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Cryptocurrency news for today June 27

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June 27th Cryptocurrency News Round-Up- Bitcoin Falls Below $2,500

Cryptocurrency news for today June 27

Cryptocurrency news for today June 27
CONTENT

  • Some altcoins are preparing for a bullish breakout

  • Bank deposits will give way to digital currencies

  • Bitcoin may rise in the long term

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Cryptocurrency news for today June 27

Bitcoin volatility came to naught, not even expiring options helped. However, while the main cryptocurrency is bored in the range, some altcoins, according to technical analysts, are gearing up for a major bullish breakout. Analysts advise not to get hung up on short-term dynamics and give forecasts for the long term, where Bitcoin invariably wins. Moreover, some experts believe that cryptocurrencies will eventually replace bank deposits..

Bitcoin’s weekly volatility hits annual low

However, due to the imminent completion of the term of circulation of futures contracts, the volatility of the bitcoin cryptocurrency may increase again. The weekly volatility of Bitcoin, the largest cryptocurrency by market capitalization, has reached its annual low. This is the conclusion reached by the analytical agency Arcane Research, based on price indicators since the beginning of the year. Last weekend, according to Arcane Research, weekly bitcoin volatility hit an annual low after a spike in late May. More details

Like the DeFi BubbleDecentralized finance (DeFi) is financial services built on blockchain technology that offer users access to an open, efficient, and … More

Cryptocurrency news for today June 27

The topic of decentralized finance, known as DeFi, has been making headlines in industry news in recent weeks. As of June 26, DeFi apps had $ 1.65 billion tokens, according to DeFiPulse. Back on June 15, this figure was $ 1 billion. Thus, the gain over this 11-day period was 65%. More details

Altcoins EOS and ICON Ready for Upward Breakout

On May 14, EOS hit a low of 25,930 Satoshi, forming a hammer on the candlestick charts. After a two-week rise, quotes resumed their decline. June 26 token As the use of cryptocurrencies grows, new types of tokens appear. They can represent value or something intangible like voices. Two … More formed another hammer around 25,000 satoshi, this time with a bullish close. As a result, a double bottom appeared on the charts, which is considered a bullish reversal pattern, combined with bullish divergence signals from the daily RSI. More details

“Cryptocurrency deposits will replace bank deposits” – CEO of StomGain

After the decline in annual rates on bank deposits, which is expected in the near future, deposits in the bank can no longer be considered an effective investment instrument. They can be replaced by cryptocurrency deposits. This is the opinion of Alex Altgauzen, CEO of the StomGain cryptocurrency exchange. BeInCrypto asked him how the crypto market will develop after the decrease in bank rates. More details

What will happen to cryptocurrency in 2020 and 2021 – analysts’ forecasts

Choosing a cryptocurrency to invest in is not easy. There are a large number of coins on the market, the supporters of which in every way agitate potential investors to choose a specific digital asset. There are often gimmicks and promises of fabulous wealth that rarely relate to the real possibilities of cryptocurrency. Most of the opinions about the movement of coin rates on the network are presented by unknown traders and members of the crypto community. There is no reason to trust their forecasts. To solve the problem, the editorial staff of BeInCrypto collected the opinions of professionals on the prospects for investing in cryptocurrencies in 2020 and 2021. More details

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Cryptocurrency news for today June 27

All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..

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