đ Crypto Market Overview â June 8, 2025
Bitcoin regained momentum, rising to $106,300, despite geopolitical concerns in the U.S. Overall market cap stands at $3.28âŻtrillion, showing slight daily gains .
Ethereum is trading around $3,650, bouncing back from a dip earlier today .
Trading activity has surgedâ $BTC and $ETH volumes are up ~15%, indicating heightened interest across the board .
Institutional flows show some rotation: ~$50M exited BTC ETFs, while ~$200M moved into stablecoins on exchanges like Binance .
Quick Insights:
đ€ Bullish signal: Bitcoin broke above its 50-day moving average around $105.4K, with RSI still neutralâroom to run .
đŠ Global push: The UKâs FCA is reviewing restrictions on crypto products for retail traders, signaling a broader shift toward mainstream adoption .
đ§© Market context: Keep an eye on U.S. inflation data and corporate earnings this weekâthose macro events often overlap with crypto volatility .
Takeaway:
Despite macro uncertainties, the chart signals are bullish. Whether you're in for trading or holding, this #marketpullback could be the calm before the next upward movement. Monitor key levels: $105K support and $107â108K resistance.