As of June 4, 2025, the global cryptocurrency market exhibits cautious optimism, with a total market capitalization of approximately $3.33 trillion, reflecting a 0.4% increase over the last 24 hours. This uptick occurs amid ongoing macroeconomic uncertainties and investor anticipation of key economic indicators. Market participants are closely monitoring Bitcoin and Ethereum for cues on the market's next directional move.
Bitcoin (BTC) is currently trading at approximately $105,516, marking a modest 0.25% increase over the past 24 hours. The cryptocurrency has consistently maintained its position above the critical psychological support level of $100,000, demonstrating resilience amid market fluctuations.
This stability is bolstered by strong institutional demand, including a recent acquisition.
Analysts note that Bitcoin's consolidation below the $106,800 resistance level could signal the start of a broader accumulation phase. Should the price breach this resistance, it may accelerate toward $110,000, supported by strong on-chain metrics such as rising hash rate and declining exchange reserves, suggesting reduced selling pressure.
Ethereum (ETH) is trading at approximately $2,626, reflecting a 1.17% increase in the past 24 hours. The asset is currently grappling with resistance between $2,660 and $2,725, with bulls aiming for a breakout above $2,725.
This upward movement is fueled by strong fundamentals, including expanding developer activity on the Ethereum mainnet and surging adoption of its Layer 2 solutions. Market analysts believe that a successful breach of current resistance could push ETH towards the $2,800 – $2,900 range in the short term.
Sui is trading at $3.27, down 0.73% over the past 24 hours. The token has been consolidating within a tight range, with some bullish accumulation detected at current levels. A breakout above the $3.50 resistance level could trigger renewed upside momentum, particularly as ecosystem developments and staking activity gain traction.
Hyperliquid is priced at $36.45, up by 1.76%. The token has seen consistent support around the $35 level, bolstered by its fast-growing Layer 2 architecture. Analysts note that institutional partnerships and increased DeFi activity on the Hyperliquid blockchain could act as catalysts for upward movement if broader market sentiment improves.
Polkadot is currently at $4.20, showing a 1.59% increase over the last 24 hours. The token has benefited from a surge in demand for decentralized oracles and renewed interest in DeFi protocols. A sustained break above $4.50, accompanied by increased volume, could pave the way for $5.00, supported by the growing adoption of Polkadot's services and governance upgrades.
XRP is trading at $2.24, with a 2.49% increase over the past 24 hours. The token is showing resilience despite market pressures and remains a top choice for cross-border transactions. If XRP can clear the $2.50 resistance, it may aim for $2.80. Investor sentiment is buoyed by ongoing network upgrades and the increasing adoption of XRP's payment solutions.
Toshi is priced at $0.0005594, up 0.50%. The token continues to experience high trading volumes and remains a favorite among retail investors. With new use cases emerging through community initiatives, TOSHI could gain interest if broader altcoin momentum resumes. Whale activity also indicates potential positioning for a rebound.
Dogecoin is trading at $0.1958, reflecting a 0.55% increase. DOGE continues to maintain strong community support and is gaining attention through celebrity endorsements and mainstream integrations. Its use as a tipping and payment currency remains strong, and any renewed hype or social media-driven rally could see the token retest the $0.21 – $0.25 range.
The crypto market remains in a state of alert anticipation, as traders look ahead to this week's key economic updates and potential guidance from the Federal Reserve. With inflation data, tech stock earnings, and interest rate expectations on deck, sentiment may swing rapidly based on macroeconomic cues. Market participants are particularly focused on the Fed's tone, which will influence both equity and crypto risk appetites. In the meantime, Bitcoin and Ethereum are holding firm as strategic hedges, while investors cautiously navigate altcoin opportunities.