Crypto Daily Report – June 25
Jun 25, 2021
body div center ul, body div center li { font-size: 22px; margin-left: 10px !important; margin-right: 0 !important; Most Important Daily Data and News for Digital Assets Crypto Daily ReportThe Most Important Daily Data for Digital Assets Daily Analysis from FSInsightJune 25, 2021Following a volatile week in the crypto market, Bitcoin and Ethereum sit around $33,000 and $1,900, respectively, approximately where each was to start the week. While it is apparent that hash rate is in the process of migrating out of China, as we noted earlier in the week, it appears that the selling pressure from miners is not as significant as anticipated by market participants.Last night, El Salvador's president Nayib Bukele revealed the Chivo Bitcoin wallet to its citizens and announced that the government will be handing out $30 in BTC to all adult citizens that download and complete the KYC process. At current price levels and population estimates, this would amount to a distribution of approximately 3,500 BTC.According to a Bloomberg report, the SEC has impeded Robinhood's IPO plans to further investigate its burgeoning crypto business. While the Company's initial plan was to go public this month, it now appears that the questioning surrounding crypto might push the issuance to this fall.Daily I