2024-06-03 16:50:07
Quick Weekly OverviewToday, June 3:-GME stock up 75%
Tuesday, June 4:-Australia's first spot Bitcoin ETF with direct BTC holdings to go live on Tuesday
Wednesday, June 5:-Blockchain Expo North America
Friday, June 7:-Nonfarm Payrolls for May
-Unemployment Rate for May
AnalysisBTC has broken above the range high (69k), which is a good sign for bullish continuation.
This week we could see more development for the Ethereum ETF. The SEC's approval of the 19b-4 filings for a spot Ethereum ETF is a significant development. BlackRock and others have updated their S-1 filings, disclosing the fees, and indicating that the ETF could start trading by the end of June or maybe even before.
NVDA stock remains very strong, showing a clear bullish trend. This could affect the crypto AI sector in a good way, especially if BTC remains bullish.
GME stock just pumped 75% pre-market, now retracing a bit after the stock market has open. This could be good for the memecoins sector.
As mentioned in the previous update, if BTC stays above $60k (ideally above $65k), altcoins could still give very good returns. With memecoins leading, other interesting sectors should be: AI, RWA, Ehereum ecosystem, Solana ecosystem.
Keeping an eye on OTHERS, OTHERS.D, ETH/USD and SOL/USD.
ConclusionNo changes so far. This is a good scenario for a potential altcoin run.
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