Bitcoin Dominance Index Fell Coinbasto 43.1%

Major cryptocurrency exchange Coinbase will transform the user experience on its platforms and will gradually halt the Coinbase Pro service.

Separately, the company launched its redesigned Wallet mobile application which makes it easier for users to access and navigate top decentralized apps (dapps) and also enables support for Solana.

The company said it wants to have all of its services under the same hat, which is why it will gradually stop allowing users to access the professional trading platform Coinbase Pro. Thus, customers will be able to stake, borrow, and use the dapp wallet and Coinbase Card from the main platform.

A week after major US crypto-lending platform Celsius was forced to freeze the withdrawal option of its users, European Central Bank President Christine Lagarde expressed her conviction that this part of the cryptocurrency market should be tightened.

Briefing before the European Parliament on Monday, June 20, Christine Lagarde expressed her thoughts not only on looming inflation in Europe and around the world, but also on the increased activities of crypto-asset acquisitions and lending. In Lagarde’s opinion, this trend requires additional regulatory efforts from the European Union (EU)

he tug of war in Bitcoin near the psychologically important $20K continues. After losing 4.7% to $19.9K on Wednesday, the first cryptocurrency returned to $20.4K on Thursday morning. Ethereum is down 1.2% to $1085 in 24 hours, with the top 10 altcoins trending from a 2% drop (Tron) to a 3% rise (Solana).

Total crypto market capitalisation, according to CoinMarketCap, was unchanged overnight, remaining at $900bn. Bitcoin’s dominance index fell 0.4 points to 43.1%.

By Thursday, the Cryptocurrency Fear and Greed Index stood at 11 points.

Ethereum price has been hovering around a significantly important resistance barrier. This key level prevented ETH from climbing higher in the recent rally. However, things might change soon for the smart contract token, which could result in a quick run-up.

Invest can expect Ethereum price to trigger a run-up to $1,543, the immediate resistance barrier if it can overcome the 8-day Exponential Moving Average (EMA). This level has been a hindrance for ETH since its recent breakdown on June 1. Any attempts after this development have failed to propel ETH price higher.