Here’s a concise roundup of the latest cryptocurrency news as of June 1, 2025:
---
📈 Market Overview
Bitcoin$BTC is trading around $104,155, slightly down from its all-time high of $111,333 on May 23. Analysts suggest that if BTC maintains support above $104,800, it could rally toward $107,000, with longer-term targets above $120,000 .
Ethereum $ETH is priced at approximately $2,540, experiencing a 1.39% decrease today. Despite the dip, trading volume has increased by 18%, and bullish patterns suggest ETH could break past $3,000 soon .
Dogecoin (DOGE) saw a sudden 5% spike to $0.16 within an hour, with trading volume surging to $800 million .
Zcash (ZEC) is highlighted as the "Coin of the Day," currently trading at $50.46, reflecting a 10.79% increase .
---
🔓 Token Unlocks & Market Impact
Ripple $BTC is set to unlock 1 billion tokens next week, which could introduce substantial new supply to the market .
June 2025 will see $3.3 billion in crypto tokens unlocked, a 32% decrease from May's $4.9 billion. Notable projects include Metars Genesis ($193M) and Sui ($160M) .
---
🏛️ Regulatory & Institutional Developments
The SEC has postponed its decision on Grayscale’s Ethereum Staking ETF until June 1, 2025, delaying potential institutional inflows .
FTX has extended the KYC repayment deadline to June 1, 2025, giving 400,000 users another chance to secure a share of $2.5 billion in crypto repayments .
---
🔮 Altcoins to Watch
Sui (SUI) rebounded after a DEX hack and could climb toward $4.30 amid a June 1 token unlock.
HYPE might break resistance at $39.91 and rally toward $50 following a new all-time high and TVL surge.
PI coin's recent Kraken listing and potential oversold condition suggest a rally above $1.
Polkadot (DOT) approaches a bullish neckline as Polkadot 2.0 nears, potentially driving the altcoin's value higher.
Fetch.ai (FET) may respond to NVIDIA’s earnings
