POKKET: Crypto Market Update (July 30)

crypto news, bitcoin price

Bitcoin s flat at $40k and ETH is +3% to $2350. Movers are POWR +61%, POLY +25%, BZRX +18%, FET +16% with nothing on the downside standing out.

Rep. Ted Budd, a member of the Congressional Blockchain Caucus, was a speaker at the ‘Maker Speaker Series’ sponsored by MakerDAO, and said Washington is scared of crypto and DeFi with some calling it “basically a financial 9/11”.

$1.5B in options expires today on Deribit, with the ‘max pain price’ at $35k and Put/Call ratio at 0.86, with bulls looking to gain a bit at expiry.

Robinhood finally debuted overnight at $38, and dropped 9% immediately and closed at $34.82.

PayPal CEO touted their digital wallets could be the way to distribute stimulus payments in the near future.

State Street is now going to offer crypto services for private-fund clients.

Finally, MicroStrategy laid out its macro strategy in their Q2 earnings call, with Saylor Moon saying they plan to buy even more BTC – the company currently hodls 105k BTC.

Check out today’s interest rates at POKKET and earn interest on your crypto with our crypto savings account.


Like POKKET’s market commentary? 
Follow us on Twitter to get the latest news, or email us your thoughts.