Bitcoin has successfully entered the key resistance area as yesterday's candle closed above $10,000. In the daily, we are looking at the nearest possible resistance around 10,500 and a possible bounce area around 9,900. With the recent price structure, moving averages are likely to trail (10 EMA and 50 MA respectively) and a break above 10,500 could push price to a full-on bullish scenario and retest higher key resistances. Otherwise, a break below 9,500 - 9,400 could invalidate the move.

Global market cap is at $284B, while BTC's market cap is at $186B.

Bitmain Debuts New T19 Bitcoin Miner After S17’s Troubled Launch
World-leading mining hardware producer Bitmain launched its new Antminer T19 Bitcoin Mining ASIC

Bitmain, the world-leading mining hardware producer, has launched its new Antminer T19 Bitcoin Mining application-specific integrated circuit (ASIC). The Antminer T19 features a SHA256 hash rate of 84 terahash/second with a 3% error margin, and a power efficiency of 37.5 joules/terahash with a 5% error margin. The new ASIC model will be sold starting today, with shipments starting anytime between June 21 and 30.  The launch of the T19 follows Bitmain's recently troubled launch of the Antminer S17+, which had many saying the product was defective.

Maerki Baumann Is the Latest Swiss Bank to Embrace Crypto
“This concerns investments in cryptocurrencies, as well as the technologies required to trade and store these instruments,” the bank says.

Maerki Baumann, an unlisted family-owned bank in Switzerland, announced its expansion of cryptocurrency services by introducing crypto custody and trading. In an announcement on May 29, the Zurich-based bank said the new crypto features is in line with the bank's crypto strategy which was initiated back in 2019. The initial launch of the new features will offer five major cryptocurrencies for trading: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), and Litecoin (LTC). ERC-20 tokens will also be offered according to the firm.

Miners Have Been Selling More Bitcoin Than They Generate, Recent Data Suggests
Last week, Bitcoin miners reportedly sold 11 per cent more coins than they generated over the same period

According to on-chain analysis portal ByteTree, bitcoin miners sold 11% more coins than they generated in the last week. According to the portal's metric that tracks bitcoin wallet addresses associated with miners, around 5,800 BTC was mined over the past seven days, with over 6,500 "first spend" transactions. "First spend" that is used in the calculation is the "first time that a Bitcoin leaves the wallet it was generated in."

This Daily Dose was brought to you by SCI News Channel.

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