🔺The market is in the red zone: BTC loses -1.2%, dragging Ether and other altcoins down by -2..6%. Mid-tier projects are also dropping by up to -8%, and only a few tokens are rising against the market: ALGO and AVAIL are up +5%, while the HFT token has gained +77%.
🔺After a horrifically red Q1, Bitcoin and ETH close the second quarter in the green: up +29.7% and +36.4%. Ether continues to gain strength and shows confident inflows into spot ETFs for the 9th consecutive week. However, CryptoQuant analysts (in recent days) have noted an unpleasant surplus of BTC supply over demand + low activity in the Bitcoin network: investors are not interested in buying back.
🔺Locally, a conflict is flaring up again between Trump and Musk regarding a new bill that proposes another increase in the US national debt. In the background, ETH failed to hold above $2500 (for a continued upward movement) and is now targeting the first area of buyer interest at $2350..upon reaching this area, I may open a long position for a good bounce.
🔺Scammers have once again started sending SCAM tokens to SafePal, Trust Wallet, and other wallets. The tokens are disguised as 'original' and when interacting with them, a smart contract is activated that can withdraw all funds from the wallet. Ignore and do not touch such trash!
🔺Top gainers among the TOP-500 coins over the past week👇
