As we move into the summer months, the crypto market enters with strong momentum. Key macroeconomic and regulatory headlines shaped the week, while Bitcoin’s move above the $111,000 mark triggered notable liquidations. Recent statements from the FCA, SEC, and the U.S. House of Representatives point toward a potentially transformative regulatory period ahead.
Market Data (as of June 11, 2025)
Bitcoin (BTC) Price:$109,608
Ethereum (ETH) Price: $2,769
BTC Market Cap:$2.18 Trillion
ETH Market Cap:$334 Billion
Total Crypto Market Cap: $3.40 Trillion
---
Market Summary
Bitcoin surged nearly 3% in the past 24 hours, briefly breaking above $111,000 and approaching $111,970. This sudden movement was largely attributed to:
Progress in U.S.–China economic discussions
Pro-crypto remarks from former U.S. President Donald Trump
The rally was accompanied by $168 million in total liquidations, including:
$110 million in Bitcoin short positions
$30 million in Ethereum short positions
This suggests that the market was not fully prepared for the upward breakout, triggering sharp short squeezes.
---
Global Regulation Watch
UK FCA Proposes Lifting Crypto ETN Ban
The UK's Financial Conduct Authority (FCA) has proposed lifting the ban on crypto ETNs (Exchange-Traded Notes) for retail investors. This could significantly expand investor access in European markets and signal a shift in regulatory tone.
U.S. House Debates CLARITY Act
The U.S. House of Representatives held hearings around the “CLARITY Act”, a legislative proposal aimed at defining the regulatory framework for digital assets. Institutional and retail investors alike are closely watching for clarity on classification and oversight.
SEC Requests Updates on Solana ETF
The SEC has requested revisions to pending “Solana ETF filings”, particularly focusing on “staking mechanisms”. A decision is expected within “3–5 weeks”, with some insiders suggesting a possible approval as early as “July”.
Altcoin & ETF Developments
“XRP” began the week with a “10% rally”, driven by rumors of an upcoming ETF and potential Nasdaq listing.
“Truth Social” officially registered both “Bitcoin and Ethereum ETFs in the state of Nevada”, highlighting the expanding role of alternative media platforms in the digital asset space.
Technical Analysis: BTC/USDT
Bitcoin continues to test its upper resistance bands. Key technical levels to monitor:
Support:$105,000 – $104,000 – $99,500
Resistance: $109,500 – $111,200 – $114,600
Sharp and volatile candle formations may occur within this range. Traders are advised to proceed cautiously.
### Conclusion: Market Momentum is Strong, Regulation is in Focus
The crypto market remains in an upward trend, bolstered by macro developments and institutional interest. Meanwhile, regulatory activity — from the UK’s ETN proposal to the U.S. CLARITY Act — suggests a clearer global framework may soon emerge.
At “KYRR.io”, we encourage our users to go beyond price action and stay informed on global developments that shape the crypto investment landscape.