Gate.io Blog Gate.io’s Daily Market Trends （June 19th）: Dollar Index Continues to Strengthen as Bitcoin Price Continues to Fall

Gate.io’s Daily Market Trends （June 19th）: Dollar Index Continues to Strengthen as Bitcoin Price Continues to Fall

19 June 15:15

As of 11:00 BST, Bitcoin’s price was $35,519.63, Ether’s price was $2,212.29, and DOT’s price was $20.924. Bitcoin’s price took a small dive yesterday under the combined pressure of increased inflation expectations and strengthened dollar. There were five straight losses on the hourly line, with the highest intra-hour drop reaching $938.99. Subsequently, Bitcoin’s price sequential increases, but volume did not return to pre-decline levels. From the market momentum indicators, Bitcoin price rise was lackluster

According to Gate.io data, a total of 73,390 traders have suffered liquidation in the past 24 hours, worth a total amount of over $ 569 million.
The dollar index DXY continues to rise, hitting a two-month high

In 2020, the average ROI of U.S. blockchain ETF funds reached 74%. Among them, the highest ROI is 139% for funds issued by Amplify Transformational Data Sharing. Blockchain ETF portfolio include shares in companies engaged in blockchain technology, derivatives related to cryptocurrency and cryptocurrency capital management companies like Grayscale or Bitwise.
Bitcoin Mining Council held its first inaugural meeting on Twitter Spaces yesterday, discussing how they will tackle negative media narratives. It also stated that its purpose is not to be a regulating body of any kind. Rather, it’s a forum that is open to all miners.

Blockchain ETFs invests in companies working on blockchain technology, and those who hold crypto assets such as Grayscale and Bitwise.

Portugal grants the first crypto exchanges licenses to Cryptoloja and the Mind the Coin, making these two the first exchanges to operate legally as “virtual asset service provides”.

Danske Bank of Denmark noted that it will continue to hold a cautious attitude towards Bitcoin and cryptocurrencies. The bank considered that the transaction with crypto was not transparent, making it difficult to fight illicit financial activities such as money laundering.

Author: Gate.io Researchers: Gazer. C & Charles. F
*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all other cases, legal action will be taken due to copyright infringement.

Gate.io Spot Quotes (as of 11:00 CST)
BTC:$35,519.63(-5.97%)；ETH:$2,212.29(-5.49%)；DOGE:$0.291714(-3.51%)；GT:$3.63(-6.14%)；XRP:$0.79559(-5.09%)；ADA:$1.4216(-3.43%)；DOT:$20.924(-5.69%)；UNI:$20.208(-6.89%)；

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Gate.io’s Daily Market Trends （June 19th）: Dollar Index Continues to Strengthen as Bitcoin Price Continues to Fall

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