The crypto market recap experienced a dynamic 24 hours ending at 9:20 AM (+07) on June 3, 2025, marked by modest price fluctuations, regulatory developments, and anticipation. With a total market capitalization of $3.29 trillion, down 0.18%, and trading volume surging 17% to $102 billion, the crypto market remains vibrant yet cautious.
Crypto Market Recap
- Bitcoin ($BTC): Trading at $105,651, BTC gained 0.93% but faces potential correction risks due to an overheated market, as warned by CryptoQuant. Resistance looms at $120,000.
- Altcoins: Ethereum ($ETH) dipped 0.9% to $2,578, holding key support, while XRP fell 1.1% to $2.29, consolidating in a tight range. Solana ($SOL) and Dogecoin ($DOGE) saw sharper declines of 10.5% and 14.6%, respectively, reflecting memecoin volatility.
- Stablecoins: Dominating 95.35% of trading volume ($97.26 billion), USDT and USDC remained stable, underscoring their role in the crypto market.
- TVL Trends: Total value locked dropped by $5.44 billion, with outflows from Solana (-9%), Bitcoin (-5.1%), and Ethereum (-1.6%). Emerging chains like Hyperliquid (+9%) and Sui (+6.5%) bucked the trend.
Regulatory and Macro Developments
- Singapore Crackdown: The Monetary Authority of Singapore mandated crypto firms to halt overseas operations by June 30, 2025, with penalties up to SGD 200,000 or three years in jail, impacting global sentiment.
- U.S.-China Tensions: Failed trade talks in Switzerland, with China accusing the U.S. of breaking consensus, pressured risk assets, including the crypto market.
Meme Coin Highlights
- $TURTLE: TURTLE NECK touted as the “OG turtle meme,” is gambling on the successful “animal meta” trend.
- $KTA: Keeta has surpassed the $1 billion market cap, is still going strong with a total trading volume of $9.2 million as of June 03, 2025.
- $NOFACE: No face takes its cue from the old “no face” avatar, the generic profile picture familiar to anyone who’s hung out on pre-Internet social media or online forums.
- $GASS: Gasspas hit a new ATH of $10.84 million from $1.8 million, with $5.0 million trading volume, amid Matt Furie’s upcoming book buzz.
- $BOB: Build On BNB reaches new ATH of $37.3M after Tutorial ($TUT) shoutout.
Sentiment and Outlook
The Fear & Greed Index at 64 (Greed) reflects cautious optimism. Elon Musk’s announcement of XChat’s “Bitcoin-style” encryption added intrigue, potentially lifting privacy-focused projects. However, the crypto market faces headwinds from memecoin sell-offs and macro uncertainties.
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