Cryptocurrency Market News: Ethereum dips below $230, XRP drops to $0.188

Here is what you need to know on Friday, June 19, 2020

BTC/USD has slipped below $9,300 today but recovered and it’s trading at $9,340. The weakness of the bulls is obvious and the daily downtrend is still in play.

ETH/USD is trading at $229 after another red day, losing the daily 26-EMA. There is not a lot of support for Ethereum on the way down to $220.

XRP/USD weakness continues as the digital asset crashed below $0.19 and it’s trading at $0.187. 

Not all coins suffered today, Compound (COMP), released for trading only two days ago is up 42% today and more than 200% in total. It is already ranked 24th by market capitalization. Following COMP, we have SNX with 24% gains and Aave with a 16% price surge in the last 24 hours.  

The biggest losers today were Seele-N with a 16% price drop and ABBC Coin, down 15%.

Chart of the day: COMP/USD 30-minutes



The global stock market continues underperforming even after the announced stimulus of the Federal Reserve. The correlation between the stock market and Bitcoin is still very present.

The Bank of Thailand continued with its plans to launch a project pilot. It finally launched a pilot test of its CBDC payment system with Siam Cement Group. It is confirmed to start in July 2020 and will test whether the payment system is more efficient and overall better than traditional payment methods.  

KuCoin is now supporting payments with RUB through a new partnership with PayMir. Russia has many crypto enthusiasts and the number continues to grow every day. 


Freewallet has recently partnered with Changelly to offer transactions that can be confirmed in under three minutes. According to the platform, users will benefit from lower costs with more anonymity. 

We’ve been working with Changelly for a long time. Our successful experience together and mutual trust have allowed us to integrate off-chain exchanges into Freewallet and thereby further advance in our goal of providing the best service possible to our over three million users.

said Solomon Brown, head of PR for Freewallet.

Quote of the day 

It’s gold for nerds.


Stephan Colbert


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

Cryptos enter buy zone

Bitcoin price has made a significant dip this week, dropping more than 11% and returning levels not trades since August 2021. Etheruem price hits new three-month lows, threatens a return to the $2,300 value area. XRP price looks determined to push lower to the $0.65 support zone before generating another bull run.

More Cryptocurrencies News

Loopring, NEAR and Harmony among the biggest losers as crypto bloodbath intensifies

Altcoins suffered double-digit losses in the recent crypto bloodbath. The recent spike in altcoin prices was followed by a correction for Loopring, Harmony and NEAR. The losses nursed by altcoins were accompanied by a wave of selling pressure across exchanges. 

More Cryptocurrencies News

Shiba Inu price set to crash by 70% as critical support weakens

Shiba Inu (SHIB) price continues to be controlled by bears after the dead-cat bounce in stock markets yesterday evening. With the Nasdaq closing sharply lower, giving up earlier gains, cryptocurrencies are being dragged into a selloff on its coattails, and bearish headwinds  persist. 

More Shiba Inu News Price Prediction: CRO ready to return to $0.25 Coin (CRO) is withstanding the current market headwind not that great. It has already lost over 50% of its value from the highs, and CRO could be set to lose another 30% as essential support is being breached.

More News

Bitcoin: BTC may capitulate to $30,000

Bitcoin price has dropped considerably over the last three weeks. The recent downswing has made things worse for BTC and hints that a steep correction could be on its way.

Read full analysis