What is Bitcoin in June? (021) 6015 2374

In the past month, Bitcoin has experienced a price increase of over 40%. The month of June is one of the important factors for the trend of Bitcoin prices. With the continuous rise of Bitcoin prices and the increasing demand for digital currencies by governments around the world, “May Day” and “National Day” will become safe havens for investors, attracting more investment opportunities and promoting the growth of the cryptocurrency industry. In 2019, many traditional enterprises have already joined in. The first half of this year was the month before the Bitcoin halving, and the second half of 2019 may be a turning point for the entire industry. (Phoenix Net)

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Economic blogger @0x_a1b9d8c3 stated that Bitcoin has fallen more than 80% from its peak and is currently striving to maintain its price. We believe that this is just a temporary and unpredictable way, which will last for a period of time. If there is not a good strategy to keep Bitcoin stable or continue to rise, it will not have significant volatility. But I do think this is a good thing because the industry needs time and funding to support itself and succeed.

On May 13, 2020, the US Treasury Department announced a financial crime enforcement network plan to track illegal cryptocurrency transactions. According to the description of the plan, cryptocurrency activities “related to the financing of terrorism” will receive more regulation. In addition, it is reported that these ransomware attacks may expand the use of Bitcoin. However, due to the actions taken by governments of many countries to protect their citizens from possible global sanction threats, this situation is now limited. (coindesk)