Crypto Daily Report – June 18

Jun 18, 2021
Most Important Daily
Data and News for Digital Assets

Crypto Daily Report

The Most Important Daily
Data for Digital Assets

Daily Analysis from FSInsightJune 18, 2021
  • According to on-chain data, long-term bitcoin HODLers* have become net buyers of BTC for the first time since October. Bitcoin is down 3% since yesterday morning to its current level of $37,500. 
  • Grayscale is wading farther into DeFi waters as it explores 13 more investment products including ones that would provide exposure to the likes of Polygon (MATIC) and 1inch (1INCH). Grayscale currently manages $34 billion, the majority of which is invested in bitcoin.
  • BBVA is responding to a reported "significant desire" among investors for exposure to digital assets by rolling out a bitcoin trading service for private banking clients in Switzerland. The business will launch on June 21st and will include both trading and custody services.

*HODL is the colloquial term for "hold" in the crypto world

Daily Important Metrics

Crypto Size  Bearish Signal

Bullish signal is tied to the crypto market growing

Market Cap $1.6T $-57.6B (-3.55%)

BTC Dominance   45.30% (-0.03%)

Stable Coins   Bearish Signal

Increase in circulating stablecoins is a Bullish signal

In Circulation $63B (-0.01%)

In Exchanges $1.6B (-10%)

Funding Rate   Bearish Signal

Positive funding rates indicate traders are Bullish

Bitmex -0.03% (+19%)

Binance -0.00% (-596%)

BTC Metrics Bullish Signal

A decrease in Bitcoin on exchanges is bullish, indicates investors are moving coins to cold storage

# BTC in Exchanges 2.6M (-0.19%)

Sentiment

Crypto Daily Report – June 18

Futures CME Bearish Signal

A positive spread between Futures Prices and Spot Prices is Bullish

BTC Price $37,690 (-3.78%)

Spot Basis   $-205 (-0.54%)

Volume 6,880 (-2.93%)

Open Interest  7,827 (-0.04%)


Options CME Bullish Signal

Higher open interest change in a bull market is bullish for the sector

Volume 37.00 (-34%)

Open Interest 1,260 (2.19%)

All metrics as of June 18, 2021 12:07 AM
Crypto Prices
SymbolMarket CapLast PriceDaily ChangeYear to DateRelative to BTC YTD
BTC$710B$37,895-3.52%31%
ETH$270B$2,325-4.39%215%185%
BNB$54B$352-1.90%843%813%
ADA$47B$1.48-2.73%714%683%
DOGE$39B$0.3011-2.97%6,445%6,414%
XRP$39B$0.8377-1.93%283%252%
DOT$21B$21.90-7.54%136%106%
BCH$11B$592-4.16%73%42%
LTC$11B$165-3.48%33%2.26%
LINK$9.7B$22.49-6.79%100%69%
Our Deep Research Projects
AMP$3.9B$0.0912-18%1,282%1,251%
BSV$3.0B$162-1.89%-0.67%-31%
IOTA$2.9B$1.06-4.48%257%227%
AVAX$2.5B$14.49-4.55%356%325%
ZIL$1.2B$0.1012-5.42%21%-9.61%
ZEN$931M$83.07-5.34%619%588%
INX$157k$0.0009-0.25%-89%-120%

All prices as of June 18, 2021 11:47 AM

Exchanged Traded Products (ETPs)
SymbolPremium to NavLast PriceDaily ChangeYear to DateRelative to BTC YTD
GBTC-11%$32.190.44%-8.24%-39%
BITW9.33%$43.90-0.45%-17%-47%
ETHE-7.48%$22.91-1.21%91%60%
QBTC-4.99%$62.821.72%16%-14%
QETH-7.05%$58.291.82%170%139%

All prices as of June 18, 2021 7:47 AM

Stocks
SymbolMarket CapLast PriceDaily ChangeYear to dateRelative to BTC YTD
PYPL$327B$269-0.12%16%-15%
SQ$103B$224-0.59%1.19%-29%
COIN$60B$227-0.51%-40%-71%
SBNY$14B$2621.44%93%63%
MSTR$6.1B$617-0.39%45%15%
RIOT$3.3B$34.00-0.58%106%76%
MARA$3.0B$29.84-0.43%171%140%
SI$2.6B$1020.44%53%22%
MOGO$508M$7.34-1.34%83%52%

All prices as of June 17, 2021 11:30 PM

*COIN YTD since 14/04/2021

Important Levels and Targets
BTCETH
LevelPriceDistancePriceDistance
TARGET$100,000164%$10,500352%
RESISTANCE II$43,00013%$5,000115%
RESISTANCE I$39,0002.92%$3,00029%
CURRENT PRICE$37,895$2,325
SUPPORT I$34,606-8.68%$2,000-14%
SUPPORT II$30,145-20%$1,490-36%
SUPPORT III$20,000-47%$1,380-41%
News
QUICK BITS
What Is EIP-1559 and Why Are Markets So Excited About It?
Decrypt.coRead the full story >
Ethereum developers have put forward a proposal to help solve the network's high gas fees. While markets are excited, miners are not.
Kraken could go public in 12 to 18 months, according to CEO
CoinJournalRead the full story >
CEO Jesse Powell has said the exchange is “doing all the prep work” to… The post Kraken could go public in 12 to 18 months, according ...
DigiFinex Crypto Exchange to List Horizon Protocol’s Token HZN
NewsBTCRead the full story >
DigiFinex, a global cryptocurrency exchange, is adding Horizon Protocol’s token HZN to its ever-increasing list of tradeable altcoins. This news comes a few days after Horizon Protocol announced the upcoming launch of their Horizon Genesis project on...
Bitcoin Mining Company Bitfarms to Commence Trading on Nasdaq Next Week
Bitcoin.comRead the full story >
The mining company Bitfarms has revealed the firm will commence trading on Nasdaq Global Select Market starting on June 21. The firm claims to process 1% of the global hashrate and with “99% green hydroelectricity.” Bitfarms Renewable Operations to L...
China’s Digital Yuan is Now Available at 3000+ ATMs in Beijing
Decrypt.coRead the full story >
China has expanded its digital currency experiment with a roll-out of digital yuan conversion feature at more than 3,000 ATMs in Beijing.
McLaren Racing Teams Up With Tezos For Formula 1 NFTs
Decrypt.coRead the full story >
The partnership will see Tezos brand emblazoned across the Formula 1 team's cars and drivers' race suits.
DOSE OF DEFI
Mark Cuban Hit by Iron Finance Token Crash, Calls for Defi Regulation
Bitcoin.comRead the full story >
Billionaire investor and Shark Tank star Mark Cuban has called for cryptocurrency regulation focusing on decentralized finance (defi) and stablecoins after a token he invested in collapsed from $64 to near zero. Cuban Wants Defi and Stablecoin Regula...
CRYPTO INFRASTRUCTURE
Grayscale is exploring 13 more investment products, including ones for Solana and Polygon
The BlockRead the full story >
Crypto asset manager Grayscale is exploring 13 more investment trust products, including ones tied to Solana and Polygon tokens. The post Grayscale is exploring 13 more investment products, including ones for Solana and Polygon appeared first on The ...
Banking giant BBVA opens bitcoin trading and custody services in Switzerland
The BlockRead the full story >
Spanish banking giant BBVA's swiss entity, BBVA Switzerland, has started offering bitcoin trading and custody services. The post Banking giant BBVA opens bitcoin trading and custody services in Switzerland appeared first on The Block.
REGULATION
Thailand SEC Requires Crypto Exchanges to Comply Revised Rules
CoinNews AsiaRead the full story >
Offers in Asia-Pacific were blended in Monday exchange, with different significant business sectors in the locale shut for occasions. Thailand has become the most recent country in Asia, after China, to limit exchanging the profoundly speculative dig...
Bitcoin Miners in Sichuan Ordered to Shut Down: Report
Decrypt.coRead the full story >
The Ya’an municipal government in Sichaun has ordered energy companies to cut supply to 26 cryptocurrency mining farms.
FUNDRAISING AND M&A
Yield Guild Games Raises $4 Million to Power Its Play-to-Earn Proposal
Bitcoin.comRead the full story >
Yield Guild Games, an online gaming guild, has raised $4 million to power its play-to-earn proposal in a Series A funding round. The funding round was led by Bitkraft, a venture capital company specializing in e-sports investments. Other blockchain a...
Decentralized Gaming Platform DeFi11 Eyes Expansion After $3.5M Raise
BtcEthereumRead the full story >
PRESS RELEASE. DeFi11, a decentralized gaming ecosystem, is introducing major changes to both revamp the platform and make it fairer to users as part of an expansion fuelled by recent funding. 17th June 2021, New Delhi, India – Fantasy sports have g...
Finnish crypto lender Tesseract bags $25 million Series A
The BlockRead the full story >
Tesseract, a Helsinki-based crypto lending business, has closed a $25 million Series A fundraise led by London’s Augmentum Fintech. The post Finnish crypto lender Tesseract bags $25 million Series A appeared first on The Block.

Reports you may have missed

After significantly outperforming equities leading up to its halving event on Friday, BTC 1.44% continued its upward trend over the weekend, now trading just below $66k. ETH 1.05% has generally followed suit, although continuing to lag behind BTC, with its current price around $3200. SOL 0.13% , meanwhile, has continued its strong rebound from the recent price slide, reaching $156 yesterday, currently trading slightly below that level. The crypto market is broadly performing well...

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