Dear PointPay Family,
Another week has passed, and it’s time to wrap it up! What happened? What were the most discussed topics within our community? Let’s find out in this week’s summary!
Bitcoin on the Rise Again
This week brought a positive trend for the leading cryptocurrency, Bitcoin. We saw its price surpass the $70,000 mark, a significant milestone. Notably, Bitcoin crossed this threshold more confidently and organically, reinforcing its position several times along the way. This could be the start of a sustained positive trend!
Notcoin in the Spotlight
Notcoin, designed to help users master Web3 through Telegram, continues to capture community attention. On June 2, the asset saw a significant increase, reaching a new all-time high (ATH). A subsequent correction slightly lowered its value (from $0.028 to $0.021), but it remains at a notable level. Users are confident that the asset will soon rise again, reaching new highs!
Bitcoin ETFs Gain Significance
With May behind us, we can review its outcomes. The size of Bitcoin ETFs in the US grew by an impressive $2 billion in May! This total figure for all funds combined indicates substantial investor interest. Investors continue to increase their contributions to Bitcoin ETFs, accumulating the asset and fostering a solid foundation.
Bitcoin Miners Selling Off Reserves
According to CryptoQuant analysts, BTC reserves held by miners have hit a 14-year low. This significant decline is due to several factors. First, the recent halving forced miners to increase their mining costs, expand farms, and purchase new, more advanced equipment. Second, Bitcoin has been in a stable phase, maintaining a consistent level. Many investors are confident in the asset’s continued growth and are actively increasing their reserves by purchasing from miners.
Additionally, some miners have had to exit the market due to increased competition and mining costs, selling off their reserves as they leave.
TON Riding the Wave Following NOT
Following new updates and innovations in Telegram, which the community has rapidly adopted, the price of TON has started to rise. On June 5, TON reached a new ATH of $7.76. Although a subsequent correction lowered the asset’s price, TON’s growth potential remains strong. Popular Telegram Apps among users and developers significantly help attract new users to Web3.
🔥 Buy PXP tokens on MEXC: http://bit.ly/3UhCgZn
🔥 Buy PXP tokens on Bitrue: https://bit.ly/3JEreHu
🔥 Buy PXP tokens on WhiteBIT: https://bit.ly/3qJrjRH
💰 Earn up to 7% yearly with PXP staking
🏦 PointPay — all crypto services in one place!
