Cryptocurrency Market Performance
Currently, the total cryptocurrency market capitalization is $3.34 trillion, with BTC accounting for 61.55%, valued at $2.06 trillion. Stablecoin market cap is $249.1 billion, with a 7-day increase of 0.72%, of which USDT accounts for 62.05%.
This week, BTC price has been range-bound, currently at $103,655; ETH is also range-bound, currently at $2,481.
Among the top 200 projects on CoinMarketCap, a small portion is rising while most are falling, including: SKY up 10% in 7 days, LA up 183.83% in 7 days, MASK up 47.53% in 7 days, ANIME up 37.33% in 7 days.
This week, US Bitcoin spot ETF net outflow: $130.8 million; US Ethereum spot ETF net inflow: $280.8 million.
The "Fear & Greed Index" on June 6 was 46 (lower than last week), with a neutral sentiment for 7 days.
Market Prediction:
Stablecoins continue to be issued this week, with US Bitcoin spot ETF showing net outflow, continuing last week's trend, and Ethereum spot ETF showing net inflow. BTC and ETH remain range-bound. The RSI index is 49.59, showing neutrality, with the Altcoin season index at 18. The US May seasonally adjusted non-farm employment numbers were higher than expected, with the "mini non-farm" employment index being the smallest increase since March 2023. The Fear & Greed Index remains neutral.
The probability of the Federal Reserve cutting rates by 25 basis points in June is only 2.6%, with rate cuts expected to start in Q3 this year. The market shows two scenarios: public companies "buying BTC" and spot ETF selling by profit-takers. Without major events or new liquidity inflows, BTC is expected to oscillate around $100,000-$105,000 next week. The progress of the Trump-Musk relationship can be observed.
[The rest of the translation follows the same professional and accurate approach, maintaining the specific cryptocurrency terminology translations as specified.]2. U.S. House Financial Services Committee Chairman French Hill has set the hearing date for the House Cryptocurrency Market Structure Act on June 10.
Token Unlocking
1. GMT (GMT) will unlock 85.97 million tokens on June 9, valued at approximately $4.33 million, representing 1.43% of circulation;
2. Vana (VANA) will unlock 14.80 million tokens on June 12, valued at approximately $94.48 million, representing 12.33% of circulation;
3. Immutable (IMX) will unlock 24.52 million tokens on June 13, valued at approximately $12.72 million, representing 1.23% of circulation;
4. Starknet (STRK) will unlock 163 million tokens on June 15, valued at approximately $21.59 million, representing 1.63% of circulation;
5. Sei (Sei) will unlock 224 million tokens on June 15, valued at approximately $42.61 million, representing 2.25% of circulation;
6. Horizen (Horizen) will unlock 810,000 tokens on June 15, valued at approximately $8.28 million, representing 3.89% of circulation.
About Us
Hotcoin Research, as the core research and investment hub of the Hotcoin ecosystem, focuses on providing professional in-depth analysis and forward-looking insights for global crypto asset investors. We build a three-in-one service system of "trend judgment + value mining + real-time tracking", offering precise market interpretation and practical strategies for investors at different levels through in-depth analysis of cryptocurrency industry trends, multi-dimensional assessment of potential projects, all-day market fluctuation monitoring, combined with the bi-weekly "Hotcoin Selection" strategy live broadcast and daily "Blockchain Today's Headlines" news briefing. Leveraging cutting-edge data analysis models and industry resource networks, we continuously empower novice investors to establish cognitive frameworks and help professional institutions capture alpha returns, jointly seizing value growth opportunities in the Web3 era.
Risk Warning
The cryptocurrency market is highly volatile, and investment itself carries risks. We strongly recommend that investors invest only after fully understanding these risks and within a strict risk management framework to ensure fund safety.
