Bitcoin News Roundup for June 23, 2021
With BTC bouncing back to $34K and a look at why China's crypto crackdown is different this time, CoinDesk’s Markets Daily is back with the latest news roundup.
Selling options, be it put or call, is better suited for institutions with ample capital and a high-risk tolerance.
"The market looks to have digested most negative news during the recent sell-off from $41,000 to $29,000," one analyst said.
BTC is up 9% over the past 24 hours.
Customers of Johannesburg-based bank Absa received an error message when attempting to buy crypto on Binance.
The price on the $500 million bond has fallen by almost three points.
Preached as a way to support an underbanked population, bitcoin will increase fees and risks for Salvadorans.
"First Mover" dives into top crypto stories: bitcoin's outlook amid market swings, privacy coins and their role in cybercrime, and news regarding El Salvador's path to bitcoin adoption. Guests include vocal bitcoin critic Steve Hanke of the Cato Institute and Johns Hopkins University and Vik Sharma of Cake Wallet that facilitates the Monero privacy coin. Plus, Rarible's Alex Salnikov plans to build a community-owned NFT marketplace from its latest funding round.
Bitcoin seems to be finding support above the psychological $30K level, but will it hold? Cryptocurrencies across the board took a nosedive as China's central bank reminded banks they are not to facilitate crypto transactions. Meanwhile, some Chinese miners ordered to shut down are already preparing to set up shop elsewhere. Guests today include Mostafa Al-Mashita of Secure Digital Markets and Ben Gagnon of Bitfarms.