☕ BTC Above $107k and the Strength of the DePIN Narrative!
Sunday (29/06):
🌡️ BTC Thermometer: Bitcoin maintains crucial support, trading steadily around ~$107,100. The absence of bad news over the weekend helps create a floor, and the sentiment is one of cautious optimism as the market awaits next week's triggers.
📈 Market Highlights:
* Winners: The DePIN narrative (Decentralized Physical Infrastructure) shows remarkable strength today. $LPT (Livepeer) and $BICO (Biconomy) are among the biggest gainers, indicating that capital is seeking infrastructure projects with solid fundamentals.
* Losers: We see profit-taking in tokens that have performed well recently, along with ongoing weakness in some Layer 2 tokens, which are undergoing a broader correction.
🔥 Narrative of the Day: DePIN Shows Resilience. In a market searching for direction, infrastructure projects like Livepeer (focused on decentralized video) stand out. This shows market maturity, which begins to value real and sustainable use cases.
🗓️ Week's Agenda: Calm Sunday, but get ready! Next week will be volatile with inflation data from the Eurozone and, most importantly, the US employment report (Non-Farm Payrolls) on Friday.
Today's scenario is of a stable BTC allowing strong narratives like DePIN to shine. Keep an eye on these infrastructure projects!
