#cryptonnews for June 18, 2024💸
🚀 Main news:
1. Bitcoin falls to $64,000: The price of Bitcoin has dropped to a one-month low of $64K. Analysts predict a further drop to $62K due to increased volumes on exchanges and a general market correction.
2. Tether launches a new gold-backed stablecoin: Tether introduced a new synthetic dollar backed by gold. This is the first step towards creating a platform for tokenizing real assets.
3. Ethereum Strength: Despite the Bitcoin sell-off, Ethereum continues to hold at $3,500.
Analysts predict ETH to rise 50% against BTC this year.
🔍 Other important events:
- Delisting of USDT and five other stablecoins on Uphold: The Uphold platform has announced plans to delist USDT and five other stablecoins by July 1st in accordance with new rules.
- TON Blockchain soars to $610M: Telegram Blockchain (TON) reached a new record of $610 million in TVL.
- Record market capitalization of Bitcoin miners: Bitcoin miners listed on US exchanges reached a record market capitalization of $22.8 billion, according to a JPMo report
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