Bitcoin, Ethereum, Dogecoin Continue Uptrend, XRP Surges Over 5%

Author: Khyathi Dalal | June 03, 2025 04:06pm

Major cryptocurrencies are extending their climb as Bitcoin firmly holds above the $106,000 mark.

The broader crypto market is showing signs of renewed confidence, supported by positive sentiment across the U.S., including California passing a Bitcoin payment bill.

Cryptocurrency	Price	Gains +/-
Bitcoin (CRYPTO: BTC)	$106,238.23	+1.8%
Ethereum (CRYPTO: ETH)	$2,626.27	+3.5%
Solana (CRYPTO: SOL)	$161.09	+5.7%
XRP (CRYPTO: XRP)	$2.26	+4.7%
Dogecoin (CRYPTO: DOGE)	$0.1969	+3.4%
Shiba Inu (CRYPTO: SHIB)	$0.00001324	+2.8%

Notable Statistics:

• IntoTheBlock data shows large transaction volume increasing by 72.1% and daily active addresses growing by 12.1%. Transactions greater than $100,000 are up from 7,642 to 11,499 in a single day. Exchanges netflows are down by 3,691%.
• Coinglass data reports 80,194 traders were liquidated in the past 24 hours for $208.47 million.
• Santiment data shows 151,820 wallets are holding between 10 to 10,000 Bitcoin. These key stakeholders have aggressively been accumulating over the past week.

Notable Developments:

• TRON Jumps After Sun’s Tweet, Network Volume Hits All-Time High
• Ripple’s Stablecoin RLUSD Gets Regulatory Nod In Dubai
• Donald Trump Jr. Says Crypto Was A Lifeline After Being Debanked: ‘We Got Into It Out Of Necessity’
• Ethereum Foundation Lays Off R&D Staff, Rebrands Division To Focus On Scaling, Data Availability And User Experience
• Robinhood Completes $200 Million Bitstamp Deal, Gains Access To 500K+ Crypto Users And $95 Million Revenue Stream
• Strategy Launches STRD Preferred Stock Offering 10% Yield

Top Losers:

Cryptocurrency	Price	Gains +/-
DeXe (CRYPTO: DEXE)	$8.96	-36.7%
Monero (CRYPTO: XMR)	$344.2	-3.4%
Flare (CRYPTO: FLR)	$0.01838	-2.4%

Trader Notes: Crypto trader CRG notes that Bitcoin is struggling to reclaim its previous range, suggesting a potential pause or retracement in momentum.

$BTC having a lil trouble breaking into prior range pic.twitter.com/nyZ0FK4x9w

— CRG (@MacroCRG) June 3, 2025

Meanwhile, Stockmoney Lizards remains optimistic, stating that Bitcoin is behaving as expected for a bull market, bouncing cleanly off support levels. The trader sees this as a healthy setup for a move much higher.

#Bitcoin – as expected in a bull market, we bounced right off this support level.

Bias confirmed.

We'll go much higher. https://t.co/eNcyw4WwNh pic.twitter.com/T7oNJI6PNj

— Stockmoney Lizards (@StockmoneyL) June 3, 2025

The Cryptomist also maintains a bullish outlook, identifying a possible falling wedge pattern, albeit speculative.

More concretely, the trader highlights a valid rising wedge in the mid-range and sets a revised target of $101,800, anticipating a breakout to $118,000–$120,000 afterward.

More Crypto Online views the current price action as a corrective rally, with upside potential. However, the analyst stresses the lack of structural confirmation for a lasting bottom.

For a more convincing bullish scenario, the current move would need to develop into a diagonal pattern or show a clear five-wave impulse upward, a key signal of a sustainable trend reversal.

Until then, caution is warranted as wave counts remain fluid during correction phases.

Read Next: 

• Bitcoin to $250K This Year? Why Arthur Hayes’ Forecast Aligns With Key On-Chain Metrics

Image: Shutterstock

Posted In: $BTC $DEXE $DOGE $ETH $FLR $SHIB $SOL $XMR $XRP