CoinLoan Weekly: Crypto Market Shows Signs of Recovery
BTC price is rising. Today, on June 28, it reached $34,578, a 4.38% change in 24 hours, according to CoinMarketCap. BTC's market dominance now is at 47%.
As for other top cryptocurrencies, they follow the upward trend too. According to Coinmarketcap, Ethereum's price is $2,013 as of June 28, showing an 8.61% growth in the last 24 hours, with its market dominance being 16.83%.With up and down price fluctuations continuing for the third week, investors search for crypto management tools to avoid risk.
Celo is the currency that went up in value much more than other tokens in the last week. According to Coinmarketcap, its price grew by 67.21%.
Ricardo Salinas Pliego, the 166th richest person in the world and Mexican billionaire, said he's working on making his bank (Banco Azteca) the first in Mexico to accept BTC. In one of his interviews, the billionaire said he believes all fiat currencies are fraud, and Bitcoin is an asset that should be a part of every investor's portfolio. However, whether you are a retail or institutional investor, you need tools for buying, lending and swapping BTC.
On June 26, the UK's Financial Conduct Authority (FCA) issued a warning to Binance Markets Limited (BML) and the Binance Group. FCA claims that BML, unlike many regulated crypto companies, is not permitted to undertake operations in the UK, as it is now part of a wider Group (Binance Group). In response, the official Binance Twitter account posted a thread assuring the platform users that BML remains a separate legal entity that doesn't offer any products or services via the Binance website.
Elon Musk again interfered in the market by making a post on Twitter about naming his Shiba Inu Floki. After the tweet, SHIB price rose to $0.000008, as of June 28, according to Coinmarketcap, a +9.05% price change in the last 24 hours.
As for DOGE, the coin went up from $0.25 on June 24 to $0.29 on June 25. However, On June 28, DOGE reached $0.26, a 5.68% price change in the last 24 hours.