Quick overview

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Amid heightened global tension over stalled tariff negotiations, Bitcoin is pulling back, moving away from a key support level after gaining more than 2% in June.

The leading cryptocurrency is starting the month with a moderate round of profit-taking. On Tuesday, Bitcoin is down about 0.1%, trading below $107,000, according to Binance. The decline comes amid growing investor caution due to rising uncertainty on both the global trade and U.S. fiscal fronts.

Risk appetite is being dampened primarily by uncertainty surrounding international tariff negotiations. The upcoming July 9 deadline for reaching new trade agreements with the United States is keeping markets on edge. Adding to investor concerns is President Donald Trump’s proposed fiscal bill, which has raised fears over a potentially higher deficit and risks to public debt sustainability.

This pullback is not limited to Bitcoin. Ether, the second-largest cryptocurrency by market cap, is down 0.2%, while Toncoin and Avalanche are posting the largest losses, dropping 3.4% and 2.9%, respectively.

Quarterly Performance – Q2

Despite the correction, cryptocurrencies are still showing positive quarterly performance, having posted gains for three consecutive months—though June was the weakest. The crypto market continues to demonstrate versatility in varying macro environments: it shows risk aversion when equities rise but also serves as a hedge against weakness in traditional currencies.

Bitcoin’s 2.8% gain in June is in line with its historical monthly average of around 2%. Analysts are now expecting a typical summer consolidation phase in the Northern Hemisphere, with tighter trading ranges, though markets remain sensitive to macroeconomic surprises.

Stablecoin Performance

Between January 2023 and February 2025, stablecoins processed more than $94.2 billion in global payments.

Stablecoins are no longer a niche innovation—they are rapidly evolving into a core component of the global payments infrastructure, said Javier García de la Torre, CEO of Binance Spain. “From business-to-business transactions to remittances and international trade, this technology offers a faster, cheaper, and more inclusive alternative,” he noted.

The report highlights that in May 2025, the total market capitalization of stablecoins reached $239 billion, a significant jump from just $10 billion in 2020. Today, more than 150 million blockchain addresses hold stablecoins, and nearly 10 million of them conduct transactions daily.

Business-to-business payments lead the use of these digital assets, with an annual volume of $36 billion—surpassing even peer-to-peer transfers, card payments, and business-to-consumer transactions.