POKKET: Crypto Market Update (May 12)

crypto news, bitcoin price

Bitcoin price is +2.5% to trade $57k while ETH is making a run up to trade $4175 +6.6%. Movers are YFI +43%, LRC +34%, MATIC +25%, SUSHI +24%, OMG +18%, YFII +16%, SNX +15% and only one down bigly is RLC -17%, rest are up in Pokket listed tokens.

Stanley Druckenmiller said 5yrs ago crypto was a solution to an unknown problem, but clarified today the problem has been identified as Jerome Powell’s printing machine.

CryptoPunks NFT sells for $17M at Christie’s Auction. Merriam-Webster is auctioning a NFT of ‘NFT’ dictionary definition.

SHIB continues to spread throughout cryptwit, with stories of Uber drivers investing $600 weeks ago now retiring with $1.7M; CZ says he doesn’t endorse it and is a ‘super high risk’ token, wink-wink*.

Finally, SEC staff calls Bitcoin ‘highly speculative’ and hints at ETF skepticism, with intentions to determine whether the ‘Bitcoin futures market could accommodate ETFs’.

Check out today’s interest rates at POKKET and earn interest on your crypto with our crypto saving accounts.

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