Best Crypto to Buy Now June 14 – Notcoin, Uniswap, Toncoin

cryptonews.com:

As major cryptocurrencies consolidate close to recent lows, traders are assessing their options in the altcoin market for the best crypto to buy now.

Bitcoin (BTC) was last languishing near $67,000, just above its 50DMA and close to multi-week lows.

Ethereum (ETH) is just under $3,5000 and also probing its 50DMA, with a drop back to $3,000 possible. And Solana (SOL) is eyeing a drop back to $120 support from current levels just under $150.

Analysts have been citing elevated sell pressure from Bitcoin miners and longer-term holders as weighing on the market.

CryptoQuant founder Ki Young Ju noted that the Bitcoin mining network’s 18-month uptrend in the hash rate recently snapped.

This could be a sign of miner capitulation.

#Bitcoin hashrate's 18-month upward trend has broken, suggesting some miners are capitulating.

h/t @jjcmoreno pic.twitter.com/JOyIUpAIKj

— Ki Young Ju (@ki_young_ju) June 13, 2024

This has resulted in an uptick in miner pool transfers and a surge in OTC desk sales, CryptoQuant notes.

#Bitcoin miners are under pressure and they've begun selling.

Let's explore the recent uptick in mining pool transfers, the surge in OTC desk sales, and why even major publicly traded mining companies are reducing their holdings.