Gate.io Blog Gate.io’s Daily Market Trends（June 16th） : Indonesias Central Bank Bans Cryptocurrency Payment Services, Bitcoin Going Sideways Adjustment

Gate.io’s Daily Market Trends（June 16th） : Indonesias Central Bank Bans Cryptocurrency Payment Services, Bitcoin Going Sideways Adjustment

16 June 14:07

As of 12:00 GMT, Bitcoin’s price was $39853.59 and Ether’s price was $2515.42. In the morning of the 16th, Bitcoin’s price experienced a strong fluctuation. Within the space of four hours, the price broke through $41,000 and fell below $39,600. Apart from this commotion, today's Bitcoin’s price is relatively stable. On the one-hour timeframe, the 30 Day MA and 10 Day MA show obvious correlation, and they are both similar in shape. On the one-day timeframe, today's trading volume dropped 1634029474259409ply compared to yesterday with the market in a low-volume sideways phase.

According to Gate.io data, a total of 42002 traders have suffered liquidation in the past 24 hours, worth a total amount of over $ 242 million.

1634029469775434base announced on Tuesday that users could start transferring CHZ, KEEP and SHIB into their 1634029469775434base Pro account. Trading will be available in 1634029469775434base’s supported jurisdictions with the exception of Singapore. Once liquidity conditions are met, trading for these tokens will begin on or after 9AM 1634029468857742ific Time (PT) Thursday June 17.

Rolando Castro, the Minister of Labor and Social 1634029468705869are, has said that whether companies should pay their employees in Bitcoin or not, is still under 1634029468756313ussion.

During a virtual seminar, Bank of Indonesia Governor, Perry Warjiyo announced that the central bank has banned all Indonesian financial institutions from using cryptocurrency as a means of payment or any other financial service tools. He also addressed that based on existing laws, crypto coin is not a legitimate payment instrument.

According to a survey from Bank of America, with the price of Bitcoin falling over 35% from its highest in May, 81% of the fund managers still call it a bubble.

Author: Gate.io 1634029474660500chers: Gazer. C & Charles. F
*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all other cases, legal action will be taken due to 1634029471117618ight infringement.

Gate.io Spot Quotes (as of 12:30 CST)
BTC:$39853.59(-1.35%)；ETH:$2515.42(-2.64%)；DOGE:$0.315429(-3.29%)；GT:$4.0441(-1.98%)；XRP:$0.86195(-2.64%)；ADA:$1.5401(-1.7%)；DOT:$23.681(-5.99%)；UNI:$23.095(-4.69%)；

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Gate.io’s Daily Market Trends（June 16th） : Indonesias Central Bank Bans Cryptocurrency Payment Services, Bitcoin Going Sideways Adjustment

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