Empty! Market storm hits: Cryptocurrency market returns to its original form overnight, with a liquidation of 1 billion USD
1. Trump again criticizes Powell, calling for a 200 basis point rate cut. The market is highly focused on whether there will indeed be two rate cuts this year, becoming a key variable for the stock and crypto markets.
2. Bitcoin leads the decline, directly breaking down under the impact of the geopolitical conflict between Israel and Iran, with a sharp drop and support becoming precarious.
3. ETH's strength is no longer present, as the 'mask' is torn away under fire, rushing straight to lower levels with no resistance.
4. Altcoins collectively suffer heavy losses, the CEX sector is 'crippled,' the ETH/BTC trading pair breaks below the 0.025 mark, and leading altcoins such as AAVE, Virtual, and Launchcoin are also heavily impacted. This round of market action confirms once again: altcoins cannot be in a romantic relationship.
5. On-chain FOMO continues, with the Solana-based Meme coin $AURA reaching an FDV close to 200 million USD, the sentiment is explosive but extremely difficult to grasp, relying entirely on 'whales' controlling the market.
6. New listing enthusiasm is uneven, with the Virtual platform's
#IRIS new listing yielding high profits (200-500 times), but the participation threshold is high, making it more suitable for ordinary users to engage in activities like Binance Alpha, Virtual point new listings, Kaito, Cookie, etc.
7. Bad news keeps coming:
The SEC has once again delayed the approval of spot ETFs for Dogecoin, Hedera, and Avalanche;
The NFT tool platform Solsniper announced it will shut down at noon on June 13, indicating a clear retreat in the NFT market;
SharpLink Gaming plummeted nearly 70% after PIPE investors sold off;
Tencent may acquire the South Korean gaming giant Nexon, and upon news release,
$NXPC surged by 11% before retreating with the market.