Casual games explode, Computing Power projects compete fiercely, BTC fluctuates and altcoins generally fall.

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Crypto Market Weekly Report: Casual Games Erupt, Computing Power Projects Compete Fiercely

Macroeconomic Environment

Inflation in the U.S. fell to a three-year low in May, but the Federal Reserve still maintains expectations for one rate cut this year, appearing somewhat hawkish. U.S. stocks continue to hit new highs, while the crypto market experiences wide fluctuations. The Federal Reserve's cautious stance may leave room for maneuvering in future policies.

Crypto market weekly overview (6.10-6.16) Casual games experience explosive growth, Computing Power projects enter a fierce competition

Market Trends

This week, Bitcoin fluctuated, and altcoins generally fell. As Bitcoin continues to attract ETF inflows, the limited new funds in the overall market have constrained the performance of altcoins. In the past 90 days, only about 20 of the top 100 altcoins have outperformed Bitcoin. Market hotspots are concentrated on Base chain Meme coins, the Bitcoin ecosystem, and newly launched tokens.

Crypto Market Weekly Overview (6.10-6.16) Casual games see a surge, Computing Power projects compete fiercely

Projects worth paying attention to include:

  1. IO: A decentralized AI Computing Power project that may launch staking in the future.
  2. BRETT: Base chain head Meme coin.
  3. PIZZA: The first five-character inscription of Bitcoin, the first Meme coin for a certain BTC L2 wallet.

Crypto Market Weekly Overview (6.10-6.16) Casual Games Experience Explosion, Computing Power Projects Fight Intensifies

Bitcoin Data

  • The inscription trading volume has decreased, while the rune trading volume has surged to 60% of daily trading.
  • The market value of stablecoins increased by 1%, with a positive trend in capital inflows.
  • Institutional funds have seen net inflows for 5 consecutive weeks.
  • MVRV-Z Score is 2.3, which is at a moderate level.
  • The futures funding rate has slightly decreased.
  • The futures open interest has slightly decreased.
  • The futures long-short ratio is 1.3, and market sentiment is neutral.

Crypto market weekly overview (6.10-6.16) Casual games experience a surge, computing power projects compete fiercely

Crypto market weekly overview (6.10-6.16) Casual games usher in an explosion, computing power projects in fierce competition

Crypto market weekly summary (6.10-6.16) Casual games see explosive growth, computing power projects in fierce competition

Crypto market weekly overview (6.10-6.16) Casual games experience a boom, Computing Power projects competition heats up

Weekly Overview of the Crypto Market (6.10-6.16) Casual Games Experience a Surge, Computing Power Projects Battle Intensifies

Crypto Market Weekly Overview (6.10-6.16) Casual Games Surge, Computing Power Projects Intensify Competition

Crypto Market Weekly Review (6.10-6.16) Casual Games Experience Explosion, Computing Power Projects Intensify Competition

Crypto market weekly overview (6.10-6.16) Casual games experience a surge, computing power projects engage in fierce competition

Crypto Market Weekly Overview (6.10-6.16) Casual Games Experience Surge, Computing Power Projects Compete Intensively

Crypto Market Weekly Summary (6.10-6.16) Casual Games Explode, Computing Power Projects Compete Intensely

Crypto Market Weekly Review (6.10-6.16) Casual Games Explode, Computing Power Projects Clash Intensifies

Crypto Market Weekly Overview (6.10-6.16) Casual Games Experience Explosion, Computing Power Projects Fight Intensifies

Crypto market weekly overview (6.10-6.16) Casual games usher in an explosion, Computing Power projects fight intensively

Crypto market weekly summary (6.10-6.16) Casual games see an explosion, Computing Power projects in fierce competition

Bitcoin prices are experiencing wide fluctuations, and it is expected that this volatile market may continue until the end of July. Market liquidity is insufficient, with more opportunities in individual stocks than in sectors.

Public Chain Data

The total locked amount ( TVL ) is 111.6 billion USD, with a week-on-week increase of 1.6%. The TVL of major public chains generally decreased, with only the TRON chain increasing. It is worth noting that the TVL of the SOLANA chain is nearing 6 billion USD, with the potential to surpass BSC and TRON.

Crypto Market Weekly Summary (6.10-6.16) Casual Games Experience a Surge, Computing Power Projects Intensify Competition

Crypto market weekly review (6.10-6.16) Casual games see a surge, computing power projects in fierce competition

Crypto Market Weekly Summary (6.10-6.16) Casual Games Experience Explosion, Computing Power Projects Compete Intensely

Crypto Market Weekly Review (6.10-6.16) Casual Games Surge, Computing Power Projects Compete Fiercely

Crypto Market Weekly Overview (6.10-6.16) Casual Games Experience Explosion, Computing Power Projects Compete Intensively

Crypto Market Weekly Overview (6.10-6.16) Casual Games Experience Explosive Growth, Computing Power Projects Compete Intensively

NFT market

The overall trading volume in the NFT market has significantly declined, with the number of buyers decreasing accordingly. The floor prices of blue-chip projects vary, with CryptoPunks, BAYC, and MAYC experiencing declines, while Pandora and Pudgy Penguins have seen increases. Overall, the NFT market has not shown any significant improvement.

Crypto Market Weekly Review (6.10-6.16) Casual Games Experience Explosion, Computing Power Projects Intensify

Crypto market weekly review (6.10-6.16) Casual games experience a surge, Computing Power projects compete fiercely

Crypto Market Weekly Overview (6.10-6.16) Casual Games Experience Surge, Computing Power Projects Compete Intensely

Financing Situation

This week's main financing projects include the AI trading platform Kaito, the Web3 application development platform Thirdweb, and cover areas such as AI, infrastructure, DeFi, and more.

Crypto Market Weekly Overview (6.10-6.16) Casual Games Experience Explosive Growth, Computing Power Projects Compete Fiercely

Crypto market weekly overview (6.10-6.16) Casual games see a surge, Computing Power projects compete fiercely

Crypto Market Weekly Overview (6.10-6.16) Casual Games Experience a Surge, Computing Power Projects Intensify Competition

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0xInsomniavip
· 18h ago
bull run makes altcoins die faster haha
View OriginalReply0
AirdropF5Brovip
· 18h ago
Is there even a need to say? It's obviously the second half of a bull run, racing to grab the airdrop.
View OriginalReply0
MeaninglessGweivip
· 18h ago
When can we go bullish? Alts are losing a lot.
View OriginalReply0
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