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Cointime News Wrapup-Afternoon Version: Crypto Investors Spent $4.6B Buying 'Pump and Dump' Tokens Last Year
To smooth and facilitate the reading experience for all users, we hereby compose this wrapup, especially for users who cannot check out what’s going on in a timely manner.
Market data shows that BTC has fallen below $61,000, currently priced at $60,996, with a 24-hour decline of 1.15%. The market is experiencing significant volatility, so please ensure proper risk management.
Market data shows that BTC has surpassed $61,000, currently priced at $61,005.65, with a 24-hour decline of 3.74%. The market is experiencing significant volatility, so please ensure proper risk management.
On June 6, market data showed that USDT's market capitalization surpassed that of ETH, making it the second largest cryptocurrency by market cap. As of now, USDT's market cap stands at $187.034 billion, while ETH's market cap is $184.423 billion.
Market data shows that BTC has fallen below $60,000, currently priced at $59,995.63, with a 24-hour decline of 4.36%. The market is experiencing significant volatility, so please ensure proper risk management.
Market data shows that BTC briefly dropped below $60,000, currently recovering to $61,290.9, with a 24-hour decline of 3.5%. The market is experiencing significant volatility, so please ensure proper risk management.
On June 5, Liquid Capital (formerly LD Capital) founder Yili Hua stated, "As we anticipated, US stocks have begun to correct, and expectations for interest rate cuts have changed. Trading is always the most challenging task; getting it right ten times and wrong once can lead to problems. It is essential to remain cautious and manage risks. The speed of this decline following the rebound has far exceeded expectations. However, it also comes with greater opportunities; historically, bear markets have been the time to make money, while bull markets often lead to losses."
On June 5, Fed's Harker stated that it may soon be time to adjust interest rates. Given the uncertainty, maintaining stable rates is reasonable at this time.
On June 5, U.S. President Trump stated that the recently released employment report is very strong, and the stock market should rise, not fall. This has been the case for the past 200 years. Economic growth does not mean inflation!
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