Weekly Price Movements:
- BTC’s correlation with traditional financial markets picked up this week after the long period of low correlation in the past few weeks, with BTC selling off -6.33% and SPX tanking 5.89% on Jun 12.
- Liquidation-driven volatile moves continued to happen around the $10,000 level: BTC shot up briefly to around $10,011 on the back of lots of very aggressive bids, but quickly retracted all the gains and dipped to as low as $9,660 in a 2 minutes time frame. See this Twitter feed for thoughts from Alameda Research trader.
- FTX launched KNC spot
- Starting on 2020-06-17, BVOL will attempt to track implied percent-based volatility of BTC
- Whitelisting Wallet Addresses