_{Authors: Trav and TheOpenChain}

Market Movers: June 17

Delivering the most relevant 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: $70,187

  • Last Week's Low: $65,005

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

  • Daily RSI: 40 - Neutral. (Oversold < 30, Overbought >70)

  • Support Levels: $64k, $60.6k

  • Resistance Levels: $66.5k, $67.8k, $70k

  • Trend Last Week: Bearish

• Social Sentiment:

• Whales Positioning:

2. Sector Overview

3. Token Performance

Best and worst performers over the past week, of the top 300 tokens by market cap:

4. VC Project Funding

Top Projects that received VC funding last week.

5. Crypto Market News

• Catalysts and News events for this week:

  • Tether's New Digital Asset: Tether is launching a new digital asset on June 17. As Tether is a major player in the stablecoin market, this launch could have implications for liquidity and market dynamics​ (CoinMarketCap)​.

  • ETH ETF: could launch as soon as July 2. Many are saying this could be a sell the rumor, buy the news event. Regardless, ETH ETF will bring huge amounts of web2 liquidity to crypto. (Crypto.news)

  • zkSync Listings: zkSync (ZK) will be listed on multiple exchanges, including Binance, BitMart, CoinEx, and KuCoin, on June 17. Such widespread listing can lead to increased liquidity and interest in zkSync​ (Coindar — Cryptocurrency Calendar)​.

  • Fetch.ai AMA: An AMA session with Fetch.ai on June 18 will discuss their agents' ability to execute on different blockchains, which could provide insights and drive interest in the project​ (CoinMarketCap)​.

  • Stellar (XLM) Mainnet Upgrade Vote: Stellar has a mainnet upgrade vote happening this week. Such upgrades often lead to improvements in network functionality, which can positively influence the asset's price​ (CoinMarketCap)​.

  • XRP and CBDC’s: Ripple CEO announces collaboration with 10 new governments to enact national CBDC’s. (Finbold.com)

• Largest Token Unlocks this week:

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: “Where do you get your on-chain data metrics?” - Thanks TheOpenChain for the great question!

• Answer: I use the Sanbase by Santiment.

• They have the most accurate and up-to-date metrics I’ve seen.

• Consistently adding new metrics and insights.

• Active team/community with weekly initiatives to help educate and empower users.

Bonus Alpha: 

New opportunity with the Yeti-Apes:

The Yeti-Apes team are launching an initiative this week where anyone can join their discord community, host a community based game (ex. poker, trivia, royal rumble, etc.) and get paid!

Check out their bio on X and join their discord server HERE.

Finally, we'll be giving away exclusive thank-you gifts to our early supporters, so be sure to invite your friends to subscribe to Growth Bytes. Link below 👇️ 

http://web3bytes.beehiiv.com/subscribe