Higher highs and higher lows for BTC, and deadline approaches for SEC crypto ETFs decision
🚀 Bitcoin climbs to $108K - outperforming broader equities
🌐 Ethereum outpaces BTC - with 2% overnight gain
💪 Bitcoin Cash rallies again - weekly gains near 9%
📈 ETF decisions loom - with Grayscale and single-crypto filings in focus
Bitcoin is trading around $108,000 this morning on a wave of renewed optimism, outperforming the broader US stock market, which it’s been tracking closely in the past few weeks. Beating Bitcoin this morning, though, is Ethereum (ETH), which has gained more than 2% overnight. Bitcoin Cash (BCH) continues to stand out among the large-caps, rising another 4% in the past 24 hours, bringing its weekly gains to about 9%.
While many altcoins are dipping into the red this morning, Berachain (BERA) is a notable exception, rising roughly 4%.
Bitcoin’s more than 3% rise over the past week, and its consolidation around current price levels, is being cited by some as reinforcing its narrative as a flight-to-safety investment, particularly relevant given the current macroeconomic uncertainty.
In regulatory news, the Securities and Exchange Commission is set to decide by Tuesday next week whether Grayscale can convert one of its multi-crypto funds into an exchange-traded fund (ETF). This decision may influence other pending ETF applications tied to single cryptocurrencies such as Litecoin, Solana, XRP, and Dogecoin. As the weekend approaches, traders are watching closely, will Bitcoin make another push toward its all-time high of around $111,200?
In the markets…
🌍 Total crypto market cap ↗️
The global crypto market cap is approximately $3.28 trillion, reflecting a 0.51% increase over the past 24 hours.
🟠 Bitcoin (BTC) ↗️
Price: $108,021, up 1.22% in the last 24 h
Daily high: $108,015
Daily low: $106,431
📈 S&P 500 ↗️
SPY is currently up about 0.00% since yesterday’s close.
😐 Fear & Greed Index
The Crypto Fear & Greed Index stands at 50/100, indicating a neutral sentiment among investors.
📊 Bitcoin Relative Strength Index (RSI) (14)
The 14-day RSI for BTC is approximately 64.2, still in the neutral zone (30–70).
Data is accurate as at 08:00 GMT, 26 June.
Cautionary Notes
It's definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.
