🔺The market is in mixed dynamics: BTC and Ether are once again stagnating, causing altcoins to move chaotically. The top and mid-tier coins are showing between -5% to +4%. Only a few coins are showing decent growth: the tokens ETHFI and XCN have increased by +9%, while the BOBA coin has surged by +25%.
🔺For thought: the heads of the largest investment houses and public crypto figures (CZ, Mike Saylor, Trump's son, Pantera Capital, Cointelegraph agency) have started to gradually throw around ideas of 'BTC at 500k' in this cycle and that the current price of the asset is 'strangely low'... Such statements (as a rule) tend to appear more frequently at the end of a growth phase: BTC (most likely) has already shown the majority of its movement.
🔺In the past month, one of the leaders in growth (among the top coins) has once again been the SUI coin, showing +87%. During April-May, the project established partnerships with Adidas, Trump's fund (WLF), and the Swiss fund '21Shares' recently filed an application with the SEC to launch and approve an ETF for the coin. For now, SUI is once again a favorite among altcoins.
🔺Yesterday, there was also a speech by J. Powell, in which the head of the Fed reiterated the 'great uncertainties' of the market and hinted that the fight against inflation continues and the regulator is not in a hurry to lower rates. The market has already priced in 2 pauses in rates at the next Fed meetings (June 18 and July 30).
🔺Meanwhile, BTC ranks 6th in market cap among all global top assets👇
