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VanEck HODL, Invesco BTCO, and Franklin EZBC Witness Net Inflows

According to Odaily, there has been a significant net inflow of funds into VanEck HODL, Invesco BTCO, and Franklin EZBC. Trader T's monitoring revealed that VanEck HODL saw a net inflow of 5 million USD yesterday. Invesco BTCO and Franklin EZBC also experienced substantial net inflows of 3 million USD and 2 million USD respectively. This financial movement indicates a growing interest and investment in these funds. However, it's important to note that the market's dynamics can change rapidly, and past performance is not indicative of future results. Investors are advised to conduct thorough research and consider their risk tolerance before investing in these or any other funds.
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Bitcoin(BTC) Surpasses 63,000 USDT with a 0.11% Increase in 24 Hours

On Jul 01, 2024, 23:17 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 63,000 USDT benchmark and is now trading at 63,001.109375 USDT, with a narrowed 0.11% increase in 24 hours.
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Bitcoin Price Shows Signs Of Recovery: Is The Correction Over?

According to CryptoPotato, Bitcoin's price is showing signs of recovery, raising questions about whether the recent correction has ended and if new all-time highs are still achievable. The price has been trending downwards since it failed to break above the $75K mark in early June. However, the $60K support level has proven to be robust, preventing further drops. Given the recent bullish candle, the market might be forming a bottom near the $60K mark and could soon start a new rally. This scenario remains valid as long as the $60K support level and the 200-day moving average, around the $58K mark, hold. The 4-hour chart also indicates a positive trend. The BTC price has finally broken above the bearish trendline that has been valid over the past month. This could be the first step towards a bullish reversal, provided the price stays above the trendline. The RSI is also showing values above 50%, suggesting that the momentum is turning bullish. As long as the price stays above the trendline and the $60K level, investors can remain optimistic that the correction has ended. On-chain metrics provide valuable insights into whether Bitcoin's price has truly found a bottom after weeks of bearish price action. The Bitcoin Exchange Reserve metric, which measures the amount of BTC held on exchange wallets, is one such metric. Increases indicate that investors are depositing their coins onto the exchanges for selling, while decreases suggest that holders are withdrawing their coins from the exchanges to keep in their personal wallets. The Exchange reserve metric has been rapidly declining over the past few months, although it has risen slightly recently. This suggests that many investors have likely sold their coins at the later stages of the recent price drop. While an increase in supply is generally not good for the price, it might indicate a capitulation phase that typically occurs at the end of bearish price moves. If the Exchange Reserve metric returns to its decreasing trend, the market could potentially reach a new all-time high soon.
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Binance Market Update (2024-07-01)

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 $61,346 and $63,818 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $62,836, up by 1.88%. Most major cryptocurrencies by market cap are trading higher. Market outperformers include ZRO, MLN, and ENS, up by 25%, 24%, and 22%, respectively. Top stories of the day: QCP Capital Predicts Bullish July for Bitcoin (BTC) and Ethereum (ETH) 10x Research: Three Bullish Market Indicators Signal Bitcoin Surge, Driven by Biden's Campaign Performance Crypto Markets Begin Recovery Led By Bitcoin, Economic Data May Influence Further Growth Chile's Main Financial Market Opens Trading for Bitcoin ETF Galaxy Digital CEO Anticipates Potential Approval of Solana ETF by SEC Japanese Listed Company Metaplanet Announces Further Increase in BTC Holdings Solana's Meme Token Platform Pump.Fun Revenue Surges By Nearly 63% Polymarket Hits Record Highs in Monthly Trading Volume and Active Users Ethereum Spot ETF Launch and Token Unlocks Expected in July  Roaring Kitty Faces Lawsuit Over Alleged Stock Price Manipulation Market movers: ETH: $3479.28 (+2.39%) BNB: $582.2 (+0.83%) SOL: $147.53 (+4.26%) XRP: $0.4806 (+1.14%) DOGE: $0.12543 (+1.83%) ADA: $0.4004 (+3.04%) AVAX: $29.95 (+5.31%) TRX: $0.12568 (+0.22%) SHIB: $0.00001719 (+0.41%) WBTC: $62873.07 (+1.87%) Top gainers on Binance: ZRO/USDT (+25%) MLN/USDT (+24%) ENS/USDT (+22%)
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