On June 27, 2025, the cryptocurrency market experienced a surge in positive sentiment, fueled by expectations of a dovish stance from the Federal Reserve. This optimism follows recent comments from Fed Chair Jerome Powell. The market capitalization increased by 0.5% in the last 24 hours, reaching $3.29 trillion.
Bitcoin gained 0.33% overnight, trading at $107,351, while Ethereum added 1.5% to trade at $2,462. The CME FedWatch Tool indicates a 24.8% probability of a 0.25% rate cut by the Fed in late July, up from 12.5% a week ago. Inflows into Bitcoin-based Spot ETF products in the U.S. recorded $548 million on Wednesday.
The CoinShares Digital Asset Fund Flows report for the week ending June 16, 2025, showed inflows of $1.9 billion. The CMC Crypto Fear and Greed Index increased to 50, indicating a 'neutral' market state. Among the top cryptocurrencies, XRP edged down 0.3% overnight to trade at $2.17, while Kaspa (KAS) topped overnight gains with a 5.4% increase. (Source: RTTNews.com, June 27, 2025)