The crypto economy has shown modest signs of recovery since Thursday, though it remains 2.16% lower over the past 24 hours, hovering near the $3.25 trillion mark. Bitcoin, too, has been attempting a gradual climb, with bullish traders breaking through the $104,000 barrier.
Crypto Swings Wild as Bitcoin Teeters Around $104K, Altcoins Record Bigger Wins and Losses
Following yesterday’s dip to $100,000—and briefly teetering below—bitcoin (BTC) has shown mild recovery. Despite that, the dominant crypto remains 1% lower against the U.S. dollar over the past 24 hours. It reached an intraday peak of $104,599 per coin and is currently priced at $104,344 at 9:45 a.m. ET. Ethereum ( ETH) has also declined, losing 5.9% in the same period to trade at $2,480 per ETH at press time.
BTC/USD via Bitstamp on June 6, 2025, 1-hour chart.
Among the top ten digital assets, tron ( TRX) managed to buck the broader downtrend, rising 2% over the last day and 2.6% in the past week. Aside from ETH’s 5.8% slide, cardano ( ADA) dropped by roughly 4.3%, making it the second hardest hit among the top ten on Friday morning. Other notable declines include ravencoin (RVN), down 15.39%, and stacks (STX), which fell 12.40%.
Friday morning’s gainers featured mask network (MASK) with a 16.70% climb, compound (COMP) advancing 12.36%, and fartcoin (FARTCOIN) adding 12.05%. MATIC posted a 10.58% increase, ULTIMA edged up by 2.74%, and APE improved 2.31% against the U.S. dollar. Bitcoin (BTC) has now remained above the $100,000 threshold for 30 consecutive days—its first full month at that level. Over the past year, BTC has gained 47% against the greenback.
While market volatility remains evident, selective momentum among altcoins hints at shifting trader appetites. The persistence of bitcoin ( BTC) above key psychological levels may reflect a broader recalibration of institutional confidence. Despite pronounced daily fluctuations, some digital assets continue to draw speculative interest. If current trends hold, market participants could be positioned for deeper strategic plays rather than reacting to short-term noise.
