1. MicroStrategy / Michael Saylor ā Another BTC Buy Incoming š
Michael Saylor hinted at MicroStrategy possibly purchasing Bitcoin again for the 9th consecutive week, following a $1āÆbillion equity raise . This steady institutional accumulation typically buoy BTC sentiment.
2. Bitcoin Layerā2 āAlex Protocolā Hacked
An $8.3āÆmillion exploit hit Alex Protocol ā a reminder that security risks in layerā2s can rattle investor confidence, potentially suppressing shortāterm altcoin flows .
3. Ethereum Institutional Demand & Support at ~$2,500
BlackRockās apparent aggressive ETH buying is assisting Ethereum in holding near critical support at $2,500, with onāchain data pointing to growing institutional accumulation .
Additionally, Ethereum staking just surpassed $100āÆbillion, removing significant ETH supply from circulation and reducing sellāside pressure .
4. XRP Spot ETF Optimism
Speculation that a Spot XRP ETF could gain approval (estimated odds ~88%) is lifting sentiment for XRP, with resistance zones noted between $2.50ā$2.80 .
5. Broader Macro Events
USāChina trade talks commencing JuneāÆ9: Peace talks may ignite a riskāon rally beneficial to crypto; conversely, trade friction could trigger broader sellāoffs .
Federal Reserve pause on interest rates is widely expected, which could maintain favorable liquidity for speculative assets like crypto .
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