Author: Hotcoin Research
Cryptocurrency Market Performance
Currently, the total cryptocurrency market capitalization is $3.34 trillion, with BTC accounting for 61.55%, valued at $2.06 trillion. The stablecoin market cap is $251.7 billion, with a 0.33% increase in the past 7 days, of which USDT accounts for 62.23%.
This week, BTC's price has been range-bound, currently at $106,000; ETH is also range-bound, currently at $2,555.
Among the top 200 projects on CoinMarketCap, a small portion rose while most declined, including: AERO with a 7-day increase of 40.29%, KAIA with a 7-day increase of 27.7%, T with a 7-day increase of 24.32%, and PNUT with a 7-day increase of 11.06%.
This week, the US Bitcoin spot ETF had net inflows of $1.0454 billion; the US Ethereum spot ETF had net inflows of $40.3 million.
The "Fear & Greed Index" on June 20th was 48 (lower than last week), with a neutral sentiment over 7 days.
Market Forecast:
This week, stablecoins continued to be issued, with significant net inflows into the US Bitcoin spot ETF and Ethereum spot ETF. BTC and ETH remain range-bound. The RSI index is 40.86, indicating a neutral stance. The US June interest rate resolution was in line with market expectations, so prices did not fluctuate significantly. The Fear & Greed Index remains neutral.
Although institutions and listed companies continue to buy BTC, there is still hidden selling pressure, and community sentiment has not been stirred. Therefore, in the short term, upward momentum is weak. It is expected that BTC's price range next week will be $100,000-$105,000, and currently, it is recommended to make small purchases during dips. In June-July, if there are no major macroeconomic policy influences, the market will remain range-bound until the US stablecoin bill is officially issued in August or the Federal Reserve cuts rates, which could trigger a significant price increase. During the "trading garbage time", you can pay attention to some new coin opportunities. Hotcoin is not short of on-chain wealth codes worth noting.
[The rest of the translation follows the same professional and accurate approach, maintaining the original structure and translating all text while preserving any HTML tags.]3. Spanish coffee chain enterprise Vanadi Coffee SA will request authorization to implement a Bitcoin reserve strategy at the board meeting on June 29, planning to invest over $1.1 billion to purchase BTC and obtain financing permissions. Currently, the company has completed its first purchase, buying 5 BTC for $500,000.
Important Events
1. Bank of Korea (BOK) Governor Lee Chang-yong will meet with commercial bank presidents on the 23rd of this month at the Bank Hall in Jung-gu, Seoul, and is expected to discuss the issuance of a stablecoin based on the Korean won;
2. On June 24 at 22:00, Federal Reserve Chairman Powell will deliver his semi-annual monetary policy report testimony to the House Financial Services Committee;
3. On June 26 at 20:30, the United States will release the number of initial jobless claims for the week ending June 21;
4. On June 27 at 20:30, the United States will release the year-on-year core PCE price index for May.
Token Unlocks
1. Eigenlayer (EIGEN) will unlock 1.29 million tokens on June 25, valued at approximately $1.43 million, representing 0.42% of circulating supply;
2. IOTA (IOTA) will unlock 15.1 million tokens on June 25, valued at approximately $2.42 million, representing 0.39% of circulating supply;
3. Venom (VENOM) will unlock 59.13 million tokens on June 25, valued at approximately $9.58 million, representing 2.84% of circulating supply;
4. Moca Network (MOCA) will unlock 2.43 million tokens on June 27, valued at approximately $173,000, representing 0.08% of circulating supply.
