bitcoin to usd

POKKET: Crypto Market Update (July 27)

POKKET: Crypto Market Update (July 27)

Bitcoin is up +8.5% to $37.6k while ETH is +3.5% to $2250. Movers are DENT ANKR +18%, HOT +16%, SNX +15%, LIT +14%, MATIC +13%, CHR -18%, DEGO -17%, ALICE -15%. About $1B in shorts were liquidated yesterday and volumes picked up as BTC quickly ramped to $40k but failed to hold. Many point to the Amazon payment in Bitcoin 'news', which naturally they denied, or Tesla's earnings call but data shows a potential rotation from USDT to other stablecoins which ended up seeing, for example, BUSD print $…
POKKET: Crypto Market Update (July 14)

POKKET: Crypto Market Update (July 14)

Bitcoin price is softer -2.5% to $32.3k, ETH is doing worse -6.2% to below $2k. Movers are AUDIO +42%, AXS +21%, CHR +17%, AKRO -13%, ALPHA -12%, and rest are in between. According to Glassnode, several key metrics suggest BTC is in the 'calm before storm' pointing to declining volumes of derivatives, recovering mining capacity (after China crackdown) and number of BTC moving out of exchanges - basically leading to suppressed vols for some time to come. The S&P Dow Jones launches five n…
POKKET: Crypto Market Update (July 13)

POKKET: Crypto Market Update (July 13)

Bitcoin is -3.8% to $33k, ETH is -5.3% to $2035, barely holding on to $2k level. Movers are PUNDIX +12%, SAND -13%, AUDIO -12%, rest are in between and quiet. Some think the sink in crypto is due to the upcoming June CPI report, waiting for the inflation numbers to print. Binance was dropped by European payment processor Clear Junction, which will stop processing transactions for the exchange following Barclays and Santander. Goldman Sachs calls Coinbase a 'Tactical Trade' as it predicts the exc…
POKKET: Crypto Market Update (July 12)

POKKET: Crypto Market Update (July 12)

Bitcoin is slightly up +2.2% to $34.5k, ETH is right behind +1.9% to $2150. Movers are AUDIO +29%, MITH +15%, ALICE +14%, no standouts on the downside. The Alameda-backed ChainSwap, which bridges ETH to BSC, fell victim to another attack overnight in a vulnerability which cost $4.4M. Crypto-twitter is abuzz with Tether FUD, this time trying to highlight the 40 consecutive days of no minting while USDC mints away and eats at market share - ex-RealVision partner Grant Williams put out a podcast de…
POKKET: Crypto Market Update (June 11)

POKKET: Crypto Market Update (June 11)

Bitcoin price is softer -2.3% to $36250 while ETH is lower -6.5% to $2420. Movers are DOCK +17%, CHZ +15%, POLY +12%, TRU -12%, OGN FIS DENT -11%, NMR LINA -10%. According to cryptwit, Silvergate Bank will stop processing USD deposits and withdrawals for Binance, although BinanceUS "remains in good standing" the bank tweeted. Michael Saylor announced the opening of the Bitcoin Mining Council, an open forum dedicated to promote transparency, share best practices and educate the public, which Elon…
POKKET: Crypto Market Update (June 10)

POKKET: Crypto Market Update (June 10)

Bitcoin price is +13% to trade $37.4k while ETH is lagging behind +5% to $2600. Movers are MITH +38%, FIS +16%, DOCK +14%, INJ POND +12%, OST -21%, POLY -11%. El Salvador's Bitcoin bill passed yesterday, with supermajority votes. The country now embraces BTC as legal tender - starting with their Development Bank holding $150M worth in BTC, eventually moving towards holding it as reserve currency in the Central Bank while adding to this position. Yesterday 22k people listened in on Twitter Spaces…
POKKET: Crypto Market Update (June 9)

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 …
POKKET: Crypto Market Update (June 8)

POKKET: Crypto Market Update (June 8)

Bitcoin is -7.2% to $33.7k after Trump goes on TV to say he feels crypto is "a scam". ETH is down -6% to $2600. Movers are GTO +21%, POND BZRX FET TRB OAX -13%, KNC TRU KNC -12%, and rest follow. The US feds have recovered some of the Bitcoin paid by Colonial Pipeline in the ransomeware attack that shut down the east coast oil pipeline for nearly a week last month. SKorea's crypto exchanges are facing further restrictions, as the FSC is considering banning cross trading (executing buy/sell order…
POKKET: Crypto Market Update (June 7)

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…
POKKET: Crypto Market Update (June 6)

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 impa…