π‘ Crypto Market Weekly Overview (May 28 β June 1, 2025): Bitcoin Holds Strong, Ethereum Shows Momentum
As of May 28, 2025, Bitcoin (BTC) is trading just below the $109,000 mark, showing a slight 0.71% dip in the past 24 hours. Meanwhile, Ethereum (ETH) is gaining traction, up 0.45% to $2,636. The total crypto market cap stands at $3.44 trillion, up 0.59% from the previous day, reflecting overall investor optimism, fueled in part by strong ETF inflows and renewed institutional interest.
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π₯ Key Drivers of the Market This Week
Trump Media & Technology Group (TMTG) shocked the market with a bold announcement: it plans to raise $2.5 billion to invest in Bitcoin. This includes $1.5 billion from stock offerings and another $1 billion in convertible notes. The move aligns with former President Trumpβs recent pledge to make the U.S. the global hub for cryptocurrency.
This announcement has sent bullish signals throughout the market, reinforcing growing political support for crypto adoption in the U.S.
One of the largest crypto events of the year, Bitcoin 2025, took place from May 27β29 in Las Vegas. The conference featured prominent speakers including Vice President JD Vance and Donald Trump Jr., highlighting the growing influence of crypto within American political circles.
The event helped boost market sentiment, particularly among retail investors and miners, many of whom see this as the beginning of a new era for Bitcoin-friendly regulations.
Spot Bitcoin ETFs saw inflows of nearly $2.9 billion last week alone. BlackRockβs iShares Bitcoin Trust (IBIT) gained 1.1%, with total assets now topping $72 billion. Meanwhile, miners like Gryphon Digital Mining reported a staggering 442% profit increase in May.
This strong institutional backing is helping to keep BTC prices stable near $109K, with growing anticipation for further upside.
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π Bitcoin Technical Analysis
β’ Current Price: ~$108,882
β’ Immediate Support: $108,825
β’ Key Resistance Levels: $110,155 and $111,395
β’ RSI: ~62 (Neutral zone)
Bitcoin is currently consolidating around the $109K level. If it breaks above the $110K threshold with solid volume, we could see a rally toward the $117Kβ$119K range in early June. However, failure to maintain $108K support could lead to short-term selling pressure.
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𧩠Altcoin Market Snapshot
β’ Ethereum (ETH): Gaining strength with increased staking activity and positive network metrics. Targets near $2,700 are likely if momentum holds.
β’ BNB: Trading at $682 with minimal gains but remains a top performer among centralized exchange tokens.
β’ XRP: Trading near $2.30, slightly down 0.43% today, but still in a bullish structure.
β’ Cardano (ADA): Dropped 2.35% to $0.751, underperforming most large caps this week.
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Outlook (May 29 β June 1)
β’ Bitcoin: If BTC holds above $109K, expect a test of the $111Kβ$112K levels.
β’ Ethereum: May outperform BTC short-term, with bullish on-chain activity and higher staking rates.
β’ Altcoins: Expect mixed performance. XRP and BNB are showing resilience, but coins like ADA may continue to lag without a strong catalyst.
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β Conclusion
The crypto market is entering June on solid footing. Between Trumpβs pro-crypto agenda, major institutional inflows, and continued technical strength, the market is poised for potential short-term upside. That said, traders should keep a close eye on key resistance zones and macroeconomic triggers that could influence volatility in the days ahead.
