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$XRP Ripple escrow timelock expired on Monday, and one billion XRP tokens were unlocked. The one billion token unlock is part of Ripple’s unlocks scheduled till January 2025. XRP hovers around $0.48 on Tuesday, adding more than 1% to its value on the day.

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$ENS #ens 💪🏻😍

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Bitcoin trades near key levels The possibility of higher-for-longer U.S. borrowing costs has dampened enthusiasm for the cryptocurrency market, with bitcoin being the world’s biggest cryptocurrency. A series of Federal Reserve officials have made it clear that they need to see more progress in taming inflation, even after last week’s weaker-than-expected U.S. inflation data, resulting in the U.S. central bank forecasting only one interest rate cut this year, compared to the prior forecast for three cuts. At the same time, recent data, including Tuesday’s U.S. retail sales release, suggested that consumers are feeling the pinch of the elevated interest rates. Activity is likely to be limited Wednesday, with the U.S. celebrating the Juneteenth holiday, but bitcoin could be trading near key levels that could determine the short-term trajectory of the largest crypto asset. Bitcoin now exhibits the potential to rebound toward $67,000, according to the analytics platform Glassnode. However, this level may create resistance, and overcoming it could set the digital currency on a path toward an even higher target of $69,500. On the flip side, the $65,000 mark is being watched as a crucial psychological support level, one that could play a pivotal role in maintaining investor confidence. Bitcoin hit a record of $73,797.68 on March 14, and it last tested that level at the beginning of June. 63300 & 59800 is our support levels 👍🏻

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Bitcoin price triggered a quick 2.05% downtick on Friday. Despite being a small downturn, altcoins took a massive hit and are down by double digits. BTC’s uncertainty has created a dilemma on whether they should buy the dip or sell. The cryptocurrency market has been extremely sensitive to Bitcoin (BTC) price moves lately. The recent crash caused altcoins to register double-digit losses. While some argue this could be a good opportunity to buy the dip, others warn of an impending sell-off. Bitcoin price moves have been key in controlling the crypto market sentiment. But lately, the altcoin sector has become extremely sensitive to pioneer crypto. On Friday, BTC shed 2.05%, which caused major altcoins to slide 20%. Due to this highly sensitive connection between BTC and altcoins, the Open Interest (OI) dropped from $50.93 billion on Thursday to $46.85 billion on Sunday. This drop indicates that $4.21 billion in OI was wiped due to the move on Friday. As a result of Friday's market crash, $300 million worth of positions were wiped out. Of this, $254 million belong to the bulls.

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Ethereum open interest surges by 50%, SEC Chair says ETH ETF launch will take more time Ethereum ETFs ‘will take some time’ before they launch, according to SEC Chair. ETH's open interest on exchanges surged 50% to a new all-time high after SEC’s U-turn towards ETH ETFs. New accumulating addresses holding 10-10K and 10K-100K ETH have grown steadily after ETH ETF 19b-4 approvals. Ethereum (ETH) price hovered around $3,860 on Wednesday following Securities & Exchange Commission (SEC) Chair Gary Gensler expressing his opinion that the launch of spot ETH ETFs may be delayed. Meanwhile, Ethereum derivatives products on exchanges have seen a surge in open interest (OI). Daily digest market movers: ETH ETFs delay, rising open interest, new accumulating addresses growth In an interview with CNBC on Wednesday, SEC Chair Gary Gensler said spot ETH ETFs would "take some time" before they go live on exchanges, indicating S-1 approvals are not imminent. He noted that his agency is still working on disclosure measures with exchanges.

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