#BTC☀️ #ETH大涨 #ETFs

What you need to know about the cryptocurrency market on June 7.

Today, the cryptocurrency market continues to show dynamism. According to on-chain data, selling pressure on Bitcoin (BTC) and Ethereum (ETH) has decreased significantly. At the same time, related exchange-traded funds (ETFs) are also showing signs of capital inflows, indicating that the market may rise further in the short term. In addition, the European Central Bank's interest rate reduction policy in the past five years has also had a positive impact on the market.

In terms of market hot spots:

Cross-chain bridge project W has performed well in the market recently. With the launch of staking business, the market generally expects the opportunity to obtain airdrop tokens in the future, which further stimulates investor interest.

The local dog projects on the Solana and Base chains also showed strong momentum. It is particularly worth mentioning that the Mother project, launched by the well-known female singer Iggy, achieved an astonishing 3,000-fold increase in one week. At the same time, Brett, the largest meme project on the Base chain, also recorded a sharp increase.

The High project has attracted much attention recently. As a member of the Metaverse, the project announced its cooperation with the world's top 50 catering companies. This news has driven up its market price.

However, despite the overall market optimism, investors still need to remain cautious. Since the market has been heating up for some time, and important non-agricultural data will be released tonight, the results may have a positive or negative impact on the market. Therefore, it is recommended that investors should not blindly add positions today, but should lock in part of the profits in due course. Avoid potential market risks.