CoinNess.com Market Surveillance June 25: BTC Price Trades Above The $11400 Level
As of 11:00 (UTC) on June 25, the global index of Bitcoin (BTC) price has been trading above the $11,400 level, marking $11,440.17. It has registered an increase of 5% in the past 24 hours.  
The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Strong Buy" with two indicators sending out a selling signal, two showing a neutral signal, and 14 indicating a buying signal.
The broad market is trading sideways, with 57 out of Top 100 cryptos by market cap rising.
The global market cap reads $337.85 billion, and the 24-hour trading volume is $68.59 billion.
Major Coins 
1. BTC quotes show 11,492.79 USDT on Binance, $11,480 on Bitfinex and $11,460.34 on Coinbase Pro; 
2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following:
CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following:
ETH marks $313.48 (+1.53%);
XRP marks $0.4702 (+1.26%);
BCH marks $477.11 (+0.74%);
LTC marks $135.56 (+0.05%); 
EOS marks $7.21 (+0.09%);
ETC marks $9.17 (-1.27%). 
 

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1. Data from Grayscale's recent performance placed it trading at $14.64 as of June 24. At these levels, investors are working with a Bitcoin price of $14,640. 
The premium, which amounts to around 30 percent, is not new but has increased significantly as Bitcoin cements its position in the latest three-month-long bull run. 
At one point, GBTC traded above $15 at a 40 percent premium, leading to suggestions that substantial upward market moves were still on the horizon. "Big money coming in!" one popular online trader summarized on June 24 linking to the data.                                                     
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2. JPMorgan Chase is to start trials of its "JPM Coin" cryptocurrency in conjunction with corporate clients.
According to a report from Bloomberg Japan on Tuesday, June 25, Umar Farooq, the investment bank's head of digital treasury services and blockchain, said that customers would trial the technology with the ultimate aim of speeding up transactions, such as payments between firms and bond transactions. The trials are being conducted on the assumption regulatory permission will ultimately be granted, according to Bloomberg.

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3. According to the official announcement, TRON Foundation will carry out the TRX repurchase plan in the secondary market. The period is one year, and it plans to repurchase no more than $20 million of TRX and continues to buy back the coins from the secondary market in batches. Positions held by TRON Foundation will be unlocked on January 1, 2020.

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1. As reported by CoinNess.com earlier, Ebang, the third largest mining equipment producer, lets its Hong Kong listing application lapse for a second time. The mining giant considers looking to launch the IPO in the US, which means that three mining equipment producers (Bitmain, Canaan, and Ebang) attempted to be listed in Hong Kong plan the application of IPO in the US.

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2. The number of approved cryptocurrency exchanges has been growing in the Philippines. In addition to 11 operators registered by the central bank, the Bangko Sentral ng Pilipinas, there are 37 other crypto exchange operators licensed by the government-owned Cagayan Economic Zone Authority.                                                              
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Question: 

What Is RSI (Relative Strength Index)?

Answer:
The relative strength index (RSI) is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a reading from 0 to 100. The indicator was originally developed by J. Welles Wilder Jr. and introduced in his seminal 1978 book, New Concepts in Technical Trading Systems.
Traditional interpretation and usage of the RSI are that values of 70 or above indicate that a security is becoming overbought or overvalued and may be primed for a trend reversal or corrective pullback in price. An RSI reading of 30 or below indicates an oversold or undervalued condition.