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What Happened On The Crypto Market While Everyone Was Asleep – June 4th Review From BeInCrypto

© Reuters. What Happened on the Crypto Market While Everyone Was Asleep – June 4 Review

Major cryptocurrencies are falling again, the Chinese authorities have announced an official position on crypto trading, the Impossible Finance project has successfully completed a round of financing – these and many other news on the morning of June 4 in our review.

(BTC) started the last day of the five-day business with a fall. As of 06:10 (Moscow time), the cryptocurrency is trading at $ 37,600.

The second largest cryptocurrency by capitalization – – also began the day with a fall. As of this writing, the coin is trading at $ 2,724.

Most of the top 10 cryptocurrencies in the capitalization rankings showed positive dynamics within 24 hours. The best result per day was recorded by (+ 2.30%). During the week it grew more actively than others (+ 15.10%). At the same time, the coin recorded the largest losses in 24 hours (-10.23%). During the week it lost more than others in price (-6.64%).

In the top 100 most capitalized cryptocurrencies, Filecoin (+ 34.38%) recorded the best daily growth, and UNUS SED LEO (+ 40.72%) over the week. Over the past 24 hours, the already mentioned Dogecoin has been losing in price more actively than others. The largest losses for the week were recorded at Helium (-21.97%).

Breaking news on the morning of June 4th

  • The Chinese authorities have concretized their attitude towards cryptocurrency trading. Information about this appeared in the local media.

Chinese regulators believe that the country’s citizens can trade cryptocurrencies. At the same time, the authorities pay attention to the high level of risk of such transactions. The clarifications followed the introduction of regulatory bans on the crypto industry by the PRC authorities, against the background of which many miners were disconnected from the network.

  • Anchorage digital bank offered market participants the tools for loans based on Ethereum collateral. Writes about this The Block.
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The financial institution has created a new product in partnership with one of the oldest banks in America – BankProv. The tools are institutionalized.

  • The Impossible Finance decentralized finance protocol has raised $ 7 million in investment to form a DeFi incubator. Writes about this Cointelegraph.

The round was led by True Ventures. Also, 125 institutions and a number of angel investors took part in financing the project.

A warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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