#trending

Market Overview

• Global Crypto Market Cap: $3.25 trillion, up 0.27% over the last day. 

• Bitcoin (BTC): Trading at $104,133, with a 0.60% increase.

• Ethereum (ETH): Currently at $2,500.29, down 0.74%. 

• BNB: Priced at $650.74, experiencing a 0.46% decrease.

• XRP: Trading at $2.15, up 0.47%. 

• Cardano (ADA): At $0.664, with a slight decrease of 0.01%. 

⸻

📰 Top Headlines

Bitcoin Nears All-Time High

Bitcoin’s price has risen from $68,500 on May 25 to $71,200 by June 1, driven by institutional buying from firms like MicroStrategy and consistent ETF inflows totaling $1.2 billion for the week ending May 30. 

Ethereum Faces Volatility Amid ETF Decision

Ethereum briefly dipped below $2,500 due to concerns over large holders selling off, but has since rebounded. 

XRP Price Predictions Amid Market Growth

Analysts suggest that if the total crypto market cap reaches $35 trillion, XRP could see significant price increases. 

Dogecoin’s Decline Raises Concerns

Dogecoin is trading at $0.19009, with technical indicators suggesting a potential drop to $0.15 if support levels fail. 

FTX Users Face Repayment Deadline

Approximately 400,000 former FTX users may lose access to over $2.5 billion in repayments if they don’t complete identity verification by June 1. 

⸻

🔮 Predictions & Insights

• Bitcoin: Analysts predict a potential rise to $BTC 126,000 in June, supported by institutional investments. 

• Ethereum: Aiming for a breakout above $ETH 3,000, contingent on ETF approvals and market sentiment. 

• XRP: Could reach $XRP 12.50 by the end of 2028, representing a 450% increase from current levels. 

⸻

⚠️ Noteworthy Incident

A 28-year-old Italian crypto investor was reportedly kidnapped and subjected to a 17-day ordeal in Manhattan, with captors allegedly seeking access to his Bitcoin holdings.