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Bitcoin News Roundup for June 4, 2020
Bloomberg thinks BTC could hit $20K. It's CoinDesk's Markets Daily Podcast.
Updated Sep 14, 2021, 8:48 a.m. Published Jun 4, 2020, 4:01 p.m.
Bloomberg thinks BTC could hit $20K. It's CoinDesk's Markets Daily Podcast.
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This episode is sponsored by Bitstamp and Ciphertrace
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Today's stories:
Bloomberg Analysts Predict $20K Bitcoin This Year
Bloomberg analysts are the latest to jump on the bandwagon of experts expecting bitcoin to revisit its record high in 2020.
Crypto-Friendly Arival Bank Is Launching Today for Those Willing to Disclose Their Bags
After two years of laying the groundwork, crypto-friendly Arival Bank is launching in beta Thursday. (Yes, even a bank can “launch in beta” these days.)
Argo's Mining Revenue Dips After Bitcoin's Halving
London-listed Argo reported a dip in May revenue, possibly as a result of the bitcoin halving event.
'Careless' Users Are Ruining Ethereum's Privacy: Paper
Ethereum is losing its privacy, warns a new paper, as “careless” users make linking their addresses to real-world identities easy.
For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
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These Three Metrics Show Bitcoin Found Strong Support Near $80,000
Onchain data shows multiple cost basis metrics confirm heavy demand and investor conviction around the $80,000 price level.
What to know:
- Bitcoin rebounded from the $80,000 region after a sharp correction from its October all time high, with price holding above the average entry levels of key metrics.
- The convergence of the True Market Mean, U.S. ETF cost basis, and the 2024 yearly cost basis around the low $80,000 range highlights this zone as a major area of structural support.
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