Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for June 26, 2019. The text below is an excerpt and does not contain the full analysis.

Welcome to Summer!! Watch out, it’s hot.

After the prolonged crypto winter that was 2018, this year has seen the crypto market as the best performing asset class of 2019 by far, and that was just spring.

Last nights gain of about 14% is a clear indication of the extreme heat and the change of season. Careful before rejoicing though. If we’ve learned anything from the movie Frozen, euphoria can be dangerous. Remember Olav’s solo song?

Though we haven’t seen any of the dramatic hazards that sometimes arise from…