{"id":6827,"date":"2019-07-01T11:45:58","date_gmt":"2019-07-01T08:45:58","guid":{"rendered":"https:\/\/forklog.media\/?p=6827"},"modified":"2019-07-01T11:45:58","modified_gmt":"2019-07-01T08:45:58","slug":"bitcoin-has-been-the-most-volatile-and-best-performing-cryptocurrency-in-june-report","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-has-been-the-most-volatile-and-best-performing-cryptocurrency-in-june-report\/","title":{"rendered":"Bitcoin Has Been the Most Volatile and Best Performing Cryptocurrency in June &#8211; Report"},"content":{"rendered":"<p>Bitcoin has had the wildest price swings in June out of all cryptocurrencies with the market cap of above $4 billion.<\/p>\n<p>According a report by <a href=\"https:\/\/www.theblockcrypto.com\/tiny\/bitcoin-has-been-the-most-volatile-and-best-performing-major-cryptocurrency-in-june\/\" target=\"_blank\" rel=\"noopener noreferrer\">The Block<\/a>, Bitcoin has reached an annualized volatility of 102% in June, trailed by Litecoin (~98%) and EOS (~97%). The least volatile major cryptocurrency has been BNB with 76%, followed by XRP with 82%.<\/p>\n<p>On top of being the most volatile, Bitcoin has also been the best performing major cryptocurrency in June; with a 30% increase. The worst performing major cryptocurrency was TRON with an 11% price decrease in June.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-6828\" src=\"https:\/\/forklog.com\/en\/wp-content\/uploads\/2019\/07\/volatility.png\" alt=\"Bitcoin Has Been the Most Volatile and Best Performing Cryptocurrency in June &#8211; Report\" width=\"820\" height=\"504\" srcset=\"https:\/\/forklog.com\/en\/wp-content\/uploads\/2019\/07\/volatility.png 1358w, https:\/\/forklog.com\/en\/wp-content\/uploads\/2019\/07\/volatility-300x184.png 300w, https:\/\/forklog.com\/en\/wp-content\/uploads\/2019\/07\/volatility-768x472.png 768w, https:\/\/forklog.com\/en\/wp-content\/uploads\/2019\/07\/volatility-1024x629.png 1024w, https:\/\/forklog.com\/en\/wp-content\/uploads\/2019\/07\/volatility-470x289.png 470w\" sizes=\"auto, (max-width: 820px) 100vw, 820px\" \/><\/p>\n<p>On Monday, July 1, BTC led major cryptocurrencies on a fresh downward spiral after markets halted support above $12,000.<\/p>\n<p>Conditions remain volatile this week, with last week\u2019s peak of $13,800 still unchallenged. Now, attention is turning to a long-term retracement, with some analysts claiming it could bring BTC\/USD down to $6,600.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">12\/ I did a simple forecast of where it could be heading by plotting the multiples over time. As of now, the most likely retracement range is $6.6k &#8211; $8.5k. I know, this is a pretty nasty retracement, however, this was still a \u201cnatural\u201d retracement in 2012 as it was in 2017<\/p>\n<p>\u2014 CryptoKea (@CryptoKea) <a href=\"https:\/\/twitter.com\/CryptoKea\/status\/1145516007491960833?ref_src=twsrc%5Etfw\">July 1, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Previously, talk was of a lighter correction which would focus on the $9,500 area. Bullish forecasts for further growth also began appearing, with Fundstrat\u2019s Tom Lee leading calls for a new all-time bitcoin price high in 2019.<\/p>\n<p>Now, however, it would appear various factors have converged to put downward pressure on Bitcoin. Among them, data shows the supply of Tether (USDT) has doubled this year; increased Tether issuance tends to result in both Bitcoin price gains and volatility.<\/p>\n<p>At press time, Bitcoin is changing hands at levels slightly above $11,000.<\/p>\n<div id=\"attachment_6829\" style=\"width: 830px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-6829\" class=\"wp-image-6829\" src=\"https:\/\/forklog.com\/en\/wp-content\/uploads\/2019\/07\/Coin360.png\" alt=\"Bitcoin Has Been the Most Volatile and Best Performing Cryptocurrency in June &#8211; Report\" width=\"820\" height=\"351\" srcset=\"https:\/\/forklog.com\/en\/wp-content\/uploads\/2019\/07\/Coin360.png 1536w, https:\/\/forklog.com\/en\/wp-content\/uploads\/2019\/07\/Coin360-300x129.png 300w, https:\/\/forklog.com\/en\/wp-content\/uploads\/2019\/07\/Coin360-768x329.png 768w, https:\/\/forklog.com\/en\/wp-content\/uploads\/2019\/07\/Coin360-1024x439.png 1024w, https:\/\/forklog.com\/en\/wp-content\/uploads\/2019\/07\/Coin360-470x201.png 470w\" sizes=\"auto, (max-width: 820px) 100vw, 820px\" \/><p id=\"caption-attachment-6829\" class=\"wp-caption-text\">Data: <a href=\"https:\/\/coin360.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Coin360<\/a><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has had the wildest price swings in June out of all cryptocurrencies with the market cap of above $4 billion. According a report by The Block, Bitcoin has reached an annualized volatility of 102% in June, trailed by Litecoin (~98%) and EOS (~97%). The least volatile major cryptocurrency has been BNB with 76%, followed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6830,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"human_written","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,172,984],"class_list":["post-6827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-markets","tag-volatility"],"aioseo_notices":[],"amp_enabled":true,"views":"338","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/6827","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=6827"}],"version-history":[{"count":2,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/6827\/revisions"}],"predecessor-version":[{"id":6832,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/6827\/revisions\/6832"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/6830"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=6827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=6827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=6827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}