Coinfomania: Where blockchain and cryptos live.

Crypto Market Weekly Update July 1

For anyone that loves to buy lows, the current market prices at the start of the new week offer the opportunity to buy Bitcoin and most altcoins for more than 10% of their value at the start of the previous week.

Within the last 24-hours, the crypto market has lost $19 billion of its total value with analysts even calling for a heavy correction, given that the market has returned gains for several consecutive months.

Will that prediction come true? or will Bitcoin surprise all of us? The next few hours certainly will be crucial. Meanwhile, here’s what went down last week.

Which Big News Did You Miss?

 

Anthony Pomp Calls for $100,000 Bitcoin by the end of 2021

Given the market resurgence in 2019 and other factors, Anthony Pompliano laid out a bold prediction that Bitcoin is likely to worth $100,000 by 2021 end.

Read the full story here.

Many Americans Still Choose $1 Over 1BTC

Even with the recent Bitcoin performance, several no-coiner Americans still prefer a dollar bill to a Bitcoin, saying that Bitcoin is highly volatile 

Read the full story here.

LedgerX Lands CFTC Approval for Physical Bitcoin Futures

The U.S should welcome its first physically-delivered Bitcoin Futures product courtesy of LedgerX which landed the long-awaited regulatory approval last week.

Read the full story here

$1.2 Billion BNB Moved Within 1.1 Seconds for $0.015 Fee

The future is here! declared Changpeng Zhao as a large volume BNB transaction settled in less than 1.5 minutes and for a transaction fee less than 1 cent.

Read the full story here.

246,000 Users Lose Their Crypto as Bitsane Exchange Disappears

About 246,000 Bitsane users lost their funds, as Bitsane Exchange reportedly vanished without a trace. 

Read the full story here.

Top Five (5) Coins Overview

Biggest Market Gainers and Losers (Top 100)

Gainers

Losers

Big Losers

What to Expect This Week

At the start of this new week, leading cryptocurrency exchange, Binance has almost completed the token sale for its sixth Launchpad project, Elrond, which would now be the latest crypto to debut in the market. The token distribution would take place at the completion of the sale this week.

Also, although not happening this week, Intercontinental Exchange (ICE) backed startup, Bakkt is expected to test its first product later this month.

Happy trading/investing!

 

Affiliate:  Get a Ledger Nano X for $119 So That Hackers Won't Steal Your Crypto!

Follow us on Twitter, Facebook, and Telegram to receive timely updates. Subscribe to our weekly Newsletter.