Retail Traders Are Once Again Asking, Why Is Crypto Going Up Today?

Retail traders are once again asking, why is crypto going up today? The answer is a potent mix of macroeconomic shifts, renewed institutional inflows, and technical momentum.

On Tuesday, June 3, 2025, the Bitcoin (BTC) price, Ethereum (ETH) price, XRP price, and Dogecoin (DOGE) price have all staged impressive comebacks, defying global uncertainty and a wave of liquidations.

Bitcoin is holding above $105,000, Ethereum is testing $2,600, and XRP price is testing $2.20. Meanwhile, Dogecoin sets a new high today above $0.20. But is this rally sustainable, or just another head fake?

Let’s break down the current action, key drivers, and the newest price predictions for these top cryptocurrencies.

Bitcoin Price Analysis: Resilience Above $105,000

The Bitcoin price has become a beacon of resilience in early June 2025. After a turbulent weekend that saw nearly $1 billion in liquidations, Bitcoin rebounded sharply.

Bitcoin climbs over 3% in 4 days. Is this rally over, or will it continue?

The world’s leading cryptocurrency, Bitcoin, has displayed resilience in the face of market turbulence. Not fully recovered from Friday’s close, which saw four days of nearly continuous declines, Bitcoin is now testing the $106,000 resistance after staging a rebound of more than 3% in just four days. This rally commenced on Saturday, May 3, from the crucial $98,000 support.

At the time of writing on Tuesday, June 3, 07:54 (GMT+00), BTC trades at $105,453.00.

This recovery is largely attributed to continued whale accumulation, as on-chain data from Glassnode reveals that the BTC 100+ Count (Large Holder Count) metric is on the rise again. This signals that large-scale investors are actively buying the dips, a classic bullish signal that often precedes further gains in the cryptocurrency.

In the broader macroeconomic sphere, traders are pivoting towards Bitcoin as a hedge against uncertainty stemming from geopolitical tensions and looming policy deadlines. Despite hints of fatigue in technical indicators, with some analysts warning of a possible cooling-off period from the recent rally, Bitcoin’s elevated trading volumes and persistent interest have kept it at the top of the crypto pecking order.

According to my technical analysis, I expect Bitcoin to consolidate between $103,000 and $108,000 in the short term. Critical support is at $100,000. If this fails, then more significant selling pressure could emerge, setting up a move to $97,000–$93,000.

On the upside, I see strong resistance at $108,000, which could launch a rally to $118,000 or higher. My forecasts for June 2025 suggest a potential high of $137K, with some long-term models predicting Bitcoin could reach even $400,000 by 2030.

Options traders are betting on wild moves, with some placing huge bets on Bitcoin hitting $300,000 by late June. But most experts see $120,000–$137,000 as more realistic near-term targets.

Ethereum Price Today: Surges 7% As Institutional Interest Booms

Ethereum price news: ETH price is testing $2,650.83. It’s now up more than 7% since Saturday’s low and trades at $2,615.89 at the last check on Tuesday.

Ethereum price is heating up again this week as the internal restructuring at the Ethereum Foundation continues to attract institutional and retail interest toward the world’s second-largest cryptocurrency.

Also fueling the latest leg of the move is speculation over a potential approval for an Ethereum ETF later this year, which is seen driving a fresh wave of capital into the crypto markets.

Technically, ETH price is now trading above the 20-, 50-, and 100-day moving averages and momentum indicators suggest that another leg up could follow if the bulls can clear the $2,810 resistance.

However, the price has encountered resistance at this level previously, leading to two large rejection candles and a long upper wick. This indicates that sellers may still be present at higher prices, which could stall the rally if buyers aren’t able to follow through.

If bullish momentum does manage to push through the $2,810-$2,900 zone, then I expect to see a continuation of the rally.

Ethereum Price Predictions