Bitcoin on hold: This US data could change everything!

Bitcoin on hold: This US data could change everything!

On June 2, 2025, Bitcoin was trading at just under $105,000. This represents a decline of four percent over the past seven days. Bitcoin's market capitalization is $2.09 trillion, making Bitcoin the seventh most valuable asset, ahead of silver and behind Alphabet (Google). With a distance of just six percent from the all-time high, which was almost 112,000 US dollars, Bitcoin is in a wait-and-see range.

Ethereum, on the other hand, is currently trading at $2,500, which is 49 percent below its 2021 high. In the top 10 cryptocurrencies, Tron emerged as the strongest altcoin with a gain of one percent, while Dogecoin saw a decline of 16 percent, Solana of 12 percent and Cardano of 11 percent week-on-week. Analysts from the industry are looking forward to the publication of the ISM Purchasing Managers' Index (EMI) for the US manufacturing sector in order to be able to better assess the further course of prices.

Market expectations and economic indicators

The ISM index, released today, has a forecast of 49.3, indicating continued contraction in the manufacturing sector. If the index falls below 50, it could have a negative impact on the US economy, stock prices and the crypto market. Conversely, an increase in the index could lead to a beneficial increase in stock and crypto prices.

Meanwhile, investors in the cryptocurrency Sui (SUI) are expecting a token unlock that will increase the stock by 1.75 percent and thus by 58 million new tokens. This could also have an impact on market sentiment.

The role of CoinMarketCap in the crypto market

As the cryptocurrency market remains turbulent, CoinMarketCap plays a crucial role in providing transparent and up-to-date information about the industry. Founded by Brandon Chez in May 2013, the platform has evolved with the growth of the blockchain and cryptocurrency market. Users are offered accurate and unbiased information about crypto prices, historical data and live crypto tables. Current prices are updated directly from various exchanges.

With a verification process for new assets, CoinMarketCap offers comprehensive data on a wide range of cryptocurrencies. The platform tracks the top 70 crypto chains and lists over 97 percent of all tokens in existence, making it an essential resource for investors and market watchers.

Market capitalization is defined on CoinMarketCap as the sum of all cryptocurrencies, extremely useful for analyzing the market. CoinMarketCap's API enables millions of calls for price tracking and historical analysis, making it a valuable tool for traders and investors.