BTCC Crypto Daily (6.25) |Powell Rejects July Rate Cut, Bitcoin Dominance Rises to 62%
By:C, Fiona1.Overview
- Fed Chair Jerome Powell rejected the possibility of a rate cut in July.
- The state of Arizona passed the Bitcoin reserve bill HB2324.
- Chainlink partnered with Mastercard to support crypto purchases for 3 billion cardholders.
- Bitcoin surged past $106,000, with market dominance rebounding to 62%.
2.Macro & Policy Outlook
Key Events Today
- Fed Chair Powell will testify before the Senate on the semiannual monetary policy report.
- The U.S. will release weekly EIA crude oil inventory data today (previous: -11.473 million barrels).
Global Macro Developments
1.Powell Rejects Possibility of July Rate Cut
On June 24 (local time), Iran and Israel declared a formal ceasefire. U.S. President Trump announced both nations have reached full agreement to implement the ceasefire.
2.BIS: Stablecoins Unlikely to Be Core of Future Monetary System
On June 24, per CoinDesk, Texas Governor Greg Abbott signed Senate Bill 21, making Texas the first U.S. state to allocate public funds to establish a Bitcoin reserve. The state will earmark $10 million—becoming the first state to fund (not just authorize) a cryptocurrency reserve. Lee Bratcher, Chairman of the Texas Blockchain Council, said this investment represents just 0.0004% of the state budget but signals Texas’s recognition of digital finance’s future. Accompanying HB 4488 prohibits reserve funds from entering the regular state budget.
3.Ohio Lawmaker Proposes State-Level Bitcoin Reserve
Following the passage of HB116 to reduce crypto tax burdens, Ohio Representative Steve Demetriou stated that the next step is to establish a state-level Bitcoin reserve. The proposed bill HB18 would allow the state treasurer to allocate up to 10% of selected public funds into “high-market-cap” cryptocurrencies.
4.Arizona Passes Bitcoin Reserve Bill HB2324
The state of Arizona passed Bitcoin reserve bill HB2324, creating a reserve fund for assets seized through criminal forfeiture. If signed by Governor Hobbs, it will become the second reserve-related bill enacted in the state.
Traditional Asset Correlation
All three major U.S. indices continued to rise: S&P 500 +1.11%, Nasdaq +1.43%, Dow Jones +1.19%.
Spot gold plunged 1.67% in early trading, briefly falling below $3,300 before recovering to close at $3,333.80/oz.
WTI crude (USOIL) fell 3.35% before rebounding to close at $65.25/barrel.
3.Crypto Market Snapshot
1. Spot Performance of Major Cryptocurrencies
(As of 12:00 HKT, June 25, 2025)
2. Analysis of Futures Capital Inflows and Outflows
On June 25, according to Coinglass data, over the past 24 hours, contract trading for BTC, ETH, SOL, WIF, BANANAS31, SEI, and UNI showed leading net capital inflows, suggesting potential trading opportunities.
3. Bitcoin Liquidation Map
According to Coinglass data on June 25, the Bitcoin exchange liquidation map shows that based on the current price of 106,492 USD:
• If BTC falls below $104,000, the cumulative long liquidation pressure on major CEXs will reach $1.874 billion.
• Conversely, if BTC breaks above $107,000, cumulative short liquidation pressure will reach $388 million.
It is advised to manage leverage ratios prudently to avoid triggering large-scale liquidations due to market fluctuations.
4. Bitcoin Long/Short Ratio
As of 12:00 HKT on June 25, Coinglass data shows the global Bitcoin long/short ratio at 0.9205, with:
• Long positions: 47.93%
• Short positions: 52.07%
5. On-Chain Monitoring
On June 25, according to the latest data from Bitinfocharts, the average daily Bitcoin hashrate dropped to approximately 661.26 EH/s, marking a 10.68% decline over the past 24 hours — the lowest level since October 18, 2024.
4.Blockchain Headlines
- “ETH’s MicroStrategy” SharpLink Gaming has once again added 12,207 ETH to its holdings, bringing its total to 188,478 ETH.
- Trader Eugene: With Middle East tensions easing, the market is resuming its downward trend. He is currently adopting a long BTC and short altcoins strategy.
- Solana treasury firm Upexi’s stock plummeted 60% after investors sold off 43 million shares.
- NYSE Arca has submitted an application to list a Truth Social Bitcoin and Ethereum ETF.
- A whale known for a 100% win rate on ETH in three trades has opened 10,000 ETH short positions overnight, with a current unrealized profit of $13.71 million.
- Rich Dad Poor Dad author: Waiting for a crash in gold and Bitcoin to accumulate more positions.
- ProCap announced the acquisition of 3,724 BTC, valued at approximately $387 million.
- BlackRock’s ETHA withdrew 11,185 ETH worth around $27.2 million from Coinbase Prime.
- The U.S. SEC has delayed its decision on the 21Shares Spot Polkadot ETF.
- Market update: Polymarket has raised nearly $200 million and is now valued at over $1 billion.
- CoinCoin responded to the SparkKitty malware incident: a risky SDK was embedded, but never activated; user data remained secure.
- Delin Holdings and ViaBTC have formed a joint venture to build a Bitcoin reserve.
- Bitcoin dominance has risen to 62%, as institutional investors continue to favor blue-chip crypto assets.
- Chainlink and Mastercard partnered to allow 3 billion cardholders to purchase cryptocurrencies.
5.Institutional Insights · Daily Picks
- 10x Research: Bitcoin’s year-to-date performance has significantly underperformed expectations. The market is now focused on the upcoming CPI data release on July 15.
- Matrixport: Due to the impact of Circle, market attention is gradually shifting toward stablecoin issuers and other core crypto infrastructure companies.
- Greeks.Live: The ceasefire between Israel and Iran failed to provide sustained momentum to the crypto market. Traders expect continued market consolidation.
6.BTCC Exclusive Market Analysis
On June 25, Bitcoin consolidated above the $105,000 support level and is now trading at $106,228, up approximately 0.8% on the day. On the 4-hour chart, the price has firmly held above the short-term moving average. The MACD histogram continues to expand, and the RSI remains around 64, indicating strong market momentum. In the short term, BTC is likely to test the $106,800 resistance level.
Overall, technical indicators suggest a bullish structure. If trading volume further increases, the rebound trend may continue. We recommend watching whether the $105,000 support level remains effective and observing any potential breakout around the $107,000 mark.
Risk Warning: The above content is for reference only and does not constitute any investment advice or trading guidance. The market involves risks. Please exercise caution and manage your risk accordingly.
How to Trade Crypto on BTCC?
This brief instruction will assist you in registering for and trading on the BTCC exchange.
Step 1: Register an account
The first step is to hit the “Sign Up” button on the BTCC website or app. Your email address and a strong password are all you need. After completing that, look for a verification email in your inbox. To activate your account, click the link in the email.
Step 2: Finish the KYC
The Know Your Customer (KYC) procedure is the next step after your account is operational. The main goal of this stage is to maintain compliance and security. You must upload identification, such as a passport or driver’s license. You’ll receive a confirmation email as soon as your documents are validated, so don’t worry—it’s a quick process.
Step 3. Deposit Funds
After that, adding money to your account is simple. BTCC provides a range of payment options, such as credit cards and bank transfers. To get your money into your trading account, simply choose what works best for you, enter the amount, and then follow the instructions.
Fiat Deposit. Buy USDT using Visa/Mastercard (KYC required).
Crypto Deposit. Transfer crypto from another platform or wallet.
Step 4. Start Trading
If you wish to follow profitable traders, you might go for copy trading, futures, or spot trading. After choosing your order type and the cryptocurrency you wish to trade, press the buy or sell button. Managing your portfolio and keeping track of your trades is made simple by the user-friendly interface.
Look more for details: How to Trade Crypto Futures Contracts on BTCC
BTCC FAQs
Is BTCC safe?
Based on its track record since 2011, BTCC has established itself as a secure cryptocurrency exchange. There have been no reports of fraudulent activity involving user accounts or the platform’s infrastructure. By enforcing mandatory know-your-customer (KYC) and anti-money laundering (AML) procedures, the cryptocurrency trading platform gives consumers greater security. For operations like withdrawals, it also provides extra security features like two-factor authentication (2FA).
Is KYC Necessary for BTCC?
Indeed. Before using BTCC goods, users must finish the Know Your Customer (KYC) process. A facial recognition scan and legitimate identification documents must be submitted for this process. Usually, it is finished in a few minutes. This procedure has the benefit of strengthening the security of the exchange and satisfying legal requirements.
Because their accounts will have a lower daily withdrawal limit, those who do not finish their KYC are unable to make deposits. It should be noted that those who present a legitimate ID without a facial recognition scan will likewise have restricted withdrawal options.
Is There a Mobile App for BTCC?
Indeed. For users of iOS and Android, BTCC has a mobile app. The exchange’s website offers the mobile app for download. Since both the web version and the mobile app have the same features and capabilities, they are comparable.
Will I Have to Pay BTCC Trading Fees?
Indeed. BTCC levies a fee for trade, just like a lot of other centralised exchanges. Each user’s VIP level, which is unlocked according to their available money, determines the different costs. The BTCC website provides information on the charge rates.
Can I Access BTCC From the U.S?
You can, indeed. According to its website, BTCC has obtained a crypto license from the US Financial Crimes Enforcement Network (FinCEN), which enables the cryptocurrency exchange to provide its services to investors who are headquartered in the US.
According to BTCC’s User Agreement document, its goods are not allowed to be used in nations and organisations that have been sanctioned by the United States or other nations where it has a licence.
BTCC Guide:
How to Trade Crypto Futures Contracts on BTCC
BTCC Guide-How to Deposit Crypto on BTCC?
What is Crypto Futures Trading – Beginner’s Guide
What is Leverage in Cryptocurrency? How Can I Trade at 100X Leverage?
BTCC Review 2024: Best Crypto Futures Exchange
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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
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