CNBC recently conducted a survey of a group of portfolio managers and stock strategists to understand the fintech community’s internal sentiment towards Bitcoin. Where many, agreed, Bitcoin will fall below US $ 30,000 this year. The survey was called: “Where will Bitcoin be by the end of the year?”Squawk Box reported:
“44% say Bitcoin will fall below $30,000 by the end of the year. Others are more optimistic.”
Of the remaining 56%, 25% predicted that the price would skyrocket and stabilize at $ 45,000. While the other 25% supported BTC to square at the$ 55,000 mark. A small minority of 6% said Bitcoin could return to $ 60,000, close to its all-time high of$ 65,000 since April 2021.
Although experts argue that the value of a cryptocurrency can only match its use case, Bitcoin has held firm as a true store of value against all odds and speculation. Given the difficult financial situation for panic sellers and the changing opinion about Bitcoin and cryptocurrencies, the adoption rate continues to experience a steady increase across the globe that caters to unique use cases.
Bitcoin’s recent$ 29,000 drop has recently shaken investor confidence. However, numerous experienced traders have pointed out the proximity of a bull run. Since Bitcoin rebounded to $32,000, traders expect BTC to return to its former glory.
Bitcoin.org blocks access to BTC software download in the UK
It is no longer possible to download Bitcoin Core software from Bitcoin.org if you visit the website with a UK Internet protocol (IP) address. A notice on the website reads: “This software is not currently available for download in the UK. And the download links won’t work if you’re located within the UK.”
In fact, attempting to continue downloading the Bitcoin (BTC) software from the site using a UK IP returns a “404 error”.
“The whitepaper is on the blockchain and can be retrieved through the software. I am not allowed to distribute the whitepaper in bitcoin.org or any other way. We have to comply with the law.”
The ruling is the latest salvo in Wright’s attack on people disputing his claim to be Bitcoin’s creator Satoshi Nakamoto. In January, Wright demanded that Bitcoin.org, Bitcoin.com and Bitcoincore.org they will remove copies of the Bitcoin whitepaper from their respective websites.
Strike to offer BTC trading “commission free”, criticizes Coinbase and Square
Payment platform Strike has announced that, starting today, it will allow US customers to buy and sell Bitcoin with barely any commissions.
In an announcement made July 1, Strike founder and CEO Jack Mallers criticized the large US cryptocurrency exchange Coinbase. And, he claimed that his platform will set out to be the ” cheapest and easiest place on the planet to acquire BTC.”
The move also puts Strike in direct competition with Jack Dorsey’s Square and PayPal, which began offering crypto assets within the platform to US customers in November 2020.
The announcement claimed that the firm has launched the ” Bitcoin Tab.” Which allows the ability to buy Bitcoin on Strike with “no fees outside the market margin”.
The Chicago-based payment firm stated that it would charge a maximum “execution cost” of around 0.3% for brokering BTC trades. And I would look to reduce it below 0.1% in the coming months as the volume grows.
Bitcoin price remains above US $ 33,000 and major altcoins go down this July 2
Bitcoin, is trading at about US $ 33,250 per unit, with a slight drop of 1% compared to the prices seen yesterday. This is what our internal crypto online tool points out.
While the market for major digital currencies is unpredictable, many analysts constantly present their estimates of how assets might evolve over the short, medium and long term. But in the midst of the evolution seen these last few weeks. Theses that propose a more pessimistic view on the price of Bitcoin for the coming weeks are gaining strength.
Meanwhile, the main altcoins are going down for this July 2, with some cases especially pronounced for the time of editing.
With dips ranging between 3% and 9% we have the cases of Ethereum (ETH), Binance Coin (BNB), Dogecoin (DOGE), XRP, Polkadot (DOT) Uniswap (UNI), Solana (SOL), Polygon (MATIC), Ethereum Classic (ETC), Internet Computer (ICP), and many others.