POKKET: Crypto Market Update (May 5)

crypto news, bitcoin price

Bitcoin price corrected overnight -5.6% to $53k before jumping back to $55k in Asia morning. ETH keeping strong at +1.2% to $3360. Movers are RLC +37%, LINK SNM +12%, BAND +10%, OGN GTO ANT COMP AAVE -12%, KNC SXP TRU CRV, MKR, STORJ -11%, OCEAN LRC -10%, and rest are mostly lower in Pokket listed tokens.

Thank Janet Yellen for the overnight correction in markets as she says interest rates ‘have to rise somewhat’ to prevent the US economy from overheating.

Robinhood suffered ‘issues’ yesterday as DOGE and ETH volumes caused jams. On that note, Uniswap v3 launches tomorrow with three new features; concentrated liquidity, more fee tiers and cheaper oracles.

Speaking of DOGE, the memecoin is now the 4th largest crypto by market cap, surpassing XRP. Next up is BNB.

Sotheby’s is going to auction the first physical artwork payable in crypto, Banksy’s “Love is in the Air” piece; estimates are in the $3-5M range.

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


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