The crypto market has witnessed a significant downturn today, with the total market capitalization dropping by 2.93% to $3.21 trillion. In contrast, trading volumes have surged by 39.75%, reaching $144.4 billion, suggesting a wave of panic selling or forced exits. Amidst this volatility, crypto ETF outflows recorded a sizable $267.1 million withdrawal. Surprisingly, the Fear & Greed Index remains relatively stable at 46, indicating neutral sentiment despite sharp market reactions. Why Did the Crypto Market Crash Today?The following catalysts triggered a domino effect of selling across major tokens.Political & Social Sentiment: A public dispute between Donald Trump and Elon Musk around…
Author: cryphedge
Bitcoin trades above $101.5K in Asia, showing resilience despite new U.S. tariff uncertainties. Analysts see continued bull market, with Polymarket traders pricing a 69% chance of BTC hitting $120K by year-end. Pythagoras Investments’ Gabeljic notes BTC’s lower volatility compared to other digital assets amid tariff news. Bitcoin (BTC) commenced the Asian trading day holding steady above the $101,500 mark, demonstrating resilience in the face of fresh tariff-related uncertainties emanating from the Trump administration. While near-term volatility remains a factor, market analysts and traders appear increasingly focused on a sustained bull market through the remainder of the year, with a significant…
Author Tim Alper Author Tim Alper About Author Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked… Share Last updated: June 4, 2025 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas -…
Daan Crypto Trades says most altcoins are too weak to trade and lack clear momentum. Bitcoin fell slightly, while altcoins dropped over 10% last week. Analysts suggest waiting for sector strength or Bitcoin’s final rally before reentering altcoins. Popular market analyst Daan Crypto Trades has cautioned traders against chasing short-term altcoin opportunities in a market lacking sustained momentum. In a post on X, Daan noted that while Bitcoin (BTC) only declined slightly last week, most altcoins suffered significant losses. He noted, “There’s not really any strong narrative or basket of coins outperforming,” making this a difficult environment for altcoin trading…
The cryptocurrency market constantly offers unique opportunities, and two utility tokens currently making waves are Ruvi AI and Cardano. Both projects boast high growth potential, but which one could be the key to explosive portfolio gains before the year ends? Here, we’ll compare their strengths, potential for scalability, and value as investment opportunities. Ruvi AI’s Presale Momentum Ruvi AI is quickly capturing the spotlight in the crypto world, largely due to its highly successful presale campaign. With over $1.5 million raised and nearly 135 million tokens sold, the project is already demonstrating its growing appeal among investors. Having transitioned from…
Circle’s (CRCL) shares more than tripled minutes into their New York Stock Exchange debut on June 5, touching $103.75 less than 30 minutes following its launch and resulting in several volatility halts.The price peak is 234% above the initial public offering (IPO) price of $31, which captured over $1 billion by selling 34 million shares. Circle sold 14.8 million shares, while CEO Jeremy Allaire and other backers divested 19.2 million. Trading pauses under the exchange’s limit-up/limit-down mechanism punctuated the opening session as the price surged up.CRCL surpasses $70 billion in market capBitwise senior investment strategist Juan Leon highlighted that CRCL’s first-day…
With XRP ETF approval chances at 98% according to Polymarket, analysts anticipate a liquidity boost and broader adoption. The upcoming FOMC meeting on June 17–18 could influence XRP prices. Market speculation points to a potential 25-basis-point rate cut. Ripple’s native crypto XRP has underperformed the rest of the altcoins market over the past month, and is currently trading around the $2.2 level. However, June could be a game-changer for XRP investors considering average returns of 8.5% this month, over the past 11 years. As a result, market optimism surrounding the Ripple crypto is rising once again, with analysts citing three…
Solana is pulling back into key support levels, as the selling volume is causing the price to head towards the crucial support close to $140. The SOL price action shows a correction following a rejected top and may now be approaching the base of the prior demand. The drop below $151 support, which is a pivotal one, has led to a drop below $150, which could lead to a deeper retracement toward the $141 to $145 zone. The market sentiment around Solana is shifting as the big dormant coins are on the move. As per the data from Glassnode, the platform…
Anthropic CEO Dario Amodei urged US lawmakers to write transparency rules for artificial intelligence companies instead of granting a decade-long freeze on state regulation proposed in President Donald Trump’s technology bill.In a June 5 guest essay in The New York Times, Amodei described an internal evaluation in which Anthropic’s newest model threatened to expose a user’s private emails unless the operator canceled a shutdown plan. He added that separate examinations found OpenAI’s o3 model drafting self-preservation code and that Google’s Gemini model neared the capability to assist cyberattacks. Amodei likened the exercises to wind tunnel trials for aircraft, designed to expose defects…
Over the last year, the meme coin market has exploded in popularity. Subsequently, it has also seen massive amounts of funds funneled in as individuals look to be the next benefactor of the craze. That has not been the case for platforms like Solana’s Pump.fun, as 60% of users have reportedly lost money as some concerning facts have come to light.Pump.fun is a key aspect of the Solana ecosystem that allows individuals to create their very own meme coin. However, it has also been mired in controversy as it has proven to be an endeavor of loss for some users.…
