Daily Market Report – June 4, 2025
Bitcoin (BTC) fell 0.37% over the past 24 hours to $105,650.66, while Ethereum (ETH) declined 0.59% to $2,615.50. Bitcoin reached a 24-hour high of $106,771.15 and a low of $104,358.72, while Ethereum ranged between $2,657.57 and $2,564.40. Futures liquidations totaled $113.06 million, a sign of market unease amid sideways movement. The Fear & Greed Index slid slightly to 57, still reflecting “Greed” but with reduced confidence. Global long/short ratios stayed balanced: BTC traders were 50.24% long and 49.76% short, while ETH ratios split at 49.73% long and 50.27% short.
Among altcoins, HSQ/USDT led gains with a 43.07% rise, followed by AIFI/USDT at +33.33% and TRB/USDT with +20.87%, showing strong movement despite broader market cooling.
In major headlines, Ethereum co-founder Joseph Lubin stated that sovereign wealth funds are exploring blockchain infrastructure investments, pointing to deepening institutional involvement. U.S. Senator Cynthia Lummis revealed that some military leaders have expressed openness to creating a Bitcoin strategic reserve, a rare show of interest from national security circles.
The Bitcoin ETF race gained a new entrant as Truth Social filed its own application, expanding an already competitive field of issuers. Meanwhile, Ripple officially denied rumors of a Circle acquisition, calling the reports unfounded.
The MELANIA token community wallet transferred 150 million tokens, with $6.62 million worth sent to market maker Wintermute, raising new questions about the token’s future liquidity. At the same time, the Trump familypublicly disavowed involvement in the Trump Wallet, instead endorsing WLFI, a separate token set to launch soon.
Michael Crag
