Price Analysis 6/12: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, ADA, XTZ

[SRShanuka2020]

Price Analysis 6/12: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, ADA, XTZ

The S&P 500 plunged 5.89% on June 11, its fourth-worst fall this year. This brought back memories of the sharp sell-off seen in March when investors dumped most asset classes as the coronavirus pandemic took hold.

Although gold managed to close in the green on June 11, Bitcoin (BTC) plunged 6.16%. This suggests that investors sought the safety of gold over BTC, the top-ranked cryptocurrency on CoinMarketCap.

The Organization for Economic Co-operation and Development said in a report that governments should prepare for a possible second wave of coronavirus cases. The OECD heavily emphasized the continuance of ultra-accommodative monetary policies and higher public debt until inflation and economic activity picks up and unemployment levels fall.

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[CharlieKyle]

Though gold closed in the green on June 11, Bitcoin (BTC) is down 6.16%. This shows that investors seek the safety of gold more than BTC, the top-ranked cryptocurrency on CoinMarketCap.

[JacobMichael]

The sharp decline of XRP was captured at the support line of the symmetrical triangle on June 10 to June 12, which has started to turn up again, which is a positive sign as it shows that the bulls are in charge. defend this support zone positively. Now they will try to push the price back to the downtrend line of the triangle.

[krypto4uvak]

Such a drop in the price of Bitcoin does not mean anything at all. Bitcoin will rise in price even more, that's for sure. So don't worry.