Daily Market BriefJun 5, 2025

Daily Market Brief 250605

  • $BTC is slightly down. As of now, $BTC is trading at $104,695 and $ETH at $2,607. Bitcoin dominance stands at 64.18%.

  • The ADP Report showed a private-sector job increase of just 37,000 in May—well below the expected 110,000—marking the weakest monthly growth since March 2023. The downside surprise led to a drop in Treasury yields, with the 10-year yield falling approximately 6 basis points.

  • A few other headlines include: Circle raised approximately $1.1 billion in its upsized IPO, selling 34 million shares at around $31 each—exceeding expectations from just two days prior, Coinbase announces support for Ethena, and JPM will begin accepting select crypto-related assets as loan collateral for trading and wealth management clients (see below).

  • Over the past 24 hours, the top three gainers were $LPT, $GRASS, and $DEXE, while the top three losers were $BRETT, $KAITO, and $WIF.

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