Price analysis 6/23: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT By Cointelegraph

Kemal Pasha

1 year ago

The rush to apply for a spot (BTC) exchange-traded fund (ETF) rejuvenated the bulls, but this news is likely to boost the price only to a certain distance. As the price moves up, the risks of a crash increase if none of the ETF applications are approved. Trading firm QCP Capital, for example, is not convinced that a spot ETF will see the light of day in the near term.

Another point of view came from Gemini co-founder Cameron Winklevoss, who said on June 21 that the “floodgates” for accumulating Bitcoin are “closing fast.” Similarly, MicroStrategy executive chairman Michael Saylor said that the opportunity to “front-run institutional demand for Bitcoin” was ending.

Daily cryptocurrency market performance. Source: Coin360

BTC/USDT daily chart. Source: TradingView

ETH/USDT daily chart. Source: TradingView

BNB/USDT daily chart. Source: TradingView

XRP/USDT daily chart. Source: TradingView

ADA/USDT daily chart. Source: TradingView

DOGE/USDT daily chart. Source: TradingView

SOL/USDT daily chart. Source: TradingView

MATIC/USDT daily chart. Source: TradingView

LTC/USDT daily chart. Source: TradingView

DOT/USDT daily chart. Source: TradingView

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