#Write2Earn

#BOB Today positive news for market

As of June 4, 2025, the cryptocurrency market is experiencing a mix of positive developments and cautious optimism. Here are the key highlights:

⸻

📈 Market Overview

• Global Market Cap: The total cryptocurrency market capitalization has seen a slight uptick of 0.31% over the last 24 hours, reaching approximately $3.33 trillion. 

• Bitcoin (BTC): Currently trading around $105,459, Bitcoin remains stable above the $105,000 mark. Analysts suggest that a tightening supply, with a 30% drop in liquid BTC over the past 18 months, could set the stage for potential price surges.  

• Ethereum (ETH): Ethereum has experienced a 5% increase, now trading at approximately $2,656. This surge is attributed to increased institutional buying and a shift in focus from Bitcoin to Ethereum among investors.  

• XRP: XRP has rebounded by 10% from its recent lows, trading around $2.25. The momentum is driven by regulatory clarity, ETF speculation, and Ripple’s global expansion efforts. 

⸻

📰 Positive Developments

• U.S. Tariff Pause: The U.S. government’s decision to pause certain tariffs has been well-received by the market, contributing to renewed momentum in cryptocurrencies like Bitcoin, Ethereum, and XRP. 

• Stock Market Rally: The S&P 500 reaching a new all-time high of 5,800 points has bolstered investor confidence, positively impacting the crypto market. 

• Strategic Bitcoin Reserve: The establishment of a U.S. Strategic Bitcoin Reserve, holding approximately 200,000 BTC, underscores the government’s commitment to supporting the crypto industry. 

⸻