View Daily Crypto Trends

11th June 2023: Weekly Crypto Trends

Crypto Assets
Bitcoin and Ethereum end lower on the week , by 2.8% and 3.5% respectively. Bitcoin loses short term uptrend, while Ethereum just maintains it.
Secondary coins had a very poor week as lawsuits from the SEC against Binance and Coinbase depressed the sector. Several Cryptos were identified as securities in the lawsuits named above. Only Ripple maintains a short term uptrend while all other coins under review are in both short and medium term downtrends. Selected coins made new short term lows such as Solana, Avalanche, Fantom, Near, Cosmos, Polygon and Cardano. Several coins now test potential support lower down including Polygon at 0.72, Cardano at 0.28, and Decentraland at 0.4. Ripple remains strongest and tests the top of the short term range at 0.55.

Crypto related equities were down last week. Tesla was a strong performer, up 14.2%. Coinbase was the biggest loser, as a result of the SEC’s further action, falling 17.5%.

Headlines

The Crypto price falls on the week were set off by SEC accusations against Binance, which include mass insider trading, market manipulation issuance of unregistered securities etc etc. Coinbase was again singled out by the SEC.

Coinbase and Binance suffered $4 billion of outflows during the week as a result of the negative news.

Lois Vuitton is said to issue a $41000 NFYT to select clients giving them certain benefits including access to exclusive customisable products, early releases of new products, and bespoke experiences. The NFTs will not be able to be traded or transferred between individuals.

Major Coin Summary
NameCloseDaily Ch %Wk ChWk Ch %RSIST ScoreLT ScoreOverall
Bitcoin26,491.45-0.1%-762.09-2.8%40000
Ethereum1,841.36-0.3%-66.34-3.5%4742010

Bitcoin and Ethereum end lower on the week , by 2.8% and 3.5% respectively. Bitcoin loses short term uptrend, while Ethereum just maintains it.

Ratio Chart
Secondary Coin Summary

Weekly change – highest to lowest

NameCloseWk Ch %RSIST ScoreLT ScoreOverall
XRP (Smart Contract Coin)0.542.9%6375-88-48
Monero (Privacy Coin)143.26-2%38-75-47-54
Stellar (Privacy Coin)0.09-3%44-75-92-88
DogeCoin (Memecoin)0.07-4.2%38-75-88-85
Avalanche (Smart Contract Coin)13.77-5.1%30-75-88-85
Polkadot (Cross Chain Coin)4.99-5.6%36-83-92-90
ChainLink (Cross Chain Coin)5.98-7.2%36-83-88-87
THORChain (Smart Contract Coin)1.09-8.5%35-92-88-89
Fantom (Smart Contract Coin)0.29-11.4%26-92-91-91
Theta Token (Gaming Coin)0.75-11%27-92-91-91
Cosmos (Smart Contract Coin)9.27-13.7%35-83-88-87
Near (Smart Contract Coin)1.39-14.1%29-92-91-91
BNB Chain Native Token (Smart Contract Coin)261.52-15.3%25-92-3-24
Decentraland (Gaming Coin)0.41-16.3%32-83-88-87
Solana (Smart Contract Coin)17.43-18.2%36-75-88-85
The Sandbox (Gaming Coin)0.47-18.4%38-83-88-87
Polygon (Smart Contract Coin)0.73-19.3%27-100-3-27
Cardano (Smart Contract Coin)0.30-21.9%29-92-91-91

Secondary coins had a very poor week as lawsuits from the SEC against Binance and Coinbase depressed the sector. Several Cryptos were identified as securities in the lawsuits named above. Only Ripple maintains a short term uptrend while all other coins under review are in both short and medium term downtrends. Selected coins made new short term lows such as Solana, Avalanche, Fantom, Near, Cosmos, Polygon and Cardano. Several coins now test potential support lower down including Polygon at 0.72, Cardano at 0.28, and Decentraland at 0.4. Ripple remains strongest and tests the top of the short term range at 0.55.

NameCloseDaily Ch %Wk Ch %RSIST ScoreLT ScoreOverall
Ark Innovation ETF42.51-0.4%2.1%7150-88-54
Block Inc64.94-0.2%2.3%60-75-88-85
Coinbase Global Inc Cl A53.28-3%-17.5%54-75-92-88
Hive Blockchain Technologies Ltd3.00-2%-7.7%50-334728
Marathon Digital Hldgs Inc9.38-2%-6.5%4975-88-48
Microstrategy Cl A282.33-3%-6.6%4675-41-12
Riot Blockchain Inc10.33-2.1%-11.8%4975018
Robinhood Markets Inc Cl A9.41-0.9%0.7%60-75-88-85
Tesla Inc244.404.1%14.2%8717-92-65

Crypto related equities were down last week. Tesla was a strong performer, up 14.2%. Coinbase was the biggest loser, as a result of the SEC’s further action, falling 17.5%.