Crypto Price Today: Bitcoin Slips to $104K, Ethereum at $2.5K

Crypto markets stay volatile as Bitcoin hovers near $104K and Ethereum around $2.5K 

The global cryptocurrency market remains active and volatile, reflecting a mixture of gains and corrections influenced by various economic, political, and financial developments. The prices of major cryptocurrencies like Bitcoin and Ethereum have seen significant movement over recent weeks. The current price levels suggest that while the market remains strong, caution among traders and investors is increasing. 

 
Current Price Update 

As of today: 

Bitcoin (BTC) is trading around $104,200. This represents a drop of about 3% from the previous day’s close. The price has ranged between $103,081 and $108,376 in intraday trading. 

Ethereum (ETH) is priced at approximately $2,514, showing a decline of nearly 8.8% in one day. The price has moved between $2,466 and $2,774 throughout the day. 

Both Bitcoin and Ethereum experienced a significant rally in May but are now witnessing some correction as markets absorb recent gains.

The May Rally: A Strong Start 

In May 2025, the crypto market showed remarkable strength. The global crypto market increased by around 10.3%, pushing several major coins close to their record highs. Bitcoin approached $112,000, which is very near its historical peak. Ethereum saw even stronger performance, climbing over 35% for the month. 

The rally was driven by strong demand from both retail and institutional investors. Large investments flowed into cryptocurrency ETFs (exchange-traded funds), particularly those focused on Bitcoin and Ethereum. This surge in institutional interest provided solid support to crypto prices. 

Additionally, the revival of NFTs (Non-Fungible Tokens) and increased adoption of blockchain technology across industries contributed to the positive sentiment.

The June Correction: A Pause in the Rally 

As the market entered June, a correction set in, leading to a pullback in prices: 

Concerns about inflation and weaker global economic data have impacted overall risk sentiment, which in turn affects cryptocurrencies. 

Recent U.S. inflation data suggested that inflation remains sticky, reducing expectations of quick interest rate cuts by the Federal Reserve. 

Geopolitical tensions, particularly in the Middle East and global trade disputes, have added further pressure on investor confidence. 

As a result, Bitcoin’s price fell from about $107,500 to around $104,000, while Ethereum dropped from approximately $2,749 to $2,514. Altcoins have also faced similar declines, with several falling by more than 6% over the past week. 

Despite the correction, many analysts see this as a healthy consolidation rather than the start of a prolonged decline.

Key Factors Driving the Market 

Inflation and Federal Reserve Policies 

The U.S. inflation rate remains a key factor for cryptocurrency prices. Softer inflation readings could pave the way for the Federal Reserve to ease interest rates. Lower interest rates generally benefit riskier assets like cryptocurrencies by making alternative investments less attractive. 

However, if inflation remains high, the Federal Reserve may keep rates elevated, limiting upside potential for the crypto market.

Supply and Demand Dynamics 

Bitcoin has maintained prices above $100,000 for several weeks, signaling strong support at this level. Technical analysis indicates that Bitcoin faces resistance around $110,000 to $112,000. If it can break through this range, further gains may follow. Ethereum is experiencing similar technical patterns, with strong support around $2,400 and resistance near $2,700. 

Institutional Investment 

The growing presence of institutional investors continues to support the market. Bitcoin ETFs now hold over $132 billion in assets. Ethereum ETFs have also attracted significant investment. These funds make it easier for traditional investors to gain exposure to cryptocurrencies, increasing liquidity and market stability. 

Geopolitical Risks 

Ongoing global tensions, such as conflicts in the Middle East and trade issues between major economies, are contributing to increased market volatility. While cryptocurrencies are sometimes seen as safe havens, extreme geopolitical risks can still shake investor confidence and trigger short-term selloffs. 

Regulatory Developments 

New crypto regulations are emerging in several countries. In the United States, exchanges like Coinbase are expanding their offerings while remaining compliant with regulatory bodies. Legislation aimed at providing clarity for stablecoins, decentralized finance (DeFi), and other blockchain innovations is progressing. Clear regulations can help boost investor confidence, but may also impose limitations on certain parts of the market.

Market Outlook 

Bitcoin 

Positive Scenario: If inflation data continues to cool and the Federal Reserve shifts toward easing monetary policy, Bitcoin may retest its previous highs around $112,000. Some optimistic forecasts even point to targets as high as $120,000 or $125,000 in the near term. 

Negative Scenario: Should inflation rise unexpectedly or the Federal Reserve adopt a more aggressive stance, Bitcoin may fall below the key support level of $100,000. 

Ethereum 

Positive Scenario: Ethereum is expected to break through the $2,700 resistance level if market conditions improve. This could lead to targets around $2,800 or $2,900. 

Negative Scenario: Continued market uncertainty or technical issues on the Ethereum network may keep prices in the $2,400 to $2,700 range. 

Altcoins

The broader altcoin market is likely to follow the trends set by Bitcoin and Ethereum. Tokens with strong utility, high user adoption, or links to new technological developments may outperform the general market during the next bullish phase. 

 
Broader Crypto Trends 

Institutional Growth 

Crypto hedge funds have recorded strong performances in recent months. For example, Tephra Digital posted an 11% gain in May. Growing trust from traditional financial institutions is contributing to crypto’s shift into the mainstream investment world.

Market Infrastructure Expansion 

The introduction of regulated crypto futures and derivative products in the U.S. reflects the growing maturity of the market. Companies are expanding their product offerings in compliance with government regulations, providing greater stability and transparency. 

Legislative Progress 

Several new bills are being debated to define regulatory frameworks for stablecoins and DeFi platforms. These regulations are expected to provide more security to investors while promoting innovation in the sector. 

Risks and Challenges

Despite the positive developments, several risks remain that could impact the crypto market: 

Macroeconomic Surprises: Unexpected increases in inflation or stronger-than-expected economic growth could reduce the likelihood of interest rate cuts, pressuring crypto prices. 

Geopolitical Tensions: Escalating global conflicts may cause sudden market shocks. 

Regulatory Hurdles: Overly strict regulations or misinterpretation of new rules could hamper innovation and market growth. 

Technical Volatility: Quick price increases may be followed by profit-taking, leading to sharp corrections. 

Summary Table 

Final Thoughts 

The cryptocurrency market remains dynamic, balancing optimism from recent gains with caution over potential headwinds. While the May rally demonstrated strong institutional and retail interest, the June correction serves as a reminder that volatility remains a core feature of crypto markets. 

The short-term direction will likely depend on upcoming economic data, Federal Reserve policy moves, and the resolution of global geopolitical tensions. Long-term, growing institutional participation, improving infrastructure, and clearer regulations offer a strong foundation for sustained growth. 

Cryptocurrencies continue to evolve from speculative assets into an established component of the global financial system. While risks remain, current trends suggest that the market retains upside potential, particularly if macroeconomic and policy conditions remain supportive.