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1. What is Binance's Web3 Wallet?
Binance's Web3 Wallet is a self-managed cryptocurrency wallet within the Binance app designed to empower users in the decentralized finance (DeFi) sector. As a digital gateway for blockchain-based applications (dApps), the wallet provides users with a secure and affordable way to manage cryptocurrencies and perform token swaps. across multiple chains, earn yield, and interact with multiple blockchain platforms. Learn more about Web3 Wallet here.
2. What are the benefits of using Binance Web3 Wallet?
Binance's Web3 Wallet is the easiest way to participate in Web3. The wallet provides users with a secure and affordable way to manage cryptocurrencies, perform cross-chain token swaps, earn yield, and interact with multiple blockchain platforms.
Simple: Quickly create a wallet using the Binance app without having to worry about mnemonic phrases or private keys.
Convenience: Thanks to integration with Binance Bridge and other providers, Web3 Wallet promotes easy multi-chain token swaps at better prices. You can explore dApps and easily generate yield with just one tap.

#Write2Win Bitcoin price continues to decline and shows no signs of recovery this week. The overall cryptocurrency market is also experiencing a downturn, with most coins dropping in value over the past 24 hours.

Bitcoin repeats trading troubles
Bitcoin has struggled in recent days and has not been able to recover significantly. Santiment points out that “the crowd is largely scared or uninterested in BTC as the price fluctuates between $65,000 and $66,000.”

The analytics platform explains:

“This level of extended FUD is rare, as traders continue to capitulate. BTC trader fatigue combined with whale accumulation often leads to recovery, benefiting those who are patient.”

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Bitcoin Price Forecast: Why did BTC crash before the FOMC meeting?

June 12, 2024 07:40Follow Financial Investment on 

(ĐTTCO) - Bitcoin (BTC) retests the $67,000 support mark as the Fed begins the FOMC meeting. CPI data released on June 12 could determine whether BTC is bullish or bearish, with $72,000 and $64,000 seemingly within reach.

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A new sell-off trend is gaining momentum in the cryptocurrency market ahead of the Federal Open Market Committee (FOMC) in June, after losing support at $70,000 last weekend and $68,000 last week. On Tuesday, June 11, Bitcoin price signaled an extended downtrend at $66,000.

Meanwhile, it's been a big week for investors in both the stock and cryptocurrency markets. In addition to the FOMC meeting scheduled to begin during US business hours on Tuesday, the Bureau of Labor Statistics (BLS) will release the Consumer Price Index (CPI) on Wednesday, June 12.

Bitcoin is not the only digital asset in the red, major altcoins are also suffering from increasing volatility. Ethereum is down nearly 4% in 24 hours and 6.5% in 7 days, hovering at $3,530 at the time of writing.

Binance Coin (BNB) is finding support at $600 after exploding above $700 last week. Solana appears to be finding support at $150 after abandoning its previous uptrend targeting $200.

Cumulatively, the total cryptocurrency market capitalization has lost more than 3% of its value to $2.58 trillion.

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The cryptocurrency market has become extremely sensitive to Bitcoin (BTC) price fluctuations. The recent decline has caused altcoins to record double-digit losses. While some say this could be a good opportunity to “catch the bottom,” others warn of an impending sell-off.

Understand the cryptocurrency market outlook

Bitcoin's price fluctuations have become a key factor in controlling cryptocurrency market sentiment. Recently, altcoins have become extremely sensitive to the king of cryptocurrency. On Friday, BTC dropped 2.05%, causing major altcoins to slide 20%.

Due to the extremely sensitive connection between BTC and altcoins, open interest (OI) fell from $50.93 billion on Thursday to $46.85 billion on Sunday. This drop saw $4.21 billion in open interest wiped out by volatility on Friday

Contentos 2024 development roadmap: Expanding to SocialFi

On January 12, 2024, Contentos Foundation shared the latest development roadmap to emphasize the focus on building SocialFi in 2024. Accordingly, the roadmap will be divided into 3 areas. major, including ContentFi, SocialFi, Metaverse.

Allows users to set up multiple private chat rooms according to each topic, promoting and diversifying interaction.
Develop PASS self-pricing feature, optionally issue PASS with automatic price or fixed price.
Design and develop multiple games in closed chat rooms to increase participation rates and encourage users to stay.
Launched Game Center feature in Channel VIP to support contests and PASS trading activities for creators, thereby optimizing liquidity for PASS trading.
Set up an API to provide access to Channel VIP to external partners, to expand the platform's user base.

The current price of Contentos is $0.010913 per (COS / USD) with a current market cap of $55.81M USD. 24-hour trading volume is $92.68M USD. COS to USD prices are updated in real time. Contentos fluctuated -4.88% in the last 24 hours with a circulating supply of 5.11B.

Bitcoin surpasses 71,000 USD

Over the past 24 hours, the leading digital coin has gained an impressive 3.7%, pushing its price back above $71,000 from $68,700 on Tuesday, June 4. On May 4, Bitcoin had three consecutive large green candles, increasing nearly 3% and reclaiming the $70,000 level with the rest of the growth taking place.

This sudden and strong price increase can be explained by the huge daily inflows that spot Bitcoin ETFs experienced on Tuesday June 4 when they raked in a total of $887 million. This is the largest daily inflow since Bitcoin ETFs were approved in January.

BlackRock's iShares Bitcoin Trust (IBIT) attracted $274 million, while the ARK 21Shares Bitcoin ETF (ARKB) attracted significant inflows of $139 million.

Samson Mow commented on the strong buying when he tweeted that given the level of buying relative to the existing Bitcoin supply, “it is a miracle that Bitcoin has stayed below $0.07M for as long as it has. So".

Bitcoin price fluctuations may seem random to most people, but there are no random fluctuations in BTC price. Everything depends on key drivers, and the main driver for BTC is inflation.

At this point, traders who know how Bitcoin reacts to CPI data should confidently trade in the opposite direction of the change in CPI from the previous month.

“If inflation reaches 3.3% or lower in June, Bitcoin could reach an all-time high.”

Bitcoin's bull market is not over yet and major price increases will continue.

Last week, the Ethereum ETF chart turned from negative to positive, giving ETH and ETH-based altcoins a big boost, while Bitcoin saw relatively limited gains.

Furthermore, following today's Mt.Gox BTC transfer, while BTC investors are worried about the possibility of a decline.

The Bitcoin bull market is not over yet and massive gains will continue,

Comparing the MVRV ratio in historical bull markets, Bitcoin peaked after the MVRV ratio reached 4.83 and 3.97 in previous bull runs.

Currently the MVRV ratio has reached a maximum of 2.78 in this bull cycle, the increase will continue in June

Bitcoin is predicted to hit $80K by the end of May and $95K by June. Bitcoin is struggling to restart its long-term bull market, but one analyst believes we are just days away is to reach an all-time high of $80k.
The BitQuant analyst does not stop there and believes that it is very likely that BTC will reach $95k in June.

Bitcoin Price Summary
Bitcoin price today is US$68,141.73, with a 24-hour trading volume of $27.09 B. BTC has changed +0.68% over the past 24 hours. Price is currently down -3.50% from its 7-day high of $70,610.45, and up 2.35% from its 7-day low of $66,578.25. BTC has a current supply of 19.71 M BTC and a maximum supply of 21.M BTC.