Daily Crypto Brief for Thursday, June 4, 2020.

This is your ITB Media Daily Crypto Brief for Thursday, June 4, 2020.

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In Mainstream Financial News.

Goldman Sachs unintentionally sparked a war with cryptocurrency evangelists. by CNBC - https://cnb.cx/2zWOh17

Goldman Sachs unintentionally sparked a war with cryptocurrency evangelists. "Cryptocurrencies including bitcoin are not an asset class" Goldman Sachs unintentionally sparked a war with cryptocurrency evangelists. by CNBC - https://cnb.cx/2zWOh17


Bloomberg Headline: Bitcoin ‘Bart Simpson’ Trading Pattern Returns With Volatility - https://bloom.bg/2zZY0Ux

It's a familiar occurrence for Bitcoin, one noticed by investors time and again during volatile trading stretches. ... Bitcoin rose as much as 1.3% Wednesday to trade around $9,544 as of 11:55 a.m. in New York. It's up more than 30% for the year.

The Asia Times Reports: Bloomberg: ‘Bitcoin could hit $28K in 2020’ - https://bit.ly/2XvZs9X

“So far this year, its increasing AUM has consumed about 25% of new Bitcoin-mined coins vs. less than 10% in 2019. Our graphic depicts the rapidly rising 30-day average of GBTC AUM near 340,000 in Bitcoin equivalents, about 2% of total supply. About two years ago, it accounted for 1%.”

Wall Street Journal Headline: Consensus Is, Not a Good Week for Bitcoin - https://on.wsj.com/36D1Rmd

O​v​er 8,000 crypto enthusiasts swarmed last week’s fourth annual Consensus blockchain conference, a Manhattan event that Thomas Lee, a managing partner at New York research firm Funstrat Global Advisors, had predicted would give bitcoin prices a boost. After all, he said, during prior Consensus events prices had rallied between 10% and 70%.

Forbes Headline: Bitcoin Prices Did Their Own Thing In May - https://bit.ly/3cv2Eao

The digital currency experienced some notable volatility early in the month, climbing nearly 15% from $8,767.67 on May 1st to its intra-month high of $10,062.72 on May 7th, CoinDesk data shows.

In Social Media headlines.

Altcoin Daily: BREAKING: Canada Just Passed A MAJOR Law For Bitcoin Holders! “Bitcoin Is Money.” [Crypto News] - https://bit.ly/3dJD6HG

The Moon: BREAKING NEWS!!!!! BITCOIN TO $28,000 BY THE END OF 2020, SAYS BLOOMBERG!!! - https://bit.ly/2MvA2TD

Data Dash: Bitcoin Dips Back Below $10,000. The "Bart Chart" Has Returned! - https://bit.ly/3dwfqXi

Crypto Zombie: BITCOIN REJECTED!!? WAIT!! NEW DOUBLE GOLDEN CROSS!!! SHOCKING MINER DATA!! - https://bit.ly/3gSDaao

In Crypto Publications headlines.

Cointelegraph reports: Podcaster Joe Rogan Uses Crypto-Powered Brave Browser. - https://bit.ly/3h2UcTg

Podcaster Joe Rogan has revealed that he uses the privacy focused Brave browser to avoid internet ads and Google tracking in the latest episode, which features American musician and comic Reggie Watts.

CoinDesk headline: Ethereum Has Become Bitcoin’s Top Off-Chain Destination. - https://bit.ly/3cwUNsI

Ethereum Has Become Bitcoin's Top Off-Chain Destination. The most popular way to use bitcoin off-chain is on Ethereum, recent data indicates. ... In fact, Ethereum projects including WBTC and imBTC hold 70% more bitcoins than Lightning or Liquid.

Cryptonews.com reports on its front page: Bitcoin and Altcoins Showing Positive Signs. - https://bit.ly/2U7vSWi

To sum up, bitcoin price is slowly recovering and trading above the USD 9,550 level. However, BTC must gain pace above the USD 9,800 and USD 9,850 levels to start a fresh uptrend towards USD 10,200 or even USD 10,400.


This has been your ITB Media Daily Crypto Brief for Thursday, June 4, 2020.

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