The Main Morning News Of the Crypto Market On May 31

The new week began with the decline of the oldest cryptocurrency. Bitcoin (BTC) as of 10:00 (Moscow time) is trading at $ 35,118. Over the weekend, Bitcoin managed to break through the $ 37,000 level, after which the coin entered a correction.

The Main Morning News Of the Crypto Market On May 31

The new week began with the decline of the oldest cryptocurrency. Bitcoin (BTC) as of 10:00 (Moscow time) is trading at $ 35,118. Over the weekend, Bitcoin managed to break through the $ 37,000 level, after which the coin entered a correction.

Ethereum also started the week with a slight drop. As of 10:00 am, the Ether’s rate is $ 2396.

Over the past day, all cryptocurrencies from the top ten of the CoinMarketCap capitalization rating have grown. The best result among them was recorded by XRP (+ 8.6%).

Over the week, the Uniswap token grew more actively than others (+ 35.38%), and the largest decline in the last 7 days was recorded at Dogecoin (-4.39%).

Among the top 100 most capitalized cryptocurrencies, The Graph (+ 13.62%) showed the highest daily growth, and Decred (+ 54.77%) over the week. Horizen lost more than others in price over the last 24 hours (-10.39%), and over the week the lowest was Internet Computer (-26.66%).

Breaking news on the morning of May 31

– Against the background of a fall in the hash rate of the cryptocurrency, the difficulty of mining bitcoin has decreased by almost 16%.

According to The Block, this is due to the disconnection of Chinese miners from the network, which happened because of the pressure of the PRC government on the crypto industry.

– In the UK, digital bank Starling has banned users from replenishing deposits of digital asset exchanges, writes The Telegraph.

According to the representatives of the financial organization, the decision is due to the fact that such transactions may be related to illegal activities.

“This is a temporary measure that we have taken to protect clients, as we have recorded a high level of financial crime related to the asset transfers to some cryptocurrency exchanges,” Starling said.

They also noted that other banks are also facing similar problems.

– The US Securities and Exchange Commission (SEC) will no longer be able to study the materials of legal advice of the Ripple startup.

The startup team banned this due to the fact that the documents contain discussions on the legal status of XRP. And the Commission considers the token a security.

The company believes that the SEC can use access to startup records in order to defend its position.

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