Hi guys

As of June 6, 2025, the cryptocurrency market experienced notable volatility. Bitcoin (BTC) dipped below $101,000 amid a reported fallout between Donald Trump and Elon Musk, contributing to market instability. Ethereum (ETH) also saw a decline, dropping over 6% to around $2,457 during intra-day trading .

In a significant development, Trump Media and Technology Group filed for a new Bitcoin exchange-traded fund (ETF) named "Truth Social Bitcoin ETF B.T." This move aligns with the Trump administration's deregulatory stance on the crypto industry. However, the filing has raised concerns about potential conflicts of interest due to financial relationships between Trump Media and Yorkville America Digital, the ETF's sponsor .

Despite the downturn, some analysts remain optimistic. Michaël van de Poppe highlighted Bitcoin's strong rebound after its recent dip, suggesting renewed bullish momentum .

Currently, Bitcoin is trading at approximately $104,445, while Ethereum stands at around $2,507.85.