๐ Crypto Market: Bullish or Bearish? (June 2025 Update)
The crypto market is currently showing a cautiously bullish trend overall. Here's a breakdown of key indicators:
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๐ก Bitcoin (BTC)
Current Price: Around $105,000 โ slightly down from Mayโs peak of $111,000.
Expected Range: Between $100,000 and $120,000 for June. If BTC breaks above $112,000, a rally toward $120,000 is possible.
Trend: Technical indicators show BTC is consolidating above key EMAs, indicating a bullish structure in the longer term.
Source: CoinDCX
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๐ฃ Ethereum (ETH)
Current Price: Around $2,640 โ up nearly 45% since late May.
Resistance Levels: $2,825 and $3,013. A daily close above $3,013 could trigger a move toward $4,000.
Trend: Technical patterns and recent momentum suggest ETH is in a short-term bullish phase.
Source: NFTevening
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๐ Market Sentiment & Overall View
Global Market Cap: Recently at $3.44 trillion โ slightly down, but most top 100 coins saw price increases.
Investor Mood: Generally optimistic but cautious, with macroeconomic factors playing a big role.
Source: TradingView
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๐๏ธ Institutional & Regulatory Developments
Circle IPO: USDC issuer Circle raised $1.05 billion in a recent U.S. IPO, showing strong investor confidence in crypto infrastructure.
Source: Reuters
Pro-Crypto Legislation: Bills like the GENIUS Act in the U.S. signal a friendlier regulatory stance toward crypto businesses.
Source: Barronโs
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โ Summary
The market is leaning cautiously bullish:
Bitcoin and Ethereum both show signs of strong momentum.
Institutional support and favorable regulation are boosting confidence.
However, price corrections and macroeconomic risks still warrant caution.
