Bitcoin
By maintaining prices around $62,500, the current bullish trend proves that Bitcoin can still experience positive price movements regardless of inflows into the US spot Bitcoin ETF, which saw $100 million in outflows in 4 days.
Altcoin market sees mixed trends
On the bright side, two memecoins Pepe (PEPE) and Floki (FLOKI) were two of the best performing projects on the market, both rising by more than 10% during the day.
Other projects such as Dogecoin (DOGE), NEAR Protocol (NEAR), Shiba Inu (SHIB), Render (RNDR), Bonk (BONK), Solana (SOL)... increased by 3-5%.
In contrast, projects such as Ethena (ENA), Lido DAO (LDO), Chiliz (CHZ), Worldcoin (WLD), Sei (SEI), Wormhole (W), Core (CORE), Pendle (PENDLE), Arweave (AR), Synthetix (SNX), Kaspa (KAS), THORChain (RUNE)… dropped 4-7%.
Ethereum (ETH) has yet to reclaim the $3,000 threshold following the pullback on May 10.
It has stabilized above the $2,900 mark and has risen slightly for three consecutive days.
(Personal opinion, not a recommendation)
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