According to BitMarts market report on June 9, the total market value of cryptocurrencies in the past week was 3.29 trillion, down 0.2% from the previous week.
Crypto Market Updates This Week
Last week, although crypto investment products as a whole still recorded a net inflow of about $286 million, continuing the upward trend for seven consecutive weeks, the structure was clearly differentiated: Bitcoin spot ETF reversed this week, with a net outflow of about $132 million, ending the previous six-week inflow trend, causing Bitcoin prices to fluctuate in a narrow range around $106k, with a weekly increase of only about +1.15% to $105.6k, and the price briefly retreated to the $103 ‑$104k area. In contrast, Ethereum ETF continued to maintain a strong momentum of attracting funds, with a net inflow of about $321 million this week, setting a record of 15 consecutive trading days of net inflow, with a total inflow of about $838 million, pushing the ETH price to rebound from about $2,460 and recover to the area above $2,500. Overall, the market is currently experiencing a clear rotation between short-term capital withdrawals for Bitcoin and continued capital favor for Ethereum, reflecting that institutions continue to be optimistic about the ETH ecosystem and its long-term value, while there are signs of short-term profit-taking on BTC.
This weeks popular coins
In terms of popular currencies, MIXIE, TAG, ZENAI, WEPE and ARENA all performed well. MIXIEs price rose 803% this week, and its current market value is $26 M. TAGs price rose 335%, with the highest price being 0.0003998 USDT. ZENAIs price rose 240.27%, and WEPE and ARENA rose 154.57% and 152.05% respectively.
US market and hot news
The U.S. stock market performed strongly in the week ending June 6, 2025, with all three major indexes recording significant gains. The Dow Jones Industrial Average rose 1.2%, the Nasdaq Composite rose 2.2%, and the SP 500 rose about 2.0%, marking the second consecutive week of gains for the stock market, mainly boosted by strong employment data, technology stocks, and expectations of easing trade tensions. Large technology stocks generally rose, led by Apple (AAPL), Tesla (TSLA) and Nvidia (NVDA). In particular, Tesla rebounded about 3.7%, Nvidia rose 4%+, and Apple also recorded a significant rebound. The combined market value of these three companies continued to grow, emphasizing the markets strong confidence in the technology sector. The U.S. dollar index (DXY) fell about 0.5% this week, falling below about 99, as investors believed that inflation may slow and were cautious about the Federal Reserves interest rate policy. The weaker dollar also brought renewed attention to gold and other safe-haven assets, while further promoting overseas capital flows to the U.S. stock market. Overall, despite the uncertainty of trade policy, the strong labor market - 139,000 new non-farm jobs and the unemployment rate remaining at 4.2% - gave the market lasting momentum. The stock markets gains this week reflect investors optimistic expectations for the future economic outlook and confidence in inflation control.
The New York Fed’s 1-year inflation forecast for May will be released at 11:00 pm Beijing time on June 9.
U.S. House of Representatives to consider crypto market structure bill set for June 10
The U.S. CPI data for May will be released at 8:30 p.m. Beijing time.
Popular sections and projects unlocked
Movement (MOVE) will unlock approximately 50 million tokens at 8:00 PM Beijing time on June 9, accounting for 1.96% of the current circulation and worth approximately $7.1 million.
Delysium (AGI) will unlock approximately 69.03 million tokens at 8:00 am Beijing time on June 11, accounting for 4.00% of the current circulation and worth approximately US$3.8 million.
io.net (IO) will unlock approximately 3.22 million tokens at 8:00 pm Beijing time on June 11, accounting for 1.98% of the current circulation and worth approximately US$2.5 million.
Aptos (APT) will unlock approximately 11.31 million tokens at 12:00 noon Beijing time on June 12, accounting for 1.79% of the current circulation and worth approximately US$52.7 million.
BounceBit (BB) will unlock approximately 42.89 million tokens at 8:00 am Beijing time on June 12, accounting for 10.47% of the current circulation and worth approximately US$4.6 million.
In the meme sector, the meme coins on the Solana chain have particularly risen. Solaxy (SOLX) has a short-term increase of about +74%, becoming one of the most eye-catching meme coins on Solana that week; at the same time, Official Trump, Bonk, Pudgy Penguins, etc. also ushered in a weekly increase of 4 ‑ 15%, making a significant contribution
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Use of BitMart services is entirely at your own risk. All cryptocurrency investments (including earnings) are highly speculative in nature and involve substantial risk of loss. Past, hypothetical or simulated performance is not necessarily indicative of future results.
The value of digital currencies may go up or down, and there may be substantial risk in buying, selling, holding or trading digital currencies. You should carefully consider whether trading or holding digital currencies is appropriate for you based on your personal investment objectives, financial situation and risk tolerance. BitMart does not provide any investment, legal or tax advice.
