Digital Coin News

Bitcoin Closes June Below $20K, BlockFi Acquisition Rumors Spiral, MSTR Buys the Dip: This Week's Crypto Recap

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

The crypto winter deepens as Bitcoin's price closed its worst quarter in a decade, putting a monthly candle below $20K and currently struggling with that level.

Bitcoin Closes June Below $20K, BlockFi Acquisition Rumors Spiral, MSTR Buys the Dip: This Week’s Crypto Recap

It’s been another seven days of declines and choppy price action for the cryptocurrency market, which ended up losing around $50 billion of its total capitalization. Bitcoin closed its worst quarter in a decade, whereas altcoins bleed out. Let’s unpack. It’s also worth noting that this month’s candle close was important because it’s also the end of the quarter. As many expected, this propelled serious volatility and BTC’s price shot up towards $21K but failed to sustain and is once again found below the critical level of $20,000 – the previous all-time high from the bull cycle of 2017-2018. Ultimately, Bitcoin closed the quarter below $20K and charted its worst quarterly performance in a decade.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 568. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Dumps to 11-Day Low Beneath $20K as Global Markets Tumble (Market Watch)Following the bloodbath on Wall Street and the futures contracts in particular, BTC dropped to an 11-day low beneath $20K.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Bitcoin holds $20K as ECB warns inflation may never return to pre-COVID lowsInflation could be permanently higher, says the ECB as Bitcoin and BTC price action stay muted.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Market Watch: Bitcoin Ended the Horrible Q2 Below $20KBitcoin went on a rollercoaster in the past 24 hours, jumping to just under $21,000. However, it still finished Q2 well in the red.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Bitcoin Whales Filling Their Bags In Bullish Sign As BTC Balance On Exchanges Hits Critical LowWith Bitcoin’s price plunging below $20K, on-chain metrics depict an increased level of buying activity as investors perceive they are getting a bargain.
Source: CryptoPanicCom - 🏆 563. / 51 Read more »