[//]:content-type-MARKDOWN-DONOT-DELETE ![](https://gimg2.gateimg.com/image/ann_en202506061217209523647877.webp) BTC has dropped 2.75% in the past 24 hours, currently trading at $102,126, with $292 million in net outflows from BTC ETFs yesterday. ETH has dropped 7.29% over the same period, now priced at $2,429, with a market dominance of 9.2%. Altcoins have seen broad declines, with some tokens returning to cycle lows. Circle surged 168.48% on its first day of trading, with a total volume of $3.941 billion. A public clash between Elon Musk and Donald Trump triggered sharp sell-offs in both U.S. equities and the crypto market. - Market Commentary: BTC is down 2.75% in the past 24 hours, currently at $102,126. ETH is down 7.29%, now at $2,429. - Trending Tokens: Top-performing altcoins in the past 24 hours include RVN (+32.35%), FARTCOIN (+11.26%), and HUMA (+7.36%). - Alpha Insights: Circle soared 168.48% on its trading debut with a $3.941 billion turnover. A dispute between Musk and Trump triggered sharp declines in equities and crypto. 83.4% of creators on Pump.fun have earned less than $1,000 from revenue sharing. - Gate Launchpool: LayerEdge is now live on Gate Launchpool. Users who stake BTC, ETH, or GT before June 9, 2025, 20:00 (UTC+8) can claim free EDGEN tokens from a pool of 7.5 million EDGEN. Explore Today’s Highlights → Gate Research: Circle Surges Over 160% on IPO Debut | Musk and Trump Clash Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides readers with in-depth content, including technical analysis, trending insights, market reviews, industry research, trend forecasting, and macroeconomic policy analysis. **Disclaimer** Cryptocurrency investment involves high risks. Users are advised to conduct independent research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages resulting from such investment decisions. Gate Team Jun 6th, 2025 **Gateway to Crypto** Trade over 3,500 cryptocurrencies safely, quickly, and easily on Gate **Take Action Now** Sign up and claim up to $10,000 in welcome rewards Invite friends and earn a 40% commission **Stay Connected** Visit Gate's official website Download the Gate App | Desktop Follow us on X (Twitter) to get more bonuses Join our Telegram community to discuss trending topics Engage with our global community for the latest insights **Transparency & Security** Check our 100% Proof of Reserves