Bitcoin price today: The world’s largest cryptocurrency, Bitcoin, declined on June 5 to $104,968.95, down 0.71 per cent from the previous day, according to data on CoinMarketCap.
Bitcoin’s market capitalisation stood at $2.08 trillion, down 0.71 per cent, while trading volume declined 0.15 per cent to $44.25 billion.
In fact, over the week, the token has dropped 0.70 per cent, CoinMarketCap data showed, as crypto whales booked profit with Bitcoin trading above the psychologically important $1,00,000 level for the longest period yet.
Over May and June 2025, Bitcoin has held above six figures for the longest period in history — 27 days (25 consecutive days, as per CoinSwitch data), compared to its 18-day run in January 2025, according to a report by Cointelegraph.
Crypto market update: Ethereum, Solana, Tether
The second largest crypto token, Ethereum network’s Ether was flat, down 0.03 per cent to $2,614.70, with a market cap at $315.65 billion, down 0.03 per cent, and volume at $18.23 billion, up 8.20 per cent.
Further, the US Dollar-linked stablecoin Tether is also down 0.03 per cent to $1 over the previous day, with a market cap of $153.77 billion, lower by 0.27 per cent, and volume at $66 billion, down 3.46 per cent.
Donald Trump‘s-favoured Solana also dropped 1.96 per cent to $153.78 over the past 24 hours, with market cap down 1.69 per cent to $80.57 billion, and trade volumes down 26.11 per cent at $2.57 billion.
According to data from the CoinDCX Research team, the top gainers were Livepeer, up over 11.14 per cent, followed by DeXe with over 5.29 per cent. While the top losers were Fartcoin, which plunged more than 13.5 per cent, followed by dogfithat, and Monero, with over an 8 per cent to 9 per cent drop.
Sell-off continues: Crypto whales in profit-taking mode
Meanwhile, large Bitcoin holders, known as “whales” are continuing their profit-taking streak amid the token’s new peak run.
On June 3, analyst Willy Woo wrote on X on June 3 that “big whales” with over 10,000 Bitcoin have been selling since 2017, noting that most of these coins were bought at “$0 and $700 and held for 8 to 16 years”.
Cointelegraph reported that a chart showing the supply held by whales reflected a steady decline in holdings over the past eight years, from 2.77 million in 2017 to 1.6 million in 2025 — a drop of around 40 per cent.
According to Edul Patel, co-founder and CEO of Mudrex, to keep a bullish momentum, Bitcoin must hold above $1,06,000 levels, or else a short-term pullback towards $1,03,200 remains a possibility before buyers step in again.
Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
