[Market Commentary] Bitcoin drops below $30,000 as US housing prices remain high

We have developed an indicator. It can also be used for crypto assets! Please take a look.
MT5 Short-Term Trading Verification Indicator [Cost Analysis]
This indicator helps you trade while understanding spread levels. It can be used for (1) measuring price volatility against costs during day trading and scalping, and (2) selecting tradable assets. *MT5 only.

Crypto asset exchanges are US-basedFTXis recommended.
It is a trader-focused exchange with a wide range of third-party algorithmic bots available.

Written on Wednesday, June 23, 2021⇒ The shelf life of this article is until 13:00 on June 25.

■ The biggest concern in traditional financial markets is Western inflation and tapering.
■ The biggest concern in the crypto asset industry is mining regulations in China.

Western stock prices did not deteriorate. The Nasdaq-100 rose 0.79% from the previous day, Germany's DAX rose 0.21%, and the UK's FTSE 100 rose 0.39% from the previous day. US May home prices saw the largest year-over-year increase in more than 20 years, and the median price of existing homes sold in May surpassed $350,000 for the first time.

The yield on the US 10-year Treasury rose back from the previous day's dip to 1.46%. The euro/yen and the NZ dollar were relatively strong.

The cryptocurrency market has recovered from a sharp drop. Bitcoin dipped below $30,000 but has recovered to around $32,000. Some other cryptos have not recovered as well. Galaxy Digital's Novogratz commented that multiple clients have sold BTC. Market sentiment has further weakened, raising concerns about a shrinking number of participants.

※ This is a simplified version due to travel.

【Promising Stocks for Trading】
NY Crude
Ether
Soybeans
Platinum