Bitcoin update price BTC and crypto drops again due to

Bitcoin lunch: price BTC and crypto recovers: results, outlook + Binance

Meanwhile, it’s time again for our Bitcoin lunch. We look at the live Bitcoin price and the prices of the top 25 crypto. Then we look at the results of the past week and analyze the fuss around Binance. Finally, we look ahead to the week ahead.

We start of course with the live Bitcoin price and the prices of the top 25 crypto.

Live Bitcoin price and prices top 25 crypto recovering

At the time of writing, the live Bitcoin price is quoting EUR 19,605.20 ($20,586.90). This is 4.17% higher than yesterday around the same time, but lower than during our Bitcoin lunch last Friday.

The prices of the top 25 crypto are also recovering. We see apart from the stable coins only a loss for Tron (TRX), which is 2.65%. The biggest gain of the moment is with + 13.99% for Avalanche (AVAX).

Recovery is too little o dramatic Bitcoin result to avoid

Today’s recovery naturally affects the week’s results. Unfortunately, it is not enough to undo a dramatic week for crypto, including historic BTC crash.

Thus, Bitcoin loses 22.71% in 1 week. However, the biggest loss was for Lido Staked Ether (STETH) with -24.14%. Still, there are coins that are posting positive weekly results thanks in part to today’s rally. The best return is currently for Solana (SOL) with +12.15%.

Over the past 30 days, the results are also negative. Leo Token (LEO) is the exception here with +8.24% confirming the rule. However, the bad result was again for Lido Staked Ether (STETH), which lost 45.37%. Bitcoin (BTC) had to take a loss of 289.28%.

On the website you can analyze all results and all live crypto prices 24 hours a day.

Uproar over Binance: CZ responds and shares BTC forecast

When Bitcoin dipped below $20,000 this weekend, an outcry arose over Binance. Blockchain spotters saw that the crypto exchange transferred 101,266 BTC to a cold wallet. This was grist to the mill of critics. They claimed that Binance had bought cheaply. This claim is sensitive since the largest exchange is being investigated by the SEC precisely because of these kinds of accusations.

Binance CEO CZ was quick to deny the claim.

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Another wrong article. When #Binance cold wallet increases, it means more users deposited to #Binance. This journalist doesn’t seem to under the concept of cold wallets for exchanges. 😂

” Breaking: Binance Buys The Dip, Adds 101,266 Bitcoin

– CZ 🔶 Binance (@cz_binance) June 19, 2022

Additionally, Binance shared an update this morning about planned maintenance. This is going to take place on June 22. During the time of the maintenance (starting at 7 am UTC, 9 am Dutch time) no withdrawals and deposits will be possible, however trading will remain possible. In this blog you can read all the details.

By the way, many media outlets are shouting that BTC would be “dead” after the historic crash. This inspired CZ to create a chart, which plots the Bitcoin price against the media reports.

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Historically speaking, if you bought #bitcoin every time there is a “bitcoin is dead” headlines, you would have done well.

Logic: when they lose hope, that’s when the bottom is in.

NFA. NOT recommending this or any strategy for the future.

– CZ 🔶 Binance (@cz_binance) June 19, 2022

The question, of course, is whether the bottom of the Bitcoin price is in sight as the markets recover.

Here’s what experts expect from the Bitcoin price in the coming week

We already saw last week that the BTC expectation is bearish. This does not seem to have changed with the crash and subsequent recovery. Nobel Prize winning economist Paul Krugman explained that as far as he is concerned the recovery rally is a “dead cat bounce” and thus more price declines are on the way.

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As of this morning BTC is experiencing a modest rally. Probably just a dead crypto bounce. But anyway I thought some history might be relevant 1/

– Paul Krugman (@paulkrugman) June 19, 2022

Analyst Tom DeMark is also still expecting corrections. He caused a stir by predicting the current decline in price when the price was still at $48,000.

In his latest analysis, he expects 2 more lower prices to be recorded before a recovery. He is positive and concrete about the end of the bear rally though. Once the day-closing price is above that of 4 days before and the following day there is a higher day-closing price than the previous day’s highest price, he foresees a bullish rally.

Other experts also foresee that there could be a lot of bearish volatility in the coming week. Since the US markets are closed today in connection with Juneteenth we will see tomorrow how US institutional investors react to all the events.

What is the price outlook for other investments?

Of course, in addition to Bitcoin, there are many other investments possible such as (AEX) stocks, futures, gold, oil and FOREX. For our sister site this morning we looked ahead to the price expectations of various investments in the coming week. Are you curious? You can read the latest price forecasts for investments for free here.

Want to stay up to date with the latest price developments?

You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly Monday morning price forecast might be a reading tip. “Please note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide on rational grounds if, when, what and how much you want to invest in.”

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