Overview

Daily Macro: BTC is consolidating in the $62,500-$64,000 range and has not been able to break through the $64,000 resistance level. ETH briefly surged above $3,500 but has now pulled back to $3,440.

Daily Focus - Election-themed Meme Tokens: Biden may attend a Bitcoin roundtable with key congressional officials in Washington, D.C. Investors are closely watching to see if Biden will discuss cryptocurrency-related issues.

Next Focus - Mt.Gox distribution: Mt.Gox plans to start distributing Bitcoin and Bitcoin Cash to creditors in early July.

Daily Macro

Bitcoin Market Bitcoin ($BTC) is consolidating in the $62,500-$64,000 range, indicating potential for significant volatility. Hashdex has filed an ETF application with SEC, which will hold both BTC and ETH. The SEC must make a decision on this application by March 2025.

Daily Focus

Election-themed Meme Tokens

Reason for Focus: Biden may attend a Bitcoin roundtable with key congressional officials in Washington, D.C., to discuss how to maintain Bitcoin and blockchain innovation in the United States.

Performance of Related Tokens:

$BODEN: Up 24.02% in the past 24 hours, with a market cap of approximately $43.9 million.
$TREMP: Up 11.74% in the past 24 hours, with a market cap of approximately $58.05 million.
$MAGA: Down 12.40% in the past 24 hours, with a market cap of approximately $102 million.
$TRUMP: Down 9.73% in the past 24 hours, with a market cap of approximately $305 million.

Market Outlook: This move is seen as a response to former President Donald Trump's recognition of the Bitcoin industry, indicating a shift in Washington's attitude towards the crypto industry. It could trigger price fluctuations in these tokens. We believe that as the election date approaches, these election-themed tokens will continue to attract market attention. Investors should carefully consider the risks.

Next Focus

Mt.Gox is about to distribute BTC and BCH

Reason for Focus: The bankrupt cryptocurrency exchange Mt.Gox plans to start distributing Bitcoin (BTC) and Bitcoin Cash (BCH) to creditors in early July. Creditors are expected to sell some of their BTC and BCH to recover funds, which adds to market uncertainty.

Related Assets: The assets most directly affected by this event are BTC and BCH. Additionally, due to market volatility, other major cryptocurrencies may also be indirectly impacted.

How to Participate: Creditors should continuously monitor official announcements from Mt.Gox to understand the specific process. Regular investors can watch for market fluctuations and trade BTC and BCH on cryptocurrency exchanges (such as CoinEx) to capitalize on opportunities arising from market volatility.

CoinEx Daily：BTC is Consolidating, Biden May Attend a Bitcoin Roundtable