Reserves of Bitcoin and Ether on cryptocurrency exchanges based in the United States have recently dropped below, coinciding with an ongoing regulatory crackdown in the country.

Crypto Market -
The research report from CryptoQuant stating that Bitcoin reserves at U.S.-based crypto exchanges had decreased, reaching the lowest level since January 2017. The research also made note of the fact that, in terms of the quantity of Bitcoin they hold on behalf of their customers, offshore or foreign exchanges have exceeded U.S.-based exchanges.

Upcoming events this week-

Tuesday 13 June:
• US CPI Data
• Hinman Docs Become Public
• SEC's Coinbase Rulemaking Response
• Binance US Hearing

Wednesday 14 June:
• US PPI Data
• FOMC Meeting

Thursday 15 June:
• US Jobless Claims
• US Retail Sales Data

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US Congressman Warren Davidson officially files "SEC Stabilization Act" bill to fire SEC Chair Gary Gensler.
With this case to fire Gary Genster, the race is on to see who comes out on top. What do you think - Will Gensler keep his job, or will he be given the boot? Stay tuned to find out!