Why Bitcoin Cash And Ethereum Classic Were Obliterated In June

It's no secret several popular altcoins, including Bitcoin Cash (CRYPTO: BCH) and Ethereum Classic (CRYPTO: ETC), have experienced marked weakness throughout the month of June. Crypto has traded lower in June in tandem with major U.S. indices, which are also experiencing weakness after the Federal Reserve in June raised its target fed funds rate by 75 basis points to a.

Timeline of Bitcoin-cash, Ethereum-classic

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Like many altcoins in the crypto sphere, Ethereum Classic [ETC] has also been on a long-term downtrend on the charts.

Bitcoin Cash (BCH) prices sank on Wednesday after Roger Ver, a major advocate of the blockchain, was accused of owing crypto exchange CoinFlex about $47 million.  In a Twitter statement, CoinFlex CEO Mark Lamb disclosed a written contract with Ver, which obligates the latter to personally guarantee any negative equity.

Crypto community member, FatMan Terra, has suggested that Roger Ver is the high net worth individual who allegedly owes CoinFLEX $47 million. CoinFLEX has released plans to launch a recovery token to raise funds to cover the $47 million deficit.

Bitcoin Cash (BCH) was one of the hardest-hit digital assets in the market crash of May and this led to a plunge in its market value.  The post Bitcoin Cash Market Cap Crashed More Than $1.5 Billion in May  appeared first on BeInCrypto.

The price of Bitcoin Cash (BCH) is in a downtrend as the altcoin fell to a low of $107 on June 16. Selling pressure has already breached the previous lows of $150 and $124. The current low of $107 indicates that the market has reached the oversold area of the market. Last week, the altcoin fluctuated between $107 and $130.

Shares of several popular altcoins, including Ethereum Classic (CRYPTO: ETC), are trading lower again Saturday afternoon in sympathy with apex cryptocurrency Bitcoin (CRYPTO: BTC) and second-largest market cap crypto Ethereum (CRYPTO: ETH).  Crypto has traded lower this week in tandem with major U.S. indices, which are also experiencing marked weakness after.

On a day where bitcoin broke out of its $20,000 support point, BCH bounced on its own floor, climbing higher on Saturday. BCH was up by nearly 7% to start the weekend, whilst MATIC fell to its lowest point since last April. Bitcoin Cash (BCH) Despite yet another red wave in crypto markets on Saturday,

Shares of several popular altcoins, including Bitcoin Cash (CRYPTO: BCH), are trading lower in sympathy with apex cryptocurrency Bitcoin (CRYPTO: BTC) and second-largest market cap crypto Ethereum (CRYPTO: ETH).  Crypto is likely trading lower in tandem with major U.S. indices, which are also.

Shares of several popular altcoins, including Bitcoin Cash (CRYPTO: BCH), are trading lower again Monday in sympathy with apex cryptocurrency Bitcoin (CRYPTO: BTC) and second-largest market cap crypto Ethereum (CRYPTO: ETH).  Crypto is likely trading lower in tandem with major U.S. indices, which are lower following worse-than-expected May CPI.

Shares of several popular altcoins, including Ethereum Classic (CRYPTO: ETC), are trading lower again Monday in sympathy with apex cryptocurrency Bitcoin (CRYPTO: BTC) and second-largest market cap crypto Ethereum (CRYPTO: ETH).  Crypto is likely trading lower in tandem with major U.S. indices, which are lower following worse-than-expected May CPI.