1. Market Overview
Yesterday, the global crypto market cap rose ~0.9%, reaching $3.31 trillion, as Bitcoin and several altcoins rebounded following recent volatility.
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Bitcoin climbed 1.2% to about $106,800 after holding above the $106K mark.
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Ethereum saw modest gains, nudging 0.1% higher to around $2,600, though it remains below recent highs.
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Solana surged ~7%, outpacing most top-tier tokens amid renewed buying interest.
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UNI jumped over 7%, breaking past $7.70, with analysts eyeing a move toward $10.
2. Crypto Market Sentiment
Investor sentiment showed signs of stabilization:
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Renewed U.S.–China trade tensions prompted some flight to crypto as a partial safe haven, even as broader risk-on dynamics resumed.
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The ongoing Israel–Iran conflict remained a critical backdrop, with cautious optimism emerging after reports of de‑escalation.
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Overall, crypto is increasingly viewed as a barometer of both risk appetite and geopolitical risk, with mixed reactions across assets.
3. Key Developments
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Trade & Safe‑Haven Dynamics: On June 16, Bitcoin dipped slightly (–0.3%) amid trade fears but rebounded as investors interpreted crypto as both a hedge against macro risk and risk-on instrument.
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Altcoin Standouts: Solana rallied ~7% and UNI surged 7.3%, with analyst Ali Martinez describing UNI’s move as “breaking out with momentum,” signaling increased interest in high-growth altcoins.
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Geopolitical Ripples: Mixed news—reports of Iran seeking to resume talks with Israel helped equities, while ongoing tensions kept crypto volatility elevated.
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Institutional Flows & ETFs: Despite short-term swings, ETF inflows persisted, with CoinShares reporting $1.9 billion inflows last week, confirming growing institutional conviction
