News

July 2, 2020
Monthly Report on the Work of Catalyst Traders


In June, the cryptocurrency market saw a gradual decrease in the price of bitcoin. From the highest value of June 1—$10,380—the price dropped to $8,830 on June 27. The rate at the end of the month amounted to $9,140. Bitcoin exhausted the supply of demand from those who were buying Bitcoin, hoping for growth after halving—when the mining reward was cut in half. There were no other significant drivers that could make Bitcoin grow in June.

Ethereum had similar price dynamics in June, showing a maximum price of $253.80 at the beginning of the month. During the month, buyers have repeatedly tried to overcome a critical price point of $250, but sellers successfully repulsed the attacks, further pushing buyers away from their target. The minimum price in June was $216, while the closing price of the month is $225.60.

At the end of the month, the cryptocurrency market remains one of the most dynamic and attractive for investors. The good volatility inherent in the cryptocurrency market and a gradual decrease in prices allowed for not only long positions, but also short ones for making money on the market fall.

Read the detailed report below.