📈 Market Overview
Bitcoin (BTC) has surged over 3% today, reaching $71,098, driven by expectations of a Federal Reserve rate cut. Ethereum (ETH) also saw a 1.14% increase, trading at $3,807. The global cryptocurrency market cap rose by 3% to approximately $2.63 trillion in the last 24 hours .
🔥 Altcoin Highlights
Several altcoins have posted significant gains:
FLOKI: Up 23.60%, trading at $0.0003267
Uniswap (UNI): Increased by 17.84%, now at $11.21
ORDI: Gained 16.15%, priced at $55.17
Stacks (STX): Rose 13.30%, reaching $2.23
Binance Coin (BNB): Up 11.49%, trading at $704.53 .
📰 Breaking News
Moscow Exchange Launches Bitcoin Futures: Russia's largest exchange has introduced Bitcoin futures contracts, marking a significant step in the country's crypto adoption .
Binance Announces Delisting of Five Altcoins: Binance will remove five FDUSD trading pairs on June 6, 2025, as part of its periodic review to ensure high-quality trading standards .
Semler Scientific Acquires 185 BTC: The company has added 185 BTC to its holdings, now totaling 4,449 BTC valued at approximately $467.2 million .
📊 Technical Analysis
Bitcoin has broken out of a symmetrical triangle pattern at $69,000, indicating a bullish trend. The immediate resistance level is at $71,200, with a pivot point at $68,450. The Relative Strength Index (RSI) stands at 66.95, suggesting overbought conditions and a potential near-term downside .
