CoinMarketCap Daily, June 23: Bitcoin Surges 18%
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CoinMarketCap Daily, June 23: Bitcoin Surges 18%

1 year ago

Today, CoinMarketCap looks at some good news in the crypto markets — Bitcoin is rising!

CoinMarketCap Daily, June 23: Bitcoin Surges 18%

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Bitcoin Surges 18% 🚨

What a difference a day makes. Yesterday, Bitcoin fell to its lowest price point of 2021 — reaching depths of $28,893.62. Today, the world's biggest cryptocurrency rallied by more than 18%, heading back above $34,000. Some analysts are confident that Bitcoin has now bottomed out, with Bloomberg Intelligence describing $30,000 as a "line in the sand." The latest reaction.

A Bruising Quarter 🤕

Despite the current optimism, it’s worth noting Bitcoin is on track to secure its worst second-quarter performance ever. Data from Bybt shows that BTC has already fallen 42% in Q2 — a stark contrast from the gains of 42% and 159% seen over this period in 2020 and 2019 respectively. Bitcoin has only made a loss in Q2 twice in its history. Here's the data.

McAfee Extradition Approved 👀

John McAfee can be extradited to face tax evasion charges in the U.S., a court in Spain has ruled. The judgment marks a substantial setback for the antivirus software creator, who had argued that the extradition request was politically motivated. McAfee, who fears he will die behind bars if he is taken into U.S. custody, can appeal the decision. Find out more.

Brave Takes on Google 💪

The crypto-friendly company Brave has launched a privacy-focused search engine that’s designed to rival Google. Brave Search is now available to all of those who use the browser of the same name on desktop, Android and iOS devices. The free version is supported by advertising, but users will be able to pay for an ad-free version too. Read more.

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