On June 9, 2025, the cryptocurrency market consolidated after a volatile week marked by a public feud between President Donald Trump and Elon Musk. Bitcoin (BTC) was trading at $105,457 on international exchanges, reflecting a decrease of 0.14%. Meanwhile, Ethereum (ETH) declined by 1.05%, landing at $2,486.
Bitcoin’s slight decline demonstrates resilience after it fell to $100,400 on June 5 amid the dispute between Trump and Musk, which resulted in $979.9 million in futures liquidations, including $342.9 million in BTC and $285 million in ETH. Analysts are drawing parallels to gold’s breakout in the 2000s, anticipating a target of $150,000 for BTC if current trends continue.
#CoinW Academy Daily Talk:
📉 #Bitcoin Regains $105K, Shows Strength but Market Structure Still Fragile
Despite reclaiming the $105K level, Bitcoin’s Fear & Greed Index stands at 55, reflecting a cautious market mood. Investors are waiting for a macro catalyst or trend… pic.twitter.com/oYy5GeDWtN
— CoinW Academy (@CoinWAcademyEN) June 9, 2025Ethereum struggles below $2,500 despite ETF inflows of $856 million over four weeks, consolidating after a 7% drop last week. Posts on X noted ETH’s stability at $2,492–$2,495, with BlackRock’s $4 billion ETH holdings signalling institutional interest.
The global crypto market cap dipped 0.16% to $3.29 trillion, with altcoins like Shiba Inu, Monero, and Polygon logging small losses, while Solana, Ripple, and Bitcoin Cash saw minor gains, per CoinMarketCap.
The Trump-Musk feud, sparked by disputes over tariffs and spending, led to a $152 billion drop in Tesla’s market cap and a $100 million decline in TrumpCoin, per BuyUcoin. CoinDCX’s research team noted Bitcoin’s defence of key levels, suggesting a short-term upswing.
Experts recommend Dollar-Cost Averaging (DCA) for long-term investors to navigate volatility. “The market’s neutral stance offers a breather, but the bullish trend remains intact,” said Alankar Saxena of CoinSwitch.
