$BTC 24 Hour High $22,974.00
$BTC 24 Hour Low $21,804.35
$ETH 24 Hour High $1,654.43
$ETH 24 Hour Low $1,506.66
Happy Tuesday from HKbitEX! Hope you had a great holiday! Highlights from the week:
- The recovery in crypto markets continues as $BTC soared above $24K and now sits around $22K
- $ETH soared by about 60% at one point in the past 10 days and reached a multi-month high of over $1,600
- French banking giant BNP Paribas will partner with Metaco and Fireblocks to provide cryptocurrency custody services to its clients
The $BTC and $ETH market
The recovery in crypto markets continues as $BTC soared above $24K on Wednesday. $BTC tumbled to $22K immediately following the release of Tesla’s earnings report, revealing that it sold off 75% of BTC holdings. The asset recovered some ground and sit at $23K. However, the bears regained control over the market and push $BTC south hard. As a result, it dumped to a 6-day low of under $22K. As of now, $BTC still struggled there, and its market cap has declined to $420 billion. $BTC’s dominance over the alts is at 41.6%. At the time of writing, $BTC is trading at $21,588 with $24K as its next major resistance level and $20K as its next key support level.
$ETH wise, the second-largest cryptocurrency soared by about 60% at one point in the past 10 days and reached a multi-month high of over $1,600 despite retracing slightly since then. Ethereum 2.0 merge now is 90% complete and will effectively end the Proof of Work era of the protocol and see it transition to Proof of Stake. The bullish news around Ethereum fueled a price boost of its native token – Ether (ETH). At the time of writing, $ETH is trading at $1,419.54 with $1,600 as its next major resistance level and $1,200 as its next key support level.
BNP Paribas (EPA:BNP), announced last Wednesday (20/6) that it would partner with Swiss-based crypto custody provider Metaco and the blockchain platform Fireblocks to provide cryptocurrency custody services to its clients.
Alts & DeFi
Alts and DeFi wise, Defi TVL (Ethereum network) increases to $42.07B at the time of writing. For some well-known tokens, over the week, Yearn Finance ($YFI) recorded 3.58% growth, Aave ($AAVE) is -16.30%, Compound ($COMP) is -13.05%, Uniswap ($UNI) is -10.34%, Polkadot ($DOT) is -12.42%, Chainlink ($LINK) is -8.39%, Cardano ($ADA) is -2.77%, Polygon ($MATIC) is -16.34%, Solana ($SOL) is -18.92% and Avalanche ($AVAX) is -13.00%.