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#NOT🔥🔥🔥 Notcoin's player base has reached 40 million people. The token reacted with growth The team of the Web3 gaming project Notcoin, citing internal statistics, reported the growth of its user base to 40 million people. According to the developers' calculations, players have already earned $1.5 million in TON through 20 campaigns. The team expects a tenfold increase in this figure after the automation of new missions, which third-party projects will be able to launch independently. Also among the announcements: -- level assignment for new players; -- the ability to earn a percentage of the profits of invited friends; -- access for Gold and Platinum users to top token launches. Amid the announcement, Notcoin's price rose by 5%. According to CoinGecko, NOT is trading at $0.01826 at the time of writing. In two weeks, the increase amounted to 168.6%. On June 2, Notcoin hit an all-time high of $0.021. Its market capitalization surpassed the $2.75 billion mark. According to Dune, about 59,000 users own 795,000 NFT vouchers obtained in the premarket. Their capitalization is $324 million. Recall, on May 16, NOT was listed on the largest cryptocurrency exchanges. At the end of the month, the project launched a new type of missions for passive token earning.
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##bitcoin #ETFs Inflows into U.S. spot bitcoin ETFs fell to about $218 million -- On June 6, the U.S. spot bitcoin-ETF sector recorded a net inflow of $217.78 million. -- The positive trend has continued for 18 consecutive trading days. -- Three funds saw inflows, three recorded outflows. June 6, 2024 U.S. spot bitcoin-ETFs recorded $217.78 million in capital inflows, according to SoSo Value. Note that the positive trend in the U.S. bitcoin funds sector has been maintained for the 18th consecutive trading day. According to the platform, only three products received capital inflows on June 6. The crypto fund IBIT from BlacRock added $350 million to its balance sheet. FBTC from Fidelity took the second place by the inflow of funds - $3 million. The third is the investment product of VanEck - $2 million. The largest outflow was recorded by ARKB from Ark Invest and 21Shares - $97 million. $38 million was withdrawn from the convertible fund from Grayscale (GBTC). Another five crypto funds did not record either inflows or outflows of capital. The same trend is observed in the bitcoin and Ethereum-ETF sector in Hong Kong. Recall that on June 4, U.S. spot bitcoin-ETFs recorded the second largest capital inflow of all time.
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#bitcoin #Ethereum #xrp Bitcoin, Ethereum, Ripple: summarize the results of the week The BeInCrypto editorial team summarizes the results of the past week. We decided to take a look at the situation with the top cryptocurrencies, including bitcoin, and assess the prospects of the altcoin season The crypto market behaves differently with different assets. Bitcoin (BTC) is performing well, while Ethereum (ETH) and Ripple (XRP) are still struggling. Meanwhile, the growth opportunities for altcoins will depend on bitcoin's momentum. Altcoin season potential Juan Pellicer, senior analyst at IntoTheBlock, argues that multiple signals point to an approaching altcoin season. He says that in previous market cycles, altcoin seasons often began with a steady downward trend of BTC dominance, indicating a shift in market sentiment in favor of altcoins. This trend is a useful precursor. However, analyzing advanced onchain metrics is necessary to identify potential winners for the next altcoin season,” Pellicer said. "For example, the average time an asset is held by its holders can indicate its resilience. Assets that are held longer by investors can stage more sustained price rallies during bull markets. Onchain data related to whale behavior is also invaluable,” he added. Market growth also depends on the overall demand for crypto assets. The recent rise is a testament to this demand. However, stability becomes the next important issue. Expanding on this theme, Julio Moreno, head of research at Cryptoquant, told BeInCrypto's editorial team: "Stabilization and then a slight increase in bitcoin demand from regular holders and large holders (whales). This indicates an increase in demand this month compared to April. Permanent holders bought 74k BTC in the last 30 days, while whale demand increased by 5% m/m. We still need stronger demand growth among these investor categories for the price rally to be sustainable."
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#BTC Bitcoin showed a slight decline amid the release of US unemployment data — In May 2024, the unemployment rate in the United States rose to 4.0%. —Against this background, the price of bitcoin showed a slight decline. In May 2024, the unemployment rate in the United States rose to 4.0%, an increase of 0.1% compared to April. The total number of unemployed increased from 6.49 million to 6.6 million, this follows from the report of the Federal Bureau of Labor Statistics (BLS). Bitcoin showed a slight decline after the release of this data. The price of the first cryptocurrency fell by about 1% in the last hour. At the moment, the rate of the asset fell to $70,620, but later the price recovered and is now around $71,400. CoinDesk emphasized that after the BLS report, the chances of the US Federal Reserve lowering the interest rate increased. Before the release of the data, investors estimated the probability of such a move at about 55% during or before the September meeting. Note that the Ethereum exchange rate also showed a minimal fall. In the moment, the price of the asset fell below the $3800 mark. Recall, in April 2024, the unemployment rate in the United States rose to 3.9%. After the release of this data, bitcoin showed growth.
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Bitcoin could rise to $83k in coming days, analyst says -- 10x Research predicts a Rally to $83,000 based on technical analysis. -- A bull breakout is likely to happen on Friday or next week. According to 10x Research's technical analysis, Bitcoin (BTC) could rise to $83,000 as it completes a major bullish price pattern on the daily chart. A price move above $72,000 would confirm a breakout of the inverted head-and-shoulders pattern characterized by three price lows, with the middle one of ONE being the deepest. "It's only a matter of time before Bitcoin hits a new record high. The head-and-shoulders formation suggests a Rally to 83,000 soon, with the resistance line likely to be broken over the next few days. The ideal time for this resistance. breakout will occur either today, Friday, June 7, or next week, Wednesday, June 12,” said Markus Thielen, founder of 10x Research, in a note provided to CoinDesk. According to technical analysis theory, an inverted head-and-shoulders pattern usually forms after a downtrend and reverses upward after a breakout. The pattern rarely appears in an uptrending market, signaling a bullish continuation. A break above $72,000 depends on the U.S. non-farm payrolls data to be released on Friday at 12:30 UTC. According to Bloomberg, economists generally estimate that the economy added 180,000 jobs in May, nearly matching the 175,000 gain in April. The unemployment rate is expected to remain at 3.9% in May. The median estimate of average hourly earnings is 0.3%, slightly above April's pace, leading to a 3.9% increase in 12-month wages for the second consecutive month. Weak data could strengthen the case for a Fed rate cut, adding to the momentum in risk assets, including cryptocurrencies. Some investment banks already expect the central bank to move to resume liquidity easing through rate cuts in July.#BTC
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