June 15 Crypto Briefing

Market Sentiment:

Bullish: 40%

Bearish: 30%

Neutral: 30%

The Fear and Greed Index shows divergent market sentiment. The current value of http://Alternative.me is 60 (Greedy), while CoinMarketCap is 50 (Neutral), reflecting the uncertainty in the market.

According to data, Bitcoin (BTC) fell from about $105,680 to a low of $104,300, and then rebounded to $105,493 on June 15. Ethereum (ETH) also experienced a decline, falling from $2,560 to $2,488, and then rebounded to $2,529. XRP fell from $2.18 to $2.1 and is currently back to $2.14. TradingView data shows that more than $1 billion in long positions were liquidated during the period, and the market gradually stabilized after the decline.

Recently, due to the geopolitical tensions between Israel and Iran, the crypto market has experienced sharp fluctuations and the overall risk appetite has declined. However, judging from the price data, the market has recovered to a certain extent.

Today's News:

1. Trump Media spends $2.3 billion to buy Bitcoin

Trump Media's registration of a $2.3 billion Bitcoin vault transaction has taken effect, involving 50 investors. Bitcoin will be included in the balance sheet together with $759 million in cash and short-term investments, demonstrating the company's recognition of crypto assets.

Impact: This move strengthens the corporate recognition of Bitcoin as a means of storing value, which may lead more companies to follow suit and enhance market confidence.

2. Bitcoin is becoming a core asset in the investment portfolio

CNBC reported that Philippe Laffont, founder of Coatue, pointed out that the decline in Bitcoin volatility and the entry of institutions (such as the launch of BlackRock ETF in 2024) have made it a core configuration of the investment portfolio, with anti-inflation properties, and it is recommended to allocate 1-4%.

Impact: With the reduction in volatility and the continuous increase in institutions, Bitcoin is gradually becoming a mainstream asset allocation, which may drive long-term demand and price increases.

Wish you a smooth transaction and always keep DYOR!