Sunday, August 26: after a short recovery yesterday, crypto markets have again declined somewhat, with only three out of the top 10 cryptocurrencies by market cap seeing green today. Market visualization from Coin360 Bitcoin (BTC) is one of the fortunate ones, up less than one percent on the day, trading at $6,740 as of press time. The cryptocurrency also has managed to hold on to its weekly gains, which comprise 2 percent. Having peaked at $6,778 yesterday, Bitcoin dropped to as low as $6,587 earlier today. Bitcoin 24-hour price chart. Source: Cointelegraph Bitcoin Price Index After surging to around $282 yesterday, Ethereum (ETH) is now 2 percent down to trade at $272 as of press time. Ethereum price chart. Source: Cointelegraph Ethereum Price Index The total market capitalization of all coins has increased somewhat over the past 24 hours. After hitting an intraday low of $212 billion, it is currently at $218 billion, up from yesterday’s high of $216 billion. Total market capitalization chart. Source: Coinmarketcap Bitcoin keeps increasing its dominance over the market, with its share of the market amounting to 53.3 percent at press time, up from 51.5 percent a week ago. Bitcoin’s share of total market cap. Source: Coinmarketcap IOTA is the only cryptocurrency out of the top ten by market cap to have grown by more than one percent in 24 hours to press time - in fact, it has gained as much as 12.5 percent, to trade at $0.60. In terms of weekly gains, one of the biggest winners is Tezos (XTZ), up a whopping 97% on the week and trading at $2.64 at press time. Yesterday, Fundstrat’s Head of Research Tom Lee said in an interview with CNBC that the cryptocurrency “could end the year explosively higher,” citing a correlation between it and emerging markets, and claiming that he still believes that Bitcoin could hit $25,000 by the end of 2018. According to Lee, the “tide is changing” for both Bitcoin and emerging markets, especially if the U.S. Federal Reserve slows down its interest rate hikes. Read More Crypto Markets See Few Gains as Most of Top Coins Are Slumping : https://ift.tt/2MBiOXCPartner By desimpul.blogspot.com The materials on Desimpul's website are provided on an 'as is' basis. Desimpul makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties including, without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, Desimpul does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its website or otherwise relating to such materials or on any sites linked to this site. In no event shall Desimpul or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption) arising out of the use or inability to use the materials on Desimpul's website, even if Desimpul or a Desimpul authorized representative has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you. Accuracy of materials The materials appearing on Desimpul's website could include technical, typographical, or photographic errors. Desimpul does not warrant that any of the materials on its website are accurate, complete or current. Desimpul may make changes to the materials contained on its website at any time without notice. However Desimpul does not make any commitment to update the materials. Links Desimpul has not reviewed all of the sites linked to its website and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by Desimpul of the site. Use of any such linked website is at the user's own risk. Modifications Desimpul may revise these terms of service for its website at any time without notice. By using this website you are agreeing to be bound by the then current version of these terms of service.
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