Cryptocurrency Breaking News on June 28
The new work week kicked off with Bitcoin’s growth. At the time of writing, the cryptocurrency was trading at $34,936. Over the weekend, the coin dropped to $32,000.
The Ethereum cryptocurrency also started the week with growth. At the moment of this writing, the coin was trading at $2,063.
Almost all cryptocurrencies from the Top 10 capitalization rating, except for the stablecoins Tether, USD Coin and Binance USD, showed positive dynamics during the day. But within a week, all the coins lost in value. Ethereum showed the best daily result (+ 4.57%). Polkadot lost in price more than others (-25.17%).
The best daily growth result among the top 100 most capitalized cryptocurrencies was recorded by Internet Computer (+ 49.62%), over the week – by Celo (+ 56.28%). The largest losses for the week were recorded at Kusama (-36.98%).
Breaking news over the weekend
– Due to the disconnection of Chinese miners from the Bitcoin network, a record drop in mining difficulty is expected in the next five days. This is indicated by signals from the cryptocurrency data aggregators.
As of this writing, the estimated drop in mining difficulty could be 22.93%. The correction is expected in 5 days.
– Ricardo Salinas Pliego, owner of Banco Azteca in Mexico, said Banco Azteca could become the country’s first lending institution to accept bitcoin.
– The spokesman for the US Federal Reserve, Eric Rosengren, believes that the stablecoin Tether threatens the stability of the financial system.
He drew attention to the growth of stablecoin capitalization, which makes the share of a financial instrument in the market and its influence increase. In his opinion, the authorities should pay more attention to the regulation of Tether and similar coins.