Crypto Market Update – June 7, 2025
The global crypto market cap is up 1.2%, now at $3.29 trillion.
Bitcoin is trading at $105K (+1.1%) and Ethereum at $3,850 (+3.5%).
Altcoins like Solana (+5.2%) and Conflux (+14%) also saw strong gains.
Over $384 million was liquidated in the past 24 hours as Bitcoin and Ethereum dropped sharply before recovering.
This was the largest liquidation since February, triggered by overleveraged trades.
Regulators are making moves: the U.S. is advancing the GENIUS Act for stablecoins, while the UK may allow retail investors to trade Bitcoin ETNs again.
Institutional interest is rising. Gemini has filed for a U.S. IPO, and the U.S. is building a Strategic Bitcoin Reserve, signaling growing adoption from governments.
