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BTC breaks through $110,000, old Meme coins revive, crypto market dynamics and outlook
Crypto Market Trends and Outlook: BTC Breaks $110,000, Old Meme Coins Revive
Market Observation
At 20:30 tonight and 1:00 AM the next day, the US May CPI data and the results of the $39 billion ten-year Treasury auction will be announced, which the market is highly focused on. Economists expect the CPI to increase by 0.2% month-on-month, but investors are concerned that tariffs may push up inflation levels. At the same time, the demand for the ten-year Treasury auction has also become a focal point, especially against the backdrop of current trade policy uncertainties. If the CPI data exceeds expectations and the Treasury auction performs poorly, it could result in a double blow to the bond market, leading to a sharp rise in yields. Analysts point out that inflation data may have a direct impact on auction demand, and investors are closely watching relevant performances to assess changes in market sentiment.
As major global economies accelerate the improvement of their encryption asset regulatory frameworks, the market is undergoing a profound reconstruction of its value system. Recently, an IPO by a well-known stablecoin issuing company has attracted widespread attention in the market, with its valuation once soaring to 24 billion USD, reflecting investors' strong confidence in compliant encryption financial infrastructure. At the same time, crypto concept stocks are experiencing an investment boom, with the stocks of a certain well-known exchange maintaining high fluctuations from late May to early June.
Bitcoin has recently smoothly broken through $110,000. From a technical perspective, after breaking through $106,737, the Bitcoin price is currently consolidating below the key resistance level of $110,668. If it breaks through $110,700, it may further rise to $112,700 or even $115,103. According to a certain analysis agency, Bitcoin has broken the short-term downtrend and formed a bullish breakout pattern. Even though this week's CPI data may bring some upward pressure, as long as the Bitcoin price maintains above $105,075, the bullish trend remains valid. At the same time, Ethereum is gradually becoming the market focus, with its implied volatility increasing, short-term option volatility reaching over 70%, and bullish sentiment in the options market significantly strengthening.

![HashKey Trading Moment: LABUBU's exorbitant auction drives the revival of old Meme coins, can BTC hold the support level of $105,000? CPI data and US bond auctions become market focus])https://img-cdn.gateio.im/webp-social/moments-4e66808c014e8251db8c00ed5bb68bde.webp(
ETF Flows (as of June 10)
Today's Outlook
Top 500 market cap biggest gains today: Axelar (AXL) up 46.45%, Rocket Pool (RPL) up 28.30%, HarryPotterObamaSonic10Inu (BITCOIN) up 22.30%, Defi App (HOME) up 20.98%, Pocket Network (POKT) up 20.82%.
Hot News
![HashKey Trading Moment: LABUBU's Sky-High Auction Drives the Revival of Old Meme Coins, Can BTC Hold Steady at the $105,000 Support Level? CPI Data and U.S. Treasury Auctions Become Market Focus](https://img-cdn.gateio.im/webp-social/moments-3484f6c2a24ab3e1208628f055de2129.webp(