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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.