Crypto News Today (June 23): BTC Crashes Below $63K, Metaplanet Removed From S&P Japan, RWA Market Hits $51Bn

In crypto news today (June 23), Bitcoin has crashed below $63,000, sparking fears that a drop to $60,000 is imminent. ETF flows are dictating current price action once again, with three consecutive red days, and yesterday alone saw $68M BTC sold.

Liquidations have also picked up, with over $575M over the past 24-hours and $458M of that figure coming from long positions. Liquidations, mostly from longs, signal that the market is back in a downtrend, but bulls have yet to accept that truth.

Chainlink (LINK) and Monero (XMR) are two of the only major caps in the green today, each up around +2.5%, highlighting strength while the broader market bleeds. Trading volume has dropped off considerably, sitting at $68Bn over the past 24-hours, down from over $110Bn just two days ago.

With Bitcoin and the broader market continuing to bleed, the Fear & Greed Index remains at 23/100, maintaining the 20-25 range over the last seven days and indicating a lack of clear direction across crypto.

Metaplanet has been removed from the S&P Japan Mid Cap 100, marking a setback for a company whose market profile had risen sharply due to its aggressive Bitcoin treasury strategy. The Tokyo-listed firm is now working to keep shareholders engaged through a Bitcoin rewards program, even as its stock has declined significantly this year.

S&P Dow Jones Indices removed Metaplanet from the S&P Japan Mid Cap 100 as part of a rebalancing effort. The company had previously joined the index after successful trading linked to its strategy of accumulating Bitcoin, making it Asia’s largest corporate Bitcoin treasury firm, according to CoinGape.

This removal follows a significant drop in the company’s stock price. Over the past month, Metaplanet’s shares have fallen by -21% and are down -44% year-to-date, despite the company expanding beyond passive Bitcoin accumulation to include income-generating businesses and Bitcoin-linked financial products. Recently, it also acquired Siiibo Securities as part of this broader initiative.

Most people still think Metaplanet $MPJPY $MTPLF is just “Japan’s” $MSTR.

They’re missing the bigger picture.

Metaplanet isn’t copying Strategy.

It’s building a global Bitcoin capital machine that could become impossible to compete with.

In this conversation with… pic.twitter.com/2SO5nKrovm

— One Chair (@OneChairPod) June 21, 2026

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Tokenized RWA Market Tops $51Bn Following +40% Growth in 2026

In other crypto news today, the market capitalization of tokenized real-world assets (RWAs) has exceeded $51Bn, reflecting a 40% increase since the start of 2026. According to analysts, this sector continues to grow despite a 20% decline in the broader cryptocurrency market, indicating rising institutional interest.

Per a Bernstein research note, private credit accounts for nearly half of the tokenized RWA market, at 47%. Tokenized US Treasuries rank second, accounting for approximately 30% of total market capitalization, while commodities account for an additional 9%.

(SOURCE: CoinGecko)

Most activity in this space is concentrated on the Provenance and Ethereum networks, which together represent over 70% of all tokenized assets. Furthermore, the number of RWA holders has increased by about 60% since the beginning of the year, surpassing 917,000.

Analysts have identified tokenized equities as the fastest-growing segment of the market. Since the start of the year, its capitalization has more than doubled, rising from $700M to $1.6Bn.