The proportion of Meme coin sector in the total market value of altcoins has dropped to 3.7%
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The proportion of the Meme coin sector in the total market value of altcoins has dropped to 3.7%, the lowest level since February 2024 and lower than the peak of over 10% during the Meme coin market in November 2024. （CoinDesk）
According to a report by Golden Ten, Trump stated that thanks to his account, newborns can gain financial advantages by the age of 18, and emphasized that early investment is a way to create long-term wealth. He also pointed out that the Dow Jones, Nasdaq, and S&P 500 indices have recently risen, believing that the market will soar and encouraging families to continue investing.
The US June ISM services PMI fell from 54.5 in May to 54, the business activity index fell from 57.7 to 55.4, and the price index fell from 71.3 to 67.7, marking the first time since February that it has fallen below 70.
According to CNBC, BitMine Chairman Tom Lee stated that he expects the US stock market to perform stronger in July, and second quarter corporate profits are expected to exceed expectations. Tom Lee believes that the S&P 500 index can reach 8000 points within the year, and the upward potential may even reach 8400 to 8800 points by the end of the year. Tom Lee predicts that there may be a market correction between August and October, and the new framework of the Federal Reserve and the unlocking of SpaceX stocks may test the market within the year.
