Bitcoin adoption started with Michael Saylor’s Strategy and what was unheard of is now common practice for hundreds of publicly listed companies in the US and worldwide. The US government’s stance on crypto and Bitcoin has softened and top altcoins like Ethereum and XRP benefit from the positive changes in regulation.
Altcoin season may be delayed this cycle, however top cryptos gain from the exposure to treasury/ balance sheets and the network effect this cycle.
US firms gobble up Bitcoin and top cryptos
Bitcoin’s (BTC) adoption as a balance sheet asset has boosted the king crypto’s potential for accumulation by Wall Street giants and publicly listed firms in the US. With Strategy starting out as early as 2020, over 140 publicly listed companies now hold Bitcoin.
In the past 30 days, 29 new companies have been added to the list. Bitcoin’s acceptance has reached a level where government agencies overseeing mortgage in the US are considering accepting crypto holdings of users as their collateral/ criteria for a mortgage from banks.
Among top cryptos, Ethereum (ETH), XRP have been allocated as treasury assets in 2025. Institutional capital flows to investment funds in ETH, XRP, Solana (SOL), Cardano (ADA) reiterate the demand for altcoins among Wall Street giants, this market cycle.
The year-to-date flows for altcoins like Ethereum, Solana, XRP, Sui (SUI), Litecoin (LTC) are between $2,430 million and $5 million, as seen in the latest Digital Asset Fund Flows report.
Bitcoin volatility does not scare investors
The development with the US-Iran conflict, the United States’ strike on Iran on June 22 and the geopolitical tensions in the Middle-East sent BTC reeling from the aftermath, collecting liquidity in the nineties.
The largest cryptocurrency made a swift recovery, back above the $100,000 milestone and trades above $107,000 on Thursday.
The crypto has emerged as sensitive to fiat liquidity, macroeconomic developments in the US and sentiment among traders, topping $108,000 early in the day.
Bitcoin’s volatility has failed to drive institutions away and BTC ETF flows support the thesis. Steady flows across US spot Bitcoin ETFs have reinstated institutional interest in BTC in the medium to long term, in 2025.
Altcoin performance and top 10 weekly gainers
CoinGecko data shows that when ranked by seven-day returns, Sei (SEI), Kaspa (KAS), Aptos (APT), Bitcoin Cash (BCH), Stacks (STX), Gate (GT), Pi Network (PI), Kaia (KAIA), Bitget Token (BGB), and Algorand (ALGO).
SEI gained over 40%, the rest of the cryptos added between 3% and 8% in the same time frame.
Bitcoin, Ethereum, and XRP are recovering from recent corrections, BTC is back above $107,000, while top cryptos make a slower comeback.
How altcoins could see a shake up
June 26 and 27 have several US macroeconomic events lined up, like Census Bureau’s release of durable goods data, Q1 GDP data and unemployment insurance data for the week that ended on June 21.
Typically US macro releases influence Bitcoin and altcoin prices as they affect the sentiment among traders. The Crypto Fear & Greed Index used to identify the sentiment shows that traders are “greedy”, echoing the sentiment from yesterday, last week and last month.
Greed implies there is demand among traders for cryptocurrencies. While Bitcoin price could face volatility, traders could support demand for altcoins. A shake up in altcoin prices could be followed by a recovery in the coming week.
Bitunix analysts told Crypto.news in a written note that the U.S. is currently in trade negotiations with key partners and this could act as a catalyst for altcoins and Bitcoin. Analysts said:
“The U.S. is currently in intensive trade negotiations with key partners, including the EU, Japan, South Korea, India, and Vietnam. If stagflation becomes a reality, it could negatively impact risk assets in the mid-term. The crypto market may face profit-taking pressure and capital outflows. Watch BTC key support at $103,000 and resistance at $110,500. A conservative approach is advised — raise stop-loss awareness, avoid trading during periods of high volatility, and monitor trade negotiation developments closely”.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
