The percentages on deposits as of June 11

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The crypto market is undergoing another interval of correction, with Bitcoin up by just 1.4% over the past week and Ethereum registering a decline of 3.5%. However, Bitcoin continues to route for $70k while the overall market cap has been above the $2.5 trillion mark for a considerable time now. 
The bull market has made several runs in 2024, and with more institutional adoption and new projects around the corner, the prospects seem lucrative. For investors and traders, spilling their funds on blue-chip tokens isn’t advisable during this phase. 
Instead, the investors should opt for tokens with good potential, strong fundamentals, and the possibility of a massive pull. There’s one token that has caught the fancy of many investors, with experts predicting a 200% increase in the coming week. That token is Bitgert – the latest sensation on the L1 scene, which has an impressive speed of 100K TPS and negligible gas fees. 

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The percentages on deposits as of June 10

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Demand for Bitcoin from large investors and permanent holders is on the rise. However, Bitcoin (BTC) has yet to see a major price rally since the growth in USDT’s market capitalization is slowing, according to CryptoQuant’s recent report.

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Semler Scientific continues to fill its coffers with bitcoins, having made a $17 million purchase and announcing that it is raising $150 million to buy more.

The May announcement of a $40 million bitcoin purchase sent the company's stock up 25%.

Publicly traded healthcare company Semler Scientific (SMLR), which has expanded its corporate strategy to include bitcoin (BTC) purchases, said it is buying $17 million more of the digital currency and is preparing to raise $150 million to buy more.

‘Semler remains focused on our two strategies: expanding our healthcare business and acquiring and storing bitcoins,’ said Doug Murphy-Hutorian, MD, CEO of Semler Scientific, in a press release. ‘The company now has 828 bitcoins, which underscores our view that bitcoin is an attractive investment and can serve as a reliable savings vehicle. We will continue to pursue our strategy of buying bitcoins for cash ‘.

Semler's 828 bitcoins were purchased for $57 million and are now worth $59 million, according to current market data from CoinDesk Indexes.

Collectively, the listed companies hold 308,442 BTC worth approximately $21.8 billion on their balance sheets, according to bitcointreasuries.net.

Semler's announcement in late May that it was buying $40 million worth of bitcoins sent its shares up 25 per cent.

SMLR closed the day down 2.5 per cent in US trading.

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