Delicate dance
What's being bought and sold*
TOP TRENDING ASSETS
*Trading activity in the past 24 hours on the Uphold platform, as of 8 a.m. 25th June 2025.
The combined total of buy and sell percentages can exceed 100% due to customers who engage in both buying and selling the same asset within the 24-hour time frame.
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What’s up
BTC Finds Footing With World On Tenterhooks
Bitcoin ticked above $107,000 as investors weighed the odds that a ceasefire between Iran and Israel might hold.
Even battling the stiff headwinds of geopolitical turmoil, the biggest bopper in cryptoland has edged 2.2% higher over the past seven days, versus a 3.9% loss for Ethereum, per CoinGecko, as of early Wednesday.
Checking the top 30 largest cryptos, we find HBAR, the native asset of the public Hedera network, leading the pack as it reacquaints with the 15-cent mark. HBAR, rebounding from a recent low of 13 cents, popped by 3.5% since last Wednesday. Only one other large-cap coin had gained at least 2.5% over the past wartime-wrenched week and that was Chainlink (LINK).
Spot BTC ETF flows stayed in deluge mode, even amidst a still-simmering Middle East conflagration, underscoring the notion there is legitimate institutional interest in the asset class. Yesterday marked the biggest one-day inflow of this month as U.S.-listed BTC funds garnered $588M; Tuesday's surge extended to 11 consecutive days the streak of net positive flows, marking the longest stretch of consecutive daily positive flows since December 2024, said Cointelegraph, citing data from Farside Investors. Over that 11-day period, BTC ETFs, led by BlackRock's IBIT, attracted more than $2.2B.
What's down
Oil Prices Level Off After Plunging
On Tuesday, Israel and Iran each signaled that their air war had ceased, for now. Amidst the easing tensions, the benchmark Brent crude oil futures contract settled at its lowest level since June 10, three days before Israel attacked Iranian nuclear facilities.
After plunging in the last two sessions, oil prices actually found respite today as investors assess the stability of the Trump-brokered ceasefire (CNBC).
CoinGecko's universe contains an obscure, micro-cap token called Digital Oil Memecoin (OIL) and which is semi-noteworthy if only because OIL, after merely a few days of existence, has plummeted by nearly 90%.
What's next
Stablecoin Bandwagon Rolls Into Beijing
A push from the U.S. Congress to support USD-pegged stablecoins sets the stage for dollar dominance in the digital domain — and China apparently has taken notice.
In a speech last week, Pan Gongsheng, governor of the PBoC, emphasized a desire by Chinese authorities to accelerate the growth of RMB-backed stablecoins for cross-border payments (Cointelegraph).
Meanwhile, Hong Kong is advancing new stablecoin rules, offering a regulated framework for coins pegged to the offshore Chinese yuan (CNH).
The role of the greenback as the world's reserve currency has been under siege since Trump took office and put tariffs at the center of his agenda. Even the prospect of a widening hot war in the Middle East couldn't halt the dollar's decline as it just hit a three-year low, as measured by the U.S. Dollar Index (DXY).
USD-pegged stablecoins, some bank analysts insist, have the potential to expand the dollar's reach into emerging markets via their key role in the world of low-cost, near-instantaneous settlement.
