Cryptocurrency Prices Today: Bitcoin, Dogecoin & Binance Coin

Cryptocurrencies are in the green today on June 3, 2021, Bitcoin's price is currently at $37,329.93. Its dominance in the market is at 41.61 percent, a decrease of 0.40 percent over the day. Global bank JPMorgan on June 2 advised that institutional investors have so far avoided buying Bitcoin during the current dip in the cryptocurrency's price. JPMorgan strategist Nikolaos Panigirtzoglou wrote in a research note that bitcoin's price might fall further before stabilizing after a correction. "It now seems unlikely that we see this volatility ratio returning to the x2 levels of last summer. The best we can hope for over the medium term is for this volatility ratio to partially revert from around x6 currently to around x4 by year-end," Panigirtzoglou said, as quoted by CNBC. For other cryptocurrencies, Dogecoin, Elon Musk's crypto meme tweet on June 2 surged its prices by 28.66 percent and was trading at $0.419919, as per US-based crypto exchange Coinbase at 3:55 pm. The crypto trading exchange shows that Dogecoin's 24-hour high record was $0.419919, while its 24-hours low trading was registered at $0.311602. The global cryptocurrency market cap is $1.68 trillion, a 4.30 percent increase over the last day, while the total crypto market volume over the last 24 hours is $109.18 billion, which makes a 0.59 percent increase. The volume of all stable coins is now $89.49 billion, which is 81.96 percent of the total cryptocurrency market's 24-hour volume. Meanwhile, India’s India’s booming but unregulated cryptocurrency industry is subjecting itself to self-regulation, with the Internet and Mobile Association setting up a formal board to review issues, apply best practices and come as close to formal regulation as possible, association said. The Blockchain and Crypto Assets Council, part of the IAMAI, will set up a formal board comprising lawyers, technical specialists, and fintech compliance specialists to ensure self-regulation. "Crypto exchange business activity is legal in India today, but it is not formally regulated yet. There are no prescriptive guidelines. We are trying to make sure the serious players can follow the best global practices,” Naveen Surya, Chairman, Fintech Convergence Council and Chairman Emeritus of Payments Council of India (PCI) told Moneycontrol. Source:-https://www.moneycontrol.com/news/business/cryptocurrency/cryptocurrency-prices-today-on-june-3-bitcoin-dogecoin-binance-coin-6980641.html
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Dogecoin surges Elon Musk posts another crypto meme

Cryptocurrency tracker | Dogecoin surges 28% as Elon Musk posts another crypto meme Emerged in 2013 as a joke coin, cryptocurrency Dogecoin on June 2 surged by 28.66 percent, and was trading at $0.419919, as per to US-based crypto exchange Coinbase at 3:55 pm. With this, its market valve reached to $54.47 billion in 24-hours trading tenure. The crypto trading exchange shows that Dogecoin 24-hour high record was $0.419919, while its 24-hours low trading was registered at $0.311602. Elon Musk stirs up nostalgia with his most recent tweet Earlier on Tuesday, the Nasdaq-listed company has started accepting inbound transfers of dogecoin (DOGE) to Coinbase Pro. “Trading will begin on or after 9 am Pacific Time (PT) Thursday, 3 June, if liquidity conditions are met," the crypto exchange said in a blog post. During an earning call in May, Coinbase CEO Brian Armstrong first announced the exchange would list DOGE. Meanwhile, Tesla founder Elon Musk on Wednesday posted a meme that bears a resemblance to his childhood. The tweet reads, "Found this pic of me as a child". The image resembles a PC setup of a software engineer in the 1980s, with the caption reading; "I have to keep my passion hidden from the public or I’ll be socially ostracized". Prior to this meme, Tesla on May 19 had been posted “diamond hands” on the microblogging website after the bitcoin bloodbath. He tried to implied that his firm would not be parting with its $1.5 billion stake in bitcoin. On May 12, Musk announced that Tesla will no longer allow vehicle purchases using bitcoin due to environmental concerns. He had even suggested a few days ago that Tesla might sell off its stake in bitcoin but backtracked on his statement later. Meanwhile, here are the trading value of other crypto currencies at 3:50 pm: Bitcoin: $37,247.30Ethereum: $2,690.97Cardano: $1.78XRP: $1.02Steller: $0.417919Uniswap: $27.78Polkadot: $24.07Bitcoin Cash: $700.10Litecoin: $184.24Tron: $0.076836Cosmos: $14.20Yearn Finance: $45,555.69Bitcoin Gold: $58.30 Source:-https://www.moneycontrol.com/news/business/cryptocurrency/cryptocurrency-tracker-dogecoin-surges-by-28-elon-musk-posts-a-meme-bearing-resemblance-to-his-childhood-6978581.html
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Google is revamping its ad policy for crypto exchanges and wallets

Google is expanding the scope of its crypto-related advertisement policy, the latest development in a years-long back and forth from the tech giant. In a policy statement published Wednesday, Google said that "[b]eginning August 3, advertisers offering Cryptocurrency Exchanges and Wallets targeting the United States may advertise those products and services when they meet the following requirements and are certified by Google." To qualify, exchanges and wallets need to "[b]e duly registered with (a) FinCEN as a Money Services Business and with at least one state as a money transmitter; or (b) a federal or state-chartered bank entity," "[c]omply with relevant legal requirements, including any local legal requirements, whether at a state or federal level" and "[e]nsure their ads and landing pages comply with all Google Ads policies." The new certification process will replace one that has existed for crypto exchanges since late 2018.  In March 2018, Google made waves when it banned crypto advertising from its search engine, a move that came after Facebook undertook a similar policy shift earlier that year. Yet in September 2018, Google walked back that strict policy somewhat, allowing for crypto exchanges to become certified advertisers on the platform for the U.S. and Japanese markets. Elsewhere, critics have long accused Google of not adequately addressing crypto-related ad scams.  Per Google's new statement, it will not allow advertisements for "initial coin offerings, Defi trading protocols, or otherwise promoting the purchase, sale, or trade of cryptocurrencies or related products." Cited examples include "initial DEX offerings, token liquidity pools, celebrity cryptocurrency endorsements, unhosted wallets, unregulated DApps." Further, "Ad destinations that aggregate or compare issuers of cryptocurrencies or related products" are also not allowed. "As a reminder, we expect all advertisers to comply with the local laws for any area that their ads target. This policy will apply globally to all accounts that advertise these financial products," Google concluded. Source:-https://www.theblockcrypto.com/linked/106997/google-is-revamping-its-ad-policy-for-crypto-exchanges-and-wallets
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The U.S Crypto Morning Session

It’s a bullish day for Bitcoin and the broader market. A Bitcoin move through to $38,000 levels would be needed, however, to bring $40,000 levels into play… It’s been a bullish start for Bitcoin and the broader crypto market. Following Tuesday’s pullback, the majors slid too early lows before finding support. At the time of writing, Bitcoin, BTC to USD, was up by 1.51% to $37,226.8. Through the early hours, UTC, Bitcoin slid to an early morning current day low of $35,933.0 before finding support. Know where Bitcoin is headed? Take advantage now with  Steering clear of the first major support level at $35,592, Bitcoin rose to a late morning intraday high $37,516.0. In spite of the morning rebound, however, Bitcoin came up short of the first major resistance level at $37,821. The Rest of the Pack At the time of writing, Chainlink was down by 0.55% to buck the trend this morning. It’s been a bullish morning for the rest of the majors, however. Binance Coin was up by 5.74% to lead the way, with Bitcoin Cash SV (+4.18%), Crypto.com Coin (+4.89%), and Polkadot (+3.98%) also finding strong support. Cardano’s ADA (+1.93%), Ethereum (+2.46%), Litecoin (+0.79%), and Ripple’s XRP (+0.43%) trailed the front runners, however. Through the early hours, the crypto total market fell to an early morning low $1,575bn before rising to a high $1,655bn. At the time of writing, the total market cap stood at $1,645bn. Bitcoin’s dominance rose to an early high 42.74% before falling to a low 42.39%. At the time of writing, Bitcoin’s dominance stood at 42.37%. For the Day Ahead Bitcoin would need to avoid a fallback through the $36,740 to support another run at the first major resistance level at $37,821. Support from the broader market would be needed, however, for Bitcoin to break out from $37,500 levels. Barring an extended rally through the afternoon, resistance at $38,000 would likely continue to limit the upside. A break through the first major resistance level, however, would bring resistance at $40,000 into play. The second major resistance level sits at $38,969. Looking beyond the support and resistance levels, we saw a bullish cross this morning, with the 50 EMA crossing through the 100 EMA. The bullish cross and a narrowing of the 50 EMA on the 200 supported the rebound this morning. A fallback through the $36,740 pivot would bring the first major support level at $35,592 back into play. Barring an extended sell-off throughout the afternoon, however, Bitcoin should steer clear of sub-$35,000 levels. The second major support level sits at $34,511. Source:-https://www.fxempire.com/forecasts/article/the-u-s-crypto-morning-session-june-2nd-2021-736374
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Coinbase rival Kraken launches mobile app in the U.S. to capitalize on the crypto surge

Less than two months after Coinbase’s stock market debut, rival crypto exchange Kraken is bringing its mobile app to the U.S. as retail investors flock to digital currencies.  Starting Wednesday, the new Kraken App will allow many users across the U.S. to securely buy and sell more than 50 crypto tokens from their mobile phones. “This consumer app is our first major foray into supporting wider consumer adoption in a much more simplified, easy-to-use interface,” Chief Product Officer Jeremy Welch told CNBC. The app launched in Europe earlier this year. In terms of trading volume, Kraken is the world’s fourth-largest digital currency exchange. In a crowded field of cryptocurrency apps, Kraken claims to offer “the lowest fees in the industry.” It points to its speedy verification and onboarding times as a key benefit. The fastest onboarding and purchase test is under a minute, depending on the user’s bank. Outside the U.S., Kraken is popular because of its margin and futures trading offerings, which are not yet available to U.S. consumers. Launched in 2013, Kraken says it has 7 million clients. It said its May trading volume grew more than sixfold from January. “The last five months have been pretty unreal at Kraken,” said Welch. “We’ve seen a surge in new clients and in all-time highs.” The app does not yet allow credit and debit card payments, but the company says it plans to enhance its offerings in coming weeks and months.  The company said it doesn’t offer service to residents of New York and Washington state due to the “cost of maintaining regulatory compliance.” The move into the U.S. market comes at a time of regulatory uncertainty and in the midst of a particularly volatile cycle. While bitcoin has quadrupled in value in the past year, the price has dropped more than 40% from its high in April. Officials ranging from U.S. Treasury Secretary Janet Yellen to European Central Bank President Christine Lagarde have raised concerns over the nefarious use of cryptocurrencies like bitcoin.  Kraken CEO Jesse Powell previously told CNBC he thinks there could be a wider crackdown in crypto trading. Powell said the U.S. is more “shortsighted” than other nations and “susceptible” to the pressures of incumbent legacy businesses like banks, which “stand to lose from crypto becoming a big deal.” Whereas crypto holdings on Coinbase are FDIC insured up to $250,000 per U.S. customer, Kraken has taken a different approach.  In a note to customers on its website, Kraken said that while the company takes “great care to protect the assets” of clients from loss, exchanges do not qualify for deposit insurance programs, nor should they function as cryptocurrency wallets. Kraken is registered as a money services business with the U.S. Treasury Department’s FinCEN and says it complies “with legal and regulatory requirements in all jurisdictions” where it operates. Before the May sell-off in the crypto market, Powell said the company was considering going public in 2022 via a direct listing, similar to the route taken by Coinbase. Source:-https://www.cnbc.com/2021/06/02/kraken-launched-mobile-app-in-us-for-bitcoin-and-ethereum-purchases.html
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