The total crypto market cap added $17 billion to its value for the last seven days and now stands at $1,687 billion.
The price of Bitcoin remained almost flat around the $36,000 level on Sunday, June 6, with no drastic changes in the trading direction.
On Monday, the BTC/USDT pair finally broke the mentioned technical formation and registered a 6.2 percent loss.
The selloff continued on Tuesday and the biggest cryptocurrency once again penetrated the sub-$32k support zone.
The sell orders were quickly absorbed and on Wednesday BTC skyrocketed by 12 percent, engulfing the last 4 candles on the daily chart.
The Ethereum Project token was still trading below the 21-period EMA on the daily chart on Sunday, June 6.
What is more, bears were using both the dynamic resistance in the form of the leading EMAs and the horizontals to establish sell walls.
The Tuesday session was no different and ETH dropped further to $2,300 during intraday.
The move did not last long and appeared to be just a fake breakout attempt.
The Friday session brought a second consecutive day in red for ETH and a new monthly low of $2,354.
The coin limited its losses to just 3.1 percent as it found solid support in the $145 zone, which was also the point of stability during the severe market crash in mid-May.
Literally one of the ten coins in the Top 100 list that managed to survive last week’s market correction, Amp was 38 percent up for the period.
We can clearly see from the chart that the Volume Profile’s Point of Control is also situated in that area, which means an increased trading activity once the price lands in the zone around it.
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