BTC’s rebound that followed Trump’s assassination attempt continues as BTC posted a third straight green candle with little resistance to offer till $70k. However, we might see some profit booking at $65k given it is an important liquidity zone for the world’s largest crypto.
The biggest top mover in the last 24 hours in the top 100 cryptos remained memecoins, as PEPE (+26%), FLOKI (+24%), WIF(+24%), and BRETT(+20%) outperformed all other categories of coins which confirm the market sentiment that crypto community still finds value in the meme culture more than anything else and the current cycle might be far from over. However, memecoins also tend to drop much sharper than other coins, hence are extremely risky to invest or trade.
In another bullish development, Ether ETF issuers were reportedly told by the SEC that the ETFs could start trading as early as next Tuesday. For the same reason, ETH (+4%) outperformed BTC (-3.5%) in the last 24 hrs. ETH spot ETFs are expected to see an inflow of more than $5 billion to upwards of $20 billion in the first six months, according to top analysts.
