1. Market Buzz
The crypto market is red
The market is down 1.11 percent and cryptocurrency prices are currently in the red. According to data from CoinShares, outflows in cryptocurrency funds and investment products were seen for the second consecutive week. This was due to record outflows by ether as institutional investors took a step back. For the week ending June 11, total crypto outflows reached $21 million Bitcoin is however in the green at $39.991.13.
2. Big Story
Bitcoin will be worth $250,000 by the end of 2022, or even earlier in 2023 according to CAL 3 Chairman Tim Draper
CNBC reports that despite the volatility and turmoil in Bitcoin’s value, billionaire venture capitalist Tim Draper, a bitcoin investor, is confident about his prediction of bitcoin reaching $250,000 by 2022 or 2023. “I believe I’m going be right on that one. CNBC quoted Draper saying that he is going to either be right or wrong, but that he was certain that the trend is going in that direction. Coinbase reported that Draper made the bold prediction earlier in 2018 when bitcoin was trading at $8,000 per coin. The bitcoin investor believes the currency is going to be ‘much more in use by then’.
3. Crypto Tech
Everything You Need to Know About Cryptos
It can be overwhelming to understand the workings of digital currencies, given the amount of news coverage that surrounds them. We’ve created an easy-to-understand guide that explains the key terms used to describe cryptocurrencies. Here’s everything you need to know about cryptocurrency and their workings, from blockchains to crypto mining to peer-to-peer (P2P)
What’s new?
Meme Cryptocurrencies: From crypto-world’s hot favorites to miffed regulators
You must have been following the technology investment market to find the most popular cryptocurrency news and forums. They are raving about the meme coins that have become the subject of speculation. Tesla chief Elon Musk and SpaceX chief Elon have been the most vocal advocates for Dogecoin. So, we bring you a look at the many other meme currencies that have also appeared.