This week, some of the events in the world of cryptocurrencies gained greater prominence among users and enthusiasts of this market.
Check out the five most read news stories below. Crypto Times between the 19th and 24th of June:
5th place — Binance changes payment partner amid withdrawal issues
Over the past few days, the news from the previous week that the brokerage Binance will change your current payment partner on Brazil to offer a better solution for customers.
The move is made while the company conducts the process of acquiring the local brokerage Sim;paul, authorized by the central bank and by the Securities and Exchange Commission (CVM).
Binance will replace Capitual with a local payment provider. The announcement should happen soon.
Learn more details about Binance’s partner change.
4th place — Ethereum founder criticizes financial model used to predict bitcoin price
The co-founder of Ethereum (ETH)Vitalik Buterin, criticized overly simplified financial models for the cryptocurrency market on Tuesday (21), citing the “stock-to-flow” (S2F) model as a “harmful” example.
Buterin said on Twitter that the stock-to-flow model doesn’t look good at the moment, so he couldn’t help but criticize simplistic financial models.
Understand why the founder believes that “stock-to-flow” is harmful.
🏆3rd Place — Bitcoin: Technical Analysts Predict Bigger Drops for Cryptocurrency
O Bitcoin (BTC) and the market for crypto assets rehearsed a recovery in relation to the previous week. Bitcoin, for example, has accumulated a positive variation of approximately 21% since Saturday (18) — when it reached a low of $ 17,663.
However, the recovery can be what chart analysts call a “bull trap”, or bull trap — when an asset appreciates in a short time, but returns to retreat soon after.
Check out what analysts say about Bitcoin’s biggest drops.
🏆2nd place — Bitcoin: According to metrics, the time is right to buy
O Bitcoin has already come up against two great narratives that would justify its mass adoption and, consequently, its appreciation: currency of exchange and store of value. However, during this “bear market”, institutional investors seem to see cryptocurrency much more as a risk and technology asset – see the strong correlation with the Nasdaq.
Although cryptocurrency is hampered by high inflation in United Stateslike the vast majority of the “tech” sector, there are analysts who believe that the adoption of the reserve of value thesis by the market may be one of the factors causing a possible “bull run”.
See why metrics point to time to buy Bitcoin.
🏆1st place — Bitcoin: Cryptocurrencies melted on Saturday and rehearses recovery; understand what happened
On the 18th, the Bitcointhe world’s top cryptocurrency, has dropped below $20,000 to an 18-month low, extending its slump as investors show nervousness over the industry’s growing woes and a general pullback in riskier assets. continuing.
On that day, around 18:00 GMT, the Bitcoin dropped to around $17,749 while Ether traded around $897.
Despite the dramatic drop, bitcoin and ether gained some strength during the week and were trading at $21,120 and $1,190 respectively as of yesterday morning.
Learn more about what happened to cryptocurrencies.
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Source: Moneytimes
I am an author at Global happenings and I mostly cover automobile news. In my time working in the automotive industry, I have developed a keen interest in the latest developments and trends. My writing skills have also allowed me to share my knowledge with others through articles and blog posts.
