20th June | Elfa 24h Mindshare Ranking & Macro
1. $hype 6. #fartcoin
2. $kaito 7. $pegu
3. $gor 8. $uni
4. $arb 9. $aave
5. #virtuals 10. $xrp
(*as of now - excluding btc eth sol)
→ Macro
▪︎ China held its 1-year and 5-year loan prime rates steady after a May cut, signaling a measured approach to sustaining growth without overheating
▪︎ Hong Kong markets responded favorably, underlining renewed optimism in Asia
▪︎ In the United States, regulators are evaluating lower capital requirements for Treasury trading, potentially bolstering liquidity across financial markets
▪︎ President Trump’s criticism of the Federal Reserve for not lowering rates highlights ongoing political pressures on monetary policy
▪︎ Meanwhile, firmly matching jobless claims and surging consumer sentiment suggest economic resilience, a dynamic that could shape future Fed decisions around rate setting
→ Markets
▪︎ U.S. markets ended off in the recent day mostly unchanged while Asian markets experiencing rebound after yesterday’s sell off
▪︎ The VIX index rose significantly by 10.02% to 22.17, indicating increased market volatility and investor caution.
▪︎ The Fear and Greed Index remains in the 'extreme fear' territory with a score around 53.5, showing persistent investor apprehension
▪︎ Total Crypto Market Cap remains relatively unchanged at $3.37T with minor negative majors price movements from the past 24 hours
source @elfa_ai

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