Why Is Crypto Down Today? – June 5, 2025

After a brief few hours of upward movement, the crypto market has turned slightly downwards again, reaching a crossroads. Nearly all top 100 coins have seen their prices decrease over the past 24 hours. The cryptocurrency market capitalization has decreased by 3% to $3.41 trillion. The total crypto trading volume is at $89 billion, still lower than what we typically see.

TLDR:

At the time of writing, all but one of the top 10 coins per market capitalization are red. Bitcoin (BTC) has decreased by 0.7% over the past day. It’s currently trading at $104,737.

Ethereum (ETH) appreciated 0.5%, losing all it has gained over the last day, now changing hands at $2,614.

The category’s only gainer is Tron (TRX). It appreciated by 1.7% to the price of $0.2731. At the same time, the highest decrease is Dogecoin (DOGE)’s 3.5% to $0.1892.

Moreover, only five of the top 100 coins have seen their prices increase in this timeframe. Tron is the best performer in this category as well, followed by Tokenize Xchange (TKX), with a rise of 0.9% to $31.37.

On the other hand, Monero (XMR) dropped the most: 8.1% to $318.

According to Glassnode, Bitcoin’s increase to the ATH has met growing resistance, as “market data points to exhaustion from earlier buyers and profit-taking by long-standing holders.” Many of the strong accumulation zones from previous cycles have turned into active selling regions.

After briefly leaning toward distribution, the largest $BTC holders are now back in accumulation. All wallet cohorts show varying degrees of buying, with the strongest activity in the 10–100 #BTC and