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Bitcoin stays strong above $104K, signaling continued institutional support and bullish sentiment.
Ethereum hovers near key resistance, with a breakout above $2,577 potentially triggering upward momentum.
Altcoins and memecoins trade mixed, highlighting investor caution amid broader market consolidation.
As of June 2, 2025, the global cryptocurrency market is in a phase of cautious optimism, with a total market capitalization of approximately $3.28 trillion, representing a 0.3% increase over the last 24 hours. This slight uptick comes amid ongoing macroeconomic uncertainties and investor anticipation around key economic indicators. Market participants are closely watching Bitcoin and Ethereum for clues on the next directional move.
Bitcoin (BTC) is currently trading at approximately $104,962, representing a modest 0.32% increase over the past 24 hours. Despite recent fluctuations, BTC has consistently held above the key psychological support level of $100,000. This price resilience is bolstered by strong institutional demand, including a recent acquisition by Metaplanet, which added 1,088 BTC to its holdings, now totaling 8,888 BTC.
Analysts suggest that a sustained move above $105,000 could trigger a rally towards $106,400 and potentially $108,000 in the short term, signaling bullish momentum and renewed market confidence.
Ethereum (ETH) is trading at approximately $2,499, marking a 0.63% decline in the past 24 hours. The asset is currently grappling with resistance between $2,545 and $2,562, with bulls looking for a breakout above $2,577.
Despite the short-term bearish bias, Ethereum's long-term fundamentals remain strong, driven by growing developer activity, the expansion of its Layer 2 ecosystem, and favorable sentiment surrounding its ETF inflows.
Polkadot is trading at $4.03, down 1.16% in the last 24 hours. DOT has been consolidating within a tight range, with some bullish accumulation detected at current levels. A breakout above the $4.10 resistance level could trigger renewed upside momentum, particularly as ecosystem developments and parachain activity gain traction.
Avalanche is priced at $20.67, down by 0.46%. The token has seen consistent support around the $20 level, bolstered by its fast-growing subnet architecture. Analysts note that institutional partnerships and increased DeFi activity on the Avalanche blockchain could act as catalysts for upward movement if broader market sentiment improves.
Uniswap is currently at $6.09, showing a 1.08% increase over the last 24 hours. The token has benefited from a surge in decentralized trading volumes and renewed interest in DeFi protocols. A break above $6.36 could pave the way for $7.00, supported by the growing adoption of Uniswap v4 and governance upgrades.
XRP is trading at $2.16, with a slight decline of 0.02% over the past 24 hours. The token is showing resilience despite regulatory pressures and remains a top choice for cross-border payments.
If XRP can clear the $2.25 resistance, it may aim for $2.50. Investor sentiment is buoyed by ongoing legal clarity and the increasing institutional adoption of Ripple’s payment solutions.
Also Read: 5 Best Altcoins to Buy for the Next Crypto Bull Run
Shiba Inu is priced at $0.00001278, down 0.46%. The token continues to experience high trading volumes and remains a favorite among retail investors. With new use cases emerging through Shibarium, its Layer 2 solution, SHIB could gain renewed interest if broader altcoin momentum resumes. Whale activity also indicates potential positioning for a rebound.
Dogecoin is trading at $0.1911, reflecting a 0.29% increase. DOGE continues to maintain strong community support and is gaining attention through celebrity endorsements and mainstream integrations. Its use as a tipping and payment currency remains strong, and any renewed hype or social media-driven rally could see the token retest the $0.21 - $0.23 range.
The cryptocurrency market is cautiously optimistic as it awaits upcoming economic reports such as the U.S. Core PCE data, which could influence investor sentiment and risk appetite. While Bitcoin and Ethereum continue to serve as the market’s anchor, the divergent performances among altcoins and memecoins underscore the importance of strategic positioning and risk management in this uncertain climate.
