POKKET: Crypto Market Update (June 9)
Bitcoin price is -2.5% to $33000 after recovering from a 10% drop yesterday, while ETH is -5.4% to $2465. Movers are GTO +40%, OST +15%, CRV +10%, and rest are mixed between +/-7%.
More Latin American countries are joining the movement created by El Salvador in embracing Bitcoin, with many politicians and influencers from the region changing profiles to laser eyes.
Paris Hilton joins an Ethereum NFT project, Origin, as their advisor.
Data from Chainalysis shows investors from the US made $4B in profit in 2020 from Bitcoin, 4x more than investors from China.
Data from Glassnode shows Ethereum transaction volume measured in $USD has declined by 6% in two weeks, and DeFi trading volumes are back to levels seen in 2020 as token prices deflate. DeFi TVL sits at $60B, down from the close to $90B back in mid-May.
MicroStrategy’s bond issuance saw 4x coverage, with demand mostly coming from large hedge funds.
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