Over the past 24 hours, the cryptocurrency market experienced a slight net inflow of $0.23 billion, bringing the total market cap to $1.11 trillion, a 0.22% increase. Bitcoin's market cap rose by 0.55% to $515.53 billion, while Ethereum's market cap fell by 0.14% to $221.42 billion.

The Turkish economy has faced challenges such as currency depreciation and inflationary pressures, leading to the suggestion by Michael Saylor, CEO of MicroStrategy, that digital currencies like Bitcoin could save weakening regional currencies like the Lira.

Bitcoin saw a slight increase while Ether experienced a small decrease during Friday afternoon trading in Hong Kong. However, most of the top 10 non-stablecoin cryptocurrencies saw a minor rally following the SEC's lawsuits against Binance and Coinbase. Despite this, investor sentiment remains cautious after the SEC's legal action against the two platforms.

According to CryptoSlate, a large amount of Bitcoin was recently transferred from miner balances to exchanges. Further investigation has revealed that a significant portion of this outflow was from the Poolin miner pool, which sent 1,200 Bitcoin to Binance on June 5th. This brings their total BTC outflow to 5,800 since May 30th.

Despite the ongoing market turmoil caused by U.S. regulators, short-term holders of Bitcoin have shown resilience by holding onto their coins. However, many of these investors have been selling at a loss on average. While the percentage of short-term holder supply sent to exchanges has increased slightly, it remains lower than during previous market implosions in 2022.

Bitcoin's dominance over altcoins has increased by approximately 1% in just a few days due to recent developments in the SEC-crypto industry front. Cardano has dropped by over 4% while other larger-cap altcoins are slightly in the red. Bitcoin's market capitalization remains just over $510 billion, but its dominance over altcoins has increased to 46.7%. The total crypto market cap has managed to defend the $1.1 trillion level in the past day after a dip on Monday and Tuesday.

The global cryptocurrency markets experienced slight gains at the start of the day, with the overall market cap increasing by 0.8% to reach $1.1 trillion. Bitcoin also saw mild gains, with a 0.3% increase in valuation to reach $26,490, although its trading volume dropped by 31% within 24 hours. Ethereum also experienced slight gains, while altcoins such as Ripple and Dogecoin saw increases, but Cardano and Litecoin experienced drops. 

Galaxy Investment Partners CEO Mike Novogratz attributes his success to his early experience in wrestling, which taught him how to lose and come back. He explains that his success as a macro-investor is a combination of reading economic, political, and social trends and understanding how markets behave with those inputs.

Cathie Wood's Ark Invest funds have purchased millions of shares in Jack Dorsey's payment firm Square Inc (SQ) and Coinbase (COIN). Wood remains bullish on Bitcoin, reiterating her $1 million target price by 2030 and explaining that the regulatory hurdles faced by Binance will benefit Coinbase.

Bitcoin's recovery from the $25,500 support level on June 6 does not guarantee an easy breakthrough above $27,500. Investors anticipate stricter regulatory scrutiny following recent actions against Coinbase and Binance, with the US Securities and Exchange Commission (SEC) undertaking eight cryptocurrency-related enforcement actions in the past six months.