BitDigest May 19 · Issue #661

May 19, 2020
  • Bitcoin holding in $9,600 – 9,800 range
  • The Consumer Financial Protection Bureau believes using Ripple could benefit consumers by allowing them to see the actual amount of a transfer / remittance before the transaction has been completed
  • ISIS may have transferred $300 war chest into cryptocurrencies to hide it from authorities
BitDigest May 19 · Issue #661

Crypto Fear and Greed Index

The Crypto F&G Index has recovered from March and April’s weakness and is now at 50 signifying a neutral sentiment. The index is up 11 points since last week.

BitDigest May 19 · Issue #661

She-Who-Must-Not-Be-Named

Harry Potter author JK Rowling admits that asking for an explanation on bitcoin is something her young wizards may not have event been prepared for. Responding to all the posts and media attention she has received since asking for an explanation of bitcoin she tweeted, “This is getting silly. I’m not joining the Bitcoin community. It should be perfectly obvious by now that I’ve been trolling Bitcoin in the hope of boosting my significant ethereum holdings.”

Moments later she tweeted that the ethereum comment was meant as “a joke.”

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MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC -0.34% falling to $60k and ETH 0.27% approaching the low $2,300s. Aptos (APT 0.00% ) is one of the few gainers in the top 100 tokens as they have strengthened their presence in Japan via an acquisition of HashPalette, a Japanese NFT service provider and developer of Palette Chain. AAVE -1.79% is also showing slight gains following...

CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -0.34% climbing back above $61,000 and SOL 0.23% moving above $145, while ETH 0.27% is lagging, trading around $2,400. Among today's outperformers is SUI -1.35% , which appears resilient despite a $115 million token unlock yesterday. Oil is partially retracing its early rally, gold is lower on the day, and yields are moving higher, suggesting at least a temporary reversal of...

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