Bitcoin breaks through the $109,000 mark, Moonshot Meme coin creation tool sparks a craze

Market Observation

Recently, the tax reduction bill promoted by Trump has hit a deadlock in the Senate, with divisions within the Republican Party over issues such as healthcare benefits and renewable energy subsidies. At the same time, Trump continues to pressure the Federal Reserve, publicly criticizing Chairman Powell for maintaining a high interest rate policy, stating that the ideal interest rate should be reduced to 1%-2%. Such interference in the independence of the central bank has raised concerns among economists. Despite these risks, the U.S. stock market showed resilience on Friday, with both the S&P 500 and Nasdaq indices reaching historic highs.

Against the backdrop of the accelerated integration of traditional finance and blockchain, the cryptocurrency market is ushering in new opportunities. Tokenized stocks achieve asset anchoring through blockchain, offering advantages such as 24/7 trading and low-cost settlement. Multiple trading platforms are rapidly positioning themselves for related services. However, insufficient liquidity and regulatory gaps remain challenges. The dual drive of stablecoins and tokenized stocks is attracting institutional funds, pushing the cryptocurrency market towards a transformation into practical value.

Bitcoin broke through $108,500 over the weekend in a low liquidity environment, approaching the historical weekly closing high of $109,000. Analysts point out that Bitcoin is testing the $109,000 liquidity zone, with the market focusing on whether it has enough momentum to break through and maintain the upward trend. Some analysts believe that if the historical halving cycle repeats, Bitcoin could reach its bull market peak in September or October 2025. The market is currently entering the final stage of the bull market, with only 2-3 months left. Bitcoin needs to re-establish itself above the accumulation zone high of $104,400.

Ethereum outperformed Bitcoin, with a weekly closing price above $2500 and a 7-day increase of 12.23%. On-chain data shows a potential bullish trend, and more traders believe that the ETH price could reach $3000 in the near future. The Ethereum ecosystem is also becoming more active, with a certain Layer 2 solution token rising by 17.4%.

On the Meme coin front, Moonshot has launched the Meme coin creation tool Moonshot Create, and since its launch, the platform has listed multiple Meme coins. Some of these tokens have a market cap of around $7 million. In addition, some projects have also developed independent markets, such as $MORI with a peak market cap of $155 million, and $USELESS which has seen a rise of 1729.7% in the past month, with a market cap exceeding $200 million.

Key Data

• Bitcoin: $108,379 (Year-to-date +15.67%), Daily spot trading volume $17.277 billion
• Ethereum: $2,500.45 (YTD -25.2%), daily spot trading volume is $10.456 billion
• Fear and Greed Index: 52 (Neutral)
• Market Share: BTC 64.7%, ETH 9.1%
• 24-hour BTC long-short ratio: 0.9739
• Sector performance: L2 up 4.28%; NFT sector up 3.44%
• 24-hour liquidation data: A total of 80,868 people were liquidated globally, with a total liquidation amount of 20.1 million USD.

ETF Flow

• Bitcoin ETF: +$501 million (14 days of continuous net inflow)
• Ethereum ETF: +$7,744,720

Today's Outlook

• A certain wallet will launch NodeOps on June 30, (NODE)
• Zama will launch the testnet on July 1.
• The U.S. Senate votes on the Beautiful Act.
• The governors of major central banks around the world will hold a panel discussion.
• Multiple projects will welcome token unlocks, including OP, KMNO, ACX, and SUI.

Hot News

• The report shows that 27% of South Koreans aged 20-50 hold cryptocurrencies, and 70% are interested in expanding their investments.
• The RWA market size grew by 85% year-on-year to $24 billion, becoming the second fastest growing sector after stablecoins.
• A well-known venture capital firm has transferred 100,000 COMP to a certain trading platform again, with a total of 400,000 coins transferred out in the last 21 hours.
• A certain asset management company has continuously increased its holdings in Bitcoin for 9 weeks, with a total increase of approximately 107,139 coins.
• A certain cryptocurrency exchange has launched a memecoin creation tool.