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Here’s Why Bitcoin Could Fall To $20,000

Bitcoin has been on quite the ride lately, and strategists say it could fall far lower if it drops below this level.

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Meme Stocks Go For Wild Ride As Retail Traders Move On To New Targets

Plus, Bitcoin dropped as low as $31,035, Chipotle is raising menu prices as ingredients and labor costs rise, and Ferrari appointed a new CEO.

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Reddit Traders Push Clover Health & Wendy’s Shares To New Highs

Plus, Reddit and several other major websites were down early this morning due to a Fastly outage, Bitcoin is dropping after the U.S. recouped most of the ransom paid to the hackers that took down the Colonial Pipeline last month, and one analyst says Apple could hit a $3 trillion market cap next year.

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U.S. Job Creation Picked Up In May But Still Below Expectations

Plus, another Elon Musk tweet is sending Bitcoin lower today, Facebook was hit with two new antitrust probs, and Bill Ackman’s SPAC said it is in talks to buy 10% of Universal Music.

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The Meme Stock Trade Is Back With AMC Jumping 152% Since Monday

Plus, Bitcoin dropped below $36,000, Tesla’s Model 3 sedan lost its Top Pick status with consumer reports, and Gap delivered an earnings beat.

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Amazon Sued By DC Attorney General On Antitrust Grounds

Plus, Tesla’s Musk said he’s having discussions with Bitcoin miners regarding the coin’s sustainability, Moderna said its COVID-19 vaccine was 100% effective in teens ages 12 to 17, and Square is reportedly gearing up to launch checking and savings accounts.

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Transportation

Bitcoin Gains Most In Three Months After Falling Below $32k Over The Weekend

Plus, Virgin Galactic shares are up after a successful spaceflight this weekend, FirstGroup is facing a shareholder rebellion over its plans to sell its iconic yellow school bus business, and Beyond Meat got an analyst upgrade.

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Bitcoin Sinks Below $40,000 After China Calls For Crackdown On Mining & Trading

Plus, Apple CEO Tim Cook is testifying in the company’s legal battle with Epic Games today, the U.S. called for a global minimum tax rate of 15%, and Snap is buying WaveOptics for $500 million.

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Why This Crypto Bull Says This Weeks Plunge In Bitcoin Feels Like Capitulation

This week’s “liquidation event” in Bitcoin won’t be recovered immediately. Here’s why one crypto expert says the world’s largest digital coin will be in consolidation mode for the next several weeks.

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