Crypto
Crypto Comeback? Bitcoin, Ether And Other Assets Climb After US Recession Fears Spark Heavy Losses.
Topline
Bitcoin, ether and other top cryptocurrencies regained ground Tuesday, partially recouping losses after the market suffered one of its worst selloffs in years as Wall Street and global markets reeled over fears of a U.S. recession.
Bitcoin prices edged upwards on Tuesday after crashing the day before.
AFP via Getty Images
Key Facts
Bitcoin prices rose around 8% and were trading above $55,000 around 7 a.m. EST Tuesday morning.
The jump mitigates some of the heavy losses bitcoin suffered yesterday after prices plunged to their lowest point in six months, though the token is still down nearly 17% from this time last week.
Ether, the world’s second top cryptocurrency by market value, also rebounded on Tuesday, gaining as much as 9% to more than $2,450.
As with bitcoin, ether’s climb represents only a partial recovery and even with the gains on Tuesday morning, the token has lost a quarter (25%) of its value over the past seven days.
Other top cryptocurrencies mirrored the trajectory of bitcoin and ether with small gains Tuesday partially offsetting devastating losses from the day before, with Binance’s BNB, Solana’s sol, Ripple’s XRP, dogecoin and Cardano’s ada all rising at least 8% in the face of weekly losses between 15% and 25%.
Big Number
$2.07 trillion. That’s the total value of the cryptocurrency market. It has grown nearly 8% in the last 24 hours alongside rising prices for Bitcoin and Ether, which make up around 53% and 15% of the market, respectively. Similarly, the crypto market’s gains over the past day only modestly offset the considerable downturn from the past week, when the market shrank more than 16% and shed more than $400 billion in value.
News Peg
Cryptocurrency markets crashed on Monday in one of the sector’s worst routs since two of the top crypto assets went mainstream this year with the launch of spot-bitcoin and spot-ether exchange-traded funds in the U.S. in January and July, respectively. Ether notched its worst day since 2021 in the downturn, with bitcoin and other assets like dogecoin also sinking to six-month lows. Even with the contraction, the market has still grown nearly 70% since this time last year and bitcoin reached an all time high of nearly $74,000 earlier this year. The downturn has ignited fears that the broad upward trajectory the market has been on since emerging from the depths of the cryptocurrency winter in late 2022—when the market dipped below $1 trillion in overall value, less than Bitcoin alone today—could be over. The volatile crypto assets are risky investments and respond sharply to sometimes unpredictable stimuli, most recently developments in the presidential race between Donald Trump and Kamala Harris (and Joe Biden, before he dropped out). Monday’s decline follows grim U.S. jobs data that intensified fears of a U.S. recession on the horizon. Markets across Europe, Asia and North America crashed as traders hedged against potential volatility in the midst of the selloff. Major U.S. stock indices like the S&P 500, Nasdaq Composite and Dow closed with their lowest prices in months and the 500 companies on the S&P collectively lost $3.5 trillion in market capitalization by the end of the day.
Will Bitcoin, Ether And The Cryptocurrency Market Pick Up Soon?
It’s not clear whether Monday’s crash will be short lived or if it signals the start of a broader market downturn. Crypto markets are highly volatile and unpredictable but largely tend to mirror sweeping movements in more traditional financial markets. A continued downturn in the economy could signal further drops to come. The prospect of a broadening war in the Middle East and similar events have historically trickled down into the crypto market as well.
Further Reading
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CoinMarketCap, the popular cryptocurrency price tracking site, suffered a website supply chain attack that exposed site visitors to a wallet drainer campaign to steal visitors’ crypto.
On Friday evening, January 20, CoinMarketCap visitors began seeing Web3 popups asking them to connect their wallets to the site. However, when visitors connected their wallets, a malicious script drained cryptocurrency from them.
The company later confirmed threat actors utilized a vulnerability in the site’s homepage “doodle” image to inject malicious JavaScript into the site.
“On June 20, 2025, our security team identified a vulnerability related to a doodle image displayed on our homepage. This doodle image contained a link that triggered malicious code through an API call, resulting in an unexpected popup for some users when visited our homepage,” reads a statement posted on X.
“Upon discovery, We acted immediately to remove the problematic content, identified the root cause, and comprehensive measures have been implemented to isolate and mitigate the issue.”
“We can confirm all systems are now fully operational, and CoinMarketCap is safe and secure for all users.”
Cybersecurity firm c/side explained that the attack worked by the threat actors somehow modifying the API used by the site to retrieve a doodle image to display on the homepage. This tampered JSON payload now included a malicious script tag that injected a wallet drainer script into CoinMarketCap from an external site named “static.cdnkit[.]io”.
When someone visited the page, the script would execute and display a fake wallet connect popup showing CoinMarketCap branding and mimicking a legitimate Web3 transaction request. However, this script was actually a wallet drainer designed to steal connected wallets’ assets.
“This was a supply chain attack, meaning the breach didn’ target CMC’s own servers but a third-party tool or resource used by CMC,” explains c/side.
“Such attacks are hard to detect because they exploit trusted elements of a platform.”
More details about the attack came later from a threat actor known as Rey, who said that the attackers behind the CoinMarketCap supply chain attack shared a screenshot of the drainer panel on a Telegram channel.
This panel indicated that $43,266 was stolen from 110 victims as part of this supply chain attack, with the threat actors speaking in French on the Telegram channel.
Source: Rey
As the popularity of cryptocurrency has boomed, so has the threat from wallet drainers, which are commonly used in attacks.
Unlike traditional phishing, these types of attacks are more often promoted through social media posts, advertisements, spoofed sites, and malicious browser extensions that include malicious wallet-draining scripts.
Reports indicate that wallet drainers stole almost $500 million in 2024 through attacks targeting more than 300,000 wallet addresses.
The problem has become so pervasive that Mozilla recently introduced a new system to detect wallet drainers in browser add-ons uploaded to the Firefox Add-on repository.
Patching used to mean complex scripts, long hours, and endless fire drills. Not anymore.
In this new guide, Tines breaks down how modern IT orgs are leveling up with automation. Patch faster, reduce overhead, and focus on strategic work — no complex scripts required.
Crypto
Meta Earth Network 2.0: Pioneering Web3 Innovation With Rewards and Global Events – Press release Bitcoin News
Cryptocurrency News & Live Updates
Synopsis
Bitcoin’s price has fallen to 101,897.70 USDT, reflecting a daily decline of 1.34%.
In the latest market developments, Bitcoin has dropped below the 102,000 USDT mark, currently trading at 101,897.70 USDT, marking a 1.34% decrease. Ethereum is also experiencing a downturn, now priced at 2,269.88 USDT after a 6.16% drop in 24 hours. Similarly, BNB has fallen to 627.07 USDT, down 2.48%. Amidst these declines, HASHJ has launched an innovative AI-powered cloud mining platform that supports major cryptocurrencies including BTC, ETH, DOGE, and XRP. This platform aims to democratize access to crypto mining, allowing users to earn passive income without the need for expensive hardware or technical expertise. With a user-friendly model, HASHJ is attracting a diverse range of users, from students to salaried workers, by offering a seamless entry into the digital asset space. As traditional financial yields diminish, platforms like HASHJ are emerging as viable alternatives for wealth management, providing secure and flexible options for everyday users to engage with cryptocurrencies.
Show more
Bitcoin Dips Below 102,000 USDT
Bitcoin’s price has fallen to 101,897.70 USDT, reflecting a daily decline of 1.34%.
Ethereum(ETH) Falls Below 2,300 USDT
As of June 21, 2025, Ethereum’s price has dipped below 2,300 USDT, currently trading at 2,269.88 USDT, reflecting a 6.16% decrease in the last 24 hours.
Bitcoin (BTC) Falls Below 102,000 USDT
As of June 21, 2025, Bitcoin has dipped below 102,000 USDT, currently trading at 101,558.90 USDT, reflecting a 1.78% decline over the last 24 hours.
BNB Falls Below 630 USDT Amid Market Decline
As of June 21, 2025, BNB is trading at 627.07 USDT, reflecting a 2.48% decrease over the past 24 hours, according to Binance Market Data.
HASHJ Cloud Mining Expands Support for Major Cryptos
HASHJ has launched an upgraded AI-driven cloud mining platform, allowing users to earn passive income in cryptocurrencies like BTC, ETH, DOGE, and more, all via smartphone.
Bitcoin (BTC) Falls Below 103,000 USDT
As of June 21, 2025, Bitcoin has dipped below 103,000 USDT, trading at 102,999.9375 USDT, marking a 0.30% decrease over the past 24 hours.
Ripple Lawyer Rejects XRP Seizure Speculation
Ripple’s attorney Bill Morgan has dismissed claims that the U.S. government could seize XRP tokens from the company’s escrow accounts, emphasizing that such an action is unlikely.
Could Elon Musk’s Frog Post Ignite PEPE Surge?
PEPE is testing critical support levels as speculation mounts around a potential meme coin rally sparked by Elon Musk’s recent frog post.
Reddit Explores Iris Scanning for User Verification
Reddit is in talks with World ID to implement an iris scanning system for user verification, aiming to enhance privacy while ensuring users are unique and of legal age.
SEI and KAIA: Potential for Double-Digit Gains
SEI and KAIA tokens continued their upward trend as Bitcoin stabilized below $105,000, indicating trader confidence ahead of a volatile derivatives expiration day.
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