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Bitcoin price maintains lateral trend

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Bitcoin remains a bit static. We could be facing a possible bullish movement in the coming days. Meanwhile, the BTC price maintains a lateral trend.

Bitcoin remains at $ 9,700

The price of the main cryptocurrency in the market, Bitcoin, maintains a lateral trend around USD 9,700. This is how our Crypto Online CryptoTrend tool contemplates it.

Now, according to analyst Timothy Peterson, the price of Bitcoin can reach $ 75,000. And it is something that could happen in a matter of weeks.

By uploading a new BTC / USD pair price chart to Twitter, Timothy Peterson of Cane Island Alternative Advisors discovered a strange similarity to Bitcoin in 2013.

However, at the time of writing and according to our internal price indicators, the currency was quoted at USD 9,830. Having an increasing variation of 0.73% in the last 24 hours.

Tim Draper is giving away $ 1 million in Bitcoin

Billionaire and Bitcoin enthusiast Tim Draper is giving away a million dollars in Bitcoin to those attending the Los Angeles Blockchain Summit in October.

According to the Los Angeles Blockchain Summit, each attendee will receive $ 100 from Tim Draper’s venture capital firm, Draper Goren Holm. Draper is willing to give over $ 1 million in total. In an attempt to boost interest in cryptocurrencies.

The Blockchain Summit that Tim Draper supports so much will begin on October 6 and has received more than 1,000 entries so far. However, the organizers expect more than 20,000 attendees.

Mark Cuban questions Bitcoin utility

Billionaire investor Mark Cuban said Bitcoin could be a store of value. But he questioned how a BTC economy would work and the ability of the cryptocurrency to replace the current system.

Bitcoin’s future and its use cases are hotly debated, both outside of the cryptocurrency community and within. While most investors seem to agree that it is a store of value, others have argued that it should be digital cash.

CryptoTrend Updates

From CriptoTendencia we want to report that in the last hours, an exclusive section has been launched to the foreign exchange market (Forex). It’s called: CryptoTrend.forex.

From this new section you will be able to access a large amount of content related to the Forex market, among which are:

  • Complete information about the FX market.
  • Tips and advice to invest successfully in Forex.
  • Analysis on FX trends.
  • The best brokers to trade Forex
  • Expert opinions on FX.

In a few lines …

  • The Leicester Crown Court ordered the seizure of more than £ 1.8 million ($ 2.29 million) this June 8 from a UK individual who was running a multi-million dollar drug empire on Bitcoin from the attic of his home.
  • Max Keizer claimed that users of the popular stock and cryptocurrency trading app Robinhood had stolen Warren Buffett’s money by capitalizing on his recent losses in the airline industry. He also suggested that the profits made from Buffett’s inopportune sales of shares were being invested in Bitcoin.
  • According to a blog post published on June 6 by Coinbase software engineer Michael de Hoog, the exchange experienced a 5-fold spike in traffic for four minutes on June 1. More or less when Bitcoin’s price approached $ 10,000.

Technological data

The Virtual Digital Bootcamp District maintains its firm commitment to the Fintech sector and Blockchain technology. With the online version of the I Bootcamp Blockchain Fintech Accelerator, which was postponed in March and attracts blockchain and Fintech startups from 12 countries on June 12.



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