🚀 Crypto Market Update – June 8, 2025 🔥
📊 Bitcoin (BTC)
Currently trading at $106,004, BTC is holding strong above the $105K support. A breakout above $106K could signal more upside, but short-term resistance remains. ETF inflows and positive macro sentiment continue to support bullish momentum.
📉 Ethereum (ETH)
Trading at $2,517, ETH is in a consolidation phase. With rising institutional inflows (~$750M), Layer-2 ecosystem growth, and strong on-chain activity, ETH is building momentum for a potential breakout above $2,540.
📌 Market Drivers:
• 🏦 Institutional interest surges in ETH and BTC ETFs
• 📈 Stock market correlation lifting crypto sentiment
• 📜 Regulatory shift: UK FCA may lift ban on retail crypto ETNs
• 🚀 Gemini files for US IPO – Institutional confidence growing
• ⚠️ RBI still cautious, maintaining a strict stance on crypto
📈 Watch Levels:
• BTC: $105K support | $106K–$107K resistance
• ETH: $2,500 support | $2,540–$2,560 resistance
📣 Strategy Tip:
Short-term traders: Tight stops + watch resistance zones.
Long-term holders: Institutional and regulatory tailwinds may support the next leg up.
💬 What are you trading today? Drop your charts ⬇️
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