Introduction
The global cryptocurrency market saw strong momentum on Wednesday, June 11, 2025, with Bitcoin and Ethereum leading the gains. Most altcoins traded in the green, reflecting renewed investor confidence. The total crypto market capitalization rose to $3.45 trillion, marking a 0.81% increase in the last 24 hours, according to CoinMarketCap.
Bitcoin Holds Firm Near $110,000
On international exchanges, Bitcoin (BTC) was trading at $109,500 (approximately ₹93.6 lakh), showing minor gains under 1%. The asset briefly surged past $110,000 before pulling back slightly. On Indian platforms like CoinDCX and WazirX, Bitcoin dipped 0.40%, currently valued at $111,034 (₹94.9 lakh).
“Bitcoin’s breakout above $110,500—its highest in two weeks—reflects growing optimism among institutional and retail investors,” said Avinash Shekhar, CEO of Pi42.
Ethereum Gains Over 4%
Ethereum (ETH) recorded significant gains, up 4.60% to trade at $2,793 (₹2.38 lakh) globally. Indian exchanges mirrored this bullishness with ETH trading around $2,800.
Himanshu Maradiya of CIFDAQ noted, “The Ethereum surge is backed by institutional demand. BlackRock’s iShares Ethereum Trust has seen 23 consecutive days without outflows, signaling long-term confidence.”
Top Altcoin Performers
Besides BTC and ETH, several altcoins posted positive movement:
- Cardano (ADA) – Up marginally
- WETH – Reflected healthy gains
- Bitcoin SV, Iota – Gained traction on mid-cap charts
- Binance Coin (BNB), Tron (TRX), Shiba Inu (SHIB), Litecoin (LTC) – All traded in the green
CoinDCX’s research team attributed the positive trend partly to US-China trade negotiations in London concluding with a mutual framework. This global economic stability often contributes to increased risk appetite in digital assets.
Altcoins in the Red
Despite the market-wide rally, a few altcoins posted losses:
- Ripple (XRP)
- Solana (SOL)
- Dogecoin (DOGE)
- Leo Token
- Polygon (MATIC)
The reasons behind these specific drops may range from profit booking to lower short-term volume activity.
Stablecoins and Privacy Coins
Stablecoins remained stable, as expected, while privacy coins like Monero (XMR), ZCash (ZEC), and EOS showed small but positive price movements.
Notable Events
- Circle’s IPO — Shares of Circle, the company behind USDC stablecoin, surged during their NYSE debut, boosting market sentiment.
- UK’s First Web3 Insolvency Specialist — The UK government appointed its first crypto fraud investigator to oversee blockchain-related bankruptcy cases.
Market Outlook
With Bitcoin hovering near the key resistance of $110K and Ethereum showing sustainable gains, the broader crypto market may be entering a new bullish phase. Analysts continue to urge caution, citing short-term volatility despite the overall upward trend.
Conclusion
Today’s price action reflects the resilience of digital assets amid macroeconomic negotiations and regulatory shifts. Investors are advised to stay informed and diversified, especially as we approach key quarterly earnings and interest rate decisions in major economies.
For more analysis, check out: Top Altcoins to Watch in 2025