CDS Crypto News Crypto News Today – Understanding the Impact of 4 Crypto News Headlines on June 6
Crypto News

Crypto News Today – Understanding the Impact of 4 Crypto News Headlines on June 6

32
Crypto News Today - Understanding the Impact of 4 Crypto News Headlines on June 6

Crypto News Today – How to Stay Informed: 4 Crypto News Highlights from June 6

Crypto News Today – As we approached the end of the first week of June, the cryptocurrency sector was also very active. With the leading cryptocurrency topping $70,000 and Robinhood’s surprise acquisition, here’s everything that happened today.

Bitcoin Rises Above $70K Again

After its surge earlier this week, Bitcoin fluctuated about $71,000 over the mornings in Asia and Europe. For most of the morning in Europe, the price of Bitcoin fluctuated between $70,900 and $71,100, showing a 0.1% increase in value over the previous day. In other words, the CoinDesk 20 Index (CD20), which tracks the overall performance of the digital asset market, is currently up roughly 0.67%.

Robinhood to Buy Bitstamp for $200 Million

Robinhood has agreed to pay $200 million in cash for the cryptocurrency exchange Bitstamp. As one of the biggest cryptocurrency exchanges in Europe, Bitstamp was established in 2011 and would consequently help Robinhood’s goals for international growth.

The acquisition of Bitstamp is a major step in growing our crypto business. Through this strategic combination, we are better positioned to expand our footprint outside of the U.S. and welcome institutional customers to Robinhood.

Johann Kerbrat, general manager of Robinhood Crypto

VanEck Expects Ether Price to Hit $22K

VanEck established a target of $22,000 for ether, the Ethereum network’s native token, by 2030. The company, which is one of the potential suppliers of a spot Ethereum ETF in the United States, stated in recent research that Ethereum’s disruptive power, the cash flow it generates for token holders, and the expected approval of the ETFs are the reasons why ether will soar to that level. According to VanEck, the potential of Ethereum-based technology to provide cheaper costs, more efficiency, and more transparency is what’s fueling the rally.

Bitcoin Could See $150K If Trump Wins The Election

Bitcoin Could See $150K If Trump Wins The Election
Crypto News Today - Understanding the Impact of 4 Crypto News Headlines on June 6 1

According to Standard Chartered, the association between the price of Bitcoin and the likelihood that Donald Trump will win the U.S. presidential election in November is depicted in the above figure. Given that Biden vetoed Congress’ attempts to overturn SAB 121, Trump is thought to be the more bitcoin-friendly candidate. According to Standard Chartered’s head of crypto research, Geoff Kendrick, Bitcoin is expected to hit $100,000 before the election and $150,000 by year’s end if Trump wins.

Trending Posts

For more up-to-date crypto news, you can follow Crypto Data Space.

Crypto News Today - Understanding the Impact of 4 Crypto News Headlines on June 6
Written by
lectertodd

Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

Leave a comment

Leave a Reply

Related Articles

Crypto News- CertiK Researchers Involved in Kraken’s $3 Million Attack

CertiK researchers have been implicated in the $3 million bug attack against...

Breaking Crypto News – MicroStrategy’s Approach to Buying Bitcoin with a $800M Note Offering

Breaking Crypto News - MicroStrategy's Approach to Buying Bitcoin with a $800M...

Crypto News- Italy Plans Tighter Crypto Market Surveillance, Imposes Fines Up to 5 Million Euros

Italy is strengthening its oversight of risks associated with the cryptocurrency market.

Breaking Crypto News – Storm Partners Perspective: Exploring the Future of Crypto Investments with Bitcoin ETFs

Breaking Crypto News - Storm Partners Perspective: Exploring the Future of Crypto...