The crypto market continued its downtrend on June 2. Bitcoin (BTC) traded at $71,145, down 3.47% in 24 hours, maintaining a market dominance of 56.6%. Ethereum (ETH) slipped 0.91% to $1,993. Total market cap contracted by 2.6% to $2.52 trillion, with a 24-hour trading volume of $117.7 billion.
Fear Index at 23: Extreme Fear Grips Market
The Crypto Fear & Greed Index plunged from 29 yesterday to 23, marking a 21% daily drop. Compared with 34 last week and 47 last month, sentiment has deteriorated sharply, reflecting heightened risk aversion among investors.
Solstice Explodes 89%, Humanity Soars 40%
While major coins struggled, Solstice (SLX) skyrocketed 89.39% to $0.3537, with $303 million in trading volume. Humanity (H) jumped 39.95% to $0.7027, and Worldcoin (WLD) and Siren (SIREN) gained 19.83% and 16.72%, respectively. Losers included Terra Classic (LUNC, -7.28%), Stellar (XLM, -6.71%), and Zcash (ZEC, -6.59%).
CME Begins 24/7 Crypto Futures; TON Renamed Gram
Institutional news: CME Group launched round-the-clock crypto futures and options trading, with over 7,200 contracts worth roughly $50 million traded during the first weekend. Binance Futures listed perpetual contracts on Samsung Electronics, SK Hynix, and Hyundai Motor shares, offering up to 20x leverage. TON's native token was rebranded to Gram, reverting to the project's original name, with no impact on the base layer.
MSTR Sells 32 BTC; Strive Plans $4.2B Fundraising for Bitcoin
MicroStrategy co-founder Michael Saylor sold 32 BTC for $2.5 million, the first such sale since 2022, triggering widespread discussion. Meanwhile, investment firm Strive announced plans to expand financing by $4.2 billion to acquire Bitcoin; the company currently holds about 16,500 BTC worth $1.27 billion.
DeFi market cap edged up 1.2% to $71.6 billion, with trading volume of $6.18 billion. Stablecoin market cap remained steady at $315 billion, with $99 billion in volume.