🔹 What's Moving the Market
Traders are eyeing U.S. April inflation data (CPI: 2.5% forecast vs. 2.3% prior), as it could influence Fed policy—and crypto sentiment .
Institutional flows remain a bullish driver: Bitcoin saw ~$5.2B in ETF inflows in May; DeFi tokens outperformed with a 19% monthly gain .
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🔹 Altcoin Highlights
Altcoins are leading short-term, with some showing 8%+ intraday rallies .
Tenacious gainers include RPL, KMNO, KAIA (up ~20–30%) and pulse tokens like SUI & HYPE .
Presale buzz: “Solaxy” (Layer‑2 on Solana) has raised $47M, staking yields up to 86% APY—an intriguing pick for speculative flows .
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🔹 Stablecoins & Regulation
Total stablecoin supply is now $247B—~10% of U.S. cash supply—and growing fast .
Big institutions (Visa, Sony Bank) are increasing stablecoin usage, while regulators work on new frameworks (e.g., GENIUS Act, incoming Senate vote) .
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🔸 Trends & Themes to Watch
1. Key price retest: Bitcoin is testing support near $58K on spot charts—a make-or-break level for next directional move .
2. Macro catalyst: U.S. CPI data release (likely June 12–13)—watch for market reactions.
3. Institutional capital: Continued DeFi and ETF inflows, with major hedge funds and banks expanding crypto desks .
4. Regulatory evolution: Watch U.S. stablecoin bills and UK FCA’s ETN rollout—these could fuel mainstream adoption .