The cryptocurrency market today, June 2, 2025, is experiencing a state of relative stability after notable fluctuations over the weekend. Data shows that Bitcoin's price stabilized around $104,000, after a sharp decline exceeding $6,000 within 24 hours.
Major market movements:
Bitcoin ($BTC ): Stabilized at $104,000 after weekend losses.
Ethereum ($ETH ): Down by 0.77% to reach $2,496.
Cardano ($ADA ): Slight increase of 0.19% to reach $0.6787.
Dogecoin (#DOGE ): Increased by 0.26% to reach $0.1905.
Binance Coin (#bnb ): Up by 0.23% to reach $657.
Reasons for the current stagnation:
Despite the relative stability, the market is still suffering from a state of stagnation due to several factors:
1. Trade tensions: The announcement by former US President Donald Trump about his intention to impose a 50% tariff on steel and aluminum imports from certain countries has raised investors' concerns about escalating trade disputes.
2. Declining Bitcoin reserves: Bitcoin reserves on centralized trading platforms have fallen below 2.5 million units, which may indicate an increase in selling or the transfer of assets to external wallets.
3. Regulatory concerns: The US Securities and Exchange Commission has expressed concern about plans to launch exchange-traded funds that provide investors with storage rewards, increasing uncertainty in the market.
Outlook:
Under these circumstances, investors are advised to exercise caution and monitor global economic and political developments, especially those related to trade policies and interest rates, as they can significantly impact the movements of the cryptocurrency market in the coming days.
