Here’s the latest cryptocurrency market update as of Monday, June 2, 2025:

🔥 Market Highlights

Bitcoin (BTC): After reaching a new all-time high of $111,814 in late May, BTC has retraced to around $104,250. Analysts suggest that if it breaks below the $108,000 support level, further declines could follow .

Ethereum (ETH): ETH has experienced a strong rally, with a 50% increase over the past 30 days. Currently trading at its highest level in three months, it is approaching the $3,000 resistance level .

🆕 Notable Developments

Binance Alpha: LayerEdge (EDGEN), a decentralized network built on Bitcoin infrastructure, is launching on Binance Alpha. Airdrop claims open today, June 2 .

CME Group & CF Benchmarks: Four new cryptocurrency reference rates and real-time indices are being introduced today, enhancing market transparency .

Pakistan Crypto Council: A special meeting is being held in Islamabad today to discuss the future of digital assets in the country .

⚠️ Other Updates

Crypto Hacks: In May 2025, approximately $244 million was lost due to crypto hacks. However, $157 million of the stolen funds have been successfully frozen or reclaimed .

Token Unlocks: Significant token unlocks are occurring this month, including ZKsync, Vana, and LayerZero, totaling over $133 million. These could impact market dynamics .