$WBTC $HYPER 📊 Daily Crypto Market Update 📊
1. Market Overview
- Global Market Cap: 3.40 (previously 3.39T) via Coingecko
- Top Movers: LAMBO, WBT, SKY, FARTCOIN, HYPE
2. Altcoin Market Trends 📈
- Alts had a small bounce which is typical after we have war FUD (as most whales/institutions look to buy the fear). Historically this has been a great strategy and will be something I look to do if we have another scare. Looking at the strong performers, we again have HYPE and FARTCOIN at the top. This is why I constantly preach to buy strong performers at major support levels. This will be a recurring theme during these major FUD events. We also have the AVAX eco continuing to gain traction with coins such as LAMBO and WIFE (which I believe will be the biggest runners). During times of uncertainty, there are always opportunities, you just have to put in the time and research.
3. Key News Headlines 📰
- Regulatory Updates: Trump Media's SEC registration for its Bitcoin Treasury is officially "effective."
- Partnerships or Integrations: Coinbase partners with Shopify to bring USDC payments to merchants
- Major Developments: Iran is reportedly planning strikes on US bases in Middle East.
4. Upcoming Events ⏩
- Expected passing of the Crypto Stablecoin Bill next week
- June 18th FOMC
5. Summary ✍️
The war between Israel and Iran continues to escalate as both countries attack one another, with Iran reportedly planning strikes on US bases in the Middle East. This came after Iran found out Trump approved the attack on Friday to destroy their nuclear bases. Let's hope things de-escalate and no US bases are struck (as that would only prolong this war and get the US involved directly). During this time, there's still opportunities to buy. We already spoke of the strong performers but ETH at 2470 and 2370 would be a good bid area imo and BTC at 102-103k and 96-99k. Right now I'm being patient and seeing how everything plays out.