Daily Market Update - June 30th, 2020

#BTC 24 Hour High $9,240 $BTC 24 Hour Low $9,014 $BTC +0.83%

Traditional markets are seeing continued improved results as new economic data resulted in better than most analysts’ forecasts, outweighing the increasing number of new COVID cases in some key states of the USA. Additionally, US pending home sales increased 44%, exceeding all forecasts. However, the World Health Organization stated that the worst is still to be seen as lives claimed by the virus reached 500,000 and confirmed cases have now surpassed the 10M mark. Digital asset markets:

$BTC is giving bulls renewed hopes as it continues to slowly grind up after this weekend drop. $BTC has bounced once again from the $9,015 area just as it did last week before the dip to $8,800, although this time with significantly lower volume. As of now, $BTC is still trading in the same range it has been for the past month and a half but it needs to sustain $9,400 to get traders thinking again of a bullish breakout above $10,000. Otherwise, a rounded top could be in play. Open interest is now slightly lower than where it stood yesterday, now at $668M with funding rates still positive.

22 views0 comments


© 2020 by Rocky Mountain Blockchain Intelligence LLC. All rights reserved.