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Daily crypto news June 24 2021 Crypto market cap recovers $76B

 

Bitcoin(BTC) price recovered above $33,000, but it failed to climb above $35,000 against the US Dollar. BTC is retreating from the 100 hourly SMA and it could extend its losses. Bitcoin started a decent recovery and it climbed above the $34,000 level. The price is now facing hurdles near $34,000 and the 100 hourly simple moving average.

  • Cardano zooms ahead as Adax continues to grow

 

Cardano(ADA) is on an ambitious journey to make the crypto world work better for all. Adax, a premier decentralized exchange within the Cardano network, was created in the same spirit. We hope to make Cardano work for everyone and make a meaningful contribution to the prosperity of all within the Cardano ecosystem. 

  • DeFIRE to issue wrapped tokens for ADA (ADA20) and Ethereum (CNE)

 

DeFIRE, the first decentralized smart order router for Cardano, is pleased to reveal the beta release of its wrapped ADA (ADA20) functionality, which will wrap and make Cardano (ADA), available for use as an ERC-20 token on the Ethereum(ETH) network. 

  • Crypto market cap recovers $76B, altcoins rally after Bitcoin hits $34K

 

Bitcoin’s quick recovery to $34,800 ignited a rally in altcoins, boosting the total crypto market capitalization by $76 billion. Cryptocurrency traders received a reprieve from bearish market conditions on June 23 as Bitcoin’s (BTC) brief recovery to $34,880 triggered a rally in altcoins.

  • FTX becomes official crypto sponsor of MLB

 

Sam Bankman-Fried, founder and CEO of FTX and Alameda Research, announced the new partnership on Wednesday. Crypto derivatives exchange FTX Token(FTT)  has become an official sponsor of Major League Baseball, setting the stage for broader mainstream recognition of digital assets. v

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