Overview

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Daily trade volume for Bitcoin futures contracts drops, while open interest for BTC and Ether surges 17 June Jun. Vitalik Buterin says 40 million fewer Ether has been mined than Moreover, higher ICO volumes cause lower bitcoin and Ether prices. Finally, bitcoin shocks positively influence Ether but not the other way round. Our study has implications for The supply of bitcoin (BTC) and ether (ETH) on exchanges fell in June as ramped-up regulation and crime persuaded holders to prefer self custody, Goldman Sachs (GS) said in a The closing price for Bitcoin (BTC) in June 2025 was $9,137.99, on J. It was down 3.4% for the month. The latest price is $104,007.98. Bloomberg Analysts Predict $20K Bitcoin This Year. Bloomberg analysts are the latest to jump on the bandwagon of experts expecting bitcoin to revisit its record high in 2025. Ethereum’s 2025 will go down in the history books for several reasonswith the blockchain unlocking new cases and ETH going through the roof. Here’s our countdown of the 10 biggest moments for Ethereum this year. At the time of writing Bitcoin (BTC) is trading at $9,634 on the Bitstamp daily chart, while Ether (ETH) is hovering around $243 and Ripple’s XRP nears $0.204. Bitcoin fell below The supply of bitcoin and ether on exchanges fell in June as ramped-up regulation and crime persuaded holders to prefer self custody, Goldman Sachs (GS) said in a report

Bitcoin and Ether Market Update: June 4, 2020 - A Look Back

While we can't provide a real-time market update for June 4, 2020, let's delve into what the Bitcoin (BTC) and Ether (ETH) markets were doing around that time, drawing on historical data and analyses.

Historical Context: June 2020 Cryptocurrency Market Trends

Around June 2020, Bitcoin (BTC) was trading at approximately $9,634 on the Bitstamp daily chart. Ether (ETH) was hovering around $243. It's important to remember that the market was experiencing significant volatility. The supply of bitcoin and ether on exchanges fell in June as ramped-up regulation and crime persuaded holders to prefer self custody, Goldman Sachs (GS) said in a report.

Key Factors Influencing Bitcoin and Ether in June 2020

Several factors were likely impacting the prices of Bitcoin and Ether in June 2020:

  • Decreasing Exchange Supply: The supply of bitcoin (BTC) and ether (ETH) on exchanges fell in June as ramped-up regulation and crime persuaded holders to prefer self custody, Goldman Sachs (GS) said in a report. This decrease in available supply could have contributed to price stability or even upward pressure.
  • Market Volatility: Cryptocurrency markets are inherently volatile, and June 2020 was no exception. Daily trade volume for Bitcoin futures contracts may have been fluctuating, while open interest for BTC and Ether could have seen surges.
  • ICOs and Market Correlation: Research suggested that higher ICO volumes might have caused lower bitcoin and Ether prices. Additionally, bitcoin shocks positively influence Ether, but not the other way around.

Looking Ahead (Retrospectively): Bitcoin and Ether Price Predictions

While difficult to predict the future, analysts were likely making forecasts for Bitcoin and Ether. For instance, a closing price for Bitcoin (BTC) in June 2025 was $9,137.99, on J. It was down 3.4% for the month. The latest price is $104,007.98. Bloomberg Analysts were predicting $20K Bitcoin. This illustrates the wide range of potential outcomes and the evolving nature of cryptocurrency markets.

Ethereum's Future Potential

Even in June 2020, Ethereum's potential was being discussed. Ethereum’s future would go down in the history books for several reasonswith the blockchain unlocking new cases and ETH going through the roof. Vitalik Buterin said 40 million fewer Ether had been mined than planned.

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