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?
