What Happened on the Crypto Market While Everyone Was Asleep – June 9 Review

The investment of the financial conglomerate Goldman Sachs in Blockdaemon, the fall in the rate of the two most capitalized cryptocurrencies, the record indicator of web traffic of crypto exchanges in May – these and other news on the morning of June 9 in our review.

Bitcoin (BTC) started the day with a slight fall, which was preceded by the recovery of the cryptocurrency after falling to the level of $ 31 thousand. As of 06:23 (MSK), the coin is trading at $ 32 993.

Bitcoin price chart. Source: TradingView

Read also: BTC On-Chain Analysis: Long Term Hodlers Don’t Give Up

The second largest cryptocurrency in terms of capitalization, Ethereum, also started the day with a slight fall. As of this writing, the coin is trading at $ 2,461.

Ethereum price chart. Source: TradingView

Read also: Investors take ETH from crypto exchanges, but not for DeFi

Most of the top 10 cryptocurrencies in the capitalization rankings have shown positive dynamics over the past 24 hours. The best daily growth result was recorded by Cardano (+ 3.78%). During the week, XRP was losing more actively than others (-15.47%).

Top 10 most capitalized cryptocurrencies. Source: CoinMarketCap

In the top 100 most capitalized cryptocurrencies, Theta Fuel recorded the best daily growth (+ 28.07%) and weekly (+ 74.36%). Over the past 24 hours, Nexo has lost the most in price (-9.04%). The largest losses for the week were recorded at BakeryToken (-26.16%).

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Breaking news on the morning of June 9

  • The President of El Salvador Nayib Bukele prepared and sent for approval to the legislature a draft on the inclusion of bitcoin in the list of legal payment instruments of the country. Information about this appeared in the politician’s microblog.
READ  Is banning bitcoin a good idea? 'I don't understand why we are not leading the way in embracing the currency' - AD.nl

Recall that El Salvador may recognize bitcoin as a legal tender became known on June 7.

  • Financial conglomerate Goldman Sachs took part in the A-series round of financing of Blockdaemon blockchain platform for $ 28 million. Information about this appeared in a press release of the organization.

Greenspring Associates, BlockFi, Voyager Digital, Uphold and other companies also took part in the funding round. The project team offers technical solutions for cryptocurrency staking and node management infrastructure

  • The web traffic of crypto exchanges in May of this year has updated its absolute maximum at the level of 638.2 million visitors. Writes about this The Block.
A graph that reflects the volume of web traffic of crypto exchanges by month. Source: The Block

Compared to April 2021, the traffic of crypto exchanges increased by 20.4% in May.

We will remind, earlier the editorial staff of BeinCrypto understood how the law on tracking transfers from “unwanted” organizations will affect the cryptocurrency market in Russia.


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