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XRP Price Continues to Decline as Bitcoin and Ethereum Experience Bullish Trends

June 20 (Cointime) - XRP's price is still down by 2.1% despite bullish trends in Bitcoin and Ethereum. Ripple CEO Brad Garlinghouse is advocating for regulatory clarity in the US and criticizing the SEC's enforcement approach. XRP investors are hoping for a recovery, but the lower ascending trendline must be defended if declines continue.

Bitcoin Traders Increasing Leverage, CryptoQuant Report Warns of Looming Volatility

June 20 (Cointime) - Bitcoin traders are increasing their leverage in response to recent price growth, which has led to potential market turbulence, according to a report by CryptoQuant. The Estimated Leverage Ratio metric shows a sharp surge in leverage used by traders, while irregular outflows from the Spot market and high leverage in the futures market are exacerbating the situation.

Investor Chris Burniske Predicts Crypto Could Follow Bullish Stock Market Trend

June 20 (Cointime) - Chris Burniske, a partner at Placeholder, has predicted that the crypto market could follow the bullish trend of the stock market. He cites data from Glassnode founders Jan Happel and Yann Allemann, who note that Bitcoin has historically rallied after the Nasdaq 100 index (NDX) has cooled off.

BitMEX Co-Founder Arthur Hayes Bullish on Bitcoin Rally Despite US Treasury Dept's TGA Refill

June 20 (Cointime) - According to BitMEX co-founder Arthur Hayes, the impact of the US Treasury Dept issuing treasury bills on the crypto and stock markets is not as significant as expected. He believes that risk assets like Bitcoin will soon start to rally. Hayes has created a custom US dollar liquidity index to track how the TGA refill will affect the US dollar liquidity.

Global Market Cap Records Mild Gain as Bitcoin Prepares for Bull Run Consolidation

June 20 (Cointime) - The global market cap has increased by 0.8% in the latest trading session, reaching $1.08T. Bitcoin's price has risen by 1.3% to $26,821, with a weekly gain of 2.8%. The Bollinger bands indicate reduced volatility on Bitcoin, while the relative strength indicator and MACD indicator suggest a bullish trend.

Bitcoin Price Steadily Recovers, Blackrock's Bid for Spot BTC ETF Boosts Market Sentiments

June 20 (Cointime) - Bitcoin's price has continued to recover steadily, reaching $27,200 for the first time since June 7 despite negative market sentiments. The cryptocurrency is currently trading at $26,938, with a 2% increase in 24 hours. If the bullish outlook stays grounded, Bitcoin's price could push beyond $28,000, bringing the psychological $30,000 hurdle within reach.

Bitcoin Enters 'Hangover Period' With Low Volumes and Volatility

June 20 (Cointime) - Bitcoin markets have entered a period of low activity and volatility as US regulators have increased their scrutiny of the industry. This has resulted in the asset remaining range-bound as it recovers from losses. On-chain analytics platform Glassnode has reported that Bitcoin's volatility, volumes, and realized values are at multi-year lows, and the market is in a "hangover apathy phase."

Bitcoin Price Eyes Sustained Upward Move Above Key Resistance Levels

June 20 (Cointime) - Bitcoin's price has surpassed the $26,500 resistance level and could gain momentum if it settles above the $27,200 and $27,500 resistance levels. The price is currently trading above $26,500 and the 100 hourly Simple moving average, with a key bullish trend line forming with support near $26,600.

Bitcoin Holds Above $26,000 as Binance Faces Regulatory Woes in Europe

June 20 (Cointime) - Bitcoin held above support at US$26,000 in Tuesday morning trading in Asia, rising 1.41% over the last 24 hours to US$26,765 at 07:00 a.m. in Hong Kong. Ether also logged gains, while Binance's BNB token was little changed to lower amid regulatory woes.

Bitcoin Dominance Surpasses 50% of Total Crypto Market Cap

June 20 (Cointime) - Bitcoin's dominance in the cryptocurrency market has surpassed 50%, with the digital currency accounting for half of the total $1.1 trillion market capitalization. This marks a surge of more than 10.5% since November 2022, largely driven by investors turning to Bitcoin as a safe haven amid regulatory scrutiny and the FTX crisis.