Here are the latest market updates on the Binance platform
📈 Market trends from Binance Research
Bitcoin (BTC) experienced sharp fluctuations last weekend due to rising geopolitical tensions between Iran and Israel, as it dropped to $98,000 before bouncing back strongly to $107,000, reflecting significant strength amid global pressures (binance.com).
Ethereum (ETH) was affected the most, dropping by as much as 17% before stabilizing around ~$2,400.
The market liquidated positions totaling $172 million over the past 24 hours, including $132 million in short positions against $40.2 million long positions (binance.com).
🌐 Overview of the overall market
The total market capitalization of cryptocurrencies is around $3.29 trillion, with slight changes over the past 24 hours (binance.com).
The Fear and Greed Index is at 49, indicating a clear state of neutrality among investors (binance.com).
The rise in OTC trading activities indicates ongoing institutional interest in the markets.
🚀 Significant movement in assets
Many small coins have seen remarkable gains:
PENGU (+23%), BANANAS31 (+20%), and W (+19%) over the last 24 hours (binance.com).
Strong gains were also seen for coins like VELO (+8.7%), SAHARA (+324%), HIFI (+32%), and RARE (+18%) (binance.com).
🔍 BNB predictions by the end of June
Binance platform analyses indicate the possibility of BNB rising to $715–740 if support is surpassed at $625–637 and resistance is broken at $670 (binance.com).
The current price is approximately $648, with moderate fluctuations supporting its use strategy on the platform (fees, Staking, Launchpad...).
🆕 Recently listed / upcoming coins
Several new coins have recently been listed on Binance: such as Spark (SPK) on June 17, Defi App (HOME) on June 12, and Resolv (RESOLV) on June 11 (cryptonews.com).
The Coinspeaker platform monitors about 12 projects expected to be listed in June, including Snorter Token (SNORT) and Bitcoin Hyper (HYPER) (coinspeaker.com).
🏛 External influences and analyses
The cryptocurrency market saw a 10.3% increase in May, led by BTC, which approached the $112,000 level, supported by strong activity in ETFs and NFTs and increasing institutional confidence (binance.com).
Nano Labs announced a plan to buy $1 billion worth of BNB, raising the price of BNB by about 2.7% and contributing to a doubling of its stock price in just days (investopedia.com).
🔎 What does all this mean for the Arab user and investor?
The market is experiencing high volatility but BTC's reaction shows new buying strength at support levels.
The focus is now on small coins with significant price movements, exposing them to quicker gains but with higher risks.
Awaiting new listings, early investment in projects like SNORT or HYPER may provide short-term opportunities—but requires careful monitoring.
A reduction in political pressures may drive BTC to achieve additional gains in the coming month.
Would you like to set up personal alerts for new listings or technical analyses (like RSI, MACD) for specific tokens? I’d be happy to help you with that 😊
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