Price analysis 6/17: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, AVAX By Cointelegraph

Price analysis 6/17: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, AVAX

Cryptocurrency Jun 17, 2022 04:20PM ET

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Price analysis 6/17: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, AVAX

The sharp fall in cryptocurrencies has pulled the total crypto market capitalization below $900 billion. According to CoinGoLive, 72 out of the top 100 tokens have declined in excess of 90% from their all-time highs. In comparison, the top-10 coins have outperformed during the fall, dropping an average of 79% from their all-time high.

Bitcoin (BTC) is down more than 70% from its all-time high but the bulls are struggling to arrest the decline. Jurrien Timmer, director of global macro of Fidelity, highlighted that Bitcoin could be “cheaper than it looks” considering the metric of price-to-network ratio, which is similar to the price-to-earnings ratio used in the equities market to value a stock.

Daily cryptocurrency market performance. Source: Coin360

BTC/USDT daily chart. Source: TradingView

ETH/USDT daily chart. Source: TradingView

BNB/USDT daily chart. Source: TradingView

ADA/USDT daily chart. Source: TradingView

XRP/USDT daily chart. Source: TradingView

SOL/USDT daily chart. Source: TradingView

DOGE/USDT daily chart. Source: TradingView

DOT/USDT daily chart. Source: TradingView

LEO/USD daily chart. Source: TradingView

AVAX/USDT daily chart. Source: TradingView

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US 30	34,065.2	-86.8	-0.25%
US 500	4,291.6	-13.6	-0.32%
Dow Jones	34,152.01	+239.57	+0.71%
S&P 500	4,305.20	+8.06	+0.19%
Nasdaq	13,102.55	-25.50	-0.19%
S&P 500 VIX	19.88	+0.19	+0.96%
Dollar Index	106.562	+0.174	+0.16%

Crude Oil WTI	86.11	-0.42	-0.49%
Brent Oil	91.72	-0.62	-0.67%
Natural Gas	9.389	+0.060	+0.64%
Gold	1,786.90	-2.80	-0.16%
Silver	19.930	-0.155	-0.77%
Copper	3.5890	-0.0355	-0.98%
US Soybeans	1,391.00	+10.00	+0.72%

SPDR S&P 500	429.70	+0.84	+0.20%
iShares Russell 2000	200.99	-0.08	-0.04%
Invesco QQQ Trust	332.28	-0.78	-0.23%
Direxion Daily Junior Gold Miners Bull 2X Shares	35.89	-0.19	-0.53%
iShares Silver	18.57	-0.11	-0.59%
ProShares Ultra VIX Short-Term Futures	8.98	+0.07	+0.79%
ProShares UltraPro QQQ	38.64	-0.25	-0.64%

Apple	173.03	-0.16	-0.09%
Alphabet A	121.70	-0.38	-0.31%
Tesla	919.69	-8.27	-0.89%
Amazon.com	144.78	+1.60	+1.12%
Netflix	245.69	-3.42	-1.37%
Meta Platforms	179.47	-1.42	-0.79%
Bank of America	36.64	+0.39	+1.08%

Price analysis 6/17: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, AVAX

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