The latest cryptocurrency news – the main thing for July 3
Date: 2023-07-04 Author: Karina Ziganova Categories: IN WORLD
What's wrong with bitcoin today?
Bitcoin (BTC) has been sideways since June 2023, trading around $30,000. Crypto investors expect BTC to rise and new local highs. Some predict the beginning of growth at the beginning of next week with a correction under $30 thousand. However, the prospects for BTC's behavior at the end of July depend on market conditions.
What's on the market today
The volume of spot trading on the largest cryptocurrency exchange Binance fell by 70% due to the return of commissions for trading paired with bitcoin (BTC). At the same time, Binance is not the only exchange that records a decline in activity, many other exchanges have also lost more than 50% of trading activity.
The head of the Gemini crypto exchange, Cameron Winklevoss, criticizes the SEC for refusing to approve a bitcoin ETF. Winklevoss claims that the SEC forced investors to buy "toxic" crypto products. American investors had to buy products with huge commissions and a discount to the price of bitcoin. Investors have switched to unlicensed and unregulated offshore platforms, including FTX.
