Last week, Bitcoin (BTC) fell below the $59,000 threshold for the first time in eight weeks, leading to widespread losses across the market. Some assets, however, recorded new all-time highs amid the decline. As a result, the overall crypto market cap decreased by 4.6% to $2.24 trillion.<\/p>\n
Dubbed the first culture coin on the internet, the meme coin started the week with a bearish trend, collapsing by 11.07% on June 23. Despite this, MOG spiked 45.32% on June 24 and June 25 due to increased social volume, solidifying its position as the largest cat-themed meme coin by market cap. MOG hit a new all-time high of $0.00002123 on June 29 amid increased interest, closing the week at $0.0000018355, marking a 67% increase.<\/p>\n
However, its Commodity Channel Index (CCI) sits at 130.83, suggesting that the asset is overbought, indicating a potential pullback. KAS recorded a 25% weekly rise but had a less bullish performance than MOG. The PoW community-based asset entered a price discovery phase after breaching its previous all-time high of $0.1939 on June 30, reaching new record prices and becoming the 23rd largest cryptocurrency with a market cap of $4.725 billion.<\/p>\n
Caution is advised as the new week begins, with a potential retracement as buying pressure reduces. Ethereum token experienced a similar bullish momentum, but bearish pressure erased most of its gains, coinciding with the upper Bollinger Band, presenting strong resistance from the bears. Fetch.ai, a decentralized machine learning platform, saw its corresponding coin collapse, with FET dropping by 27% from June 27 to June 29 and ultimately closing the week with an 8.56% loss.<\/p>\n
Despite a rebound effort, the asset remains below the 20-day SMA, indicating indecisiveness in the market at the moment.<\/p>\n","protected":false},"excerpt":{"rendered":"
Last week, Bitcoin (BTC) fell below the $59,000 threshold for the first time in eight weeks, leading to widespread losses across the market. Some assets, […]<\/p>\n","protected":false},"author":1,"featured_media":2375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[737],"tags":[],"class_list":["post-2376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-movements"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/2376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/comments?post=2376"}],"version-history":[{"count":0,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/2376\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media\/2375"}],"wp:attachment":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media?parent=2376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/categories?post=2376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/tags?post=2376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}