Bitcoin has plunged to multi-day lows below $108,000 despite positive macroeconomic developments including a Federal Reserve rate cut. While most major cryptocurrencies followed BTC downward, several altcoins including ZEC and TRUMP tokens posted impressive gains against the market trend, creating a stark divergence in market performance during this correction period.
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0 in Finance and 1 in Crypto last week
                    Crypto ETPs See $223M Outflows After Fed’s Hawkish Remarks
Cryptocurrency exchange-traded products (ETPs) faced $223 million in outflows last week, breaking a 15-week streak of inflows, according to CoinShares. The reversal followed hawkish comments from the Federal Open Market Committee (FOMC) and better-than-expected US economic data. Despite an initial $883 million in inflows, the trend shifted mid-week as investors took profits amid rising uncertainty. The report highlights how macroeconomic factors continue to influence crypto investment flows.
read moreBitcoin Dips to $112K, XRP Joins Market Pullback
Bitcoin experienced a sharp correction, dropping to a three-week low of under $112,000 before rebounding slightly. The decline followed a period of sideways trading between $117,000 and $119,000, influenced by the US Fed’s decision to maintain key interest rates. Meanwhile, XRP lost its crucial $3 support level, falling 4% to under $2.90, while Ethereum and other altcoins like SOL and DOGE also saw minor declines. The total crypto market cap remained stable at $3.750 trillion, though it has shed $250 billion since Thursday. Bitcoin’s dominance over altcoins stayed above 60%, reflecting its resilience compared to the broader market.
read moreBitcoin Surges Past $106k as Geopolitical Tensions Ease
Bitcoin surged past $106,000 after US President Donald Trump announced an unexpected Iran-Israel ceasefire, reducing global tensions and boosting investor sentiment. The crypto market rallied strongly, with Bitcoin up 3.56% to $105,077.64 and altcoins like Ethereum and Solana gaining up to 13%. Analysts attribute the rebound to a risk-on shift, with further momentum possible if the Fed hints at rate cuts. Traders are closely monitoring Fed Chair Jerome Powell’s upcoming speech for policy clues. Bitcoin’s 24-hour range of $99,705 to $106,116 signals renewed bullish momentum, with altcoins following closely in the market recovery.
read moreEther Products See $296M Inflows Amid Fed Rate Decision Wait
Despite a general slowdown in crypto investment activity, Ether (ETH) exchange-traded products (ETPs) recorded $296 million in inflows last week—their strongest performance since the 2024 US election. According to CoinShares, Ether-based products now account for over 10.5% of total crypto ETP assets under management (AUM). The inflows suggest sustained investor confidence in Ether, even as markets brace for the Fed’s June rate decision, which could impact broader financial conditions.
read moreAltseason 2025 Imminent? Signs Point to Market Shift
Following Bitcoin’s surge to a new all-time high, attention has turned to altcoins, which remain below their peaks. Analysts like Vandell and AltcoinGordon suggest that despite higher US interest rates delaying the altseason, monetary expansion could soon drive capital into riskier assets like cryptocurrencies. Bitcoin dominance, a key market metric, has shown fluctuations, with some experts interpreting recent dips as early signs of an impending altseason. However, the market’s unpredictability means widespread anticipation of an altseason might not guarantee its arrival. Influencers like Crypto Rover and Carl Moon remain cautiously optimistic, citing ETH’s recent performance and Bitcoin dominance trends as indicators of a potential shift.
read moreSolana Price Surge Sparks Short Squeeze Risk Amid ETF Speculation
Solana’s price surged past $230, driven by speculation around an early Litecoin ETF approval, with significant short positions of $217 million at the $265 level leaving traders vulnerable to a potential short squeeze. As bullish momentum builds, a breakout above $250 could trigger aggressive buying, while resistance at $240 remains critical. However, failure to maintain support could lead to a retracement towards $194.49.
read moreTron and Ethereum Prices Plunge While Remittix Surges to New High
The crypto market has seen a significant decline, with Tron (TRX) and Ethereum (ETH) dropping over 7% in 24 hours due to strong economic indicators from the US Fed. TRX has lost 45% from its all-time high, now trading around $0.2400, while ETH fell to the $3,200 support level but has since rebounded above $3,300.In contrast, Remittix (RTX) has surged over 32%, reaching a new high of $0.0199, driven by its innovative PayFi solution that enhances cross-border payments. Analysts suggest that while TRX and ETH may recover, Remittix holds greater upside potential in the financial market.
read moreIndian Stock Market Faces Challenges Amid Slowing Economic Growth and Rising Yields
The Indian stock market faces ongoing challenges, with the Nifty 50 index down 11% from its peak due to factors like stretched valuations, weak earnings, and rising US treasury yields. Foreign portfolio investors have significantly sold off Indian equities, and while Q3 earnings may show slight improvement, overall growth remains slow, with GDP projected to grow at 6.4% for 2024-25, a four-year low. Caution is advised as market volatility is expected to continue amid these economic pressures.
read moreBitcoin Miners Face Challenges Amid Selling Pressure and Market Corrections
Bitcoin’s price has recently dipped below $95,000, causing significant selling pressure among miners who are now facing financial strain as their positions shift from “fairly paid” to “extremely underpaid.” As weaker miners exit, resilient ones may create buying opportunities for investors.Additionally, the 100-day MVRV ratio indicates that Bitcoin has not yet reached its peak for this cycle, currently standing at 2.14, suggesting potential for further price increases in the coming months.
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