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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 — …