Cryptocurrencies started June cautiously, but Bitcoin surpasses $105,000
The current situation is a tactical opportunity to overweight Ethereum over Bitcoin, in an environment where the rotation of capital redefines the leadership of the crypto market.
Cryptocurrencies began June with a rally that ran out of steam. Bitcoin (BTC), which lost nearly 5% last week, is rising and approaching $105,800. In contrast, Ethereum (ETH), which started the day down, reverses the trend and surpasses $2,600.
Altcoins are trading mixed, with increases of up to 2.8%, like that of WBETH. Among the declines, the most significant is that of Tron (-0.7%).
In contrast to Bitcoin, Ethereum reached $2,788 —its highest level since February 2025— before correcting to $2,551, and then falling towards the end of the week. The ETH/BTC pair appreciated by nearly 6% from the lows, confirming that the market is increasingly valuing Ethereum's ability to attract novel use cases: DeFi, staking, layer 2 solutions, and even artificial intelligence applications.