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Bitcoin News Roundup for June 9, 2020
With the price of bitcoin again struggling to breach $10,000 and volatility falling to recent lows, CoinDesk's Markets Daily is back with another bitcoin news roundup.
Door Adam B. Levine
With the price of bitcoin again struggling to breach $10,000 and volatility falling to recent lows, CoinDesk's Markets Daily is back with another bitcoin news roundup.
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This episode is sponsored by Bitstamp and Ciphertrace
Today's stories:
Market Wrap: $10,000 Remains Bitcoin's Price to Beat
Store of value? Bitcoin has outperformed gold and trounced U.S. equities so far this year.
Pentagon War Game Envisioned a Generation-Z Rebellion Funded by Bitcoin
The war game was designed in 2018 to prepare troops for future conflicts fought on computers rather than on the battlefield.
Media Startup Civil Shuts Down, Team Absorbed Into Decentralized ID Efforts at ConsenSys
Blockchain media startup Civil is shutting down after three years, with its team pivoting to building decentralized identity tools at parent firm ConsenSys.
Crypto News Outlet BlockTV Shuts Down, Citing Impact of COVID-19
Cryptocurrency-focused media startup BlockTV has shut down operations due to the economic strains of the COVID-19 crisis, according to two former employees.
Winklevoss Twins to Help Adapt 'Bitcoin Billionaires' Book for Film
Cameron and Tyler Winklevoss will help produce a film based on the best-selling book that featured their entrance into the world of bitcoin.
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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XRP Faces Downside Risk as Social Sentiment Turns Wildly Negative
The turn in crowd mood comes after a two-month slide of roughly 31%, leaving the token vulnerable to further downside if risk appetite weakens across majors.
What to know:
- XRP's price approached the $2 mark as social sentiment around the token turned sharply negative, according to Santiment data.
- The token has experienced a 31% decline over two months, making it vulnerable to further losses if market risk appetite weakens.
- Santiment's sentiment model indicates XRP is in a 'fear zone,' where negative commentary significantly outweighs positive talk, potentially influencing market positioning.
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