Cryptocurrency Price Today (June 6): Trump-Musk Feud Impacts Prices, BTC Dips Below $103k

Bitcoin (BTC), the world’s oldest and most valued crypto, dipped below the $103,000 mark on Friday, largely driven by the ongoing feud between two major crypto pushers, Donald Trump and Elon Musk. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the red across the board as the overall Market Fear & Greed Index stood at 46 (Neutral) out of 100, as per CoinMarketCap data. FARTCOIN turned out to be the biggest gainer today, with a 24-hour jump of nearly 12 percent. Lido DAO (LDO) turned out to be the biggest loser today, with a 24-hour dip of over 13 percent. 

The global crypto market cap stood at $3.21 trillion at the time of writing, registering a 24-hour loss of 2.93 percent.

Bitcoin (BTC) Price Today

Bitcoin price stood at $102,832.31, registering a 24-hour dip of 2.28 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 92.98 lakh.

Ethereum (ETH) Price Today

ETH price stood at $2,462.55, marking a 24-hour loss of 1.01 percent at the time of writing. Ethereum price in India stood at Rs 2.18 lakh.

Dogecoin (DOGE) Price Today

DOGE registered a 24-hour dip of 7.68 percent, as per CoinMarketCap data, currently priced at $0.1757. Dogecoin price in India stood at Rs 19.37.

Litecoin (LTC) Price Today

Litecoin saw a 24-hour dip of 4.45 percent. At the time of writing, it was trading at $84.57. LTC price in India stood at Rs 8,189.32.

Ripple (XRP) Price Today

XRP price stood at $2.13, seeing a 24-hour dip of 3.37 percent. Ripple price in India stood at Rs 199.17.

Solana (SOL) Price Today

Solana price stood at $147.68, marking a 24-hour loss of 4.13 percent. SOL price in India stood at Rs 14,097.14. 

Top Crypto Gainers Today (June 6)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

Fartcoin (FARTCOIN)

Price: $1.04
24-hour gain: 11.87 percent

TRON (TRX)

Price: $0.2768
24-hour gain: 1.19 percent

Flare (FLR)

Price: $0.01794
24-hour gain: 0.87 percent

Monero (XMR)

Price: $319.45
24-hour gain: 0.63 percent

DeXe (DEXE)

Price: $9.70
24-hour gain: 0.37 percent

Top Crypto Losers Today (June 6)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

Lido DAO (LDO)

Price: $0.7662
24-hour loss: 13.04 percent

OFFICIAL TRUMP (TRUMP)

Price: $9.77
24-hour loss: 10.87 percent

Jupiter (JUP)

Price: $0.4649
24-hour loss: 10.27 percent

Pepe (PEPE)

Price: $0.00001083
24-hour loss: 10.06 percent

Immutable (IMX)

Price: $0.4992
24-hour loss: 9.68 percent

What Crypto Exchanges Are Saying About Current Market Scenario

Edul Patel, CEO and co-founder, Mudrex, told ABP Live, “The crypto market saw a temporary pullback with Bitcoin trading around $101,600 after testing the $100,400 support. However, on-chain data shows strong bullish activity, with Bitcoin network activity surging to a record 556,830 new wallets in a day. Typically, rising network growth and token circulation are bullish indicators, pointing to a renewed interest and broader utility. Additionally, the US dollar fell to its 3-year low against the Euro and British Pound, increasing Bitcoin’s appeal as a store of value. All eyes now turn to the upcoming U.S. jobs report, which could support a Fed rate cut and drive fresh momentum across the market.”

CoinSwitch Markets Desk noted, “The cryptocurrency market faced notable declines amid escalating tensions between President Donald Trump and Elon Musk, which unsettled investor sentiment. Bitcoin (BTC) dropped below $101,000, marking a 4% decrease, while Ethereum (ETH) fell over 7%, trading around $2,431. Altcoins also suffered, with Dogecoin (DOGE) and Cardano (ADA) leading the downturn, reflecting a broader market sell-off.”

Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bulls have left the building, and red has taken over the stage. Bitcoin is seeing short-term pressure amid profit-taking and macro uncertainty, with the Trump–Musk fallout contributing to cautious sentiment. In last 24 hours Bitcoin fell over 3.4%, wiping out more than $84 billion in market capitalization. This move also triggered liquidations of more than $230 million across the crypto market, amplifying volatility. Despite this, institutional interest remains strong, with CME reporting a record number of large open interest holders, signaling continued long-term confidence.” 

Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “As of June 5, 2025, Bitcoin is trading at approximately ₹87,23,110, reflecting a modest decline of 3% over the past 24 hours. BTC is consolidating just below ₹88 lakh after facing rejection near ₹90 lakh earlier this week. Despite the short-term pullback, on-chain data indicates long-term holders continue to accumulate, signaling confidence in Bitcoin's macro trend. Technical structure remains intact with ₹85 lakh acting as key support and ₹90–₹92 lakh as the next resistance zone. A breakout above this range could lead to momentum toward ₹95 lakh, while dips remain opportunities for strategic accumulation.”

Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin has experienced a notable decline recently, dipping below $102,000 amid escalating tensions between former President Donald Trump and Tesla CEO Elon Musk. This feud has significantly impacted market sentiment, leading to a broader sell-off in both the cryptocurrency and stock markets. This public dispute has led to a sharp decline in Tesla's market capitalization by $152 billion and a $100 million drop in the value of TrumpCoin. The market remains volatile, with investors closely monitoring the ongoing developments between Trump and Musk, as well as broader economic factors influencing market dynamics.” 

CoinDCX Research Team noted, “Bitcoin experienced a significant pullback as the prices marked their daily bottoms close to $100K as selling pressure escalated. Meanwhile, the bulls defended the pivotal support, which has triggered a short-term upswing. However, the Ethereum price remains consolidated below $2500, which has kept the top 10 tokens accumulated below the resistance. Fartcoin leads the top gainers for the day with over a 14% increase, while Lido DAO plunges by close to 13%, followed by Jupiter at 10.5%, Pepe, Official Trump, Ethereum Name Services, Immutable, and Artificial Superintelligence Alliance by over 9% each.”

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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.