Binance US Avoids Asset Freeze, Damus Faces iOS Removal Over Bitcoin Tipping
Jun 14, 2023
Market Update Today’s busy news day kicked off earlier this morning with the release of the latest Producer Price Index. Data came in below expectations at MoM and YoY, likely cementing a pause in interest rate hikes at today’s FOMC meeting. Traditional indices are up slightly in anticipation of the 2:00 PM decision, with the $SPY (+0.27%) and $QQQ (+0.31%) at 2023 highs. $BTC (+0.29%) and $ETH (+0.15%) are rising in a similar fashion, while altcoins are mixed. Bitcoin and Ethereum dominance has risen to 69.5% of the total crypto market cap, the highest level since September 2020. The det