POKKET: Crypto Market Update (June 7)
Bitcoin price is +2% to $36300 while ETH is +4.8% to hang at $2750. Movers are POND +41%, DOCK +38%, OST MTH +23%, GTO +20%, KNC +15%, and rest are trending up with no standouts on the downside.
It has become clear Ruffer sold out of their $600M position in Bitcoin back in April, netting a $1.1B profit.
Square is going to invest $5M to build solar-powered Bitcoin mining facility with Blockstream.
Weibo blocks crypto chat groups and advertising, sparking more China FUD again.
Slower news cycle vs. other weekends as the Miami Bitcoin conference wraps up.
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