The crypto market on June 4, 2025, showed cautious dynamics, with Bitcoin holding steady and meme coins like $TRUMP grabbing headlines. Here’s a concise recap of the crypto market’s hottest updates.
Headlines Driving the Crypto Market
The crypto market is shaking because:
- Bitcoin Stability and ETF Inflows: Bitcoin traded around $105,310, slightly down from its all-time high of $108,135 in December 2024. The crypto market saw robust institutional interest, with $375.1 million flowing into Bitcoin spot ETFs on June 3, led by:
- BlackRock (IBIT): $58 million
- Fidelity (FBTC): $136.8 million
- Ark Invest (ARKB): $139.9 million
- Bitwise (BITB): $14.5 million.
- Fear & Greed Index dropping to 60 (neutral) from 74.
- $TRUMP Meme Coin in the Spotlight: The $TRUMP meme coin, linked to Donald Trump’s crypto ventures, dominated discussions. Key updates include:
- Donald Trump Jr.’s Denial: Trump Jr. distanced himself from $TRUMP, despite its $3 billion market cap and $320 million in transaction fees for Trump-linked firms since January 2025.
- Magic Eden Wallet Controversy: Magic Eden announced a $TRUMP wallet with potential 1 million $TRUMP rewards, but the Trump team refuted involvement, sparking debates on X.
- Trump Media’s Bitcoin Push: Trump Media and Technology Group plans to raise $2.5 billion to invest in Bitcoin, with Anchorage Digital and Crypto.com providing custody.
Meme Coin Highlights
Meme coins are always catching the crypto headlines. The following meme coins are making moves:
- $AOKUMA: created by Arya Mularama, a Jakarta-based surrealist artist whose contemplative work is influenced by 90s comics, skateboarding culture, and existentialism.
- $Intempus: plans to finance Teddy Warner’s Intempus initiative, which deals with emotionally intelligent robots.
- $BALL: POWERBALL pioneers on-chain lottery Gaming on Solana
- $BOB: Build On BNB increased 63.52% past 24h
- $ZEUS: went up 18.21% past 24h
- $TROLL: gaining traction on X with over 17,000 holders
The crypto market remains cautious, with high leverage ($37 billion in Bitcoin open interest) signaling volatility risks. Investors are eyeing the data, which could sway prices.
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