June 11: CRYPTO MARKET UPDATE-2]
• The Most Published News
#Bitcoin nears all-time highs around $110,000 to $112,000, buoyed by sustained institutional ETF inflows, corporate treasury purchases (notably GameStop and American Bitcoin backed by the Trump family), and positive US-China trade developments. Ethereum also surged past $2,700 supported by strong institutional demand, ETFs, and staking activity hitting record highs at over 28% of total supply. Regulatory clarity is advancing notably with the US House’s CLARITY Act passing key committees and the SEC signaling likely approvals of altcoin ETFs, especially Solana, within weeks. Meanwhile, DeFi tokens such as @Aave and @Uniswap rallied strongly following the SEC Chair’s announcement supporting an innovation exemption for DeFi projects. Despite optimism, warnings persist about large leveraged long Bitcoin whale positions and risk of short-term pullbacks amid mixed technicals
