Market Overview 📈
Yesterday (June 11), the crypto market extended its rally, buoyed by macro optimism and heavy institutional flows:
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Bitcoin traded between $108,331 and $110,400, settling around $109,476 as of 09:30 UTC, up ~0.2% on the day.
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Ethereum jumped from about $2,722 to a session high near $2,873, marking a 5.6% gain and its strongest ten-day performance.
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Total crypto market capitalization dipped slightly to $3.58 trillion, while 24-hour trading volume surged to $138 billion, the highest level in several days.
Crypto Market Sentiment
Overall sentiment turned decidedly bullish, underpinned by robust ETF inflows and on-chain momentum:
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Spot BTC ETFs recorded $431 million in inflows, and ETH ETFs extended their winning streak to 17 days, signaling strong institutional appetite.
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CME BTC futures open interest climbed to fresh highs, suggesting growing speculative positioning ahead of key macro releases.
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DeFi tokens outperformed: AAVE surged 3.8% in 24 hours after breaking resistance at $311.50, reflecting renewed optimism amidst potential regulatory relief.
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Stablecoin supply now exceeds $247 billion, prompting the U.S. Senate to advance the GENIUS Act for enhanced issuer oversight.
Key Developments
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Soft CPI & U.S.–China Trade Draft
A softer-than-expected May CPI release, coupled with a draft U.S.–China trade pact, eased dollar strength and catalyzed risk-asset flows, pushing BTC toward $110K and ETH above $2.8K.
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BlackRock’s ETH Buying Spree
BlackRock accelerated its Ethereum accumulation with $570 million invested over the past two weeks, underscoring growing confidence in ETH as an institutional asset.
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ETF Inflows Hit New Highs
Combined spot BTC and ETH ETF inflows reached record daily levels, reinforcing the view that regulated vehicles are driving the current bull phase. -
Landmark Crypto Bill Advances
The U.S. Senate voted 68–30 to advance a comprehensive crypto regulation bill, marking a pivotal step toward clearer federal oversight of digital assets.
