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Bitcoin News Roundup for July 2, 2020
With traditional markets moving up and BTC sticking to its recent tight trading range, Markets Daily is back with another bitcoin news roundup.
Updated Dec 6, 2022, 6:28 p.m. Published Jul 2, 2020, 5:45 p.m.
With traditional markets moving up and BTC sticking to its recent tight trading range, Markets Daily is back with another bitcoin news roundup.
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This episode is sponsored by Bitstamp and Crypto.com.
Today's News:
Market Wrap: As Traditional Markets Rally, Bitcoin Gets Boring
Equities show strength as bitcoin stays rangebound above $9,000.
Why Bitcoin Bulls Are Betting on Explosive Growth in India
Demand for bitcoin is up in India, thanks in part to the economic crisis. But Indian tech startups are more focused on Ethereum.
Researchers Expose Flaw in Bitcoin Wallets That Could Be Exploited for Double-Spending
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Altcoins plunge as bitcoin's $85,000 test triggers $550 million in liquidations
Solana tumbled below $120 to its weakest price since April, while SUI, DOGE and ADA also fell sharply.
What to know:
- Bitcoin is teetering on the brink of falling below $85,000 level, accelerating declines in the crypto market.
- Altcoins such as SOL, Cardano, ADA, SUI and dogecoin led Thursday's drop.
- $550M in liquidations hit derivatives markets, but analysts said the pullback looks like orderly deleveraging rather than full-blown panic.
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