2021-06-10 10:00:06
What you need to know about the markets today:
Bitcoin Trading Volume Tumbles After Record May; Demand Withers With Price
“Traders have certainly lost the appetite for bitcoin in this uncertain market environment,” Arcane Research wrote in a report.
Bitcoin trading volumes have tumbled this month by 47% from May’s record level, in a bleak turn of events for the digital-asset industry as cryptocurrency prices retreat.
A daily average of $34.8 billion of bitcoin has changed hands in the first eight days of June, compared with the unprecedented $67 billion charted last month, based on data from CoinDesk Research. The June average so far is the lowest for any month since December.
Tottenham have opened talks with former Roma boss Paulo Fonseca about becoming their new manager.
The move bears all the hallmarks of significant involvement by Tottenham's new sporting director Fabio Paratici, who has joined the club after 11 years at Juventus.
Iranian president Hassan Rouhani discussed cryptocurrencies at the most recent meeting of the government’s Economic Coordination Board and told participants that regulatory policy is needed to protect consumers. Rouhani believes the Iranian government should “communicate the necessary laws and instructions” as soon as possible so dishonorable crypto businesses are avoided.
The six Premier League clubs involved in the European Super League have agreed to make a combined "goodwill" payment of £22m. Should they attempt a similar project again, the clubs will be fined £25m each and have 30 points deducted.
Meanwhile, Uefa has temporarily paused disciplinary proceedings against Juventus, Barcelona and Real Madrid.
They are the only three clubs from the 12 that signed up that are yet to accept any punishment or renounce the ESL.
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