Here’s why analysts say Bitcoin’s 14% drop on June 2 is actually healthy for the medium-term trendBTC $9596 (+0.8%) • ETH $241 (+1.7%) • XRP $0.20 (+0.3%)
On June 2, more than $220 million worth of long and short contracts were liquidated on BitMEX. Analysts say it could be a healthy pullback for the medium-term trend of Bitcoin. In a single day, the price of Bitcoin rose to as high as $10,440 and fell to $8,600 within several minutes. The rapid price drop led to mass liquidations of BTC futures contracts.
More news ⏬Comparing the top platforms to earn interest on Bitcoin, Ethereum and other cryptocurrencies
This guide takes a look at the best performing and reputed platforms to earn interest in Bitcoin holdings and other cryptocurrencies. Thanks to our premium sponsors⭐️ Phemex - Phemex is a Singapore-based and fastest cryptocurrency and derivatives exchange. It supports six trading pairs with up to x100 leverage. ⭐️ Bitamp - Bitamp is an open-source, client-side, free Bitcoin wallet that allows you to send and receive Bitcoin securely on the blockchain. ⭐️ Switchere- Switchere is a safe, licensed & non-custodial crypto exchange where you can sell & buy crypto with credit card instantly. ⭐️ Cred - Cred is a global financial services platform serving customers in 183 countries. ⭐️ OKCoin - OKCoin is one of the world’s first and largest regulated crypto exchanges, with millions of users in more than 100 countries around the world. Joe Rogan says he uses crypto-based Brave Browser on the JRE Podcast On the Joe Rogan Experience (JRE), Joe Rogan, arguably the world’s most popular podcast host, said he uses Brave Browser. Grayscale’s Ethereum Trust trades at a 725% premium, implying $230B ETH market cap It’s been a record past few months for Grayscale Investments — an industry fund manager best known for its two flagship funds: the Grayscale Bitcoin Trust (GBTC) and the Grayscale Ethereum Trust (ETHE). Bitcoin’s network health took a serious blow last week amidst hash rate free-fall Bitcoin’s network health has been caught within a steady decline ever since its mining rewards halving took place. Ethereum bulls at grave risk of being squeezed as long positions continue rocketing It has been a volatile week for Ethereum. Bitmain launches new Antminer T19, but is it better than the S17 debacle? Bitmain’s launched its new T19 mining rig yesterday, featuring improved software and efficiency. BitMEX CEO Arthur Hayes: The Bitcoin rally isn’t “real” until $15,000 breaks After holding under $10,000 for a week, Bitcoin saw an explosive breakout on June 1 that saw the asset reach a local high of $10,450 — the highest price since the February highs. Featured event
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