Here's a concise update on the latest cryptocurrency news as of June 2, 2025:
📊 Market Overview
Bitcoin ($BTC ): Currently trading around $104,962, experiencing a slight dip of 0.35% over the past 24 hours. ABP Live
Ethereum ($ETH ): Testing resistance levels, reflecting the broader market's cautious sentiment.
Altcoins:$ALT Mixed performance observed, with some tokens showing resilience while others face downward pressure. Coin Edition+1The Economic Times+1
📰 Notable Developments
IG Group's Crypto Launch: UK-based IG Group has introduced cryptocurrency trading services for retail investors, marking a significant expansion in the UK's crypto market. TradingView
Binance Lists LayerEdge (EDGEN): Binance Alpha announces the listing of LayerEdge (EDGEN), a decentralized network built on Bitcoin infrastructure, with airdrop claims opening today. Binance+1Binance+1
Pakistan Crypto Council Meeting: A special meeting of the Pakistan Crypto Council is scheduled in Islamabad, focusing on the country's crypto regulatory framework. 24 News HD
📈 Technical Insights
Bitcoin's Bollinger Bands Signal: Analysts note that Bitcoin's Bollinger Bands indicate potential downside risk, suggesting traders should exercise caution. Pintu
Bullish Cross Detected: A bullish cross has been observed in Bitcoin's price charts, historically signaling potential upward momentum. Blockchain News
🔮 Expert Predictions
Cardano Founder’s BTC Forecast: Charles Hoskinson predicts Bitcoin could reach between $250,000 and $500,000, citing increasing institutional adoption. Altcoin Buzz+2Crypto Basic+2Crypto Basic+2
Altcoins to Watch: Analysts highlight three altcoins—Avalanche, Litecoin, and another unnamed token—as poised to outperform Bitcoin in June
