Crypto Update

— Crypto market capitalization: $1.240 trillion (+2 billion)
- Dominance: BTC: 46.5%, ETH: 17.6%
- Index of fear and greed - 11 (extreme fear) against 17 the day before.

Dynamics of coins from the TOP - 10 for the last 24 hours:

- Bitcoin (BTC): $30,317 (+0.01%);
- Ethereum (ETH): $1,800 (+0.42%);
- Binance Coin (BNB): $287.64 (+0.19%);
- Cardano (ADA): $0.6443 (+0.77%);
- Solana (SOL): $39.12 (-0.16%);
- Dogecoin (DOGE): $0.08011 (+0.18%)

Crypto world news


— A draft law banning the use of digital assets as a means of payment has been submitted to the State Duma of Russia.

— Merging PoW and PoS on the Ethereum Ropsten testnet was successful.

— Five major South Korean cryptocurrency exchanges — Upbit, Bithumb, Coinone, Korbit, and Gopax — have announced they are delisting Litecoin (LTC) following the MimbleWimble update.

Solana will create a $100 million fund to support Web3 startups from South Korea.

Solana developers have fixed the “persistent one-time transaction” bug that caused the blockchain to stop working several times this year.

— The difficulty of mining bitcoin has risen since the fall in May.

— Ledger and venture capital firm Cathay Innovation are launching a $110 million crypto fund. Ledger Cathay Capital will invest in early-stage startups in areas such as decentralized finance, security, infrastructure, and digital property technologies.

Bitcoin:

On Wednesday, June 8, at the end of the day, the BTC/USDt pair fell by 2.96% to $29,843. With growth, buyers did not succeed, as US stock indices closed lower. Bitcoin clung to them with such force that no one knows how to tear it away from them and make it live its own life.

On Friday at 15:30 UTC+3, the US inflation report for May will be released. The 28th day has gone as the price is trading in the corridor and cannot get out of it. On the daily timeframe, the range boundaries have not changed. The longer she stays in it, the stronger the movement will be. Since cryptocurrencies have a high correlation with the US stock market, false exits beyond the $28,000 and $32,000 levels are possible. Consumer price data is important for the US Federal Reserve, so at the beginning of the American session, high volatility in the dollar and bitcoin is expected. Futures on the SP500 is trading in a small minus, so bitcoin speculators can not decide on the direction.