Cryptocurrency market today, June 17, 2026: Why the slump?\n\nBy Le Tinh — Wednesday, June 17, 2026, 22:16\n\nThe decline in cryptocurrency prices occurred as the market was influenced by new policies in both Europe and the United States.\n\nOn the evening of June 17, the crypto market fell across the board. Data from OKX shows Bitcoin down more than 1% over the past 24 hours, trading around $65,220. Other major cryptocurrencies such as Ethereum, XRP, and Solana also lost more than 2% of their value.\n\nAccording to Cointelegraph, the move comes as the market is affected by new regulations in both Europe and the United States, with the regulatory framework for crypto tightening.\n\nIn Europe, the deadline for applying the new regulations is approaching, forcing exchanges to complete licensing procedures quickly if they wish to continue operating.\n\nIn response to this pressure, digital asset custodian BitGo has launched services in the region to support platforms in maintaining operations during the licensing review period.\n\nA company representative said that ensuring continuous service to users is necessary even if licensing processes are delayed.\n\nBitcoin is trading at around $65,227 USD. Source: OKX.\n\nHowever, obtaining licenses is not easy. Some reports indicate Greek regulators may reject filings from a major exchange, increasing regulatory uncertainty in the region.\n\nIn the United States, Congress has reached an agreement to advance a housing bill that includes a clause prohibiting the Federal Reserve from issuing a national digital currency until 2030. The regulation reflects concerns about financial stability and privacy.\n\nAdditionally, the crypto industry is increasing its influence in politics. A lobbying group representing crypto businesses has spent millions of dollars to support a U.S. Senate candidate in Alabama.\n\nThis move is seen as a test of the sector's influence in elections, as money continues to flow into many campaigns across the United States.\n\nOverall, the crypto market is entering a phase of tighter regulation while demonstrating an increasingly clear role in both the economy and politics.\n\nBy Le Tinh\n\nOriginal post reference: Le Tinh (Nguồn: Người Lao Động)
