Cryptocurrency Market Update - June 2, 2025
This post provides the latest update on the cryptocurrency market for June 2, 2025.
It includes real-time data on top cryptocurrencies, technical analysis, and recent news.
Market Overview
Bitcoin (BTC): $104046
Ethereum (ETH): $2487
BNB (BNB): $651
XRP (XRP): $2.15
Cardano (ADA): $0.67
Technical Analysis Highlights
Bitcoin (BTC) is hovering around the $104,000 level. Analysts caution that a drop below this could lead to a fall to $97,000. Ethereum (ETH) is showing a bullish 'cup-and-handle' pattern and may reach $3,000 if this pattern completes. XRP (XRP) is underperforming and may fall below $2.
Notable Developments
Metaplanet, a Japanese investment firm, has increased its Bitcoin holdings to 8,888 BTC, showing growing institutional interest. Meanwhile, CRO (Cronos) is gaining attention due to a proposed ETF by Canary Capital.
