Global #crypto market

In May, the NFT market experienced a sharp decline, with overall sales dropping by 54%. Despite this, digital collectibles on the Bitcoin blockchain saw a surge in sales, reaching a new high of over $4 billion in total sales volume on June 4th, as per data from NFT tracker CryptoSlam.

The cryptocurrency native to Binance exchange, BNB, is showing impressive performance in the crypto market as its price approaches a record high.

DWF Labs, a crypto trading firm, has announced plans to purchase $12 million worth of FLOKI tokens from both the open market and the Floki treasury.

The notable play-to-earn cryptocurrency token, Notcoin (NOT), remains a magnet for investors due to its remarkable price surge. Despite the crypto market maintaining stability, NOT's significant rise has garnered attention from traders, indicating robust buying activity.

The intense market volatility that previously drew speculative investors to the cryptocurrency ecosystem is subsiding, significantly affecting exchanges like Coinbase (COIN), which historically benefited from periods of significant fluctuations.

Luna Foundation Guard (LFG) has initiated significant transfers of digital assets, sparking speculation and concern within the cryptocurrency community.

The recent approvals of Ethereum ETFs have ignited discussions and speculations within the crypto market, captivating investors and analysts alike.

DOGE has seen a marginal uptick of 0.2% in the last 24 hours, reaching $0.1652, amidst a 0.5% overall increase in the crypto market today.

Crypto analyst Ali Martinez has been examining technical indicators in Dogecoin (DOGE) and VeChain (VET), suggesting potential signs of a price upswing. Martinez notes that DOGE has faced significant resistance, keeping its price range narrow.

In recent weeks, the leading cryptocurrency has seen increased volatility, surging from approximately $61,000 on May 14 to surpass $71,000 by May 21. However, this upward momentum was interrupted by a corrective phase, causing the asset to dip below the $67,000 mark on May 24.

Liquidity is a crucial factor in the crypto market. Among various parameters, it is the one that can most significantly influence prices, aside from major systemic events.

Ethereum (ETH) has stood out amidst a downturn in the overall crypto market, thanks to the recent approval of eight spot Ether exchange-traded funds (ETFs) by the SEC. This approval has reignited investor enthusiasm and positivity.