Recent data indicates that the cryptocurrency market is beginning to stabilize after a period of volatility, with Ethereum emerging as the leader with 148.38 million wallets.
Leading Cryptocurrencies by Wallet Count
According to recent Santiment data, Ethereum now has 148.38 million wallets, while Bitcoin follows with 55.39 million holders, marking an all-time high. Other cryptocurrencies also report increases: Dogecoin has 7.97 million wallets, Tether (USDT) has 7.79 million, XRP totals 6.53 million, Cardano (ADA) stands at 4.49 million, and USD Coin (USDC) accounts for 3.30 million wallets.
Market Cap Stabilizes
TradingView data on June 7, 2025, shows that the total cryptocurrency market cap stands at $3.22 trillion, reflecting an increase of $19.21 billion, or 0.60%, over the previous session. The market has held above $3 trillion since late April, which acts as a psychological anchor for market sentiment. Price movements remain stable following a May correction.
Indicators Show Neutral Sentiment
The Relative Strength Index (RSI 14) currently reads 49.63, indicating a neutral market condition. Analysts predict that a sustained move above 55 could signal a shift toward bullish momentum, while a drop below 45 may indicate weakening price strength.
The cryptocurrency market is displaying signs of recovery and stability, as evidenced by the increase in wallet counts and steady market cap. Analysts continue to monitor market conditions, awaiting potential signals for future movements.
