Crypto Update

– Crypto market capitalization: $0.872 trillion (-30 billion since Friday)
- Dominance: BTC: 43.4%, ETH: 14.8%
- Index of fear and greed - 9 (extreme fear) against 6 the day before.

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

- Bitcoin (BTC): $19,912 (+10.21%);
- Ethereum (ETH): $1070 (+13.35%);
- Binance Coin (BNB): $207.01 (+8.80%);
- Cardano (ADA): $0.4659 (+6.44%);
- Solana (SOL): $32.11 (+9.96%);
- Dogecoin (DOGE): $0.05804 (+12.75%)

Crypto world news

- 20% cryptocurrency tax in South Korea has been postponed for another two years.
— The Rostec company announced that they have developed a blockchain platform for launching a digital system of international payments that can replace the global Swift system.
Elon Musk said he will continue to support Dogecoin and buy the token despite a $258 billion lawsuit.
Miners are selling their bitcoins to survive the crypto winter. The financial reports of public mining companies showed that they had to quadruple their cryptocurrency sales to make ends meet.
Bitcoin: Over the past week, Bitcoin has fallen in price against the US dollar by 22.58%. Without yesterday's rebound, the fall would have been 33%. On Sunday, June 19, BTU/USDt recovered 8.45% to $20,574. The collapse of cryptocurrencies began at the beginning of last month, when major coins fell along with the stock market on expectations of a tightening of the monetary policy of the US Federal Reserve. Since then, the cryptocurrency market has struggled to recover, but after unsuccessful attempts, the market has made new lows.

On Saturday, the bitcoin rate fell to $17,622. At this level, increased volume was observed. There is an opinion that the market found temporary support in order to spend the day in a corrective phase before the opening of US markets. Today is a public holiday in the US, while futures for the S&P500 and Nasdaq continue to trade. Futures are traded in a small plus, so with their further recovery, cryptocurrencies will also rise in price. They are a benchmark for the cryptocurrency market on Monday.

For today's upward correction, we can single out the level of $21,750. If we rely on the negative dynamics of US stock indices and expectations for a further increase in US Fed rates in July, then the medium-term target is in the region of 10 thousand. To stop considering levels below 17 thousand, buyers need to gain a foothold above $27,500.