The Daily Drip

June 04, 2025

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🩵 The Daily Drip

Tuesday, June 4, 2025
Delivering concise and insightful crypto updates every day.

🧠 Top Story

Bitcoin Dominance Hits 3-Year High
BTC’s dominance surged past 56%, its highest level since April 2021, as investors rotate back to majors amid ETF inflows and macro uncertainty. This comes on the heels of a fresh $355M in weekly BTC ETF inflows, with BlackRock’s IBIT leading the charge.

📊 Market Snapshot

Asset

Price

24h %

7d %

YTD %

Market Cap

🟠 BTC

$105,252

🔻 0.7%

🔼 3.2%

🔼 11.5%

$2.07T

🔵 ETH

$2,642.75

🔼 0.8%

🔼 4.5%

🔻 20.0%

$317B

🟣 SOL

$156.11

🔻 3.2%

🔼 9.9%

🔻 17.5%

$67.2B

⚫ USDT

$1.00

↔️ 0.0%

↔️ 0.0%

↔️ 0.0%

$112.4B

🟢 XRP

$2.23

🔻 0.9%

🔼 1.4%

🔻 26.6%

$29.1B

🔶 DOGE

$0.191

🔻 2.7%

🔼 4.1%

🔻 37.2%

$23.2B

🔷 TON

$1.14

🔻 1.7%

🔼 6.5%

🔻 31.5%

$23.6B

⚪ ADA

$0.680

🔻 1.4%

🔼 3.8%

🔻 47.0%

$16.9B

🟤 AVAX

$20.90

🔻 2.6%

🔼 6.7%

🔻 11.4%

$14.1B

🧊 LINK

$14.03

🔻 2.4%

🔼 7.2%

🔻 9.3%

$10.5B

📊 S&P Cryptocurrency Broad Digital Market Index (SPCBDM): 5,679.92 (YTD: 🔻 -1.71%)
💰 Total Market Cap: $2.68T
 📈 Crypto Fear & Greed Index: 77 (Extreme Greed)

🔍 Market Insights

  • 💼 Bitcoin ETF Momentum: U.S.-listed spot BTC ETFs pulled in $355M last week, with BlackRock’s IBIT seeing its third-highest inflow day ever on Monday.

  • 🛢️ Macro Pressure Eases: Lower-than-expected job openings data cooled Fed rate hike fears, sparking broader market rallies that bled into crypto.

  • 🧪 ETH Staking Surge: More than 33 million ETH are now staked, representing over 27% of circulating supply — a new all-time high.

  • 🔄 Altcoin Rotation: Traders are rotating into mid-cap alts like LINK, AVAX, and GRT, all seeing double-digit gains over the past 7 days.

📈 Technical Analysis

Here are 3 coins flashing bullish setups:

  • LINK/USDT: Broke out above long-term descending resistance with rising volume. Eyes $20 if momentum holds.

  • SOL/USDT: Cup-and-handle pattern forming on the daily. Confirmation above $175 could trigger breakout.

  • AVAX/USDT: 3-day golden cross confirmed. MACD flips bullish with RSI in neutral zone — short-term target $42.

This is not investment advice. Do your own research before making trading decisions.

🏛️ Regulatory Updates

  • 🇨🇦 Canada: Regulators approved the first Solana ETF globally. CI Global Asset Management will launch the product on the Toronto Stock Exchange next week.

  • 🇪🇺 EU: MiCA stablecoin rules officially take effect on June 30. Circle confirmed full compliance for EU-issued USDC ahead of deadline.

  • 🇧🇷 Brazil: The central bank is accelerating its CBDC pilot after successful integrations with major private banks. Launch expected by late 2025.

  • 🇦🇺 Australia: ASIC launched a new consultation on staking services, signaling stricter guidance is coming for custodians and exchanges.

📅 Upcoming Events

  • June 5: ARK Invest + 21Shares BTC ETF semi-monthly inflow report

  • June 7: U.S. Non-Farm Payrolls – Key macro trigger

  • June 15: Ethereum Pectra upgrade devnet launch window

💬 Community Check-In

🗳️ Poll: Should H2cryptO add staking for ETH and SOL?
Vote here ➝

🙋‍♂️ Ask Atlas: Got a crypto question?
Submit here ➝

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*Not investment advice.