Gate.io’s Daily Market Trends（June 28th）: Dogecoin Founder Re-enters the Industry, Bank in Mexico Prepares Bitcoin Business

2021-06-28, 06:02

As of 13:30 GMT, Bitcoin’s spot price was $34406.96 and Ether’s price was $1966.66. At 6 o'clock in the morning today, Bitcoin’s price soared in a strong mood. Continuing the upward trend that began yesterday. After 6 o'clock in the morning, Bitcoin’s price broke the upper limit of the Bollinger Bands, and the Bollinger Bands began to widen significantly. Combined with the price movement trend line, the price of Bitcoin has entered an upward phase. After nine o'clock, Bitcoin price entered a sideways adjustment, the price fluctuations were low, and the market transaction volume shrank. Traders enter the wait-and-see phase. Ethereum continues to maintain a trend that is highly synchronized with Bitcoin. It has also entered a sideways phase.

BIlly Markus, a co-founder of dogecoin recently revealed on Twitter that he bought dogecoin again “after 8 years of vowing never to buy digital assets again”. Then he continued to share several memes and tweets related to dogecoin.

In India, investments in crypto grew over 200 times from $200 million to nearly $40 billion in the past year. About 15 million Indians are now buying and selling digital coins, which is catching up with the 23 millions traders in the US.

BTC-e operator Alexander Vinnik’s 5-year prison term was upheld by the Court of Appeal of Paris on Thursday. Vinnik was accused by the U.S. Department of Justice as the one behind BTC-e, and sentenced last December on the charge of money-laundering of $4 billion.

Mexican billionaire Riccardo Salinas Pliego announced on Twitter that he is working to make his Banco Azteca the nation’s first bank to accept Bitcoin. With over 16 million savings accounts and over 19 million credit accounts, Banco Azteca is one of the largest banks in Mexico.

Author: Gate.io Researchers: Gazer. C & Charles.F
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