  Everything you need to make sense of the crypto markets and beyond By the CoinDesk Markets Team Edited by Lawrence Lewitinn, Managing Editor, Global Capital Markets June 28, 2021 Sponsored by  (Price data as of June 28 @11:00 UTC) If you were forwarded this newsletter and would like to receive it, sign up here.
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Check out the CoinDesk TV show "First Mover," hosted by Christine Lee, Lawrence Lewitinn and Emily Parker at 9:00 a.m. U.S. Eastern time. Today the show will feature guests:
Biggest Movers These are the biggest movers in the CoinDesk 20 over the past 24 hours:
Gainers: Losers:
The CoinDesk 20 are 20 digital assets filtered from the larger universe of thousands of cryptocurrencies and constitute roughly 99% of the market by volume at eight of the largest and most trustworthy exchanges.
Market Moves by Sebastian Sinclair  Bitcoin Investors Sit on Sidelines ‘Licking Their Wounds’ Despite 15% Bounce on Weekend Bitcoin climbed more than 15% over the weekend as prices bounced from four-day lows after a sharp sell-off last week.
Prices Monday were slightly higher, with one bitcoin (BTC) fetching around $35,000 at press time, CoinDesk 20 data show. One expert said more is needed to continue driving gains in the current climate of fear, uncertainty, and doubt (FUD).
On Friday, the world’s first cryptocurrency fell more than 8% despite rallying 5% during the Asian trading session, bolstered by news of El Salvador’s confirmed date of its bitcoin law and a $30 bitcoin e-wallet airdrop.
“An unprecedented stream of FUD has resulted in bitcoin struggling to keep above water,” Jehan Chu, managing partner at Hong Kong-based crypto-investment firm Kenetic Capital told CoinDesk via Whatsapp on Monday.
Chu also said the short-term outlook remains “choppy and uncertain,” despite the recent bounce back above $34,000. “With retail investors on the sidelines licking their wounds, volumes will struggle until the next price catalyst.”  Bitcoin daily chart (Source: TradingView) Indeed, daily trading volume for bitcoin has remained low, particularly during the weekend. That’s been the trend for most of the month.
The absence of strong trading volumes points to a lack of institutional and retail interest, Chu said, citing undisclosed trading teams he has had conversations with.
Meanwhile, other notable cryptos are coasting in bitcoin’s slipstream, with ether (ETH) and internet computer both advancing over a 24-hour period.
In traditional markets, Asian equities were posting mainly green, with the exception of Japan’s Nikkei 225 Index Hong Kong’s Hang Seng Index and the Australian All Ordinaries Index, down by less than half a percent.
Read the original story here: Bitcoin Investors Sit on Sidelines ‘Licking Their Wounds’ Despite 15% Bounce on Weekend
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Technician's Take by Damanick Dantes, CMT Bitcoin Meets Resistance at $35K; Support at $30K Bitcoin (BTC) is trading lower after a brief 5% bounce on Sunday. The cryptocurrency stalled around $35,000 resistance and could find support around $30,000, which is the bottom of a month-long trading range.  Bitcoin four-hour chart shows short-term support and resistance levels with RSI (Source: TradingView)
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ICYMI In case you missed it, here are the most recent episodes of "First Mover" on CoinDesk TV:
El Salvador grabs the headlines again as details of its bitcoin currency rollout are announced, with an e-wallet airdrop included. Joining "First Mover" to discuss El Salvador, crypto markets, and other news are Francis Suarez, the mayor of Miami, Frances Coppola, author of "The Case for People's QE," and Gavin Michael, the CEO of Bakkt.
 EIP 1559: Ethereum's Fee Market Upgrade Explained CoinDesk Research's newest report dives into the economic impacts and investment implications of Ethereum Improvement Proposal (EIP) 1559. At its core, the code change is designed to make transaction fees on Ethereum less volatile and more predictable. At the same time, EIP 1559 also poses several risks to Ethereum including risks of miner capitulation or revolt, technological risk in the form of unexpected bugs, and risk of user disappointment. In this report, CoinDesk Research gives an overview of how EIP 1559 works and its intended impact for investors, miners and users.
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