Quick Facts of the Week

This week encryption the overall trend of the market ushered in a round of market pump, and the top Mainstream Token showed a rapid upward trend in prices near the closing session of the weekend, and the basic trend of the week showed a state of pump short term after Fluctuation. Although there was an upward pump market near the end of the week, it was more long due to the impact of the market cycle Fluctuation, and both short term coin prices and market volume increased. The overall market capitalization rise of the encryption market has increased compared to the same period last week and is currently around $2.35 trillion, down 1.25% fall in 24 hours. The market sentiment remained at 61, which can be seen as a signal for further upward pumping in the future. This week, the trend of key mainstream tokens basically showed a trend of rapid pumping after stable fluctuations, but the magnitude was relatively limited. On the whole encryption the market will usher in a wave of more obvious market changes at the end of the weekend, and the subsequent further pump fall trend needs to be combined.

Compared with last week, the total volume of the Crypto Assets market this week has returned to above $2.3 trillion, and the current market Fluctuation cycle is still continuing, but a new round of market changes should not be far away. The pump fall ratio of the top 100 Crypto Assets projects is 3:7 in a week, and the prices of coin long are affected by the short term Fluctuation have fluctuated, and the overall market changes have not yet really arrived. BTC price trend has pump significantly during the week, and it still maintains an upward trend, maintaining above $65,000, with a weekly pump fall range of about 4.43%. ETH has entered a downward trend after pumping, falling by about 2.91%, and is currently maintaining a fluctuation of around $2932.

The coin best-performing series in the market this week are MEME coin, ranking first at PEPE, with a 7-day pump of 18.87%, and the coin price is currently maintained around $0.00001012.

The overall Crypto Assets market is still in a state of large Fluctuation this week, and key market changes are expected during the weekend session.

Encryption market

🔥 encryption market ushered in a wave of upward pump in the week, and the market pump significantly during the weekend.

🔥 Token unlocks this week: $1 billion AEVO, $96 million APT, $92 million ARB, $77 million STRK, $55 million IMX, $20 million PIXEL, $19 million APE, $14.8 million ROSE, $11 million MANTA, $8.3 million RNDR, $4.3 million DYDX, $470,000 NYM, etc., for a total of about $1.4 billion.

🔥BounceBit: Users can now view the number of airdrops that can be claimed, and the airdrops will be distributed automatically.

🔥Pudgy Penguin plush toys have sold more than 1 million units in less than a year; Pudgy Toys has been listed on Target; Pudgy Penguins will launch Pudgy World alpha at zkSync Era this year.

🔥 The trading platform Rain was suspected of being attacked and lost nearly $15 million.

🔥 Tuesday 24h BTC +2.9%, ETH +2.6%; market capitalization top 500 pump fall≥30%: GME +230%, BB +45%.

🔥 The U.S. BTC Spot ETF had a net inflow of $66 million on Monday, and analysts believe that BTC ETF open interest will hit a new high (excluding AP/market makers).

🔥 Hong Kong BTC ETF showed net redemptions for 3 consecutive days.

🔥BounceBit Mainnet launched, launching long features such as Node stake and delegation.

🔥BB has a circulating market capitalization of $170 million and a total market capitalization of $890 million.

🔥TON on-chain USDT Circulating Supply amounted to $200 million.

🔥GameStop U.S. stocks big pump, related meme coins rose.

🔥 The desktop version of ChatGPT will be launched, and the flagship AI model GPT-4o will be launched, GPT-4o API is twice as fast as GPT-4-turbo, and half the price.

🔥Sonne Finance was hacked and has now lost more than $20 million.

🔥 U.S. Spot BTC ETF net inflows of $100.5 million on Tuesday.

🔥 The Wisconsin Board of Investment holds $99 million for BlackRock IBIT and $64 million for GBTC.

🔥Vitalik proposed EIP-7706 to add a new type of gas to transaction calldata.

🔥BlockTower Capital's primary Hedging fund was hacked.

🔥Lens Protocol says it is developing Lens Network, a blockchain network.

🔥 Thursday 24h BTC +6.4%, ETH +3.7%; market capitalization top 500 pump fall≥30%:P UPS +41%, PEOPLE +40%, BRETT +35%; PEPE and GME prices hit record highs; Alt coins are pumping.

🔥 U.S. BTC Spot ETF net inflows of about $300 million on Wednesday.

🔥Circle intends to relocate its legal base from Ireland to the United States.

🔥Blast announced that the Airdrop will launch on June 26.

🔥Scroll launched the loyalty program Session Zero point system.

🔥Eclipse founder leaves amid sexual harassment rumors.

🔥MakerDAO founder: will offer a second purely decentralized stablecoin, PureDai.

🔥A total of 1 million new Tokens have been launched since April, nearly half of which are memecoins on Solana.

🔥friend.tech: President Rewards and Club Key trading rebates are now available.

Regulatory & Macro Policy

🔥 Turkey plans to develop new rules for encryption regulation.

🔥 The Central Bank of the Philippines has approved PHPC, a stablecoin pegged to the peso.

🔥 Ghana intends to build Africa's first Blockchain-powered government to fight corruption.

🔥Tornado Cash co-founder was convicted by a Dutch court of Money Laundering and sentenced to 64 months in prison.

🔥 The US PPI recorded an annual rate of 2.2% in April, in line with expectations; Powell said that confidence in the decline in inflation is lower than before; Intrerest rates are more likely to remain the status quo than to raise them.

🔥 The comprehensive BTC Bill of Rights became law in Oklahoma.

🔥 U.S. CPI fell as expected in April.

🔥 Central Bank Governing Council: It is likely that interest rate cuts will start in June.

Encryption market highlights

⭐️ In the past week, the Crypto Assets market as a whole has pump, but the downward trend is still obvious, except for a small number of coin, most of the Mainstream Token prices although the overall pump, but the overall trend is still dominated by the fall. short term Fluctuation is the main trend of the week for most coin prices. What can be observed in the near future is that the volume of the encryption market continues to rise, and the overall rise momentum of the market is getting stronger Favourable Information and stronger.

⭐️ This week, the market as a whole has pump, although Xu long coin has experienced a more obvious pump fall, but the MEME section still shows a leading trend, long MEME coin a week increase is very obvious, although there is a certain market recurrence, but still maintain a high rise range. PEPE has pumped 19.26% for the week and is currently trading around $0.00001015. The one-week price high broke above $0.000012, and the low appeared around $0.000008248 at the opening session, ranking in the TOP1 pump for the week.

(Source: Coinmarketcap)

Bitcoin&Ether coin one-week performance

Bitcoin (BTC)

(Source: TradingView)

The price of BTC has pumped up this week, and the overall price changes during the day are more frequent, although the coin's earlier trend once falls below the lower key price level, and the market is very repetitive, but this week there is finally a more clear price pump trend. At present, the coin basically maintains continuous fluctuation above $65,000, and there is a certain pump trend at present. The weekly high of BTC was around $66,700, and the low was within the $60,500 range of the opening session.

According to the analysis, the price of BTC this week has begun to rise significantly due to the impact of coin Spot ETF inflow and encryption market dynamics, combined with the current market cycle, if there is a full-line general pump market, the current coin price trend BTC is relatively critical, but further observation is needed.

Ether coin (ETH)

(Source: TradingView)

The price trend of ETH during the week is similar to that of BTC, except that the actual price change of the coin is basically within a small range. And in the pump market near the end of the week, the ETH upward trend has not been maintained for too long, and it has now shown a continuous fall downward trend. The coin has a weekly high near $3,040 and a low near $2,870 at the beginning of the week.

According to the analysis, the performance of the ETH coin price performance this week is still affected by the coin related hot trends, and in the absence of obvious coin price support market, the performance in the ecosystem is also relatively flat, and the coin subsequent major market changes are more long likely to come from external news and regulatory changes.

Web3 Project Trends

This week, the total market capitalization pump fall of seven types of projects changed, due to the impact of market cycle changes and external news, each track also has different performance, the current market cycle has not seen particularly obvious actual changes, but the trend is gradually clear, the following week of each section or will usher in a more clear pump fall signal.

by Charles T. This article represents the views of the author only and does not constitute any trading advice. The content of this article is original, the copyright is owned by Gate.io, if you need to reprint, please indicate the author and source, otherwise you will be held legally responsible.