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The second day saw a different dynamic in comparison to the first day, where the ETFs saw a promising start with net inflows reaching almost $107 million.

Shiba Inu ($SHIB) has managed to maintain its position as the top memecoin in the Ethereum ecosystem, despite the emergence of new similar projects. 

From July to October, Mt. Gox creditors are set to receive 142,000 Bitcoins. Although the deadline for distribution is October, JPMorgan analysts believe most repayments will occur in July.

According to Reuters, discussions between asset managers and regulators are in their final stages.

The increased buying activity suggests that these large investors view the recent lows as an opportunity for further accumulation, despite widespread FUD in the market.

The cryptocurrency market's downturn extended to altcoins, with many experiencing significant losses. $DOGE and $SOL were among the hardest hit.

Currently, $BNB is testing a critical resistance level at around $710. A break to $750 could encourage bulls, making analysts optimistic about $BNB's price outlook.

Crypto traders now expect the newly-green lighted ETFs in the US to reduce Bitcoin’s market share, providing altcoins like Ethereum with more room to grow.

Higher market cap meme coins like $DOGE and $SHIB are showing resistance to the market sell-off, while Solana-based tokens are struggling.

Bitcoin is gaining closer to the key $60,000 psychological price barrier and JPMorgan analysts anticipate BTC to maintain these gains.