Latest news about Crypto Markets

Market sentiment is on the upswing, and even the New York Times is displaying a fair-minded approach.

CRV experienced a significant surge of over 7.6% following the purchase of more than $2 million worth of the token by Justin Sun, the founder of the Tron blockchain. On the other hand, ETH and SOL maintained a slightly negative trend, despite witnessing some upward movement in the past few hours.

Market analysts are on the edge of their seats, awaiting the Fed's next strategic move or eagerly seeking a crystal-clear understanding of the ETF's future direction.

'Inflation and rate concerns could be what [has been] keeping crypto prices depressed,' said Noelle Acheson

In May, the CPI plummeted to 4%, indicating a consistent downward trend. However, despite this decline, the Federal Reserve appears poised to proceed with a planned interest rate increase later this month.

The chief research officer of 3iQ, a digital asset manager, expressed that the leading cryptocurrency in terms of market capitalization is currently benefiting from the positive effects of various spot bitcoin ETF applications and other events that took place in June.

Bitcoin, the cryptocurrency with the highest market value globally, has failed to surpass the $30,000 threshold since April.

Ether and other leading cryptocurrencies remained predominantly in the green throughout the day.

Vetle Lunde, who made a prediction last week that Bitcoin would hit $45,000 in May, suggests that the market has stabilized following the removal of "rotten fruits" from the industry.

One analyst found it challenging to identify the exact cause of the hour-long surge, but there has been a recent boost in investor confidence regarding the cryptocurrency's future prospects since the banking crisis of last month.