Best Crypto to Buy Now June 6 – Wormhole, Flare, JasmyCoin
As Bitcoin (BTC) struggles to advance amid elevated sell pressure as it nears a retest of its all-time/yearly highs and other major cryptos languish below recent peaks, traders hunting for the best crypto to buy now are turning to smaller, lesser-known altcoins in the hope of quick gains.
As focus turns to Friday’s official US labor market data, Bitcoin is trading roughly flat on the day near $71,000.
Macro has been a tailwind for the market recently. Recent jobs and US inflation data have supported the narrative that the US economy continues cooling off.
That’s weighed on US bond yields and the US dollar as confidence increases that Fed rate cuts are coming soon.
That has also supported risk appetite in the stock and crypto markets. And crypto traders can also point to other bullish narratives.
Bitcoin ETF demand has improved substantially in recent days. The regulatory environment in the USA is improving in wake of the SEC’s spot Ethereum ETF approvals.
This is massive.
+$1.37b of #Bitcoin ETF net inflows in the past 2 days alone.
Read more on cryptonews.com
