🗞 Daily Crypto News, June, 28th 💰

Bitcoin Price Bounce at $8.8K Support Shows Traders Keep Buying the Dip;
US Real Estate Market Crisis: 4.3 Million Mortgage Delinquencies, Commercial Properties Sink in Value;
Investors Fear Ethereum Price Sell-Off After PlusToken Transfers 789K ETH;
Blockchain Expands in Advertising Industry, but Crypto Remains a No Go;
Jim Rogers, Mark Cuban, Peter Schiff Will 'Go All-In' on Bitcoin, Says Max Keiser;
🗞 Daily Crypto Calendar, June, 28th 💰

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Bitcoin Price Bounce at $8.8K Support Shows Traders Keep Buying the Dip

Bitcoin price dropped below $9,000 for the second time this week but traders continue to buy on each dip.

Within the last hour Bitcoin (BTC) price dropped below $9,000 to a daily low at $8,813. Since June 24 Bitcoin price has been losing momentum while pinned below the 20-MA and today’s drop to $8,813 coincided with a surge in sell volume.

As discussed in previous analysis, buyers have been keen to purchase every dip below $9,000 and today’s drop brought the price near the edge of a key high volume VPVR node at $8,800.

If bears succeed in pushing the price below this level, the top-ranked digital asset could drop to the 200-MA at $8,325, but failure to find support at this moving average could see the price sink lower to the $7,400 to $6,800 zone.

🗞 US Real Estate Market Crisis: 4.3 Million Mortgage Delinquencies, Commercial Properties Sink in Value

The U.S. economy continues to look bleak as the American citizens and small businesses nationwide struggle to keep up with the government’s rules toward Covid-19 guidelines. In just 13 weeks, over 45 million Americans filed for unemployment benefits and many citizens cannot pay their mortgages. Numbers stemming from last month’s property data indicates that about 4.3 million Americans didn’t pay their mortgage notes.

While precious metals like gold and silver have done well, and crypto assets have held decently, real estate and property statistics have tumbled. The government in America has continued to ravage the U.S. economy by inducing a number of lockdown rules and shutting down businesses of all shapes and sizes.

The unemployment rate is practically parallel with the numbers from the Great Depression as 45.7 million are out of work. And that number only accounts for Americans who can file as members of the gig economy and other types of workers cannot collect.

🗞 Investors Fear Ethereum Price Sell-Off After PlusToken Transfers 789K ETH

PlusToken recently moved $186 million worth of Ethereum, leading investors to fear a dump in ETH price.

.Earlier this week PlusToken, one of the largest scams in the cryptocurrency world, tried to move 789,500 Ether (ETH), but the movement of these stolen funds were temporarily held up by congestion issues within the Ethereum network.

The $186 million transfer came from a known Ethereum address and was later split into 50 different transactions, possibly as an attempt to disguise the activity. Whale Alert first spotted the transactions which have since been processed but little information on the funds’ destination has been reported.

Just two days before this latest development, PlusToken also moved $67 million worth of stolen EOS.

🗞 Blockchain Expands in Advertising Industry, but Crypto Remains a No Go

Crypto has been left out of the advertising industry, but blockchain technology may be its ticket back in to innovate and change the space.

Despite seeing substantial growth in popularity, topping Google search trends amid the recent halving, the coronavirus pandemic and mainstream coverage, the cryptocurrency industry has somewhat been left out of the advertising world by online ad networks, social media platforms and even national governments.

In 2018, Facebook banned cryptocurrency advertising amid the initial coin offering hype. Later that year in March, Google followed, banning all advertisements of cryptocurrencies, especially ICOs, and binary options. In the same month, Twitter also banned all cryptocurrency advertising, except for a few public companies.

🗞Jim Rogers, Mark Cuban, Peter Schiff Will 'Go All-In' on Bitcoin, Says Max Keiser

Max Keiser believes that bitcoin naysayers like Jim Rogers, Mark Cuban, and Peter Schiff will go all-in and invest big in bitcoin when they understand it. He guarantees this to be the case, having predicted that the price of bitcoin will reach $400,000.

Popular television personality Max Keiser firmly believes that bitcoin skeptics will go all in big on bitcoin when they finally understand it. The host of Keiser Report, a financial program broadcast on the media channel RT, recently singled out three bitcoin naysayers in particular. He tweeted Friday:

Peter Schiff, Jim Rogers, Mark Cuban, and other pre-coiners represent huge pent-up bitcoin buying demand. When they finally understand it, they’ll go all-in with huge buys. I 100% guarantee this to be the case.