According to cryptocurrency analysts, Sei has fallen about 1% against bitcoin (SEI/BTC) since May 70. Judging by Van de Poppe's chart on the daily timeframe, Sei may find support at 00000006BTC (0.042).
At the time of writing, #Sei , which has a market value of about 1.6 billion yen, is trading at 00000000768BTC (0.543 yen).
Turning to #bitcoin , Van de Poppe says the flagship crypto asset is stuck in a range between 667,800 and around 73,800 historical highs. According to analysts, bitcoin is "poised to reach new all-time highs. ""
However, if bitcoin turned bearish, traders shared charts showing potential #TopCoinsJune2024 support areas such as BTC67,789, 6,60,748 and 5,56,000.
According to Van de Poppe, the bullish catalyst for bitcoin and other crypto assets will be the easing of monetary policy.
The European Central Bank decided to cut interest rates today.
It's the first central bank to do so, and I think it's only a matter of time before the Fed decides to do the same and start quantitative easing again.
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