The bitcoin market was heavily impacted by the events in Greece and China in June. The breakdown in negotiations between Greece and the EU coupled with the free fall in the Shanghai Stock Exchange helped drive up the price of bitcoin. With Greece on the verge of default, bitcoin as well as traditional staples such as gold and USD should benefit in the region.
June also featured the release of fresh digital currency regulation across the US and Canada as well as increased adoption of blockchain technology by major financial institutions. These developments help lend greater credibility and legitimacy to the Bitcoin industry.
Inside the July itBit Bitcoin Market Report
Bitcoin Market Analysis: June market recap and seven key events that moved the price of bitcoin.
Global Macro Trends Impacting Bitcoin: Closer look at how the crisis in Greece, free fall of the Shanghai Stock Exchange and strength of the USD are affecting the bitcoin market.
Looking Ahead: Three things bitcoin traders should keep an eye on in July.
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About itBit’s Bitcoin Market Report
Our monthly itBit Bitcoin Market Report offers bitcoin price and macro trend analysis to help inform your trading decisions. Click here to view the report archive.