🌧 Rain will fall over Bitcoin, Binance Coin, Uniswap and Litecoin in the next 24 hours, signaling bearish market conditions. However, a timid sun will shine over Ether, Cardano and Dogecoin in the next 24 hours, signaling slightly bullish market conditions.

🌤 Over a one-week time horizon, the trading conditions will improve. Bitcoin is set to face tropical or clearly bullish trading conditions and Ether sunny conditions, signaling a bullish trend.

The trading signals available at 08:45CET are the basis for the projections mentioned above. Please check whether ATTMO's signals have changed since then, before making an investment decision.

Cryptocurrencies trade lower on rising yield & sticky inflation

The cryptocurrency trend was negative over the past 24 hours on rising US bond yields resulting from increasing odds of a Trump victory in November and the sticky inflation prevailing the US. This means the Federal Reserve won’t cut its key rate any time soon.

The central bank’s benchmark rate is currently set at a 23-year high, making less risky assets more interesting to hold than risky ones such as cryptocurrencies.

Billions worth of seized Bitcoins set to flood market in July

In parallel, Bitcoins seized by regulators will soon flood the market. The German police has transferred roughly $95 million worth of Bitcoin to centralized exchanges such as Kraken and Coinbase, Bitcoin.com reports. Separately, up to $9 billion worth of Bitcoin will also soon reach the market as they are to be repaid to the creditors of the bankrupt Japanese crypto exchange, Mount Gox.

The price of Bitcoin fell 0.6 percent to $62,928 over the past 24 hours, Trading View’s Bitcoin chart shows.

Metaplanet buys an additional 20 Bitcoins

Metaplanet acquired an additional 20.2 Bitcoin on Monday. The early-stage investment firm that mirrors the Bitcoin strategy of MicroStrategy now holds a total of 161.3 Bitcoins, the Japanese company said.

Ether funds suffer outflows as spot ETF listing is delayed

The price of ETH fell 0.7 percent to $3,476 over the past 24 hours as the final approval of eight spot Ether exchange traded funds (ETFs) is unlikely to happen this week. These ETFs are thus unlikely to start trading ahead of the US Independence Day celebrations on Thursday as expected earlier.

“Ethereum saw the largest outflows since August 2022, totaling $61m, bringing the last two weeks of outflows to $119m, making it the worst performing asset year-to-date in terms of net flows,” CoinShares wrote in its weekly report.

Circle’s stablecoins now MiCA compliant

The stablecoins issued by Circle, USDC and EURC, are now both complying with the stricter Markets in Crypto Assets (MiCA) regime that entered into force in the EU on Monday.

“Circle is the first global stablecoin issuer to be compliant with MiCA. Circle is now natively issuing both USDC and EURC to European customers effective July 1… Effectively immediately, Circle is now issuing and redeeming USDC and EURC directly with major institutions in the European market via Circle Mint France,” the Circle’s CEO, Jeremy Allaire, said.

Roaring Kitty profile accused of running pump & dump scheme

Keith Gill, better known as the Roaring Kitty profile on X, has been sued in New York for committing securities fraud, Bitcoin.com reports. He is accused of having used his social media channels to manipulate the share price of GameStop by publishing posts on X and Reddit.

DISCLAIMER

ATTMO, a weather-inspired AI tool, makes cryptocurrency predictions. It also forecasts longer-term cryptocurrency trends. These forecasts are not trading advice; they are only decision support tools. They do not include information that is specific to the user; in particular they do not account for their personal risk appetite or market assessment. The forward-looking weather-inspired predictions part of this report may have changed by the time you read this edition of ATTMO Times. So always check the latest ATTMO predictions before making any investment decision.