Latest Crypto Market News: Bitcoin, Ethereum, and Meme Coin Updates for USA Traders - June 29, 2025
The cryptocurrency market remains a dynamic space for USA traders, with significant price actions and regulatory developments shaping investment strategies. As of June 29, 2025, the total crypto market cap stands at $3.29 trillion, reflecting a 0.53% increase in the last 24 hours. This article provides a comprehensive update on Bitcoin, Ethereum, and meme coin price actions, alongside key news impacting the market, tailored for USA traders.
Bitcoin (BTC) Price Action and News
Bitcoin, the leading cryptocurrency, is currently trading at $107,406, demonstrating resilience amid recent market fluctuations. Earlier this week, Bitcoin dipped below $98,500 due to escalating geopolitical tensions in the Middle East. However, a Trump-supported ceasefire has driven a recovery, pushing the price above $106,000, with analysts suggesting a potential climb to $110,000 if bullish momentum continues .
In corporate news, Metaplanet, an Asian firm, has bolstered its Bitcoin holdings by acquiring an additional 1,234 BTC, bringing its total to 12,345 BTC. The company aims to accumulate 210,000 BTC by 2027, positioning itself as a major corporate Bitcoin holder in Asia. This move underscores growing institutional confidence in Bitcoin’s long-term value.
Bitcoin Price Table
Bitcoin (BTC)
$107,406
+0.40%
$2.14 Trillion
Ethereum (ETH) Price Action and Outlook
Ethereum is trading at $2,427, experiencing a slight 0.75% decline over the past 24 hours. Despite this, the market remains optimistic due to significant institutional investments. SharpLink Gaming recently invested $494 million in 188,000 ETH, staking the entire amount, which increased their share value by 19%. Analysts predict Ethereum could reach $3,000 soon, driven by such investments and ongoing network developments .
Ethereum Price Table
Ethereum (ETH)
$2,427
-0.75%
$294.45 Billion
Meme Coin Price Action and Developments
Meme coins continue to attract USA traders with their high volatility and community-driven momentum. Below are the current prices of top meme coins as of June 29, 2025:
Meme Coin
Dogecoin (DOGE)
$0.1644
$24.65 Billion
Shiba Inu (SHIB)
$0.00001161
$6.84 Billion
Pepe (PEPE)
$0.000005998
$4.04 Billion
Trump (TRUMP)
$9.10
$1.82 Billion
Bonk (BONK)
$0.00001467
$1.18 Billion
The TRUMP token has been particularly notable due to recent actions by the Trump Meme Team, which pulled $6.77 million in liquidity and sent $20 million worth of TRUMP tokens to exchanges. This move has sparked fears of a potential sell-off, despite a 1.08% price gain, creating mixed sentiments among investors (TronWeekly). Dogecoin and Shiba Inu remain stable, with Dogecoin benefiting from ongoing acceptance by companies like AMC Theatres and GameStop, though Tesla has discontinued Dogecoin payments .
Regulatory Developments Impacting USA Traders
Regulatory changes are a critical factor for USA traders to monitor. Senator Adam Schiff’s proposed COIN Act aims to prohibit the U.S. President, Vice Presidents, and their immediate relatives from holding or promoting cryptocurrencies. This legislation targets former President Donald Trump’s estimated $1 billion in crypto and NFT earnings, potentially impacting market dynamics if passed .
On a positive note, the SEC has clarified that protocol staking does not constitute a security, which could encourage more staking activities among USA traders. Additionally, the Senate’s passage of the GENIUS Act supports stablecoin licensing, potentially fostering greater adoption of stablecoins like USDC (DLA Piper). These developments suggest a mixed regulatory landscape, with opportunities for growth tempered by potential restrictions.
Other Notable Crypto News
Several other events are shaping the crypto market:
Hacken Token Hack: The Hacken Token (HAI) crashed 99% after hackers exploited a private key vulnerability to mint 900 million counterfeit tokens, highlighting the importance of security in crypto investments .
Ripple’s Strategic Shift: Ripple has dropped its appeal against the SEC, focusing on expansion, which could lead to an XRP ETF, an IPO, and stronger bank partnerships .
India’s Bitcoin Reserve Proposal: BJP leader Pradeep Bhandari has proposed a pilot Bitcoin reserve using seized BTC, inspired by U.S. and Bhutan initiatives, signaling potential global shifts in crypto policy .
Aqua1’s Investment in WLFI: The Aqua1 Foundation invested $100 million in the Trump-affiliated WLFI token, supporting USD1 stablecoin and asset tokenization, though raising political concerns .
Grayscale Portfolio Update: Grayscale’s Q3 2025 report added AI sector tokens like Avalanche and Morpho, while removing Optimism and Lido DAO, reflecting evolving market trends .
Conclusion
The crypto market on June 29, 2025, offers a mix of opportunities and challenges for USA traders. Bitcoin’s stability at $107,406 and Ethereum’s potential to reach $3,000 highlight the strength of major cryptocurrencies. Meme coins like Dogecoin, Shiba Inu, and TRUMP remain volatile, with the latter facing sell-off concerns. Regulatory developments, particularly the COIN Act, could introduce uncertainty, while the SEC’s staking clarification and the GENIUS Act may drive adoption. USA traders should stay vigilant, conduct thorough research, and monitor these developments to navigate the volatile crypto landscape effectively.
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