Latest Cryptocurrency News: Bitcoin Dips Below $104,000

📉 Crypto Market Report – June 13, 2025

Bitcoin Drops Below \$106K, Ethereum ETF Inflows Surge, and U.S. Senate Advances Stablecoin Bill

As of 06:01 AM IST (June 13, 2025), the crypto market reflects intense volatility, regulatory shifts, and big tech moves. Bitcoin is down to **\$104,090**, Ethereum holds steady at **\$2,562**, and the **GENIUS Act** advances in the U.S. Senate—promising major changes for stablecoin regulation.

Let’s break down the latest price trends, regulatory updates, and company news shaping today’s market.

 📊 Market Overview: Bitcoin Slips, Ethereum Holds Ground

The crypto markets are reacting to broader economic pressures. Bitcoin has dropped to **\$104,090**, slipping below the psychological **\$106K** mark. Analysts cite global economic concerns and uncertainty in the Middle East as contributing factors. Meanwhile, Ethereum maintains a relatively stable performance at **\$2,562**, buoyed by **ETF inflows that recently outpaced Bitcoin**.

✅ Quick Price Table

| Cryptocurrency | Price (USD) | 24-Hour Change | Market Cap | All-Time High |

| -------------- | ----------- | -------------- | ---------- | ------------- |

| **Bitcoin** | \$104,090 | ▼ Declining | \$2.07T | \$111,814 |

| **Ethereum** | \$2,562 | ➖ Stable | \$309.94B | \$4,878.26 |

This contrast in price movement could signal shifting investor preferences—particularly toward Ethereum.

🏛️ U.S. Senate Advances Stablecoin Regulation with GENIUS Act

A major legislative milestone was reached as the **GENIUS Act** (Guiding and Establishing National Innovation for US Stablecoins) passed a **68–30 cloture vote** in the U.S. Senate. This bill seeks to:

* Enforce **reserve asset mandates**

* Ensure **regulatory compliance**

* Promote **market stability**

Experts believe it could **grow the stablecoin market tenfold** in the next three years. However, it also introduces **compliance costs**, potentially impacting trading platforms and institutional investors. This is a pivotal development for **USA-based crypto traders**.

[🔗 Full story via Cointelegraph]

https://cointelegraph.com/news

💳 Coinbase & American Express Launch Bitcoin Rewards Card

In a big move for retail crypto adoption, **Coinbase** has teamed up with **American Express** to launch the **Coinbase One Card**. This new credit card:

* Offers **up to 4% back in Bitcoin**

* Is **exclusive to Coinbase One subscribers**

* Launches this **fall (Q4 2025)**

This initiative integrates crypto into everyday purchases, making it more attractive for casual users and long-term holders alike.

[🔗 Full story via Bitcoin Magazine]

https://bitcoinmagazine.com/news/coinbase

🚀 Other Company Headlines: Stripe, GameStop, and Moody’s

Several other high-impact announcements came out this week:

Stripe Acquires Privy

Stripe is building a **crypto onboarding stack** through its acquisition of **Privy**, which may lower the barrier for new users to enter Web3 ecosystems.

GameStop Raises \$1.75B

GameStop's massive raise could re-inspire retail interest. Given its prior NFT ventures, analysts expect this move to ripple into adjacent crypto markets.

Moody’s Onchain Credit Ratings

Moody’s is bringing **credit ratings onchain via Solana**, boosting trust and transparency, especially for institutional investors.

 📈 Ethereum ETF Inflows Outperform Bitcoin

Ethereum is quietly gaining dominance. Recent data shows:

* **\$240M in ETH ETF inflows** on June 11

* **Outpacing BTC ETFs by \$75.5M**

* Ethereum’s exchange outflows also increased—often a bullish signal

This might indicate a broader shift in market sentiment, with traders betting on Ethereum's **utility and future scalability**.

[🔗 Source: AInvest Report]

https://www.ainvest.com/news/ethereum-etfs-surge-45-bitcoin

🔍 Insights from X (Twitter): Trends & Trader Signals

Here are a few notable posts shaping social sentiment and influencing the market:

These posts indicate ongoing **market fragmentation, regulatory tightening, and strategic institutional positioning**.

✅ Final Takeaway: What Traders Should Watch Next

The crypto market is evolving rapidly. Today’s landscape features:

* **Volatile price action** (BTC down, ETH steady)

* **Key regulatory movement** (GENIUS Act)

* **Retail innovations** (Bitcoin credit cards)

* **ETF flows shifting dynamics** (Ethereum’s momentum)

**U.S. traders** should brace for both **opportunity and scrutiny**—the GENIUS Act may stabilize the market, but compliance is the price. Meanwhile, companies like Coinbase, Stripe, and GameStop are actively reshaping how the average American interacts with crypto.

**Keep your strategies flexible**, stay updated with regulatory news, and consider diversifying as Ethereum’s momentum picks up.

🔗 Sources & Citations

* [Cointelegraph – GENIUS Bill Advances](https://cointelegraph.com/news/us-senate-passes-cloture-genius-stablecoin-bill)

* [Bitcoin Magazine – Coinbase BTC Rewards Card](https://bitcoinmagazine.com/news/coinbase-announces-bitcoin-rewards-credit-card-offering-up-to-4-btc-back-on-everything)

* [AInvest – Ethereum ETF Surge](https://www.ainvest.com/news/ethereum-etfs-surge-45-bitcoin-inflows-june-2506/)

* [CoinDesk – Market Prices and Updates](https://www.coindesk.com/)

* [CNBC – Stablecoin Bill Economic Potential]