Cryptocurrency market summary (BTC, SOL, BNB). 24.06.2022 Overview :: InvestMacro

On Friday, BTC consolidated at $21,006.

Yesterday’s trading session was the most successful for Bitcoin recently. The major cryptocurrency added 5.6% after the growth of US indices and securities. There is a correlation between the S&P 500/NASDAQ and BTC, which is quite clear at the moment.

From a technical point of view, the focus now turns to $21,900. If the bulls break this level and hold above it, the next target will be $22,900. In theory, after attacking $22,000, the asset might head towards $24,000. The closest meaningful support is $19,700.

Therefore, the main factor for making any decisions regarding the crypto market is the dynamics of US indices. It is noteworthy that the basic background did not provide any clear signals for a long time. Any major news related to BTC is about a year away, ETH is still struggling with the Ethereum 2.0 network, meme coins are not as popular as they used to be and there is nothing really topical to replace them.

Top 10: Demand for SOL and BNB

In the last 24 hours, the top 10 coins showed inspiring results. The best ones are SOL (+7.71%) and BNB (+6.89%). Also of note is ETH (+5.69%). DOGE (+2.33%) and ADA (+3.96%) were slightly weaker.

Bridge between BTC and Avalanche

Ava Labs has launched a cross-chain bridge to link BTC and Avalanche. Network users can now transfer encryption without any third parties. The bridge is based on Intel SGX, a new feature that supports cross-chain transactions.

Binance: Partnership with Ronaldo

Portuguese football legend Cristiano Ronaldo and Binance have announced an exclusive multi-year partnership with NFT. It is assumed that by cooperating with Ronaldo, the company will be able to more effectively present the Web3 ecosystem to users and attract attention to NFT campaigns.

Forecasts presented in this section only reflect the author’s own opinion and should not be considered guidelines for trading. RoboForex LP does not assume any responsibility for the trading results based on the trading recommendations described in these analytical reviews.

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