[lwptoc]
Elon Musk lays out when Tesla will begin accepting Bitcoin payments
Tesla CEO Elon Musk says his electric-vehicle company will start accepting Bitcoin (BTC) payments once there’s confirmation that miners are utilizing clean energy, offering a glimmer of hope that the FUD surrounding digital assets could soon subside. However, Tesla’s embrace of Bitcoin-as-a-payment was short-lived after Musk flagged concerns over the cryptocurrency’s energy usage.
Bitcoin price moves toward $40K as on-chain and technical analysis favor bulls
Bitcoin price is still 38% away from its all-time high but a handful of technical indicators suggest bulls are gathering strength. Bitcoin’s (BTC) price saw a bullish turn of events on June 13 as the price broke out to $39,252 but many analysts are still on the fence when it comes to determining whether the digital asset is ready to continue its uptrend.
Solana (SOL) and Enzyme (MLN) rally while the wider market remains flat
A rapidly growing ecosystem and recent Coinbase listings helped SOL and MLN bounce back from recent lows while the wider market trades sideways. Two projects that have been more resilient than crypto majors and are down less than 20% from their highs established prior to the May 18 market sell-off are Solana (SOL) and Enzyme (MLN).
Ethereum’s $1.5B options expiry on June 25 will be a make-or-break moment
Bulls and bears are equally nervous about the possible outcome of the June 25 $1.5 billion Ethereum options expiry. On June 25, Ether (ETH) will face its largest options expiry in 2021 as $1.5 billion worth of open interest will be settled. This figure is 30% larger than March’s 26 expiries, which took place as Ether price plunged 17% in 5 days and bottomed near $1,550.
When this indicator lights up, LUNA, MATIC, and EGLD usually gain 10%
Compounding modest gains is a key strategy for successful crypto traders — LUNA doesn’t have to go to the moon to help profits rocket. Consistency is not generally a hallmark of crypto asset price movements. In a market characterized by volatility, outliers often become the norm — while even macro analysis of large-cap assets such as Bitcoin and Ether is often wide of the mark.