The cryptocurrency market opened June with mixed momentum as Bitcoin (BTC) slipped below the $103,000 threshold, while Ethereum (ETH) bounced back from a critical support level near $2,500. Global market uncertainty and anticipation around upcoming U.S. inflation data have injected caution into investor sentiment.
🟠 Bitcoin Falls to $103K Amid Inflation Worries
Bitcoin dropped as low as $103,823 during early U.S. trading hours—down 2% from its daily high of $105,876 and approximately 6.7% off its recent all-time high of $111,000 reached in late May.
Market analysts attribute this pullback to broader macroeconomic headwinds. With the U.S. Consumer Price Index (CPI) release scheduled for June 11, traders are adopting a “risk-off” posture. Any surprises in inflation data could directly affect Federal Reserve interest rate decisions and indirectly influence crypto markets.
🟢 Ethereum Rebounds from $2,500 Support
Ethereum defied broader weakness, rebounding from the $2,500 level to hit a daily high of $2,561. At press time, ETH is trading near $2,542, up 1.29% in the last 24 hours, according to CoinMarketCap.
The recovery highlights strong buying interest at support zones, though ETH remains well below its May peak of over $2,800.
🧊 Altcoins Move Sideways with Few Standouts
Major altcoins continue to trade with minimal traction:
- XRP: ~$2.30
- Solana (SOL): $153
- BNB, DOGE, ADA, TRX: Mostly flat
Notable outliers today:
- Monero (XMR) surged 8%
- SKY token jumped 7%
- HYPE rose 4%
Meanwhile, Raydium’s RAY dropped 6%, making it the day’s biggest loser, followed by VIRTUAL and XDC.
🌐 Crypto Market Snapshot
- Global Crypto Market Cap: $3.27 trillion
- 24-Hour Volume: $100.12 billion
- Most Watched Coins Today: BTC, ETH, XRP, SOL, COCORO
