| Mass Adoption Draws Closer With Last Week's Developments If you cannot see the email below, please click here to see the web version. Dear FreeBitco.in User, You are receiving this email because you are an active user at FreeBitco.in. Your User ID 4327909 was last active on 2021-05-27.  LAST WEEK IN CRYPTO Hello FreeBitco.in Users! Big news for Bitcoin last week as El Salvador became the first country to adopt BTC as legal tender. Meanwhile, positive adoption news continues to flow in. Let's take a look at what happened Last Week in Crypto: ➤ Bitcoin Looks to Flip $38,000 to Support As Price Ranges Higher Bitcoin Consolidates Higher As Traders Eye Higher Levels in Coming Sessions BTC | BITCOIN $39828.81 -4.64%  BTC moved to a higher range last week as we can see on the hourly chart above. Bitcoin rose to $39,000 before correcting and it now looks to have turned $35,000 into decent support. According to analysts, BTC will have to reclaim $38,000 and turn it into support to begin a substantial move upwards.  Meanwhile, on the daily chart, we can see that BTC has been consolidating in a tight range for the last three weeks. We could see a breakout pattern emerge on the upside if BTC breaks $38,000. The popular Stock-to-Flow model by analyst PlanB has BTC making another all-time high this year, with $100,000 supposedly on the cards. Will Bitcoin get out of this range next week? FUN Token Touches Three-Week High, New Utility Token Plans Announced FUN | FUN Token $0.019986 -10.72%  Starting June 8, FUN Token jumped 50% to reach a three-week high of $0.027. This movement coincided with a tweet from FUN Token's official account on June 8 where the organization announced plans for a gaming utility token that would boast zero cost and zero latency. This is one of several developments planned for FUN Token over the next year. Recently, a roadmap outlining plans was released publicly, with a FUN Token decentralized casino coming soon. You can take a look at the roadmap here. ETH/BTC Pair Breaks Down, SOL Secures $314 Million Funding ETH | Ethereum $2,390.73 -3.29% SOL | Solana $36.68 -7.11% DOGE | Dogecoin $0.312508 +1.16%  In the two weeks prior to last week, we saw the ETH/BTC pair rise rapidly as analysts kept touting ETH as the stronger coin of the top two cryptocurrencies. However, at the start of last week, a rising wedge pattern could be seen, a sign of exhaustion and a lack of belief in the rally. This meant a breakdown was more than imminent and subsequently, the ETH/BTC pair tumbled. Also last week, average transaction fees were 95% down on the Ethereum blockchain as recent network activity showed signs of decline. Fees went as low as $3.45. That's in stark contrast to fees amounting to $70 a month ago. SOL Rallies As the Broader Market Stays Flat SOL is one of the cryptocurrencies that has managed to rebound impressively after the crash of May 19. Upward momentum was noticeable starting June 2 after the announcement of the Metaplex NFT platform. Further announcements of an algorithmic decentralized lending and borrowing platform called Solend and a decentralized, capital-efficient derivatives exchange called Mot Finance led the charge last week. Furthermore, Solana Labs, the organization behind the development of the Solana ecosystem, raised $314.15 million through a private token sale. Crypto News Weekly Roundup El Salvador Becomes the First Country to Adopt BTC As Legal Tender  In a major boost to cryptocurrency adoption, El Salvador became the first country to adopt BTC as legal tender on June 9. President Nayib Bukele's 'Bitcoin Law' was passed by the Salvadoran Legislative Assembly with a supermajority. The law will go into effect immediately with a 90-day timeframe allowed for the corresponding infrastructure to be put in place. ''The purpose of this law is to regulate Bitcoin as unrestricted legal tender with liberating power, unlimited in any transaction, and to any title that public or private natural or legal persons require carrying out,'' the bill read. Is this the start of a new era? Multi-Trillion Dollar Asset Manager Launches Digital Asset Division  State Street Corporation, the second-oldest continuously operating bank in the U.S. and a multi-trillion dollar asset manager has become the latest financial institution to commit to a division that would focus on cryptocurrency, blockchain technology, and central bank digital currencies. ''Digital assets are quickly becoming integrated into the existing framework of financial services, and it's critical we have the tools in place to provide our clients with solutions for both their traditional investment needs as well as their increased digital needs,'' said Ron O'Hanley, CEO of State Street. This is another example of financial institutions jumping onto the Bitcoin bandwagon and a rising belief in the potential of the asset. Could Twitter Adopt the Bitcoin Lightning Network?  Jack Dorsey, CEO of Twitter and Square, suggested that the Bitcoin Lightning Network could be integrated into Twitter or BlueSky soon. In a tweet, Dorsey said it would be ''only a matter of time'' before the blockchain tech would be integrated into Square's projects. This comes after earlier in June, Dorsey revealed Square's intentions of developing a non-custodial BTC hardware wallet. 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El Salvador Makes Bitcoin History!
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