The Daily Drip

πŸ“° The Daily Drip

Monday, 2 June 2025
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πŸ“Š Market Snapshot

Coin

Price

24h Change

Market Cap

BTC

$104,357

πŸ”» -0.76%

$2.07T

ETH

$2,544

πŸ”Ί +0.05%

$305B

SOL

$153.25

πŸ”» -1.69%

$67B

XRP

$2.17

πŸ”» -0.46%

$118B

DOGE

$0.192

πŸ”» -0.68%

$27B

ADA

$0.674

πŸ”» -1.19%

$24.5B

AVAX

$20.53

πŸ”» -1.25%

$7.3B

TON

$1.26

πŸ”Ί +21.39%

$3.6B

LINK

$13.73

πŸ”» -2.14%

$8.2B

LTC

$88.13

πŸ”Ί +0.08%

$6.3B

Total Crypto Market Cap: $3.26 Trillion
Fear & Greed Index: 64 β€” Greed

πŸ“Œ Top Story

Bitcoin Holds Steady Amid Market Fluctuations

Bitcoin (BTC) is trading at approximately $104,357, showing resilience despite recent market volatility. Institutional interest remains strong, with significant ETF inflows indicating continued confidence in digital assets.

πŸ“ˆ Market Insights

  • BTC ETF Inflows: Net inflow of $5.23B in May, surpassing gold ETF inflows and highlighting Bitcoin's growing appeal as a hedge asset.

  • ETH ETF Activity: Ethereum ETFs saw $285 million in inflows this week, reflecting bullish momentum.

  • Altcoin Spotlight: Toncoin (TON) surged over 21% following new feature announcements, indicating increased investor interest.

πŸ” Technical Analysis – Breakout Watch

Disclaimer: This is not investment advice.

  • OP (Optimism): Testing resistance at $2.95, watching for breakout to $3.10.

  • LTC (Litecoin): Forming bullish pennant; breakout confirmation above $93.

  • MATIC (Polygon): Strong bounce off support at $0.72 with rising volume.

🌍 Regulatory Updates

  • πŸ‡ΊπŸ‡Έ U.S.: SEC introduces the CLARITY Act, aiming to define clear regulatory responsibilities between the CFTC and SEC for digital assets.

  • πŸ‡©πŸ‡ͺ Germany: BaFin proposes new digital asset custody requirements.

  • πŸ‡ΈπŸ‡¬ Singapore: MAS issues stablecoin compliance guidelines for licensing.

  • πŸ‡§πŸ‡· Brazil: Senate debates CBDC transparency mandate as pilot progresses.

πŸ’¬ Quick Bytes

  • MicroStrategy now holds 214,400 BTC after latest $500M purchase.

  • JPMorgan expands blockchain-based settlement pilot to Singapore.

  • Ark Invest rebalances crypto ETF, increasing weight in Solana.

  • Polygon Labs launches zkEVM mainnet 2.0 for developers.

🧠 Community Check-In

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 πŸš¨ This content is for informational purposes only and does not constitute investment advice.