🗞 Daily Crypto News, June, 17th 💰

Stocks Rally on Possible Stimulus but Bitcoin Is Flat at $9.5K;
Chainlink, MakerDAO Honored as World Economic Forum ‘Tech Pioneers’;
Six Crypto Heavyweights Join ETH 2.0 Staking Trial;
Number of Bitcoin Whales Rises, but Their Wealth 'Declines'
Bull Market, here you are again... What is next: Rationality or Assets' Bubble?;
🗞 Daily Crypto Calendar, June, 17th 💰

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Stocks Rally on Possible Stimulus but Bitcoin Is Flat at $9.5

Stocks are up on fresh government stimulus expectations but when it comes to bitcoin, things are uncertainty in the near term.

Bitcoin (BTC) was trading around $9,500 as of 20:00 UTC (4 p.m. ET), gaining less than a percent over the previous 24 hours.

At 00:00 UTC on Tuesday (8:00 p.m. Monday ET), bitcoin was changing hands around $9,414 on spot exchanges such as Coinbase. It then climbed 2% to as high as $9,591 before sell volumes pushed bitcoin back down. The price is now above the 50-day moving averages but below the 10-day moving average. For technicians, this signals prices are expected to move sideways for a bit.

In Asia, the Nikkei 225 index of publicly traded companies in Japan ended trading up 4.8%, buoyant on stocks in the industrial and transportation sectors. In Europe, the FTSE 100 index closed in the green 2.9% as stocks in the travel sector surged.

A dip in bitcoin spot volumes

🗞 Chainlink, MakerDAO Honored as World Economic Forum ‘Tech Pioneers’

The World Economic Forum (WEF) has recognized six blockchain firms on its list of 100 ‘early to growth-stage’ companies as Technology Pioneers for 2020.

According to the WEF’s website, the blockchain and crypto startups recognized for pioneering new technologies and innovations in 2020 are Lightning Labs, Chainlink, MakerDAO, Bitcoin analytics firms Elliptic, Latin America-based cryptocurrency startup Ripio, and Veridium Labs.

They’re among 100 companies from around the world chosen for their contributions to bleeding edge technology, from “artificial intelligence to diagnose cancers and quantum computing systems, to carbon capture and removing technologies, cell-grown meat production and use of microbiome to track goods”.

🗞 Six Crypto Heavyweights Join ETH 2.0 Staking Trial

Six high-profile crypto firms will participate in an ETH 2.0 staking pilot project using the ConsenSys Codefi platform.

On June 17, ConsenSys tweeted that cryptocurrency exchanges Binance and Crypto.com, digital asset custody providers Trustology, Matrixport, and Huobi Wallet, and investment firm DARMA Capital would receive early access to an ETH 2.0 staking pilot thorough its decentralized finance Codefi platform.

Increasing excitement for ETH 2.0

The move comes amid increasing excitement for the long-awaited ETH 2.0, which will integrate a Proof-of-Stake (PoS) consensus mechanism into Ethereum (ETH).

The rollout will see a network of validators receive fees in exchange for securing the Ethereum network. Validators are required to lock up a minimum of 32 Ether.

🗞Number of Bitcoin Whales Rises, but Their Wealth 'Declines'

The firm did not specify how this wealth has deacreased exactly, promising to share more numbers "soon."

"The bitcoin whale population keeps growing," writes the Glassnode team. This population of traders holding BTC 1,000 (around USD 9.53 million) or more has seen a "near-consistent" growth since January this year, and this despite market volatility in the first part of 2020 - which peaked during the March crash, known as Black Thursday.

There are currently 1,882 entities that hold at least BTC 1,000, says the firm.

🗞 Bull Market, here you are again... What is next: Rationality or Assets' Bubble?

Bull Market, here you are again....

I will take you through all the latest financial news and there are a lot today which influenced Cryptocurrencies Market !

Investor's Schizophrenia?

78% Of Investing Professionals believe stocks are overvalued but they flood back in the market anyway !

This is quite worrying as when you run after the market moves you usually get both moves in the wrong direction.

Market and Cryptocurrencies ARE correlated. Period.

As I wrote in an article a few days back COVID19 is back ! And it will crash both Cryptocurrencies & Stock Market 😭 ; I was expecting the increasing number of daily COVID19 cases to crash the market.

Well, it happened on Monday morning BUT I forgot that the FED could print even more money to buy Corporate Debt and I definitely did not anticipate neither Trump's new infrastructure plan, the very good Retail Sales and the positive drug study results.

Full Article HERE