📈 Crypto Market Update – June 3, 2025
The crypto market continues its bullish momentum on Binance. Bitcoin (BTC) is trading at approximately $105,474, with a 0.62% increase over the past 24 hours. Ethereum (ETH) has risen by 4.72%, reaching around $2,612. BNB is also performing well, priced at about $667.
The BNB Chain has seen a surge in activity, recording over 3.2 million transactions in the last 24 hours, driven by increased DApp and DeFi usage. New tokens like $EDGEN (LayerEdge) are launching on Binance Alpha, attracting significant attention.
Institutional interest remains strong, with Metaplanet becoming the 8th-largest Bitcoin holder after a $118 million purchase. Analysts predict that if macroeconomic conditions remain stable, Bitcoin could retest the $120K resistance level.
Overall, the market sentiment is optimistic, with the Fear & Greed Index indicating a 'Greed' level at 64. Traders are advised to stay informed and consider potential pullbacks as opportunities for strategic entries.