Header logo
  1. Research
  2. Crypto Research
  3. Market Update

Crypto Daily Report – June 18

Jun 18, 2021
body div center ul, body div center li { font-size: 22px; margin-left: 10px !important; margin-right: 0 !important; Most Important Daily Data and News for Digital Assets Crypto Daily ReportThe Most Important Daily Data for Digital Assets Daily Analysis from FSInsightJune 18, 2021According 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 worldDaily Important MetricsCrypto Size  Bearish SignalBullish signal is tied to the crypto market growingMarket Cap $1.6T $-57.6B (-3.55%)BTC Dominance   45.30% (-0.03%)Stable Coins   Bearish SignalIncrease in circulating

Unlock this page with a FREE 30-Day Trial!

*Free trial available only on a monthly plan

Already a member?

Reports you may have missed

Bitcoin FOMO Fuels ETF Frenzy. Retail May Still Miss Out

U.S. equities are extending Friday’s rally, with the $SPY and $QQQ both gaining about 0.65%. This week’s macroeconomic data includes consumer credit tomorrow, wholesale inventories on Wednesday, and consumer sentiment on Friday. There are Fed speakers set for every day this week and it’ll be interesting to monitor if they take a dovish or hawkish tone after Powell’s dovish speech last week. Crypto markets gained over the weekend, with BTC -0.34% ...

BTC ETH FRIEND QQQ SPY
FSInsight Puts Ethereum At $12,000 EOY, Bullish Forecast For Bitcoin

As outlined in this week’s Core Strategy note, our “Buy in May” thesis was kept intact following the Fed’s announcement of tapering QT and a dovish FOMC meeting, helping yields begin to roll over. This morning’s non-farm payrolls data has helped fuel further yield deterioration with a large downside surprise of 175k payrolls vs. 238k expected, and the unemployment rate ticking up to 3.9% (3.8% exp.). The US10Y (-1.68%) briefly...

BTC QQQ SPY TON
Bitcoin will hit $200,000 in the second half of 2022, predicts FSInsight

We are finally starting to see some relief in interest rates and the DXY 0.00% following yesterday's FOMC meeting and the Treasury's quarterly refunding announcement. BTC -0.34% has rebounded from yesterday's low of $56.5k and is now trading just above $59k, while ETH -1.69% is attempting to break through $3k resistance. SOL 1.24% has outperformed, gaining 10% compared to BTC yesterday and is now trading just below $140. The market is showing decent breadth...

AAPL AR BONK BTC COIN ETH IMX OP PEPE QQQ SOL SPX W
Invesco ditches its plan to launch a US bitcoin futures ETF any time soon, just before the first-ever makes its debut

Risk markets were selling off before today's FOMC meeting where it was unanimously voted to keep interest rates steady. The Fed announced it would be reducing the speed of its balance sheet taper from $60 billion per month to $25 billion per month, a larger than expected reduction. Following the announcements and Chair Powell’s comments, yields turned sharply lower with the US10Y falling 9 basis points while equity indices rose....

BTC ETH MATIC OP QQQ SPY STRK

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 1/1

🎁 Unlock 1 extra article by joining our Community!

You’ve reached your limit of 1 free monthly articles. Please enter your email to unlock 1 more articles.

Already have an account? Sign In