$POL $WBTC $XMR $TRX $BCH📊 Daily Crypto Market Update 📊
1. Market Overview
- Global Market Cap: 3.38 (previously 3.40T) via Coingecko
- Top Movers: PI, LEO, BCH, XMR, WBT, TRX
2. Altcoin Market Trends 📈
- Alts are holding up much better than I though they would considering the constant strikes between Israel/Iran. As long as the US doesn't get involved, we should see a rebound very soon (possibly one last flush before higher). Look for strong alts during these consolidation phases and bid them at major support levels on the daily/weekly timeframes.
3. Key News Headlines 📰
- Regulatory Updates: SEC Meets Solana MEV Devs to Discuss Crypto Regulation
- Partnerships or Integrations: Klein Funding and Bybit Partner to Launch a New Era of Crypto Prop Trading
- Major Developments: The Israeli army urged all Iranians living near military sites to evacuate, foreshadowing a large attack.
4. Upcoming Events ⏩
- Expected passing of the Crypto Stablecoin Bill next week
- June 18th FOMC
5. Summary ✍️
The tensions between Israel and Iran continue to escalate after an exchange of missiles. Trump recently announced the US will join the fight against Iran "if we are attacked in any way, shape or form." Despite all of this, crypto remains resilient. This is very different compared to last cycle so I believe we're finally starting to see the de-coupling from outsides events. In saying that, there's still the possibility of another flush if the US/another country gets involved so always manage your risk accordingly and look for the strong performers relative to BTC.