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Heres What Happened to BTC, ETH, XRP Price...

Heres What Happened to BTC, ETH, XRP Price... WikiBit 2025-06-07 18:53

Crypto Market in Focus as Bitcoin Eyes Key LevelsThe first week of June 2025 has brought mixed signals for crypto investors. While market leaders like

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. Lets dive into the latest performance stats and headlines that are shaping this week in crypto.

Bitcoin (BTC) Reclaims Strength Above $104K

  • Current Price: $104,928.63
  • Weekly Performance: +1.35%

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.

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Ethereum (ETH): Slow But Steady Climb

  • Current Price: $2,488.17
  • Weekly Performance: +1.49%

ETH has shown resilience after dropping below $2,500 last week. With recent institutional buys—such as BlackRocks $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.

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XRP Hits $2.18 Amid Bullish Momentum

  • Current Price: $2.18
  • Weekly Performance: +1.81%

XRP has rebounded sharply and is now eyeing higher levels, supported by growing utility and speculation around new partnerships. XRPs market cap now exceeds $128 billion, with solid 24-hour volume pushing it toward the $2.44 Fibonacci level.

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Market Movers: Dogecoin & TRON Outperform

  • DOGE surged by 5.13% over the last 24 hours, now trading at $0.1853.
  • TRX gained 4.03% over the week, reflecting solid on-chain activity and adoption.
  • Other notable performers include Solana (SOL) with +2.40% and Cardano (ADA) with a 3.42% daily rise.

Elon and Trump Clash Sends Bitcoin Down

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.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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