Global #investment

Notcoin (NOT), a new player in the cryptocurrency arena, has been gaining attention recently. Technical analysts are observing a potentially bullish chart pattern forming for NOT – the falling wedge triangle.

The first full week of June saw a notable surge in institutional investment in Bitcoin via US-based exchange-traded funds (ETFs). Data from HODL15Capital indicates that these Bitcoin ETFs collectively acquired an impressive 25,729 BTC, equivalent to about two months' worth of the cryptocurrency's mined supply.

New Zealanders are increasingly turning to cryptocurrency as a wealth-building tool, according to a new study by Protocol Theory and Easy Crypto. The research suggests a significant shift in investment preferences, with nearly half of respondents (45%) indicating an interest in crypto, compared to traditional real estate.

As the global economy shows signs of slowing down, the possibility of a recession hitting in the second half of 2024 is becoming increasingly real. With its unique position as a digital gold and hedge against inflation, how might Bitcoin's price be affected by such an economic downturn? ChatGPT-4o, a powerful language model, provides insights based on historical trends, current market sentiment, and potential future scenarios.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has seen a slight decline recently, aligning with the broader crypto market's downward trend. However, a well-known crypto analyst, Mags, anticipates a bullish 13% rally for Ethereum in the near future.

In recent months, many new memecoins have emerged and gained substantial popularity. Despite these new tokens capturing a significant portion of the market share, Shiba Inu (SHIB) has continued to grow.