BTCC Crypto Daily (6.24) | Iran and Israel Reach Full Ceasefire, Texas to Purchase $10 Million in Bitcoin
By:C, Fiona1.Overview
• Iran and Israel announce a comprehensive ceasefire; Bitcoin surges past $105,000.
• Texas state government allocates US $10 million to purchase Bitcoin.
• Fed Governor Bowman signals potential rate cut in July; market’s first 25 bp cut expectation rises to 20.7%.
2.Macro & Policy Outlook
Key Events Today
- Fed Chair Powell delivers semi-annual monetary policy testimony to the U.S. House.
- U.S. Q1 current account balance release (previous: −3,039).
- U.S. June Conference Board Consumer Confidence Index release (previous: 98).
Global Macro Developments
1.Iran–Israel Ceasefire Confirmed
On June 24 (local time), Iran and Israel declared a formal ceasefire. U.S. President Trump announced both nations have reached full agreement to implement the ceasefire.
2. Texas Allocates $10M to Buy Bitcoin
On June 24, per CoinDesk, Texas Governor Greg Abbott signed Senate Bill 21, making Texas the first U.S. state to allocate public funds to establish a Bitcoin reserve. The state will earmark $10 million—becoming the first state to fund (not just authorize) a cryptocurrency reserve. Lee Bratcher, Chairman of the Texas Blockchain Council, said this investment represents just 0.0004% of the state budget but signals Texas’s recognition of digital finance’s future. Accompanying HB 4488 prohibits reserve funds from entering the regular state budget.
3. Fed Governor Bowman Supports Potential July Cut
On Monday, Fed Governor Bowman said she would support a rate cut as early as July if inflation remains under control. Highlighting rising labor market risks and inflation trending toward the Fed’s 2% target, she emphasized rates should move closer to a neutral level and pledged to respond flexibly to economic and market changes.
4.Trump Media Initiates $400M Buyback, Maintains Bitcoin Strategy
On June 24, Trump Media & Technology Group (DJT) announced a $400 million stock buyback, affirming it will not affect its previously announced Bitcoin investment strategy. The strategy is backed by $2.3 billion in private funding, SEC-approved, and supported by approximately 50 institutional investors. The company holds around $3 billion in cash, enabling flexibility for strategic investments, and continues to advance Truth Social and Truth.Fi initiatives.
5.Nate Geraci: Spot Ethereum ETFs Surpass $4B Net Inflows
Nate Geraci, president of The ETF Store, tweeted that spot Ethereum ETFs have amassed over $4 billion in net inflows—excluding the $4.3 billion outflow following ETHE unlocks. This exceeds earlier estimates that anticipated sub-$5 billion Bitcoin ETF inflows in year one.
3.Crypto Market Snapshot
1. Spot Performance of Major Cryptocurrencies
(as of 2025‑06‑24 16:00 HKT)
2. Derivative Funding Flow Analysis
According to Coinglass data on June 24, XRP, BNB, ETC, APT, AAVE, and SPK led contract fund outflows in the past 24 hours, possibly indicating trading opportunities.
3. Bitcoin Liquidation Map
As per Coinglass on June 24, with Bitcoin at $105,479:
A drop below $103,000 could trigger $1.575B in long liquidations on major CEXs.A breakout above $107,000 could trigger $971M in short liquidations.Traders are advised to control leverage to avoid large-scale liquidations during volatility.
4. Bitcoin Long/Short Ratio
Coinglass reports a global Bitcoin long/short ratio at 0.9272 as of 16:00 HKT—longs: 48.11%, shorts: 51.89%.
5. On-Chain Monitoring
On June 24, Lookonchain noted a whale or institutional entity—possibly linked to ConsenSys—via Galaxy Digital OTC purchased 3,704 ETH ($8.91M). Over the past three weeks, this buyer has accumulated 161,112 ETH ($422M) via Galaxy Digital OTC.
4.Blockchain Headlines
- Trump urges the House to fast‑track the stablecoin bill; key lawmakers say details still need negotiation.
- Ark Invest sold over 410K shares of Circle, cashing out more than $110M.
- Trader Eugene: BTC has held $100,000; market panic may have peaked.
- Ethereum lost over $35B in market cap in three days—equivalent to three times the value of the LA Lakers.
- Texas new law (effective September) allows seizure of crypto in civil forfeiture.
- Former hedge fund executives plan $100M raise to launch a BNB treasury IPO.
- CZ: Several companies outside Binance preparing BNB treasuries.
- MicroStrategy spent $26M to buy 245 BTC at ~$105,800 each.
- ZachXBT: New York scammers impersonating Coinbase support have stolen over $4M—mostly lost to gambling.
- UK-listed Vinanz purchased 37.72 BTC at an average of $102,056.
- Nasdaq-listed Nano Labs plans to apply for HKD and offshore RMB stablecoin licenses.
5.Institutional Insights · Daily Picks
- Matrixport: BTC rebound may struggle to sustain; ETH price still driven by futures positions.
- Greeks.Live: Institutional funds are diverging; stablecoin policy and Iran’s crisis are key focus.
- Julio Moreno: Bitcoin risks persist post‑Iran bombing. The bull/bear score has dropped to 40, entering bearish territory; however, some indicators are on the cusp and may reverse quickly.
6.BTCC Exclusive Market Analysis
On June 24, bolstered by the Iran–Israel ceasefire news, crypto markets rebounded strongly. BTC surged past $105,000 to trade at $105,360—up 3.62% for the day.
Technically, BTC’s 4‑hour chart shows a V‑shaped reversal with short‑term MAs aligned bullishly. MACD turned positive and RSI climbed above 60—indicating strong short‑term buying and warming bullish sentiment. Watch resistance near $106,000; a solid breakout could open further upside. Support lies around $102,000.
Overall, market sentiment is recovering from previous risk‑off pressure, and altcoins are riding the wave. The rebound may persist, although macro developments could reintroduce volatility.
Risk Warning: This content is for reference only and does not constitute investment advice. Crypto markets carry risk; trade cautiously and manage your risk appropriately.
How to Trade Crypto on BTCC?
This brief instruction will assist you in registering for and trading on the BTCC exchange.
Step 1: Register an account
The first step is to hit the “Sign Up” button on the BTCC website or app. Your email address and a strong password are all you need. After completing that, look for a verification email in your inbox. To activate your account, click the link in the email.
Step 2: Finish the KYC
The Know Your Customer (KYC) procedure is the next step after your account is operational. The main goal of this stage is to maintain compliance and security. You must upload identification, such as a passport or driver’s license. You’ll receive a confirmation email as soon as your documents are validated, so don’t worry—it’s a quick process.
Step 3. Deposit Funds
After that, adding money to your account is simple. BTCC provides a range of payment options, such as credit cards and bank transfers. To get your money into your trading account, simply choose what works best for you, enter the amount, and then follow the instructions.
Fiat Deposit. Buy USDT using Visa/Mastercard (KYC required).
Crypto Deposit. Transfer crypto from another platform or wallet.
Step 4. Start Trading
If you wish to follow profitable traders, you might go for copy trading, futures, or spot trading. After choosing your order type and the cryptocurrency you wish to trade, press the buy or sell button. Managing your portfolio and keeping track of your trades is made simple by the user-friendly interface.
Look more for details: How to Trade Crypto Futures Contracts on BTCC
BTCC FAQs
Is BTCC safe?
Based on its track record since 2011, BTCC has established itself as a secure cryptocurrency exchange. There have been no reports of fraudulent activity involving user accounts or the platform’s infrastructure. By enforcing mandatory know-your-customer (KYC) and anti-money laundering (AML) procedures, the cryptocurrency trading platform gives consumers greater security. For operations like withdrawals, it also provides extra security features like two-factor authentication (2FA).
Is KYC Necessary for BTCC?
Indeed. Before using BTCC goods, users must finish the Know Your Customer (KYC) process. A facial recognition scan and legitimate identification documents must be submitted for this process. Usually, it is finished in a few minutes. This procedure has the benefit of strengthening the security of the exchange and satisfying legal requirements.
Because their accounts will have a lower daily withdrawal limit, those who do not finish their KYC are unable to make deposits. It should be noted that those who present a legitimate ID without a facial recognition scan will likewise have restricted withdrawal options.
Is There a Mobile App for BTCC?
Indeed. For users of iOS and Android, BTCC has a mobile app. The exchange’s website offers the mobile app for download. Since both the web version and the mobile app have the same features and capabilities, they are comparable.
Will I Have to Pay BTCC Trading Fees?
Indeed. BTCC levies a fee for trade, just like a lot of other centralised exchanges. Each user’s VIP level, which is unlocked according to their available money, determines the different costs. The BTCC website provides information on the charge rates.
Can I Access BTCC From the U.S?
You can, indeed. According to its website, BTCC has obtained a crypto license from the US Financial Crimes Enforcement Network (FinCEN), which enables the cryptocurrency exchange to provide its services to investors who are headquartered in the US.
According to BTCC’s User Agreement document, its goods are not allowed to be used in nations and organisations that have been sanctioned by the United States or other nations where it has a licence.
BTCC Guide:
How to Trade Crypto Futures Contracts on BTCC
BTCC Guide-How to Deposit Crypto on BTCC?
What is Crypto Futures Trading – Beginner’s Guide
What is Leverage in Cryptocurrency? How Can I Trade at 100X Leverage?
BTCC Review 2024: Best Crypto Futures Exchange
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