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Market Analysis Report (04 Jun 2019)

Today’s top headlines in the crypto roundup: CME bitcoin time to comes open interest hits an all-time high, Justin Sun pays $4.5 million to dine with Warren Buffett and Microsoft Check in unveil’s a formal verification tool for Ethereum’s solidity.

Bitcoin led a market wide sell-off after dropping from $8,488 to $8,073 where it for a few moments held for 20 minutes before suffering another sharp drop to $7,780. The bitcoin price has found abide at this level for now and at the time of writing, bitcoin (BTC) and ether (ETH) are trading at $7,861 (-7.12%) and $244.44 (-6.51%).

The majority of the top 20 cryptoassets by bulk are down between -5% and -10%. The exceptions are Bitcoin SV (BSV), Binance Coin (BNB) and Cosmos (ATOM) which are respectively up 5.54%, 0.67% and 0.32% in the late 24 hours. The MVIS CryptoCompare Digital Assets 10 Index, it is currently tracking at 3,847.42 (-6.68%).

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