BTSE-Listed Altcoins Moon, Large Market Caps Dive

Trending Tokens on BTSE:

(as of  3:00 AM UTC, June 15, 2023) 

Overnight in Asia, crypto heavyweights Bitcoin (BTC) and Ethereum (ETH) once again tumbled despite minor rallies yesterday following the CPI release. A multitude of BTSE – listed altcoins, however, rocketed with 4 different coins seeing jumps in over 10% in the last 24h hours –  POGAI (POGAI) rallied 76.13%, Turbo (TURBO) 23.27%, WOJAK (WOJAK) 20.82%, and Finblox (FBX) 14.76%. While recent legal developments have seemed to negatively affect large-market cap coins, we can observe many altcoins trending in the opposite direction.

The positive CPI data from the US has continued to positively impact traditional financial markets, with the S&P 500 continuing to trend upward, increasing 0.08%, and the ASX 200 perhaps reacting positively to the CPI data, up 0.3% since the market opened today. 

Meanwhile, according to Glassnode, Bitcoin’s largest holders have not made any big movements in the last day. The report, shared on Coindesk, shows unique addresses holding between 100-1000 Bitcoin (BTC) have in fact increased their holdings following the SEC’s legal action against Binance and Coinbase. 

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