Bitcoin Crawls Into Green Zone, But Ethereum, XRP, Dogecoin Struggle

Author: Khyathi Dalal | June 06, 2025 03:10pm

The cryptocurrency market is showing mixed signals to close the week. Bitcoin has edged back into the green, while major altcoins continue to struggle.

Cryptocurrency	Price	Gains +/-
Bitcoin (CRYPTO: BTC)	$104,572.38	+1.4%
Ethereum (CRYPTO: ETH)	$2,495.00	-3.3%
Solana (CRYPTO: SOL)	$148.95	-0.4%
XRP (CRYPTO: XRP)	$2.16	+0.3%
Dogecoin (CRYPTO: DOGE)	$0.1792	-0.05%
Shiba Inu (CRYPTO: SHIB)	$0.00001245	-1.1%

Notable Statistics:

• IntoTheBlock data shows large transaction volume decreasing by 3.6% and daily active addresses growing by 5.6%. Transactions greater than $100,000 are up from 11,237 to 11,851 in a single day. Exchanges netflows are down by 45.6%.
• Coinglass data reports 199,310 traders were liquidated in the past 24 hours for $850.45 million.

Notable Developments:

• Blockchain’s AWS Moment Is Coming, Says WisdomTree’s Jason Guthrie
• DOJ Seeks To Seize $7.7 Million In Bitcoin, Ethereum, NFTs Allegedly Laundered By North Korean IT Workers
• Trump-Musk Infight Sparks $50 Million ‘Kill Big Beautiful Bill’ Meme Coin, But On-Chain Experts Warn To Steer Clear Of It
• Bitcoin’s Moonshot: Can MicroStrategy And Coinbase Keep Riding The Crypto Wave?

Top Losers:

Cryptocurrency	Price	Gains +/-
Stacks (CRYPTO: STX)	$0.6320	-12.9%
Lido DAO (CRYPTO: LDO)	$0.7660	-8.6%
Celestia (CRYPTO: TIA)	$1.95	-7.1%

Trader Notes: Renowned analyst Byzantine General believes Bitcoin may be setting up a major bear trap, currently testing diagonal resistance.

He highlights that Friday's price action will be pivotal, a breakout could confirm the trap, while a rejection might reinforce bearish sentiment.

Crypto Caesar observed that Bitcoin has bounced cleanly from a previously marked support level, a positive sign, but warns that volatility is far from over as uncertainty lingers.

$BTC – #Bitcoin bounced exactly from our support level for now.

Be prepared for more volatile days. I don't know if the storm is really over now. pic.twitter.com/758dBdk5JA

— Crypto Caesar (@CryptoCaesarTA) June 6, 2025

Meanwhile, Rekt Capital sees the current retest holding, which he considers a short-term bullish signal, though he urges traders to wait for confirmation before acting decisively.

Daan Crypto Trades projects a ranging market in the coming weeks, following Bitcoin's strong start to the month. With BTC hovering near the mid-range and monthly open at $104,600, he outlines two key scenarios:

• Breakout above range highs → signals continuation of the uptrend, with new all-time highs on the table.
• Drop below ~$100,000 (Thursday's low) → confirms breakdown and likely extends weakness for another 1–2 weeks.

His base case is more sideways action, and he emphasizes caution to avoid getting caught in fakeouts.

Read Next: 

• 3 Ways How The Strategic Bitcoin Reserve Could Be Funded

Image: Shutterstock

Posted In: $BTC $DOGE $ETH $LDO $SHIB $SOL $STX $TIA $XRP BTC GBTC