Price analysis 6/15: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, SHIB

Price analysis 6/15: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, SHIB – Mail Bonus

Bitcoin (BTC) collapsed near critical support of $ 20,000 when traders reacted desperately and released their assets, for fear of the US Federal Reserve’s aggressive rate hike on June 15. Another reason for the sale could be fears of a possible contagion if Celsius’ lending platform and Three Arrows Capital (3AC)’s cryptocurrency venture go awry.

Data from the CryptoQuant chain analysis platform showed a daily inflow of 59,376 Bitcoin on June 14, the highest inflow since November 30, 2018. The Bitcoin miners also joined other investors in sending Bitcoin to the stock exchanges. The Bitcoin Miners to Exchange flow measurement reached a seven-month high of 9,476, indicating that miners could expect further falls in the near future.

Daily performance of the cryptocurrency market. Source: Coin 360

Prominent investors are debating whether the bottom has been made in Bitcoin or not. Mike Novogratz, chairman and CEO of Galaxy Digital Holdings, estimates that Bitcoin could hold $ 20,000 and Ether (ETH) could bottom out at $ 1,000. Arthur Hayes, founder and former head of BitMEX, also referred to these points, warning that if the points click, it could lead to “high sales pressure in local markets.

What are the important points to look out for in Bitcoin and major altcoins? Let’s look at the charts of the top 10 cryptocurrencies to find out.