Market Overview

The cryptocurrency market is showing mixed signals today, with a total market capitalization of approximately $3.43 trillion. Bitcoin (BTC) is facing resistance near $107,000, while Ethereum (ETH) has seen a slight increase, trading above $2,500. The overall market mood remains "greedy," indicating investor confidence despite $156 million in trader losses over the past 24 hours.

Top Cryptocurrencies

Bitcoin ($BTC BTC): Trading at around $107,000, Bitcoin is struggling to break through its resistance level but remains steady with a 0.86% increase earlier this week. Miners like Mara have boosted their holdings to 49,179 BTC, showing strong confidence.

Ethereum ($ETH ETH): ETH has risen above $2,500, with a fresh increase noted today. Stablecoin reserves on exchanges are at their highest in years, hinting at potential capital deployment.

XRP (Ripple): $XRP XRP is showing bullish signs at $2.35, with potential to move higher. Ripple's RLUSD stablecoin has been integrated into Dubai's payment platforms, boosting its adoption.

Binance Coin (BNB): BNB leads stablecoin reserves, holding 59% of all reserves ($31 billion in USDT and USDC). Binance has also seen $180 billion in inflows in 2025, solidifying its dominance.

Key News Highlights

Regulatory Moves: California has passed a bill allowing Bitcoin payments, and Senator Lummis proposed a strategic Bitcoin reserve in the U.S. Meanwhile, Tether invested in Chilean exchange Orionx to expand in Latin America.

Market Developments: Top U.S. Bitcoin miners reported strong May performance, with infrastructure growth in Texas for AI workloads. However, Bondex crashed after its Binance listing.

Security Concerns: Coinbase forecasted a $180M-$400M hit from a cyberattack, and Bybit lost $1.5B to North Korean hackers last month, highlighting ongoing security risks in the crypto space.

Market Movers

Top Gainers: Tokens like FRM, GIZA, and ASRR have seen significant gains this week.

Top Losers: MOONPIG, LPT, and RAY are among the biggest decliners.

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