 BTC, further cementing its place as the largest corporate holder of Bitcoin. Strategy has doubled down on its “buy and hold” strategy, using proceeds from equity and debt financing instead of its at-the-market programs. Notably, it did not sell any stock in the days leading up to its latest acquisition. Strategy’s management is convinced about BTC’s long-term value proposition. However, they acknowledge the risks associated with a highly concentrated treasury allocation. Strategy’s filing warns that the absence of diversification increases the firm’s exposure to BTC’s short-term fluctuations and volatility.
“The concentration of our assets in Bitcoin limits our ability to mitigate risk that could otherwise be achieved by holding a more diversified portfolio.”
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) registered a sharp dip on Monday after rising to an intraday high of $108,944 after reports that President Donald Trump had called his advisors to the Situation Room emerged. Tensions in the Middle East have escalated further, with President Trump leaving the G7 summit early and requesting the National Security Council meet in the White House Situation Room. Trump posted a chilling message on Truth Social after leaving the G7 summit, asking everyone to evacuate Tehran. US Press Secretary Karoline Leavitt confirmed Trump’s departure due to the escalating Middle East conflict.
“Much was accomplished, but because of what’s going on in the Middle East, President Trump will be leaving tonight after dinner with Heads of State.”
BTC responded almost immediately to the developments, registering a sharp dip on Monday. Price action turned bearish last week as BTC dipped to a low of $102,832 on Friday and remained sluggish over the weekend as buyers struggled to establish a foothold. It raced past $108,000 on Monday but lost momentum as the Middle East situation deteriorated, ultimately settling at $106,806.
Bitfinex analysts have predicted that BTC and the broader crypto market could recover if global tensions don’t escalate further. Oil prices surged as concerns of a wider conflict and disruption in production and supply grew. BTC fell over 7% following the attacks. The decline coincided with a sharp drop in net taker volume to negative $197 million, suggesting widespread panic. The Fear & Greed Index also slipped into “Fear” territory.
“This selling, however, combined with a spike in liquidations, resembles past capitulation—style setups that often mark local bottoms. If Bitcoin can hold the $102,000–$103,000 zone, it may suggest that selling pressure is being absorbed and that the market could be primed for recovery—assuming geopolitical risks don’t intensify further.”
BTC slipped below $105,000 on Wednesday (June 4) and plunged 3% on Thursday, falling to a low of $100,424 before settling at $101,614. Despite the bearish sentiment, BTC recovered on Friday, rising nearly 3% to $104,378. The price remained positive over the weekend, rising 1.15% on Sunday and registering a marginal increase on Sunday to reclaim $105,000 and settle at $105,784. BTC surged on Monday as it started the previous week on a bullish note, rising over 4% to cross $110,000 and settle at $110,251. The price fell to a low of $108,335 on Tuesday. However, it recovered from this level to register a marginal increase and settle at $110,253.
Source: TradingView
Sentiment changed on Wednesday as BTC fell 1.42%, slipping below $110,000 and settling at $108,687. Bearish sentiment intensified on Thursday as the price fell nearly 3% and settled at $105,828. BTC plunged to an intraday low of $102,832 on Friday before rebounding to register a marginal increase and settle at $106,106. Price action was mixed over the weekend as BTC registered a drop of 0.59% on Saturday before registering a marginal rise on Sunday to settle at $105,562. The price surged to an intraday high of $108,944 on Monday. However, with the Middle East crisis worsening, BTC fell to $106,806, registering an increase of 1.18%. The current session sees the price marginally down as buyers and sellers struggle to exert control. If the situation improves, BTC could move back to $110,000. However, if the Middle East conflict escalates, the price could plunge towards $100,000.
Ethereum (ETH) Price Analysis
Ethereum (ETH) price action has been muted since the weekend, trading around $2,500. The world’s second-largest cryptocurrency lost momentum after reaching a high of $2,878 last week as sellers overwhelmed buyers at upper levels. By Friday, the price had plunged to a low of $2,440 before stabilizing around $2,500 over the weekend. Like BTC, ETH rallied on Monday, rising to $2,680 before losing momentum thanks to the worsening situation in the Middle East.
Despite subdued price action, ETH continues to attract interest. A recent ETH whale purchase sparked renewed interest in the asset. The whale in question purchased 48,825 ETH for $127 million at an average price of $2,605. The purchase was completed during a sharp dip in the asset’s price, triggered by expiring options contracts and global tension. Large purchases like this suggest long-term confidence from ETH investors.
ETH has been rangebound since the weekend, trading between $2,450 and $2,700. It registered a sharp dip on Thursday (June 5), falling over 7% to go below $2,500 and settle at $2,415. The price recovered on Friday, rising nearly 3% and settling at $2,479. Price action remained positive on Saturday as ETH rose almost 2% to reclaim $2,500 and settle at $2,525. However, it was back in the red on Sunday, registering a marginal decline and settling at $2,511. Bullish sentiment returned on Monday as ETH surged nearly 7% to reclaim $2,600 and settle at $2,680. The price continued to push higher on Tuesday, rising over 5% to cross $2,800 and settle at $2,816.
Source: TradingView
ETH lost momentum on Wednesday and fell nearly 2%, slipping below $2,800 and settling at $2,772. Bearish sentiment intensified on Thursday as the price dropped almost 5%, falling below $2,700 and settling at $2,645. ETH plunged to an intraday low of $2,440 on Friday. However, it recovered from this level to reclaim $2,500 and settle at $2,579, ultimately registering a decline of 2.49%. Price action remained negative on Saturday as ETH fell nearly 2% to $2,532. Despite the bearish sentiment, ETH recovered on Sunday, rising 0.67% to end the weekend at $2,548. The price raced to an intraday high of $2,680 on Monday. It lost momentum after reaching this level and settled at $2,544, ultimately registering a marginal decline. The current session sees ETH up over 1%, trading around $2,575.
Solana (SOL) Price Analysis
Solana (SOL) lost momentum after starting the week on a bullish note, falling 1.52% to $150 after reaching an intraday high of $158. SOL has struggled in recent sessions, spending most of the previous week in the red, with bearish sentiment peaking on Friday when the price fell to a low of $140.
SOL registered a sharp drop on Thursday (June 5), falling to a low of $141 before settling at $144. The price recovered on Friday, racing to an intraday high of $152 before settling at $147, ultimately registering an increase of 2.47%. Buyers retained control over the weekend as SOL rose 1.51% on Saturday and 1.56% on Sunday to reclaim $15 and settle at $152. Bullish sentiment intensified on Monday as SOL surged nearly 6%, crossing $160 and settling at $161. The price fell to a low of $156 on Tuesday. However, it recovered from this level to register an increase of 2.44% and settle at $165.
Source: TradingView
SOL raced to an intraday high of $168 on Wednesday before losing momentum and falling 2.48% to $161. Bearish sentiment intensified on Thursday as the price fell over 5%, slipping below $160 and settling at $152. SOL plunged to an intraday low of $140 on Friday as selling pressure intensified. It recovered from this level to settle at $148, ultimately registering a decline of 2.47%. Sellers retained control on Saturday as the price fell nearly 3% to $144. Bullish sentiment returned on Sunday as SOL rose almost 6% to reclaim $150 and settle at $153. The price raced to an intraday high of $158 on Wednesday before losing momentum and dropping to $150, ultimately registering a drop of 1.52%. The current session sees SOL marginally up as buyers and sellers struggle to establish control.
Polkadot (DOT) Price Analysis
Polkadot (DOT) is struggling to regain $4 after last week’s decline pushed the asset’s price to a low of $3.66. DOT recovered over the weekend but has struggled to build momentum and reclaim $4.
DOT plunged 4.50% on Thursday (June 5), slipping below $4 and settling at $3.82. The price recovered on Friday, rising almost 2% to $2.89. Price action remained positive on Saturday as DOT registered an increase of 3.86% to reclaim $4 and settle at $4.04. Despite the positive sentiment, DOT was back in the red on Sunday, dropping 0.50% to end the weekend at $4.02. DOT was back in positive territory on Monday, rising over 3% to $4.15. The price continued to push higher on Tuesday, registering an increase of 3.37% and settling at $4.29.
Source: TradingView
DOT lost momentum on Wednesday as buyers failed to push higher. As a result, the price fell 2.56% to $4.18. Bearish sentiment intensified on Thursday as DOT plunged nearly 6%, slipping below $4 and settling at $3.93. The price fell to an intraday low of $3.66 on Friday as bearish sentiment intensified. However, it rebounded from this level to settle at $3.84, ultimately registering a decline of 2.29%. Price action remained bearish on Saturday as DOT fell 1.30% and settled at $3.79. Despite the bearish sentiment, DOT recovered on Sunday, rising almost 1% to end the weekend at $3.82. DOT raced to an intraday high of $3.00 on Monday, starting the week on a bullish note. However, it lost momentum after reaching this level and dropped to $3.84, ultimately registering an increase of 0.52%. The current session sees the price at $3.80, down over 1%.
Injective (INJ) Price Analysis
Injective (INJ) started the previous weekend on a bullish note, rising nearly 6% and settling at $11.91. Bullish sentiment intensified on Saturday as the price rallied almost 10%, crossing $13 and settling at $13.09. The price continued to push higher on Sunday, rising 1.17% to end the weekend at $13.25. Buyers retained control on Monday as INJ registered an increase of almost 4% and moved to $13.76. The price crossed $14 on Tuesday after a rise of 1.97% pushed INJ to $14.03.
Source: TradingView
Despite the positive sentiment, INJ lost momentum on Wednesday, falling over 5% and settling at $13.27. Selling pressure intensified on Thursday as INJ fell over 7%, slipping below $13 and settling at $12.31. The price plunged to an intraday low of $11.24 on Friday before settling at $11.75, ultimately registering a decline of 4.55%. Price action was bearish over the weekend as INJ fell 2.55% on Saturday and registered a marginal drop on Sunday to settle at $11.43. The price raced to an intraday high of $12.32 on Monday. However, it lost momentum after reaching this level and settled at $11.59 after an increase of 1.41%. The current session sees INJ down over 2%, trading around $11.34.
Jupiter (JUP) Price Analysis
Jupiter (JUP) started the previous weekend in the red, dropping 1.46% to $0.451. The price recovered on Saturday, rising over 2% and settling at $0.462. However, it was back in the red on Sunday, registering a marginal decline to end the weekend at $0.461. Bullish sentiment returned on Monday as JUP rose over 5% and settled at $0.485. The price continued to push higher on Tuesday, rising 2.68% and settling at $0.498. Despite a positive start to the week, JUP lost momentum on Wednesday, falling over 6% to $0.466.
Source: TradingView
Bearish sentiment intensified on Thursday as the price fell over 8% to $0.428. JUP plunged to an intraday low of $0.388 on Friday as bearish sentiment intensified. However, it rebounded from this level to settle at $0.417, ultimately registering a drop of 2.59%. Sellers retained control on Saturday, with the price falling 1.31% to $0.411. Despite the overwhelming selling pressure, JUP recovered on Sunday, rising almost 5% to end the weekend at $0.432. The price was back in bearish territory on Monday, falling over 4% to $0.414. The current session sees JUP marginally down as buyers and sellers struggle to establish control.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: https://cryptodaily.co.uk/2025/06/crypto-price-analysis-6-17-bitcoin-btc-ethereum-eth-solana-sol-polkadot-dot-injective-inj-jupiter-jup