Crypto

Crypto Market Analysis

Crypto Market Analysis | 5 June 2024 

Crypto Market Analysis

BTC price is rising as market sentiment is bullish with Ether ETF trading expected to commence soon. The Bitcoin ETF has now had 15 consecutive days of net inflows with BlackRock’s IBIT now holding more than $20 billion worth of assets under management for the first time, out of which around $2.4 billion dollars coming in the last month, making it the third largest inflow in the entire ETF market.

On the other hand, Binance’s native token BNB has reached an all-time high after gaining more than 11%, a day after its former boss CZ began his jail term in California, USA.

However, the highlight of the day remained Telegram’s TON coin which also touched an all-time high after its native token NOT did a 4x in less than two weeks from listing.

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered investment/financial advice from CoinSwitch. Any action taken upon the information shall be at the user’s risk.

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