On the monthly open, the cryptocurrency market experienced mixed movements today as Bitcoin (BTC) slipped below $103,000, while Ethereum (ETH) showed signs of recovery, bouncing back from a critical support level of $2,500. The broader market sentiment remains cautious amid macroeconomic uncertainties and regulatory developments.
During early U.S. trading hours, Bitcoin dipped as low as $103,823 from the daily high of $105,876—marking a sharp 2% decline. The current downtrend in Bitcoin price follows a brief rally of late May when BTC surged past $111,000 and marked a new all-time high. Though it is currently down $6.7% from that record high.
The momentum in Bitcoin faded as investors turned wary ahead of the upcoming Consumer Price Index (CPI) data release due on June 11, a key inflation metric that could influence the Federal Reserve’s interest rate decisions. Analysts note that Bitcoin’s price action reflects a broader “risk-off” sentiment, with global trade tensions.
In contrast, Ethereum staged a modest recovery, with it bouncing from the $2,500 price mark and breaking to a new daily high of $2,561—as per CoinMarketCap data. At the time of writing, Ethereum is trading near $2,542—up 1.29% in the past 24 hours.
Following both these leaders, leading altcoins are also trading sidelined with XRP hovering around $2.3 while Solana (SOL) trading at $153 as of latest market data. Other large-cap alts—including BNB, DOGE, ADA, TRX—have also lacked any significant tractions.
Some of the notable moves include Monero (XMR)–surging nearly 8%, followed by SKY token’s 7% and HYPE’s 4% increase. On the losing side, Raydium’s RAY is leading, with it declining 6%, followed by VIRTUAL and XDC.
Most Watched Crypto Today
- BTC (Bitcoin)
- ETH (Ethereum)
- XRP (XRP)
- SOL (Solana)
- COCORO (COCORO)
Crypto Market Cap Overview
As per CoinMarketCap data, the global crypto market cap today sits at $3.27 trillion in valuation, with a 24 hour trading volume of $100.12 billion.
Also Read: Monero Price Prediction: Will XMR Hit $400 Any time Soon?
