Of course, $BTC is crucial for the market and serves as one of the main benchmarks for the prices of other tokens. But right now, I'm more concerned about $ETH.
The most key metric is the final acceptance and opening of ETH-ETF trading. Yes, they may delay it a bit more, but not for long.
CryptoIn
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π€ Bybit has withdrawn its application for a virtual asset trading platform license in Hong Kong
Major exchanges like Binance, OKX, Gate and HTX have also faced similar fate.
The withdrawal of Bybitβs application and the apparent trend of offshore exchanges facing challenges in obtaining Hong Kong licenses may suggest a tightening of regulatory oversight in the region.
Applicants for obtaining a license in the city include HKbitEX, PantherTrade, Accumulus, DFX Labs, Bixincom, xWhale, YAX, Bullish, CryptoCom, WhaleFin, and Matrixport HK.
CryptoIn
Major exchanges like Binance, OKX, Gate and HTX have also faced similar fate.
The withdrawal of Bybitβs application and the apparent trend of offshore exchanges facing challenges in obtaining Hong Kong licenses may suggest a tightening of regulatory oversight in the region.
Applicants for obtaining a license in the city include HKbitEX, PantherTrade, Accumulus, DFX Labs, Bixincom, xWhale, YAX, Bullish, CryptoCom, WhaleFin, and Matrixport HK.
CryptoIn
β€131π94π20π9π7π₯°4
β«οΈ June 1 - CoinJoin, an anonymization solution for $BTC transactions, stops work.
β«οΈ June 4 β hard fork in the Mina Protocol network.
β«οΈ June 12 - the meeting of the US Federal Reserve on the key rate.
β«οΈ June 12 - publication of the consumer price index and inflation data in the United States.
β«οΈ June 12 β presentation of the new digital currency Telegram Stars.
β«οΈ June 13 β zkSync L2 network token airdrop.
β«οΈ June 20 - Binance trial in Nigeria.
β«οΈ June 26 β airdrop of tokens from the L2 network Blast.
CryptoIn
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BTC $67,767
ETH $3,796
Fear Index: 73
Altseason Index: 35
Long/Short Ratio: 49/51
Bitcoin Dominance: 54.12%
$NOT is becoming the main FOMO ambassador. The average drop is now estimated at $500-600 per account. I feel like it's going to hype up even more.
CryptoIn
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Investors are not keeping the Bitcoins they receive on exchanges, meaning they are not inclined to sell the Bitcoins they buy immediately.
As reserves fall, the tendency to sell decreases, and after a while, there may be a shortage, causing the price to go up.
When we examine previous trends, a fall in reserves usually starts the bull market. An increase in reserves shows us that selling pressure has begun.
At the moment, the price seems to be hunting for liquidity within a range and accumulating.
It is gathering strength for the next rise. When it gathers enough strength, a sharp rise seems to be waiting for us.
CryptoIn
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π° Blum has surpassed the 10 million user mark
The project is developing rapidly, and amid the successes of the $NOT token, the chances of a good drop are growing.
CryptoIn
The project is developing rapidly, and amid the successes of the $NOT token, the chances of a good drop are growing.
CryptoIn
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CryptoIn
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π The most notable events of the past week:
β«οΈ Bitcoin price returned to $68,000.
β«οΈ Ethereum Classic had its fourth halving.
β«οΈ Notcoin soared 300% in a week and set a new all-time high.
β«οΈ A former top manager of FTX was sentenced to 7.5 years in prison.
β«οΈ Joe Biden vetoed the resolution to repeal SEC's SAB 121.
CryptoIn
β«οΈ Bitcoin price returned to $68,000.
β«οΈ Ethereum Classic had its fourth halving.
β«οΈ Notcoin soared 300% in a week and set a new all-time high.
β«οΈ A former top manager of FTX was sentenced to 7.5 years in prison.
β«οΈ Joe Biden vetoed the resolution to repeal SEC's SAB 121.
CryptoIn
π₯108π88β€72π18π₯°4π3
Happy Monday to everyone!
BTC $68,875
ETH $3,815
Fear Index: 73
Altseason Index: 35
Long/Short Ratio: 51/49
Bitcoin Dominance: 54.37%
This week we expect news from tier 1 projects: LayerZero and zkSync. The tokens of these two are already trading on the premarket. $ZRO at ~$8, $ZK at ~$0.63. But most of all the market is waiting for a drop from them.
CryptoIn
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It was the fastest to reach $3 billion in capitalization.
$USDe is a synthetic stablecoin from Ethena running on the Ethereum blockchain.
They also have a $ENA token, currently trading at ~$0.95. I suggest looking out for it in a medium/long term.
CryptoIn
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CryptoQuant: Institutions preparing for the Spot ETF could be behind this wave of heavy outflow that lasted for 8 days.
I've been in favor of accumulating this asset since ~$1850. Have been buying as early as ~$1200 myself. And below $7000 I don't intend to sell.
CryptoIn
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Tuesday, 14:00 UTC β Job Openings
This metric is crucial for the Federal Reserve. A strong labor market allows for maintaining high interest rates. Projections remain neutral, but if the data falls significantly short of expectations, it could trigger a negative reaction in the markets.
Friday, 12:30 UTC β US Unemployment Rate
Unemployment in the US remains at historically low levels. Analysts expect a rate of 3.9%. If the data shows 4% or higher, it could lead to a significant market correction. We'll be keeping a close eye on this.
CryptoIn
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β€3.21Kπ1.6Kπ₯671π325π₯°153π112π€112π‘105π40π€―2
The market is once again awaiting news and events.
BTC $68,960
ETH $3,767
Fear Index: 73
Altseason Index: 33
Long/Short Ratio: 52/48
Bitcoin Dominance: 54.60%
CryptoIn
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