What You Need to Know
You are reading the Crypto Daybook Americas, your essential briefing on recent happenings in the crypto markets overnight and what to expect today. Sign up for the Crypto Daybook Americas newsletter to receive insights every morning at 7 a.m. ET.
Market Overview
Bitcoin has seen a gradual and then sudden rise in adoption, particularly among institutions. The Federal Housing Finance Agency is making moves to consider cryptocurrency as an asset for mortgage considerations, with Bill Pulte stating, “After significant studying, in keeping with President Trump’s vision to make the United States the crypto capital of the world, I ordered Fannie Mae and Freddie Mac to prepare their operations to account for cryptocurrency as an asset for mortgages. SO ORDERED.”
Price Movements
As of the last 24 hours, Bitcoin’s price recently tapped $108,000. The total market cap for cryptocurrencies is approaching a volatility threshold, hinting at increased activity in the market.
Additional Insights
In positive news for the crypto sector, spot BTC ETFs have experienced a net inflow of $548 million over the past two weeks. Meanwhile, Metaplanet has acquired 1,234 BTC and has aimed to bolster its treasury strategy with a recent $515 million raise.
Key Events
- June 30: CME Group plans to introduce spot-quoted futures for Bitcoin and Ether.
- Macro Data Release: Expect data from the U.S. Census Bureau on May’s durable goods orders, and the final Q1 GDP data from BEA.
Observe the ongoing growth and initiatives within the cryptocurrency space as market dynamics continue to evolve.
