🆕24h crypto market overview

⏰Tuesday, June 25, 2024

♨️Overview:

Digital asset investment products saw capital outflows for the second consecutive week totaling $584M, a total decrease of $1.2B. This is a response to investors' pessimism about the FED's interest rate cuts this year.

The market continued to adjust deeply in the first trading session of the week with a lot of unfavorable news. Solana is said to be under investigation while ghosting MT. Gox continued to spread fear just as the market was weakening. Accordingly, MtGox is expected to refund victims from the beginning of July (earlier than expected in October), making the market even more difficult. However, this correction of Bitcoin did not drag Atlcoin dump too deep as DOM showed signs of strong decline, creating an opportunity for Altcoin to recover well.

♨️ETF Update:

▪️Today: GBTC -1.43K IBIT FBTC ARKB BITB BTCO HOLD BRRR EZBC -330 BTCW 🔴 TOTAL -1.76K

▪️Yesterday: Off

🎯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:

🟢$FET 18%     🔴$ORDI    9%

🟢$WIF   16%   🔴$GNO   7%

🟢$LDO 0.2%     🔴$UNI  5%

🆕Hot News:

- Korea's largest crypto exchange announces blockchain list L2 BLAST👉Upbit

- Binance lab invests in Berachain with an undisclosed investment👉TheBlock

- Pancakeswap is the project with the highest number of governance token holders 👉Token Terminal

- President Biden invites former crypto advisor Carole House to work in the context of Trump actively supporting crypto👉DLNews