- The total market capitalization (TOTAL) is $3.39 trillion (slight decrease of $2 billion).
- Facing resistance at $3.43 trillion, with major support at $3.31 trillion.
- The RSI indicator shows strong upward momentum, and it could target $3.49 trillion if buying pressure continues.
Today's news:
1. Freezing funds in favor of Circle:
Circle has frozen $57.5 million of USDC coins for wallets linked to the Libra organization (LIBRA), for unclear reasons (possibly related to criminal issues in Argentina or civil matters in America).
2. Saudi investment in XRP:
VivoPower, listed on NASDAQ, announced the launch of a treasury fund backed by $121 million of new capital, sponsored by Saudi Prince Abdulaziz bin Turki Al Saud. It will be the first fund focused on XRP, and shareholders will vote on the plan on June 18, 2025.
Analysis of major currencies:
Bitcoin (BTC):
- Current price: $108,246 (slight decrease).
- Failed to break the resistance of $110,000.
- The CMF indicator shows strong cash flows, enhancing the likelihood of an upward trend.
- Risk of dropping to $106,265 or $105,000 if the market declines.
Uniswap (UNI):
- Increased by 20% in 24 hours despite the patent theft controversy with Bancor.
- Current price: $7.61.
- Needs to establish $7.55 as support to continue rising towards $8.29.
- The Parabolic SAR indicator indicates the continuation of upward momentum.
- Risk of falling to $7.09 or $6.30 if support is broken.
Summary:
The overall market is in a sideways range between $3.31-3.43 trillion, with improvements in altcoins led by UNI. Bitcoin needs a push to surpass $110,000, while news of freezing and institutional investments is attracting significant interest.#TradingTypes101