Market Overview
On June 2, 2025, Bitcoin surged past the $105,000 mark fueled by robust institutional demand before settling around $104,052, a modest 0.3% dip from its intraday peak. Ethereum held steady, adding roughly 0.1% as investors eyed broader market signals. Leading altcoins also saw gains: XRP climbed 0.5%, Solana advanced 1.3%, and Dogecoin edged higher by 0.7%.
Crypto Market Sentiment
As of June 3, 2025, the cryptocurrency market exhibits a cautiously optimistic sentiment. The Crypto Fear & Greed Index stands at 64, indicating a 'Greed' level, reflecting increased investor confidence.
Key Developments
1. Institutional Bitcoin Accumulation Continues
MicroStrategy extended its long-term Bitcoin accumulation strategy, purchasing 705 BTC between May 26 and June 1 at an average price of $106,495 per coin. These acquisitions bring the firm’s total holdings to 580,955 BTC, underscoring sustained corporate bullishness despite market volatility.
2. Market Eyes Federal Reserve Signals
With cryptocurrency prices swinging on macroeconomic data, investors closely monitored potential policy hints from the U.S. Federal Reserve. Reuters analysts noted that Fed guidance on interest rates and inflation would likely dictate near-term crypto flows, reinforcing Bitcoin’s sensitivity to traditional financial cues.
3. Political Backing at Las Vegas Conference
Pro-crypto sentiment received a boost as Vice President JD Vance reiterated the White House’s support for digital assets during a keynote at a Las Vegas conference. Vance emphasized the administration’s goal of making the U.S. the “crypto capital of the world,” which helped stabilize prices amid escalating trade tensions.
4. U.S.–China Trade Tensions Influence Price Action
Renewed U.S.–China trade disputes played into crypto’s dual narrative: as a safe-haven and a risk-on asset. Bitcoin’s brief retreat from $105,000 to $104,052 illustrated how geopolitical friction can trigger both buying and profit-taking. 
Outlook
As the Crypto Summit approaches and the Fed prepares to release key economic projections, market participants remain balanced between optimism and caution. Bitcoin’s ability to hold above $104,000 suggests solid support, while Ethereum’s marginal gains point to resilience in the altcoin sector. Heading into June 3, traders will monitor Fed commentary and any fresh regulatory updates, which could set the tone for crypto price trajectories in the coming week.
