Issue link: https://maltatoday.uberflip.com/i/1470258
Name Current Change %Change Open High Low Prev. Value Close US MARKETS NASDAQ 13,037.49 -344.03 -2.57 13511.75 13533.78 13032.17 13381.52 EUROPEAN MARKETS FTSE 7,251.31 -246.87 -3.29 7498.18 7498.18 7243.44 7498.18 CAC 6,451.79 -328.88 -4.85 6496.25 6617.09 6433.51 6780.67 DAX 13,854.52 -776.84 -5.31 13989.41 14221.71 13826.70 14631.36 ASIAN MARKETS SGX Nifty 16,141.00 -109.00 -0.67 17052.50 17115.00 15500.50 17063.00 Nikkei 225 25,970.82 -478.79 -1.81 26281.35 26357.58 25775.64 26449.61 Straits Times 3,276.06 -116.94 -3.45 3351.24 3363.17 3248.93 3393.00 Hang Seng 22,901.56 -758.72 -3.21 23268.03 23376.37 22786.39 23660.28 Taiwan Weighted 17,594.55 -461.18 -2.55 17939.53 17939.53 17561.07 18055.73 KOSPI 2,648.80 -70.73 -2.60 2689.28 2694.55 2642.63 2719.53 SET Composite 1,662.72 -33.73 -1.99 1683.92 1690.50 1656.62 1696.45 Jakarta Composite 6,817.82 -102.24 -1.48 6912.48 6929.91 6758.86 6920.06 Shanghai Composite 3,429.96 -59.19 -1.70 3474.37 3486.98 3400.21 3489.15 9.6.2022 7 MARKETS International Markets Global Indices Trading Date: 8 June 2022 Bitcoin transaction fees at three-year lows, a signal of bear market? ALTHOUGH the cryp- tocurrency market has turned green overall to- day, some crypto experts are seeing signals that the current bearish trend may persist for some time, at least for the market's flag- ship digital asset – Bitcoin (BTC). Specifically, Bitcoin transaction fees are cur- rently at historically low levels, ranging at the same levels last witnessed in September 2018, "right before the Nov 2018 ca- pitulation," according to a tweet published on June 8 by the prominent crypto analyst Ali Martinez. Indeed, the chart he posted alongside supports the information from the tweet, in which Martinez also states that "transac- tion fees tend to rise in an uptrend/bull market," in- dicating that we could be in for more bearishness looking ahead. These developments are happening at the moment when Segregated Witness (SegWit) – a change in the transaction format, pay- ment batching, and Light- ning Network "are in full effect on the Bitcoin net- work." Negative sentiment but a sign of hope? At the same time, the relatively negative Bitcoin sentiment among holders has also been observed in a new Santiment chart shared by a Twitter cryp- to analytics profile cafe. springer on June 8. How- ever, the tweet also states that: "This can sometimes be a recipe for unexpected swings to the upside es- pecially with the current recipe of high leverage ratio + over average neg- ative funding rate." Bitcoin still dominates market capitalization Meanwhile, Finbold reported that Bitcoin's market capitalization dominance has neared a year-high of 47.52% on June 6, which is its high- est market share since July 2021. Notably, this is the opposite of Ethere- um (ETH), whose market cap reached a new low of 17.74%m the lowest since October 2021. Still, the price of Bitcoin is not experiencing any meaningful upward move- ments. As things stand, it is trading at $30,446.23, which is up 2.80% on the day, but a loss of 3.71% across the previous week, according to CoinMarket- Cap data. Its market cap is currently $581.96 billion.