Have a nice and productive day for everyone, and for some of them, more recently, fruitful work on the "farm"! As always, I offer you a daily review of the market news:
BTC. On the chart, there was a working out of the technical analysis figure-an inverted "Head and Shoulders", considered in the review of June 12, however, the growth momentum of the right shoulder was of a news nature. The price movement does not manage to overcome the upper limit of the ascending channel indicated on the chart. The asset is consolidating under the resistance level at $40,600, and the decline in trading volumes indicates the exhaustion of buyers ' strength. In the absence of strong positive news, the most likely is a local correction of bitcoin to the accumulation block in the area of $39,000, followed by consolidation over this zone, with a weak price reaction to this level, the instrument is waiting for a decline to the support of $37,800.
ETH. Over the past 24 hours, the cost of ether to BTC has increased by 3%. The asset is consolidating under the resistance level of $2620, the nearest support level is $2500.
MicroStrategy has announced a possible sale of its own shares with a total value of up to $ 1 billion for the subsequent acquisition of digital gold .
A few hours before the announcement, a major software vendor announced the successful collection of $500 million by placing bonds, which are also planned to be invested in cryptocurrency.
The new investment model assumes that MicroStrategy will be able to sell its shares "from time to time" depending on needs. This approach to attracting financing will be less risky for the company itself than when using debt instruments, and as a result for the entire crypto market, since it will reduce the likelihood of large sales of digital stocks in emergency cases. To date, taking into account the round closed on Monday, MicroStrategy has concentrated more than 100 thousand # BTC under its management, which is about 0.5% of the total number of bitcoins mined to date. As the largest public company that owns the main cryptocurrency, its fate is directly linked to the BTC rate.
Altos: The launch of a stacking program by the Sports (SX) project based on the Cometh platform led to a 45% increase in the price of SX (against the dollar).
The announcement of the imminent launch of the main network and liquidity mining by the Pendle project (PENDLE) increased the value of PENDLE by 40% (to the dollar).
The major US indexes opened on Monday with different dynamics, with the S&P 500 close to a historic record. Investors ' attention this week will be focused on the meeting of the Federal Reserve System, at which the Central Bank is expected to maintain a soft monetary policy, which should not affect the market with increased volatility.
As a result, the US stock market ended mixed on Monday, with gains in the technology, consumer services and utilities sectors and negative trends in the raw materials, finance and oil and gas sectors. At the close on the New York Stock Exchange, the Dow Jones fell by 0.25%, the S&P 500 index rose by 0.18%, the NASDAQ Composite index rose by 0.74%.
▫ ️The total capitalization of the cryptocurrency market increased by 2.9% over the past day, the dominance of digital gold decreased by 1%, which allowed the alt to outperform the main cryptocurrency in terms of growth. A scenario with a continuation of the local decline in the dominance of BTC is likely, and in the absence of a sharp correction impulse from bitcoin, the capital will go to altcoins.