Crypto Price Today (June 4): Bitcoin Holds onto $105K, Ethereum Spikes Above $2,650; Altcoins Give Mixed Signals

Amid cooling down trading activity, the cryptocurrency market continues to captivate investors as Bitcoin (BTC) holds steady around $105,000 and Ethereum (ETH) surges above $2,650 in a swift push. Meanwhile, altcoins are displaying mixed performances, reflecting both optimism and uncertainty in the market.

Bitcoin Price Maintains Modest Momentum

At the time of writing, Bitcoin is trading near $105,186, consolidating near the same range throughout the past 24 hours. Analysts note that BTC remains in a bullish trend, supported by strong demand and a key support range between $103,000 and $104,500. Some market watchers suggest a potential push toward $110,000 if momentum persists. 

The market’s confidence in Bitcoin stems from macroeconomic factors, including expectations around central bank policies and continued institutional adoption. However, some caution that volatility could increase as BTC approaches the weekend and potentially retests its all-time high of $111,000 in the coming week.

Ethereum Price Breaks $2,650

Ethereum, the second-largest cryptocurrency, has shown notable strength, with it breaking past the $2,650 mark and marking a daily high of $2,670 hours ago. This surge follows a period of sideways movement, with ETH now eyeing the $3,000 level, particularly the fair value gap (FVG) zone. 

Technical indicators suggest a bullish reversal, with the TD Sequential flashing a buy signal if ETH holds steadily above $2,550. Despite short-term bearish pressure noted in recent analyses, Ethereum’s breakout against Bitcoin could signal broader altcoin market strength. 

Altcoins Keep Giving Mixed Signals

The altcoin market has continued sending mixed signals, with some showing significant gains while others lag behind. Among top performers over the past 24 hours, newer tokens like DEXE, SPX, and LDO are leading, while VIRTUAL, XMR, OP, RAY, and RENDER have faced notable losses, reflecting the uneven performance across the sector.

Among large-cap altcoins, Solana (SOL) is a top loser, with it declining 2.54%, trading near $156, while XRP sees nearly a 1% drop to $2.23, trading in uncertainty despite major headlines. Besides this, DOGE, ADA, SUI, AVAX, XLM, and other top alts have also declined nearly 2%, whereas TRX increased 1.2% in the past 24 hours. 

Trending Crypto Today 

• DEGO (Dego Finance)
• TRB (Tellor)
• PUFFER (Puffer)
• ANIME (Animecoin)
• APE (ApeCoin)

Crypto Market Cap Overview

As of the latest market data, the global cryptocurrency market capitalization stands at approximately $3.31 trillion, reflecting a slight decline of 0.42% in the past 24 hours. The daily trading volume currently sits at $105.55 billion, which is 7% down compared to yesterday. 

Also read: Bitcoin Price Eyes $150K as Over 60 Firms Double BTC Holdings

Follow The Crypto Times on Google News to Stay Updated!