🐻 Why is Bitcoin Falling? BTC price has fallen by 6% since

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📈 2 cryptocurrencies to reach $10 billion market cap in the second half of the year The cryptocurrency market experienced volatile trading last week, starting on a high note only to reverse course by week’s end. Initially, optimism surged as several analysts predicted Bitcoin (BTC) would reach new highs. However, the release of robust U.S. job data on Friday altered the sentiment, resulting in a downturn in the crypto markets. Despite this, several cryptocurrencies are approaching significant market cap milestones, including the notable $10 billion mark. These predictions hinge not only on market conditions but also on the potential benefits of high supply inflation, which could lead to an increased market cap even if price movements remain minimal. Polkadot (#DOT ) & Chainlink (#LINK ) Polkadot (DOT), currently trading at $6.34 with a market cap of $9.14 billion, is on track to hit a $10 billion market cap by year-end. Despite recent market fluctuations, its ecosystem continues to grow, with a Total Value Locked (TVL) of $70,383 and key projects like Energy Web, Xcavate, and Phyken Network showcasing its expanding influence in the blockchain space. Polkadot’s integration of Real-World Assets (RWAs) and the upcoming release of Polkadot 2.0 are clear indicators of its commitment to innovation and mass adoption. The successful pilot project, Smart NAV, demonstrated the use of Chainlink’s interoperability protocol CCIP to standardize and disseminate net asset value (NAV) data across blockchains. This project highlighted Chainlink’s role in enabling on-chain use cases such as tokenized funds and smart contracts. With such significant industry support and real-world applications, Chainlink is on track to achieve a $10 billion market cap. It’s worth noting that despite being supported by several fundamentals, the possibility of the highlighted cryptocurrencies reaching the $10 billion mark will largely depend on market conditions. $DOT $LINK

📉📈 After the Sudden Decline in Bitcoin, Legendary Analyst il Capo Shares What to Expect Next Following the sudden decline in the cryptocurrency market today, Capo of Crypto, one of the most well-known analysts in the market and described as legendary by some, published a statement about Bitcoin. Bitcoin price dropped almost 5% today and fell to $66,123. The decline in question was also felt on the altcoin side. Altcoins also experienced a decline at approximately similar rates to BTC. In his last post, analyst il Capo of Crypto declared that the $67,000 level, which is of extremely high importance in his opinion, was broken downwards. However, despite this, the analyst thinks that demand still remains strong. On the other hand, touching on his scenarios and expectations, il Capo stated that exceeding the current level of $67,000 again would be in favor of the bulls. In addition, he said that the $65,000 level is another strong support point. According to the analyst, when the metrics are examined, the more likely scenario is that the $ 67,000 level is exceeded again, and this price movement will mean a deviation. The analyst also stated that his current position is “wait and see”. $BTC #BTC #Bitcoin

🌆 Ethereum Name Service tops NFT charts sales with over US$4.27 million The Ethereum Name Service (ENS) led CryptoSlam’s non-fungible token (NFT) market Monday with over US$4.27 million in sales. ENS is not directly categorized as an NFT collection but uses NFT technology. ENS is a decentralized domain name protocol on the Ethereum blockchain that allows users to convert Ethereum addresses into human-readable formats. This means that when you register an ENS domain, you receive a unique NFT that corresponds to your domain name, which can be transferred or sold just like any other NFT. The second-ranking collection for the day was the $PIZZA BRC-20 NFTs, which recorded sales of US$2.18 million. This collection, residing on the Bitcoin blockchain, experienced a decrease in sales after topping the charts on Sunday with US$7.12 million. The third spot was claimed by Guild of Guardians Avatars, on the Immutable network, with sales totaling US$1.24 million. Other notable collections on Monday’s leaderboard include the Blast’s Fantasy Top collection, which ranked fourth with sales of US$987,910, and the Genesis Fanta Field collection on Solana, which launched on Monday to debut in the top 10 with a total sales volume of US$635,539. The DMarket collection, on the Mythos network, joining other game-related NFTs in the day’s top 10 like Fantasy Top and Guild of Guardians, came in sixth with US$583,411. The Bored Ape Yacht Club, Yuga Labs’ flag ship NFT ranked second in all-time sales, came in seventh for the day with US$470,907, while Polygon-based OKX NFT Creation collection followed closely in eighth place with sales of US$414,817. Two more Polygon collections, the Matr1x Fire Weapon, and TTAvatars rounded up the top 10 with around US$350,000 in sales each. The Ethereum blockchain, led by ENS, led all blockchains in daily sales with US$8.45 million on Monday, up from US$4.51 million recorded the previous day. Bitcoin blockchain, saw a daily sales volume of US$4.11 million, dropping from the US$11.03 million reported on June 9. $ETH #ETH #NFT

🦊 7 Trillion Shiba Inu (SHIB) in 24 Hours: Is Shiba Finally Surging? With the dull performance of the Shiba Inu network on the weekend and Monday, we are finally seeing some resurgence, with the activity of whales ascending. Almost eight trillion Shiba Inu were transacted between various entities. New data shows that the Shiba Inu network has experienced a notable increase in the quantity of large transactions. The number of large transactions has increased significantly over the past 24 hours, totaling 153 compared to the seven-day low of 101. This increase in activity points to a resurgence of interest among the major players on the market — also known as whales. Significant amounts of SHIB are being moved by these whales, suggesting potential phases of accumulation or strategic positioning. In the course of this 24-hour period, more than 7.53 trillion SHIB were moved. This indicates that the market is seeing a surge in liquidity and activity as it has made a significant recovery from the seven-day low of 1.36 trillion SHIB. This newfound interest was anticipated after the market reached a seven-day high of 161 trillion SHIB on June 5, but the volume today shows that key players are still actively involved. SHIB is currently trading slightly below its 100 EMA at about $0.000022. SHIB is having difficulty hanging onto important support levels, as the recent price action suggests. The increase in big transactions may be a harbinger of future increases. SHIB may breach present resistance levels and aim for higher targets if the whales are gathering. $SHIB #SHIB

📣 Major Spot Ethereum ETF Update to Come This Week Despite the United States Securities and Exchange Commission (SEC) granting approval for a spot Ethereum ETF, the cryptocurrency world is still awaiting S-1 approval to usher in trading of the asset. Per a source in communication with the SEC, some comments are now anticipated this week. Nate Geraci, an analyst, in a post on X said that at least one of the several prospective issuers that filed an application will receive comments from the regulatory authority this week. 💬 Fwiw, at least one prospective spot eth ETF issuer anticipating SEC comments back on S-1 this week... Issuers would then file another round of amendments based on those comments. via Timccopeland — Nate Geraci Spot ETH ETF regulatory delays and issuer expectations Notably, since the May 31 deadline passed to submit the first draft of S-1 registrations, spot Ethereum ETF issuers have anticipated that the regulatory body would provide an update on the status of their application. To date, nothing definite has come from the Gary Gensler-led commission. Interestingly, issuers were optimistic that the SEC would provide comments on the drafts as of June 7. However, two of the issuers categorically stated that nothing was communicated from the SEC to them. The only communication from SEC Chairman Gary Gensler at a recent appearance on CNBC was ambiguous. The back and forth of the SEC prior to granting the 19b-4 approval led some issuers to drop out of the race. Notable among those that pulled out was Cathie Wood’s Ark Invest. The asset management firm, despite filing documents with the SEC in partnership with 21Shares to become an Ethereum ETF issuer, later withdrew. Ark Invest, in an official statement, noted that it continues to believe in Ethereum’s “transformative potential and long-term value.” However, Ark will no longer pursue an Ether ETF product. Stakeholders' concerns about spot Ethereum ETF $ETH #ETH

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