Gate Research: BTC Holds Near $63,000 Amid Consolidation, ZEST Surges Over 64% in 24 Hours

• Market Commentary: On June 5, BTC consolidated near $63,000 after a sharp decline and technical rebound, while ETH remained weak around $1,750 with limited recovery momentum. GT also stayed under pressure, and overall market sentiment remained cautious.
• Trending Tokens: Driven by sector rotation, several small- and mid-cap tokens posted notable gains. ZEST surged 64.14% as BTCFi sentiment improved; DEGEN rose 33.39% amid renewed activity in the Base ecosystem; and EPIC gained 25.55% on rising interest in low-cap infrastructure plays.
• Alpha Insights: BlackRock-related crypto ETF outflows over the past 10 days suggest institutions remain defensive; the U.S. DOJ’s anti-scam operation with Coinbase and other firms highlights the strengthening compliance trend; and renewed calls from Senator Lummis and others to revisit the punitive 1250% crypto risk weight could improve long-term institutional participation.

Discover more details today → Gate Research: BTC Holds Near $63,000 Amid Consolidation, ZEST Surges Over 64% in 24 Hours

Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.

Disclaimer

Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own 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 arising from such decisions.

Gate Team
June 5, 2026

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