The Crypto Market While You Were Asleep: June 17

Briefly –

  • Bitcoin back to $39.3K after closing at $38.3K yesterday.
  • AMP surges 24%.
  • SEC delays VanEck BTC ETF decision once more.

As always, a lot has happened in the market as you were deep into your dreamland. In this morning’s round-up, we will dive into the market changes and cryptocurrency news that you may have missed.

Bitcoin Update

Bitcoin traded at a $41,330 high on 15th June. That was after the leading cryptocurrency failed to overcome the $41,250 resistance level, 0.382 Fibonacci retracements. Keep in mind that Bitcoin started rising gradually over the last few days due to the positivity that the market experienced. However, since hitting the resistance zone, BTC has had downtrends. For example, the coins formed a bearish stick yesterday, resulting in a $38,116 drop.

However, that might not concern investors that much. Keep in mind that technical indicators signal a bullish market attitude. Both MACD and RSI indicate that the Bitcoin market has increased bulls for now. Also, the stochastic oscillator increased with an optimistic cross.

With that, analysts anticipate a breakout over the $41K level after many failures. If bulls manage to push over that level, Bitcoin might have its next resistance area at $44,755, the .5 Fibonacci level.

Altcoin Movers

The overall crypto market capitalization has declined beneath $1.7 trillion today morning, following a 2% drop. Keep in mind that the crypto market has never exceeded the $1.81 trillion zone since its $1.46 trillion local low on 24th May.

Most digital coins in the top hundred by market capitalization saw slight losses over the last 24 hours. While writing this, BTC is low by 2%, while the leading altcoin, Ethereum, is down 3%.

AMP ranks first in highest daily gains once more. The asset surged 24% over the past day and a 93% increase since last week.

SHIB was the biggest gainer yesterday. However, the meme coin is down by 9% at this publication. Despite the dip, Shiba Inu remains 10% high since last week.

On the other cryptocurrency news, US SEC delays VanEck BTC ETF decision again, stating that it needs public commentary.

Stay tuned for more about the next moves on the crypto market.

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