Everything you need to make sense of the crypto markets and beyond By the CoinDesk Markets Team Edited by Lawrence Lewitinn, Managing Editor, Global Capital Markets June 14, 2021 (Price data as of June 14 @11:15 UTC) If you were forwarded this newsletter and would like to receive it, sign up here.
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Check out the CoinDesk TV show "First Mover," hosted by Christine Lee, Lawrence Lewitinn and Emily Parker at 9:00 a.m. U.S. Eastern time. Today the show will feature guests:
Biggest Movers These are the biggest movers in the CoinDesk 20 over the past 24 hours:
Gainers: Losers:
The CoinDesk 20 are 20 digital assets filtered from the larger universe of thousands of cryptocurrencies and constitute roughly 99% of the market by volume at eight of the largest and most trustworthy exchanges.
Market Moves by Omkar Godbole Bitcoin Eyes $40K as Musk Says Tesla May Use Crypto in Future Bitcoin looks north as Tesla CEO Elon Musk says the electric-car maker will accept the cryptocurrency as an alternative payment subject to miners meeting environmental standards. Bitcoin prices with 200-day moving average, May-June 2021 (Source: TradingView)
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Technician's Take by Damanick Dantes, CMT Bitcoin Attempts Range Breakout; Faces Resistance at $42K Bitcoin (BTC) held support around $34,000 over the weekend and is approaching resistance around $40,000-$42,000. The world's largest cryptocurrency has been consolidating for nearly a month as buyers established a solid base around $30,000.
A breakout from the range would yield further upside towards $50,000. However, sellers remain in control given strong overhead resistance.
Bitcoin was trading around $39,300 at press time and is up about 9% over the past 24-hours.
Bitcoin four-hour chart shows short-term support and resistance levels with RSI (Source: TradingView)
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ICYMI In case you missed it, here are the most recent episodes of "First Mover" on CoinDesk TV:
"First Mover" explores countries considering bitcoin adoption and the reasons the idea is gaining traction. Edan Yago, the co-founder of DeFi protocol Sovryn with business interests in Latin America, shares his news and perspectives. Also joining the show to discuss the crypto markets is Joel Edgerton of bitFlyer USA, the U.S. arm of the Japan-based crypto exchange. Plus, IBM is seeking to get back into the blockchain business in a big way. The company's blockchain lead, Kareem Yusuf, discusses IBM's plans to help enterprises move into the blockchain era.
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