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Debashree Patra
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Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Jun 17, 2025 07:59 UTC
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Crypto Market Today: Bitcoin Dips, XRP Pulls Back, Ethereum Lags Ahead of FOMC
Bitcoin wavers amid Fed meeting uncertainty and geopolitical tensions, while ETFs see $1.4B in inflows, showing growing investor trust.
XRP leads altcoin recovery, outperforming Bitcoin this cycle with 1,000%+ gains, as markets await Fed signals and Middle East updates.
A cloud of uncertainty hangs over global markets as investors brace for the upcoming U.S. Federal Reserve meeting. With no major policy shifts expected, traders are watching closely for signals on rate cuts, inflation trends, and macro risks. The crypto market, already tense from recent volatility, is showing mixed performance with XRP leading gains among major tokens.Â
Bitcoin Wobbles Amid Geopolitical Tensions
Bitcoin briefly topped $108,000 in early U.S. hours on Monday before sliding to $106,500 on profit-taking. It later bounced back above $107,000 during Asian trading on Tuesday. The movement follows Friday’s $1.2 billion in futures liquidations, which forced out overleveraged traders and weighed heavily on altcoins through the weekend.
Despite the choppy action, Bitcoin ETFs pulled in $1.4 billion in net inflows last week, reinforcing their growing role as stabilizers during volatile periods. Analysts suggest Bitcoin’s slow response to macroeconomic stress could change if investors seek alternative safe-haven assets.
“Bitcoin typically lags behind gold and oil during geopolitical events, but if risk sentiment turns, BTC could quickly regain momentum,” said Eugene Cheung of OSL.
XRP Takes the Lead as Altcoins Recover
While most major altcoins are still recovering from the weekend drawdown, XRP stood out with a strong rebound. XRP, the fourth-largest cryptocurrency, is trading at $2.17 with a 0.77% daily gain, backed by a $128.23 billion market cap and $1.74 billion in volume. It continues to hold a strong position, supported by growing interest in institutional banking integration. Ethereum ticked up 1.5% to $2,609 but continued to trail Bitcoin’s ETF-fueled performance. Solana and Tron also posted modest gains, but sentiment across altcoins remains cautious.
Meanwhile, Gold and oil surged early Monday after U.S. President Donald Trump unexpectedly urged the evacuation of Tehran during the G7 summit. The geopolitical jolt sent investors rushing into defensive assets, while Bitcoin’s response remained subdued.
XRP Outperformed Bitcoin This Cycle, Says Analyst
Crypto analyst Nick pointed out that XRP has gained more than 678% since its 2022 low, beating Bitcoin’s 565% rise. He added that XRP’s total gains this cycle have already topped 1,000%, and the rally isn’t over yet. According to him, XRP has outpaced both Bitcoin and Ethereum in this bull run so far.
Fed Holds the Spotlight
All eyes are now on the Fed. Market watchers expect interest rates to remain unchanged, but the tone of Chair Jerome Powell’s remarks could set the course for crypto and equities alike. With inflation easing and jobs data holding firm, officials may opt for patience, though some, like SignalPlus’ Augustine Fan, believe a dovish tilt could be signaled subtly.
The near-term outlook remains tied to the Fed’s message and the unfolding tensions in the Middle East.
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FAQs
The crypto market is showing mixed performance today, with Bitcoin hovering around $107,000 and XRP leading gains among major tokens despite ongoing geopolitical tensions and anticipation of the Fed meeting.
Bitcoin briefly touched $108,000, then pulled back to $106,500 due to profit-taking and futures liquidations, later recovering to above $107,000.
XRP is leading gains among major cryptocurrencies, trading at $2.17 with a 0.77% daily increase and a strong market cap.
Yes 
No 
