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Bitcoin price bounces to $33K but analysts say ‘it’s too early to call a bottom
Dip buyers stepped in as Bitcoin price fell to $29,000 but analysts caution that China’s crackdown on BTC mining and a lack of buy volume means the crypto market has not found a bottom yet. Cryptocurrency investors found little reprieve on June 22 as the price of Bitcoin (BTC) fell below $30,000 for the first time since January, sparking panic among less experienced market participants who have yet to experience a full market cycle.
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Brave takes aim at Google with privacy-protecting search engine beta
Brave hopes users will want to search the web without being tracked. Crypto-powered web browser Brave has branched out into the world of search with a new privacy-protecting beta search engine. The platform aims to take on the likes of Google, which harvests personal data and browsing habits while serving up targeted ads and tailored search results.
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The hedge fund that shorted GameStop closes as $1.13B GME stock offer completes
GameStop has completed a stock offer worth nearly $1.13 billion to fund growth, while a hedge fund that incurred losses from shorting GME is closing down. One of the hedge funds badly burned in the infamous GME social media-driven short squeeze is closing down, while GameStop itself has just completed its $1.13 billion equity offering.
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Dogecoin Plummets After NASCAR Crash But Crypto Investors are Holding On With Memes
A car emblazoned with the Dogecoin logo crashed in Saturday’s NASCAR Xfinity Series Race in Nashville. The value of the cryptocurrency dropped following the crash. Elon Musk, Tesla CEO, SpaceX boss and Dogecoin advocate, in a recent interview, while at a public signing mentioned, that this cryptocurrency may be the future.
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Billionaire Novogratz still backs Bitcoin over gold
Michael Novogratz, founder and chief executive officer of Galaxy Digital, told the Qatar Economic Forum he is still a buyer of bitcoin and prefers the digital currency to buying gold. Earlier on Tuesday, the chief executive officer of Binance Holdings said the cryptocurrency market is still “pretty healthy” despite a recent selloff.
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