Bitcoin prices fell marginally on Thursday and traded below
the $31,000 level after rising above the mark in the previous session. Bitcoin
has been trading around the $30,000 level for weeks now, defying predictions of
a potential further decline but also struggling to gain upward momentum as the
broader US market has also taken a beating. The digital token is down over 35%
so far this year, and trading over 50% below its record high of $69,000 it had
hit in November 2021.

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Investor concerns about tighter monetary policy and
strict regulations have duelled with optimism that Bitcoin may have found a
bottom to keep the cryptocurrency in a tight range of around $30,000.

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The global cryptocurrency market cap was at $1.24
trillion, up 0.07% in the last 24 hours. However, the total cryptocurrency 24
hours trading volume is $63.90 billion. Major crypto tokens were trading in red
but prices remained in a tight range. Crypto prices, which have largely
correlated to stocks, again joined major indices. Increasing inflationary
worries and looming fears of the recession continued to weigh on investor
sentiments and cryptos are struggling to weigh on investor sentiments and
cryptos are struggling to get them over them.

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Bitcoin fear and greed index on Thursday, June 9, 2022,
went from the extreme fear level of 17 to the level of 11 as per the
alternative. me. The Fear and Greed index is a technique for assessing
investors’ emotions toward the market.     

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Bitcoin is currently trading at $30,427.55, down by
0.33%. In the last 24 hours, the highest it touched was $30,775.42 and the
lowest was $30,015.98. Bitcoin has a current market cap of $580,871,838,457. It
has a circulating supply of 19,062,525.00. BTC coins have a maximum supply of
21,000,000 coins.

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Solana Ventures forms $100 million funs for GameFi and
DeFi in South Korea

Solana Ventures and the Solana Foundation have set up a
$100 million fund to support the growth of nonfungible token (NFT), gaming and
decentralized finance (DeFi) projects in South Korea. Additionally, the fund
will help keep some Terra-based projects afloat following the collapse of that
ecosystem last month.

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How NFTs are paying tribute to the LGBTQI+ community

The month of June is dedicated to LGBTQI+ pride events in
the United States and several other countries around the world. For the
occasion, an NFT collection paying tribute to a selection of pride icons has
been unveiled to raise funds for organizations fighting for the rights of
lesbian, gay, bisexual, transgender and intersex people. “Pride Icons” is
called “the world’s largest LGBTQI+ NFT collection. It celebrates 100 artists
and personalities that the queer community see as cultural icons.