After several days of consecutive slight decreases, the crypto market has turned green. The majority of the top 100 coins are up over the past 24 hours. At the same time, the cryptocurrency market capitalization has decreased by 1% to $3.43 trillion. The total crypto trading volume is at $101 billion. TLDR: Crypto market cap sees a small drop, while most coins turn green; BTC may drop below $100,000 but the broader structure remains bullish; Market sentiment shifts towards greed again; Capital is rotating toward decentralized stores of value; US spot BTC ETFs record outflows again, spot ETH ETFs continue the inflow streak; The rally still seams sustainable. Why Is Crypto Up Today? Crypto Winners & Losers At the time of writing, of the top 10 coins per market capitalization, nine are green. Only one has seen a decrease, but so minor that the price is practically unchanged. Bitcoin (BTC) fell 0.2% to the price of $105,224. Notably, this is higher than yesterday’s $104,884. Ethereum (ETH) appreciated the most in this category. It’s up 4%, now trading at $2,610. The rest of the green list is up between 1% and 3%. The Ethereum Foundation announced on Monday that it laid off members of its research and development team and restructured its Protocol Research and Development division, rebranding it to ‘Protocol’. It stated that “Protocol is now a more united and leaner organization with more focused teams.” Announcing Protocol https://t.co/LMANvhQ0X3 — Ethereum Foundation (@ethereumfndn) June 2, 2025 Of the top 100 coins, while 20 have seen their prices rise yesterday, 20 have seen their prices drop today. Bittensor (TAO) decreased the most in this category. It’s down 5% to $392. On the other side, Dogwifhat (WIF) is the day’s best performer and the only one with a double-digit increase. The coin is up 12.3%, now trading at $0.975. It’s followed by Ethena (ENA) , which increased by 8.7%, changing hands at $0.3385. Meanwhile, trading platform PrimeXBT argues that despite last week’s bearish close, the broader structure remains bullish. There are consistent higher highs and higher lows still defining the trend. “If the green range continues to hold, the bias remains bullish with caution. However, a clean breakdown below 100,700 could signal further weakness and possibly a move towards the 96,000 zone,” the analysts said. Pullback in motion, trend still intact. #Bitcoin rejected near ATHs, but the uptrend remains strong unless $96K breaks. Are the bulls still in control? BTC breakdown: https://t.co/u19sZU8ICB Trade the action: https://t.co/IDZGPpb8cq #PrimeXBT $BTC pic.twitter.com/zUEyjkJi3G — PrimeXBT (@PrimeXBT) June 2, 2025 Why is Crypto Up Today: Strategic Diversification Tool, Not High-Beta Asset According to James Toledano, Chief Operating Officer at Unity Wallet , digital assets are not immune to macro shocks, but investors increasingly see BTC as a hedge against macroeconomic turmoil. Bitcoin “may initially echo” the response to the US President Donald Trump’s announcement of a “reciprocal tariff” strategy in April. The coin plunged 7% before stabilizing. Investor behavior data for $BTC shows a drop in Momentum Buyers (RSI ↓ to ~20) alongside a sharp rise in Profit Takers (RSI ↑ to ~77) around May 28. This trend often shows near local tops, as traders begin locking in gains instead of building exposure: https://t.co/vHqbU4gTZV pic.twitter.com/TBpUb95xm1 — glassnode (@glassnode) June 2, 2025 However, Bitcoin’s drawdown during previous tariff episodes was “relatively contained compared to broader asset classes.” Per the COO, traders are “increasingly interpreting such tariffs more as negotiation tools than enduring economic policy, tempering the shock factor.” “Tariffs may intensify volatility, but Bitcoin is increasingly positioned as a strategic diversification tool rather than a high-beta asset.” Moreover, compared to April, Toledano argues, “today’s market reflects more disciplined investor behavior and stronger institutional foundations.” He noted that there are clear signs of a move towards alternative assets. Global equities declined, US Treasury yields climbed, the Bloomberg Dollar Spot Index dropped for a fifth consecutive month, the dollar weakened, Brent crude approached $65 per barrel, and gold rose nearly 2%. Therefore, “capital seems to rotate toward decentralized stores of value. Bitcoin’s ability to hold ground in this environment points to its growing maturity and acceptance as a strategic store-of-value asset — especially amid the erosion of confidence in fiat-backed instruments and geopolitical uncertainty,” Toledano argues. Though lower than the prior week, last week's inflow of 6,148 $BTC into US spot ETFs marks the 7th consecutive week of net inflows – highlighting consistent demand despite cooling momentum. pic.twitter.com/77P6mQx8nR — glassnode (@glassnode) June 2, 2025 Alexei Zamyatin, Co-Founder of Layer 2 BOB, added that institutional adoption of Bitcoin is accelerating. However, institutions are not just accumulating the coin but are looking to put it to work as well “The US’s plan to acquire 1 million BTC over five years reinforces Bitcoin’s role as a financial asset,” Zamyatin says. “This recognition will drive demand for yield-generating Bitcoin products, making DeFi the natural next step. With governments and institutions now actively driving Bitcoin’s future, Bitcoin DeFi is positioned to scale faster than before.” Levels & Events to Watch Next BTC currently trades at $105,224. This is down from the intraday high of $106,415. Compared to its all-time high of $111,814, the coin is down 5.9%. It decreased by 4% in a week and rose by 9.6% in a month. Bitcoin Price Chart. Source: Tradingview Per PrimeXBT, the key level to monitor is $107,000, which aligns with the previous ATH support zone. If price fails to hold above this area, the next key support is around $95,000-$96,000, A pullback at the first support level “should not be seen as a concern from a high time frame perspective. Bitcoin remains in a clear uptrend, and overall market structure suggests strength.” Source: PrimeXBT Moreover, the Fear and Greed Index went up slightly within the neutral territory. It’s up from 57 yesterday to 58 today . This indicates caution in the market, standing between fear and greed, likely waiting for additional signals to make the next move. Source: CoinMarketCap Meanwhile, on 2 June, US BTC spot exchange-traded funds (ETFs) saw another net outflow, this time of $267.52 million . Bitwise is the only one with inflows today, recording $3.41 million. On the other hand, US ETH spot ETFs continue the inflows streak, gaining $78.17 million on 2 June. BlackRock and Fidelity saw net inflows of $48.4 million and $29.78 million, respectively. Source: SoSoValue Notably, there are some relevant regulatory developments to keep an eye on globally. This includes the South Korean presidential election , as well as the stablecoin bill passage in the US. Currently, the crypto industry groups are urging US lawmakers to advance the GENIUS bill as it heads to the Senate debate this week. All three major presidential hopefuls in South Korea have endorsed allowing Bitcoin ETFs and institutional crypto investment ahead of the 3 June vote, marking a potential policy shift. #BitcoinETF #Crypto @cryptoquant_com @YonhapNews https://t.co/63NbHMsIfe — Cryptonews.com (@cryptonews) May 14, 2025 Quick FAQ Why did crypto move with stocks today? Both the crypto market and the stock market are up today, though it doesn’t appear they’ve risen in tandem. The S&P 500 has increased by 0.41%, the Nasdaq-100 is up 0.71%, and the Dow Jones Industrial Average rose by 0.084%. The stock market improved as it overcame repeated tariff threats by US President Donald Trump and trade tensions between the US and China. Is this rally sustainable? The market is still finding its footing within the consolidation period. While analysts do note that prices may decrease further, they don’t see a bearish reversal happening yet. The post Why Is Crypto Up Today? – June 3, 2025 appeared first on Cryptonews .
XRP shows a slight price increase but experiences significant trading volume decline. Ripple's 130 million XRP transfer sparks concerns over potential market impacts. Continue Reading: XRP Shows Resilience Despite Lower Trading Volume Shifts The post XRP Shows Resilience Despite Lower Trading Volume Shifts appeared first on COINTURK NEWS .
Eurozone inflation fell to 1.9% in May , its lowest level in seven months and just under the ECB’s 2% target. This is a drop from 2.2% in April and below market expectations. The euro reacted immediately, sliding 0.3% against the dollar . The timing is crucial, as the European Central Bank meets this week to decide whether to lower its benchmark interest rate to 2%, a level not seen in over two years. Market experts now believe the ECB is likely nearing the end of its rate-cutting cycle , especially as energy prices drop and wage pressures ease faster than predicted.
According to recent data from Coinglass, the total open interest in Bitcoin futures across global exchanges stands at 66,603 BTC, valued at roughly $70.16 billion. Notably, the CME Bitcoin futures
While Bitcoin (BTC) consolidates, ready for the next potential move into price discovery, the large cap layer 1s such as Ethereum (ETH) and Solana (SOL) are manoeuvring into their own breakout positions. What does June have in store for both? $ETH successfully retests $2,500 support yet again Source: TradingView The daily chart for $ETH shows that the price dropped out of the bottom of the bullish ascending triangle pattern. However, after testing the $2,500 major support level, the price has bounced back again. With the daily Stochastic RSI starting to rebound from the bottom, the chances are that the bulls could finally push the price above the top of the triangle and guide it towards the next resistance at $2,850. Bullish or bearish move next for $SOL? Source: TradingView The $SOL price is at an interesting point on the daily chart. The bulls are either going to force the price up through the major $160 resistance, or the bears are allowing a retest of the breakdown before bringing the price down, at least to the support at $137, and possibly down to $130 which is the measured move of the M pattern. If $SOL can continue this relatively recent uptrend, making a local higher high above $188, also key resistance, this would augur well for a potential return to the January all-time high. However, with seemingly endless selling pressure coming from Binance, via Wintermute, a subjugation of the price is still ongoing. $ETH or $SOL going into Q3? Source: TradingView Especially given Ethereum’s bounce from the bottom, traders and investors may be eyeing the second biggest cryptocurrency by market capitalization as a decent position to take for the rest of this bull market. Solana also bounced a similar amount from its bottom, but the SOL/USDT chart does not look as good as it does for ETH/USDT. The weekly SOL/ETH chart above shows the general uptrend for $SOL over $ETH. Nevertheless, $SOL has fallen through the ascending trendline and is perhaps now seeing a hold above the 0.059 ETH support level. Also, unless $SOL falls below the next major support at 0.055 ETH, and makes a lower low, the trend is still up. The Stochastic RSI indicators on this high time frame are coming to the bottom. Once they turn back up, the momentum should swing back to $SOL. With this in mind, the possibilities are that $SOL moves back into the ascendency into Q3. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
The post The Root Network Price Soars 101%: Is ROOT Still a Good Buy? appeared first on Coinpedia Fintech News ROOT is rapidly gaining momentum across crypto aggregators, signaling growing investor interest and strong bullish sentiment. The Root Network, a next-generation Layer 1 blockchain built for the open metaverse, is drawing attention for its seamless user experience and integration with major networks like XRPL and Ethereum. Backed by Futureverse, ROOT’s ecosystem is becoming increasingly robust. Over the past 24 hours, its trading volume has surged by more than 800%, while the price has jumped 101%. Enthusiasts and traders alike are eyeing ROOT as a potential top gainer. This price analysis is thoughtfully calculated by our expert panel for potential short term price targets. The Root Network (ROOT) Price Analysis: ROOT price has surged over 101% in the past 24 hours, climbing from an intraday low of $0.003752. The price is currently consolidating around $0.007890 after a parabolic rally, supported by a strong 831% surge in volume, suggesting buyer conviction. The RSI at 65.76 sits just below overbought territory, while the 9-period SMA trend remains upward. This setup hints at a potential bullish flag pattern forming. Successively, if the ROOT price holds above $0.007, it could retest $0.0095–$0.01, with key support at $0.0063. FAQs What is ROOT price today? The ROOT crypto price today is up 101.36% at $0.007890. What’s driving ROOT’s recent price surge? ROOT’s 101% daily gain is driven by surging interest in its metaverse-focused Layer 1 blockchain, massive volume increase, and strong community momentum. Is ROOT overbought right now? The RSI is at 65.76, just below the overbought region, indicating there’s still room for upside before a major pullback.
Hyperliquid founder Jeff Yan challenges CZ's dark pool proposal as HYPE surges after Binance listing.
According to a recent video by angel investor and crypto influencer Armando Pantoja, many XRP holders feel stuck as rival coins keep climbing. He pointed out that focusing only on getting XRP to $10,000 misses the point. Instead, he urged people to look at returns and real uses. This shift in perspective could change how investors see the token’s potential. Related Reading: Pepe Makes It To Trump’s Feed—Is A Crypto Endorsement Next? Emphasis On ROI Based on reports, Pantoja noted that wanting XRP at $10,000 is unrealistic. He said you can get the same gains without waiting for that sky-high price. For example, Bitcoin would need to hit over $300,000 to triple your stake if you bought it at today’s levels. But XRP only needs to reach about $8 from its current trading price near $2.30 to yield the same ROI. That’s a big gap. If you bought XRP at $2.30, a move to $8 feels more achievable—for some, at least. While Bitcoin’s market cap towers over others, XRP’s total value is around 7% of that of Bitcoin’s. This smaller size means it could swing more on positive news. Should I sell all my $XRP for $BTC Just got back from #bitcoinconference2025 pic.twitter.com/CobVAasjbC — Armando Pantoja (@_TallGuyTycoon) May 30, 2025 Comparing Market Caps And Gains Bitcoin recently touched a new all-time high near $112,000. Meanwhile, XRP held around $2.30 in value. Investors pointed to this gap as proof that XRP had no momentum. But Pantoja reminded his audience that XRP climbed over 300% over the past year, while Bitcoin rose by 50% over the same period. Those figures show that past performance for XRP has outpaced Bitcoin’s in percentage terms. This is based on reports that track prices from June last year to now. Still, the wider market’s focus tends to follow Bitcoin’s chart. When BTC booms, altcoins often run too. But sometimes they trail behind or fall back harder. XRP’s Payment Use Case Based on reports around its network, XRP stands out for speed and cost. It can settle a payment in a matter of seconds and handle up to 1,500 transactions per second. That’s fast, especially when compared to the SWIFT network used by banks. Fees are low enough that moving funds across borders can cost mere pennies. Pantoja said this real-world utility is more valuable than hype. He urged investors to think about banks or money-service companies adopting XRP for cross-border transfers. Such adoption could drive demand more than price rumors ever will. Related Reading: Bitcoin Maxi Max Keiser Isn’t Buying The Hype Around New Crypto Holding Companies Investor Perspective And Risks Meanwhile, investors shouldn’t ignore risks. XRP still faces a legal fight with the US Securities and Exchange Commission. That uncertainty has made many traders wary. Bigger players in finance tend to wait until the case wraps up before making big moves. Featured image from Unsplash, chart from TradingView
BitcoinWorld Shocking Coinbase Data Breach: Customer Data Compromised Since January Alarming news surfaces regarding the security of one of the world’s largest cryptocurrency exchanges. A significant Coinbase data breach reportedly occurred much earlier than previously disclosed, raising serious questions about transparency and customer protection in the crypto space. When Did Coinbase Know About the Data Breach? According to a Reuters report, citing sources familiar with the situation, crypto exchange Coinbase was allegedly informed about a leak of its Coinbase customer data as far back as January. This timeline is significantly earlier than the exchange’s public disclosures suggested. The incident reportedly involved an employee of TaskUs, a U.S.-based outsourcing firm that provides services for Coinbase. The employee, based in India, is suspected of secretly filming their work computer screen and subsequently providing customer information to hackers in exchange for payments. This discovery was reportedly communicated to Coinbase immediately upon detection. In response to the incident, Coinbase has since terminated the employment of hundreds of individuals believed to be connected to the security lapse. Understanding the Discrepancy: January Awareness vs. May Disclosure Coinbase’s own filings offer a different perspective on the timeline, at least in terms of the perceived scope of the issue. In a disclosure submitted to the U.S. Securities and Exchange Commission (SEC) in May, Coinbase acknowledged awareness of contractors accessing employee data “without business need” in recent months. However, Coinbase’s filing indicated that the exchange did not recognize this activity as part of a larger, coordinated hack until it received an extortion demand on May 11. This creates a notable gap between the reported January awareness of a specific data leak involving an outsourcing partner and the May date when the company acknowledged a broader hack linked to an extortion attempt. This discrepancy highlights the challenges large organizations face in identifying isolated security incidents versus recognizing a systemic compromise. It also raises questions about reporting protocols and the threshold for public or regulatory disclosure when potential Coinbase security vulnerabilities are identified through third parties. The Risks of Outsourcing for Crypto Exchange Security The incident underscores the inherent risks associated with outsourcing sensitive operations, particularly for platforms handling valuable digital assets and confidential Coinbase customer data . While outsourcing can offer cost efficiencies and scalability, it introduces external vectors for potential security breaches. Ensuring robust crypto exchange security requires extending stringent security protocols and oversight to third-party vendors and their employees who handle sensitive data. This includes comprehensive background checks, strict access controls, continuous monitoring, and clear protocols for reporting and responding to security incidents. The alleged TaskUs data leak serves as a stark reminder that the security perimeter of a major financial platform is only as strong as its weakest link, which can often reside within its network of service providers. What Does This Mean for Coinbase Users? For users, news of a data breach involving an outsourcing partner can be unsettling. While the full extent of the compromised data and the number of affected users are not explicitly detailed in the initial reports, any leak of customer information is a serious concern. Users should remain vigilant about potential phishing attempts or suspicious communications that might leverage leaked information. It is always recommended practice to enable strong security measures on your Coinbase account, including two-factor authentication (2FA), using strong, unique passwords, and being cautious of unsolicited requests for personal information. This event also puts pressure on Coinbase to provide clearer communication to its users about the incident, the data potentially affected, and the steps being taken to mitigate risks and prevent future occurrences. Conclusion: A Challenge for Trust in Crypto The report that Coinbase was aware of a data leak involving Coinbase customer data through an outsourcing firm employee as early as January, contrasting with their later public disclosures, presents a significant challenge for the exchange’s reputation and user trust. It highlights the complexities of maintaining robust crypto exchange security in a distributed operational model and the critical importance of timely and transparent communication regarding security incidents. While Coinbase has taken steps like terminating employees, the timeline of awareness versus disclosure will likely be a subject of continued scrutiny by regulators and the public. This incident serves as a vital case study for the entire cryptocurrency industry on the essential need for ironclad security protocols that extend to all third parties handling sensitive information. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption. This post Shocking Coinbase Data Breach: Customer Data Compromised Since January first appeared on BitcoinWorld and is written by Editorial Team
This content is provided by a sponsor. The crypto market is buzzing! Ethereum has seen a nearly 5% price increase over the past 24 hours, while Pepe Coin has skyrocketed by an impressive 8%. These surges are reigniting conversations around blockchain technology and DeFi innovations. But what’s next? Let’s talk about how projects like Lightchain