🚨 Crypto Market Moves: What's Driving the Action? 🚨
📉 $BTC hovering near $104.9K, while $ETH trades around $2,520, both facing light pullbacks.
Here’s what’s behind the volatility:
1️⃣ Geopolitical Tensions: Middle East unrest (Israel-Iran) sparked a risk-off mood, briefly pushing $BTC below $103K.
2️⃣ Macro Signals: Softer U.S. inflation data has raised hopes for Fed rate cuts—good news for risk assets like crypto.
3️⃣ Institutional Inflows: Despite price dips, spot Bitcoin ETFs saw $86M in inflows (June 12) 📈. Circle’s IPO boom and Kraken, Gemini IPO plans show rising Wall Street interest.
4️⃣ EU Crypto Regulation: MiCA licensing is speeding up! Gemini, Coinbase, Crypto.com are already making moves in Europe 🇪🇺.
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