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Monday Market Report | June 19th - 25th, 2023

Jun 26, 2023
byNDAX Labs

📢 Weekly TL;DR

Every Monday, we cover the latest developments and trends in the dynamic and ever-evolving world of cryptocurrency. From price movements, industry news and our favorite resources, we strive to provide our readers with a comprehensive overview of the crypto landscape.

Happy Monday, NDAXers!

Let us not bury the lead here, shall we, dear prescient crypto asset investors?

  • Following BlackRock’s foray into the Bitcoin ETF scrum, several other very large institutions followed suit.
  • Consequently, w/ a price amplitude of 19%, Bitcoin closes the week up 14% week over week, leaving every American stock index (again, firmly) in the dust.

📈 Weekly Moves

Market Summary:

  • The global cryptocurrency market has reached a total market capitalization of CAD $1.54 Trillion.  
  • Bitcoin continues to lead the market with a dominance of 49.9%, followed by Ethereum at 19.2%.


  • Bitcoin is currently the top trading pair on NDAX, followed Ethereum, XRP, Litecoin, Cardano, Compound and Polygon.

  • Over the past 7 days, the value of Bitcoin (BTC) has increased by 14.04% and is currently being traded at $39,360. Ethereum (ETH) is up 8.53% during the same period and is now being traded at $2,444.

Market Trends:

  • According to a new study by leading on-chain analyst Glassnode, long-term Hodlers (bitcoin addresses with a history of not selling), are adding about +42K BTC to their stacks every month.

As of 06/26/2023 12:30 AM EST, values in CAD.

Keep an eye on the market here 👉 Cryptocurrency Prices

📰 Community News

In the cryptocurrency community, there's always something going on. Here are a few events and happenings that you might be interested in:

BTC Price Action

  • Bitcoin Hits One-Year High, Soars Past $31.3K CoinDesk
  • Bitcoin Breaks $30K Amid TradFi Push Into Crypto CoinDesk
  • The Week On-Chain (Bitcoin On-Chain Analytics) Glassnode Insights

Other News

  • Circle was SVB’s biggest client: report Blockworks
  • Jack Dorsey-backed Lightning Dev Kit releases simpler kit for running node The Block
  • First leveraged bitcoin futures ETF will launch Tuesday, Volatility Shares says The Block
  • Twitter hacker behind infamous 2020 breach sentenced to 5 years in prison Mashable
  • Google launches ‘Anti Money Laundering AI’ after successful HSBC trial - Cointelegraph
  • UK government moves forward on financial markets bill for potential regulation of crypto - Cointelegraph

For more new stories, visit our LinkedIn

📅 Upcoming Events

Mark your calendars!

  • June 30 – CME (Chicago Mercantile Exchange) Futures Expiry

📖 Educational Resources

Looking to learn more about cryptocurrency and blockchain? Here are a few resources that we recommend:

Preston interviews Joe Carlasare and American Hodl chat about the Binance & Coinbase battle against the SEC. - The Investors Podcast Network - Bitcoin Fundamentals w/ Preston Pysh - The SEC vs. Binance and Coinbase - Joe Carlasare & Hodl

The theme of the last few weeks has been the institutional return to crypto. NLW fills in the gaps and puts the move in context. – The Breakdown w/ NLW – The Institutions Come Roaring Back to Crypto

  • Trusts, ETFs, and Trojan Horses (A breakdown of BlackRock’s recent Bitcoin Trust Application) - Allan Farrington on Medium - Trust me, bro

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Disclaimer: This article is not intended to provide investment, legal, accounting, tax or any other advice and should not be relied on in that or any other regard. The information contained herein is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of cryptocurrencies or otherwise.