POKKET: Crypto Market Update (June 13)
Bitcoin is flat trading at $35.5k, ETH is outperforming with +5% to $2400. Movers are DLT +16%, DOCK +14%, SNM +10%, ALICE SAND -11%, and rest are mixed in between.
Biggest headline this weekend is the lock in of privacy focused Taproot upgrade to Bitcoin, as miners activated the protocol which obscures complicated transactions and lowers transaction fees – the upgrade is set to go live in November.
Thailand’s SEC orders exchanges to delist meme coins, which include Doge and Cumrocket, NFTs, exchange tokens and fan tokens.
This was burried under the newsflow this weekend, but the Fed balance sheet has hit $8T for the first time, and will continue to buy US treasuries and mortgage bonds to support the economy. Otherwise, slower news flow this weekend.
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