Price analysis 6/10: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, AVAX, SHIB

Price analysis 6/10: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, AVAX, SHIB – Mail Bonus

US stock markets crashed on June 10 after the CPI showed that inflation rose by 8.6% from a year ago, the highest increase since 1981. The latest figures show that inflation talks have been premature and according to Bloomberg, investors price 3% policy rate at the end of the year.

With its continued close correlation with the S&P 500, Bitcoin (BTC) fell below $ 30,000 on June 10th. Analysts still disagree on price action in the near future, but Tom Lee, founder of Fundstrat, said in an interview with CNBC that Bitcoin could have already bottomed out. However, Lee seems to have lowered his expectations as he said that Bitcoin could “stay flat this year, possibly up”.

Daily performance of the cryptocurrency market. Source: Coin 360

Among the steady flow of negative news was a glimmer of hope from the news that Bloomberg had expanded its coverage of cryptocurrency data at Bloomberg Airport to 50 cryptocurrencies. Alex Wenham, Bloomberg’s chief cryptocurrency officer, gave a positive message when he said that institutions’ interest in digital assets continues to grow.

Now that Bitcoin is trading near the volatility level again, is a crisis at the capitulation-level a threat? Let’s look at the charts of the top 10 cryptocurrencies to find out.