POKKET: Crypto Market Update (June 27)
Bitcoin is up 2.8% to trade $32.8k, ETH is the same trading at $1870. Movers are SNM +19%, CTSI +12%, and rest are quiet trading within +/-6% range.
Slower news day, with only a few headlines. Bitcoin hash rate has recovered and is up some 5% since the China crackdown, as mining farms quickly relocated to North America and Kazakhstan; hash rates appear to only be -1.7% YoY.
CoinDesk is reporting a senior FRB official has called Tether a risk to the stability of the financial system in a presentation on Friday.
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