Lorenzo Stroe
Independent Analyst
Here is what you need to know on Monday, June 22, 2020
BTC/USD had a significant bounce today climbing above $9,600 and trading at $9,555 after a brief pullback. Bulls couldn’t hold BTC above $9,589 to confirm a daily uptrend.
ETH/USD is the biggest gainer among the top cryptos today with a 7% surge. ETH broke $245 and it’s trading at $242.56 at the time of writing.
XPR/USD remains really weak and only trading at $0.188. The daily 12-EMA will act as a resistance level if the bull move continues.
The biggest gainer in the past 24 hours is DigiByte with a 23% bull move to $0.02 and almost $50 million trading volume thanks to the listing on Binance. SwissBorg, up more than 1,000% in 2020 is second with a 14.5% price increase today. Celsius is also up 14% after a steady climb in the past seven days.
Chart of the day: ETH/USD daily chart
-637284521289730008.png)
Market
ByBit, a popular cryptocurrency exchange is now supporting over 20 fiat currencies.
Thanks to our payment partners Banxa and XanPool, Bybit users can now frictionlessly purchase crypto with credit or debit card. - said Ben Zhou, CEO of ByBit.
Ebang, a Chinese Bitcoin mining machine manufacturer is getting listed on NASDAQ on June 26. The report states that it will be officially listed at 9:30 PM with a fundraising scale of $86.94 million and up to $125 million.
Recent statistics are showing that people are withdrawing their Bitcoin from exchanges. In fact, Bitcoin whales, investors that hold over 10 Bitcoin are also withdrawing coins from exchanges. This is one of the most important long-term metrics and can affect the entire crypto market in the near future.
Industry
According to Coindesk Paypal is planning to launch direct sales of crypto to all its users. The story doesn’t state how many cryptocurrencies will be available or which ones will be supported but seems to be confirmed by three different sources.
Quote of the day
Bitcoin is the most stellar and most useful system of mutual trust ever devised
― Santosh Kalwar
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Whale grabs 16,000 ETH as Ethereum Foundation vows support for L1, RWA and stablecoins
Ethereum Foundation's Co-Executive Director Tomasz K. Stańczak highlights simplified roadmap scaling blobs and improving L1 performance. Ethereum whale scoops 16,000 ETH, emphasizing growing interest in the token as the price recovers.
Bitcoin retests key resistance at $85K, breakout to $90K or rejection to $78K?
Bitcoin (BTC) price edges higher and approaches its key resistance at $85,000 on Monday, with a breakout indicating a bullish trend ahead. Metaplanet announced Monday that it purchased an additional 319 BTC, bringing its total holdings to 4,525 BTC.
XRP price teases breakout, bulls defend $2 support
Ripple (XRP) price grinds higher and trades at $2.15 during the early European session on Monday. The token sustained a bullish outlook throughout the weekend supported by bullish sentiment from the 90-day tariff suspension in the United States.
Senator Elizabeth Warren launches fresh offensive on crypto
Senators Elizabeth Warren, Mazie K. Hirono, and Dick Durbin want the DoJ’s decision to terminate crypto investigations reversed. The Senators raise concerns over the DoJ’s shift in priorities, terming it a “grave mistake.”
Bitcoin Weekly Forecast: Market uncertainty lingers, Trump’s 90-day tariff pause sparks modest recovery
Bitcoin (BTC) price extends recovery to around $82,500 on Friday after dumping to a new year-to-date low of $74,508 to start the week. Market uncertainty remains high, leading to a massive shakeout, with total liquidations hitting $2.18 billion across crypto markets.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.