#Bitcoin is adding 5.1% over the past 24 hours to $16.5K on Tuesday after updating two-year lows below $15,500. The rate rose in two powerful bursts, one at the start of trading in the US and the other at the beginning of trading in Asia. So far, as a reflex, investors are trying to follow the stock indices, where risk appetite is increasing.

#Ethereum is adding 6.7% in 24 hours as traders are encouraged by its ability to defend the $1,000 level. Top altcoins are adding from 4.6% (Cardano) to 30% (#Litecoin) over the last 24h. The latter is rising on signals that the SEC may recognise the coin as a digital commodity, like Bitcoin, rather than an asset like almost all other cryptocurrencies.

Despite the rebound, Bitcoin is still below the level it started the week, so we characterise the current move as a rebound rather than the beginning of a recovery. Bitcoin first needs to consolidate above $17K as a first reversal signal. More chances are that we are still seeing another mini rally in the bear market.

The total crypto market capitalisation is down 1.7% over the last 24 hours to $1.13 trillion. #Bitcoin is down 1.6%, #Ethereum is losing 1%, and among the top altcoins, only #Litecoin and #Tron show positive dynamics, adding around 0.8%.

Bitcoin's advance on Monday stopped near $27.5K, and at the time of writing, the price has rolled back to $27K, the lower boundary of last Friday's short-term uptrend channel. A break below $ 26.7K could put more pressure on the cryptocurrency.

There is also a similar short-term channel in ETHUSD, and a failure from the current $1,810 to $1,780 would mark a new short-term victory for the bears, potentially triggering a downward spike.

According to CoinShares, investments in crypto funds fell by $54 million last week, the fourth consecutive week of outflows. Bitcoin investments fell by $38 million, while Ethereum rose by $0.1 million. Investments in bitcoin short funds fell by $10 million.

📣Trade responsibly with fxpro.com

The crypto market has lost another 0.8% of its capitalisation in the last 24 hours, rolling back to $1,128, where it was last Friday. Bitcoin is down 1.4%, Ether is down 0.8%, and the top altcoins are mostly down, except for #Litecoin, which is up 3%.

#Bitcoin closed the month down 7.6% at $27.0K, having gained every month since the beginning of the year. With further declines, the momentum towards the $25.5-26.0 area is worth a closer look. There is a 50-week average near the lower boundary, while at the top, bitcoin found support on May's declines.

#Ethereum failed to stick to levels above its 50-day moving average and pulled back to $1850. The following technical support is at $1800.

A solid move below these areas in Bitcoin and Ether will likely trigger a broader sell-off in altcoins.

Regarding seasonality, June is considered a relatively successful month for BTC. Over the past 12 years, bitcoin has ended the month up seven times (up 16.7% on average) and down five times (-19.2% on average).

Cryptocurrency market capitalisation fell 3.2% over the past 24 hours to $1,021 trillion, its lowest level since mid-March when cryptocurrencies rallied on concerns about US banks. There is likely to be a reversal now that crypto exchanges have become a target for regulators and the banking system has managed to avoid any new high-profile failures.

#Bitcoin started Thursday's session below $25K (-3.6% in 24 hours), while #Ethereum fell to $1640 (-5.4%). Major altcoins are losing between 0.45% (#Tron) and 6% (#Litecoin).

Bitcoin has retreated to local resistance levels from August last year to February this year. The bulls may try to hold the sell-off near this level, but the current decline is still within the descending channel that has been in place since April. More significant support for Bitcoin is near the 200-day average - now at $23.6K and pointing higher.

📣Trade responsibly with fxpro.com

Crypto market cap rose 0.6% over the past 24 hours to $1.33 trillion as altcoins outperformed.

According to CoinShares, investments in crypto funds rose sharply again last week, adding $261 million, the sixth consecutive week of inflows. Bitcoin investments increased by $229 million, Ethereum by $18 million and Solana by $11 million.

#XRP rose to $0.73 by the end of the day on Monday. Reaching this level triggered a solid but short-lived wave of profit-taking. This sentiment has spread, albeit with less intensity, to other leading altcoins such as #Solana, #Cardano and #Litecoin. So far, it looks like a quick recharge rather than the start of an extended correction, as the weakness is neither shared by Bitcoin and Ether nor by the equity markets.

#Ethereum, which had seen limited gains recently, rose for the fifth day in a row on Tuesday, trading close to $1900, the highest level in four months.

The crypto market is up 1.5% in 24 hours to $1.41 trillion. The dynamics of coins over the past 7 days have been mixed.

Bitcoin gains 0.7%, Ethereum loses 1.6%, while the top altcoins varied from -5.8% for #Tron and -5% for XRP to +23% for #Avalanche and +4.7% for #Dogecoin.

#Bitcoin sticks to its uptrend channel. In #Ethereum, the trend of higher local lows over the last four weeks is noticeable.

The technical picture in the altcoins is setting up for another change of leaders in the second tier.

#Solana has risen for the past month, gaining around 130%. However, the price is still 77% below its peak in October 2021.

#XRP and #Litecoin, once some of the leading altcoins, are not yet in favour of the market. Like the coins above, they started to rise in the second half of last month but have come under more pressure in the last two weeks, reversing the upward trend. It's worth being prepared for them to underperform the market for the foreseeable future as the focus of developers and holders shifts.

The crypto market has added another 1% to its cap in 24 hours to $2.71 trillion, with an impressive pullback on Tuesday after some altcoins surged the day before.

#XRP and #Litecoin are down 5% so far today after surging more than 20% on Monday. These are all the stars of crypto bull rally of 2017. Their gains here are impressive only if you don't consider that their prices are 1/4 of their previous highs. They have been relegated to the category of laggards in this volatile market, but that doesn't negate their ability to grow. Prices of $200 for Litecoin and $1.3 for XRP are achievable within the current bull cycle.

According to CoinShares, investments in crypto funds rose by a record $2.685 billion last week, beating the previous record set three weeks earlier.

Investments in #Bitcoin increased by $2.637 billion, while investments in #Solana increased by $24 million, and #Ethereum decreased by $2 million. Investments in funds that allow bitcoin shorts increased by $11 million.

#Crypto market cap fell 0.5% to $2.44 trillion as Thursday's growth attempt failed to gain traction due to a new wave of dollar strength. Risk demand is gradually diminishing, forming a sequence of declining intraday highs. However, horizontal support remains in the 2.42 trillion area, where the market also stabilised from May 17th to 20th.

#Bitcoin has pulled back below $67K, losing 0.7% in 24 hours. It continues to test the strength of the 50-day moving average, but it doesn't find enough reason to dive lower. Such persistent testing of the lows sets the bears up for quick success with their next target at $60K.

#Litecoin is trying to cling to the 200-day moving average near $79.4. There has been support around $75 since March, which has been actively playing the role of resistance from November to January. A failure below promises to be a significant trend reversal signal, with next supports near $67 and $60.

📣Trade responsibly with FxPro

The crypto failed to get on a growth path, with its cap falling 1.5% to $2.35 trillion in the last 24 hours.

Cryptocurrencies have had their wings clipped by the sell-off in equity markets, reflecting a downturn in risk appetite in global finance. Due to the link to traditional finance, the largest coins came under pressure. Bitcoin lost 1.3%, Ethereum lost 1.9% and BNB lost 2.9%.

Meanwhile, TON added 1%, and TRON is up 0.6%.

#Bitcoin was actively rising to $66.4K on Thursday, where it reversed just as rapidly to the downside. Local resistance was the 50-day moving average, another important signal of a shift from bullish to bearish sentiment in the cryptocurrency market in addition to the two-week downward trend.

#Litecoin has failed in its attempt to get back above $75 and has been trading around lows since early March. So far, the market has been ruthless on older altcoins, favouring new promising projects or heavyweights like Bitcoin and Ethereum benefiting from actual or potential ETF launches.

The #crypto market is recovering faster than it was falling, adding another 2.4% in 24 hours to $2.4 trillion. Bitcoin has rallied 15% since Saturday, now testing $66K.

Among the top coins, #XRP stands out, soaring 12% in a day and 38% in 7 days. The move in XRP is truly outstanding, proving once again the importance of global support at $0.4. The coin has been performing worse than the market for a long time, but the reversal of sentiment in crypto has sparked a rise on steroids in the once-largest altcoin. On the latest bounce, the price rose to $0.6, its highest since April. This is an attempt to jump back into the uptrend of the past two years. However, it may well turn out that XRP needs to rest after the climb. And this high is appropriate, as we saw prolonged consolidations here in November-December and March.

Another mature altcoin, #Litecoin, gained persistent buyers’ interest, recording its 9th day of growth. At the start of the month, its price fell to $56 - a historically important support area.