Crypto-Price-TodaywwvbbnnBitcoin, Ethereum Resilient Despite China Ban and Global Tensions

 

The cryptocurrency market opened this month with a mix of optimism and caution. Bitcoin remains steady above $104,000, while Ethereum holds firm around $2,500. Trading activity has picked up again, and both retail and institutional investors are paying close attention to developments in regulations, technology upgrades, and global events. 

Let’s take a look at how the major cryptocurrencies are performing today, what's moving the market, and what analysts are predicting. 

 

Bitcoin (BTC) Price Today 

 

Bitcoin is trading just above $104,000, after ending May with its highest monthly closing price ever, around $104,591. This shows that many investors still believe in Bitcoin’s long-term value, especially after months of steady gains. 

Throughout the day, Bitcoin has stayed between $103,900 and $105,800. While the price isn’t jumping as sharply as it did earlier this year, it’s showing strength and stability. 

However, some experts believe Bitcoin may face short-term resistance around the $105,000–$106,000 level. This means the price might pause or dip slightly before attempting another strong move upward. Traders are watching closely to see if the market will take a breather or start a fresh rally. 

 

Ethereum (ETH) Price Today 

 

Ethereum began the day below $2,500 but quickly climbed back to around $2,538 by the afternoon. This movement shows a healthy recovery and suggests that Ethereum has strong support from buyers. 

From a technical point of view, Ethereum looks ready to move higher. If it can push above $2,700 and stay there, the next big level to watch is around $2,900. If Ethereum crosses that, it could open the door to a rally toward $3,000 and beyond. 

Investors are also hopeful because Ethereum’s recent blockchain upgrade, known as "Pectra," has made the network faster and more efficient. This makes Ethereum more attractive to developers and users, which helps its long-term value. 

 

ETFs Fuel Institutional Investment 

 

Exchange-Traded Funds (ETFs) allow investors to buy cryptocurrencies like Bitcoin and Ethereum without directly owning them. These ETFs are available on stock markets, which makes them easier for traditional investors to access. 

In May 2025, Ethereum ETFs attracted around $286 million in investment. This is a strong sign that large investors, like banks and asset managers, are becoming more interested in Ethereum. Bitcoin ETFs had a similar impact earlier, and now Ethereum is getting the same attention. 

Many analysts believe that ETFs will continue to bring more money into the crypto space, helping both Bitcoin and Ethereum maintain upward momentum. 

 

Rising Market Activity and Whale Movement 

 

Trading volumes for both Bitcoin and Ethereum have increased. On June 1, Bitcoin saw nearly $25 billion in daily trading volume, while Ethereum reached around $12 billion. This uptick shows that more people are buying, selling, and trading crypto again. 

Another interesting trend is the behavior of “whales.” These are large holders of cryptocurrency who can influence the market. Whales have been moving their Bitcoin and Ethereum into private wallets, which often means they plan to hold rather than sell. This reduces the amount of crypto available on exchanges, which can drive prices higher if demand continues to rise. 

Also, popular technical indicators like the Relative Strength Index (RSI) suggest that Bitcoin and Ethereum have room to grow before becoming “overbought.” That means current price levels are not yet too high compared to recent trends. 

 

Key News Shaping the Market 

 

Regulatory Progress 

 

In the U.S., several positive developments are supporting the crypto market. The Securities and Exchange Commission (SEC) recently closed its case against Binance, which brought relief to the broader market. At the same time, new laws are being discussed in Congress to give clearer rules for crypto trading and investment. 

In the UK, major trading platforms are beginning to offer crypto to regular investors. This shows growing confidence in digital assets and encourages more people to enter the market. 

 

Global Politics and Crypto 

 

Recent events in China have added some uncertainty. The country announced a fresh ban on Bitcoin trading and mining. As a result, global crypto prices dropped by about 10% in a short period. While the market has started to recover, investors remain cautious about further moves from China. 

In the U.S., political support for cryptocurrency is also making headlines. During a recent conference in Las Vegas, government officials spoke about creating a national Bitcoin reserve and supporting stablecoin development. This kind of political backing helps boost confidence in the future of crypto. 

 

Altcoins: Winners and Losers 

 

Ethereum remains one of the top-performing altcoins due to its strong upgrade roadmap and wide adoption. However, other tokens are experiencing mixed results: 

XRP has dropped by about 34% from its January highs. It’s currently trading near $2.18 and could recover if broader market conditions improve. 

Smaller coins and meme tokens like “Bro Bear Rune” have seen sudden gains but also face high risks. These coins often rise fast but also fall quickly, making them risky for everyday investors. 

 

Risks to Watch 

 

Here are a few things that could cause the crypto market to pull back: 

Economic uncertainty: Rising inflation, interest rate changes, or a global recession could lead investors to pull back from risky assets like crypto. 

Regulatory challenges: More bans or strict regulations from major countries could harm the market. 

Technical weakness: If Bitcoin falls below key levels like $103,000 or if Ethereum drops under $2,400, it might lead to short-term selling. 

Volatile altcoins: Investing in newer or lesser-known cryptocurrencies carries the risk of sharp losses due to rapid price changes. 

 

Final Thoughts 

 

The crypto market is showing signs of stability, with both Bitcoin and Ethereum maintaining strong positions. Ethereum is benefiting from technology upgrades and new investment products like ETFs, while Bitcoin continues to lead the market with strong investor demand. 

At the same time, global news and political decisions continue to influence the market. While the outlook for June remains mostly positive, investors should stay aware of risks and watch price levels closely. 

In the days ahead, the market will respond to more economic reports, ETF updates, and regulatory announcements—all of which could shape the next big move in crypto prices.