Crypto markets stabilise after choppy week

📈 Market stabilises as Bitcoin holds strong
😐 Investor sentiment cools from recent highs 

💸 Altcoins rebound slightly after choppy week

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Crypto prices nudged higher overnight, offering a modest reprieve to investors after a volatile week that rattled a few altcoins. Bitcoin gained about 1.2% in the past 24 hours, continuing to trade well above the psychological $100,000 threshold, with a notable support floor forming near $103,000. XRP, Solana (SOL), and other major cryptocurrencies followed suit, recovering some of their recent losses. Notably, Berachain (BERA) has rallied more than 9%. 

The rebound comes as broader investor sentiment continues to cool from levels seen earlier in the month. The Fear and Greed Index has slipped back into neutral territory, signalling a more cautious outlook among traders following Bitcoin’s most recent all-time high. 

Investors will be looking out for the latest jobs numbers from the US this week, set for release on Friday, which could give a clearer picture of how the US economy is performing, and setting the tone for the Fed interest rate decision later in June.

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In the markets… 

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🌍 Total crypto market cap ⬆️

The global cryptocurrency market capitalisation is approximately $3.29 trillion, reflecting a 0.97% increase over the last 24 hours. 

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🟠 Bitcoin (BTC) ⬆️

Price: Currently trading at around $105,880 marking a 1.44% increase in the last 24 hours.
Daily high: Approximately $105,804
Daily low: Approximately $103,939

📈 S&P 500 ⬇️

The S&P 500 index is down by about 0.008% since yesterday. 

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😐 Fear & Greed Index

The Crypto Fear & Greed Index currently stands at 57/100, indicating a neutral sentiment among investors.

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📊 Bitcoin Relative Strength Index (RSI) (14)

The RSI for Bitcoin is approximately 65, with 70 and above indicating an overbought position, while 30 and below indicates that the asset is oversold.

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Data is correct as at 08:34 GMT

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‍Post Script…

Richard Teng on X: "The tide has turned. The SEC’s case against us is dismissed - justice, finally. Huge credit to Chairman Atkins and the Trump administration for standing up to regulatory overreach. The U.S. is back in the arena, ready to lead the world in blockchain innovation." / X

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BitcoinOS on X: "Litecoin is coming home to Bitcoin. 🟠🤝⚪️ BOS is officially activating @CharmsDev and ZK rollups on @litecoin, bringing its magical, programmable tokens and *bridgeless* bridging to Bitcoin’s silver twin. The UTXO renaissance is real—and it's uniting the old guard. 🧵👇 https://t.co/copF0S10k0" / X

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Conor McGregor on X: "I want to build on the amazing feats president @nayibbukele has achieved in El Salvador. Germany dropped the ball - Ireland will not. Using crypto, I plan on establishing a decentralised blueprint for sovereignty. One that others can also adopt to reclaim their nations. I" / X

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KULA on X: "Most projects launch first and worry about regulations later. Kula did the opposite. We built with compliance from day one. Legal frameworks, KYC, AML, all baked in, because real assets require real structure. That’s what makes Kula different. https://t.co/r8uopFwqcx" / X

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Cautionary Notes

‍‍It's definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.

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