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Market Wrap: A Bitcoin Lull as Stocks Signal Economic Optimism

www.coindesk.com

Bitcoin trading on Coinbase since June 1Source: TradingView After an exciting start to a week where bitcoin surged quickly then dropped, traders certainly have strong opinions on recent market activity Rupert Douglas, head of institutional sales at brokerage Koine, believes that the movement’s intention was to wipe out some traders in the derivatives market. The FTSE Eurotop 100 index of the largest stocks by market capitalization ended trading in the green 2.6% as the Eurozone eases lockdowns.

Bitcoin versus global indices since 5/1/2020Source: CoinDesk Research A quiet day for bitcoin might just be the platform for another price breakout, said Henrik Kugelberg, an over-the-counter cryptocurrency trader based in Sweden. Ether trading on Coinbase since June 1Source: TradingView Cryptocurrency winners on the day include cardano (ADA) in the green 8%, nem (XEM) climbing 6.7% and iota (IOTA) up 6%.

Read in Full: www.coindesk.com
Bitcoin BTC
$ 70828.31
Bitcoin ADA
$ 0.6519
Bitcoin XEM
$ 0.05218

Timeline of Bitcoin, Cardano, Nem

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Bitcoin Bitcoin
70753.9000 0.93%
Ethereum Ethereum
3589.34000 0.26%
BNB BNB
586.163000 1.36%
Solana Solana
186.357000 -0.05%
XRP XRP
0.62160000 0.43%