POKKET: Crypto Market Update (June 1)

crypto news, bitcoin price

Bitcoin up +7% to $37700 while ETH is much higher +15% to $2700. Movers are PNT +35%, REN +23%, RSR +22%, ANT +20%, LINK +19%, AAVE +18%, and rest are higher as well, no standouts on the downside.

Ex-head of China’s digital Yuan effort says CBDCs could operate on Ethereum.

Bitcoin saw the third largest monthly drawdown in its history, coming in -36% for May vs. -40% back in Sep11 and -37% in Nov18. Average Bitcoin transfer fees hit lowest level since January of around $7.

Singaporean bank DBS issues $11M in a new tokenized bond, part of an STO. This follows a trend set by Santander, SocGen and the World Bank which have all issued blockchain based bonds in recent years.

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

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