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Bitcoin (BTC) has been consolidating above $35,000 for several days, but the bulls have failed to resume the uptrend above $38,000. This suggests hesitation to buy at higher levels. BitGo CEO Mike Belshe said in a recent interview with Bloomberg that there is likely to be another round of rejections
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SOL prices have risen 150% in the past month, making it the top-performing major cryptocurrency. Source
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XRP price rallied over 20% and climbed above $0.70 against the US Dollar. The price is correcting gains but the bulls might
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The Crypto Fear & Greed Index has jumped to 70.6, the highest since November 2021, according to data source alternative.me. The index, which ranges from 0 to 100, uses several metrics, including market momentum, volatility, volume and social media, to analyze and measure market sentiment for bitcoin and prominent alternative
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The latest price moves in bitcoin (BTC) and crypto markets in context for June 23, 2023. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
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Ether (ETH), the second-largest cryptocurrency by market value, has gained 15.9% since last Thursday, underperforming bitcoin by a notable margin. Ether's GFI index is yet to reach 90%, meaning it could continue to rise, while bitcoin takes a breather. Source
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In traditional markets, the dollar index, which gauges the greenback's exchange rate against majors, rose to 101.80, extending Friday's 0.5% jump from 101.00. The yield on the two-year note gained nearly five basis points to 4.16%, extending the past week's 15 basis points rise. The yield on the 10-year note
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Crypto market capitalization dropped 3.5% in the past 24 hours following a decline in U.S. equity markets. Source
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Ethereum extended its rally above the $1,550 resistance against the US Dollar. ETH is correcting gains but dips might find bids near $1,460. Ethereum gained bullish momentum and even surpassed the $1,550 resistance. The price is now trading above $1,500 and the 100 hourly simple moving average. There is a key bullish trend
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Most alternative cryptocurrencies (altcoins) underperformed BTC on Friday, suggesting a lower appetite for risk among crypto traders heading into the weekend. Further, bitcoin's dominance ratio, or BTC's market cap relative to the total crypto market cap, ticked higher, reversing a short-term downtrend over the past few days. Source
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