Crypto Market Trend
Date: June 10, 2024
Market Cap 24h Change: -0.81%
Reason:
The market has been down by -0.81% but the reason is not clear.
Date: June 9, 2024
Market Cap 24h Change: 0.78%
Reason:
The market has been up by 0.78% because of strong positive sentiment surrounding Bitcoin. The primary drivers appear to be significant rumors and speculation about the approval of a spot Bitcoin ETF, as well as bullish forecasts with some analysts predicting that Bitcoin could lift to $83K in the coming days. The increase in futures positions and record ETF inflows further support this optimism.
Date: June 8, 2024
Market Cap 24h Change: -0.37%
Reason: The market has been down by -0.37% but the reason is not clear.
Date: June 7, 2024
Market Cap 24h Change: -2.80%
Reason:
The market has been down by -2.8% but the reason is not clear.
Date: June 6, 2024
Market Cap 24h Change: -0.93%
Reason:
The market has been down by -0.93% but the reason is not clear.
Date: June 5, 2024
Market Cap 24h Change: 1.22%
Reason:
The market has been up by 1.22% because of several positive developments. Firstly, Bitcoin ETFs recorded their best day with no outflows netting $887 million, one of the highest daily inflows on record. Additionally, Bitcoin price has surged past $71,000, fuelled by these robust ETF inflows and favorable macroeconomic news like the Bank of Canada cutting its interest rate below 5%. These factors have significantly boosted market sentiment.
Date: June 4, 2024
Market Cap 24h Change: 2.09%
Reason:
The market has been up by 2.09% because of several positive developments. Firstly, the continuous inflow to US Bitcoin ETFs, marking 15 straight days of inflows, is significant, highlighted by Fidelity's substantial $77 million boost. Additionally, positive price action for Bitcoin has driven renewed interest in Grayscale's Bitcoin Trust (GBTC). Globally, the launch of new Bitcoin ETFs, such as in Thailand, further reinforces market optimism. Rumors of a potential spot Bitcoin ETF approval have also amplified trading activities. Lastly, Bitcoin's realized price surpassing $30,000 and Ethereum ETFs attracting potential $4 billion in the first five months also contribute to the overall positive sentiment.
Date: June 3, 2024
Market Cap 24h Change: 1.55%
Reason:
The market has been up by 1.55% but the reason is not clear.
Date: June 2, 2024
Market Cap 24h Change: -0.27%
Reason:
The market has been largely stable.
Date: June 1, 2024
Market Cap 24h Change: 0.64%
Reason:
The market has been up by 0.64% but the reason is not clear.
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