  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 Sponsored by  (Price data as of June 14 @11:15 UTC) If you were forwarded this newsletter and would like to receive it, sign up here.
Good morning. Here's what we're writing about:
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)
- The short-term trend is improving as price returned above the 100-period moving average on the four-hour chart.
- There is immediate resistance at $40,000 which could limit upside, especially as the relative strength index (RSI) appears overbought on the four-hour chart.
- Minor support is seen around $34,000 which is the mid-point of the short-term range. If support holds, a decisive breakout above $42,000 could shift the downtrend from May.
Read the original story here:
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BOLO
Be on the look out for some of these upcoming events:
- SEC's initial decision on Kryptcoin's ETF proposal expected some time today.
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The cryptocurrency movement has never been so sprawling, reaching every corner of the planet.
Crypto State by CoinDesk aims to connect with local communities to explore this movement of financial disruption and how it trickles down to every corner of the globe, from DeFi investment opportunities to alternative ways to transact and store wealth.
We're making virtual stops with audiences in Nigeria, the Middle East and Southeast Asia this year. Register for the Crypto State virtual tour.
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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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Latest Headlines
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Tesla Will Resume Taking Bitcoin as Payment Once Miners Go 50% Green, Musk Says
The comments provide a first benchmark for reinstating bitcoin payments at Tesla.
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Crypto Long & Short: The Market Gets Smarter
This week, the cryptocurrency markets displayed a more sophisticated understanding of regulatory and technology risk.
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Tanzania's President Urges Central Bank to Prepare for Crypto
The president's speech follows El Salvador's adoption of bitcoin as legal tender.
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Banks in South Korea Instructed to Treat Crypto Exchanges as High-Risk Clients
Banks will have to deny services to clients that do not comply with ID verification requirements or fail to report suspicious activity to the FSC's anti-money laundering unit.
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Crypto Monitoring 'More Effective' Than Outright Ban, Dutch Finance Minister Says
The minister was responding to calls by the head of Bureau for Economic Policy Analysis for a total ban.
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Disclaimer: The information presented in this message is intended as a news item that provides a brief summary of various events and developments that affect, or that might in the future affect, the value of one or more of the cryptocurrencies described above. The information contained in this message, and any information liked through the items contained herein, is not intended to provide sufficient information to form the basis for an investment decision. The information presented herein is accurate only as of its date, and it was not prepared by a research analyst or other investment professional. You should seek additional information regarding the merits and risks of investing in any cryptocurrency before deciding to purchase or sell any such instruments.
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