BitDigest June 10 · Issue #676
- Crypto prices flat (again)
- The West African nation of Ghana reiterated its commitment to develop a central bank digital currency
- The former CFTC Chairman has been called to testify before the House Committee on Financial Services to explain the benefits of a digital dollar
Technical Roundup Analysis
Technical Roundup warns that bitcoin’s price rejection at $10,000 means technically BTC could fall back to $8,590, but they do not feel that there is compelling evidence of this bearish decline; they believe the lack of sellers is keeping BTC intact in the current range above $9,300.
The Headlines
Market Data
Exchange, Custody and Product News
Reports you may have missed
Crypto Receives a Boost from Strong Jobs Print, WULF Sells Hash Rate to Expand AI Capabilities
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MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC 0.99% falling to $60k and ETH -0.09% approaching the low $2,300s. Aptos (APT 0.44% ) is one of the few gainers in the top 100 tokens as they have strengthened their presence in Japan via an acquisition of HashPalette, a Japanese NFT service provider and developer of Palette Chain. AAVE -2.61% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC 0.99% climbing back above $61,000 and SOL -0.30% moving above $145, while ETH -0.09% is lagging, trading around $2,400. Among today's outperformers is SUI -1.97% , which appears resilient despite a $115 million token unlock yesterday. Oil is partially retracing its early rally, gold is lower on the day, and yields are moving higher, suggesting at least a temporary reversal of...
MARKET UPDATE Markets are selling off in the first day of Q4, fueled by geopolitical fears as tensions rise in the mid-east. The SPY 1.03% and QQQ 1.01% have dropped 1.14% and 1.92%, respectively, while the VIX has surged over 17%. XAU and DXY are gaining as investors move towards safe-havens. Crypto assets have also sold off, with BTC 0.99% briefly dropping below $62k and ETH -0.09% below $2.5k. Among altcoins, SUI -1.97% is showing...