POKKET: Crypto Market Update (July 20)
Bitcoin grinds lower to $30.7k, down -3.5% while ETH goes down -5.2% to $1800. Movers are AUDIO -17%, CELR ALICE -15%, FIS -14%, no standouts on the upside.
Crypto seems to have moved lower along with broader markets, as the S&P traded -1.4% on the day, a -3.7% move from 14 July; a rare dip in the perpetual up-only machine. US Treasuries have dipped below 1.2%, with many asking who besides the Fed is buying?
Elon Musk is finally going to talk to Jack at the ‘The B Word’ conference, where many hope the Twitter founder can convince the space Karen that digital shiny rocks are even more valuable than he thinks.
According to a Glassnode report, most Bitcoin being sold now are done so at a loss, an obvious bearish sign, although 75% of circulating supply is held by hodlers, an obvious bullish sign.
Ripple lawyers submitted a supplemental letter to support their request for dismissal of the ongoing SEC case against them, using the SEC’s own words against them in an unrelated case against crypto.
Check out today’s interest rates at POKKET and earn interest on your crypto with our crypto savings account.