Global #cryptocurrency

Leading crypto exchange Bitget continues to prioritize user security with their Protection Fund exceeding a valuation of $464 million in May 2024. This impressive figure reinforces Bitget's commitment to safeguarding digital assets and fostering a secure trading environment.

Digital asset investment products are seeing a notable increase, with a reported inflow of $2 billion. This surge is largely driven by major cryptocurrencies such as Bitcoin, Ethereum, and XRP.The capital influx suggests a growing interest in digital assets among investors.

The first full week of June saw a notable surge in institutional investment in Bitcoin via US-based exchange-traded funds (ETFs). Data from HODL15Capital indicates that these Bitcoin ETFs collectively acquired an impressive 25,729 BTC, equivalent to about two months' worth of the cryptocurrency's mined supply.

As the world adapts to the complexities of the digital age, Baby Boomers are emerging as a surprisingly influential demographic in the cryptocurrency arena. Traditionally linked with conventional wealth and investment approaches, Boomers are now becoming significant players in the growing crypto market. Their participation not only brings substantial capital but also adds stability and credibility to this rapidly developing sector.

OKX wallet transaction management has faced criticism due to an allegedly ineffective automated system that has caused transaction fees to skyrocket.

The cryptocurrency market hasn't been uniform across all assets. While Bitcoin (BTC) has seen positive performance, top coins like Ethereum (ETH) and Ripple (XRP) have struggled. The potential for altcoins to gain momentum and rally largely hinges on Bitcoin's performance.