Explore my portfolio mix. Follow to see how I invest! The crypto market is broadly green and steady, supported by institutional flows, regulatory clarity on stablecoins, and positive macro signals. Bitcoin and Ethereum are consolidating at strong levels, while altcoins like Solana and XRP are attracting notable attention.
$BTC The crypto market is broadly green and steady, supported by institutional flows, regulatory clarity on stablecoins, and positive macro signals. Bitcoin and Ethereum are consolidating at strong levels, while altcoins like Solana and XRP are attracting notable attention.i🔍 What’s Driving the Uptick?
1. Institutional Demand & ETF Inflows
Strong interest in Bitcoin and Ethereum ETFs. Notably, ~$15 million flowed into Ethereum ETFs just yesterday .
Spot SOL ETFs filings suggest a growing appetite in altcoin institutional exposure .
2. **Stablecoin Legislation (GENIUS Act)**
The U.S. Senate approved this bill on June 18, requiring reserve-backed stablecoins and enhancing issuer transparency .
This legislation boosted Circle and Coinbase stocks and signals stronger crypto infrastructure .
#SwingTradingStrategy The crypto market is broadly green and steady, supported by institutional flows, regulatory clarity on stablecoins, and positive macro signals. Bitcoin and Ethereum are consolidating at strong levels, while altcoins like Solana and XRP are attracting notable attention.
Token Overview: WCT is the native utility and governance token of WalletConnect, a widely adopted multi-chain communication protocol that securely connects mobile and web wallets to dApps via service nodes and encrypted relays .
Main Utilities:
Staking & node operations: Stake WCT to run Service Nodes or participate in securing the network.
Governance: Vote on protocol changes, fee parameters, and network direction.
Incentives: Earn rewards and airdropped tokens through ecosystem activity .
Airdrops & Launchpool:
Initial airdrop targeted active users; extended to Solana wallet users through partnerships (Phantom, Solflare) .
Listed as Binance Launchpool project (#67) – users could farm WCT by staking BNB/USDC/FDUSD .
Funding & Backers: Supported by heavyweights like Coinbase Ventures, ConsenSys, HashKey, Circle, and others .
ICO/Raise: Raised ~$24.75 M via CoinList; total fundraising ~ $38 M . 📉 Price & Market Data
Current price ~$0.34 (mid April–May 2025 actual peak at $1.34, now down ~75%) .
Market cap ~$63 M with FDV ~$336 M .
Volume high (~$80M–85M daily), with strong listings on Binance, MEXC, Bitget .
$USDC Geopolitical uncertainty: Ongoing tensions between Israel and Iran are shaking risk-sensitive assets like Bitcoin and Ethereum. Bitcoin slipped around 0.7% to $106K amid these conflicts .
Technical liquidations: Many leveraged long positions were force-liquidated around the $106K BTC mark, adding further selling pressure .
Profit-taking after highs: Bitcoin neared its all-time high (~$111K), prompting some traders to cash out on the rally .
Macro factors: Cooling U.S. inflation data and a shaky Federal Reserve outlook have triggered mixed market signals. The recent pullback happened despite CPI bottoming out .
#MyTradingStyle Geopolitical uncertainty: Ongoing tensions between Israel and Iran are shaking risk-sensitive assets like Bitcoin and Ethereum. Bitcoin slipped around 0.7% to $106K amid these conflicts .
Technical liquidations: Many leveraged long positions were force-liquidated around the $106K BTC mark, adding further selling pressure .
Profit-taking after highs: Bitcoin neared its all-time high (~$111K), prompting some traders to cash out on the rally .
Macro factors: Cooling U.S. inflation data and a shaky Federal Reserve outlook have triggered mixed market signals. The recent pullback happened despite CPI bottoming out .