Crypto Market Update for 19 June 2020: Bitcoin, Ethereum, Cardano, Chainlink – CryptoGlobe

This article provides an overview of how Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and Chainlink (LINK) have been doing over the past 24-hour period, covers recent news that might have affected their prices (or might do so in the future), and looks at interesting tweets about these digital assets from prominent members of the crypto community.

To give you a rough idea of how well the crypto markets are doing today, 14 out of the top 20 cryptoassets (by market cap) are currently in the red (i.e. down against USD).

All market data used in this article was taken from CryptoCompare around 09:20 UTC on 19 June 2020.

Bitcoin (BTC)

Bitcoin is currently trading at $9,389, which means that it is down 0.41% in the past 24-hour period:

24 Hour CC Chart for BTC-USD on 19 June 2020.png

This means that Bitcoin has been trading below the psychologically important $10,000 level since June 3.

During the past couple days, on-chain market intelligence startup Glassnode has been making several interesting observations about Bitcoin:

  • Over 60% of the circulating Bitcoin supply has not moved in over a year.
  • Bitcoinn HODLers have been adding to their position on just over 90% of the first 170 days of 2020: