RE: Market Snapshot - June 11th 2018
What a bearish weekend!
Markets have strongly corrected almost reaching previous lows. Global market cap went all the way below $300B again.
Bitcoin had a stronger price decrease during the day which let the price far below $7000. It did not reach support at $6500 and this morning is bouncing up on what could be a reversal. (4hr chart)
EOS Block Producers Candidates voting has started, at present time it has reached almost 2% and needs a 15% for the green light. Price reached support from previous low in mid May and now seems to be holding. The Mainnet launching may bring bullish forces in.
Finally Steem was not able to keep the $2 mark and is about to reach lows from mid April at $1.7. Volume has experienced a small increase on the last candles and RSI is on its low. Price may end up bouncing up in the following hours.