Bitcoin

Crypto Price Today: Bitcoin Holds $105K, Ethereum Struggles at $2.6K as Altcoins Show Mixed Momentum

Bhavesh Maurya

Bitcoin Stays Resilient Below Key Level as Altcoins Swing with Market Mood

As of June 5, 2025, the global cryptocurrency market is going through cautious optimism. The total market capitalization now stands at approximately $3.3 trillion, representing a 0.78% decline over the past 24 hours. This modest pullback reflects broader investor hesitancy as markets brace for upcoming economic updates, particularly from the U.S. Federal Reserve. Traders remain alert to signals that could shift sentiment across both digital assets and traditional financial markets.

Bitcoin (BTC): Testing Resistance Amidst Low Volatility

Bitcoin is currently trading at approximately $105,175, experiencing a slight decline of 0.48% over the past 24 hours. The cryptocurrency continues to consolidate below the critical resistance level of $106,800, a zone it has tested multiple times without a decisive breakout. 

Analysts suggest that a sustained move above this resistance could propel BTC towards the $110,000 mark. However, the market is exhibiting historically low volatility, which, while attracting institutional investors seeking stability, poses challenges for traders relying on price swings.

Ethereum (ETH): Struggling to Break Through Supply Wall

Ethereum is trading at around $2,629, marking a marginal decrease of 0.1% in the last 24 hours. The asset is contending with a significant supply wall between $2,660 and $2,745, a range that has historically acted as a strong resistance. 

Despite multiple attempts, ETH has struggled to close convincingly above this zone. On a positive note, institutional demand for Ethereum is on the rise, with $321 million in fresh inflows into ether-linked investment products. Additionally, the amount of ETH held on centralized exchanges has dropped to a multi-year low, indicating a shift towards self-custody and accumulation.

Altcoins: Mixed Performance Amidst Market Consolidation

Solana (SOL)

Solana is currently priced at $153.81, experiencing a 1.91% decline over the past 24 hours. The token is trading near a key resistance level at $165. A breakout above this threshold could pave the way for a move towards the $179 – $195 range. Recent partnerships, such as the collaboration with Dubai's VARA, are bolstering Solana's ecosystem and may contribute to future price appreciation.

Avalanche (AVAX)

Avalanche is trading at approximately $20.27, down 5.59% over the last 24 hours. Despite the recent dip, analysts remain optimistic, forecasting a potential increase to $22.06 in June 2025. The growing adoption of Avalanche's services and upcoming governance upgrades are expected to support this bullish outlook.

Chainlink (LINK)

Chainlink is currently priced at $13.91, representing a 3.17% decrease over the past 24 hours. The token has been experiencing downward pressure, with analysts noting a potential decline to $13.76 in the near term. However, the increasing demand for decentralized oracles and Chainlink's integral role in DeFi protocols could provide a foundation for future recovery.

Tether (USDT)

Tether, the largest stablecoin by market cap, continues to play a crucial role in market liquidity and stability. While its price remains pegged near $1.00, USDT is being increasingly used in DeFi platforms and for cross-border payments. Recent improvements in transparency and reserve reporting have enhanced investor confidence, even as regulators continue to scrutinize stablecoin frameworks globally.

Memecoins: Volatility and Speculative Trading Persist

Shiba Inu (SHIB)

Shiba Inu is currently trading at $0.00001290, marking a 1.73% decrease over the past 24 hours. Analysts predict that SHIB could reach a peak price of $0.0000187 in June 2025, driven by community engagement and ongoing developments within the ecosystem.

Pepe Coin (PEPE)

Pepe Coin is currently trading at approximately $0.00001201, representing a 3.22% decrease over the last 24 hours. Despite recent gains, forecasts suggest a potential decrease to $0.00009559 in June 2025. The token's performance remains highly speculative, as it is influenced by market sentiment and social media trends.

Market Outlook: Anticipation Builds Ahead of Federal Reserve Meeting

The cryptocurrency market is in a state of heightened anticipation as investors await the upcoming Federal Reserve meeting scheduled for June 18, 2025. The Fed's guidance on interest rates and economic policy is expected to have significant implications for both equity and crypto markets. In the meantime, Bitcoin and Ethereum continue to serve as strategic hedges, while investors cautiously explore opportunities in altcoins and memecoins. The market's direction in the coming weeks will largely depend on macroeconomic cues and investor sentiment.