Review of the global cryptocurrency market on June 1. 2025

As of June 1, 2025, the cryptocurrency market has shown a complex and changeable situation. Although Bitcoin (BTC) broke through the $100,000 mark, sparking optimism in the market, Ethereum (ETH) and other mainstream altcoins have performed relatively weakly. In addition, macroeconomic uncertainty, regulatory dynamics and market structural factors jointly affect the overall market trend. ⸻ 1. Bitcoin: Breakthrough of $100,000, with positive market sentiment. Bitcoin briefly broke through the psychological threshold of $100,000 on June 1, driven by positive news such as the continuous inflow of institutional investors, support of ETF funds, and the establishment of strategic Bitcoin reserves in the United States. AI models predict that if the current uptrend continues, the price of Bitcoin could reach $126,000 in June. However, the market is also facing potential pullback risks, especially below the key support level of $95,000. ⸻ 2. Ethereum: Falling below $2,500, whale escape caused concerns that Ethereum price fell to $2,499 on June 1, mainly due to a large amount of capital inflows on the Binance Exchange, and the market is worried that large players are quietly selling ETH. Nevertheless, ETH showed some market resilience after subsequently rebounding above key support. Investors need to pay close attention to the price trends in the next few days to determine whether they have entered a new adjustment stage. ⸻ 3. The performance of altcoins is differentiated, and the decline of XRP has attracted attention. XRP’s trading price on June 1 was about US$2.18, down 34% from the January high of US$3.31. Nevertheless, analysts believe that XRP still has the potential to reach double-digit prices in the future, especially with global cryptocurrencies reaching $35 trillion. Other altcoins such as SUI, HYPE, PI, DOT and FET also received market attention in early June and are believed to be likely to lead the next round of gains. ⸻ 4. Macroeconomic and regulatory factors affect market sentiment. The upcoming employment data and PMI indicators in the United States have aroused the market's attention to the direction of the Federal Reserve's policy. Strong employment data could delay rate cut expectations, putting pressure on the crypto market. In addition, French authorities filed charges against 25 individuals suspected of cryptocurrency kidnapping, highlighting the regulatory challenges facing the crypto market on a global scale. ⸻ 5. Market structural risks: Leveraged clearing and capital flows have been liquidated in the past 24 hours, of which Ethereum long positions have lost $32.75 million. This shows that the market has great risks under high leverage operations and is prone to severe fluctuations. In addition, the total lock-in value (TVL) in the DeFi sector fell 27.5% in the first quarter, reflecting investors' cautious attitude towards risky assets. ⸻ 6. Looking to the future: The market may bottom out and rebound According to Nansen's analysis, despite uncertainty in global trade frictions, the probability of the cryptocurrency market bottoming out in June is 70%. This lays the foundation for the market's possible rebound in the second half of 2025. Investors should pay attention to macroeconomic indicators, regulatory policies and market structural changes in order to formulate reasonable investment strategies. ⸻ Conclusion On June 1, 2025, the cryptocurrency market showed a pattern of intertwined bulls and bears. Bitcoin’s strength injects confidence into the market, but the weak performance of Ethereum and other altcoins reminds investors to be cautious. Against the backdrop of complex and changing macroeconomic and regulatory environments, investors should pay close attention to market dynamics and flexibly adjust their investment portfolios to cope with possible market volatility.