Bitcoin Eyes $118K as Institutional Interest Grows (June 5, 2025)

As of June 5, 2025, the cryptocurrency market is experiencing notable movements, with Bitcoin (BTC) and Ethereum (ETH) showing signs of recovery amid increased institutional interest and positive on-chain metrics.

Bitcoin (BTC): Currently trading at approximately $104,739, BTC has seen a slight decline of 1.08% over the past 24 hours. Despite this, on-chain data indicates a 5% increase in active addresses, reaching 620,000, suggesting growing network activity. Institutional inflows remain strong, with $120 million entering Bitcoin ETFs on June 4, reflecting sustained interest from traditional finance sectors.

Ethereum (ETH): ETH is holding firm near $2,615, with a modest gain of 0.17% in the last 24 hours. The asset continues to face resistance between $2,660 and $2,745, a historical rejection zone. Momentum indicators suggest cautious optimism among traders.

Altcoin Market: The altcoin sector is showing signs of a potential breakout, with the total market capitalization (excluding BTC and ETH) standing at $1.2 trillion, up 3.5% in the last 24 hours. Notable performers include Solana (SOL), rising 5.2% to $175.30, and Cardano (ADA), climbing 4.8% to $0.48. Trading volumes for these assets have also increased, indicating strong buyer interest.

Market Sentiment: Analysts suggest that Bitcoin could reach $118,000 due to institutional inflows and strong ETF demand. The current market conditions are described as a ‘perfect storm’ for Bitcoin, with banks and corporations increasingly adopting BTC.

Conclusion: The cryptocurrency market on June 5, 2025, is characterized by cautious optimism, with key assets showing resilience and potential for growth. Investors are advised to monitor market trends closely and consider both technical indicators and institutional activities when making investment decisions.

Note: Cryptocurrency investments are subject to market risks. Please conduct thorough research or consult a financial advisor before making investment decisions.