The global cryptocurrency market cap now stands at $2.34T, up by 3.11% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $60,995 and $62,389 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $61,422, up by 0.65%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include AKRO, BETA, and FOR, up by 70%, 28%, and 23%, respectively. Top stories of the day: Solana Spot ETF Predicted To Attract 14% Of Bitcoin ETF Flow, According To GSR Markets Report Farside Investors Data Reveals Net Inflow of $11.8 Million for BlackRock's IBIT T-Rex Applies for Double Microstrategy Stock MSTR ETF Bitcoin ETFs Witness Varied Fund Flow in the US 21Shares Submits New 8-A12B Document For Its Ethereum ETF Proposed ETF Aims to Enable Investment in Bitcoin and Gold Simultaneously Bolivia Lifts Ban on Bitcoin and Other Cryptocurrencies US SEC May Approve Spot Ethereum ETFs By July 4 ETH ETFs Predicted To Attract 20% Of Bitcoin ETFs' Inflows, Says Galaxy's Vice President Court Rules Against SEC in Ripple Case Market movers: ETH: $3435.73 (+1.40%) BNB: $575.7 (+0.42%) SOL: $145.14 (+5.76%) XRP: $0.4767 (+1.53%) DOGE: $0.12586 (+2.82%) ADA: $0.3857 (+1.45%) AVAX: $28.17 (+5.98%) TRX: $0.12248 (-0.63%) SHIB: $0.00001726 (+0.94%) WBTC: $61526.15 (+0.69%) Top gainers on Binance: AKRO/USDT (+70%) BETA/USDT (+28%) FOR/USDT (+23%)

According to Odaily, Greeks.live researcher Adam has reported on platform X that 107,000 BTC options have expired, with a Put Call Ratio of 0.5, a maximum pain point of $57,000, and a nominal value of $6.6 billion. Additionally, 1.04 million ETH options have expired, with a Put Call Ratio of 0.59, a maximum pain point of $3,100, and a nominal value of $3.6 billion. This marks the end of the quarter, with over $10 billion in nominal value of options being delivered. June has been a challenging month for the crypto market, with BTC and ETH prices nearing what investors considered to be an unattainable maximum pain point, leading to a rather pessimistic market atmosphere. Despite significant market fluctuations, the mainstream coin IV has not shown a noticeable increase, with BTC's main term IV below 50% and ETH's main term IV below 60%, both at relatively low levels. In the coming days, following the completion of today's delivery, the IV is expected to face strong downward pressure. Adam suggests that buying some bullish options when the IV is low could be a highly cost-effective choice, especially as more definitive news about the ETH ETF is expected at the beginning of next month.

According to Odaily, the US Department of Commerce is set to announce the annual rate of the May Core PCE Price Index at 20:30 tonight. The market widely anticipates that the impact of the US Core PCE data will be transmitted to the US dollar index, US Treasury yields, and interest rate cut expectations. It may also potentially affect the risk market and the cryptocurrency market. The previous data value was 2.8%, and the forecast value is 2.6%. If the announced value is less than the expected value, it will be bearish for the US dollar and bullish for non-US currencies. It will be bearish for Treasury yields, bullish for interest rate cut expectations, bearish for interest rate hike expectations, bullish for the risk market, and bullish for the cryptocurrency market.

According to Foresight News, the cryptocurrency SILLY has seen a notable rise in its intraday value. The highest value it reached within the day was 0.018 USDT, and it is currently priced at 0.017 USDT. This represents a 24-hour increase of 18.53%. This significant rise in value indicates a positive trend for SILLY, although the future performance of this cryptocurrency remains uncertain.

According to BlockBeats, BETA, a digital currency, has seen a significant increase in its value. On June 28th, the price of BETA broke through $0.11, with the current quote standing at $0.111. This represents a substantial 24-hour increase, with the growth rate expanding to 80.03%. This surge in BETA's value is a notable event in the digital currency market. The increase in value over a 24-hour period is a clear indication of the currency's growing popularity and acceptance among investors. The growth rate of 80.03% is a significant figure, demonstrating the potential for high returns in the digital currency market. However, it's important to note that the digital currency market is highly volatile, with prices fluctuating rapidly. Therefore, while the current surge in BETA's value is promising, it's crucial for investors to stay informed and make investment decisions based on careful analysis.

According to Odaily, on June 28, the leading sectors were SocialFi, the Solana ecosystem, and the inscription sector. In particular, PLAY saw a 24-hour increase of 48.81%, SILLY experienced a 15.5% rise, and SATS increased by 18.07%. As of the time of writing, the top three coins in terms of real-time gains were CHATAI, BETA, and BCCOIN. The top three coins in terms of transaction volume were BTC, ETH, and SOL. This data provides a snapshot of the current state of the market, highlighting the sectors and coins that are currently performing well.

According to Foresight News, the value of Boden has fallen below 0.09 USDT, currently trading at 0.083 USDT. This represents a significant 24-hour decrease of 31.33%. The drop in value is potentially influenced by the ongoing US election debate. The market data was provided by Birdeye.

According to Foresight News, data from Coinglass reveals that a total of $86.18 million has been liquidated globally in the past 24 hours. The liquidation includes $30.57 million in long positions and $49.42 million in short positions. Bitcoin accounted for $19.28 million of the total liquidation, while Ethereum made up $13.57 million. This information provides an insight into the current state of the cryptocurrency market, highlighting the volatility and risk associated with digital asset trading.

According to PANews, data from Token Unlocks indicates that tokens worth approximately $860 million are set to be unlocked in July, involving around 40 cryptocurrency projects. Xai, AltLayer, Arbitrum, and Aptos are among the projects that will unlock tokens exceeding $350 million next month. Xai is scheduled to release 198 million XAI tokens on July 9, while Aptos will unlock 11.3 million APT tokens on July 12. Arbitrum plans to release 92.6 million ARB tokens on July 16, and AltLayer will unlock 684 million ALT tokens on July 25. Other significant projects set to unlock tokens include Io.net, Starknet, and Sui.

According to recent data from ChainCatcher, sourced from Coinglass, the notional value of open options interest on Bitcoin (BTC) and Ethereum (ETH) has reached significant milestones. The current notional value of open BTC options stands at $21.54 billion, while open ETH options tally up to $9.65 billion. Key Findings from Coinglass Data - Bitcoin (BTC): The notional value of open options interest for Bitcoin is now $21.54 billion. - Ethereum (ETH): The notional value of open options interest for Ethereum has reached $9.65 billion.

On Jun 28, 2024, 01:25 AM (UTC). According to Binance Market Data, Bitcoin (BTC) has crossed the 62,000 USDT benchmark and is now trading at 62,098.109375 USDT, with a narrowed 1.69% increase in 24 hours.

On Jun 27, 2024, 11:12 PM (UTC). According to Binance Market Data, BNB has dropped below 580 USDT and is now trading at 579.900024 USDT, with a narrowed 1.15% increase in 24 hours.

According to U.Today, the XRP token, associated with Ripple, has reached horizontal support at the $0.47 level, as reported by 100eyes Crypto Scanner. Over the past 24 hours, the token has seen a 2.5% decrease, underperforming compared to other major cryptocurrencies in the top 10. Support and resistance are crucial concepts often utilized by technical analysts. In this instance, the chart suggests that some buyers are prepared to buy the token at the $0.47 level. However, it's important to note that a support level can transform into resistance if there is an increase in bearish momentum. If this support level continues to be tested by bears, it may eventually succumb to the pressure of growing bearish momentum. The XRP token's price has fallen 13.5% over the past month, but it still shows significant gains on a year-to-date basis. Earlier today, Evai CEO Matthew Dixon predicted that the XRP token would soon see a bullish reversal. 'Technicals are screaming for a reversal higher,' Dixon said, referring to the aforementioned $0.47 support level. Dixon suggested that dollar-cost averaging around these levels could be a wise strategy for traders and investors interested in the XRP token.

According to U.Today, Notcoin (NOT), a play-to-earn token on The Open Network (TON), is making waves in the market with significant gains. The token's price has risen by 8.72% to $0.01571, a notable increase amid the ongoing consolidation in the broader cryptocurrency market. Furthermore, the 24-hour trading volume of Notcoin has seen a substantial increase of 66.21%, reaching $559.3 million. This surge in trading activity reflects the bullish sentiment of investors towards the coin. Over the past few weeks, the price of NOT has been performing well, with a surge of 212.19% over the last 30 days. This significant price increase demonstrates how Notcoin has outperformed other major cryptocurrencies in the market during this period. Today's surge suggests that NOT's upward momentum is not slowing down and may continue. Notcoin has also seen major developments recently. The team behind the coin announced a significant burn event on June 25, where $3 million worth of NOT were sent to dead wallets. This strategic move aims to optimize the tokenomics of NOT and the overall ecosystem. In the same announcement, the Notcoin team revealed an incentive program for its users, with approximately $4.2 million to be given to Notcoin Explore’s Gold and Platinum users. These developments have led traders to be optimistic about NOT's prospects. The recent surge in price and trading volume indicates strong community support for the coin. It is expected that the NOT price will benefit from this support and sustain its rally.

According to U.Today, the recent unexpected drop in Bitcoin's value may not be as dire as initially feared. Despite the initial sell-off by spot traders even before the U.S. government began selling Bitcoin, the market has not been flooded with the cryptocurrency. This lack of aggressive selling by institutions could potentially lead to the market stabilizing sooner than expected. The initial response to the increase in Bitcoin supply was sustained selling pressure. However, the market's reaction was relatively calm, with a few shorts opening in anticipation of the supply hitting the market. The primary activity, however, has been the closing of long positions. This suggests that while there is some bearish sentiment, many traders are not actively shorting the market but are instead stepping back. Despite the existing pressure, institutions have not been aggressively selling off Bitcoin. This restraint by major holders could have a beneficial effect. If institutional sales do not overwhelm the market, it may stabilize earlier than anticipated. The cautious response by institutions and the continued sell pressure in spot markets indicate an uncertain period ahead. However, if Bitcoin can maintain important support levels, it might be able to prevent a more severe drop. The U.S. government and other significant holders will play a crucial role in determining Bitcoin's price movement in the near future. While the possibility of a reversal exists, it would require substantial inflows, which are currently lacking.

JPMorgan Chase has issued an economic outlook suggesting potential market movements in the cryptocurrency sector. Analyst Nikolaos Panigirtzoglou highlighted in a recent report that Mt. Gox creditors might liquidate some of their Bitcoin holdings in July, potentially pressuring the market. However, a rebound is anticipated in August. Key Points from JPMorgan's Analysis - Mt. Gox Creditors: As per JPMorgan's analysis, Mt. Gox creditors face downside risks, similar to those recently seen by Gemini Earn creditors who liquidated some of their crypto assets. If the liquidation primarily occurs in July, this is likely to apply downward pressure on cryptocurrency prices during the month. - Market Rebound: The report suggests that once the liquidation phase concludes, particularly by August, the market is expected to rebound as the selling pressure diminishes. - FTX Repayments: Another significant development highlighted is FTX's upcoming cash repayments, estimated between $14 billion and $16 billion. These repayments are expected to occur shortly after the liquidation plan is approved on October 7. Analysts speculate that these funds could find their way back into the cryptocurrency markets, further supporting prices. Implications for the Cryptocurrency Market July Market Pressure: The potential liquidation from Mt. Gox creditors could lead to increased selling pressure in July. Investors might see short-term downturns due to this influx of Bitcoin into the market. August Rebound: As the liquidation pressures ease, August is expected to see a market rebound. Reduced selling pressure combined with potential reinvestment from FTX repayments could fuel this recovery. FTX's Influence: The anticipated $14-$16 billion repayments from FTX are crucial. These repayments could provide liquidity to cryptocurrency-native creditors who might reinvest in the market, supporting asset prices and stabilization. Analyst Insights Nikolaos Panigirtzoglou remarked, "Assuming that most of the liquidation of Mt. Gox creditors occurs in July, cryptocurrency prices will be further pressured in July, but will rebound from August. The potential inflows from FTX repayments could also serve as a significant catalyst for market recovery." This outlook underscores the interconnectedness of various cryptocurrency events and their collective impact on market dynamics. JPMorgan Chase's analysis provides a nuanced view of upcoming cryptocurrency market trends, highlighting the potential short-term pressures from Mt. Gox Bitcoin liquidations and the longer-term rebound supported by FTX repayments. These insights can aid investors in making informed decisions amidst the evolving market landscape.

The global cryptocurrency market cap now stands at $2.34T, up by 3.11% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $60,607 and $61,980 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $61,026, down by -0.78%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include BETA, RAD, and LISTA, up by 68%, 21%, and 13%, respectively. Top stories of the day: BNB Smart Chain Proposes BEP 341 to Boost Transaction Throughput with Consecutive Block Production Ethereum's Inflation Rate Increases Post-Dencun Upgrade US Government Emerges As One Of The Largest Bitcoin Holders Stablecoins Show Significant Growth, USDC Deposits Indicate Potential Market Recovery Analysts Predict Slowest Core PCE Inflation Rate This Year Ethereum Spot ETF Launch Date Lies in SEC's Hands Meme Cryptocurrencies Witness Notable Gains Despite Market Pessimism Mt. Gox to Repay Over 140,000 BTC, July Predicted Bullish for XRP, and Bitcoin May Reach $1 Million, Predicts Samson Mow Bitcoin Expected to Soar 10x and Rival U.S. Dollar, Predicts Crypto Trader Willy Woo US Dollar Index Hits 106, First Time Since May 1 Market movers: ETH: $3388.32 (+0.20%) BNB: $573.3 (-0.35%) SOL: $137.26 (+0.31%) XRP: $0.4695 (-0.93%) DOGE: $0.12242 (-2.24%) ADA: $0.3801 (-2.61%) TRX: $0.12326 (-0.73%) AVAX: $26.57 (+2.27%) SHIB: $0.0000171 (-3.01%) WBTC: $61091.81 (-0.80%) Top gainers on Binance: BETA/USDT (+68%) RAD/USDT (+21%) LISTA/USDT (+13%)

On Jun 27, 2024, 09:25 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 61,000 USDT benchmark and is now trading at 61,039.988281 USDT, with a narrowed narrowed 0.71% decrease in 24 hours.

According to Foresight News, Beta Finance (BETA) has seen a short-term increase, breaking the 0.07 USDT mark. The current report shows it standing at 0.067 USDT, marking an over 58% rise in the past 24 hours. This significant surge in value indicates a positive trend for Beta Finance in the cryptocurrency market.