Bitcoin has been in the news lately due to its wild price swings. However, this has not deterred investors with the cryptocurrency market seeing a boom in trading participation.
Guide To Selling And Buying Bitcoin
The entire altcoin revolution that originated in 2008 after a person or a group operating under the pseudonym ‘Satoshi Nakamoto’ published a paper outlining the concept of Bitcoin, has changed the entire monetary system of the globe.
On Thursday, the crypto market has witnessed a mixed bag trade as investors have rushed to book profits. BTC lost some of its steam and dropped 4 percent to $34k levels. The world’s largest cryptocurrency is down over 40 percent in April-June period.
However, BTC outperformed large altcoins in June – while BTC declined nearly 3 percent in June, altcoins like Ripple XRP, EOS, and Chainlink lost over 30 percent.