#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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TOP 3 notable altcoins this weekend
The cryptocurrency market has just gone through a week full of fluctuations, with a series of coins witnessing impressive bullish trends, while many others plummeted sharply. Prominent among them is Maple Finance (SYRUP), as this coin has set a new historical peak, quickly drawing attention from the investor community. In this context, Bitcoin Magazine has selected and analyzed three potential altcoins that investors should particularly follow over the weekend, as all three are sending positive signals for a new growth cycle.
Maple Finance (SYRUP)
SYRUP has just set a new historical peak at $0.55 this week, before making a slight adjustment to the $0.49 area. This price level now serves as an important resistance threshold – if successfully conquered, it could become a solid springboard to strengthen the bullish trend that is forming. As long as SYRUP holds above the $0.49 area, this altcoin will maintain its recovery momentum and continue to draw attention from investors.
However, if the market shifts to a bearish state and profit-taking pressure increases, SYRUP may retreat to the support level of $0.43. Breaking this level would be an important warning signal, weakening the bullish trend and potentially disrupting the recovery process.
Bitcoin Cash (BCH)
Currently fluctuating around the $490 mark, Bitcoin Cash (BCH) has recorded an impressive increase of 15.6% over the past week, mainly due to the strong recovery of Bitcoin. This bullish trend has brought BCH close to the important resistance level of $500 – a milestone that draws attention from investors.
However, in the event that market sentiment worsens and profit-taking pressure increases, BCH may fail in its attempt to break through $501. At that point, the price is likely to reverse and drop back to the support zone of $446 – a move that could invalidate the current bullish trend and signal a short-term correction.
Joe Coin (JOE)
JOE is becoming the center of attention in the market as it records an impressive increase of up to 97% this week, currently trading around the level of $0.055. Notably, this altcoin is striving to defend the important support area at $0.050 – a strategic price point to maintain the current bullish momentum.
However, the negative scenario still needs to be taken into account. If profit-taking pressure increases at the end of the week, JOE could lose the key support level and slide to lower price areas such as $0.039 or even $0.033. In this case, the current bullish trend will be broken, opening up the risk of a deeper correction in the market.
Conclusion
Although the market is still volatile, three altcoins including SYRUP, BCH, and JOE are sending out positive signals. However, investors need to closely follow important support-resistance levels and market sentiment fluctuations to make reasonable decisions during this sensitive period.
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