The first week of June 2025 has brought mixed signals for crypto investors. While market leaders like Bitcoin (BTC), Ethereum (ETH), and XRP are slowly gaining ground, macro-level events—including a heated clash between Elon Musk and Donald Trump—are stirring volatility. Let’s dive into the latest performance stats and headlines that are shaping this week in crypto.
Bitcoin continues to hover just under $105K, recovering from a minor dip earlier in the week. Despite macro pressure, BTC is holding its ground, supported by institutional buying and ETF inflows. The total market cap sits above $2 trillion, with 24-hour trading volume over $44 billion. Traders are closely watching the $107K resistance, which could signal a breakout—or a deeper pullback if it fails.
ETH has shown resilience after dropping below $2,500 last week. With recent institutional buys—such as BlackRock’s $34.7M Ethereum purchase on June 6—Ethereum continues to gain trust among traditional finance. If momentum holds, ETH could aim for $2,750, with $3,000 as the major psychological barrier for June.
XRP has rebounded sharply and is now eyeing higher levels, supported by growing utility and speculation around new partnerships. XRP's market cap now exceeds $128 billion, with solid 24-hour volume pushing it toward the $2.44 Fibonacci level.
In a surprising twist, Elon Musk and Donald Trump exchanged blows on X, sending shockwaves through the crypto market. The verbal clash reportedly triggered a sharp 3% market dip, with Bitcoin briefly falling to $102,000. Although BTC has since rebounded, the political tension adds uncertainty to an already fragile market.
📌 Read full article: BREAKING: Elon and Trump CLASH as Bitcoin Price Crash
