Good morning Bitcoin: Circle launches Euro Coin this month

Last Updated: 19 June 2022

Good Morning! We have the latest news for you. Start the day with a bitcoin breakfast.

Fidelity’s Jurrien Timmer: ‘Bitcoin is undervalued’

Jurrien Timmer, the head of macro at Fidelity, says bitcoin is currently cheaper than it looks. By which the macro analyst means that bitcoin is currently both undervalued and oversold. Timmer writes that the price has fallen back to 2020 levels while the P/E ratio has fallen to 2017 and even 2013 levels.

Circle brings digital euro to market

Circle Internet Financial is coming out with a stablecoin for the euro. The American company announces that they will be issuing a full-reserve euro stablecoin. It will be called Euro Coin (EUROC) and will be launched on 30 June.

Like USDC, this digital euro is also fully regulated. It has many parallels with the USD Coin. According to the press release, EUROC is built on the same pillars of “trust, transparency, and security.”

Biggest whale buys the dip: +927 bitcoin

The largest bitcoin whale in the market has bought the dip. In the month of June, the whale bought 20.9 million dollars worth of bitcoin. This is according to data from BitInfoCharts, which tracks the largest wallets.

The address now holds over 128,000 bitcoin, more than what MicroStrategy, for example, owns. It is not an exchange address.

The pseudonymous entity behind the address added 927 bitcoin in June. The address is even said to be the largest bitcoin address after Binance and Bitfinex wallets.

Author

  • I first came into contact with Bitcoin in 2017 - and since then, the topic of cryptocurrencies has never left me. For this reason, I have also made BTC & Co. part of my profession and write as a freelance author for crypto publications.

error: Alert: Content is protected !!