Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
As if it were a seesaw, Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. and major altcoins are down on June 17 despite showing signs of recovery yesterday. Fears and uncertainty about the crypto winter are still present in the market.
- BTC is down again and is heading towards USD $20,000.
- ETH continues on the same path and is approaching USD $1,000.
- Major altcoins are going down on June 17.
- Companies and crypto exchanges take a stand against the crypto winter.
Amid the rises and falls that are shaking the market, Bitcoin and the major cryptocurrencies are down again by midday on June 17, so there is still no sign of a possible recovery in the face of what many are calling the dreaded “crypto winter”.
Bitcoin approaches USD $20,000 this June 17
Comenzamos nuestro repaso por el mercado revisando la evolución de Bitcoin ( BTC ), the main currency currency is a medium of exchange that defines value. of the crypto market, which by noon on June 17 was trading at about USD $20.573 per unit, a figure that corresponds to a fall of 3.39% in the last 24 hours, so it returns to the downside after the slight increase it had recorded yesterday.
According to information published in our section CryptoMarkets DailyBitcoin y CoinMarketCap the price of Bitcoin has been going up and down throughout the day. The lowest point in its price took place just before 5:00pm (New York time) yesterday, after reaching a low near USD $20.265 per unit, and after some fluctuations it finally reached the aforementioned value.
As for the trading volume, in the last 24 hours we see that this fell by about 24% compared to yesterday, so that throughout the day have been traded about USD $29.032 million through the major exchanges, being Binance the platform a place to buy, sell and store cryptocurrency through which the largest flow of capital capital is most commonly defined as the large sum of money you would use to invest. moves at the time of editing.
Crypto market an area or arena, online or offline, in which commercial dealings are conducted. is also going down along with Bitcoin
As for the main exponents of the market, for this June 17 we see that closely follow the evolution of Bitcoin and at the time of publishing are down, with most of them capitalizing daily losses of between 3% and 6%.
Take for example the case of Ethereum a decentralized open-source blockchain with smart contracts functionality. (ETH), currency with the second highest market capitalization in the ecosystem, which is currently trading at around USD $1,077 per unit, losing 3.6% of its price in the last 24 hours and approaching the USD $1,000 barrier.
Coins from projects such as Cardano (ADA), Avalanche (AVAX), Polkadot (DOT) y Solana (SOL) are also down on June 17, losing between 2% and 4% compared to yesterday’s trading.
Pessimism and optimism in the market
While many agree in wishing for the so-called crypto winter to come to an end as soon as possible, perspectives on how long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. it might take remain divided.
The truth is that this situation is causing many exchanges and protocols in the sector to adjust measures to deal with falling prices. In this order of ideas we have Gemini, Crypto.com y Coinbase, which opted to lay off some of their workers to ensure the continuity of their operations.
- Gemini crypto exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. lays off 10% of its workers in response to crypto winter
- Coinbase is an American company that operates a cryptocurrency exchange platform. lays off 1,100 employees, 18% of its workforce
On the other side we have companies likeBinance y Ripple, whose CEOs assured that they were prepared for this type of bearish scenarios, so they took precautions and guarantee to continue their operations as normal, including the hiring process of new members for their respective teams.
- As Binance pushes ahead with expansion, BlockFi and Crypto.com opt to lay off workers
- Ripple is ready for the crypto winter and will continue to hire employees, Brad Garlinghouse says
The most important news of the day
Below, we share with readers some of the most read news in the last 24 hours:
- Three Arrows Capital considers selling assets and having another company bail them out
- Crypto lending platform Babel Finance suspends withdrawals due to “unusual liquidity how easily a cryptocurrency can be bought and sold without impacting the overall market price. pressures”
- Kiss rock band bassist Gene Simmons owns 14 cryptocurrencies and won’t sell them despite a downturn
- Panamanian President partially vetoes bill on cryptocurrencies
- Kazakhstan to allow crypto exchanges to have bank accounts
To buy cryptocurrencies through DiarioBitcoin
We understand that this is a complex and especially sensitive time in the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. market, but if you are one of the people who see opportunities with the current prices, we remind you that our section CryptoMarkets buttons are now available for you to buy your favorite digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies.
If you wish to purchase Bitcoin ( BTC ), prefer to buy Ethereum ( ETH ) or want to get someTether ( USDT ), all you have to do is access our website CryptoMarkets and click on the currency of interest. In addition to viewing its price, performance and other market data, you will also find a buy button that will take you to a exchange reputable in which to do business.
We recommend everyone to be very attentive as this possibility will be added soon for a greater number of digital currencies.
Analysis sponsored by EurocoinPay
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