The general sentiment of the cryptocurrency ecosystem is subdued on June 15 as most altcoins trade unchanged while Bitcoin (BTC) Cops look for a daily close over $ 41,000 as a sign that the market may shift in favor of the bulls.
Another gauge of investor sentiment, as highlighted by Rekt Capital, is the 200 exponential moving average (EMA), which Bitcoin tried to outperform on Tuesday but was firmly rejected.
The 200 EMA (black) is a long-term gauge of investor sentiment
– Rekt Capital (@rektcapital) June 15, 2021
Bitcoin’s rejection at the 200 EMA was followed by a quick sell-off to USD 39,500, showing that a possible downward move cannot be ruled out.
A few altcoins accumulate on positive news
While most of the altcoin market saw subdued price movement on June 15, Shiba Inu (SHIB) rebounded 33% after it was announced that trading the token would be supported on Coinbase Pro on June 17.
Incoming transfers for CHZ, KEEP & SHIB are now available in the regions where trade is supported. Traders cannot place orders and no orders are executed. Trading will begin on or after 9:00 a.m. PT on Thursday, June 17th if the liquidity conditions are met. https://t.co/r2L6N477Uj
– Coinbase Pro (@CoinbasePro) June 15, 2021
Following the announcement, Chiliz (CHZ) and KEEP also gained 18% and 10% respectively.
Icon (ICX) also received a boost after publication of a new Ethereum (ETH) Virtual machine (EVM) compatible blockchain called ICE. ICE is expected to become the application hub for the Icon project and to have its own native token.
VORTECS ™ data from Cointelegraph Markets Pro began to see a bullish outlook for ICX on June 13 ahead of the recent price hike.
The VORTECS ™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points such as market sentiment, trading volume, recent price movements and Twitter activity.
As can be seen in the graph above, the VORTECS ™ Score began to turn green on June 12th and finally hit a high of 75 on June 13th, 10 hours before the price rose 35% over the next two days.
Other notable altcoin accomplishments include a 22% jump from Amp (AMP) and a 20% gain for iExecRLC (RLC) and Ultra (UOS).
The total market cap of the cryptocurrency is now $ 1.685 trillion and the dominance of Bitcoin is 44.6%.
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