Global #crypto market

The cryptocurrency market experienced a downturn on June 7, with Bitcoin (BTC) dropping to $69,335 and Ethereum (ETH) to $3,684. This decline followed the release of better-than-expected United States employment data, contrary to predictions by analysts who anticipated weaker figures that would prompt a push for lower inflation and potentially drive Bitcoin to new highs.

Bonk (BONK), the prominent meme coin, persists in following an upward trajectory within an ascending channel, even amid growing pessimism towards it in the market. Analyzing its essential indicators shows that there remains a consistent interest in the meme coin, notwithstanding some investors cashing out for profits.

Binance Coin (BNB) broke through the crucial $700 threshold on Wednesday, reaching an all-time high of $709, marking a nearly 13% surge over the past day, according to CoinGecko data.

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.