🆕24h crypto market overview

⏰Monday, June 24, 2024

♨️Overview: The market continues to adjust over the last 2 days of the week. The selling pressure last week mainly came from the German government, from US ETFs and especially from miners (selling 30K BTC throughout June). Altcoins do not have much of a chance to recover as DOM remains high and BTC continues to correct since its ATH.

Regarding macro: this week the market will pay special attention to the weekend with big news from GDP, PCE and Core PCE of the US. PCE is still the FED's favorite core index for making monetary policy decisions.

♨️ETF Update:

▪️Today: Off

▪️Yesterday: ETFs had the 2nd consecutive week of negative cash flow after 5 consecutive positive weeks.

🎯Focus:

▪️Thursday: Q1 GDP and US initial unemployment insurance claims

▪️Friday: UK GDP; US PCE and Core PCE; The Fed reports monetary policy to the US House of Representatives.

❇️Top Increase/Decrease:

🟢$FTM 3%     🔴$WIF    9%

🟢 $TON   2%       🔴$ZRO   9%

🟢 $NEAR 0.2%     🔴$ENS  7%

🆕Hot News:

- Standard Chartered Becomes First Global Bank to Open Spot Trading for Bitcoin and ETH👉Bloomberg

- Companies that own the most Bitcoin currently: BlackRock: 305,614; Grayscale: 277,067; MicroStrategy: 226,331 BTC; Fidelity: 167,375; Tether: 75,354; ARK 21Shares Bitcoin ETF : 46,335👉Hold15Capital

- Japanese gaming giant Konami chooses Avalanche for its Resella NFT platform👉TheBlock