Why Is Crypto Down Today? – June 5, 2025

After a brief increase, the crypto market has turned red again, now standing at a crossroads. Sentiment has turned bearish short-term, and BTC will likely not surpass $110,000 at this point.
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Binance CEO Hails SEC Lawsuit Dismissal as ‘Significant Win,’ Credits Trump for Crypto Shift

Binance CEO Richard Teng has welcomed the SEC’s motion to dismiss its 2023 securities complaint, framing the move as a win that eases uncertainty for the exchange and wider market. Teng said new policy direction under President Trump and a Crypto Task Force could help the US become a leading hub.
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