The global cryptocurrency market cap now stands at $2.42T, up by 3.44% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $62,043 and $64,429 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $62,126, down by -3.57%. Most major cryptocurrencies by market cap are trading lower. Market outperformers include MTL, CREAM, and POND, up by 22%, 5%, and 3%, respectively. Top stories of the day: Bitcoin May Follow Double Top Pattern, Predicts 10x Research Founder SEC and Ripple Labs Dispute Continues: Key Developments Cryptocurrency Investors Experience First Full Bull Market, Says Mechanism Capital Co-Founder CoinStats Security Breach Results In A Loss Of Approximately $2 Million Japanese Listed Company Metaplanet Approves Bitcoin Investment Farcana's FAR Wallet Suffers Hacker Attack, Team Works to Secure User Assets Tokenized Financial Assets Could Reach $20 Trillion By 2030, Analysts Predict  Will Bitcoin's $60K Support Hold? Key Factors Driving BTC Price Action This Week  Crypto Market Faces Losses Amid Doubts Over Federal Reserve's Rate Cut Scope  Bitcoin Dominates Other Asset Classes, Despite Recent Performance Dip Market movers: ETH: $3358.44 (-4.20%) BNB: $569.9 (-3.57%) SOL: $124.83 (-7.23%) XRP: $0.4748 (-2.72%) DOGE: $0.11777 (-6.04%) ADA: $0.3736 (-4.55%) TRX: $0.11854 (-1.24%) SHIB: $0.00001687 (-7.05%) AVAX: $24.34 (-5.73%) WBTC: $62201.43 (-3.42%) Top gainers on Binance: MTL/USDT (+22%) CREAM/USDT (+5%) POND/USDT (+3%)

According to Cointelegraph: Bitcoin sentiment is facing significant pressure as BTC price weakness has driven it to six-week lows. As the last week of June begins, Bitcoin is edging closer to retesting its lower price range, approaching the critical $60,000 support level. 1. BTC Price Hits New Six-Week Lows Current Price Levels: - Latest Movement: Bitcoin has dropped another 1.25% since the June 24 daily close, reaching around $62,823. - Lowest Since May 15: BTC/USD hit $62,128 on Bitstamp, marking the lowest level since May 15. BTC/USD 1-day chart. Source: TradingView Market Reaction: - Bullish Nerves Tested: Bulls are now facing the challenge of a 7% loss month-to-date, with key moving averages already given up. BTC liquidation heatmap (screenshot). Source: CoinGlass Trader Sentiments: - Crypto Ed: “BTC looks weaker than I expected and should see some more downside.” - Daan Crypto Trades: He highlights critical levels within Bitcoin’s multi-month trading range, emphasizing the importance of the "golden pocket" Fibonacci retracement level for a potential bounce. BTC/USDT perp chart. Source: Daan Crypto Trades 2. PCE Week and Fed Liquidity Key Economic Data: - Upcoming Releases: U.S. unemployment data (June 28), revised Q2 GDP figures, and the Personal Consumption Expenditures (PCE) index. - Impact on BTC: Previous sensitivity to employment data and the PCE’s influence as the Fed’s preferred inflation gauge could significantly impact Bitcoin’s direction. Fed target rate probabilities for September meeting. Source: CME Group Market Expectations: - Kobeissi Letter: Emphasizes the importance of these data releases in deterring stagflation fears. - Matthew Dixon: Predicts a lower-than-expected PCE read, potentially turning Bitcoin and other risk assets higher. 3. Stocks Outperform Crypto Stock Market Performance: - S&P 500 and Nasdaq: U.S. stocks have hit new highs, contrasting with crypto’s recent weakness. - Inverse Correlation: Highlighted by Kobeissi, who notes strong market risk appetite despite crypto’s decline. S&P 500 vs. total crypto market cap chart. Source: TradingView Fed’s Influence: - Liquidity Levels: Market commentator Tomas points out a $140 billion drop in Fed liquidity last week as a potential reason for Bitcoin's underperformance, although he suggests liquidity may be near local lows, implying a possible rebound. 4. Focus on Bitcoin Whales Whale Activity: - Order Book Spoofing: Recent weeks have seen spoofing activities driving prices towards liquidity, creating artificial volatility. - Accumulation Trends: Data shows mixed whale behaviour, but confidence is growing that current price levels around $62K are attracting whales. Market Impact: - MartyParty: Argues that whales have been buying the dip in record numbers, speculating on market manipulation by market makers. Bitcoin whale orders data. Source: MartyParty - CryptoQuant Analysis: Indicates an uptick in inflows to accumulation addresses since June 20. BTC inflows to accumulation addresses. Source: CryptoQuant 5. Decline in Crypto Sentiment Sentiment Indices: - Crypto Fear & Greed Index: Dropped to 51/100, nearing 2024 lows, indicating a shift towards fear from extreme greed a week ago. Crypto Fear & Greed Index (screenshot). Source: Alternative.me Market Commentary: - Santiment: Notes a rare level of fearmongering among BTC market participants. - Jelle: Describes the worsening sentiment as typical prelude to an all-time high run, similar to previous cycles. - IncomeSharks: Attributes low sentiment to overtrading in tough conditions, leading to losses. Bitcoin sentiment data. Source: Santiment Bitcoin faces a critical week ahead as it approaches $60,000, with sentiment and whale activity under the microscope. The impending economic data releases and Fed liquidity levels are expected to play pivotal roles in determining whether BTC can maintain its support and potentially set the stage for a rebound in the near future.

Bitcoin’s price has experienced a noticeable decline, falling below $63,000, concurrent with a dramatic decrease in high-value transactions conducted by Bitcoin whales. Data from Santiment reveals a 42% drop in transactions worth $100,000 or more, contributing to the market's bearish sentiment.   Key Market Movements Bitcoin Price Decline: - Current Price: Bitcoin has retraced from $64,685 to $63,422, further declining to $62,531 at the time of publication, according to CoinMarketCap. - Historical Context: This drop marks a significant setback as Bitcoin had recently been consolidating above $64,000. Bitcoin is down 2.92% over the past 24 hours. Source: CoinMarketCap Whale Transactions: - Transaction Volume: In the past two days, there were 9,923 Bitcoin whale transactions exceeding $100,000, down from 17,091 transactions recorded in the preceding two days – a 42% decline according to Santiment data. - Market Sentiment: The pullback in whale transactions is seen as a risk-off behavior, indicating a bearish shift among large-scale investors. Analysis and Insights Whale Behavior: - Risk-Off Mode: According to CryptoQuant CEO Ki Young Ju, whale traders on derivatives exchanges are in "risk-off mode." This term suggests a reduction in market risk appetite, often leading to decreased trading volumes and increased caution. Source: Ki Young Ju - Inter-Exchange Flow Pulse (IFP): The IFP turning red indicates a withdrawal of Bitcoin from derivatives exchanges, which typically prefaces or accompanies periods of declining prices. This red signal reflects a cautious approach where traders avoid leveraged positions in uncertain markets. Market Sentiment Indicators: - Crypto Fear and Greed Index: The index dropped to a “Neutral” score of 51, its lowest reading in 51 days since Bitcoin dipped below $60,000. This metric is critical for assessing overall market sentiment, showing a shift from greed towards a more cautious or neutral stance.   - ETF Outflows: Bitcoin spot ETFs have recorded significant outflows over the past six trading days, peaking at $226.2 million on June 13, as per Farside data. This outflow further underscores the retreat in bullish sentiment among institutional investors. Contrarian Indicators: - Sell-side Risk Ratio: Despite the negative trends, some analysts remain optimistic. Glassnode’s lead analyst, James Check, noted that the Bitcoin Sell-side Risk Ratio has reached levels indicating potential market movement. This ratio suggests that potential sell pressure from both profit-takers and loss-holders has been exhausted, suggesting a potential stabilization or new directional move. Implications for Investors Short-term Outlook: - Market Caution: The current decline, coupled with reduced whale activity, signals a period of heightened caution. Traders and investors might adopt a conservative or wait-and-see approach, looking for stronger market signals before making significant moves. - Volatility Risk: Investors should be prepared for potential volatility as the market adjusts to the new sentiment and trading activity levels. Monitoring key support and resistance levels will be crucial. Long-term Considerations: - Investment Timing: The observed market adjustments might present buying opportunities for long-term investors, particularly if sentiment begins to shift back to a more positive outlook. - Economic and Market Indicators: Keeping an eye on broader economic indicators, such as inflation and interest rates, along with regulatory developments, will provide better context and guidance for long-term strategies. Bitcoin’s fall below $63,000, driven by a marked reduction in whale transactions, reflects a cautious market sentiment. While short-term volatility is likely, some analysts see potential for stabilization based on sell-side exhaustion levels. Investors are advised to stay informed and consider both immediate market conditions and long-term indicators.

According to CryptoPotato, Shiba Inu (SHIB) is experiencing a continued dominance of sellers, pushing the cryptocurrency to new local lows. The key support level is currently at $0.000014, while the key resistance level is at $0.000018. The selling pressure has intensified, leading to the inability of buyers to maintain SHIB above the key resistance level. This has resulted in a lower low, further confirming the ongoing downtrend. The return of buyers is anticipated only when SHIB reaches the current support level. The past four weeks have seen the dominance of sellers, as indicated by the red weekly candles. This is further reflected in the bearish momentum indicators. The daily Relative Strength Index (RSI) is currently under 25 points, indicating an oversold condition. This level has not been seen since the bear market of 2023. The bearish momentum is intensifying, as indicated by the weekly Moving Average Convergence Divergence (MACD). The histogram is making lower lows, and the moving averages are in a free fall. There are no signs of a potential reversal, suggesting that this bearish momentum could persist for some time. The current market conditions for SHIB are reflective of the increased selling pressure and the absence of buyers.

According to CryptoPotato, XRP has been unable to break above the 54 cents resistance level, leading to a bearish takeover of the price action. The key support and resistance levels are currently at $0.43 and $0.54 respectively. The rejection at the 54 cents resistance has resulted in a sustained correction that has pushed XRP closer to its current support at 43 cents. There seems to be a lack of buyer interest at the moment. The only hope for XRP is to find strong support around 43 cents and attract buyers at this level. In the past, whenever the price tested this level, it spiked higher, generating interest in the cryptocurrency. However, buyers have been unable to break the resistance at 53 cents despite multiple attempts. This has encouraged sellers, leading to a bearish cross on the monthly timeframe for XRP. This bearish cross represents a significant shift in the price action. If the month of June closes in this manner, XRP may be in for a long correction. This suggests that the downtrend for XRP is continuing, and the cryptocurrency is struggling to find support and attract buyers.

According to Foresight News, BNB, a popular cryptocurrency, has experienced a short-term drop below 570 USDT. The current price stands at 569.8 USDT, marking a daily decline of 3.46%. This sudden drop in value is indicative of the volatile nature of the cryptocurrency market, where prices can fluctuate rapidly within a short span of time. Investors and traders are advised to keep a close watch on the market trends for BNB and other cryptocurrencies.

According to Foresight News, alternative data reveals that the Cryptocurrency Fear and Greed Index has dropped to 51 today, indicating a neutral state. This index is a crucial tool for understanding the market sentiment towards cryptocurrencies. A score of 51 suggests that the market is neither overly fearful nor excessively greedy, but rather in a balanced state. This could potentially influence investment decisions and market trends. However, it's important to note that the index is subject to fluctuations and should not be the sole determinant for investment strategies.

On Jun 24, 2024, 05:20 AM (UTC). According to Binance Market Data, BNB has dropped below 570 USDT and is now trading at 569.900024 USDT, with a narrowed 3.80% decrease in 24 hours.

According to CryptoPotato, the cryptocurrency market is currently facing a challenging period, with most altcoins experiencing significant declines in the last 24 hours. This article provides key updates on Ripple, Shiba Inu, and Cardano. Ripple recently achieved a significant milestone despite the ongoing legal battle between Ripple Labs and the United States Securities and Exchange Commission. On June 23rd, the XRP Ledger saw 10 million XRP tokens for the first time, indicating growing investor confidence despite the struggling market. Brad Garlinghouse, the CEO of Ripple, commented on a civil lawsuit in which he is a defendant, stating that the dismissal of allegations suggesting Ripple violated federal securities law is a 'big win' for the company. Shiba Inu's investor and marketing lead, Lucie, urged users to exercise extreme caution in the cryptocurrency space on June 22nd. On the same day, the burn rate of SHIB declined by almost 100%, possibly due to the lack of volatility and relative price stability at the time. However, data from Shibburn indicates that the burn rate has increased by 20% in the past 24 hours, with around 13 million SHIB tokens being destroyed. An AI-powered language model, ChatGPT, presented three different scenarios in which SHIB could increase by 372%, 845%, and 2736%, respectively, if Bitcoin reaches $1 million. Lastly, an analysis of Cardano (ADA) revealed the significant opportunity cost of holding ADA instead of BTC. The analyst found that ADA has lost around 90% of its value against BTC in the past 34 months. The analyst also highlighted ADA's shaky performance in recent years. While other altcoins such as XRP, ETH, TRX have also suffered against BTC, some like SOL and BNB have outperformed it.

On Jun 24, 2024, 02:55 AM (UTC). According to Binance Market Data, Ethereum (ETH) has dropped below 3,400 USDT and is now trading at 3,392.790039 USDT, with a narrowed 3.30% decrease in 24 hours.

According to Odaily, Nate Geraci, President of The ETF Store, has projected that by this time next year, the assets under management (AUM) of cryptocurrency spot ETFs will surpass that of physical gold ETFs. Geraci shared this prediction on platform X, indicating a significant shift in the investment landscape. Cryptocurrencies have been gaining traction in the financial market, with many investors seeing them as a viable alternative to traditional assets. The anticipated surpassing of physical gold ETFs by cryptocurrency spot ETFs is a testament to this growing trend. This shift could potentially redefine the dynamics of the investment market, with digital assets taking a more prominent role. However, it's important to note that this prediction is based on current market trends and could be subject to changes depending on various factors. These include regulatory developments, market volatility, and investor sentiment towards cryptocurrencies. As such, investors are advised to keep a close eye on the market and make informed decisions.

On Jun 24, 2024, 00:34 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 63,000 USDT and is now trading at 62,962 USDT, with a narrowed 2.32% decrease in 24 hours.

According to BlockBeats, BAKE's value has fallen below 0.3 USD. As of June 24, the current price stands at 0.2948 USD, marking a significant 24-hour decline of 25.87%. This substantial drop in value is noteworthy, indicating a potential shift in the market dynamics for BAKE. Further details regarding the cause of this decline or its potential impact on the broader market are yet to be revealed. Investors and market watchers are advised to keep a close eye on the situation as it develops.

On Jun 23, 2024, 22:27 PM(UTC). According to Binance Market Data, BNB has dropped below 580 USDT and is now trading at 579.799988 USDT, with a narrowed 1.65% decrease in 24 hours.

On Jun 23, 2024, 16:54 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 64,000 USDT and is now trading at 63,994.03125 USDT, with a narrowed 0.51% decrease in 24 hours.

According to CryptoPotato, Ripple is currently experiencing a prolonged consolidation phase, hovering near a decisive support region with minimal volatility and slight movements. An imminent breakout is expected, which will likely indicate the upcoming trend. A detailed analysis of the daily chart shows that Ripple has been consolidating between the substantial support of $0.47 and the crucial resistance of $0.55. The price is forming a sideways triangle pattern. The range’s upper boundary aligns with the 100-day and 200-day moving averages, making it a decisive level of supply and acting as robust resistance. The price is currently hovering around the triangle’s lower boundary at $0.47, approaching the narrow range of the pattern with minimal volatility. This action indicates a balance between buyers and sellers and hints at an imminent breakout. The direction of this breakout will likely determine Ripple’s trend in the mid-term. On the 4-hour chart, recent price action shows a break below a multi-week ascending trendline, followed by a retracement to the broken level, completing a pullback. This development indicates a bearish sentiment in the market, with sellers maintaining dominance, leading to retracements and fluctuations. The price has formed an ascending flag pattern, typically signaling a continuation of the preceding bearish trend. The price is nearing a critical juncture at the lower boundary of the ascending flag pattern, which aligns with the crucial support level of $0.47. A breakout below this juncture would likely trigger a cascade effect, with the next target being the significant support at $0.42.

According to PANews, data from Token Unlocks indicates that a significant one-time unlocking of ALT, YGG, OP, PRIME, and other tokens is expected next week. The total value of the tokens to be released exceeds $100 million. On June 25 at 8 a.m. Beijing time, approximately 4.66 million Acala (ACA) tokens will be unlocked. This represents 0.46% of the current circulating supply, with a value of about $330,000. Later the same day, at 6 p.m., approximately 105 million AltLayer (ALT) tokens will be unlocked. This represents 6.92% of the current circulating supply, with a value of about $20.3 million. On June 27 at 10 p.m., approximately 16.69 million Yield Guild Games (YGG) tokens will be unlocked. This represents 4.48% of the current circulating supply, with a value of about $10.7 million. On June 28 at 8 a.m., approximately 8.57 million SingularityNET (AGIX) tokens will be unlocked. This represents 0.67% of the current circulating supply, with a value of about $5.7 million. On June 30 at 11:30 a.m., approximately 90,000 Tornado Cash (TORN) tokens will be unlocked. This represents 2.41% of the current circulating supply, with a value of about $285,000. Earlier that day, at 8 a.m., approximately 750,000 Echelon Prime (PRIME) tokens will be unlocked. This represents 1.83% of the current circulating supply, with a value of about $8 million. Finally, also on June 30 at 8 a.m., approximately 31.34 million Optimism (OP) tokens will be unlocked. This represents 2.88% of the current circulating supply, with a value of about $56.7 million.

According to PANews, the cryptocurrency Rats (RATS) has seen a significant increase in its value, with a rise of over 52.4% in just 24 hours. The data, provided by Coingecko, shows that the current price of Rats is now at 0.0001125 USD. This substantial increase in value marks a notable event in the cryptocurrency market. The reasons behind this sudden surge are not specified, but it's clear that investors and traders in the cryptocurrency market are showing increased interest in Rats. This surge in value could potentially attract more investors, leading to further increases in its price. However, as with all investments, there are risks involved and potential investors should always conduct thorough research before making any decisions. It's worth noting that the cryptocurrency market is highly volatile and prices can fluctuate rapidly. Therefore, while Rats has experienced a significant increase in value, it's possible that its price could decrease just as quickly. Investors are advised to keep a close eye on market trends and make informed decisions.

The global cryptocurrency market cap now stands at $2.42T, up by 3.44% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $64,219 and $64,521 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $64,428, up by 0.18%. Most major cryptocurrencies by market cap are trading higher. Market outperformers include 1000SATS, MTL, and PEOPLE, up by 19%, 17%, and 12%, respectively. Top stories of the day: Binance Assists BtcTurk in Investigation, Freezes Over $5.3 Million in Stolen Funds  BNB Chain Launches Multi Datastore For BSC Geth, Enhancing Performance BNB Chain Updates Its High-Risk DApp Red Alarm Project List Dubai Financial Services Authority Launches Comprehensive Digital Asset Regime to Attract Global Web3 Companies CoinStats CEO Responds to Recent Security Incidents: Restoring Production Environment and Isolating Attackers DeFiance Capital's Official Account Hacked, Founder Issues Warning Dell Technologies Founder Michael Dell May Invest in Bitcoin, Sparking Market Expectations  BlackRock, Grayscale, and MicroStrategy Lead Bitcoin Holdings Globally Bitcoin Hits Five-Week Low, Altcoins Follow Suit Global Bitcoin ETFs Hold Over One Million BTC  Market movers: ETH: $3505.79 (+0.51%) BNB: $591 (+0.78%) SOL: $134.57 (+0.18%) XRP: $0.4881 (+0.68%) DOGE: $0.12533 (+1.31%) ADA: $0.3914 (+4.23%) SHIB: $0.00001815 (+1.11%) TRX: $0.12003 (+0.59%) AVAX: $25.82 (+2.22%) WBTC: $64426.86 (+0.17%) Top gainers on Binance: 1000SATS/USDT (+19%) MTL/USDT (+17%) PEOPLE/USDT (+12%)

According to Foresight News, the cryptocurrency RATS has shown a significant increase in its value. The intraday high reached 0.000138 USDT, with the current price standing at 0.000127 USDT. This represents a substantial 24-hour increase of 73.42%. The surge in the value of RATS indicates a positive trend in the market for this particular cryptocurrency.