Crypto Update

— Crypto market capitalization: $0.900 trillion ($900 billion)
- Dominance: BTC - 43.0%, ETH - 14.6%
- Index of fear and greed: 11 (extreme fear) against 11 the day before.

Dynamics of coins from the top 10 for the last 24 hours:

- Bitcoin (BTC): $20,307 (-0.92%);
- Ethereum (ETH): $1,084.09 (-1.74%);
- Binance Coin (BNB): $220.55 (+1.55%);
- Cardano (ADA): $0.4715 (+0.02%);
Solana (SOL): $35.68 (+1.75%);
- Dogecoin (DOGE): $0.06348 (+0.79%)

Crypto world news

- In Russia, they want to create a "golden cryptoruble" backed by gold. The Russian stablecoin will be used for external settlements, including between third countries without the participation of Russia. The US will not be able to block transactions with such a cryptocurrency, since its rate will be tied to the value of gold on the world market;
— Tether launches a stablecoin pegged to the British pound;
— Huobi exchange accused the former manager of insider trading and misappropriation of $5 million;
- The Singapore regulator has issued a license to Crypto.com;
— The Cardano team postponed the Vasil hard fork to July;
— The Chinese government has warned crypto investors that bitcoin prices are “heading towards zero.” The authorities are trying to dissuade citizens from using cryptocurrencies.

Bitcoin: on Wednesday, June 22, the price fell by 3.55%, to $19987. Buyers failed to break through the $21,500 level, as the sale of risky assets began again due to a statement by US Federal Reserve spokesman Barkin. He announced an impending recession. As a result, the prices of commodity assets flew down, and with them the shares of mining and processing companies. Investors focused on concerns about energy demand, due to growing recession expectations. After Powell's speech, American indices rebounded, but the growth was restrained, which did not allow bitcoin to continue its upward movement.

The BTC/USDt pair has stabilized at $20,000. The activity of buyers remains at a low level, as you hear from all sides about the collapse of bitcoin, down to zero. Miners are selling off their holdings of cryptocurrencies to make ends meet. Those who have few crypts sell equipment to cover expenses and repay loans. So the miners have now switched to the side of the sellers.

Futures for indices are traded in a small minus. If on Thursday at the American session the indices hold above 20 thousand, then on Friday the buyers will make an attempt to gain a foothold above $22,000.