๐ฐ Crypto Market Report โ June 4, 2025
Bitcoin Holds Steady as Altcoins Begin Rebound
๐ข Market Overview
The crypto market saw a mixed but overall stabilizing session today, with Bitcoin (BTC) consolidating above key support while select altcoins showed early signs of a bounce. After a volatile start to the week, sentiment appears cautiously bullish as traders eye potential recovery setups.
Total Market Cap: $2.34 trillion (+1.2%)
24h Trading Volume: $86.5 billion
Bitcoin Dominance: 51.4%
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๐ฐ Top Performers (24h)
$AR (Arweave): +18.9% โ Riding momentum from renewed interest in decentralized storage
$RNDR (Render): +14.3% โ Strong technical breakout above resistance
$DOGE: +7.1% โ Gained traction amid social buzz and increased trading volume
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๐ต Bitcoin (BTC) Update
Price: $69,880
Change (24h): +0.3%
Bitcoin continues to trade in a tight range between $68,500 โ $70,500, showing resilience after recent macro-driven sell-offs. Analysts note strong buy interest near the 100-day moving average, suggesting accumulation is underway.
> โBitcoin is holding firm despite low volatility,โ says crypto strategist Lila Chan. โA break above $71K could open doors to new highs.โ
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๐ Ethereum (ETH) Outlook
Price: $3,775
Change (24h): +0.6%
Ethereum is slowly grinding higher, supported by increasing staking activity and optimism around L2 adoption. The $3,800 level is seen as a near-term hurdle.
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๐ Altcoin Watch:
$SOL: Trading at $174, down slightly after a strong run. Still one of the top gainers over the past month.
$AVAX: Rebounding from $33 support zone, up 2.8%.
$WCT: Hovering around $0.47, catching attention after a sharp drop from $1.30. Many eyeing a bounce play.
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โ ๏ธ Regulatory Spotlight
The crypto world is watching closely as the European Crypto Compliance Act (ECCA) approaches implementation next week. Some altcoins with privacy features have seen increased volatility as a result.
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๐ Analyst Take
โMarkets are stabilizing, but volume is still light,โ says analyst Jordan Ruiz. โTraders should watch for breakouts in majors while keeping risk tight on small caps.โ
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๐ฎ Key Levels to Watch
Asset Support Resistance
BTC $68,500 $71,000
ETH $3,720 $3,880
SOL $166 $179
DOGE $0.144 $0.158
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โ Final Thoughts
Todayโs crypto session shows early signs of recovery, especially in altcoins. Bitcoinโs calm above $69K is giving the broader market breathing room. Traders are advised to stay alert for breakout confirmations and manage risk wisely โ as momentu
m may return quickly.
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