Kategorie: Crypto News

• Crypto investment products saw inflows of $2 billion last week
• According to CoinShares, the inflows reached a 5-week streak, with Bitcoin seeing most of the interest.
• The total assets under management (AuM) in crypto ETPs crossed $100 billion for the first time since March.

Asset manager CoinShares has shared the latest insight into digital asset investment products flows.

In its weekly report published on Monday, the company says crypto exchange-traded products (ETPs) recorded inflows of $2 billion, hitting a 5-week run as Bitcoin’s price hovered near the key level of $70,000.

Crypto investment products see $2 billion in inflows

In the report, CoinShares head of research James Butterfill noted that inflows into digital assets investment products reached $2 billion, with most of this in Bitcoin (BTC).

With this flows, the crypto sector has extended the winning streak in terms of institutional inflows to 5 weeks. In total, the industry has recorded inflows to $4.3 billion in this period.

BTC dominates the weekly outlook with inflows of $1.97 billion, while Ethereum (ETH) notched $70 million. Data shows this was Ether’s best week since March.

“Unusually, inflows were seen across almost all providers, with a continued slowdown in outflows from incumbents. We believe this turn around in sentiment is a direct response to weaker than expected macro data in the US, bringing forward monetary policy rate cut expectations,” Butterfill noted.

As BTC price rose to near $72k on June 5, crypto ETPs saw the total assets under management (AuM) spike to over $100 billion, the first time it reached the milestone since March. Meanwhile, trading volumes across exchange-traded products hit to $12.8 billion this past week.

SEC’s approval of Ether ETFs key event

Key market events and news this past few weeks have included the approval of spot Ethereum ETFs by the US Securities and Exchange Commission (SEC). The regulator has recently given a nod to filings from multiple ETF issuers, including BlackRock, Fidelity, Grayscale and Bitwise.

Market anticipation around the debut of ETH ETFs has the altcoin market abuzz, with speculation shifting to what it all might mean for XRP, Solana and even Cardano.

The post Crypto investment products inflows hit $2 billion last week, BTC dominates appeared first on CoinJournal.

• Injective and ORDI soared in intraday trading today, leading the market as analysts predict the altseason is loading.
• Bitbot has wrapped up its token sale just as crypto sentiment flips bullish.

Injective (INJ) and ORDI (ORDI) are among altcoins to see decent gains this week as market anticipation for an altseason rises. INJ and ORDI tokens could continue higher as investors aggressively position.

Meanwhile, crypto traders are poised as the market eyes new momentum for top altcoins, memecoins, RWA and artificial intelligence (AI) tokens among other key sectors. Also emerging as a target for traders is Bitbot (BITBOT), a new trading bot set to go live on Telegram.

Discover why investors who missed the project’s presale may jump in when tokens go live on crypto exchanges.  

Injective surges as investors bet for more gains

Injective, the interoperable Layer-1 blockchain for decentralized finance (DeFi), has had a cracking 24 hours.

Trading volume has skyrocketed more than 90%, while price broke to highs of $30.92. INJ currently trades above a key resistance line and further strengthening looks likely amid various bullish catalysts.

On June 6, the project’s team released a new tokenomics paper on the native token INJ, highlighting its utility.

The news bolstered INJ price before further announcements, including integration of Japanese gaming platform Gumi as validator and launch of Injective’s first yield-bearing synthetic dollar, triggered more buying.

Injective also shared more positive developments, notably around GameFi, staking and a crypto conference in Vietnam.

ORDI soars double-digits as memecoins ignite frenzy

ORDI continues to attract attention since its debut in the Bitcoin ecosystem when it launched as the first BRC-20 token on the Ordinals protocol.

On Friday, ORDI price surged more than 11% to cross above $50.

The daily chart suggests bulls may find immediate support above $60, a scenario that opens up the all-time high of $95. It could then target price discovery with a breakout above the psychological level of $100.  

Bitbot token readies for market launch

New Telegram-based trading app Bitbot just wrapped up a stellar presale that raised over $4.3 million.

Investors who participated in the presale could soon have the opportunity to trade and potentially reap big when the BITBOT token lists on major exchanges.

While this milestone is creating a buzz in the market, there’s one thing that’s even more important for the crypto community- the launch of the world’s first non-custodial Telegram bot.

The main reason for the excitement is that the trading bot market is rapidly growing into a huge sector. Data shows bots across the market have reached over $25 billion in cumulative trading volume, while the average daily volume currently sits at over $164 million.

As bots become vital trading tools, users are now more inclined to go for not just the most innovative, but ones that offer enhanced security.

Bitbot stands out in this category with its non-custodial bot. AI integration and the availability of anti-MEV and anti-rug pull features cement its indispensable outlook.

Following the presale, the Bitbot team announced that the native token BITBOT will launch on exchanges for trading.

Meanwhile, the key product (bot) is ready for market debut with features such as trading interface, market data integration and staking. The developer team is working on the non-custodial wallet integration ahead of its launch.

What else adds to a bullish outlook for Bitbot?

Injective and ORDI’s gains, as with most other tokens registering decent gains, come as analysts predict crypto is on the cusp of a major altseason.

Pseudonymous crypto trader and analyst Moustache shared such a bullish outlook today, pointing to a technical analysis tool that traders use to identify price trends.

The Gaussian Channel indicator on the two-week chart shows a similar accumulation phase and retest pattern as seen before the last bull market.

According to the analyst, the indicator suggests crypto could be poised for its “biggest altseason” yet.

Bitbot, which could revolutionize the crypto trading market on Telegram, has the potential to be one of the outperformers.

The post Investors target Injective, ORDI gains ahead of Bitbot launch appeared first on CoinJournal.

• Analysts are bullish on Bitcoin, Ethereum as prices hover above $71k and 3.8k respectively.
• The outlook has investors eyeing new gems, with Memeinator (MMTR) potentially top target among memecoins.

Crypto traders have seen a massive run for memecoins over the past month or so. Meanwhile, Bitcoin spiked above $70,000 this week and has analysts projecting further gains amid unprecedented spot ETFs inflows.

While the current political buzz has several meme coins going parabolic, Memeinator (MMTR), a new market entrant, is among those likely to outperform in coming months largely due to its strong utility.

Bitcoin and crypto reacts to ECB rate cut

Crypocurrencies rose slightly as the European Central Bank (ECB) cut interest rates for the first time in five years. Market experts say the Fed and other central banks will soon follow this trend, aiding the long term outlook for Bitcoin (BTC) amid cheap money flow.

This week also saw reports emerge that Franklin Templeton, a $1.6 trillion asset manager, is looking to launch a crypto fund that will give investors exposure to cryptocurrencies other than Bitcoin and Ethereum. The fund will target institutional investors, The Information reported.

But notable from this is that crypto is on the ascendancy when it comes to the adoption curve, and recent traction in the spot ETFs market points to this.

For instance, Bitcoin ETFs recorded net inflows of $488 million on June 5, and $218 million on June 6. Over the past three days, net inflows have reached over $1.5 billion.

Analysts’ bullish price predictions for BTC, ETH

While prices have largely remained ranged for BTC and ETH, analysts are bullish on what’s next. Standard Chartered analysts this week projected Bitcoin could hit $100,000 ahead of the upcoming US election.

The Fear & Greed Index, currently at 78 and showing extreme greed suggests traders are confident, while open interest is at a historic $38 billion

Similar sentiment surrounds ETH. The total ETH futures Open Interest is currently over $16.6 billion as traders target the spot Ethereum ETF trading debut.

VanEck analysts recently noted that Ethereum price could rise to over $22k by 2030.

Crypto outlook and new gems like Memeinator (MMTR)

As top cryptocurrencies dominate bullish price predictions, analysts are also highlighting memecoins, AI tokens and the emerging Bitcoin-Fi (DeFi on Bitcoin) ecosystem as areas likely to see an epic bull market.

While the likes of Pepe and Floki have memecoin traders bolstering positions, Memeinator (MMTR) offers a new opportunity.

Memeinator recently made its trading debut after successfully navigating its presale. The project aims to be the top utility-focused meme coin, riding an ecosystem that includes a play-to-earn model, NFT marketplace and staking.

These features have Memeinator poised as one of the meme coins with a solid outlook in its growth trajectory. A big plus for Memeinator could be the upcoming launch of meme-inspired game Meme Warfare.

Although the token’s debut coincided with a broader dip for altcoins, MMTR price is above a key level.

The post Crypto traders eye Memeinator (MMTR) amid bullish projections for Bitcoin appeared first on CoinJournal.

• BRETT and BEERCOIN (BEER) witness three-digit price surges.
• KangaMoon (KANG) presale gains momentum as it nears end.
• KangaMoon presale has surpassed $7.9M with 86.9% tokens sold.

Recently, meme coins taken over the crypto market with their extraordinary price movements often catching investors by surprise. The past month, for instant, has seen BRETT and BEERCOIN (BEER) experience three-digit gains adding to the growing list of flying meme coins.

At the same time, another meme coin, Kangamoon, currently in the presale round is set to spoil the party with projected price movements once the presale comes to and end and the token gets listed on crypto exchanges.

BRETT following in PEPE’s footsteps on Base Chain

BRETT, Pepe’s best friend on Base Chain, has quickly become a symbol of cultural significance within the crypto community.

With its market value experiencing a staggering 268.16% increase in the past month alone, BRETT stands tall as a beacon of opportunity and community spirit.

As the mascot of Base Chain, BRETT’s rise in popularity reflects the growing enthusiasm for projects within the Base Chain ecosystem.

Investors are drawn to its potential for growth and its role in shaping the future of decentralized finance.

BEERCOIN (BEER) price soaring on toasting to universal enjoyment

BEERCOIN (BEER) isn’t just another token; it’s a celebration waiting to happen.

Described as “liquid gold,” BEERCOIN serves as the universal currency of enjoyment, transcending barriers of race and social status.

Its recent price surge, with a remarkable 55.33% increase over the past week according to Coinmarketcap, underscores its appeal to both seasoned investors and newcomers alike.

With a circulating supply of 549.76 billion BEER and a rapidly expanding ecosystem, BEERCOIN promises a toast-worthy journey filled with camaraderie and good times.

KangaMoon (KANG) presale gains momentum as it nears its end

Amidst the euphoria surrounding BRETT and BEERCOIN, KangaMoon (KANG) is making headlines for different reasons.

KangaMoon introduces itself as the next top meme coin, enticing meme enthusiasts with promises of real-world rewards through SocialFi and Play To Earn elements. Its ongoing presale has caused excitement among investors with over $7.9 million raised and 86.9% of tokens sold so far.

The success of the Kangamoon presale and price increments through the presale stages has attracted the attention of investors who are now waiting for the meme coin to list on crypto exchanges once the presale comes to an end.

With only 13.1% of the presale token supply remaining, investors have a limited opportunity to jump in and buy a stake of this intriguing memecoin project.

By incentivizing active participation and engagement through SocialFi and Play To Earn, KangaMoon aims to create a vibrant and inclusive ecosystem.

Participants in its presale are not only investing in a token but also in the vision of a thriving community of meme enthusiasts.

While Kangamoon (KANG), BRETT, and BEERCOIN (BEER) offer exciting opportunities for crypto investors, it is important for investors to due diligence before investing due to the volatile nature of cryptocurrency projects.

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