Hey everyone! Welcome to today's newsletter. Today for our premium readers we have: - A Swiss bank has launched crypto custody and trading services.
- Crypto-friendly travel booking site Travala.com saw its monthly revenue jump 205% in May.
- Crypto Masterclass, featuring Adam Vettese, an investment analyst at eToro, who talks about Bitcoin's recent price surge.
A reminder: If you subscribe to our premium content, you'll receive Inside Cryptocurrency ad-free five days a week, along with features like our daily Masterclass, interviews with crypto experts, and the latest studies and reports on crypto. Right now, we're offering 50% off of our monthly plan (only a few slots left!) if you use the promo code Crypto50. Click here to upgrade to premium! Best, | |  Rebecca |  | | |
Market Watch Bitcoin is starting off the summer down slightly during Monday trading; however, it remains within the $9,000 range. The combined market capitalization now stands at nearly $270B, which has been steadily climbing (with a few dips) since March when it was around $133B. | Bitcoin | $9,546 | -0.14% | | Ethereum | $237 | +0.32% | | XRP | $0.204 | +0.13% | | Tether | $1.00 | +0.37% | | Top 100 Winner: OmiseGO | $1.70 | +11.68% | | Top 100 Loser: Matic Network | $0.021 | -10.05% | Prices are as of 3:00 p.m. ET.
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 This Swiss bank has launched crypto custody and trading services. | |
People are booking with crypto despite COVID-19... | |
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Our Crypto Masterclass features a well-known thought leader or expert in the crypto space. Today, I focus on Adam Vettese, an investment analyst at eToro, who talks about Bitcoin's recent price surge in an email sent to Inside Crypto writer Rebecca Campbell. Vettese: "This has cemented Bitcoin's position as the top-performing asset of 2020." | |
Canada has given crypto companies the green light... | |
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 Research shows that the number of blockchain investment deals has declined for seven consecutive months. According to data from The Block, in May there were only 44 blockchain-related investment deals. This is compared to the 104 recorded in May 2019. In July 2019, the number of deals peaked at 121; however, since November, the number has fallen significantly and has continued to drop. The Block's John Dantoni said that investors may be making more "concentrated bets" instead of putting money into risky investments.
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Data from Glassnode reveals that 60% of Bitcoin hasn't moved in over a year. Figures from the market intelligence company indicate that this is illustrating "increased investor holding behavior." Glassnode went on to point out that the last time this happened was before the 2017 crypto bull run, which eventually saw Bitcoin hitting around $20,000 a coin. Last month, Coin Metrics pointed out that retail investors were taking advantage of the market dip, with the number of addresses holding small amounts of Bitcoin increasing since March 12. @GLASSNODE/TWITTER 
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 |  | This newsletter was written and curated by Rebecca Campbell. She has been writing and reporting on various industries for the past 10 years, more specifically tech in the last three. | | | | Editor | Sheena Vasani is a journalist, passionate techie, and UC Berkeley alumna who writes Inside Dev. She started her coding journey at Dev Bootcamp and Thinkful, and is proficient in Javascript and Ruby. In her free time, she runs a project dedicated to breaking mental health stigmas in South Asian communities. She's also currently working on gathering stories about people transcending divides for a new project, A Human First. | |
Check out NowRx's investing page and see how you can invest in the future of delivery pharmacy today. | |
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