📅 Crypto Market Update – June 6, 2025

🔻 Market Snapshot

Bitcoin slipped below $101K, hovering around $104K, down ~3–4%, amid profit-taking and macro jitters .

Ethereum tumbled ~6%, trading near $2,478, buffeted by volatile sentiment .

💔 Trigger: Trump–Musk Fallout

High‑profile clash between Donald Trump and Elon Musk shook sentiment, impacting both equities and crypto, causing approx. $980M in liquidations across over 223K traders .

🌐 Market Dynamics

Global crypto cap down ~4.1%, now around $3.33T, with trading volume ~$142B .

Profit‑taking from long‑term holders is limiting gains despite longer‑term institutional interest .

📈 What to Watch

U.S. jobs data (May) could sway Fed’s next move—and crypto direction .

Key supports: BTC at $95K–$97K, ETH around $2.4K.

Institutional drivers: ETFs and stablecoin-related regulations remain catalysts .

💡 Quick Take

Crypto remains volatile—short‑term drops triggered by news, but strong institutional flows and upcoming macro events may set up a rebound. Position carefully.

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#MyCOSTrade #TrumpVsMusk #MarketPullback #CircleIPO #CUDISBinanceTGE