Bitcoin price recovers and is around USD $67,000 this June 17 – DiarioBitcoin

The digital currency experienced a notable recovery in recent hours, although it now stands at very similar prices to those seen yesterday. Main altcoins partially replicate this trend but are going down.

***

• Bitcoin is around USD $67,000 at this time
• After a drop recorded throughout the day, the digital currency recovered in the last few hours
• Reaction coincides with the ETF announcement Bitcoin in the Australian market
• Main altcoins score lower, with the exception of XRP which is going up with 5%
  

A new week begins and we open our price report for this June 17, reviewing the evolution seen in the price of Bitcoin (BTC), digital currency that at this time is trading at about USD $66,967, with values ​​very similar to those seen during yesterday’s trading.

According to data published in our section CryptoMarkets, the price of Bitcoin has been going down for a good part of the day. However, after reaching its lowest point after touching USD $65,150, its price increased significantly and recovered practically all the losses accumulated during the day in a period of four hours.

Hand in hand with this behavior in prices, we have that the market Bitcoin saw a trading volume close to USD $27.85 billion capitalized during the day, a figure that represents an increase of 121.33% compared to the values ​​seen yesterday, which reflects a significant rebound in the last few hours.

ETFs Bitcoin reach the Australian market

Although the prices of BTC react to a large number of variables, the behavior seen in the last few hours coincides with the announcement made by the Australian Securities Exchange (ASX), entity that approved the first local exchange-traded fund (ETF) based on Bitcoin cash.

As we indicated in a previous report, the product in question is operated by VanEck under the symbol VBTC and begins operations on June 20. Let us keep in mind that at the beginning of last month Cboe Australia approved its first ETF Bitcoin, managed by Monochrome Asset Management, which would be its main competitor in the local stock market.

In this regard, the team VanEck, reported that the decision to launch a fund on Australia’s largest exchange comes in response to growing demand from local investors to gain exposure to Bitcoin through a “regulated, transparent and familiar investment vehicle”, this taking as a reference the evolution that similar products are registering in the US market.

Major altcoins are going down, except XRP

Hand in hand with the evolution seen in the price of Bitcoin We have that the main altcoins tried to replicate this behavior, however, they have not managed to maintain gains in the last 24 hours.

Therefore, currencies like ETH, SOL, TON, DOGE, SHIB, AVAX, DOT, LINK, UNI, MATIC, NEAR and many others are going down with falls between 2% and 6% at this time.

The exception to this trend is seen in the case of XRP of Ripple, currency that is on the rise with daily gains close to 6% after reports of the company’s conversations with central banks for the issuance of state cryptocurrencies (CBDC), This goes hand in hand with the course of his case in court against the US Securities and Exchange Commission (SEC).

Article by Angel Di Matteo / DailyBitcoin

Picture of Unsplash

WARNING: This is an informative article. DiarioBitcoin is a media outlet, it does not promote, endorse or recommend any particular investment. It is worth noting that investments in cryptoassets are not regulated in some countries. They may not be suitable for retail investors as the entire amount invested could be lost. Check the laws of your country before investing.