Cryptocurrency news for today June 25 – BeInCrypto
Bitcoin clings to the technically significant resistance before expiration of futures
Per two of the year hackers stole more 200 million dollars from crypto exchanges
Experts see the potential for cryptocurrency development
International consortium news organizations, developing transparency standards.
Bitcoin clings to a key support, however, the expiration of futures and options can turn everything upside down already tomorrow. In the long term, cryptocurrency is doing well. Experts continue to view it as a hedge against inflation and believe that it will soon replace traditional assets. but users and companies working with crypto money shouldn’t relax as hackers and attackers come up with new and new ways of theft coins.
Bitcoin clings to a key moving average
On June 24, Bitcoin fell sharply, having formed on charts bearish engulfing candlestick pattern and losing almost all points scored with moment upward breakout on June 22. When this the cryptocurrency has tested a key 50-day moving average and is trading slightly below at the time of writing this MA. More details
“Investing in cryptocurrency will help hedge inflation,” – CTO of CEX.IO
Lower interest rate Central bank will immediately lead to a drop in the yield of deposits. In fact, Russians will be unprofitable to store money in banks, but keeping them at home “under the pillow” also makes no sense: high the pace inflation can devalue the Russian ruble Total per some months. Investing in cryptocurrencies can become an alternative tool. How close is this topic to Russians and are they ready Today residents of the Russian Federation to invest funds to bitcoin and others currency, BeInCrypto asked Dmitry Volkov, technical director of the CEX.IO crypto exchange. More details
How CME Futures Expiration Affects course bitcoin
CME Bitcoin futures expire this Friday, June 26th. Analysis of cryptocurrency dynamics on previous expiration dates indicates bearish bias, but the results do not look convincing enough to confidently predict a decline bitcoin rate in the days to come. CEO of investment company Pantera Capital, @Dan_Pantera, notes that open interest (total number existing contracts), which indicates a high exposure to bitcoin in conditions quantitative mitigation. More details
“Cryptocurrency will become an alternative to traditional assets“, – advisor Waves Exchange
Difficult economic situation in Of Russia forcing the government to take unpopular measures such as lowering the interest rate. Thus the management plans to stimulate business and the population to take out loans. But the flip side such solutions is an lower interest rates on deposits and outflow of depositors’ funds from banks. What assets will be Russians invest and is there a chance cryptocurrencies to become a “safe haven” in the post-pandemic period, BeInCrypto asked Ioann Voronin, Waves Exchange advisor and food consultant. More details
Eastern European hackers stole $ 200 million with cryptocurrency exchanges
A hacker group in Eastern Europe stole millions of dollars from cryptocurrency exchanges, according to a ClearSky report. Israeli cybersecurity company ClearSky found out that a group of hackers from Eastern Europe, dubbed “CryptoCore”, stole more than $ 200 million from cryptocurrencies exchanges by all the world. ClearSky Experts until it was not possible to determine exactly the origin of the gang, but its traces lead to Russia, Ukraine or Romania. More details
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