June 19 (Cointime) - According to veteran crypto trader Tone Vays, Bitcoin is still in a bearish posture despite its recent bounce. Vays believes that the rally is not enough to initiate a new uptrend for BTC, as it looks bearish after retesting a key moving average on the daily chart as resistance.

June 19 (Cointime) - Bitcoin has surpassed the $26,000 resistance level and could continue to rise if it clears the $26,800 zone. The cryptocurrency has experienced a recovery wave and is trading above $26,000 and the 100 hourly Simple moving average.

June 19 (Cointime) - Bitcoin has experienced a surge in demand after testing a crucial ascending support line, but the short-to-mid term outlook is still not promising. However, the upcoming halving event may benefit the long-term performance of Bitcoin.

June 19 (Cointime) - A crypto analyst, known as DonAlt, has predicted that Ethereum (ETH) could reach a level not seen since Q2 of 2022 if it breaks resistance at $1,940. DonAlt believes that a move above this level could push Ethereum to $2,500, a price last seen in May 2022.

June 19 (Cointime) - The demand for stablecoins has led to a $1 billion increase in TrueUSD's market capitalization between June 16 and 18, pushing it above $3 billion. This surge in market cap indicates that investors are willing to purchase more volatile assets like Bitcoin and altcoins. The decline in stablecoin market cap over the past 15 months may have contributed to this increased demand. Traders suggest that the rise in TUSD exchange supply could be a good time to accumulate altcoins. 

June 19 (Cointime) - A CryptoPunk NFT sold for around $95,000 on Saturday and was later burned in a community-led effort to symbolically shift the asset's underlying chain from Ethereum to Bitcoin. The burn was tied to an Ordinals inscription on Bitcoin that bears the same image as the CryptoPunk NFT. The decision to burn the NFT was made by holders of Bitcoin Bandits, a Western-themed collection of Ordinals inscriptions, and around 150 people contributed to the cause. The end goal is to create a series of Ordinals inscriptions that correspond to a slice of ownership in the CryptoPunk NFT, which will be sent to a digital wallet belonging to Satoshi Nakamoto, the pseudonymous creator of Bitcoin.

June 19 (Cointime) - Crypto whales have recently moved more than $526 million worth of Bitcoin, as the cryptocurrency attempts to recover. Whale Alert, a blockchain-monitoring service, reported several large Bitcoin transactions, including one involving an investor moving 10,205 BTC worth $261.32 million from an unknown wallet to another unknown wallet. The whales paid relatively low fees to process the transfers, with one paying just $35.73 to move a large BTC trove. These transactions come as Bitcoin has bounced back from its weekly low of $24,864 to a high of $26,676, an increase of over 7%.

June 19 (Cointime) - Investing $100 in each cryptocurrency last Father’s Day would be worth the following based on prices at the time of writing:

June 19 (Cointime) - According to data from Glassnode, Bitcoin miners have transferred more BTC to exchanges in the past week than at any point in the past five years. Despite this, miners are still holding 1.829 million BTC, worth around $49 billion. Some market analysts believe that the miners' transactions indicate their confidence in Bitcoin's future prices, while others suggest that the flow of funds to exchanges suggests that an entity plans to sell. Bitcoin's value has dropped significantly in the past two weeks, but sentiment appears to have shifted after BlackRock applied for a Bitcoin Spot ETF.

June 18 (Cointime) - Dave the Wave, a trader who accurately predicted the May 2021 crypto market collapse, advises against being excessively risk-averse on Bitcoin at its current low price. He believes that being too cautious at the bottom would be counter-productive and a play on sentiment.