📊 Bitcoin & Ethereum Update
Bitcoin (BTC) is trading around $107.8K, down ~1.6% from yesterday’s high near $110.3 K .
Ethereum (ETH) is at approximately $2,753, slipping ~1% with intraday resistance near $2,800–$2,835 .
🌍 Overall Crypto Market
Global crypto market cap hovers around $3.4 T, down ~1.7% in 24 hrs .
After a strong May rally (+10.3% crypto market gain), markets are consolidating .
🔍 Market Sentiment & Drivers
A slight pullback followed softer inflation data, suggesting reduced volatility as the market matures .
On‑chain data shows selling pressure from short‑term holders and institutions, triggering a Bitcoin chill .
🛠️ Technical Levels & Trading Insights
Bitcoin is testing key support around $58K– $62K on crypto charts; oversold RSI signals may lure dip buyers .
Ethereum is consolidating below $2,800, with next resistance close to $2,835 .
🌐 Macro Impact & Institutional Flows
Lower volatility reflects growing institutional adoption, crypto being seen as a hedge .
Stablecoin adoption continues its ascent, with increasing use in payments and cross-border transfers .
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💬 Bottom Line:
After May’s strong rally, crypto markets are entering a consolidation phase. Bitcoin and Ethereum have pulled back ~1–2%, testing key levels. Watch $58K for BTC and $2,800 for ETH—holds here could spark next leg up. Meanwhile, institutional flows and stablecoin growth offer a bullish backdrop.
Curious about a specific coin or strategy? Ask away!
