The Daily Drip

June 08, 2025

🧵 The Daily Drip — June 8, 2025

Your concise and insightful crypto update.

📊 Market Snapshot

Bitcoin (BTC) is trading at $106,320 (+0.73%)
Ethereum (ETH) is trading at $2,528.68 (+0.61%)

Coin

Price (USD)

24h Change

YTD %

Market Cap

BTC

106,320

🟢 +0.73%

🟢 +14.9%

$2.12T

ETH

2,528.68

🟢 +0.61%

🔴 –24.9%

$303B

SOL

154.00

🔴 –1.3%

🔴 –18.5%

$67B

XRP

2.18

🔴 –1.5%

🟢 +4.5%

$114B

DOGE

0.187

🔴 –2.5%

🔴 –41.0%

$27B

AVAX

20.80

🔴 –0.9%

🔴 –42.5%

$7.6B

DOT

3.98

🔴 –1.5%

🔴 –43.0%

$5.1B

LINK

13.85

🔴 –1.8%

🔴 –9.5%

$7.9B

LTC

87.50

🔴 –2.0%

🔴 –14.0%

$6.5B

UNI

6.15

🔴 –3.5%

🔴 –17.0%

$4.8B

🪙 Total Market Cap: ~$3.20T
 📈 Crypto Fear & Greed Index: 60 — Neutral/Greed

📈 S&P Crypto Broad Digital Market Index (SPCBDM)

  • Current Level: 5,601.06

  • 1‑Day Change: +1.72%

  • YTD: 🔴 –3.35%

📌 Market Insights

  • Ethereum bounced above $2,525 after another round of ETF inflows ($25M+), extending its 15-day streak.

  • Bitcoin gained as investors responded to upbeat US jobs data, despite ~$131M in ETF outflows for the week.

  • Crypto volumes rose 15% alongside stock market highs, including the S&P 500 breaking above 6,000.

⚙️ Technical Analysis (*Not investment advice)

  • ETH: Higher-low formed at $2,460. If price holds above $2,550, we could see a run to $2,650.

  • BTC: Remains above 50-day MA (~$105K). Support sits at $104K.

  • SOL: Still trading between $152–158. A breakout above $158 could trigger upside continuation.

🌍 Regulatory Updates

  • 🇺🇸 U.S.: Trump Media files for “Truth Social Bitcoin ETF.” Crypto policy outlook brightens post-Gensler.

  • 🇬🇧 UK: FCA considering reversal of 2021 retail crypto ETN ban. Public comment open until July 7.

  • 🇪🇺 EU: ESMA expected to release final MiCA guidance this week.

  • 🇸🇬 Singapore: MAS reviewing overseas crypto service provider applications.

  • 🇮🇳 India: Draft crypto regulation set for mid-June release.

📅 Upcoming Events

  • June 10: SEC comment period ends on BTC spot ETF proposals

  • June 12: FOMC minutes released — could impact crypto markets

  • June 14–16: Ethereum Developer Summit, Lisbon

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*Not investment advice