Cryptocurrencies like Bitcoin BTCUSD,
And ether ETHUSD,
It has exploded in popularity in recent years and is now traded by both private investors and large corporations like the Tesla TSLA.
And Citibank.
The market capitalization of all cryptos reached nearly $ 3 trillion between some of 2021 and companies like Robin Hood HOOD.
Coinbase COIN,
Crypto.com has used a large amount of crypto trading. Since then, the cryptocurrency winter has taken shape, with the global cryptocurrency market capitalization falling below $ 1 trillion in June 2022, according to CoinMarketCap.
As interest in cryptography continues to grow, of course, so does the interest in cryptography.
Here’s how the crypto price changed in June 2022.
Bitcoin
Bitcoin prices fell 34.76% during June, and cryptocurrencies continued to weaken in 2022.
“Bitcoin seems to have hit a low of about $ 18,000 so far, thanks to the recovery in the US stock market and lower US yields,” said Jeffrey Halley, an analyst at broker Oanda, on June 27. I told Barons. The outlook is that a rise of over $ 22,000 is possible and could grow to $ 24,000. “
“In the medium term, Bitcoin will remain in danger and only rises above $ 28,000 will be invalidated,” he continued.
See also: “Big Short” fame Michael Burry believes the market may be sold out “on the way”
According to one report, the recent fall in Bitcoin prices could force cryptocurrency miners to sell some of their digital assets to fund their mining operations.
MicroStrategy MSTR,
CEO and Bitcoin Bull Michael Sailor said in an interview on June 15 that the recent decline in Bitcoin prices is an “absolute” buying opportunity.
Bitcoin has fallen 41.6% in the last 12 months.
Ethereum
Ether prices fell 40.27% during June, and cryptocurrencies continued to decline in 2022.
Ethereum co-founder Vitalik Buterin said a major upgrade to Ethereum’s blockchain, “Merge,” will take place this year. Click here for more information on “Merge”.
See: California sends up to $ 1,050 “inflation relief” checks — here to qualify
Meta META,
According to Decrypt, Facebook has begun testing Ethereum and Polygon NFTs on the platform. Navdeep Singh of Meta Product Manager explained the details of the news in a tweet.
Ether has decreased by 49.73% in the last 12 months.
Other cryptocurrency news
Cryptocurrency lender Celsius planned to hold an Ask Me Anything session with CEO Alex Mashinsky in June, but the company suddenly canceled the event minutes before the event began. .. Celsius suspended account owner withdrawals, swaps, and transfers in June.
CoinFlex, a fellow cryptocurrency exchange, has said it has not yet lifted the freeze on withdrawals, despite “significant progress,” CEO Mark Lamb told MarketWatch.
Binance CEO Changpeng Zhao said at a meeting in June that the worst cryptocurrency crash was “probably over.”
FTX is reported to have signed an agreement to buy cryptocurrency lender BlockFi for $ 25 million. This is a discount of about 99% of BlockFi’s latest market capitalization.
reference: Sports Betting Stocks — How Companies Like DraftKings, Caesars, etc. Performed in June
Recent crypto market conditions have not only led to a dramatic drop in crypto prices, but also to imminent layoffs on crypto exchanges. Cryptographic Exchange Coinbase COIN,
BlockFi says it will fire 18% of its employees and Gemini will fire 10% of its employees.
One investor in meme crypto dogecoin DOGEUSD,
Together with Tesla and SpaceX, Elon Musk is suing for $ 258 billion. Investors have accused Mask and the company of organizing a “mouse lecture” to raise the price of cryptocurrencies.
“It’s not worth it at all,” the proceedings said. “It’s just a scam.”
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