Veröffentlicht: 08.06.2020

Crypto-Newsflash: Bitcoin consolidated, TRON reaches 3-month high

Bitcoin price current

At the time of writing, the market leader is quoted at USD 9707, which represents a daily gain of 0.03%. Bitcoin thus starts the new week with a clear sideways movement. A 24-hour volume of approximately 22 billion USD illustrates the wait-and-see attitude of investors.

Not enough power?

The magical USD 10000 mark is within sight of the bulls, but still the resistance at USD 9800 represents a stubborn barrier. The purchasing power of the investors is missing. Last week’s dump and the million-dollar liquidations of long positions are a deterrent to many investors. The high volatility is a big warning signal for risk-averse investors.

Consolidation phase

From a bullish perspective, there is also good news on Monday. The trend line at 9600 USD is showing itself as a stable support line. In addition, the traditional markets are getting a strong start to the new week. The Dow Jones Industrial opens with a daily gain of 1.35%, while the S&P 500 (+1.20%) and the Nikkei 225 (+1.37%) are delivering a rock-solid performance.

Bitcoin dominance at 64.8 %

The Altcoins are able to defend the market shares they gained at the beginning of the week. In the past week, coins such as Cardano and Hedge Trade shone with independent price outbreaks. Today the focus was mainly on TRON. In a video conference and an open letter, marketing strategist Justin Sun commented on the upcoming plans around TRON 4.0 and caused a big surprise.

TRON 4.0 comes earlier than expected

The long-awaited TRON 4.0 upgrade is scheduled for release on July 7th. Before that, Sun announced in a tweet which new features users can expect:

Open Letter on the Great Voyage: TRON 4.0

1. TRONZ Smart Contract Privacy Protocol

2. The New TPOS Dual-layer Consensus Mechanism

3. New TICP Cross-chain Protocol

4. Financial institution and enterprise blockchain solution AND other updates

TRON course in detail

In the run-up to the new “announcements”, the TRX price climbed to a 90-day high of USD 0.185. The coin currently ranks 16th in the crypto charts with a market cap of around USD 1.2 billion.

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