CRYPTO MARKET ANALYSIS AND OUTLOOK FOR JUNE 12
TODAY'S OVERALL CRYPTO MARKET IS STABLE. AFTER YESTERDAY'S SLIGHT INCREASE, THE PRICE OF BITCOIN IS CURRENTLY FLUCTUATING AROUND $108,000, WITH RELATIVELY SMALL INTRADAY FLUCTUATIONS. ETHEREUM FOLLOWS THE TREND OF BITCOIN, WITH A PRICE STABLE AT AROUND $2,700.
FROM THE PERSPECTIVE OF MARKET TRADING VOLUME, ALTHOUGH THE OVERALL ACTIVITY HAS NOT INCREASED SIGNIFICANTLY, THERE ARE SIGNS OF A SLIGHT RECOVERY COMPARED WITH THE PREVIOUS FEW DAYS. THE TRADING VOLUME OF SOME MAINSTREAM CRYPTOCURRENCY TRADING PAIRS HAS INCREASED, INDICATING THAT THE ENTHUSIASM OF MARKET PARTICIPANTS IS GRADUALLY RECOVERING. THIS PHENOMENON MAY BE RELATED TO THE POSITIVE NEWS RELEASED IN THE MARKET RECENTLY, SUCH AS SOME LARGE FINANCIAL INSTITUTIONS GRADUALLY BECOMING OPEN TO CRYPTO ASSETS AND STARTING TO EXPLORE RELATED INVESTMENT OPPORTUNITIES.
