📊 Crypto Market Update – June 6, 2025
The global crypto market cap has declined by 1.9% over the past 24 hours, now standing at $3.23 trillion. Major cryptocurrencies are experiencing mixed performance amid high volatility.
🔍 Key Market Movements
Bitcoin (BTC): Currently trading at $103,828, down 0.8% from the previous close. The price has fluctuated between $100,781 and $105,888 today.
Ethereum (ETH): Trading at $2,484.20, a decrease of 4.3%. The intraday range is between $2,408.52 and $2,634.75.
BNB (BNB): Currently at $644.57, down 2.9%. Today's trading range is $627.26 to $665.94.
Cardano (ADA): Priced at $0.6488, a 4.5% decline. The price has moved between $0.6232 and $0.6883 today.
XRP (XRP): Trading at $2.15, down 2.3%. The intraday low and high are $2.08 and $2.22, respectively.
📰 Notable Developments
Bitcoin ETF Outflows: Bitcoin has seen ETF outflows totaling $278 million, contributing to its price drop to $103,025.
Trump's Bitcoin Initiative: President Trump announced a $12 billion fundraising effort potentially aimed at acquiring more Bitcoin, signaling increased institutional interest.
Solana (SOL) Recovery: After a sharp decline to $142, Solana has rebounded to $147 as buyers re-enter the market.
Whale Accumulation: Large investors have been accumulating Ethereum, indicating potential bullish sentiment.
