POKKET: Crypto Market Update (June 6)
Bitcoin is -4.5% to trade $35.5k, still looking like a ‘rangey’ market. ETH is close behind -3.8% to $2600. Movers are GTO +21%, EVX +13%, ANT +11%, RSR FET -9%, rest are mixed.
News cycle is slower this weekend given the concentrated attention in Miami and lack of real moves. Biggest headline is El Salvador adding Bitcoin to its reserves, the first of any country, and will submit a bill to recognize it as legal tender. A section of the bill reads: “…in order to mitigate the negative impact from (global) central banks, it becomes necessary to authorize the circulation of a digital currency with a supply that cannot be controlled…”
Meanwhile, space Karen is pumping CumRocket for unknown reasons. There is plenty of data and analysis on sentiment towards Elon Musk breaking down, with now an almost 50/50 split between those who like and dislike him; earlier this year it was closer to 70/30 towards like. Anonymous released a video yesterday targeting the DOGE savior calling him out with facts and ending with “we are Anonymous, we are Legion, expect us”.
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