Bitcoin narrowly missed a fresh assault on the $69,000 mark at the June 13 Wall Street open as markets showed caution in the face of the latest U.S. inflation data.
Data from Cointelegraph Markets Pro and TradingView indicated that Bitcoin briefly surged to $68,433 on Bitstamp before retreating.
This short-lived spike coincided with the release of the U.S. Producer Price Index (PPI) for May, which came in lower than expected, signaling a slowdown in inflation.
While this could be seen as positive for risk assets and cryptocurrencies, Bitcoin’s reaction was muted compared to the previous day’s data releases.
Jobless claims, which also beat expectations, similarly failed to boost market sentiment.
Commenting on the situation, popular trader Skew suggested that market sentiment could shift dramatically during the U.S. session.
“Market is confused & chicken here imo,” he tweeted.
“Next few hours will be interesting.”
Skew also observed that despite the PPI-related dip, the U.S. dollar did not show significant volatility.
The U.S. Dollar Index (DXY) was at 104.79 at the time, having briefly dipped to 104.64.
“It’s what we usually see,” fellow trader Dann Crypto Trades remarked on his X account, reflecting on the BTC price reaction.
“Looking ahead, trading firm QCP Capital expressed optimism about U.S. financial policy for the rest of 2024.
“FED’s dot plot remains ambiguous, making it challenging to predict whether officials prefer one or two rate cuts this year,” it stated in its latest Telegram update.
“However, we anticipate a rate cut in September, with the FED likely adopting a wait-and-see approach for subsequent meetings in November and December.”
QCP also highlighted the potential approval of spot Ether exchange-traded funds (ETFs) as a bullish factor amidst the expected macro shifts from Fed rate cuts.
“We maintain a structurally bullish outlook for the remainder of the year, driven by the anticipated ETH ETF S-1 approval and potential rate cuts in September and year-end,” it confirmed.
Thus, while the immediate market reaction was subdued, the broader outlook for Bitcoin and Ether remains optimistic amid expected policy shifts and regulatory developments.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) made astronomical returns, and Solana ETF Approved (SOLAPPRO) presents a similar opportunity for a limited time.
Solana ETF Approved (SOLAPPRO), a newly launched Solana memecoin, is poised to explode over 9,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.
SOLAPPRO will be listed on KuCoin, one of the largest centralized exchanges in the world, within a few days – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Solana ETF Approved.
Currently, Solana ETF Approved can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy SOLAPPRO on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Solana ETF Approved by entering its contract address – BSNFXxSdJusq5de54wUFoDEQDYmj8qaHSsczVqpzmcyx – in the receiving field.
SOLAPPRO currently has a market cap of just under $10,000, with over $4,000 in locked liquidity, meaning it has huge upside potential.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
Tate Tax could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Tate Tax (TATETAX), a new Solana memecoin that was launched today, is poised to explode over 14,000% in price in the coming days.
This is because TATETAX has announced its first centralized exchange listing, which will be on KuCoin.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Tate Tax can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Tate Tax could become the next viral memecoin.
Tate Tax launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Tate Tax on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Tate Tax by entering its contract address – AAyhWsm8Y465M5NzURktbuhRsTj7dd8hAcDxbj6ZuUNk – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TATETAX.
Mommy Pepe (PEPEMOM), a new Solana memecoin that was launched today, is poised to explode over 14,000% in price in the coming days.
Currently, Mommy Pepe can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Mommy Pepe could become the next viral memecoin.
In fact, many early Shiba Inu and Dogecoin investors have been pouring funds into this new Solana memecoin.
Mommy Pepe launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Mommy Pepe on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Mommy Pepe by entering its contract address – CrSXxNkYFwc7Y79qwManr3xVkV5RdBavLP9L8tc6gv3R – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPEMOM.
Nuclear Shiba (NUCSHIBA) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Nuclear Shiba (NUCSHIBA), a Solana memecoin that was launched this week, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Nuclear Shiba presents a similar opportunity.
Nuclear Shiba has a market cap below $11,000 at the moment, meaning that when it just reaches a modest market cap of $400,000-$800,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 16,000% in the coming two days, and Nuclear Shiba could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Nuclear Shiba can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Nuclear Shiba on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Nuclear Shiba by entering its contract address – 9qy1P39raMryoShXo4pCQ3S2L9PYCS3THKyknUtEfqZp – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like NUCSHIBA.
Harambe on Solana could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Harambe on Solana (HARAMSOL), a new Solana memecoin that was launched this week, is poised to explode over 16,000% in price in the coming days.
This is because HARAMSOL has announced its first centralized exchange listing, which will be on KuCoin.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Harambe on Solana can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Harambe on Solana could become the next viral memecoin.
Harambe on Solana launched with over $4,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Harambe on Solana on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Harambe on Solana by entering its contract address – GTBbj8JgVFLmL7PteCThkBLoxUzzBJBH9xfq8BNJhUTN – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like HARAMSOL.
Shiba on Cocaine could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Shiba on Cocaine (SHIBCOC), a new Solana memecoin that was launched in the last 24 hours, is poised to explode over 18,000% in price in the coming days.
This is because SHIBCOC has announced its first centralized exchange listing, which will be on KuCoin.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Shiba on Cocaine can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Shiba on Cocaine could become the next viral memecoin.
Shiba on Cocaine launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Shiba on Cocaine on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Shiba on Cocaine by entering its contract address – 8mwQ1DXhenhdE8tqrypwZtKE377rNdREr7Jjfv4tFi6P – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like SHIBCOC.
Citron Research, a prominent GameStop (GME) short seller, has exited its short position on the stock.
The firm cited “the market’s irrationality” and “cult-like” shareholder behavior in its decision, as announced in a June 12 X post:
“Citron is no longer short $GME. It’s not because we believe in a turnaround for the company fundamentals will ever happen, but with $5 billion in the bank, they have enough runway to appease their cult-like shareholders.”
This move follows a significant rise in GME’s stock price, which soared above $30 after a 22.8% intraday rally on Tuesday.
Currently, GME is trading at $30.49, up 3.3% in pre-market trading, according to Google Finance.
Michael Pachter, a GameStop analyst at Wedbush, has set an underperform rating on GME with a 12-month price target of $11, suggesting a potential 60% drop from its current price.
Despite this bearish outlook, Citron Research chose to close its short position due to prevailing market irrationality:
“Despite Wedbush setting an $11 target today, we respect the market’s irrationality.
“After all, Dogecoin remains a $20 billion entity.
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“While the increased share count might temper the mob mentality, Citron will be watching from the sidelines for now.”
Citron drew a comparison with Dogecoin, which has a $20.2 billion market capitalization driven by social media hype despite lacking intrinsic value.
This highlights the impact of market sentiment and risk appetite on valuations.
During the retail investor-fueled short squeeze, GameStop raised $2.14 billion by selling 75 million shares through an “at-the-market” equity offering on June 11.
This fundraising effort coincided with Roaring Kitty’s, also known as Keith Gill, first live stream in over three years, which further boosted GME’s price.
Citron Research criticized Gill’s live stream, calling it “an insult to capital markets.” According to a June 2 Reddit post, Gill held $181.4 million in GME stock and call options.
His screenshot showed he had purchased five million GME shares for $115.7 million and invested $65.7 million in call options, predicting GME would be at least $20 a share by June 21.
Despite the controversy and volatility, Citron Research has decided to observe from the sidelines for now.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Mommy Pepe (PEPEMOM), a new Solana memecoin that was launched today, is poised to explode over 14,000% in price in the coming days.
Currently, Mommy Pepe can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Mommy Pepe could become the next viral memecoin.
In fact, many early Shiba Inu and Dogecoin investors have been pouring funds into this new Solana memecoin.
Mommy Pepe launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Mommy Pepe on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Mommy Pepe by entering its contract address – CrSXxNkYFwc7Y79qwManr3xVkV5RdBavLP9L8tc6gv3R – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPEMOM.
Tate’s Cum could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Tate’s Cum (TATECUM), a new Solana memecoin that was launched in the last 24 hours, is poised to explode over 14,000% in price in the coming days.
This is because TATECUM has announced its first centralized exchange listing, which will be on KuCoin.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Tate’s Cum can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Tate’s Cum could become the next viral memecoin.
Tate’s Cum launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Tate’s Cum on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Tate’s Cum by entering its contract address – HvxnuBmEeGj2nUzF5DWBVePnbhcubsoRbJWr8yu5ocdi – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TATECUM.