Best Crypto to Buy Now 23 June – Pepe, Bitcoin Cash, Chainlink
The crypto market, led by Bitcoin, is exhibiting a strengthening positive trend as the current trading session unfolds, propelled by a heightened institutional focus on the sector.
Bitcoin is currently trading at $31,086, representing a 3.97% gain so far today. The leading cryptocurrency has momentarily peaked past $31,400, setting an intraday high of $31,441, a level it hasn't breached since June 7, 2022.
With Bitcoin hitting a new year-to-date high, what are the best cryptos to buy now?
This week, Bitcoin has experienced noticable buying enthusiasm following a spate of developments around institutional engagement in cryptocurrencies.
Several significant activities are taking place in the crypto industry, including the launch of a new exchange for digital assets with the support of Wall Street, and proposals from BlackRock and other companies to create exchange-traded funds focused on these emerging assets.
In related news, the US Securities and Exchange Commission (SEC) has given its stamp of approval to the first leveraged Bitcoin Futures ETF.
Notably, the Volatility Shares' offering will stand as the premier ETF of its kind in the United States and is slated to commence trading operations on Tuesday, as reported by Coindesk.
Institutional engagement in cryptocurrencies has led to growing optimism in the cryptocurrency market.
WSM, PEPE, CHMPZ, BCH, YPRED, LINK, and ECOTERRA are some of the best cryptos to buy now due to their solid fundamentals and/or positive technical analyses.
Wall Street Memes has cause for celebration following the successful presale of its $WSM meme coin. In just under a month, the presale has so far raised over $9.8 million in USDT, nearing the $10 million milestone.
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