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Almost the entire cryptocurrency market in the “red zone”

Jul 1, 2019

In the past two and a half weeks, we have seen an apparent weakening of the buyers’ activity. Moreover, 17 out of 19 coins with the capitalization more than  $ billion finished the current week in the red zone.

BTC is held above the zero level, even despite the correctional decline of more than $2700 from the reached highs above $13750. However, the Chainlink (LINK) shows more rapid growth. In the first half of June, the LINK price was kept at the level of $1.14. But last week the maximum was set at $4.5. As a result of robust growth, this coin is held at the 16th position in the rating, with a capitalization of more than $ 1.2 billion

Google – Chainlink Growth Driver

crypto trading terminal

Until mid-June LINK price had been kept only slightly above $1, but after the announcement of the integration of Chainlink in Google, the price of this coin has risen sharply. An hour after the tweet was posted on June 13, the coin added 50% to its value. Over the next two weeks, growth exceeded 400%.

Delisting on Bittrex 

Bittrex cryptocurrency exchange will delist eight cryptocurrency pairs. This time, assets will be removed not only from the American trading platform, but also from the international platform Bittrex International.

On July 12, the following altcoins and associated trading pairs will be removed from both trading platforms: ArtByte (BTC-ABY), Diamond (BTC-DMD), Emercoin (BTC-EMC), Musicoin (BTC-MUSIC), Qwark (BTC-QWARK ), Solarcoin (BTC-SLR), Whitecoin (BTC-XWC) and Zclassic (BTC-ZCL).

The company does not indicate the reasons for delisting the tokens noted above. Most likely, this decision is due to the low liquidity of these cryptocurrency pairs.

Of course, delisting has fairly strong pressure on all the coins on the list, especially considering the already low demand for them.

Craig Wright is not Satoshi Nakamoto

During the next trial, Craig Reith was unable to provide the court with evidence of access to Satoshi Nakomoto’s bitcoins.

During the meeting, Craig Wright said that he could not currently confirm possession of the keys from the corresponding addresses. These are addresses that Wright allegedly owned on December 31, 2013, which in turn would indicate that he is Satoshi Nakomoto. According to Wright, he handed over elements of the keys to Kleiman, which is why he cannot currently perform operations with first Bitcoins.

Moreover, his strategy has changed, and the court case was very impulsive.

Wright was declaring that he could provide all the necessary evidence in 2020. At this stage, it looks like a delay in the trial. At the same time, he could not control himself and threw papers to the judge, receiving a strict warning.

Meanwhile, the excitement in the cryptocurrency market went off. We observe a moderate correction, which may have a much longer and powerful impetus. The bearish BTC scenario will be implemented only after the breakthrough of the $10500 technical support level.

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