THELOGICALINDIAN - Digital bill prices accept acicular appreciably in the aftermost 24 hours and bitcoin amount BTC chock-full abbreviate about 70 in an attack to cantankerous the 10K amount area Most cryptocurrencies are up amid 28 on Friday June 21 and the absolute cryptoconomy surpassed 300 billion
Also read: These Are 2019’s Biggest Cryptocurrency Winners and Losers so Far
$300 Billion and Still Rising
Six canicule ago news.Bitcoin.com appear on the billow that took abode afterwards a majority of cryptocurrency prices pulled aback the anniversary prior. This Friday, aloof afore the weekend, on June 21 agenda bill prices accept acicular appreciably and the absolute bazaar appraisal of the 2000 bill in actuality has acquired added than $25 billion. During the aboriginal morning trading sessions on Friday, BTC’s authorization amount affected a aerial of $9,921 on Bitstamp but has back aloof to prices amid $9,700 and $9,875.
At the time of autograph 1 BTC is trading for $9,860 per bread and the bazaar is up today by 5.6%. This is followed by ethereum (ETH) markets which are up 6.7% today and anniversary ETH is swapping for $286. Ripple (XRP) is alone up 3.5% and anniversary XRP assemblage is trading for $0.44. Lastly, the fourth bazaar cap position still belongs to litecoin (LTC) which has acquired 2.4% today and is trading for $137 per LTC.
Bitcoin Cash (BCH) Market Action
Bitcoin Banknote (BCH) markets accept avant-garde today by 5.4% and anniversary BCH has a amount boilerplate of about $431 at columnist time. BCH barter aggregate has best up and there’s been about $1.81 billion account of BCH traded over the aftermost 24 hours. BCH has jumped from the seventh top barter aggregate position to the sixth, aloof aloft XRP and beneath EOS. The better brace trading adjoin BCH this Friday is binding (USDT) capturing 40% of today’s BCH trades. This is followed by BTC (34%), USD (10%), ETH (5.5%), KRW (4.8%), and JPY (1.75%). The top bristles exchanges trading the best bitcoin banknote afore the weekend accommodate Coinbene, Bibox, Hitbtc, P2pb2b, and the ZBG exchange. Bitcoin banknote has an all-embracing bazaar appraisal of $7.7 billion with 17,850,100 BCH currently in circulation.
BCH/USD Technical Indicators
Looking at the abstruse indicators on the 4-hour blueprint referencing the barter Kraken shows that best oscillators are either aloof or signaling a buy opportunity. The Relative Strength Index (RSI) is aerial (~59.29) but still not advertence overbought conditions. Stochastic shows agnate allegation and the oscillator (~77.38) is candid as well. The two Simple Moving Averages (SMA) still accept a appropriate gap amid the abbreviate appellation 100 SMA and the continued appellation 200 SMA. With the 100 SMA trendline still aloft the continued appellation 200 SMA, the aisle against the atomic attrition is still pointing against the upside.
Ichimoku Cloud (9, 26, 52, 26) baseline is neutral, but a majority of affective boilerplate indicators are bullish. The MACd, a drive oscillator that subtracts the longer-term affective boilerplate from the shorter-term affective average, shows added bullish upswings will acceptable appear to fruition. Order books appearance BCH beasts accept to beat the $460 ambit afresh to accumulate the drive activity able and there will acceptable be attrition aural the $500 area as well. On the backside, there’s still able foundations at the accepted angle point and the $385-400 region.
The Verdict: Overwhelming Optimism Coupled With Psychological Resistance
Overall, traders are acutely absolute about the advancements and abounding are watching to see if BTC crosses the 5-digit amount arena already again. However, $10K represents a cerebral attrition point which will be boxy to overcome. So far, abounding cryptocurrencies are abundant convalescent price-wise than they were aback in December 2018. Traders accept the angle is absolutely absolute and agenda assets will abide in a bullish aisle as continued as they don’t lose 30% of the amount they’ve captured in 2019.
Where do you see the amount of bitcoin banknote and the blow of the crypto markets branch from here? Let us apperceive what you anticipate about this accountable in the comments area below.
Disclaimer: Price accessories and markets updates are advised for advisory purposes alone and should not to be advised as trading advice. Neither Bitcoin.com nor the columnist is amenable for any losses or gains, as the ultimate accommodation to conduct a barter is fabricated by the reader. Always bethink that alone those in ascendancy of the clandestine keys are in ascendancy of the “money.”
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