Daily Crypto Market Dispatch – June 4, 2025 Crypto markets are consolidating near highs as investors await two key macro events this week — Thursday’s expected ECB rate cut and Friday’s U.S. jobs report—both of which could set the tone for renewed market optimism. With Eurozone inflation dipping to 1.9% and an uptick in job openings, markets are increasingly pricing in looser monetary policy. This shift in tone could fuel broader risk appetite. Bitcoin BTC is holding above $105,000 after rebounding from $103K earlier this week. Technicals remain constructive, with $100K serving as a psychological anchor. Exchange outflows are moderate, and spot ETF flows continue to trend positively. Traders are watching for a break above $108K to signal a fresh leg higher, potentially supported by macro easing. Ethereum, XRP & Altcoins Ethereum is flirting with the $2,600 level, showing building momentum. A push past $2,925 could trigger a move toward $3,100, especially if rate expectations continue to tilt dovish. XRP is hovering near $2.24, buoyed by renewed optimism around regulatory clarity. Meanwhile, altcoins are staging a quiet comeback—Solana, Dogecoin, and privacy tokens are attracting fresh capital as risk rotation begins to broaden. Markets are closely monitoring ETH/BTC and overall altcoin market cap for signs of sustained capital rotation beyond Bitcoin. A rising ETH/BTC ratio could catalyze broader altseason narratives heading into Q3. Macro & Market Structure The European Central Bank is expected to cut rates by 25 basis points on Thursday—the first such move in over two years. In the U.S., jobless claims are ticking up, and markets are betting the Fed may soon follow suit. Inflation is easing on both sides of the Atlantic, which may reduce the headwinds crypto faced earlier in the year. Traders are watching to see whether Friday’s U.S. employment data confirms this dovish pivot. Trading activity during Asian market hours now accounts for a growing portion of global crypto volume, currently covering around 30% of BTC, ETH, and SOL spot trades. The U.S. share has recently dipped below 45%, reflecting a temporary shift in activity patterns that market participants are continuing to monitor. Looking Ahead This week’s macro calendar remains pivotal for risk assets. The European Central Bank meets Thursday, with markets anticipating a 25bps rate cut—the first since 2019. Traders will also be watching for signals on how the ECB plans to manage inflation now trending below 2%. In the U.S., Friday brings the Non-Farm Payrolls report and updated unemployment rate. After last week’s uptick in jobless claims, any downside surprise in employment growth could reshape rate cut expectations heading into the Fed’s next decision. On the micro side, flows into spot ETFs and stablecoin issuance trends remain key metrics. Markets are also digesting shifts in liquidity across major crypto exchanges, with Asia-based activity now surpassing that of U.S. venues. Altcoin trading volume and ETH/BTC dynamics may offer clues on whether capital is broadening beyond Bitcoin. Overall, investors will be parsing these signals closely as they reassess positioning into the second half of the year. — Stella Zlatareva, Nexo Dispatch Editor For informational purposes only; not financial or investment advice.