bitcoin to usd

POKKET: Crypto Market Update (Aug 5)

POKKET: Crypto Market Update (Aug 5)

Bitcoin is up +3.6% to just a touch under $40k, ETH is up a whopping +8.3% to $2700 prior to the EIP-1559 fork. Movers are COMP +16%, AXS BQS TRU PNT +13%, ALPHA +12%, rest are calm. Ethereum’s long awaited London hard fork happens soon, which includes the big change EIP-1559 which changes how transactions are structured by introducing a new base fee to make transaction costs transparent and less of a guessing game. It will also add a level of gamification by burning the transition fees, wh…
POKKET: Crypto Market Update (Aug 4)

POKKET: Crypto Market Update (Aug 4)

Bitcoin price is softer again -2.4% to $38.4k, ETH is also down -4.2% to $2500. Movers are YFII +26%, LINA +18%, OAX DEGO +15%, RSR +11%, rest are relatively calm. The big headline this morning is from SEC Chairman Gary Gensler's speech at the Aspen Security Forum, saying he believes the vast majority of crypto tokens and ICOs violate US security laws and are all securities. He adds, "I believe we have a crypto market now where many tokens may be unregistered securities, without required disclos…
POKKET: Crypto Market Update (Aug 3)

POKKET: Crypto Market Update (Aug 3)

Bitcoin price is softer -2.4% to $39.3k, ETH is humming along +1% to $2625. Movers are BQX +19%, NKN +10%, rest are zzz. All eyes on the US Infrastructure bill as the crypto clause gets updated, but its 'not good enough' according to insiders. Many politicians who are advocates of not only crypto, but for technological innovation, are voicing their concerns and constituents are getting active. The final bill's language around crypto reads now: "any person who is responsible for regularly providi…
POKKET: Crypto Market Update (Aug 2)

POKKET: Crypto Market Update (Aug 2)

Bitcoin corrected -6% to $39,700, ETH is doing better -2.5% to $2550. Movers are ANKR +16%, ALICE -12%, AXS -11%, rest in between. Cryptwit abuzz with more NFT hype as volumes and revenues thus far in 2021 put the space as a contender in the ecommerce space - estimated revenues YTD are some $1.5B, if including CryptoPunks. Speaking of which, the founder of an NFT videogame lost 16 CryptoPunks and a bunch of ETH after falling prey to a scammer. CryptoPunks as a whole have seen prices rise 53% ove…
POKKET: Crypto Market Update (Aug 1)

POKKET: Crypto Market Update (Aug 1)

Bitcoin is +1% to $41.8k, ETH is +4.8% to $2525. Movers are YFII +21%, FIS +20%, DEGO +18%, rest are within range. China reiterates its stance and vows to continue cracking down on crypto and will ‘maintain high pressure on virtual currency trading hype’, in an effort to gear up for its own ICO, the digital yuan. Meanwhile, cryptwit is increasingly voicing concerns over the $550B US infrastructure bill and the planned $28B tax bill to the crypto industry to help pay for it — …
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…