Crypto and stock markets investors after surviving the first half of 2022
#cryptomarket
#btc
Last night the SEC rejected Grayscale's bid for a #Bitcoin ETF. Today, Grayscale responded with a lawsuit.Grayscale CEO Michael Sonnenshein joins:
"The SEC is acting arbitrary and capricious," says Sonnenshein.
📈Market Overview
Bitcoin saw continued strength on June 21 as Wall Street trading opened with a trip to near $21,500. Shortly after that, BTC continued its selloff and returned to $20,000.
The Top-10 cryptocurrencies are traded in red zone: Polkadot -8.17%, Solana -7.95%, Cardano -6.98%.
Market capitalization: $934B (-4.07%)
The BTC dominance: 40.88% (-0.56%)
Fear & Greed Index: 11 (Extreme Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
Qi Dao (QI) +95%
TitanSwap (TITAN) +39.4%
Waves (WAVES) +36.1%
👉 Top Losers
Celsius (CEL) -32.5%
Cube Network (CUBE) -30.9%
Green Satoshi Token (BSC) (GST) -25.3%
BTC Futures
Aggregated Volume — $40.7B
Aggregated Open Interest — $9.67B
📉 Daily Bitcoin chart review 📈
Bitcoin continues bullish move it started yesterday and there is a good chance to see 22-22.8 SR soon. But on higher tf BTC has to consolidate more in order to slow down the downtrend. At this moment most bullishness we may expect is "dead cat bounce" to 25-26k. For the rest its too early as BTC can spend several weeks at least chopping between 18k and 23k.
🟥 21800 - 22600 - 23450
🟩 20600 - 19700 - 17555
😱 F&G: 9 <= 9 <= 6 <= 6 <= 9
💩 Alts: 52% < 46% < 45% < 42%
#BTC #Bitcoin #cryptonews
📈Market Overview
Bitcoin's month-to-date chart is very bearish, and the sub-$18,000 level seen over the weekend was the lowest price seen since December 2020. Bulls' current hope depends on turning $20,000 to support, but derivatives metrics tell a completely different story as professional traders are still extremely skeptical.
The Top-10 cryptocurrencies are traded in green zone: Solana +14.6%, Polkadot +10.7%, BNB +7.34%.
Market capitalization: $973B (+4.74%)
The BTC dominance: 41.17% (+0.22%)
Fear & Greed Index: 9 (Extreme Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
Celsius (CEL) +124.8%
Reserve Rights (RSR) +41.7%
Green Satoshi Token (BSC) (GST) +41.6%
👉 Top Losers
Cube Network (CUBE) -6.07%
Singularity DAO (SDAO) -3.54%
AscendEx Token (ASD) -3.38%
BTC Futures
Aggregated Volume — $49.8B
Aggregated Open Interest — $10.1B
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The Bitcoin market has reeled from a massive deleveraging event this week, both in on-chain DeFi markets and off-chain as exchanges, lenders and hedge funds being rendered insolvent, illiquid or liquidated. The market sold off below 2017 $20k ATH on 18-June, reaching a truly remarkable low of $17,708. Prices did, however, recover the $20k level on Sunday.
With Bitcoin and digital assets being the only tradeable instruments over the weekend, macro fears and demand for dollar liquidity appear to have been taken out of the space. As a result of this extreme deleveraging event, we have started to see signals of capitulation across a number of entities, including miners, Long-term holders, and the aggregate market.
In this edition, we will explore these various sectors to assess whether maximum pain has been reached or not.
Read more: 👉https://bit.ly/3n5gS9I
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💥 Michael Saylor: "Bitcoin is money you can hold for 100 years or 100 milliseconds. You can not do that with Visa and you can not do that with gold"
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TAG HEUER has released new models of CONNECTED CALIBER E4 smartwatches aimed at #NFT-holders
💥 "Are you considering buying more Bitcoin at this price?"
Michael Saylor Saylor, "Yeah, we'll keep buying more"