June 26 Cryptocurrency Market Outlook
The cryptocurrency market opened today with overall volatility, with Bitcoin prices hovering around $106,000, with a 24-hour price fluctuation of approximately 2%. Ethereum prices stood at $2,450, showing relatively stable performance. Among the top 50 cryptocurrencies by market capitalization, approximately 60% experienced price fluctuations, with intense competition between bulls and bears. Some cryptocurrencies closely tied to artificial intelligence and decentralized finance (DeFi) have performed notably well. For example, [specific cryptocurrency] saw a 5% price increase after announcing a new AI integration application plan.
Financial Institution Developments: Barclays Bank announced that it will prohibit the use of Barclays cards to purchase cryptocurrencies starting June 27, citing the “certain risks” associated with cryptocurrency investments. This decision reflects traditional financial institutions' cautious attitude toward the risks in the cryptocurrency market, which may restrict the funds of investors who rely on credit cards for cryptocurrency investments, potentially having a negative impact on market capital inflows in the short term. In contrast, Guotai Junan International has been approved by the Hong Kong Securities and Futures Commission to provide virtual asset trading services and related advisory services, bringing new expectations for capital inflows and business expansion to the market. This has boosted market confidence in the future prospects of the cryptocurrency industry and stimulated some investors to enter the market.
