Welcome, Crypto enthusiasts!

BTC Traders are now targeting 100K as the next big target as Roaring Kitty makes $300 Million in GameStop.

In Today’s Blockstreet Journal:

• 100K Next BTC Target

• Roaring Kitty Triggers Citron

• Market Rundown

• Top Gainers & Losers

• Airdrops & More News

Latest News

BITCOIN
🎯 Bitcoin’s New Target Is 100K 

Word On The Street: Bitcoin passed $70,000 at the June 3 Wall Street open, continuing its upward momentum following the previous day's close.

The details:

• Data from TradingView indicated a nearly 4% increase in BTC price.

• Bulls began the week with a fresh attempt to solidify $69,000 — the old 2021 all-time high — as firm support.

• Bitcoin’s swift gains prompted fresh calls for a return to price discovery. Nearly three months after reaching its latest all-time highs.

Why it matters: Trading firm QCP Capital shared an optimistic outlook for both Bitcoin and altcoins, citing favorable market conditions.

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MARKET NEWS
😹 Roaring Kitty Triggers Citron 

Word On The Street: Citron Research accuses Keith Gill, aka "Roaring Kitty," of engaging in market manipulation rather than traditional investing.

The details:

• This accusation comes shortly after Gill revealed he has profited over $300 million from his GME position.

• This trade could potentially making Gill the first GameStop billionaire if the stock price continues to rise.

• Citron Research also suggested that Gill’s substantial GME position might be financially supported by a larger entity.

Why it matters: “Now, with $GME, he posts with a large account and a significant near-term option position, appearing more like manipulation without a solid thesis. Considering the stock is now 2,000% higher than his initial video almost four years ago.” - Citron Research

Market Rundown

Fear & Greed Index

The global crypto market cap is $2.57T, a 0.68% decrease over the last day.

The total crypto market volume over the last 24 hours is $74.99B, which makes a 2.70% decrease. The total volume in DeFi is currently $5.46B, 7.29% of the total crypto market 24-hour volume. The volume of all stable coins is now $70.12B, which is 93.50% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 53.20%, an increase of 0.08% over the day.

Global Market Metrics

As of June 4, 2024, the current state of the cryptocurrency market is as follows:

- Total Market Capitalization: $2,578,046,323,040

- Total 24-Hour Volume: $74,995,673,721

- Total Active Cryptocurrencies: 10,039

- Total Active Market Pairs: 82,657

- Total Active Exchanges: 774

Dominance

- Bitcoin (BTC) Dominance: 53.20%

- Ethereum (ETH) Dominance: 17.64%

Market Segments

- DeFi Market Capitalization: $92,804,973,066

- DeFi 24-Hour Volume: $5,467,007,708

- Stablecoin Market Capitalization: $154,838,443,353

- Stablecoin 24-Hour Volume: $70,123,608,803

- Derivatives 24-Hour Volume: $632,234,891,322

Top Gainers & Losers

🚀 Top Gainers

💩 Top Losers 

Airdrops & More News

DAILY AIRDROP
📦️ Olive Network Airdrop

Olive Network has confirmed to launch their token “OLIVE” and do an airdrop to to users who collect Olive points. Stake ETh or LSTs such as rsETH and ezETH to start earning Olive points. Also earn more for inviting friends. Olive points will get converted OLIVE tokens in the future.

Step-by-Step Guide:

1. Visit the Olive Network website.

2. Connect your Ethereum or Arbitrum wallet.

3. Now go to “Stake” and stake tokens.

4. Olive supports ETH, wETH, rsETH, ezETH, weETH and many more.

5. You will start earning staking APR + Restaking APR + Eigenlayer points + LRT points as well as Olive points.

6. Also, earn more Olive points for referring your friends.

7. They’ve confirmed that they will airdrop OLIVE tokens to users who collect Olive points.

8. For more information regarding the points campaign, see this page.

Other News

Bitcoin Sees Profit-Taking Around $70K Amid ‘Stubbornly Bullish’ Sentiment. On-chain data shows over 50% of Bitcoin supply remains inactive, a sign of strong long-term conviction in the asset.

US SEC is ‘bent on choking’ the crypto industry — Coinbase. The United States Securities and Exchange Commission “is serious about the destruction of digital assets,” according to cryptocurrency exchange Coinbase.

Trump Conviction Barely Dents His Odds of Winning Election: Prediction Markets. Plus: Polymarket traders doubt Trump will go to prison; Kalshi bettors are at odds with the CME FedWatch poll on rate cuts.

Epoch Times CFO Charged With $67M Fraud Scheme Involving Crypto Platform. The crime proceeds were generally purchased by the scheme participants at discounted rates of up to 80 cents per dollar in exchange for an unspecified cryptocurrency.

🫡 Thanks For Reading

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