Bloomberg’s senior commodity strategist Mike McGlone is tipping that the price of Bitcoin (BTC) will rebound in the second half (2H) of 2022.
Ethereum price analysis for July 7, 2022, comes on a slightly bullish note for the world’s 2nd biggest crypto as we can see that the prices have surged by almost 3% in the last 24 hours and Ether nears the $1200 price region. In the past few weeks, we have seen Ether reclaim the $1200 price region a number of times but it was unable to retain above this price action and it seems that a similar situation might be seen once again since buying pressure is not very high.
Elon Musk’s tunnel construction firm The Boring Company (TBC) has begun allowing customers to pay for rides on its Las Vegas transit system using Dogecoin.
The Bank of England says “extreme volatility” in the crypto market “underscores the need for enhanced regulatory and law enforcement frameworks.” The British central bank has warned that crypto prices could fall further.
South Korean crypto investment startup platform Uprise reportedly lost around 99% of its assets worth about $20 million when it got liquidated shorting the LUNA token.
Bank of America has revealed that the number of its customers who are active crypto users has declined more than 50% from its peak in November last year. In addition, the bank said its data “shows that outflows to crypto platforms have fallen sharply,” indicating that “consumers are pulling back on their net investment into crypto platforms.”
In early June BTC price was $31600 but its price started to decline up to mid june where it reached $20320.