Week of June 24th

Words don't matter, ACTIONS do...

As the Biden administration tells the crypto industry it plans to become more supportive, the SEC soldiers on in its fight with the industry & the crypto market continued to slide.

Over the weekend, Mt. Gox announced they would start disburseing roughly $9 billion in Bitcoin next month, spurring another leg downwards, despite potentially larger bullish news on the horizon.

Finally, we look at some of the crazy stories from the world of crypto including a $3 million hack that wasn't a hack and a meme coin controversy involving the infamous "pharma bro".

Weekly Crypto Watch

• Bitcoin (BTC) $61,188. (down 7.25%)
• Ether (ETH) $3,296 (down 6.47%)
• Solana (SOL) $127.1 (down 11.38%)
• BTC Funding Rate -0.0028%
• ETH Funding Rate 0.0045

Macro Watch

• S&P 5480.75 (up 18.75 points)
• Gold $2,340.2 (up $7.4)
• Oil $81.38 (up $1.7 )
• DXY 105.52 (increase of 0.10 points)For

To keep reading, visit: https://www.coinroutes.com/insights/june-24th-weekly-market-commentary/