Daily Market Report — June 5, 2025
Bitcoin (BTC) pulled back 0.76% over the past 24 hours to $105,650, while Ethereum (ETH) remained relatively steady, slipping just 0.07% to $2,614.53. BTC’s daily range fluctuated between $104,179.01 and $106,000.01, and ETH traded between $2,594.49 and $2,679.28. Futures liquidations totaled $112.5 million, and the Fear & Greed Index ticked lower to 55, indicating a softer risk appetite. BTC and ETH long/short ratios remained evenly split, highlighting a lack of directional conviction from traders.
Top gainers included DMC (+14.04%), OCEAN (+8.79%), and BDT (+6.13%), with moderate momentum building in select altcoins. However, broader crypto sentiment cooled in line with macroeconomic signals and regulatory updates.
In the headlines, US M2 money supply reached a new all-time high of $21.86 trillion, reflecting expanding liquidity despite rate concerns. Circle’s IPO gained further attention as pricing is now expected at $31 per share, potentially raising $1.1 billion. Meanwhile, the SEC formally accepted the Nasdaq 21Shares SUI ETF listing, a notable step forward for altcoin-backed investment products.
JPMorgan also made headlines by announcing plans to accept crypto ETFs as loan collateral, marking another step in traditional finance’s integration with digital assets. On the international front, Moscow Exchange will begin quoting BTC futures in USD but settling in RUB, showcasing shifting dynamics in global trading venues.
Other key developments include Yzi Labs’ investment in OneKey to boost hardware wallet security and contract parsing, and California’s ongoing legal battle over the Trump-era tariff policy, which could have knock-on effects for crypto supply chains. Meanwhile, U.S. May ADP employment rose just 37,000, significantly below the 110,000 forecast, raising fresh concerns around labor market softness.
Michael Crag
