_{Authors: Trav and TheOpenChain}

Market Movers: June 10

Delivering the most relevant and crucial info you need to win this coming week.

Not to worry, we will still be delivering high quality alpha and deep dives that you’ve come to trust. This is just another way to help us all grow.

Let’s get into it.

1. Bitcoin Price Overview

• Chart Insight:

  • Last Week's High: $71.97k

  • Last Week's Low: $67.56k

  • Weekly Volume: Up from previous week, slightly above average.

  • Daily RSI: 57. Neutral. (Oversold < 30, Overbought >70)

  • Support Levels: $67.6k is the nearest and strongest level of support. Followed by $66.6k and $63.4k

  • Resistance Levels: $70.8k is the nearest and strongest resistance. Followed by $73.2k

Social Sentiment:

• Lowest it has been in a year. Bullish signal for price action.

2. Sector Overview

The entire market has been pretty stagnant throughout last week. Here are the best and worst performing sectors.

Notable High Performers:

• BSC and Binance Chain

• StableCoins

• DeFi

Notable Low Performers:

• AI Projects

• MemeCoins

• NFT’s

3. Token Performance

Best and worst performers over the past week:

4. VC Project Funding

Top Projects that received VC funding last week.

5. Crypto Market News

• Catalysts and News events for this week:

  • CPI and PPI this week June 12/13

    • Relevance: Expect high volatility and price swings this day.

  • $MOTHER from Iggy Azalea to have Utility? June 10

    • Relevance: Highly speculative asset being shilled by celebrities.

  • IO.Net CEO Resigns before Token Launch June 11

    • Relevance: CEO puts token and project ahead of his own best interest.

  • FTX Creditors Reject Proposal to Reorganization Plan

    • Relevance: Protect yourself by keeping up to date with this companies actions. This is a win for crypto.

  • $APTOS, $STRK, $ARB Token Unlocks June 12, 15, 16

    • Relevance: Supply dump may drop the tokens value.

6. Top NFT Projects by 7 day Volume Last Week

7. Community Corner

• Your Voice Matters!

  • Have questions or topics you'd like us to cover? Feel free to reach out by replying to this email and we’ll give you a shout out as well!

  • This Week’s Question: “How can you track Bitcoin Dominance and why is it important?” - Thanks Quantic for the great question!

• Answer: The ticker on TradingView is BTC.D.

• The Bitcoin Dominance Chart (BTC.D) provides insights into the size of Bitcoin’s market cap compared to Major Altcoins.

• It’s calculated by dividing BTC’s market cap by the cumulative market cap of the top 125 coins and then multiplying it by 100.

• Essentially, it shows how big Bitcoin is in relation to other major Altcoins.^. 

• When BTC.D increases, Bitcoin’s dominance grows, indicating that it’s outperforming altcoins. Conversely, a declining BTC.D suggests Altcoins are gaining ground.  

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• Connect with a project that wants you to win.

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