Major digital assets have made big profits on June 30, because the amount of crypto market has suddenly increased billions of dollars. With bittoine and ether, the basic cryptocurrency of the Atrial Blockchen protocol, which leads the market with 11 percent profit, has also increased significantly in value, EOS, Stellar, Cardano, IOTA and other major digital assets like Neo. Today the corrective rally, ether, and the remaining crypto market of Bitcoin can be attributed primarily to the recovery of the daily trade volume of key cryptocracies. Prior to the corrective rally, the amount of bittoine and ether was less than $ 3 billion and $ 1.2 billion, respectively. In the last 24 hours, the amount of BTC was $ 4.7 billion, while the amount of ETH was $ 1.6 billion.
Although the cost of BTC has increased by 11 percent from $ 5,800 to $ 6,400, but in the coming days, it will need to keep pace in the $ 6,500 area to stay above the $ 6,100 resistance level and start a proper short-term rally. .
Bitcoin has been relatively stable around the $ 6,400 area in the last 12 hours, which is struggling to do any major movement both on top and bottom. Other digital assets have maintained their support level for more than 12 hours.
In the present, exponential and simple running averages display positive indicators in the short-term, but various motion oscillators and indicators show that in the last 12 hours, the pace of bitcoin has slowed down, which indicates a decline in the short-term.
It is very quick to conclude that Bitcoin entered an oxygen cycle and a suitable short-term rally. There is a big chance that the recent rise in the price of BTC was a corrective rally from the sudden decline of $ 6,500 to $ 5,800, and due to the sudden increase in the value of major digital assets in the coming days, the highest value is behind the strong recovery today. Depression, cryptocycles may be slightly lower.