๐ Crypto Market Update โ June 3, 2025
The crypto market is showing bullish momentum as we step into June:
Bitcoin (BTC): Trading around $106,722, with a 2.29% increase over the past 24 hours. Analysts predict a high probability (69%) of BTC reaching $110,000 this month.
Ethereum (ETH): Currently at $2,637.92, up by 3.96%. ETH is consolidating near the $2,500 mark, with potential to reach $3,000 if bullish momentum continues.
BNB: Trading at $666.87, showing a 1.55% increase. With strong inflows and a Chaikin Money Flow (CMF) indicator above zero, BNB could be poised to test new highs.
XRP: Holding at $2.25, up by 4.17%. XRP is consolidating below its 50-day SMA at $2.28, with potential to break towards $3.00 if volume picks up.
Cardano (ADA): Priced at $0.6947, with a 3.25% increase. ADA is showing signs of bullish momentum, aligning with the overall market trend.
The global cryptocurrency market cap stands at $3.3 trillion, up by 0.61% over the last day.
Notably, the Altcoin Season Index has risen to 27, indicating a shift in market dynamics and suggesting potential gains for altcoins.
