Blockchain & Digital Currency News | June 24, 2018

Today is June 24, 2018

Below is my fresh collection of useful articles about cryptocurrencies from various sources

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Bitcoin & All Major Crypto Currencies Crash – Crypto Currency Daily Roundup June 22

Bitcoin, Ethereum, EOS, and XRP and other virtual currencies dropped on Friday after some disappointing news from Japan and India; Japan’s biggest cryptocurrency exchange bitFlyer is suspending new accounts registration; Indian banks are about to terminate the accounts of the crypto companies; The Netherlands’s Schiphol Airport has installed a cryptocurrency ATM; and more – here is what is happening in the cryptocurrency market on Friday. read more

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Bitcoin Prices Extend Losses, Hit New 2018 Low

Bitcoin declined further on Friday night, building upon its recent losses and establishing a fresh low for 2018.

The cryptocurrency dropped to $5,938.17, its lowest since November 2017, according to the CoinDesk Bitcoin Price Index (BPI). read more

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Bitcoin Is Still Prevailing Deep Within China

At a mechanical stop in the Qinghai Province city of Delingha, 2,700km west of Shanghai and about 3,000 meters above ocean level, the buzz of fans can only be from one building: a bitcoin mine.

The cooling fans that distend from the external divider are important to keep the firmly packed PCs from overheating, even in the cold atmosphere of remote Qinghai. These PCs are utilized to confirm and include exchanges in return for new bitcoin, a procedure known as Bitcoin mining. Offices that house these PCs are called mines. see the full article

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Analyst Predicts Bitcoin Price Rebound Above $10,000 by 2019

Todd Gordon, founder of TradingAnalysis.com predicted Bitcoin (BTC) to drop to $4,000 prior to a rebound above $10,000 by 2019 on CNBC’s Stock Draft June 22.

Gordon suggested that BTC will drop below $5,000, subsequently hitting $10,000 by the end of the year, citing significant market volatility to be the main reason. When asked to explain his estimates, Gordon cited a “beautiful uptrend,” and called the recent correction down from $19,000 “inconsequential” given the gains in BTC price since 2015. ... Continue reading

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you can always track cryptocurrencies at https://coincheckup.com/

or https://coinmarketcap.com/

Good Luck to all Crypto-Investors, May god bless you and keep your investments safe !!!