Crypto Market Update

Crypto majors slid further on Thursday, with the dollar gaining ground as fears of a broader conflict in the Middle East intensified.

Current Prices

• XRP: $2.18
• Cardano’s ADA: $0.60580
• Solana’s SOL: $146.89
• Dogecoin (DOGE): $0.17137 (down over 10% for the week)
• Ether (ETH): $2,529.74 (lost 0.7%)
• Bitcoin (BTC): $105,150.07

XRP, ADA, and SOL lost over 1% in the past 24 hours. Dogecoin remained flat but has significantly declined since early June, and Ether has reversed all gains from earlier this week.

Despite the downturn in major cryptos, U.S. spot Bitcoin exchange-traded funds (ETFs) attracted inflows of over $389 million on Wednesday, while spot ETH ETFs saw $19 million in positive flows.

Market Influences

U.S. officials are reportedly deliberating a direct strike on Iran, and the Federal Reserve indicated a more persistent inflation outlook, unsettling investors. This has led to volatility in equities, crypto majors, and commodities.

Fed Chair Jerome Powell cautioned that tariffs and global conflict may hinder inflation control. Although the central bank kept rates steady, he noted that consumers would bear the cost of tariffs, and more data is needed before considering rate cuts.

Altcoins Struggle

In times of macro stress, higher-risk altcoins are typically the first to be offloaded. Bitcoin remains range-bound; despite a 13% year-to-date climb due to ETF inflows and dollar weakness, it has not decisively acted as either a haven or a risk asset this week.

“Bitcoin seems stuck between two worlds,” remarked FxPro analyst Alex Kuptsikevich, stating it has not reacted to rising risk appetite nor surged like gold amid heightened conflict.