Today’s cryptocurrency market update

[ONUS]

Market Overview

 

• Bitcoin (BTC) is holding steady around $107,350, down from an intraday high of $108,146 amid strong institutional demand  .

• Ethereum (ETH) trades near $2,449, hovering between $2,405 and $2,510. It’s benefiting from Layer‑2 improvements and growing staking interest  .

Key Headlines

Institutional & Regulatory Developments

• Fannie Mae & Freddie Mac may now accept crypto balances as part of mortgage asset criteria—marking a milestone in crypto’s integration into traditional finance .

• The U.S. Senate passed a bill to set up a stablecoin regulatory framework, potentially paving the way for broader corporate adoption  .

Analyst & Market Sentiment

Bitcoin

• Billionaire Philippe Laffont sees BTC market cap potentially doubling to $5 trillion, implying prices in the $200K+ range by 2030  .

• Julian Bittel correlates Bitcoin’s surge with rising global liquidity (M2), estimating a $170K Bitcoin in the coming months  .

• Bitfinex analysts expected $120–125K by June and early July, though BTC isn’t quite there yet .

• “Satoshi‑era” miners are holding rather than selling amid the rally, reinforcing bullish supply dynamics  .

Ethereum & Altcoins

• Analysts expect ETH to trade in the $2,000–2,500 band short-term, with upside toward $2,600–2,650 by end-June, and potentially $3,000+ by mid-summer .

• Some forecasts stretch to $3,100 if BTC breaches certain levels and ETH ETF inflows accelerate  .

• Rising Bitcoin dominance (~64%) could precede a new “altseason,” spotlighting coins like LILPEPE, ARB, BONK, and Sonic  .

Market & Global Context

• Bolivia’s small businesses are adopting Bitcoin and stablecoins as a safeguard against local currency problems .

• Galaxy Digital raised $175 million for its new venture fund—signaling rising institutional confidence in crypto innovation  .

What This Means for You

• Bitcoin remains the demand driver: if institutional inflows maintain momentum, upside above current levels is possible—with analysts forecasting ranges from 1 BTC = $120K to $170K, and even $200K+ .

• Ethereum shows strong technical support and could break out via continued ETF interest and Layer‑2 momentum.

• Altcoins may outperform when Bitcoin stabilizes—smart speculators are watching high-potential tokens ahead of a possible alt-season.

 

Summary

• BTC at $107K, ETH at $2.45K, both showing resilience backed by institutional interest.

• Mixed forecasts range from $120–200K for BTC, $2.6–3.1K for ETH.

• Regulatory and institutional strides continue (mortgage acceptance, stablecoin framework, venture funding).

• An altcoin breakout could be ahead, highlighted by meme-coins and layer‑2 tokens.