šŸ” Crypto market outlook ā€“ Week of June 2 to June 8, 2025

#BTC Bitcoin (BTC): Consolidation around $106,000

Bitcoin is currently trading at around $105,914, after reaching an all-time high of $111,814 the previous week. Analysts identify key support levels at $103,000 and $100,000, with resistance around $112,000. A breakout above this resistance could propel BTC to new highs, while a break of support could lead to a correction towards $97,000 or $93,000. (CCN.com, Coin Edition)


#ETH Ethereum (ETH): Recovery towards $2,600

Ethereum shows a strong recovery, currently trading around $2,622.53, significantly up from mid-May lows near $1,840. The breakout above the downtrend line has revived optimism, with potential price targets extending towards higher Fibonacci zones. (CryptoRank)


#XRP XRP and Solana (SOL) in accumulation phase

  • XRP: Currently at $2.20, XRP remains within a tight range, failing to retest the $3 level in May. Investors are closely watching for a potential bullish breakout in June. (CCN.com)

    Solana (SOL): Shows signs of consolidation, with analysts anticipating a possible recovery in June, supported by strong fundamentals. (The Coin Republic)

Regulation: Progress in the United States

The U.S. Senate recently approved a motion to proceed with the GENIUS bill, aimed at strengthening regulation of stablecoins. This bill introduces measures such as mandatory audits, a ban on offering yields, and strengthening anti-money laundering protocols. (Axios)


Integration into traditional finance

Coinbase has become the first crypto-native company to join the S&P 500, replacing Discover Financial Services. This inclusion reflects the growing acceptance of cryptocurrencies in traditional finance and could attract more institutional investments. (Investopedia)

In summary: The cryptocurrency market enters June with positive momentum, supported by favorable regulatory developments and increased adoption in traditional finance. Investors remain attentive to key support and resistance levels, as well as regulatory changes that could influence the market's trajectory.
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