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Bitcoin remains strong above $105K, marking a historic 27-day streak over $100K despite a 0.70% weekly dip.
TRON leads top altcoins with a 1.87% gain amid a $200 million 24-hour crypto market liquidation.
Institutional adoption grows as JP Morgan backs $70.1B Bitcoin ETF loans and Circle’s USDC IPO hits $1.05B valuation.
The crypto market today is showing signs of cooling after a powerful bullish run. The global market cap stands at $3.31T, down by 0.49% on June 5, 2025, as of 10.30 AM. The crypto market liquidation reached $200 million in the past 24 hours.
Out of the total liquidation, $130 million is from long positions and $70.07 million is from shorts. It signals overall growing uncertainty. Bitcoin and top altcoins are facing minor corrections today, entering a consolidation phase. TRON, however, continues to show strength, standing out in red-dominated charts.
Let’s take a closer look at the crypto price movements of the world’s top ten tokens.
Bitcoin is trading at $105,234.22 after a minor 0.25% dip. It retains a market capitalization of $2.09 trillion and a daily volume of $44.29 billion. Circulating supply stands at 19.87 million BTC.
Although it saw a 0.70% decline over the week, Bitcoin’s resilience is notable. This marks the longest period above $100K in Bitcoin’s history, holding for 27 days, including 25 consecutive days. In comparison, the previous record was 18 days in January 2025.
Market analyst Willy Woo noted, “Big whales with over 10,000 Bitcoin have been selling since 2017.” It indicates a steady decline in long-term whale holdings from 2.77 million BTC in 2017 to just 1.6 million in 2025, a 40% drop.
Ethereum is down 0.10%, trading at $2,631.87. Its market cap stands at $317.72 billion, with $18.08 billion in 24-hour volume. Circulating supply is 120.72 million ETH.
Despite market pressure, Ethereum remains in a tight trading range. A break above $2,700 could trigger bullish continuation. On the positive side, the US Ethereum Spot ETF saw $57 million in net inflows yesterday, reflecting investor confidence.
Most major altcoins are trading lower, with TRON (TRX) emerging as the only top-10 gainer:
TRON gained 1.87% to $0.2736. It has a $25.95 billion market cap. $479.61 million in trading volume for TRON reflects robust network activity, especially in stablecoin transfers.
XRP fell 1.53% to $2.21. The token holds a market cap of $130.04 billion and saw $1.94 billion in volume. The XRP price decline follows a strong weekly run-up and likely indicates profit-taking.
Solana dropped 1.70% to $153.95. It has a market cap of $80.66 billion and $2.57 billion in volume. Despite a 10% weekly gain, today's dip suggests a cooling market.
BNB slipped 0.17% to $667.73. It maintains a $94.07 billion cap and $1.55 billion in daily trading volume.
Cardano (ADA) declined by 2.67%, trading at $0.6778. Its $23.95 billion market cap and $524.24 million volume reflect the broader downtrend among utility tokens.
Also Read: Ripple XRP Rally to $21? Forecast Suggests 800% Jump if SEC Case Resolved
Amid volatility, stablecoins continue to function as investor safe havens:
Tether (USDT) trades at $1.00, down 0.02%, with a massive market cap of $153.88 billion and $65.86 billion in daily volume.
USD Coin (USDC) is priced at $0.9997, down just 0.01%. It maintains a market capitalization of $61.47 billion and a trading volume of $8.25 billion.
Circle, the issuer of USDC, boosted its IPO to $1.05 billion, pricing shares at $31 ahead of its June 5 debut on the NYSE. With over 220 million shares outstanding, the valuation stands at $6.9 billion.
Dogecoin (DOGE) fell 2.80% to $0.1904. It has a market cap of $28.49 billion and a trading volume of $758.22 million. The meme token is facing diminished speculative demand and fading hype.
The major events that have led to crypto price fluctuations today are:
Crypto Fear and Greed Index: Investor sentiment appears to be cooling, as the Crypto Fear and Greed Index has dropped from 62 to 57. The index reflects a more cautious mood among traders.
JP Morgan’s Bitcoin Initiatives: Institutional adoption is also gaining momentum. JP Morgan plans to allow clients to borrow against crypto ETFs. It will begin with BlackRock’s iShares Bitcoin Trust, which currently manages $70.1 billion in assets. This move signifies growing mainstream acceptance of digital assets in traditional finance.
Bitcoin Reserve Legislation: On the regulatory front, three US states have passed legislation permitting Bitcoin reserves. New Hampshire has already signed the bill into law, with Texas expected to follow. Internationally, Pakistan and the UK’s Reform Party are exploring similar strategies to hold Bitcoin reserves, signaling increased global interest.
Whale Activity: Adding to the market dynamics, Bitcoin whales continue profit-taking after a historic run above the $100,000 mark. Despite a minor 0.70% weekly drop, Bitcoin has held above six figures for a record 27 days, reflecting strong institutional confidence.
Bitcoin $250K Forecast: Despite today's dip, optimism around the world’s largest crypto remains. Silicon Valley investor Tim Draper reiterated his $250,000 Bitcoin prediction this year. Draper cited optimism surrounding a US trade deal, a forthcoming regulatory framework, and the increasing influence of Web3 development on Bitcoin. He added, “Bitcoin poses lower risks compared to other cryptocurrencies and stocks, as it is widely trusted and regarded as a store of value.”
Despite corrections, Bitcoin’s position above $105K and TRON’s gain of 1.87% reflect selective optimism. Institutional accumulation, ETF developments, and profit-taking by whales are shaping the current market mood. Sygnum Bank analysts echoed this sentiment in their June report.
Sygnum analysts stated, “Bitcoin’s fast-shrinking liquid supply is creating the conditions for demand shocks and upside volatility.” They estimate that the BTC liquid supply has dropped by 30% over the past 18 months, driven by institutional adoption and ETF purchases. A break above $2,700 for ETH or $0.28 for TRON could signal bullish continuation. Until then, the market may stay range-bound as traders react to macroeconomic updates and regulatory cues.
Also Read:Crypto Market Today: Bitcoin Mining Surges, Solana Strategy Expands, Trader Takes $100M Risk
